Lincoln County times. (Jerome, Idaho) 1911-1919, 1913-11-20
ORDINANCE NO. Sc.

ONDhNhiNNL w. w.
An Ordinance to issue Coupon Bonds of
the Village of Jerome, County of
Lincoln, State of Idaho, to be dated
January 1st, 1914, in the amount of
Four thousand Dollars, to become
due and payable Twenty years from
the date thereof, to bear Six Per
Cent Interest, to be redeemable at
the pleasure of the Village at any
time after the expiration of Ten
Years From Date, for the Purpose of
Providing and Building Crossings and
Cross Walks in said Village. to Pro-
vide and make Provisions for the Pay
ing of the Interest on such Bonds as
it falls due, and also to Constitute a
Sinking Fund for the Payment of the
Principal Amount of said Bonds; also
to Provide for the Holding of an
Election of the Qualified Electors who
are Tax Payers of Said Village, fix
ing the Time Thereof, and Providing
for the Form of Ballot to be used
thereat, and Prescribing the Form of
Said Bonds.
Whereas, it is deemed advisable by
the chairman and board of trustees of
the village of Jerome, Lincoln county,
Idaho, to build crossings and cross
said village, at approximately cost of
four thousand dollars, and
Whereas, there is no money in the
treasury of the village of Jerome, Lin
coin county, Idaho, for the purpose of
paying the costs of such crossings and
cross walks, and
Whereas, it is deemed advisable to
issue municipal coupon bonds of said
village of Jerome, Lincoln county, Ida
no, in the aggregate amount of four
thousand dollars, to provide for such
crossings and cross walks.
Now therefore be it ordained, by the
Chairman and Board of Trustees of
the Village of Jerome, Lincoln county,
Idaho:
Section l. In case the issuance of
municipal coupon bonds as provided in
this ordinance shall be approved by the
electors at the special election herein
provided for, by virtue of said approx
al, and in pursuance of chapter II,
title Is, of the Revised Codes of Idaho,
and the amendments thereto, there
shall be issued the municipal coupon
bonds of the Village of Jerome, in the
amount of four thousand dollars, to
provide for the building of crossings and
cross walks across the streets and al
leys of said village. That said bonds |
will be dated January l, 1914, and be
redeemable at the option of the village
at any time after the expiration of ten
years from the date thereof, and shall
be and become by their terms absolute
ly due and payable January l, 1884 |
They shall consist of eight bonds in the |
denomination of five hundred dollars
each, numbered consecutively from one
to eight, inclusive. The principal of |
and interest on said bonds shall be pay
able at the office of the village treas
urer or at the banking house of Kountze
Brothers, in the City of New York and
State of New York at the option of the
holder. They shall bear interest at the |
rate of six per cent per annum, pay
able semiannually on the first day of
July and January each year, and said
interest shall be represented by forty |
coupons attached to each bond. each |
coupon representing half-yearly pay
ment of interest. Said bonds shall be
signed by the chairman of the board of
trustees, attested by the village clerk |
and countersigned by the village treas
urer, and a certificate of the village |
clerk on the back thereof that each |
bond is registered according to law, |
and the coupons thereto attached shall
bear the original or engraved signature
of the village treasurer.
Section II. That said bonds, coupons
and registration certificate shall be sub
tantially in the following form. to-wit:
UNITED STATES OF AMERICA
STATE OF IDAHO COUNTY OF LINCOLN |
CROSSINGS AND CROSS WALKS
MUNICIPAL COUPON BOND