Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1915-01-22

January 1st, A D 1915. bearing No
Fac-Simile signature)
Village Treasurer.
REGISTRATION CERTIFICATE.
The undersigned. the duly elected.
qualified and acting village clerk Of
the village Of Shoshone. in the county
II Lincoln and state of Idaho does
hereby certify that the within bond
has been duly registered in his Office
in q public record book kept for that
purpose, in fun compliance with the
provisions OF Section 1913 Of the Re
vised Codes Of the State Of Idaho, and
all amendments thereto
N TESTIMONY WHEREOF. wit
nes the hand Of the village clerk Of
ShOshone. Idaho, the -----.- day OF
-.---------.-------------.---- a D. 1915.
do not sign
Village Cierz-
Section 2. The said bonds. when ex-
ccuted shall be delivered 10 James y.
Wright & Company. Of Denver. Col
orado the purchasers thereof, and the
said bonds and the funds derived from
the sale thereof, shall be applied sole
IS 10 the purpose for which they were
issued, to-wit. The purchase q a Wa
terwOrks system and franchise in The
village Of Shoshone. owned by the
Great Shoshone & Twin Falls Water
Power Company. and for The purpose
OF charging and extending the sys-
TEN. but the purchaser Of said bonds
shall in no manner be responsible for
the application or disposal by said sill
lage OF any Of its officers II any Of
the funds derived from the sale there
Of.
Section :. That the interest falling
due on said bonds on July lst, - D.
1915. shall be paid from the general
fund Of said village and for The pIr-
pose Of reimbursing said general fund
for the amount OF interest 50 taken
from It and for the purpose OF provid-
ing funds 70 pay the interest on said
bonds after January 1sL 1915, and TO
constitute and remain a sinking fund
sufficient 10 discharge the principal
thereof at maturity, there shall be
levied on all Of the taxable property
in the village Of Shoshone, in addition
e all other taxes. the following tax:
IN the year 1915, a tax sufficient 70
produce the sum OF 1890 for interest,
In each Of the years 1916 TO 1929
both inclusive, a tax sufficient 10 pro-
duce the sum Of sI0sO for interest
In each Of the years 1925 10 1884
inclusive, a tax sufficient 10 produce
the sum Of $3.50. being s10s0 for in
terezt and $500 for principal
said tax, when collected. shall be
kept by the treasurer Of said village
in separate fund 10 be designated
Municipal Waterwprks bonds, dated
January lst A D. 1918. interest and
sinking fund which shall be irrevoc-
ably pledged 10 and used solely for
the payment Of the interest on and
principal Of said bonds hereby author
lied when due. SO long as any Of
said bonds or the interest coupons
thereto appertaining shall remain out
standing and unpaid. and shall be used
for 10 other purpose whatever until
the Indebtedness 50 contracted under
this ordinance, principal and interest,
shall have been fully paid. satisfied
and discharged
Section . II shall be the duty Of
the Board Of Trustees Of said village
and they are hereby required annu-
ally. al the time and il the manner
provided BY law for the levying Of
other village taxes. 10 ratify and carry
ence TO the levying Of taxes and re-
curing the officers Of and for the
said village TO levy, extend and collect
such taxes in the manner provided by
law for the purpose OF creating q fund
for the payment OF the interest upon
and the principal Of said bonds: and
the said taxes. when so collected. shall
be kept for and applied only 10 the
payment Of said interest and. principal
OF said bonds as hereinbefore specified.
but nothing herein contained shall b.
Sc construed as 10 prevent said village
from applying any other funds that
may be in the village treasury and
available for the purpose 70 the pay
uent q said interest or principal as
the same respectively mature, and the
levy or levies herein provided for may
thereupcn TO that extent be dimin-
ished. and upon the payment Of the
principal Of any Of the bonds issued
hereunder il said manner, g BY the
use Of the sinking fund herein provided
for, the payment OF interest may. u
the extent Of the interest Of the bonds
so paid be diminished.
All orc inalces and resolutions IL the
village Of Shoshone heretofore adopted
in conflict with this ordinance, ar
hereby repealed.
Section g. The acquisition. enlarge
ment and extension CT said water
works system hereinaboye referred 10
being necessary for the immediate
preservation OF the public health and
safety OF the village OF Shoshone and
the inhabitants thereof. an emergency
IS hereby declared 10 exist and this
ordinance shall be in fun force and
effect from and after its passage and
publication
Passed and approved tbs +th day
Of January, A. .. 1915
4 L MCMAHON
Chairman. Board = Trustees
Attest:
HARRY W. ANDERSON.