The Meridian times. (Meridian, Idaho) 1909-1938, 1910-05-13
ORDINANCE NO. "a.

+.
purpose demonstrating publicwafer.
within the Village of Merid-
ian, and providing for the levy and
collection of tax TO pay the interest
and create sinking fund for the
redemption of said bonds in accord
.ance with the provisions9 ss Crdi-
nance Noss59, and the vote of the
electorss and also fixing and adopt
ing the form of bond to be used for
said issue of Municipal Coupon
Bonds.
Be it ordained by the chairman
and board of trustees of the Village of
Meridian, Idaho.
Whereas, at an election held for the
purpose on Saturday FehFuary~12tl1,
fasao, two-thirds majority Of the
qualified voters who are property tax
payers of the Village of Meridian,
Ada county, Idaho, voting at said
election sustained the proposition
hereinafter described, by a vote of
'ans- hundred and twenty for the issu-
ance of said bonds, to voteof eight
against the issuance of said bonds, 1t
is therefore ordained,
SEcTIoH 1. That there shall be is
sued by the Village of Meridian, Idaho.
the bonds of said village, to be called
MATER Works Boadsl .fors~tlses -ptir-
pose of borrowing money upon the
credit of said village, such money to
be used in construction of public,
wster works within the village Of Nfe-
ridian. es,.. 80
SEC. 2. Said bonds shall be nnffr-
bered consecutively from Il ITO fZ0l, ill-
| elusive, and shall be of the denonina-
| ton of one thousand dollars Isl cool
each, aggregating the sum of4staResaty
thousand dollars lS2e,6oU1, and shall
be payable in lawful money of the
United States of America.
| SEC. 3. Said bonds shall be dated
the first day of April, il,-ASaDg-4sIeyaand
shall become due and payable twenty
years from date, but the right is ex-
pressly reserved by the Village of Me-
ridian to redeem said bonds or any
number thereof, at any time after ten
/ years from their date.
| SEC. 4. Said bonds shall bear inter
est from their date, at the rate or six
per cent. per annum, the interest pay
able semi-annually, on the first day of
| January, and the first day of July of
! each year, according to the term of
the interest coupons thereto attached.
-. SEC. S. Principal and interest of
said bonds shall be payable on pre-
sentation of said bond or proper cou-
pom, at the office of the village treas
urer of the Village of Meridian, or at
the Seaboard National Bank of New
York, at the option of the holder.
SEC. 6. Said bonds shall be signed
by the chairman. and countersigned
by the clerk, and registered by the
village treasurer, and the seal of the
Village of Meridian shall be impressed
upon each one of them.
SEC. 7. The fac-simile signatures
of the chairman and village clerk
shall be Autographed or printed on the
coupons. s....
| SEC. s. tits further ordained by the
village board of trustees, that to pay
the interest on said bonds and to create
sinking fund sufficient to discharge
them at maturity, tax of affe saszesZx
4assL thirty cents tSsssOt on each one
hundred Dollars valuation of all tax
able property in said Village of Me-
ridian shall be levied annually on
said property and annually assessed
and collected until said bonds and
interest are paid, .apd 'eae~eaeil laIs1assa
tbs@sy cents ($a&s5i On the one hundred
dollars is hereby appropriated and set
aside to pay the interest and create a
sinking fund necessary for the cur
rent year and shall be so assessed and
collected and so applied, and said tax,
or so much thereof as may be neces,
sary, is hereby levied for each year
! hereafter while said bonds, or any
mum Der thereof, are outstanding, and
the same shall be annually assessed
and collected and applied for the pur'
pose named. And it is further or
dained, that, whereas, the board OF
village trustees met in special session
on March Goth, 1910, for the purpose
of receiving and opening bids or
4 water works bonds, it appearing thai
the bid of Otis & Hough, of Cleveland
Ohio, was the best and most accept,
able, it was ordered that Otis & Hougf
be awarded the contract as per terms
and conditions of bid submitted.
SECS. 1t is further ordained that
that the form and wording of said
bond shall be as follows:
1SyKTrSx, ysFSSazx EaSDS.-,-