Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1911-02-18
Ordinance Number 112.

a site and Rights-of- Way for pumping
and other purposes and the power
necessary for such pumping, the dig
ging or boring of suitable we'll or
wells for supplying water; the cree
ton of necessary stand-pipes or tanks,
the installation OF water mains and
branches, and for all other purposes
connected with the installation and
construction of a complete and ade-
quate system of water supply for the
said Village of Mountain Home; and
to provide for the collection of an
annual tax upon all the taxable prop
erty within the Village of Mountain
Home, Idaho, sufficient to pay the
interest ON such bonds, as it falls
due, and to create and constitute a
sinking fund for the payment of the
Principal thereof Within twenty years
from the time of the issuance of the
same as they become due.
BE IT ORDAINED BY THE CHAIR
MAN AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNTAIN
HOME, IDAHO.
Section 1.
That a Special Election of the quail
flied Electors, who are tax payers of
the Village of Mountain Home, Coun-
ty of Elmore, State of Idaho, shall be
held therein on Monday, March goth,
1911, for the purpose of submitting
to the said Electors the question of
the issuance, by said Village, of Mu-
nicipal Coupon Bonds i'm denomina-
tons of $500 or $1,000 each or both,
payable within twenty years from the
date Of the issuance, redeemable at
the pleasure of the said Village at any
time after ten years. bearing interest
at rate not to exceed six per cent
per annum, interest payable seminar
nually, in an amount i'm the aggregate
not to exceed the sum of Thirty Five
Thousand ($35, 000) Dollars and to
provide for the levy and collection
of an annual tax upon all the taxable
property in the Village of Mountain
Home, sufficient to pay the interest
upon said bonds as it falls due and
to create and constitute a sinking
fund for the payment at any time af
ter ten years, OF the Principal of said
bonds, as they become due, for the
following described purposes, to-wit:
FIRST Municipal Coupon Bonds to
be known as water Works Bonds,
to the amount of Thirty Five Thous-
and ($35, 000) Dollars, to provide the
funds necessary to pay the cost and
expenses of the installation and con-
struction of complete water works
system for the Village of Mountain
Home, and to purchase site and To-
cation for power house and water
power rights for the purpose of
pumping water or amy other power
machinery that MAJ be found necessa
ry, for the purchase of materials for
said works and improvements, and for
the construction of the same.
SECOND, Said bonds, if authorized,
to be issued by the vote of the quail
flied electors who are tax payers of
said Village, and shall be payable |
twenty years from the date of issue.
but shall be redeemable at the |
pleasure of said Village of Mountain |
Home, at any time after the expira-
ton of ten years from the date of
said issuance. Said bonds shall bear
interest at a rate not to exceed six |
per centum per annum, interest pay |
able semi annually, and shall in all
respects comply in form and issuance
with the provisions of Section 23l5 |
ded by the Session Laws of Idaho, |
1909, at Page TIA, and Sections 1916
to 1871 inclusive, of the Idaho Re-
vised Codes.
Section 2.
That i'm order to provide for the |
payment of the interest on said bonds
authorized to be issued at the cleo
ton herein provided for and to con-
stitute sinking fund, for the pay
ment of the principal thereof, at ma
turity, direct tax, in addition to all
other Village taxes, shall be levied |
and collected annually, on all the tax
able property within the Village of
Mountain Home, sufficient to meet |
the interest ON all such bonds as
may be issued, promptly as the same |
natures and also sufficient to estab-
lish and maintain a sinking fund,
which shall be sufficient to pay all |
bonds called in after the expiration I
of ten years and before the maturity /
thereof. and also to promptly meet
and pay the same.
Section 3.