Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1913-03-15

MOUNTAIN HOME, IDAHO, SUFFI.
GENT TO PAY THE INTEREST
ON SUCH BONDS, AS 1T FALLS
DUE, AND TO CREATE AND CON
|ST1TUTE A SINKING FUND FOR
THE PAYMENT OF THE PRINCI-
PAL THEREOF WITHIN TWENTY
YEARS FROM THE TIME OF THE
issuance OF THE SAME AS
THEY BECOME DUE.
BE IT ORDAINED BY THE
CHAIRMAN AND THE BOARD OF
TRUSTEES OF THE VILLAGE OF
MOUNTAIN HOME, IDAHO:
Section 1. That q election of the
qualified electors who are tar pay
ers Of the Village Of Mountain Home.
county OF Gilmore. state OF Idaho.
shall be held therein on Tuesday,
April l, 1873, for the purpose Of sub
uniting to the said electors the ques-
ton Of the issuance ny said Village
of municipal coupon bonds in demon
inations of $500 or $1,000 each, or
both. payable within twenty years
from the date Of the issuance, re-
Hdeemable at the pleasure of the said
village at any time after ten years,
bearing interest at the rate 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 Fhous-i
and dollars ($35, 000) and to provide
for the levy and collection OF an
annual tax upon all the taxable pro-
perty in the Village Of Mountain HON
sufficient to pay the interest upon
said bonds as 1t falls due and to
create and constitute a sinking fund
for the payment at any time after
ten years OF the principal OF said
bonds, as they become due, for the
following described purposes, to-wit:
First: Municipal Coupon bonds to
be known as "Sewer Bonds" to the
amount Of Thirty-five thousand dol
lars ($35,OO0) to provide the funds
necessary to pay the costs and ex-
penses OF the laying, constructing,
equipment and Maintenance Of a com
plete system OF sewers and drains
for the Village OF Mountain Home,
and to purchase q site and right of
way for sewage disposal and other
purposes for the purchase Of mater
ials for said system and improve
ments, and for the construction Of
the same.
Second: Said bonds, II authorized,
to be issued by the vote Of the quail
flied electors who are taxpayers OIL
said village, shall be payable twenty
years from the date Of isue, but shall
be redeemable at the pleasure of
said village of Mountain Home, atl
any time after the expiration Of tent
years from the date Of said issu-l
ance. Said bonds shall bear inter
est, at a rate not to exceed six perl
cent per annum, interest payablei
semi-annually, and shall in all rel
spects comply in form and issuance
with the provisions Of sections 2315
Of the Idaho Revised Codes, as amend
ed by the Session Laws OF Idaho,
1909 at Page ia, and as furtheri
amended by chapter 30 Of the SEES
sion Laws Of Idaho for the year Of
1911, and sections 1916 to 2371, In
elusive, Of the Idaho Revised Codes.
Section 2. That in order to prof.
vide for the payment Of the Interest,"
on said bonds authorized to be issued
at the election herein provided forl
and to constitute a sinking fund, for
the payment of the principal thereof,
at maturity direct tax, in addition
to all other village taxes shall be-
levied and collected annually on all
the taxable property within the Wild
lage Of Mountain Home sufficient toll
meet the interest on all such bonds
as may be issued, promptly as the
same mature, and also sufficient to4
establish and maintain q sinkingl
fund, which shall be sufficient to payl
all bonds called in after the expir-
alton Of ten years and before the ma
turfty thereof. and also promptly
meet and pay the same.
Section 8. At least thirty days.
notice Of the time Of holding said
special election 10 hereby directed to
be given by publication in the Ell
more County Republican, the official
newspaper Of said village Of Mountai
Home, Idaho, and said election shall
VIC SVuiuAktCu IA uSSOA00uSC Will tu0I
Ordinances Of said Village and the
Laws Of the state of Idaho, In such
cases made and provided. 4
Section 4. That the voting at
such election shall be by ballot, and
the ballot shall be 30 prepared as to-
permit the electors to express their
desire on the issuance of said bonds.
Such ballots shall be az follows to-
wit:
SEWER BONDS
In favor Of Issuing bonds to the
amount Of $4,000 for the purpose
stated. in Ordinance No. f31. to prof.
vide the necessary funds to pay the
costs of construction OF = complete
and adequate sewer and drainage sys
tenn for the Village OF Mountain
Home. and for purchasing proper