The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1915-12-30

of said bonds to the lawful purchaser
thereof in order to provide funds for
such purpose; prescribing the form of
said bonds and the interest coupons
to be annexed thereto; providing for
and leyying a direct annual tax on
all of the taxable property in said
county, in addition to all other taxes,
sufficient to pay the interest accruing
the same becomes due. and also to
constitute and maintain a sinking
fund sufficient to pay the principal
thereof at the time of their maturity,
and fixing the other details of the
issue.
Whereas, in accordance with that
certain report of the appraisers APP
pointed pursuant to the provisions of
Section of Chapter 165 Session Laws
of Idaho, 1915, now on file and of rec
ord in the office of said board, the
said Gem county is indebted to the
county of Canyon, Idaho, in the ag-
gregate principal sum of twenty-sev-
en- thousand eight hundred eighty
four dollars and twenty-six cents
1921, 884.26), which, with interest
computed to January 1, 1916, amounts
to the sum of twenty-eight thousand
eight hundred thirty -eight dollars and
fifty-two cents ($28,838.52); and in
accordance with that certain report
of the appraisers appointed pursuant
to the provisions of Section of said
Chapter 165, Session Laws of Idaho,
1915, now on file and of record in the
office of said board, the said Gem
county is indebted to the county of
Boise, Idaho, in the aggregate prin-
cipal amount of fifteen thousand one
hundred six dollars and seventy-two
cents ($15J 06.72), which, with in
terest computed to January /, 1916,
amounts to the sum of fifteen thou
sand six hundred twenty-three dollars
and seventy cents (S15, 623.70); and in
addition said Gem county has fur
Their Indebtedness of ten thousand five
hundred thirty-seven dollars and sew
enty-eight cents (S10,537.78) incurred
by said county in the transcribing and
certifying of records and the prepar-
alton of indexes, in the purchase and
providing of books, records, furniture,
fixtures, Office supplies, safes, vaults,
in the employment of accountants and
appraisers and for other ordinary and
necessary equipment and expense in
cident to the organization of such
county, in all aggregating an out
standing Indebtedness of ffty-hve
thousand dollars 1855 ,000), which in
debtedness has been and the same
hereby is ascertained and determined
to constitute binding and subsisting
obligation of said county now out
standing, due and unpaid, and to pay
which or any part thereof there are
no funds in the treasury of said coun-
ty; and
Whereas, said county Of Gem was
formed, organized and created pursu-
ant to an act of the Legislature oe the
state of Idaho approved March 10,
1915, appearing as Chapter 165 of The
Session Laws of Idaho, 1915; and
Whereas, said board in the exercise
of its judgment and discretion deems
it advisable and in the interest and
for the benefit of said county, and to
enable said county to be placed as
near as may be on a cash basis, to
issue and negotiate coupon funding
bonds of said county to an amount
the principal sum of fifty
five thousand dollars 1855, 000), in or
der to provide funds with which to
pay and entirely discharge a like
amount of the outstanding indebted
ness of said county hereinabove and
hereinafter mentioned; and
Whereas, the said board has here
-tofore ascertained and determined
that the particular Indebtedness of
the county proposed to be retired by
said bond issue constitutes binding
L., Oh1i~otinrc nf the
county, and did thereupon cause a
certificate of determination to be
made and entered in and upon the
records of said board, all as and IN
the manner provided by Section l,
Chapter 20, Session Laws of Idaho,
1915; and
Whereas, it is by this board adj
Judged and determined that there is
no way of meeting or paying the IN
.debtedness due and owing as afore-
said, or any part thereof, except by
and through the issuance and negotla-
ton of the funding bonds of said coun-
ty in order to provide funds with
which to pay and entirely discharge
said indebtedness as and in the man
ner hereinabove and hereinafter men
toned; and
Whereas, the issuance of said bonds
in said amount and for the purpose
aforesaid will not in any wise IN
crease the principal amount of the
existing Indebtedness of said county,;
and :.
Whereas, said board believe it to
be their duty to issue said bonds ana
cause the same to be delivered to the
lawful purchasers thereof for SAID
purpose, as and in the manner pro-
vided by law;
Now, therefore, be it resolved and
ordered by the Board of County Com
missioners of Gem County, Idaho:
1. That it be and hereby is certi-
fed, recited and warranted that all
conditions, acts and things necessary
and essential to the validity of the
bonds hereinbefore and hereinafter
mentioned and the indebtedness fund
ed and paid thereby and required by
law to be done, have been fully done
and performed.
2. That in order to provide funds
with which to pay and entirely DIS
charge the amount due and owing by
said Gem county as aforesaid, there
shall be and there are hereby author
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