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

ness hereinbefore mentioned as due
and owing by said county to Blaine
County, amounting to the principal
sum of s31, 525, exclusive of interest,
and the Indebtedness h~ereinbefore
mentioned as representing the out
standing warrant Indebtedness of said
county, amounting to the principal
sum of S~3S,259.31, exclusive of inter-
est, and which Indebtedness and each
item thereof, and the interest accrued
thereon has been and hereby is ascer-
tanned and determined to constitute a
binding and subsisting obligation of
said county 10Y outstanding, due and
unpaid, and to pay which, or any part
thereof, there are no funds in the
treasury of said county; and it has
been and hereby is ascertained and de-
termined that the aggregate principal
amount of said Indebtedness is $751;
141.31, and which with the interest ac-
crued thereon exceeds the sum of $780,
144.31 and to pay which, or any part
thereof, there are no funds in the
treasury of said county; and II has
been and hereby is a~scertained and de-
termined hat the aggregate princi-
pal amount of said Indebtedness is
s~SS.141.31, and to pay which, or any
$~SS,141.31, and which, with h inter-
est accrued thereon, exceeds the sum
of S90,144.31 and to pay which or any
part thereof, there are no funds in he
treasury of said county;
WHEREAS Said county was formed,
organized and created pursuant to an
Act of the Legislature of the State of
Idaho, approved January 80, A. ID.
1913, appearing at Capter 6, of the
Session Laws of said year; and
WHEREAS, Said board, in the ex-
ercise of its judgment and discretion,
deems it advisable and in the interests
and for the benefit of said county, and
to enable said county to be placed as
nea as may be, on a cash basis, to is
sue and negotiate coupon funding
bonds of said county to an amount ag-
gregating the principal sum of $4,000
in order to provide funds with which to
pay and entirely discharge a like am
cunt of the outstanding Indebtedness
of said county hereinabove and here
matter mentioned; and
WHEREAS, The said board has
heretofore, and on to-wit: this day and
date ascertained and determined that
the particular Indebtedness of the
county proposed to be retired by said
bond issue constitutes binding and sub
sisting obligations of the county, and
did thereupon cause a certificate oil
determination to be made and entered
in and upon the records of said board
all as and in the manne provided by
Section l., Chapter 20, Session Laws
of Idaho of 1915; and
WHEREAS. 1t is by this board ad'
judged and determined that there
is no way of meeting or paying
the indebtedness due and owing
to said Oneida and Blaine coun
ties and the said outstanding warran
Indebtedness of the county, or an,
part thereof, except by and through
the issuance and negotiation of tn
funding bonds of said county in or
der to provide funds with which t.
pay and entirely discharge said indebt
edness as and in the name herein
above and hereinafter mentioned; an,
WHEREAS, The issuance of sal,
bonds in said amount and for the pur
pose aforesaid will not in anywise I'm
crease the principal amount of the ex
listing Indebtedness of said county; an
WHEREAS, Said bonds have here
tofore by this board, been negotiated
sold and awarded to Keller Brothers
of the City of Denver, State of Colora
do, (the highest bidders ~therefor), an
at the lowest rate of interest at whic
said bonds can be sold at par, namely
at six CD per centum per annum, an
at a price in excess of the par value
together with all accrued interes
thereon; and
WHEREAS, Said board believes
to be their duty to issue said bonds an
cause the same to be delivered to sal
purchasers for said purpose as and i
the name provided by law; Nov
1 Therefore, in consideration of tn
= premises
/, BE IT RESOLVED AND ORDEREl
BY THE BOARD Of COUNTY CON
M~ISSIONERS OF POWER COUNTY
, IDAHO, as follows:
Section /. That it be and hereby
certified, recited and warranted thi
all conditions. acts and things uece'
D sary and essential to the validity
the bonds hereinbcfore and hereina
- ter mentioned and the indebtedness
funded and paid thereby. and requil
S ed by law to be done, have been full
done and performed.
S Section 2. That in order to provit
funds with which to pay and entire'
discharge the amounts due and own
to Oneida and Blaine Counties, and II
legal warrant Indebtedness Of sa
e county appearing in that certain r
port of the Clerk of the District Cou
and Ex-Officio Auditor and Records
and Clerk of the Board of County Cor
d m%issioners of oath June, 1915, and su'
sequently adopted as the report of sa
board of County Commissioners, the
d shall be and there are hereby autho
d lied, ordered and directed to be issue
l. executed and delivered to Keller Br
d Tiers, of Denver, Colorado. upon pa
s. ment being made therefor, the neg
table couI on funding bonds of sa
If county to an amount aggregating d
principal sum of 100000, comprised
IT follows:
Ie Funding bonds of Power Count
a Tl,Io " aYna,,t onaranoffn9 d