The Parma herald. (Parma, Idaho) 1903-1917, 1912-03-07

-.
: the years 1921. 1922, 1928, 1924, 1925
f. 1926. 1927, 1923 and 1922, sufficient L
! lproduce the sum OF Ten Hundred ans
Forty ($l040) Dollars, for the purpos.
Of rayirg two installments OF said in
terest, amounting to the sim of Three
! Hundred and Ninety $500 Dollars
and to produce the sum OF Six Hun.
4 bred and Fifty (S650) Dollars, to pay
one tenth OF the principal OF said
bonds, and in the year 1880, sufficient
10 produce the sum Of Thirteen Hun
drcd $500 Dollars, for the purpose
1 OF faying the interest accruing Jan
nary lst 1881, July LIST, 1881 and
March LIST, 1852, amounting 10 the
sum Of Six Hundred and Fifty (S6sO)
| Dollars, and TO produce the sum OF
SIX Hundred and Fifty $500 Dollars
70 pay onc-tenth Of the principal Of
said bonds. and said taxes when so
solicited shall be applied solely 10
the purpose Of paying the interest and
principal Of said bonds respectively.
and for no other purpose whatever
until the Indebtedness so contracted
under this ordinarce--principa and
intercsf--shaIl have been fully paid.
satisfied and discharged.
Section n II shall be the duty OF
The board OF trustees Of said village.
and they arc hereby required annually
at the time and IN the manner prcyid-
Cd by law Tor the leyying OF other vii
lage taxes, 20 raiity and carry out the
provisions hereof with reference to
the lcvyinR OF taxes, and recurring the
officers Of and for said village TO levy.
extend and collect such taxes in ne
manner provided by law, for the pur-
pose OF creating sinking fund for
the payment OF the interest upon and
the PRINCIPAL Of said bonds. and the
SAID taxes when SO collected shall be
kept for and applied only TO the
amount Of said interest and principal
Of said bonds as hcreinbefore speci-
ned. bur nothing bercin contained
shall be so construed as TO prevent
said village frem applying any other
funds that may be IN the village treas
ury and available for that purpose, to
the. payment OF said interest and prin-
cipal rs the same respectively ma
turc. and the levy or Iesies herein
provided for may thereupon to that
extent be diminished, and upon the
payment Of the principal or any OF the |
bonds issued hereunder in said man
ncr, OF by the use OF the sinking fund
herein provided for, the levy or Ievies
provided for for the payment OF in
terest may to the extent OF the inter-
est Of the bonds SO paid be dimin-
ished
Section 10. In case the issuance of
said bonds 40 provide for the con.
itruction and laving out OF streets
shall be approved by said electors.
then by virtue of and in pursuance OF
chapter II. Of title IS. of the Revised
Codes OF Idaho and the amendments
thereto, there shall nc issued the mn
llcipal coupon bonds Of the village
u Parma in the amount OF $1,000. to
provide for the construction and Law
ng out Of streets That said bonds
vii be dated March LIST, 1912, and be
cdecmahic a. the option of the vii
age al any time after the expiration
" ten years from the date thereof.
nd shall be absolutely due and paw
HE March fst 1881 They shall con
st Of ciGht bonds in the denomina-
ion of Five Hundred Dollars each.
numbered corsecrtively from Ihirtv-
hree TO forty inclusive. The princi-
~ " diiu llltNlt9t on t1iu ponds snail
&c payable at the office Of the village
reasurer or at the Banking house OF
Sorutzc Brothers in the city Of New
FORK, al the ortion OF the holder
hey shall bear interest at the rate OF
* per cent per aunrm, PAYABLE semi y
HnualN on the srst day OF July and
he FIRST day Of January in each year
nd said interest shall he represented
y forty coupons attached 10 each
ond. each coupon representing a half
early interest on the bond to which
is attached. Said bonds shall he
lgrcd nv the chairman OF the board
{ trustees, atlested by the village
Jerk and countersigned by the vii
lge treasurer. and shall bear the seal =
{ said village, and the coupons there
attached shall bear the original or
ngrayed signature of the village
reasrrer
Seetiorl4l The said bonds and cou-
ons shall be in substantially the fol-
'wing form, to wit;
United States OF America.
tate OF Idaho. County OF Canyon.
Sttect Improvement
MUNICIPAL, COUPON BOND
or THE
:. VILLAGE OF PARMA,