Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1915-01-15
village affixed the LIST day of January

L JOONitAl1.
village affixed the LIST day Of January,
A. D. 1915.
(Do not sign
Chairman, Board of Trustees.
Attest:
(Do not sign)
Village Clerk
Countersigned:
do not sign
Village Treasurer
Nillage seaD
CForm of Coupon)
On the first day Of July Cor Jauu-
ary) a. D. 19.-., the village Of Sho-
shone, in the county of Lincoln and
State Of idaho, viii pay to bearer,
Fifteen Dollars (s15.OO) in lawful mon
ey Of the United States of America.
at the Office Of the village treasurer.
or the banking house Of Kountze
Brothers, in the city of New York, at
the option Of the holder being interest
then due on its municipal coupon bond
issued TO provide for the purchase Of
a municipal waterworl1s plant, dated
January LIST, y. d 1915, bearing No
(Fac- simile signature)
Village Treasurer
REGISTRATION CERTIFICATE
The undersigned, the duly elected
qualified ana acting village clerk Of
the village Of Shoshone. in the county
. of Lincoln and state Of Idaho. does
hereby certify that the within bond
has been duly registered in his office
in public record book kept for that
purpose, in full compliance with the
provisions of Section 2319 of the Re-
vised Codes of the State of Idaho, and
all amendments thereto.
IN TESTIMONY WHEREOF, wit
nes the hand Of the village clerk of
Shoshone, Idaho the - day of
ACKNOWLEDGEMENTS \. D. 1915.
do not sign
Village Clerk.
Section g. The said bonds, when ex-
ccuted shall be delivered to 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
ly TO the purpose for which they were
Issued, to-wit: the purchase Of a wa
tcrWorks 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-
tenn, but the purchaser of said bonds
shall in no manner be responsible for
The application or disposal by said viii
lage or any Of its officers Of any Of
the funds derived from the sale there
of.
Section 4. That the interest falling
due on said bonds on July list, "A d.
1915. shall be paid from the general
fund Of said village and for the pur-
pose of reimbursing said general fund
for the amount of interest so taken
from it and for the purpose Of provid-
ing funds to pay the interest on said
bonds after January LIST, 1915, and to
constitute and remain a sinking fund
sufficient to discharge the principal
thereof at maturity, there shall be
levied on all of the taxable property
i'll the village of Shoshone, in addition
to all other taxes, the following tax:
In the year 1915, tax sufficient to
produce the sum of 1920 for interest,
In each of the years 1916 to 1924
both inclusive, tax sufficient to pro-
duce the sum of s10S0 for interest
In each of the years 1925 to 1884
inclusive, tax sufficient to produce
the sum of $3.50, being s10S0 for in
tcrest and $500 for principal
Said tax. when collected, shall be
kept by the treasurer of said village
in a separate fund to be designated
Municipal Waterworks bonds, dated.
January 1st, ~ D. 1915, interest and
sinking fund" which shall be irrevoc-
ably pledged to 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 no other purpose whatever until
the Indebtedness so contracted under
this ordinance, principal and interest
shall have been fully paid. satisfied
and discharged.
Section 5. 1t shall be the duty of
the Board of Trustees of said village
and they are hereby required annu-
ally, at the time and in the manner
provided by law for the levying of
other village taxes, to ratify and carry
out the provisions hereof with refer
ence to the levying of taxes and re-
quiring 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 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 principal
of said bonds as hereinbefore specified,
but nothing herein contained shall be
Sc construed as to prevent said village
from applying any other funds that
may be in the village treasury and
available for the purpose to the pay
ment of said interest or principal as
the same respectively mature, and the