The Meridian times. (Meridian, Idaho) 1909-1938, 1912-02-23
ORDINANCE NO. 43.
By w. Al. Palmer

Village board Of Trustees and
approved by the Chairman of the
Board on the 29th day of November
1911, entitled "An Ordinanceauth-
orizing the issuance of bonds in
the sum of Ten Thousand
$4,000 dollars. for the purpose
OF paying off outstanding indebt-
edness of the Village of Meridian
and improvement of streets within
the Village of Meridian, and pro-
viding for the levy and collection
of tax to pay the interest and
create sinking fund for the re-
demption of said bonds in ac-
cordance with the provisions Of
Ordinance No. Al, and the vote of
the electors and also fixing and
adopting the form of bond to be
used for said issue of Munici pal
Coupon Bonds"
Be it ordained by the Chairman
and Board of Trustees of the Viii
lage of Meridian, Idaho.
Section /. That Section seven
(7) of Ordinance No. AZ is hereby
amended 80 as to read: Section 7.
The coupons representing the in
terest to become due on said bonds
shall be signed by the Village
Treasurer.
Section ii. That Section (9)
nine of Ordinance No. AZ is hereby
amended 80 as to read: Section
9. 1t is further ordained that the
form and wording of said bonds
shall be as follows:
VILLAGE IMPROVEMENT BOND.
The Village of Meridian, in the
County of Ada. municipal cor
poration duly incorporated under
the laws of the State of Idaho, for
value received, hereby promise to
pay to John Nuveen & Company,
or bearer twenty years from date
hereof, at the office of the Village
Treasurer of the Village of Mer-
idian, or at the Seaboard National
Bank of New York City, New York,
at the option of the holder, the
sum of One Thousand ($1,OOO)
dollars in lawful money of the
United States of America, to-
gether with interest thereon from
the date hereof at the rate of six
per cent per annum, interest pay
able semi-annually on the first
day of January and the first day
July of each year on presentation
and surrender of the proper cou-
pom at the Office of the Village
Treasurer of the Village of Mer-
idian or at the Seaboard National
Bank of New York City at the
option of the holder.
The Village of Meridian hereby
reserves the right to redeem this
bond at any time after ten years
from its date by paying principal
and accrued interest, and ia case
the same shall be called in for re-
demption before maturity, notice
thereof in writing shall be given
to the owner of the same by the
Village Treasurer of the Villaga of
Meridian at least sixty days be-
fore the date fixed for redempt-
ion, and should this bond not be
presented for redemption the
same shall cease to bear interest
from and after the date SO fixed
for redemption. --s
This bond is one of series of
ten bonds of like date, tenor and
amount numbered consecutiveIy
from one to ten inclusive, aggre-
eating the sum of Ten Thousand
($10,00O) dollars issued for the
purpose of paying off and liquida-
ting a balance due on the install
lation of the Water Works System
of the Village of Meridian, in the
sum of Six Thousand ($6,00O)
Dollars, and also Four Thousand
$4,000 dollars which shall be
expended in constructing Gem ent
crossings and otherwise improving
the streets of the said Village of
Meridian. Idaho, under and by
virtue of Chapter II, Title l3,
Idaho Revised Codes, 1908, and
all acts amendatOry thereof and
supplementary thereto; also under
authouity of a two-thirds vote of
the qualified electors who are tax
payers in said Village, voting at
an election legally called and held
for that purpose on October 17th,
1911, and in pursuance of Or.
dinance Nos. Al and AZ as
amended by Ordinance No. 43,
passed by the Board of Trustees
of said Village.
IT is HEREBY CERTIFIED AND
REc1TED, that all acts, conditions
and things required to be done
precedent to and in the issuance
of this boEd. have been properly
done, happened and performed in