American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1915-01-07

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
zSth day of December, A. ID. 1914, at
the hour OF 10 o'clock a. m, at which
there were present:
X. Il. Greenwood, President; Il. II.
Earring. Member; l.. s. Payne, mem
Der Board OF Highway Commissioners.
and VIM. Schmidt, Secretary; the fol-
lowing proceedings among others we're
had, to-wit:
The meetings OF the previous meet
ing Of the board were read and approx
ed.
Thereupon Commissioner l.. 8. Payne
presented and read several petitions
signed by J. II. Giffin, J. X. Bowen, w.
T.. oliver, NJ. IL. 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 2%etitionlng the board OF
highway commissioners TO call a bond
election In said highway district for
the sum Of $125, 900 to build, construct
and improve the highways OF the dis
trict.
ThereupoR Commissioner E. 10. Ear
Ing introduced and moved the adop-
ton 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. I, OF
POWER COUNTY. IDAHO, ON
TUESDAY. T0-WIT THE 2GTH
DAY OF JANUARY, A. d., 1916, ON
THE PROPOSITION:
FOR THE PURPOSE STATED IN
RESOLUTION OF DECEMBER 2Sth,
A, d., l914: SHALL THE BOARD
OF HIGHWAY COMMISSIONERS
OF HIGHWAY DISTRICT No. 1, OF
POWER COUNTY, STATE OF IDA
HO. Bic AUTHORIZED AND en-
POWERED TO BORROW MONEY
AND ISSUE THEREFOR ITS Me-
GOTIABLE BONDS TO AN AM
CUNT AGGREGATING THE PRIN-
CIPAL SUM OF 1926. 900, WITH Me-
GOTIABLE INTEREST COUPONS
ATTACHED, FOR THE PURPOSE
OF THE CONSTRUCTION. I'M
PRoVEMENT 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
'THEREWfTH; AND TO LEVY AND
ASSESS A DIRECT ANNUAL AID
VALOItEM TAX ON ALL THE TAX
ABLE PROPERTY IN SAID HIGH
WAY. DISTRICT, AND CAUSE tTHE
SAME TO BIZ COLLECTED. $UF-
FJClENT TO PAY THE INTEREsTI
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, Tho highway facilities
of Highway District No. 1, OF Power
county Idaho, are inadequate To prop.
eriy care for the increased traffic In
said highway district and II IL deemed
II hereby declared necessary that the
needs OF said highway district require
the immediate construction. improvc-
nieht or repair OF the highways within
inc said district, and the purchase of
material and machinery therefor I'm
ana for said highway district: and
WHEREAS, II IL estimated that the !
0 = OF construction, improvement ar {
.,pair Oh 'he highways within the said !
n Tor the purchase of ma !
ISriai and machinery therefor. and for :
necessary expense of said district :
n CONNECTION herewith, will DO an .
'roSimately sl2S, 900; and Z
WHEREAS. Thee are no funds IN :
no treasury OF said highway district "a
for the purpose OF construe- !"
'o", Improvement or repair Of any OF n
ne hishways within the said district. ),
: LOT me purchase OF material and ma !,
ninery therefor. OF for the necessary /,
expenses OF said district In connection Il,
herewith; and II 10 therefore deemed A.
hereby declared necessary for the ~
ku highway district to borrow money =,
issue therefor Its negotiable bonds =,
X
an amount a~ggre<ating the princi- u
a sum OF si2b.o0o with negotiable sa
coupons attached; and ",
WHEREAS. The full cash value Of pc
the taxable property In said high su
'ay district as shown by the aseess-
rent roll for the year 1914, as finally oil
and corrected by the state
Oard OF eQualisatior, for state and al
ounty purposes. is $5,s7s,5oo and that IN
the purpose OF taxation the equal a
sed assessed valuation Of all taxable IL
IN said highway district for IA
aid year is s6,27s.500 being the %afore- hi
full cash value. and w
WHEREAS. Said highway district II
a. no outstanding indebtedness OF to
ny kind or character. either In the &C
orm OF contract. bonded, warrant. OF
lac e{u~ -. ,sknw tpAakSoJnA.u u.l tb- fr