Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1914-07-24
ORDINANCE NO. "a.

OnOfNANkE No. o..
An Ordinance providing Tor the IN
curfiDe Of indebtedness OF the Village
~ ShOshope IN the sum Of Eighteen
thousand dollars and for the issuance
~ municipal bonds OF said Village IN
said amount Tor the purpose Of pur-
chasing wnterwOrks and franchises ~
Great shoshone and Twin Falls Water
Power Company. ana for the further
purpose 81 extending and enlarging
the said system for the use OF the said
I Village and tho inhabitants thereof
Providing the denomination OF said
bonds and the time when payable and
the place where payable. providing for
the payment OF interest and sinking
Providing for a special election 10
be held on the 18th day Of August
1914. FOR the qualified electors who
are tax payers Of said Village 10 vote
upon the question Of mourning said in
debtedness ana issuing said bonds
BE II ordained by the Chairman and
Board Of Trustees Of the Village OF
shoshone;
Section /. That the Village OF sho-
shone issue negotiable coupon bonds |
for the total amount OF eighteen thous-
and dollars to bear interest at rate
not exceeding six per cent per annum
90 be paid semi-annually. said bonds
To be issued for the purpose OF pur-
the water works system and
franchises Of the Village OF Shoshone
owned by the Great ShOshone and
Twin Falls Water Power Company
and for the purpose Of enlargng and
extending said system
Section 2 That the sold bonds be
issued Ina denominations OF not more
han one thousand dollars and not less
han one hundred dollars each as the
Board OF Trustees OF the Village Of !
shOshone may determine That said !
ionds shall be payable within 20 years
rom the date Of the Issuance thereof
md shall hc rcdeomnbic at the pleas
IRE Of the Board OF Trustees Of ShO-
hone nt any time after the expiration
Z 40 years from the date Of the issu-
nee thereof that the bonds shalt be =
made payable at some bank IN Shc-
hone, Idaho OF az such other place
r. The BOARD at Trustees Of tho Village
T snoahone may deslgnate
SECTION 3. That IN order 10 provide -
" the payment Of interest on said y
ends there shall bee levied upon All =
sNHhle property within said Village y
! addiiua 20 an other iaxea an am y
ual tax sufficient to pas the interest g
"a all 81 said bonds disposed of. and
sac fo provide q sinking fund fer DE n
'yment of ihc principal of TaiI h0uda
leto shan Doe levied annually on nll &,
.e taxable property within said dls.
ny "nul'"h I" NH othrF taxes.
~ "''n n''H'' nave p,,h is@ued nor
le''o" "' ~ Seefs. Huiii'l'ni i'N To- o'
o'i.F w. or lHe pF'h'ip''i E.
~" Nnho7' Ah OF Hneh 'hNef Ca %"
!. '"'' N'i''''e' "' 'i" '
u"'l ihs BONUS 70 is'Hnl oi
'u'F na'"' tnNi'Nihh tnf iNi.fe'
n' l'"''Nns V.'N'n from ~
{" 'tNt" ~ ~ 'e." .A'iHs'Neiy tnr
""." WIS ivN''"
"7' i.' ,''' pgti'.'
N ndeetceo.es ana ,ssn,,~ s"i5 .f'
nds 20 me qualified tax payers and ls
clcrs u the viliaee o. shoshone eel
~ tu''' oe h'la en- election or an ~
ef tbe vglare ~ shoshona y, am
osday the nth day AUGUST. 1914 t..
ween eight O'Clock A. NJ. ana seven
Nls, :" NniN" ~
,...t.t,.s.t''.. -. "a - -.
me Jonrnal '''' Is
Iection O. The voting AZ said cleo Gao
70 be hy ballot and tho ballots ing
y, y s,''," o' Ae ,, as 'ol'ows' OF
cunt OF Eighteen Thousand Douors pu,
ne BE-. purposes stated tn Ordinance tina