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

III tut year ls<ts q tHA cutitStCut W |
produce the net sum Of $1S,S20, being
s4.320 for interest and $4,000 for prin-
cipal:
In the year 1926. a tax sufficient to
produce the net sum Of $12,7S0, being
$3.50 for interest and $4,000 for prin-
cipal:
In the year 1927. a tax sufficient to
produce the net sum of s12.240, be-
ing sS,240 for interest and $4,000 for
principal;
In the year 1928. a tax sufficient to
produce the net sum of Sill 700, being
$4,000 for interest and $4,000 for prin-
cipal;
In the year 1929. a tax sufficient to
produce the net sum of Si1 .160. being
s2,160 for interest and $4,000 for prin-
cipal:
In the year 1880, a tax sufficient to
produce the net sum of $l0.620. being
$3.50 for interest and SO. 1000 for prin-
cipal:
In the year 1891. a tax sufficient 10
produce the net sum OF Sl0,0SO, being
Sl.0S0 for interest and $4,000 for prin-
cipal;
In the year 1892 a tax sufficient to
produce the net sum of $3.50, being
$540 for interest and $4,000 for prin-
cipal;
and said tax when collected shall, by
the %treasurere of said county, be kept
In n separate fund to be known as and
designated Funding Bonds. dated
January 1. A. D.. 1915, interest and
Sinking Fund" which shall be ire
vocably pledged to and used solely for
tlo ,ax..t ~ th. t,tnrnct aud nrtn
cipal OF the said bonds hereby author
lied when due, so long as any of said
bonds or the interest coupons thereto
appertaining remain outstanding and
unpaid; and for greater certainty the
board of County Commissioners of
said county shall in each OF said years
1915 to 1892. both inclusive, include
the bond tax Eereinbefore levied for
such year In the annual estimate for
said county for such year., and said
bond tax shall In each of said years
be certified. extended upon the tax
rolls and collected by the same offic-
ers, In the same manner. and at the
same time as the taxes for general
county purposes for said county are
certified, extended and collected.
Section 6. That on the 18th days OF
June and December, respectively. In
each year., so long as any OF the inter
est coupons appertaining to the bonds
hereby authorized to be issued, remain
outstanding and unpaid. the treasurer
of said county shall and he IL hereby
authorized, ordered and directed to re,
NIT by and through the purchasers Of
said bonds by New York draft to tn,
National nanl nf rnn,mnreA I'm IN.
City and State OF New York, u. 8. A.
n sum sufficient to pay the semi-an'
nual interest accruing on said bondi
on the first days of January and July
respectively, In each year, and any ant
all escrow charges made by said banl
for handling said coupons; and on tn,
18th day OF December, A. d., 1924, ant
December 18th thereafter up to and In
Guiding the year 1888. the said count,
treasurer shall and he Is hereby auth
orized, ordered and directed. In add
ton to the sun required to meet tn,
interest accruing on said bonds AZ an,
In the manner h~ereinabove mentioned
out of the sinking fund created unde
The provisions of this resolution, b,
and through the purchasers of sat
bonds to remit by a New York draf
to the said National Bank of Commerce
, I'm New York, u. s. A., n sum sufficien
to pay the principal amount OF all o
the said bonds, together with all In
terest accrued thereon, as they re
; spectively mature, and any and al
escrow charges made by said bank 70
: handling tho same.
= Section 7. That the chairman an,
Clerk Of said board, and the clerk an
j, treasurer, respectively, of said coun
ty, Tor any or either of them), ar
hereby authorized. ordered and direct
+, ed 10 furnish the aforesaid purchaser
of said bonds with such certificates
transcripts or other documents as wi
. fully evidence the proceedings ha
; preliminary to the issuance of sal
! bonds. the regularity and sufficienc
7 thereof, and the validity OF the indehl
edness of said county funded and pal
: thereby; and the acts Of any one. eitl
!, or or all of said officers In the prem
u ises are hereby declared authorized
G ratified, approved and confirmed.
: Section 4. That the provisions {
this resolution and order and each {
y the funding bonds and each OF the IL
= terest coupons issued pursuant theret
:, shall constitute and the same ar
: hereby declared to be n binding an
~irrevocable contract between sal
u county and the purchasers OF sal
bonds and The holder from time
u time of each of said bonds and the In
terest coupons thereto appertaining.
Section o. That an emergency
declared TO exist and this resolutio
shall be In full force and effect lmm'
diately upon It's adoption and approvi
= and shall be i~rrepealable until the II
%debtedness represented by said bono
u both as to principal and interef
shall have been fully paid. s~atisfI,
Al and discharged.
Section 10. That all resolutions al
" orders, or parts thereof. h~eretofo
adopted In conflict with the provision
hereof or which would In any WI
a, prevent the passage and adoption
n, this resolution and order at this NEE
A.Ata .