Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1912-06-20

WHEREAS, at special election held
in the Village of Orofino, on the 23rd
day OF April, 1912, for the purpose of
submitting to the qualified electors of
said Village who are taxpayers therein,
the question OF authorizing said Village
to issue its negotiable coupon bonds to
the amount of Twenty Thousand Dol
lars for the purpose stated in Ordi-
nance No. 63, of said Village, in accord
ance with law and pursuant to due and
legal notice, such qualified electors did,
by vote of rs ballots sin favor of issu-
ing bonds to the amount OF Twenty
Thousand Dollars for the purpose
stated in Ordinance No. 63," and 5
votes against issuing bonds to the
amount Of Twenty Thousand Dollars
for the purpose stated in Ordinance No.
g." carry in the affirmative, by more
than two-thirds of the votes cast at said
election, the question of contracting a
bonded debt, by this Village, in the sum
of Twenty Thousand Dollars, for the
purpose of purchasing, charging, i'm
proving, extending, constructing and
maintaining OF necessary water works
within and for said Village of Orofino,
and supplying the same with water;
WHEREAS, this board desires, as di-
rected by law, to issue the bonds of
this Village in conformity with said
vote, for the purpose aforesaid: Now,
therefore,
BE IT ORDAINED BY THE CHAIRMAN
AND THE BOARD OF TRUSTEES
OF THE VILLAGE OF OROFINO:
Section l. That by virtue of and in
pursuance Of Chapter II, of title 10, of
the Political Code of Idaho (as amended
by Laws of 1909, page ia, and as fur
Their amended by Laws of 1911, Chap
ter 3O), there shall be issued the NUM-
cipal coupon bonds OF the Village of
Orofino, in the amount of Twenty
Thousand Dollars, to provide for the
purchasing, charging, improving, eX-
tending, constructing and maintaining
of necessary water works within and
for said Village OF Orofino, and supply
ing the same with water; that said
bonds shall be dated July LIST, 1912, and
be redeemable at the option of the
said Village at any time after the eXpir-
alton of ten years from the date there
of, and shall be absolutely due and
payable on the LIST day Of July, 1882;
that there shall be twenty of said bonds,
in the sum of One Thousand Dollars
$1,000. OO) each, numbered from one to
twenty, inclusive; that the principal
and interest OF said bonds shall be pay
able at the office of the Village Treas
urer or at the Chemical National Bank
in the City OF New York, U. S. A., at
the option of the holder; that said
bonds shall bear interest at the rate OF
six (6) per cent per annum, payable
semi-annually, on the first day OF Janu-
airy and the first day OF July in each
year, and said interest shall be repre-
scented by forty coupons attached to
each bond, each coupon representing
n half-yearly payment OF interest OH the
bond to which ii is attached; that said
of the Board of Trustees, attested by
the Village Clerk and countersigned by
the Village Treasurer, and shall bear
the seal Of said Village, and the cou-
pons thereto attached shall bear the
original or engraved signature OF the
Village Treasurer.
Section 2. That said bonds and cou
pons shall be substantially as follows,
to-wit:
Form Of Bond
UNITED STATES OF AMERICA
STATE OF IDAHO. COUNTY OF CLEARWATER
Municipal Coupon Bond
of the
Village Of Orofino
No. 100000
KNOW ALL MEN BY THESE PRES
ENTS: That the Village OF Orofino, in
the County of Clearwater and State OF
Idaho, forvalue received, acknowledges
itself indebted and hereby promises to