Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1913-10-18
ORDINANCE NO. 1888.


THE CALLING AND HOLDING OF
AN ELECTION IN THE VILLAGE
OF MOUNTAIN HOME, ELMORE
COUNTY, STATE OF IDAHO, FOR
THE PURPOSE OF AUTHORIZING
THE ISSUANCE OF FORTY
THUSAND DOLLARS ($4O, 0OO)
NEGOTIABLE COUPON BONDS
OF SAID VILLAGE. TO BE USED
FOR THE PURPOSE OF CON-
STRUGGLING A SYSTEM OF
SEWERS IN AND FOR SAID VIII
LACE AND FIXING CERTAIN DE-
TAILS RELATING THERETO.
Section /. BE 1T ORDAINED
BY THE CHAIRMAN AND BOARD
OF TRUSTEES OF THE VILLAGE
OF MOUNTAIN HOME, GILMORE
COUNTY. IDAHO, that it is deemed
advisable to issue the negotiable
coupon bonds of said Village Of
Mountain Home, In the amount
of Forty Thousand Dollars 100000,
or the purpose of providing funds
for the construction and maintenance
Of system Of sewers in and for the
Use and benefit OF the inhabitants
II said village Of Mountain Home.
Idaho.
Section 2. That the bonds pro-
posed to be issued shall bear interest
at the rate Of six per centum (6 per
cent? per annum, payable seminar
lually on the first day Of January
Ind of July in each yer, and the
principal of said bonds shall be made
payable twenty (20) years from the
date OF their issuance; provided.
however, that such bonds shall con-
tain provision making them redeemabld
at the pleasure Of the Village at any
time after the expiration Of ten (10)
years from the date Of their issuance
to be redeemed in the order Of their
number.
Seton 3. That In order to make
provision for the payment of the
principal and interest of said bonds,
it is proposed that II at the election
called by this ordinance the qualified
electors who are taxpayers shall vote
in favor of issuing bonds, the Board
of Trustees Of said Village shall levy
an annual tax during the period OF
twenty (20) years that the said bonds
are to run; that is to say in each of
the years 1918 to 1882, both inclusive,
sufficient to pay the accruing interest
on the outstanding bonds, and In ad-
dition thereto In each Of the years
1918 to 1922, both inclusive, az shall
annually raise two thousand dollars
$4,000, and in each Of the years
1923 to 1882, both inclusive, as shall
annually raise three thousand dollars
$4,000 as a sinking fund to pay the
bonds at maturity.
Section 4. That an election Of the
Qualified electors, who are taxpayers
of said village Is hereby ordered to
be held, and If at such election held
as provided for in this ordinance, two
thirds (2-3rds) of the qualified cleo
tors who are taxpayers in said village,
voting at such election assent to the
issuing Of such bonds and the in
curing of the indebtedness thereby
created for the purpose aforesaid,
such bonds for such purpose will be
ssued in the manner and form here
natter by ordinance to be provided.
Section s. That the village clerk
s hereby authorized and directed
o give thirty $500 days notice
~ publication In the Gilmore
county Republican, weekly news
'aper of general circulation printed {
md published in said village, of the
late set for the holding of such e. 6
ection, which date Is hereby fixed {
or the 2lst day Of October, A. D.
9l3. and the place Of holding said I
lection shall be the County Court =
House. IA
Section 6. That the election notice =
hat shall be given shall be substan-
tally as follows: Ia
NOTICE OF ELECTION
NOTICE IS HEREBY GIVEN to tho a
Qualified electors who are taxpayers 3
1 the village Of Mountain Home Ell.
more County. Idaho, that an election c
las been called and will be duly held G
n the Village Of Mountain Home, on Il
he 21st day Of October, A. d. 1918, II
or the purpose Of submitting to the q
ualified electors OF said Village who X
re taxpayers, the question of au-
the chairman and Board Of II
'rustees Of said Village, to issue r.
'orty Thousand Dollars ($4O, OOO) me- k