The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1910-09-15
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ORDINANCE NO. 81.

ing of a special election in the City OF
Twin Falls for the purpose of submit
ting to the qualified electors who are
tax payers thereof, the question Of the
issuance of municipal coupon bonds OF
said city In the total amount Of $4,000,
for the following purposes, to-wit:
$33,000.00 to provide for the curbing,
and paving Of streets and alleys at the
cross intersections within Local Ina
provement District No. Z.
$1,000 for the purpose of providing
necessary public improvements con-
sisting OF walks, cross walks, bridges
and culverts on the streets and alleys
Of said city.
$4,000 to provide for the purchase of
suitable and necessary apparatus for
the fire department of said city, and
for the maintenance Of same.
And to provide for the collection OF
an annual tax upon all the taxable
property in the City of Twin Falls, suf-
ficient to pay the interest on said
bonds as 1t falls due, and to create a
sinking fund for the payment Of the
principal thereof, within 20 years after
the date of the issuance Of same, as
they become due.
Be 1t ordained by the Mayor and
Council of the City of Twin Falls. Ida
no:
Section /. A special election Of the
qualified electors who are taxpayers
thereof OF the City of Twin Falls, Ida
do, shall be held on Tuesday the goth
day OF September, 1910, for the pur-
pose Of submitting to the said electors,
the question of the issuance by said
city, of it's municipal coupon bonds In
the denomination Of 100000 as near
as practicable, payable within 20 years
from the date of issuance, redeemable
at the pleasure of said city at any time
after the expiration of 10 years, bear
ing interest at rate not to exceed SIX
per cent. per annum, interest payable
semi-annually, in the aggregate not to
exceed the sum of $50,000.OO, and to
provide for the levying and collecting
of an annual tax upon all taxable prop
erty in the said city Of Twin Falls suf-
ficient to pay the interest on said bonds
as it falls due, and to create and con-
stitute sinking fund for the payment
at any time after ten years from the
date thereof, of the principal of said
bonds as they respectively become due,
for the following purposes, to-wit:
First. Municipal coupon bonds to
the amount of $33,00000 to be desig-
mated Municipal Paving Coupon
Bonds of the City of Twin Falls" to
provide for the payment of the cost
and expense of the grading and paving
that part of the streets and alleys in
Local Improvement District No. Z, in
said city, known as cross streets and
intersections, to conform with other
and like improvements to be made at
the expense of property owners abut-
ting the streets and alleys in said I'M
provement District No Z as provided
in and by ordinance No. so of said city
Second Municipal coupon bonds to
the amount of 81 900 to be designated
CITY of Twin Falls Street Improve
ment Bonds to provide funds for the
payment of necessary public improve
ments in said city, consisting of walks,
cross walks, bridges and culverts, on
the streets and alleys of said city.
Third. Municipal coupon bonds to
the amount of $4,000 to be designated
Getty of Twin Falls Fire Department
Bonds" to provide funds for the pur-
chase of suitable and necessary appar-
atus for the fire department of said
city, and the maintenance of the fire
department.
Said bonds or any of them If author
lied by the vote of the qualified cleo
tors who are tax payers thereof shall
be payable 20 years from their date
of issuance, but shall be redeemable at
the pleasure of said city at any time
after the expiration of 10 years from
the date of said issuance, and each
bond shall be redeemed in the order OF
its number.
Said bonds shall bear interest not to
exceed six per cent per annum, SAID
interest to be payable semi-annually,
and shall in all respects comply in
form and issuance with the provisions
of chapter 70, entitled Municipal I'M
proyement Bonds" Political Code Vol.
1, of the Revised Codes of Idaho, ap-
proyed at the 10th session of the legls-
lature of the State of Idaho in the
year 1909, and amendment OF section
23l5 of said revised Codes approved
March 10, 1909.
Sec. 2. In order to provide for the
payment of interest on said bonds as
are authorized to be issued at the cleo
ton herein provided for, and to con-
stitute a sinking fund for the payment
of the principal thereof at maturity, a
direct tax in addition to all other taxes
shall be annually levied and collected
on all the taxable property in the said
city of Twin Falls, sufficient to meet
the interest on such bonds as may be
issued, and outstanding from time 10
time, promptly as the same mature,
and also sufficient to establish ana
maintain sinking fund which shall be
sufficient to pay all bonds called IN
after 10 years, and before the maturity
thereof, and also to promptly meet the
payment of all bonds outstanding at
their maturity.
At least 80 days notice of the time OF
| said special election is hereby directed
to be given by publication in the Twin
Falls Times, the weekly newspaper
published in said city of Twin Fails
and having general circulation there
in. and said election shall be conducted
in accordance with the ordinance OF
"a n An