Lincoln County times. (Jerome, Idaho) 1911-1919, 1911-11-02
Ordinance No. 81.


pal Coupon Bonds of the Village of
Jerome, Idaho, to the amount of Ten
Thousand ($10,0 00) Dollars, hereto
fore authorized by ordinance No. 81 of
the ordinances of said village, duly
passed by the Chairman and Board of
Trustees on August 18th, A. ID. 1911,
and duly ratified by more than two
thirds of the qualified taxpaying cleo
tors of said village voting at an cleo
ton held therein on October End, 1911 );
prescribing the form of bonds and OF
the interest coupons to be attached
thereto; providing for the levy of a
direct annual tax sufficient to pay the
interest on said bonds when due and
to constitute a sinking fund for the
payment of the principal thereof at
maturity; and fixing the other details
of this issue.
WHEREAS, at regular meeting duly
held on the 29th day of August, A. D.
1911, the Chairman and Board of Trus-
tees of the Village of Jerome, Lincoln
County, Idaho, duly passed ordinance
number 80, entitled: '.An ordinance
providing for the issuing of Municipal
Coupon bonds, of the Village of Jerome,
Idaho, for the purpose of providing
funds for the improvement, equipment
and maintenance of lands for the use of
public parks, within the corporate limits;
for the purchase and redemption of out
standing Indebtedness: to provide for
the grading, paving, construction and
laying out of streets and alleys; to pro-
vide for the submitting the question of
issuance of such bonds to vote of the
qualified electors who are taxpayers of
said village; to provide for the calling
of special election therefore, and des-
ignating provisions made to pay the in
terest thereon, and create a sinking
fund for the payment thereof.
WHEREAS, pursuant to said ordinance
an election was duly called and held in
said village on October End, A. d. 1911,
pursuant to thirty days published notice,
and in all respects in strict conformity
with law, at which election more than
two-thirds of the qualified taxpaying
electors of said village voting thereat,
voted in favor of issuance of the nego-
table municipal coupon bonds of said
village to the aggregate amount of Ten
Thousand $50, Dollars, for the pur
pose in said ordinance number 80 stated;
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WHEREAS, notice has been duly given
by the Chairman and Board of trustees
of said village, by publication in four
issues thereof in the two weekly news
papers published and of general circu-
lation in said village, of their intention
to issue and negotiate the bonds herein
above mentioned, and inviting bids
therefor; and pursuant to said notice
said bonds have by the Chairman and
Boord of Trustees of said village been
duly sold and awarded to ]. S. & w. S.
Kuhn, of the City of Pittsburgh, Penn
sylvania, they being the highest and
best bidders therefor, at the price of
par and accrued interest to the date of
delivery and
WHEREAS, it is now deemed advisable
and necessary by way of carrying out
the provisions of said ordinance number
80, to provide for the execution and is
suance of the bonds aforesaid, to pro-
vide the forms of said bonds and the in
terest coupons to be thereto attached,
and to fix the other details of the issue;
Now, Therefore,
Be it ordained by the Chairman and
Board of Trustees of the Village of
Jerome, Idaho:
Section l. That for the purpose of
providing the necessary funds for the
improvement, equipment and mainten-
ance of lands, for the use of public
parks within the corporate limits; for
the purchase and redemption of out
standing Indebtedness; to provide for
the grading, paving, construction and
laying out of streets and alleys, there
shall be and there are hereby ordered
and directed to be executed and issued
the negotiatiable coupon bonds of said
village to an amount aggregating the
principal sum of TenThousand $50, 000)
Dollars, pursuant to ordinance number
80 of the ordinances of said village
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the assent of more than thirds of
the qualified taxpaying electors of said
village as mentioned in the preamble
hereof.
Said bonds shall be designated EMU
nicipal Coupon Bonds of The Village of
jerome, Idaho;" shall be ten 10) in
number, numbered from l to 10, both
inclusive, of the denomination of 81 900
each; shall bear date of July 1st, A. D.
1911, and shall become due and payable
twenty years from date, but shall be
redeemable at the pleasure of said viii
lage at any time after the expiration
of ten years from their date in the or
der in which they are numbered; shall
bear interest from and after their date
until paid at the rate of six (6per cent?
per centum per annum, payable semi
annually on the first day of January
ana July OF eacn year, winch INSTALL
ments of interest to date of maturity
of principal shall be evidenced by ap-
propriate coupons attached to each
bond; and both the principal of and in
terest on said bonds shall be payable in
lawful money of the United States of
America at the Office of the village
treasurer in said Village of Jerome, or
at the option of the holder of said bonds
and coupons, at the Trust Company of
America, in the city and state of New
York.
Section 2. That each of said bonds
and each of the interest coupons there
to attached shall be in substantially the
following forms, respectively, to-wit:
(Form of Bond.)
UNITED STATES OF AMERICA
STATE OF IDAHO COUNTY OF LINCOLN
No.-- $1,000
Know All Men by These Presents:
That the. Village of Jerome, in the
County of Lincoln and State of Idaho. |
municipal corporation duly organized