Lincoln County times. (Jerome, Idaho) 1911-1919, 1912-02-08
Ordinance No. 80.

An ordinance providing for the issuing
of Municipal Coupon Bonds oi the Viii
lage of jerome, Idaho, for the purpose
of providing funds for the grading,
paving. construction and laying ont of
streets and alleys, for the purchase, inn
prOvement, equipment and mainten-
ance of lands for the Use of public
parks within the corporate limits; In
provide for the submitting of the ques-
ton of issuance of such bonds 10 a
vote of the qualified electors. who are
taxpayers of said Village; to provide
for the calling OF u special election
therefore, and designating provisions
made 10 pay interest thereon, and ere
ate sinking fund for the payment
thereof.
BE 1T ORDAINED by the Chairman and
Board OF Trustees of the Village of Je-
rome. Idaho:
SECTION |. That coupon bonds of said
Village OF Jerome, Idaho. be issued in
the amount OF Twelve Thousand (Sl2,-
OoO.OO) Dollars, the proceeds thereof To
be used for the purpose Of grading, paw
ing, construction and layingou OF streets
and alleys in said village.
SECTION ,. That coupon bonds of said
Village OF jerome, Idaho, be issued in
the amount of Three Thousand tS:iOun.-
used for the purchase, improvement,
equipment and maintenance of lands for
the use OF Public Parks, within the cor
porate limits OF the Village OF jerome,
Idaho.
SECTION 3. That said coupon bonds As
designated i'll section one hereof, be di-
vided in denominations of One Thousand
(SlOpO.OO) Dollars each, to be known
and numbered rs Numbers One (D,
Two t2), Three CD, Four a., Five (5),
Six 90, Seven ca, Eight (S), Nine CO.,
Ten (lO), Eleven I'D, Twelve tl2), To
be due and payable on the first day OF
January, 1882, and To bear interest at
rate not exceeding six $3.50 per centum
per annum.
Session 1. That said coupon bonds As
designated in section two hereof, be Ill
vided in denominations of One Thousand
(Sln0.OO) Dollars each, to be known
and numbered as Numbers Thirteen (l3)
Fourteen (l4) and Fifteen (l5). to Ice
due and payable on the first day OF
January, 1882, and to bear interest at
rate not exceeding six $50 per centum
per annum.
SECTION ). That the interest on all OF
said bonds be payable seIni-annually on
the first days OF January and July OF
each year, and he evidenced by coupons
attached thereto, one coupon for the
amount of each semi-annual installment
OF interest.
SECTION 8. That such bonds and in
terest coupons shall become due and pay
able AT the office of the Village Treasurer
or at such Banking House or Trust Com
pany, in the City of New York, as may
be designated 10y the Trustees OF said
Village, at the option OF the holder or
buyer thereof.
| SDCTIoN !. That such bonds shall be
redeemable at the pleasure of said Village,
at any time after ten (lO) years from
the date OF issuance, and each bond, if
redeemed, must he redeemed in the or
der it is numbered.
SECTION s. That for the purpose OF
payment of principal and interest on
all OF said bonds hereby authorized, there
shall be levied direct annual tax upon
all the taxable property in the Village OF
Jerome, Idaho, sufficient TO produce the
following sum for the following years,
to-wit:
For each of the years 1912 to 1882
both inclusive, the sum OF Nine Hun
dred (S9OO.OO) Dollars, or as much there
OF as may be necessary for the payment
of all interest on said bonds.
For each of the years 1912 to 1882
both inclusive, the sum of Seven Hun
bred Fifty (s75O.O0) Dollars to create
sinking fund with which to meet thu
principal of said bonds.
SECTION 9. That a special election o
the qualified electors, who are taxpayer
of the said Village OF jerome, Idaho
shall be, and the same is hereby ordere,
held on the It'll day OF March, 1912, a
the Town Hall, in said Village, at whicl
election the question of issuing bonds a
herein provided will be submitted, AM
notice thereof will be published for thir
t. 800 days in the North Side News an'
the Lincoln County Times, newspaper
published in said Village Of Jerome
Idaho.
Passed by the Chairman and Board O
Trustees OF the Village OF Jerome, Idaho
this 9TH day of February, 1912.
+. q. GAUSS,
Chairman Board OF Trustees
Attest: