The Richfield recorder. (Richfield, Idaho) 1909-1931, 1912-12-26

way District, Lincoln County, State OF
Idaho. convened in regular session this
day:
That Richield Highway District,
Lincoln County, Idaho, issue negoti.
able coupon bonds for the total amount
of $50, 900. 90 to bear interest at the rate
not to exceed SIX per cen per annum,
interest to be payable semi-annually.
Said bonds to be issued for the pur-
pose of constructing, improving and
repairing any of the highways within
the said Richfeld Highway District,
and for the purpose of purchasing
materials and machinery therefor, and
for the necessary expenses of the
District. in connection Herewith.
That said bonds be issued in denomi-
nations of not more than one
thousand and not less than one hundred
dollars each, as the Highway Board
may determine.
That said bonds shall be made pay
able within twenty years from the date
of issue thereof, and shall be redeem
able at the pleasure of the said High
way District at any time after the
expiration of ten years from the date
of the issuance thereof.
That said bonds shall be made payable
at some bank in R~ichfeld, Idaho, or at
such place as the Board of Highway
Commissioners of said District may
designate.
Be it further resolved that to provide
for the payment of interest on said
bonds there shall be levied on all the
taxable property in said District in
sufficient to pay the interest on all
said bonds disposed Of, and that to
provide a sinking fund for the payment
of the principal of said bonds there
shall be levied annually on all taxable
property within said District, after
said bonds have been issued fora period
of ten years, and in addition to all
other taxes, a sufficient tax to pay one
tenth of the principal of said bonds.
All of such tax to be levied, assessed
and collected as other District taxes
until the bonds so issued are fully paid
including the interest thereon. The
proceeds to be derived from said taxes
to be used exclusively for the purpose
for which it was levied.
Be it further resolved that for the
purpose of voting on the question as to
whether assent shall be given for the
issuing of said bonds to the amount 0
$50, 900. 90 and the mourning Of the in
d~ebtedness thereby created, for the pur-
poses aforesaid, there shall be held an
election of the qualified voters of Rich
field Highway District on Saturday,
December %, 1912, Of which notice in
general terms shall be given by publ
cation for a period of time to be not
less than ten days prior to said election
the Richfield Recorder, a weekly
newspaper published at Richfeld,
Idaho.
The voting at said election to be by
ballot and the ballots issued shall be
substantially as follows: IN favor o is-
suing bonds to the amount of $50, 000.C &C
or the purpose stated in resolution OF
December Z, 1922" and against
bonds to the amount of $780,,
100. 90 for the purpose stated in reso-
uti, n of December z. 1922.
Said election to be conducted as !
Yearly as practicable in accordance with
he general laws of the State.
The polls shall open at 800 O'Clock n
he morning and shall remain open
ntil 700 in the evening Of the same
ay.
That there shall be one voting pre-
met within the said Highway District
or the purpose of voting on the props
itions herein described. Said voting
recinct shall embrace the entire Rich
ED Highway District and be described
follows:
Beginning at the Southeast corner of
&c. /, T. 5 s., R. 10 E. B. M. thence
orth two miles to the northwest cor
er of Sec. 81, T. 4 S., R. 20 E.. thence
asst 6 miles to the southeast corner 0
&c. rs. T. a s., R. 20 E.; thence nortl
even miles to the northeast corner. OF
&c. l, T. 3 s., R. 20 E.; thence west
ga miles, more or less, on the line
,tween Blaine and Lincoln counties,
the intersection of said county line
it'll the Big Wood river; thence south
ly along and following the channel O.
id Big Wood river to a point on the
est line of Sec. %, T. 4 s., r. IS E., "
nich point is the intersection Of the u