The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1910-09-01
OkDINANCE NO. 81.

L
! tin ais Tor the purpose of suhn,it
ehs 70 the qualified electors Nh a,'o
sS'A payers thereof, the ouestio, - ~ ~, :
said 80 " municipal coupon bonds of
for tha ,a -, ene TOTAL amount of $50, 900.
so D' az iolloWlng purposes, to-wit
a, y'o,VVV'VV 70 provide for the eurhino
er lu pasihs OF streets and alleys al the
mss Mss intersections within Local In. :
pisS ~ et District No. Z
,o g'1VVo Tor the purpose of providing
ieo.ssssary public improvements con,
sissihg OF walks, cross walks bride
80 Gnu eulVerts on the streets and allavs
~, gig,voo 70 provide for the purchase Of
9 ~. ana necessary apparatus far
s te IRE department of said CITY and
we maintenance of same.
anu 10 provide for the collection of
an annual tax upon all the taxahla
eeloperty IN the City of Twin Falls suf-
iiclent to pay the interest IN said
pohds as 1t falls due, and to create a
sinking fund for the payment Of the
~ aiielpal thereof, within 20 years after
tii uate OF the issuance of same. al
they become due.
ne u ordained by the Mayor and
no: ~ diis, loa'
Section 1. A special election Of the
luallned electors who are taxnavers
Shefeof Of the City of Twin Falls. Ida
ao, snail be held on Tuesday the Doth
uay OF September, 1910, for the mr.
pose OF submitting to the said electors
tne question of the issuance by said
city, OF It's municipal coupon bonds in
tle denomination of 100000 as near
az practlcable, payable within 20 years
iioil ehe date of issuance, redeemable
81 the pleasure of said city at any time
alter the expiration of 10 years. bear
ing interest at rate not to exceed six
per cent per annum, interest pavab1e
seihi-annually, in the aggregate not TO
eAceeu the sum OF $50,00000, and to
provide for the levying and collecting
Vi an annual tax upon all taxable prop
erty IN the said city of Twin Falls suf-
iiclent TO pay the interest on said bonds
as IL rails due, and to create and con-
stltute sinking fund for the payment
at any time after ten years from the
GATE thereof, of the principal of said
ponds as they respectively become due.
Tor the following purposes, to-wit:
First. Municipal coupon bonds to
the amount of S33,000.O0 to be desie-
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
lhat 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
pfovement District No. 7, as provided
III and by ordinance No. so of said city.
Second. Municipal coupon bonds to
the amount of $1,000 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 scoupon bonds to
the amount of $4,000 to be designated
City 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
Of tbo nx-t,irntin,, nf frT
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 seni-annually, |
and shall in all respects comply in |
form and issuance with the provisions |
of chapter y. entitled Municipal I'M
provement Bonds" Political Code VOL |
l., of the Revised Codes of Idaho, APP
proved at the 10th session of the legis-
lature of the State Of Idaho in the
year 1909, ard amendment of section |
2S15 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,
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 TO
time, promptly as the same mature,
and also sufficient to establish and
maintain a 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
in said city of Twin Fails,
and having a general circulation there
in, and said election shall be conducted
in accordance with the ordinance OF
said city. and the laws of the state OF
HI II