American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1915-01-21
Resolution of the Board of Highway Commissioners of Highway District No H.
of Power County, Idaho, to Call an Election to be Held January &c. A. D.
1915, to Vote on Issuing $125,O0O 6 per cent Highway District Bonds.

American Falls, Idaho, December 2S,
1914.
At a meeting of the board Of High
way Commissioners OF Highway Dis
arict No. / OF Power County Idaho. held
pursuant to law, at the office OF said
board, (the regular meeting place., In
American Falls, Idaho, in said high
way district, OH Monday. towit, the
28th day Of December, A. ID. 1914, at
the hour of 10 o'clock a. m, at which
there we're present:
Il. b. Greenwood, President; E. E.
Earring, Member; s. l.. Payne, Mem
Der Board Of Highway Commissioners.
and Vim. Schmidt, Secretary; the fol-
lowing proceedings among others were
had, to-wit:
The minutes of the previous meet
ing OF the board were read and approx
ed.
Thereupon Commissioner S. l.. Payne
presented and read several petitions
signed by j. II. GIffin, j.. II. Bowen, w.
T. Oliver, M. Il. Drake, J.. III. Breeding,
A. ". Isaac, John Deeg, Jr., and sever
nj huiuiDd OihCi iCbiubht ldAIuybIb
and electors residing within said high
way district p~etitioning the board of
highway commissioners to call a bond
election In said highway district for
the sum of $125,000 to build, construct
and improve the highways Of the dis
trict.
Thereupon Commissioner IL. Il. Ear
Ing introduced and moved the adop-
tion Of the following resolutions:
RESOLUTION OF DECEMBER 2Sth,
A. ID. 1914. ~
A RESOLUTION PROVIDING FOR
THE CALLING AND HOLDING OF
A BOND ELECTION IN AND FOR
HIGHWAY DISTRICT NO. /, OF
POWER COUNTY, IDAHO, ON
TUESDAY. TO-WIT THE 26TH
DAY OF JANUARY, A. d., 1915, ON
THE PROPOSITION;
FOR THE PURPOSE STATED IN
RESOLUTION OF DECEMBER 28th,
A. d., 1914: SHALL THE BOARD
OF HIGHWAY COMMISSIONERS
OF HIGHWAY DISTRICT NO. 1, OF
POWER COUNTY, STATE OF IDA
HO. BE AUTHORIZED AND EN-
POWERED TO BORROW MONEY
AND ISSUE THEREFOR ITS Me-
GOTIABLE BONDS TO AN AM
CUNT AGGREGATING THE PRIN-
CfPAL SUM OF $125, 900, WITH ME-
G0TiABLE INTEREST COUPONS
ATTACHED. FOR THE PURPOSE
OF THE CONSTRUCTION, I'M
PRQVEMENT OR REPAIR OF ANY
OF THE HIGHWAYS WITHIN THE
SAID DISTRICT. FOR THE PUR-
CHASE OF MATERIAL AND Ma
CHINERY THEREFOR, AND FOR
THE NECESSARY EXPENSE OF
SAID DISTRICT IN CONNECTION
THEREWITH; AND TO LEVY AND
ASSESS A DIRECT ANNUAL AID
VALOREM TAX ON ALL THE TAX
ABLE PROPERTY IN SAID HIGH
WAY DISTRICT. AND CAUSE THE
SAME TO BIZ COLLECTED. SUI
FICIENT TO PAY THE INTEREST
ACCRUING ON SAID BONDS
PROMPTLY WHEN AND AS THE
SAME BECOME DUE, AND TO
CONSTITUTE AND MAINTAIN A
SINKING FUND SUFFICIENT TO
DISCHARGE THE PRINCIPAL
THEREOF AT MATURITY"
WHEREAS. The highway facilities
OF Highway District No, /. of Power
County, Idaho, are inadequate to prop
erly care for the increased traffic In
said highway district and Il Is deemed
and hereby declared accessory that the
needs OF said highway district require
the immediate construction, improve
ment or repair of the highways within
the said district. and the purchase of
material and machinery therefor, In
and Tor said highway district: and
WHEREAS, 1t is estimated that the
o OF construction, improvement or
repair OF the highways within the said
district. and for the purchase OF ma
terial and machinery therefor. aud for
the necessary expense of said district
IN connection herewith, will be APP
~proximately $l25, 900: and
WHEREAS. There are no funds In
the treasury OF said highway district
available FOR the purpose OF construc-
uon. Improvement or repair OF any OF
the highways within the said district,
Tor the purchase of material and ma
ohinery therefor, or for the necessary
OF said district In connection
herewith; and II Ia therefore deemed
and hereby declared necessary for the
said highway district TO borrow money
and issue therefor It's negotiable bonds
to an amount a~ggresating the princi-
pal sum OF $l25,0 900 with negotiable
interest coupons attached: and
WHEREAS, The full cash value of
all the taxable, property In said high
way district as shown by the assess
ment roll for the year 1914. as finally
equalized and corrected by the state
board OF equalization. for state and
county purposes. is s5.27S.500 and that
for the purpose Of taxation the equal
ised assessed valuation OF all taxable
property In said highway district for
said year ia s5.37s.5o0 being the afore-
said full cash value. and
WHEREAS. Said highway district
has no outstanding Indebtedness OF
any kind or character. either In the
form OF contract. bonded. warrant.
floating or other indebtedness, and the