Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1915-01-22
ORDINANCE NO. e..

Ar Ordinance providing the form Of
Eighteen Thousand Dollars (S12.ooo)
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 GO. Of the Village Of Sho-
shone. adopted and approved July 9Th.
/ A D 1914. the question OF issting mu-
nicipal coupon bonds Of the said vii
/ lage Of ShOshonc in the amount Of
/ $4,000 for the purpose Of purchasing
( Waterworks system and franchise in
Z the village II ShoshOne owned by the
! Great Shoshone & Twin Falls Water
/ Power Company. and for the purpose
+ Of charging and extending said sys-
tom. 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. 4. D. 1914, and.
WHEREAS. at said election ST votes
were cast in favor Of and i've 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
nth. \. =. 1914. il was determined
that said bonds be issued in the amount
Of $4,000 as aforesaid, should be dated
July 1st, A. y. 1914; should be payable
July lst, 4 D. 1894; redeemable at
any time after July 1st. \ D 1924;
and that the principal and interest Of
said bonds should be payable at the
office Of the village treasurer Of Sno-
shone. OF 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 10 James y. Wright & Company,
Denver. Colorado. al a price Of not less
than par and accrued interest and the
safd purchasers have requested that
Fsaid bonds be issued in the denomina-
ton. bearing date, payable and re-
deamable as hereinafter set forth.
NOW THEREFORE, BE IT OR
DAINED by the Chairman and Board
II Trustees Of the Village Of ShoshOne:
Section !. That the bonds Of the
Village Of Shoshone IL 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 dav Of January. \ y. 1915, at the
rate Of six 90 per centum per annu-n,
payable serni-annually on the Ist day
OF July and the 1st day Of January in
each year, and evidenced by coupons
attached 10 said bonds. Said bonds
shall be numbered in regular and con-
secutive order commencing with num-
Der one %, shall be redeemable after
January Ist, \ D. 1925. and shall be
absolutely due and payable January
1st, \. D. 1885. said bonds shall have
attached thereto forty (40) 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
- r.
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-
3 H.- in
stantially the following form;
Form Of Bond)
UNITED STATES OF AMERICA
State OF Idaho County OF Lincoln
Waterworks Purchase Bond
Of the
Village Of Shoshone.
No s5oo.0o
The village Of Shoshone in the coun-
" Of Lincoln and State OF Idaho. for
value received Acknowledges Itself in
debted and hereby promises TO pay 10
the bearer the sum Of Five Hundred
Dollars $4,000 in lawful money Of the
United States Of America on the lst
day Of January. A 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
lst day Of January. A. D. 1895.
This bond is issued to provide for
the purchase OF q municipal watlr-
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 fun conformity and
compliance with the constitution 4 the
state of Idaho. the provisions OF Chap
ter Il Of Title 1s. Revised Codes OF
the State OF Idaho. and all amendments
thereto and al other laws thereunto
leo ars- nfr~frT- ~ "a