Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1915-01-08
ORDNANCE NO. ss.

An Ordinance providing the form of
Eighteen Thousand Dollars (S18000)
municipal bonds for the Village Of Sho-
shone, and providing for the levy and
collection of an annual tax sufficient
&c pay the interest on said bonds and
the principal thereof.
: WHEREAS, in accordance with Or
. dinance No 81, Of the Village Of Sho-
shone, adopted and approved July 9Th,
A D 1914, the question of issuing mu-
nicipal coupon bonds of the said viii
lage of Shoshone in the amount Of
$4,000 for the purpose of purchasing
! waterworks system and franchise in
the village Of Shoshone owned by the
Great Shoshone & Twin Falls Water
Power Company, and for the purpose
TEN, was regularly submitted to the
, qualified taxpayers, and,
WHEREAS, the Village Of Shoshone
voted on said question at the election
held on Tuesday. the 18th day Of Aug
ust, A. d. 1914. and,
WHEREAS, at said election ST votes
were cast in favor Of and five votes
were cast against issuing bonds in the
amount and for the purpose aforesaid,
and.
WHEREAS, by resolution of the
Board Of Trustees. adopted August
18th, ~ d. 1914 it was determined
that said bonds be issued in the amount
Of $4,000 as aforesaid, should be dated
July 1st, A. d. 1914; should be payable
July 1st, ~ D. 1884; redeemable at
any time after july LIST. a D 1924
and that the principal and interest Of
said bonds should be payable at the
office of the village treasurer Of Sho-
/ shone, or at some bank in New York
City to be designated by said Board,
and,
WHEREAS. pursuant to due notice
regularly given and duly published,
the said bonds have been awarded and
sold to James y. Wright & Company,
Denver, Colorado, at a price of not less
than par and accrued interest and the
said purchasers have requested that
said bonds be issued in the denomina-
ton, bearing date, payable and re-
deemable as hereinafter set forth,
NOW THEREFORE, BE IT OR
DAMNED by the Chairman and Board
OF Trustees of the Village of Shoshone:
Section /. That the bonds of the
Village Of Shoshone in the county and
state aforesaid, be issued in the
amount of $4,000, consisting Of thirty
six 1850 bonds in the denomination
of $500 each, payable in lawful money
Of the United States of America. and
bearing interest from and after the
first day Of January a. D. 1915, at the
rate of six 90 per centum per annum,
payable semi-annually on the 1st day
of July and the LIST day of January in
each year, and evidenced by coupons
attached to said bonds. Said bonds
shall be numbered in regular and con-
secutive order commencing with num-
Der one %, shall be redeemable after
January 1st, A. D. 1925. and shall be
absolutely due and payable January
1st. \. D. 1885. Said bonds shall have
attached thereto forty (4O) coupons
each representing one-half years in
terest and said bonds and coupons
attached thereto shall be payable at
the office of the village treasurer of /
the village Of Shoshone, in the county
and state aforesaid or at the banking
house of Kountze Brothers in the city
of New York. at the option of the
holder. Said bonds shall be signed /
by the Chairman of the Board OF
Trustees, attested by the Village Clerk |
and countersigned by the Village !
Treasurer, and the coupons thereto at
tached shall bear the original or en-
graved fac-simile signature of the Vii |
lage Treasurer.
Section ?. The said bonds and cou-
pons thereto attached shall be in sub |
stantially the following form:
CForm of Bond.)
UNITED STATES OF AMERICA
State of Idaho County of Lincoln !
Waterworks Purchase Bond
of the
Village Of Shoshone.
No. $4,000
The village of Shoshone, in the couh-
tv of Lincoln and State of Idaho, for
value received acknowledges itself in
debted and hereby promises to pay to
the bearer the sum of Five Hundred
Dollars (s5OO) in lawful money of the
United States of America on the LIST
day of January, y. D. 1885, together
with interest thereon at the rate OF
six 80 per centum per annum, pay
able semi-annually on the 1st day of
July and the 1st day of January IN
each year at the office of the village |
treasurer. or at the banking house of
Kountze Brothers, in the city Of New
York, at the option Of the holder, up |
on presentation and surrender Of this |
bond and the annexed coupons as they /
severally become due.
The right is reserved, however, OF
paying this bond at any time after the
LIST day of January, y. D. 1925.
This bond is issued to provide for
the purchase of a municipal water
works plant and supplying the same
with water for the purpose of furnish
ing water to such village and the in
habitants thereof for all purposes, by
virtue of and in full conformity and
with the constitution of the
state of Idaho. the provisions of Chap
ter IL Of Title 13, Revised Codes of
the State Of Idaho, and all amendments
thereto and all other laws thereunto
,1- I.~- NIL ri a