American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1915-01-14

trict No. l OF Power County Idaho, held
pursuant To law, at the office OF said
board, 1.-THE regular meeting place., in
American Falls. Idaho. in said high
way district, on Monday, towit, the
2Sth day OF December, A. ID. 1914. at
the hour OF 10 o'clock a, m, at which
there were present:
Il. b. Greenwood, President; ID. IL.
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 meetings OF the previous meet
ing of the board we're read and approx
ed.
Thereupon Commissioned s. l.. Payne
presented and read several petitions
signed by J. III. GiffIn, j. II. Bowen, w.
T. Oliver, M. II. Drake, J. II. Breeding,
A. w Isaac. John Deeg, Jr., and sever
al hundred other resident taxpayers
and electors residing within said high
way district petitioning the board of
highway commissioners TO call "A bond
election In said highway district for
the sum of 1925 900 10 build, construct
and improve the highways Of the dis
trict.
Thereupon Commissioner IL. II. Ear
Ing introduced and moved the adop-
tion OF the following resolution.
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 2GTH
DAY OF JANUARY, A. D., 1916, ON
THE PROPOSITION:
FOR THE PURPOSE STATED IN
RESOLUTION or DECEMBER 2sth,
A. d., 1914: SHALL THE BOARD
OF HIGHWAY COMMISSIONERS
OF HIGHWAY DISTRICT NO. l, OF
POWER COUNTY. STATE or IDA
HO. BE AUTHORIZED AND EN-
POWERED TO BORROW MONEY
AND ISSUE THEREFOR IT'S Me-
G0TIABLE BONDS TO AN AM
CUNT AGGREGATING THE PRIN-
CIPAL SUM OF $125. 200, WITH Me-
G0TfABLE INTEREST COUPONS
ATTACHED, FOR THE PURPOSE
OF THE CONSTRUCTION, I'M
PROVEMENT OR REPAIR or ANY
or THE HIGHWAYS WITHIN THE
SAID DISTRICT. FOR THE PUR-
CHASE or MATERIAL AND MA
CHiNERY THEREFOR, AND FOR
THE NECESSARY EXPENSE OF
SAID DISTRICT IN CONNECTION
THEREWlTHi AND TO LEVY AND
ASSESS A DIRECT ANNUAL AID
YALOREM TAX ON ALL THE TAX
ABLE PROPERTY IN SAID HIGH
WAY DISTRICT, AND CAUSE THE
SAME TO BE COLLECTED, SUE
FlClENT 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 prom
erly care for the increased traffic I'm
VA highway district and II Is doomed
and hereby declared necessary that the
needs of said highway district require
the immediate construction. improve
ment or repair of the highways within
the said district, and tho purchase OF
material and machinery therefor. In
and for said highway district; aud
WHEREAS, II IL estimated that the
cost of construction. Improvement or
repair of the highways within the said
district. and for the purchase of ma
terra, and machinery therefor. aud for
the neeossary expense OF said district
in oonuection herewith. VIII be ap-
proximately si2G .ops. ana
WHEREAS, There are no funds In
the treasury Of said highway district
available for tho purpose OF copstruc-
ton. Improvement or repair OF any OF
the highways within the said district, |
or for the purchase of material and ma
ohtnery therefor, or for the necessary |
expenses of said district In connection
herewith; and II Is therefore deemed
and hereby declared necessary for the
said highway district to borrow money
and Issue therefor Its negotiable bonds
TO an amount a~ggresating the princi-
pal sum OF $4,000 with negotiable
coupons attached: and
WHEREAS, The full cash value OF
ali the taxable property In said high
way district as shown by the assess-
mont roll for the year 1914, as finally
equalized and corrected by the state
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