Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1914-10-08
of October, 1914
C. B. Compton, Mayor.
Attest. Martin o. Luther, City Clerk.
ORDINANCE No 1853

ETTE, IDAHO, FOR THE PURPOSE
OF SUBMITTING TO THE QUAIL
SIZED ELECTORS WHO ARE TAX
PAYERS. THE QUESTION OF Is
SUING THE MUNICIPAL COUPON
BONDS OF SAID CITY, FOR THE
PURPOSE OF PROVIDING FUNDS
FOR THE CONSTRUCTION AND
INSTALLATION OF A FILTERING
PLANT AT THE WATER WORKS
IN SAID CITY OF PAYEfTE, T0
FILTER THE WATER FOR THE
USE OF THE INHABITANTS OF
SAID CITY, IN THE SUM OF $4,000.
/, 90, AND TO PROVIDE FOR THE
PAYMENT OF THE INTEREST en-
SAID BONDS, AND TO CREATE 4
SINKING FUND FOR THE PUR-
POSE OF PAYING FHH PRINCi7
PAL THEREOF.
Be it enacted by the Mayor and
/ Council of the City Of Payette, Idaho,
Section 1. A special election OF
the electors who are tax payers of
and in the City of Payette, Canyon
County, Idaho, shall be held in the
said City of Payette, on the 14th
day of November, 1914, for the PUP
pose of submitting to said electors,
the question of issuing the munich
pal coupon bonds of said city, In
the sum of 100000, payable twenty
years from the date OF the issuance
of said bonds, redeemable at the
pleasure of said City, at any time
after ten years from the date Of said
bonds; said bonds to bear interest
at a rate not exceeding six (6) per
cent per annum; said interest pay
able semi annually; and to provide
for the levy and collection of an an
nual tax upon all of the property
within the corporate limits of said
City of Payette, sufficient to pay the
interest on said bonds as the same
shall become due, and to create and
constitute sinking fund for the pay
ment at any time after ten years,
! the principal of said bonds as the
same shall become due, for the fol
lowing. purposes, to wit; municipal
bonds in the sum of 100000, to pro
vide the funds necessary to build and
install Filtering Plant at the Water
Works of said City of Payette, Idaho,
to filter water Tor the use Of the
inhabitants of said City of Payette;
said bonds to be issued as follows:
twelve bonds in the sum of $4,000,
each, payable twenty years after the
date Of said bonds, with interest at
a rate not exceeding 6 per cent per
annum, said interest payable semi
annually; said bonds redeemable at
the pleasure of said City of Pagette,
at any time after ten years from the
date of said bonds.
Section 2. That in order to pro-
vide for the payment of the inter-
est on such bonds, if they are
authorized to be issued at the elect
ion herein provided for, and to con-
stitute a sinking fund for the pay
ment of the principal thereof at ma
turity, direct tax in addition to all
other City taxes, shall be levied and
collected annually, on all the taxable
property within the City of Payette,
sufficient to meet the interest on all
OF such bonds as may be issued and
outstanding from time to time,
promptly as the same natures, and
also sufficient to establish and main
tain a sinking fund which shall be
sufficient to pay the principal of all
bonds outstanding at their maturity.
Section 3. At least thirty days
notice of the time of holding said
special election is hereby directed to
be given by publication in the Pay
cite Enterprise, the official news
paper Of the said City of Payette,
and said election shall be conducted
in accordance with the ordinances of
said City and the laws Of the State
of Idaho, in such cases made and
provided.
Section 4. That the voting at said
election shall be by ballot, and the
ballot shall be SO prepared as to per-
nit the electors to express their
iesire for, or against the issuance
If said bonds, and ballots shall be
as follows.
In favor of the issuance of bonds
in the sum of 100000, for the
purposes stated in Ordinance
No. 1853, to-wit; to provide funds
for the creation of Water Fill
tering Plant.
Against the issuance of bonds
in the sum of 100000, for the
purposes stated in Ordinance
No. 263, to-wit; to provide funds
for the creation of Water FIJI
tering Plant.
Tho choice of the a1actar shall ha