American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1915-01-21

the following direct ANIMAL az valorem
tax, to-wit: Beginning. with and in
each of the years 1915 to 1884, inclus-
i've, a direct tax for interest, suffic-
lent to raise annually a sum equal 10
the interest accruing IN said bonds;
ana in each of the years 1925 to 1884
inclusive, a further tax for principal,
sufficient to annually retire one-tenth
of the principal amount of said bonds;
and said tax, when collected, shall be
kept in a separate fund to be known as
and designated Highway District No.
.... of Power County, Idaho, bond inter
est and sinking fund.-" which shall be
i~rrevocably pledged to and used sole
ly for the payment of the interest on
and the principal of the said bonds
hereby authorized when due, so long
as n of said bonds or the interest
coupons thereto appertaining remain
outstanding and unpaid; and for great
er certainty the Board of County
Commissioners of said County shall In
each of said years 1915 to 1884, both
inclusive, include the bond tax herein
above levied for such year in the an
nual estimate for said highway dis
trict for such year and said bond tax
shall in each of said years be certi-
fled, extended upon the tax rolls, and
collected by the same officers, in the
same manner and at the same time as
the taxes for general county purposes
for said county are certified, extended
and collected.
IL. 1t shall be the duty of the Board
of County Commissioners and they are
hereby required annually at the
time and in the ann provided by
law for the levying of other taxes, to
ratify and carry out the provisions
hereof with reference to the levying
of taxes, and requiring the officers of
and for said county to levy, extend and
lect such taxes in the provid-
ed by law, for the purpose of creating
a 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 to
the payment of said interest and prin-
cipal of said bonds as hereinbefore
specified, but nothing herein contained
shall be so construed as to prevent
said district from applying any funds
h a may be In the treasury and avail
able for that purpose to the payment
or said interest or principal as the
same respectively mature and the levy
or levies herein provided for may
~thereupon to tht extent be diminish
ed, and upon the payment of the prin-
clpal OF any of the bonds issued here
under In said manner, or by the use
OF the sinking fund herein provided
Tor, the levy or levies herein provided
for the payment Of interest may to
the extent OF the interest on the bonds
so paid be diminished.
IL. That all resolutions or parts
thereof, heretofore passed or adopt
ed, in conflict with the provisions of
this resolution be and the same are
hereby repealed.
IL. That this resolution shall be In
full force n effect Immediately upon
its adoption.
The motion was duly seconded by
commissioner s. l.. Payne, and the
question being upon the adoption of
the foregoing resolution, the roll was
called with the following results:
President r. b. Greenwood Ave
Commissioner e. e. Earring .......Aye
Commissioner S. l.. Payne.Ave
And he motion was by the president
declared carried and the foregoing
resolution duly and unanimously ad-
opted.
There being no further business to
come before the meeting, the same adj
journed.
APPROVED, December 2Sth, 1914.
r. B. GREENWOOD,
President.
tSEAL) 3. E. EARRING.
,..o... Member.
WIN. SCHMIDT,
Secretary.
Date of LIST publication, Jan. Z, 1915.
Date or n publication, Jan. IA 1919