Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1913-03-29
ORDINANCE NO. Ia

HOME, COUNTY OEt ELMOHE
STATE OF IDAHO. FOR THE PUR-
POSE OF SUBMITTING To THE
QUALIFIED ELECTORS WHO ARE
TAX PAYERS, THEREOF THE
QUESTION OF THE ISSUANCE OF
MUNICIPAL COUPON BONDS OF
SAID VIELAGE IN THE TOTAL
AMOUNT OF FIVE THOUS
AND DOLLARS. FOR THE PUR-
POSE. TO-WIT;
TO PROVIDE THE FUNDS NE
CESSARY TO PAY THE COSTS OF
THE LAYING, CONSTRUCTING,
EQUIPMENT AND MAINTENANCE
sOF A COMPLETE SYSTEM or
SEWERS AND, DRAINS FOR THE
SAID VILLAGE OF MOUNTAIN
HOME, AND FOR PURCHASING A
SITE AND RIGHT OF WAY FOR
ESEWAGEa DISPOSAL AND OTHER
PURPOSES AND THE, INSTAILA
|TION OF SEWER, MAINS, AND,
BRANCHES AND MANHOLES, AND
FOR ALL OTHER PURPOSES CON.
INJECTED WITH THE INSTAII4A.
STION AND CONSTRUCTIONS OF A.
|COMPLETE, AND ADEQUATE SEW,
FER AND DRAINAGE SYSTEM FOR
THE SAID VILLAGE OF MOUNT
lain HOME; ANDTOA PROVIDE FOR
1.-THE, COLLECTION OF AN ANNUAL
TAX UPON ALL. TAXABLE PRO-
lPERTY. WITHIN THE VILLAGE OF
MOUNTAIN HOME, IDAHO. SUFFI-
lCIENTs TO PAY THE INTEREST
ION SUCH BONDS. AS. 1T FALLS
DUE, AND TO CREATE AND, CON.
SMTUTE A SINKING FUND FOR
THE PAYMENT OF THE rRINCI-
PAL THEREFOR WITHIN TWENTY,
YEARS FROM THE TIME OE THE
4 ISSUANCE OF THE SAME AS
THEY BECOME DUE M
Be IT. ORDAINED BF THE
4 CHAIRMAN AND. THE BOARD. OF
! TRUSTEES OF THE VILLAGE OF
4 MOUNTAIN HOME. IDAHO:
Section I. That election Of the
qualified electors who are tax pay.
ers Of the Village Of Mountain. Home.
4 county Of Elm0res state Of Idaho,
shall. be. held, therein, on Tuesday,
April |, 1913, for the purpose Of sub
4 hitting to the said electors the Ques-
\ tion Of the issuance ny said Village
Of municipal coupon bonds In denom-
I inationaa Of $500 Or $1,000 eachs or
both. payable, within twenty years
4 from the date Of the issuance, re-
4 deemable at the pleasure OF the said
village at any time after ten years,
bearing interest at the rata not to
exceed six per cent per annum, In
terest payable semi-annually, in an
amount in the aggregate not to ex-
coed the. sum Of Thirty-five Thous-
and, dollars ($35,OQO) and, to provide
for the. levy and collection OF. ar
annual tax upon all the taxable pro
pertysin the Village of Mountain HON
sufficient to- pay the. interest upon
said bonds as it falls due and te
/ create and constitute sinking fund
for the payment at any time after
ten years OF the principal Of sale
bonds,. as they become. due, for, the
! following described purposes, t0swit:
First: Municipal Coupon, bonds. tt
] be known as Sewer Bonds" to the
amount Of Thirty-five thousand dol
lars (s35,000) to provide the funds
necessary to pay the costs and OK
penseal Of the laying, constructing
equipment and maintenance OF q com
plete system OF sewers and drains
for the Village OF Mountain, Home
and to purchase a.. site. and right Of
way for IA, sewage dispQsala and, other
purposes for the purchase OF mater
ials for said system and improve
ments, and. for tia construction, q
the same.
II Second: Said. bonds, II authorized
to be issued by the vote Of the quail
Il flied electors who are taxpayers ol
said village, shall be payable twenty
years from the date Of issue, but shall
be- redeemable at the pleasure Of
said village. Of Mountain Home, al
| any time after the expiration Of ten
Il years from the date Of said issn'
ance. Said bonds shall bear inter
est at q rate. not to exceed six pei
cent per annum, interest payable
semi-annually, and shall in all re-
spects comply in form and issuance
with the. provisions Of sections 23tt
tof. the Idaho Revised Codes, as amend
ed by the Session Laws OF Idaho,
1909 at Page ia, and as further
amended by chapter 30 Of the SEES
II sion Laws Of Idaho for the year Of
I 1911, and sections 1916 to 2871, in,
elusive. of the Idaho Revised Codes.
| Section g. That In order to pro-
vide for the payment Of the interest
on said bonds authorized to be issued
at the election herein provided for
and to constitute sinking fund, for
the payment of the principal thereof,
at maturity, a direct tax, in addition
to all other village taxes shall be
levied and collected annually on all
the taxable property, within the VII
lage Of Mountain Home sufficient to
meet the interest on, all such bonds
las may be issued, promptly as the
same mature, and also sufficient to
establish and maintain a sinking
fund, which shall be. sufficient to pay
all. bonds called In after the expir.
alton Of ten years and before the ma
turity thereof and also promptly
meet and pay the same.
n Section 8. At least thirty days
notice Of the time Of holding said
special election Ia hereby directed K
be given by. publication in the Ell
more County Republican, the officia
I newspaper Of said village Of Mountai
Home, Idaho, and said election shall
Z be conducted in accordance with tn,
Ordinances Of said Village and thu
4 No kA oto 81 Nf ~ e.