The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1915-12-30
FUNDING BOND.

U NDlNG DOND-
No. $1,000.
The County of Gem in the State OF
Idaho, for value received, hereby ac-
knowledges itself indebted and prom
ises to pay to the bearer hereof, the
sum of dollars,
in gold coin of the United States of
America, of or equal to the present
standard of weight ard fineness, or
the first day of January. A. d. l? -,
with interest thereon from the date
hereof at the rate of five per centdm
per annum, payable semi-annually on
the first day of January and the flrst
day of July in each year, as evidenced
by interest coupons hereto attached,
both principal and interest payable
at the office of the County Treasurer
of Gem County, in Emmett, Idaho, or
at the banking house of kountze
Brothers in the City and State OF
New York, U. S. A, at the option OF
the holder, upon presentation OF ms
pond or said coupons respectively
This bono is one of series Of Ike
tenor, except maturity, issued by the
Board of County Commissioners OF
the County of Gem, in the State OF
Idaho, for the purpose of provlcing
funds with which to pay and discharge
a like amount of its valid and legal
outstanding Indebtedness pursuant TO
resolution duly adopted by the
Board of County Commissioners Oh
said county at lawful meeting there
of. held prior to the issuance OF this
bond: and under, by virtue Of and IN
respects in full and strict conformity
with the constitution of the State OF
Idaho. and of Title IL, Chapter z, Ar
ticle 6 of the Idaho Revised Codes,
and all amendments thereto, and the
nrovisions of Chapter 20 of the Ses-
sion Laws of Idaho, 1915, beng an
act entitled: can Act authorizing the
Board of County Commissioners OF
any new county which may have been
formed. organized or created pursu..
ant to the acts of the Legislature OF
the State of Idaho, approved suose-
ouent to the first day of January, a.
&. 1911, or which may be hereafter,
formed, organized or created, Tor the
nurpose of causing the business OF
tbe new county to be conducted, as
near as NAV be, on a cash basis, to
nrovide for the Payment of any OUT
standing warrant, bonded or otheL
floating indebtedness assumed by sucn
new county from and prior exlstihg
county and certain other enumerateu
and necessary expenses ncioene W
the organization of such new county,
or for funding an amount OF the new
existing outstanding warrant lnuept-
edness of such new county equal TO
the amount expended by such county
for the purposes herein provided 1or.
with funds obtained from the sale Oh
the bonds of the county, authorizing
tbe issuance of such bonds and pro
vidino for their payment; repeating
all acts and parts of acts lnconslse-
emf with this act, and declaring an
emergency whereby this act shall pc
in force and effect from and after
the massage and approval OF the
same" passed by the Legislature OF
said state at its 1915 session ana ap,
proved February 26, A. ID. 1910, anu
al other laws of the State OF loaho
thereunto enabling.
And it is hereby certified, reciteo
and warranted that all things, acts
and conditions required by the con,
st;tntion and laws of the State OF
Idaho to exist and to happen and De
done and performed precedent TO ahu
in the issuance of this bond, IN oroe5
IN constitute the same the valid ana
binding obligation of said county DO
EXIST and have happened and oeen
done and performed in regular ana
due form and time; that the indebted,
ness for the funding and payment OF
which this bond is issued was lawfully
incurred, and at the time 1t was IN
Cured and of it's funding and pay
nant hereby constituted the vahd:
binding and subsisting obligation OF
said county and was of character
authorized by law to be funded; that
tbe Indebtedness of the county is not
increased; inc by the issue hereof; and
that the total Indebtedness OF SAID
county. including this bond, does not
eyceed anv constitutional or statu-
torv limitation; and that due PROV,
s sSS has been made for the levy and
Collection of direct annual tax upon
ali the taxable property of said coun-
a. in addition to all other taxes, suf-
SCENT to pay the interest accruing
bereon promptly when and as the
same falls due and also to discharge
the principal hereof at maturity.
IT, fa;+b credit and all the tax