Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1911-06-17
ORDINANCE NO. 118.

tharty-five thousand ($35,000) dollars
Tor the purpose of Installing and coal-
sqructing a complete system of water
supply for the Village of Mountain
Home, Idaho, and providing for the
levy and collection Of tax to nav
the interest and create a sinking
fund for the redemption of said
bonds, in accordance with the proyis-
Ions OF Ordinance No 112, and the
vote OF the electors, and also fixing
and adopting the form of bond to be
used for said issue of municipal
bonds" and repeating said section
Nine.
BE 1T ORDAINED by the Chair.
man and Board of Trustees of the
Vnllage of Mountain Home. Idaho.
Section |. Section Nine of Ordi-
nance No. l13, entitled:
Am Ordinance authorizing the is
saance of bonds i'm the sum of thirty-
five thousand ($35,00O) dollars for
the purpose of installing and CON
structing a complete system of water
supply for the Village of Mountain
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 112, and the vote Of
the electors, and also fixing and a.
dopting the form of bond to be used
Tor said issue of Municipal bonds" is
hereby amended to read as follows:
Section 8. 1t is further ordained
that the form and wording of said
bond shall read as follows:
UNITED STATES OF AMERICA.
STATE OF IDAHO. COUNTY OF Ell
MORE. ~
MUNICIPAL COUPON BOND OF
THE VILLAGE OF NOUN
lain HOME.
NO. ...... 100000
The Village CT Mountain Home, in
ne county Of Gilmore, a munich
corporation Stuay incorporated lrftc N
the laws Of the state OF Idaho, for
value received, hereby promises to
pay to the bearer twenty years from
The date hereof, at the office of the
Village Treasurer of the Village of
Mountain Home, or at the Chase
National Bank of New York, N. Y. |
at the option OF the holder the sum
of One Thousand dollars ($1000) i'm |
lawful money of the United States |
of America, together with interest
thereon from the date hereof at the |
rate of six per cent per annum, inter |
est payable semi-annually ON the |
,lrst day of January and the first |
Lay of July of each year, upon pre-
and surrender of the prop
sr coupon at the office Of the VIII
age Treasurer of the Village of |
Mountain Home, or at the Chass
National Bank OF New York, N. Y. at
he option of the holder.
The Village of Mountain Home
hereby reserves the right to redeem
his bond at any time after ten years
rom it's date by paying principal and
lccrued interest, and la case the
anne shall be called ln for redemp-
lon before maturity, notice thereof
n writing shah be given to the own.
n of the same by the Village Treas
lror of the Village of Mountain
Home at least thirty days before the
late fixed for its redemption, and
hCuld this bond not be pre-
ented for redemption the same
hall cease to bear interest from and
ticr the date so fixed for redomp-
ioa.
This bcId is issued for the pur-
'cse ol providing for the construction
nd maintenance of necessary water
-lks for said village and supplying
he same with water, by virtue CT and
n fall ccnfornity and compliance With
he provisions OF chapter IL of title
3 CT the Revised Codes OF the state
I Idaho, and the amendms nts there
(, and OF the constitution of the state
1 Idaho, and also by authority of a
ote OF the qualified electors who
'ere taxpaycrs Of said village at an
lection legally called and duly held
A said village prior to the issuance
I this boud, at which election more
han two-thirds of all the legal votes
at on the question were In favor
the issuance of this bond
1t is hereby certified that all acts
I'd things r2qqiGed 10 be done and
ond4,fnB ard things required to ex-
a Frecedf ut to and In the issuance
I thts lord 10 render the same le-
al and valid Lave been done ard did
xist i'm due lime. form ana Hlaun,G l..
Q required BY law and that she total II
4 4I. 1. "a |