Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1911-04-01

er Supply for the Village a Noun
tain Home. Idaho, and providing for
the levy and collection Of tax to
pay the interest and create a sinking
Fund for the redemption of said bonds
in accordance with the provisions Of
Ordinance No. 112, and the vote Of
the electors, and Also mixing and a.
dopting the form OF bond to be used
for said issue ofMunicipal Bonds.
Be 1t ordained by the Chairman
and Board OF Trustees Of the Village
of Mountain Home, Idaho.
WHEREAS, at am election held for
the purpose on Monday. March goth,
1911, a two-thdrds majority OF the
qualified voters who are property
tax payers OF the said Village of
Mountain Home. Elmcre County, Ida
no, voting at said election sustained
the proposition hereinafter described,
by vote OF NINETY-THREE Tor the
issuance OF said bonds, to vote OF
TWENTY EIGHT against the tssu-
ance of said bonds, 1t lis therefore or
dained:
SECTION l, THAT there shah be
issued by the Village OF Mountain
Home, Idaho, the bonds OF said Viii
hge to be called Water Works
Bonds" for the purpose OF borrow
ing money upon the credit OF said
Village, such money to be used in
the installation and construction Of
complete system Of water supply
within the Village OF Mountain Home.
Idaho.
SECTION 2. Said bonds Shal be
numbered consecutdvely from l to IS
Inclusive, and shall be Of the denom-
ination Of Five Hundred ($50O) Doh
lars and One Thousand $4,000 Dol
lars, both Or each. aggregating
sum OF Thirty-five Thousand 1886, 00O)
Dollars, and shall be payable in law
full money OF the Uuited States Of
America.
Section 8. Said bonds shall be
dated the First day Of April, A. D.,
1911. and shall become due and pay
able twenty years from date. but the
right Is expressly reserved by the
| Village of Mountain Home to redeem
said bonds. or any number thereof, at
any time after ten years from their
date.
Section f. Said bonds shall bear
interest from their date, at the rate
Of six per cent per annum, the In
terest payable semiannuany on the
First day of January and the First
day of July Of each year, according
to the term OF the interest coupons
thereto attached.
Section 5. Principal and interest OF
said bonds shall be payable on pre-
sentation of said bond or proper cou-
pom, at the office of the Vintage Treas
uer Of Mountain Home. Idaho. or at the
Chase National Bank Of New York
City, N. Y. at the option Of the
holder.
Section 6. Said bonds shall be
signed by the Chairman and counter
signed by the Clerk, and registered
by the Village Treasurer. and the seal
of the Village of Mountain Home shall
be impressed upon each one OF them.
Section Z. The facsimile sigma
ture of the Chairman and the Village
Clerk shall be autographed or print
ed on the coupons.
| Section 8. 1t ds further ordained
by the Village Board OF Trustees.
that to pay the interest ON said
bonds and create q sinking fund
sufficient to discharge them at ma
turity, tax Of Thirty cents ($.3Oc.)
ON each One Hundred Dollars valuar
tion of ALI taxable property dn 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 " hereby approprda.
ted and set aside to pay the interest
and create asinking fund necessary
for the current year. and shah be SO
assessed and collected and 50 ap'
Piled and said tax, or SO much there.
of as may be necessary. 10 hereby lev
led for each year hereafter while
said bonds, or amy number thereof,
are outstanding. and the same shall
be annually ssessed nd collected and
applied for the purpose named.
Section 9. 1t il 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. municipal