Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1911-04-08
Ordinance No. 1l3.


er Supply for the Village of Noun
tain Home, Idaho, and providing for
the levy and collection of tax to
pay the interest and create sinking
Fund for the redemption OF said bonds
in accordance with the provisions of
Ordinance No. 49, and the vote OF
the electors, and also fixing and "a
dopting the form of bond to be used
for said issue ofMunicipal Bonds.
Be it ordained by the Chairman
and Board of Trustees of the Village
of Mountain Home, Idaho.
WHEREAS, at an election held for
the purpose ON Monday, March 10th,
1911, two-thirds majority OF the
qualified voters who are property
taxpayers OF the said Village OF
Mountain Home, Emcre County, Ida
no, voting at said election sustained
the proposition hereinafter describes
by a vote of NINETY-T THREE for the
issuance of said bonds, to a vote of
TWENTY EIGHT against the issu-
ance of said bonds, it lis therefore or
dained:
SECTION l, THAT there shall be
issued by the Village of Mountain
Home, Idaho, the bonds of said Viii
lage to be called water Works
Bonds" for the purpose of borrow
ing money upon the credit of said
Village, such money to be used i'm
the installation and construction OF
a complete system Of water supply
within the Village of Mountain Home,
Idaho.
SECTION 2. Said bonds shall be
numbered consecutively from 1 to IS
inclusive, and shall be OF the denom-
ination of Five Hundred ($500) Dol
lars and One Thousand $4,000 Dol
lars, both or each. aggregating
sum of Thirty-five Thousand ($35 ,OOO)
Dollars, and shall be payable i'm law
full money of the Uuited States OF
America.
Section 3. Said bonds shall be
dated the First day Of April, A. D.,
1911, and shall become due and pay
able twenty years from date, but the
right is expressly reserved by the
Village of Mountain Home to redeem
said bonds, or any number thereof, at
any time after ten years from their
date.
Section 4. Said bonds shall bear
interest from their date, at the rate
of six per cent per annum, the i'm
terest payable semiannually on the
First day of January and the First
day of July of each year, according
to the term of the interest coupons
thereto attached.
Section 5. Principal and interest of
said bonds shall be payable on pre-
sentation of said bond or proper cou-
pom, at the office of the Village Treas
urer of Mountain Home, Idaho, or at tn
Chase National Bank of New York
City, N. Y. at the option OF the
holder.
Section 6. Said bonds shall be
signed by the Chairman and counter
signed by the Clerk, and registered
by the Village Treasurer, and the seal
of the Village of Mountain Home shall
be impressed upon each one of them.
Section 7. The fac-simile sigma
ture of the Chairman and the Village
Clerk shall be Autographed or print
ed on the coupons.
Section s. 1t lis further ordained
by the Village Board of Trustees,
that to pay the interest ON said
bonds and create a sinking fund
sufficient to discharge them at ma
turity a tax of Thirty cents ($.3Oc.)
ON each One Hundred Dollars valua-
ton of all taxable property dun said
Village of Mountain Home shall be
levied annually on said property and
annually assessed and collected until
said bonds and interest are paid, and
Thirty cents ($.30c.) ON the One
Hundred Dollars is hereby appropr1a-
ted and set aside to pay the interest
and create sinking fund necessary
for the current year, and shall be so
assessed and collected and so ap-
piled, and said tax, or SO much there
of as may be necessary, is hereby lev
led for each year hereafter while
said bonds, or any number thereof,
are outstanding, and the same shall
be annually assessed and collected and
applied for the purpose named
Section 8. 1t is further ordained
that the form and wording of said
bonds shall be as follows
Water Works Bonds.
The Village OF Mountain Home, in
the County of Elmore, a municipal
cornoration dulv incOrnorltp cd under