Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1914-07-10
ORDINANCE NO. "a.

OfDfFANOE NJ e.
An Ordinance providing FOR the In.
curing of Indebtedness Of the Wiling,
~ shoshone Ia The sum Of Eighteen
thousand dollars and for the issuance
~ municipal bonds ~ said Village 10
said amount for the purpose of pur
chasing waferworks and franchises Of
Great Shoabonc and Twin Falls Water
Power Company and FOR the further
purpose % extending ana enlarglne
The said system for the use Of the said
Village and tho Inhabitants thereof.
| Providing the denomination Of said
bonds and the time when payable and
the place whore payable; providing for
the payment Of interest and sinking
Providing FOR a special election 10
be held on the nth day Of August
1914. for the qualified electors who
are tax payers Of said Village 10 vote
upon the question of mourning said In
debtedneas and issuing said bonds.
BE II ordained by the Chairman and
Board Of Trustees Of the Village OF
shoshonei
Section l. That the Village OF Sho-
shone issue negotiable coupon bonds
FOR the total amount II eighteen thous-
and dollars. 10 bear interest at rate
not exceeding six per cent per annum
TO be- paid semi-annually. said bonds
10 be issued for the purpose OF pur-
chasing the water works system and
franchises Of the Village Of Shoshonc
owned by the Great Shoshone and
Twin Falls Water Power Company
and for the purpose OF charging and
extending snid system.
Section 2 That the said bonds be
issued ia denominations Of not more
than one thousand dollars and not less
than ono hundred dollars each as tie
Beard Of Trustees of the Village Of
shoahonc may determine That said |
bonds shall be payable within 20 years
from the date Of the Issuance thereof |
and shall be redecmahle al the pleas
nrc Of the Board OF Trustees OF Sho-
skone az any time after the expiration /
of 10 years from the date Of the lssu-
snco thereof That the bonds shall be
made payable at some bank IA Sho-
shone idaho. or az such other place
is the Board OF Trustees OF the village
81 shoshonc may designate.
Section g. That In order 10 provide
for tho Payment Of interest on sald
bonds there shall bee levied upon all
taxable property within said Nlliage
he addition 10 an other taxes. an an-
auai tax sufficient to pay the interest
in nil az Haid bonds disposed Of, and
hat 90 provide a sinking fund for the
payment OF the principal of said bonds
here shall be levied annually on an
he taxable property Within said dis
riot. in addition 90 all other taxes,
ficr such bonds have been issued for
period OF no yenra "a sufficient tax 90
,ay one tenth U-iU) of the principal
4 said bonds an OF such taxes TO he
at ted assessed and collected as other
iilase taxes until the bonds go issued
rc fully paid. including the Interest
hers9n The proceeds derived from
aid taxes 90 be used exclusively for
Ae purpose for which Il WIS levied
section O. That FOR the purpose of
the question of ineurring
ala Indebtedness aud issuing said >
onds "a the qualified tax payers and
leetofs of thc Niii1eo Of Shoahoue g
aerr shsil tc held am election 81 am q
be- uslified electors who are tax pave q
fa uf the Village nf Shoshonc an q
aesday the nth day August. 1914 I
ctween eirht O'Clock a. a. and seven
clock p Al of said day. Of which q
ofies u general terms shall hC given @
s. ruhile1iion for so DAVIS iu The sho- !
sHue Journal
section The voting go Said elec- 4
nn to hr hF ballot and the ballots d
sHd ehHN he substantially 1s follows @
I'm favor 0f issuing bonds 90 the
mpunt of Eighteen Thousand DolinrHl 3
81 thr ufirunana stated lu Ordnance e