Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1913-10-04
ORDINANCE NO. 1873.


COUNTY, STATE OF IDAHO, FOR
THE PURPOSE OF AUTHORIZING
THE ISSUANCE OF FORTY
THUSAND DOLLARS ($40,O00)
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 l. BE IT 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,
for the purpose Of providing funds
for the construction and maintenance
of system of sewers In and for the
use and benefit Of the inhabitants
Of 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 C per
cent? per annum, payable semi-an-
lually on the first day Il January
md of July In each year, 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 redeemabls
at the pleasure of the Village at any
time after the expiration Of ten QO
years from the date of their issuance
to be redeemed in the order Of their
number.
Seton 8. That in order to make
provision for the payment OF the
principal and interest Of said bonds,
it Is proposed that If 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 adj
dition thereto In each Of the years
1918 to 1922, both inclusive, as shall
annually raise two thousand dollars
! $4,000, and in each Of the years
| 1928 to 1882, both inclusive as shall
annually raise three thousand dollars
| $4,000 as a sinking fund to pay the
bonds at maturity.
Section T. That an election OF the
qualified electors, who are taxpayers
Of said village is hereby ordered to
be held, and II at such election held
as provided for in this ordinance, two
thirds (2-3rds) of the qualified elec-
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
issued In the manner and form here
matter by ordinance to be provided.
Section S. That the village clerk
Is hereby authorized and directed
to give thirty $500 days notice
by publication in the Gilmore
County Republican, a weekly news
paper Of general circulation printed
and published In said village, Of the
date set for the holding Of such e.
lection, which date Is hereby fixed
for the 21st day of October, A. D.
1918, and the place Of holding said
election shall be the County Court
House.
Section 6. That the election notice
that shall be given shall be substan-
TALLY as follows:
NOTICE OF ELECTION