Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1914-07-17
ORDINANCE NO. O..

An Ordinance providing for the In
curing Of Indebtedness Of the Village
Of Shoshcne IN the sum OF Eighteen
Thousand dollars and for the issuance
Of municipal bonds Of said Village in
said amount for the purpose OF pur-
chasing waterworks and franchises OF
Great Shoshone and Twin Falls Water
Power Company, and for the further
purpose of extending and eniarging
the said system for the use OF the said
4 Village and the Inhabitants thereof
Providing the denomination OF said
bonds and the time when payable and
the place where payable; providing Tor
the payment OF interest and sinking
Providing for special election to
Zoe held on the nth day Of August.
1914, for the qualified electors who
are tax payers OF said Village 10 vote
upon tho question Of mourning said In |
debtedness and issuing said bonds.
Re Il 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-
~ 4
not exceeding six per cent per annum In
TO be paid seml-annually. said bonds
to be issued for the purpose OF pur-
the water works system and
OF the Village OF Shoshone |
owned by the Great Shoshone and
Twin Falls Water Power Company
md for the purpose OF enlarglng and
extending said system. Z
y
ssued In denominations OF not more
han one thousand dollars and not less >
han one hundred dollars each as the l
foard OF Trustees Of the Village OF v
'hoshone may determine That said \
onds shail be payable within 20 years
rom the date Of the issuance thereof
nd shall be redeemabe at the pleas l
re Of the Board OF Trustees OF Sho-
hone at any time after the expiration
10 years from the date OF the issu- =,
nee thereof that the bonds shall be y
iade payable M some bank In Sho- "
hone, Idaho, or at such other place y
4 the Board Of Trustees Of the Village ~
shoshone may designate ~
Section 3. That In order 20 provide 10
n the payment OF interest ON said II
'nds there shah be levied upon all -
vahle property within said Village. "
addition TO all other taxes an an ~
inl tax sufficient 10 pay the interest re
! all Of said bonds disposed OF. and f'
at 20 provide sinking fund for the NJ
ymcnt or the principal OF said bonds
ere shan be levied annually on an Ia
a taxable property within said dis
ct Ia addition TO all other taxes.
ter such bonds have been issued for
pefloa OF 10 years. a sufficient tax to or
y cue TENN 'l-lup or the principal lSs
said bonds all or such taxes TO De no
ieu' H97'ssed Ahn collected oS olhar no
''k' t'Nes until me bonds so issued on
inl'y PAID including the interest ~"
'teom Ihe proceeds derived from lfr
'hNes % ne used exclusively for ta'
purpose ier winch it was levied. lHi
''e'io" 3. Nna' Tor the purpose Of len
4 ma ~" N''s''o" o. in0uFllns w.
,ds 10 the qualified lax pavsrs md is7
'tors Of the viulge Of Shoshone Ger
re- shah be held an election Of am uat
N as ina ,,n yt'ors VINO ste YAK pay -,
,sday inc mn asv tnenst toti To-,
,veen eieht o'clock a. NJ. ana seven n
ock I. ". u said day. OF which of
Ath''2' 'tti"s snhh n' hiNvh on
~ 1870, ''' '' "'SS 90 '''e 9ii'- ~, ~.
cotton 5. Tine VOTING m sai5 si.c. l46t
TO bo Day ballot and the ballots ing
shan be substantially as follows; OF J
.... ,'' ~ ,, ~ ,ssu''s ooios 20 lhe I
tho purposes stated "a Ordinance that
el' and Against issuing boats ycy
~ .''",iili or hlsn'e'n Ihonsand oeit