The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1912-04-05

semi-annually on the first day of Jan
i, uary and July of each year, at the of
: flee of the village treasurer aforesaid
, or at the banking house of kountz
: Brothers in the City and State OF New
ork, at the option OF the holder upol
presentation and surrender of the an
nexed coupons as the same becom
, Severaliy que.
The said village reserves the right
however, to pay this bond at any tim
after the first day of January, 1922.
! This bond is issued for the purpos
of providing for the general improve
ment Of the streets and alleys of the
said village, under and by virtue OF
and in fun conformity with all of the
J provisions of chapter II of title 10 o.
the Revised Codes of the State of Ida
no, and the amendments thereof and OF
the constitution of the State of Idaho
and also under and by the authority
o, vote of the qualified electors who
were taxpayers of said village at ar
election legally called and duly held in
said village, prior to the issuance OF
this bond, at which election more than
two-thirds of all the legal votes cast
on the question We're in favor of the
issuance of this bond.
1t is hereby certified that all acts
and things required to be done and
conditions and things required to exist
precedent to and in the issuance of this
nond to render the same legal and val
id have been done and did exist in due
time, form and manner as is required
! by law and that the total debt of this
village, including that of this bond
does not exceed the statutory or any
constitutional limitation of the State Of
Idaho.
| In testimony whereof, the Village of
Basalt has caused this bond to be
signed by the chairman of the Board
of Trustees, attested by the village
clerk, and countersigned by the village
treasurer, and the seal of said village
affixed this first day of January, 1912.
Chairman of the Board of Trustees
Attest:
Village Clerk.
Countersigned
village treasurer
Village SeaD
Form of Coupon.
No....... $4,000
On the first day of ............ 49,.
the Village of Basalt, in the State of
Idaho, will pay to the bearer Thirty
dollars in lawful money of the United
States of America at the office of the
village treasurer, or the banking house
of Kountze Brothers. in the City and
State of New York, U. S. A., at the OPP
ton of the holder, being interest then
due on its municipal coupon bond
mo. a..~f r....
Village Treasurer.
Section 7. In case the issuance of
said bonds shall be approved by said
said bonds on July 1st 1912, and on
January LIST, 1913, shall be paid out of
the general fund of said village, and
FOR the purpose of reimbursing said
general fund for said two semi-annual
installments of interest, and to meet
the interest accruing on said bonds
July first, 1913, and January first, |
1914, there shall be levied in the
year 1913, on all the taxable property
in said village in addition to ali |
other taxes, direct annual tax suffic-
lent to produce the sum of ($240) Two |
Hundred and Forty Dollars that in
order to raise the necessary funds with |
which y ,,,,a =, to pay the interest due after
same accrues, there shall be levied on
all the taxable property in said VIII
lage, in addition to all other taxes a
direct annual tax in each of the years
1921, 1922, sufficient to produce the
sum of ($12O) One Hundred and Twenty
Dollars for the purpose of paying two
lnstallments of said interest; that in
which to pay the interest due after
January LIST, 1928, promptly and as the
same accrues, and to create a sinking
fund for the payment of the principal
Of said bonds, there shall be levied on
al the taxable property in said village
N addition to all other taxes, a direct
annual tax in each of the years 1928.
l924, 1925. 1925, 1927, 1928, 1929, 1880,
1881 and 1882 sufficient to produce the
sum of ($120) One Hundred and
twenty Dollars for the purpose Of pay
ng two installments OF said interest,
amounting to the sum of ($12V) one
hundred and Twenty Dollars, and to
produce the sum OF Two Thousand
hn ri II |
bonds, and IN the year 1882 sufficient :
20 produce the sum of $4,000 Two Hun
ired Dollars to pay the principal OF
'aid bonds; and said taxes, wnen so
purpose OF paying the interest ana
principal of said bonds, respectively,
ma FOR no other purpose whatever unto
ne Indebtedness so contracted under
ms ORDNANCE principal and interest,
mail have been fully paid satisfied
ind discharged
Section 8. 1t shall be the duty of
ne board of trustees of said village,
ma they are hereby required annually
It the time and in the manner pro-
'ided by law for the levying of other
'illage taxes, to ratify and carry ont
he provisions hereof with reference to
ne levy1ng Of taxes and requiring tne
' ulcers OF ana Tor said village to levy,
ne manner provided by law for
he purpose of creating fund
or the payment of the interest upon
ma the principal of said bonds and
he said taxes when so collected shall
re Kept for and applied only to the :
'ayment of said interest and principal
u said bonds as hereinbefore specified
Tut nothing herein contained shall be
o construed as to prevent said village
rom applying any other funds that II
nay be in the village treasury and
valuable for that purpose to the pay
aent of said interest and principal as
he same respectively mature, and the
evy or levies herein provided for may |
ereupon to hat extent be diminished H
M upon the payment of the principal Il
I any, of the bonds, issued hereunder
y said manner or by the use of the II
mixing fund herein provided for. the II
evy or levies herein provided for for
he payment Of interest may to the ex
ent OF the interest of the bonds so
aid, be diminished.
Section 8. This Ordinance shall take Il
fleet and be in force from and after
- passage, approval and due publica-
lon, and shall be irrepealable until the |
Indebtedness hereby created shall have
cen fully paid and satisfied.
md