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

1@' hiN Il AOunlN luduO, dC- |
knowledges itself to owe and for value
received hereby promises to pay TO the
bearer hereof the principal sum of
Five Hundred Dollars on
January LIST, A. ID. H..
together with interest on said sum
from the date hereof until paid at the
rate of six per centum per annum,
payable semi-annually on the first day
or January and July, respectively, i'm
each year as evidenced by and upon
the presentation and surrender of the
interest coupons hereto attached as
they ~severally become due; and both
said principal and interest are hereby
made payable in lawful money of the
United States of America, at the Ma
tional Bank of Commerce, in the City
and State of New York, U. S. A.
This bond is issued by said county
Tor the purpose of providing funds
with which to pay and discharge a like
amount of its valid and legal outstand-
ing Indebtedness pursuant to a reso-
luton duly adopted by the Board Of
County Commissioners of said county
at a lawful meeting thereof held prior
TO the issuance of this bond; and un-
der, by virtue of, and in all respects ii
full and strict conformity with the
constitution and general laws of the
state and the provisions of Chapter
20, of the Session Laws of Idaho of
1915, being an Act entitled: IAN Act
J authorizing the Board of County Com
missioners of any new county which
may have been formed, organized or
created pursuant to the acts of the
legislature of the State of Idaho, ap-
proved subsequent to the first day of
d January, A. ID. 1911, or which may be
hereafter formed, organized or created,
for the purpose of causing the bust
ness of the new county to be conducted
as near as may be, on a cash basis. to
provide for the payment of n out
: standing warrant, bonded or other
floating Indebtedness assumed by
such new county from my prior ex-
I listing county and certain other enum
y Grated and necessary expenses Incl
dent to the organization of such new
county, or for funding an amount Of
the o existing outstanding warrant
Indebtedness of such new county eq-
: ual to the amount expended by such
county for the purposes herein provid-
q ed for, with funds obtained from the
sale of the bonds Of the county, auth
orizing the issuance of such bonds and
providing for their payment; repeating
, all acts and parts Of acts Inconsistent
d with this act, and declaring an emer-
gency whereby this act shall be In
force and effect from and after the
passage and approval of the same
passed by the Legislature of said state
u at its 1915 session and approved Feb
II ruary 26, A. d.. 1915.
And 1t is hereby certified, recited
u and warranted that said county is now
and has been for some time past q
body polite and corporate duly or
ganized, existing and operating under
and by virtue of the constitution and
statutes of the state of Idaho, and al.
ways has been and now is under the
control of a duly organized board Of
County Commissioners as the duly
constituted corporate authority there
~ of; that all things, acts and conditions
required by the constitution and laws
of the State of Idaho to exist and tC
happen and be done and performed
10 precedent to and in the issuance Of
this bond, in order to constitute tho
same the valid and binding obligation
Of said county, do exist and have hap
pened and been done and performed IL
regular and due form and time; tina
the indebtedness for the fundment and
i, payment of which this bond is is
- sued was lawfully incurred only FOL
10 the ordinary and necessary expenses
Iv of the county authorized by the con
~stitution and general laws of the state
10 and at the time II was incurred ant
IA of its fundment and payment hereb.
constituted the valid, binding and sub
~ sisting obligation of said county ant
or was of a character authorized by Law
to be funded; that the Indebtedness O
the county is not increased by tn
IA issue hereof; and that the total indebt
no dness of said county, including thi
r. bond, does not exceed any constitu
"a tional or statutory limitation; and tina
n due provision has been made for tn
" levy and collection Of a direct annua
ad valorum tax upon all the taxabl
i'd property of said county I'm addition {
he all other taxes, sufficient to pay tn
as interest accruing hereon prompt
when and as the same falls due an
also to discharge the principal here
he OF at maturity.
d. The faith, credit. and all the taxabl
Is, property within the limits of sal
70, county are hereby solemnly pledge
b for the punctual payment Of the inter
est and redemption OF the principal
of this bond. respectively, as the sam
A become due and are payable as afor'
cir said.
81 IN TESTIMONY WHEREOF, Pow'
nj County, Idaho, by its board Of Count
st, Commissioners, has caused this bon
in TO be signed by the chairman OF sal
On, board and attested by the Clerk r.
m spectlyely OF said board and by hi
ew sealed with the seal Of said boar
m ard countersigned by the county trea
Or urer, and each OF the annexed intere
coupons to be signed with the engra
II. ed facsimile signature OF said coun'
treasurer. as OF the first day Of JaI
" uary, A. d., 1915.
W. s. SPARKS.
10, Chairman Board of County Commi