Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1914-08-07
RESOLUTION.

| OIuS VI OAllb DOdEu.
RESOLUTION.
Whereas, The board of county COM
missloners of Bear Lake county, State
Of Idaho, deem it advisable and neces-
sary for the said county Of Bear Lake,
to provide two thirds of the necessary
costs and expenses for the construction
of state highway through Bear Lake
county, said highway to be constructed
under the supervision of the state
engineer and to be maintained and
kept in repair at the expense and under
the supervision of the state of Idaho,
the said state Of Idaho to pay for one
third of the cost of construction and
the said county of Beas Lake to pay
for the other two-thirds; and,
| Whereas, The twelfth session of the
Legislature of the State of Idaho passed
law imposing license tax on all
automobiles and motor cycles, said tax
TO be paid to the State of Idaho, and 70
per cent thereof to be refunded to the
several counties of the state of Idaho
from which it was paid or as much
thereof as should be necessary to pay
The interest on bonds issued by the said
J several counties If bonds shall be issued
by the said several counties for the
purpose of building and constructing a
state highway as by said legislature
provided; and,
Whereds, Ii satisfactorily appears to
the board of county commissioners OF
Bear Lake county, Idaho, that the said
: county can legally issue coupon bonds
in a manner provided by law in the sum
of Fifty Thousand Dollars for the pur-
pose of raising a sum sufficient to pay
! it's two-thirds share for the cost of con-
: struction Of the said state highway
!. through the said county of Bear Lake,
and it appearing 10 said board that the
said sum OF Fifty Thousand Dollars vii
J be sufficient for the aforesaid purpose
: and,
Whereas, The board OF county com
nissioners of Bear Lake county, Idaho
: deem it necessary and advisable that
: coupon bonds of the county be issued
in said amount in the manner provided
, by law for the aforesaid purpose and
! that the question of the issuance OF
; such bonds in the said amount for such
, purposes by said county should be sub.
. mitted to the electors of said county
who are qualified by law; to vote there
? on to be called for that purpose in the
! manner provided by law; therefore bC
it ordered and resolved, by the BOARD
of county commissioners of Bear LAX,
$ county, Idaho:
LIST. That the county Of Bear Lake
: in the state of Idaho. pursuant to tn,
PROVISIONS Of Article 6, of Chapter 2
Title IL, of the Revised Codes Of Ida
no, as amended by chapter ITO of The
d laws of 1911, and by chapter 38 of tn,
I laws of 1918, issue and sell Fifty Thou
: sand Dollars of negotiable coupon bonds
of the county of Bear Lake, State Of
4 Idaho, for the purpose Of securing
q funds with which to pay two thirds o
! the cost of construction of state high.
way through the said county of Beal
/
o officials Of the State of Idaho. which
n bonds shall draw interests at the rat
of not to exceed six per cent per annum
u payable semi-annually on the first day
e of January and the first day Of July Of
q each year, at the Office of the county
treasurer, or ct such bank Ia the City
of New York, N. T., as may be desig.
mated by the board of county commits
sioners, said bonds to be Of the demon
= ination of one thousand dollars eacl
+ and TO be numbered consecntively from
one to fifty, each of which bonds shall
have attached thereto semi-annual in
terest coupons covering the interest ex
pressed in the bonds from the date Of
issue until paid; said bonds shall be
payable within twenty years from ths