Elmore County Republican. [volume] (Mountain Home, Idaho) 1910-1915, 1913-10-11
ORDINANCE NO. 1888.


AN ELECTION IN THE VILLAGE
OF MOUNTAIN HOME. ELMOREl
COUNTY, STATE OF IDAHO. FOR
THE PURPOSE OF AUTHORIZING,
THE ISSUANCE OF 70 RTYl
THUsAND DOLLARS ($40, 10000
NEGOTIABLE COUPON BONDS|
OF SAID VILLAGE, TO BE USED
FOR THE PURPOSE OF CON-
STRUGGLING A SYSTEM OF
SEWERS IN AND FOR SAID VII
| LACE AND FIXING CERTAIN DE-
TAILS RELATING THERETO.
Section 1. BE 1T ORDAINED
BY THE CHAIRMAN AND BOARD
OF TRUSTEES OF THE VILLAGE
OF MOUNTAIN HOME, GILMORE
COUNTY, IDAHO. that 1t 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 a 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-
Il )osed to be issued shall bear interest
at the rate of six per centum e per
cent? per annum, payable semian-
iually on the first day Of January
md OF July In each ye-.-, and the
, principal OF said bonds shall be made
payable twenty COY years from the
date of their issuance; provided.
; however, that such bones shall con-
\ tain provision making them redeemabla
at the pleasure Of the Village at any
time after the expiration Of ten QO)
= years from the date Of their issuance
/, % be redeemed in the order OF their
n number.
e- Sction 3. That in order to make
q provision for the payment OF the
| principal and interest of said bonds
| il is proposed that If at the election
called by this ordinance the qualified
It electors who are taxpayers shall vot'
in favor Of issuing bonds, the Boart
Of Trustees of said Village shall lev!
an annual tax during the period 0
twenty (2O) years that the said bond
are to run; that is to say In each 0
he years 1913 to 1882, both inclusive
sufficient to pay the accruing interes
on the outstanding bonds, and In az
r. iition thereto In each OF the year
Lyl 1918 to 1922, both inclusive, al shal
II. annually raise two thousand dollar
I'd ($2, 10000, and in each OF the year
a. 1923 to 1882, both inclusive, as sha
:, annually raise three thousand dollar
or (s3. OOO) as a sinking fund to pay tn
bonds at maturity.
Section 4. That an election OF tn
ualified electors, who are taxpayer
of said village Is hereby ordered
be held, and II at such election hel
as provided for in this ordinance, tw
al thirds (2-3rds) of the qualified ee'
,p- .ors who are taxpayers in said villag
voting at such election assent to tn
10 issuing of such bonds and the II
r. curing of the indebtedness thereb
10, created for the purpose aforesaid
Id such bonds for such purpose will
60 issued in the manner and form her
m natter by ordinance to be provided
IL, Section 5. That the village cler
20, is hereby authorized and directe
nd to give thirty (30) days motto
N by publication in the "Elmol
al County Republican weekly new
'st paper Of general circulation printe
10 and published in said village, OF tn
nd late set for the holding Of such
Dr. ection, which date is hereby fixe
'e, for the 21st day OF October, A.
~ 1918, and the place Of holding sal
nd election shall be the County Coul
House.
ed Section 6. That the election motto
On that shall be given shall be substal
nv TALLY as follows:
~ NOTICE OF ELECTION
D. NOTICE is HEREBY GIVEN to Il
&c qualified electors who are taxpayer
e. n Of the village OF Mountain Home, E
q. more County, Idaho, that an electio
to las been called and will be duly hel
II in the Village of Mountain Home, 0
- the 21st day of October, A. d. 1911
10 for the purpose Of submitting to tn
Or Qualified electors Of said Village VIII
ce are taxpayers, the question OF al
u .horizing the chairman and Board (
40 Trustees Of said Village, to issu
N Forty Thousand Dollars ($4O000) n
ne gotiable coupon bonds Of said villag
~ bearing interest at the rate Of six p
,g centum (6per cent? per annum, to b.
r. come due and payable In twent
OF (20) years from the date Of their Il