Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1916-06-17

1911, and according TO this ordinance
and all prior ordinances of he village
passed for the purpose of such i'm
proVement
Section g. That there be issued in
the name of the village of Mountain
Home improvement bonds of said
Local Sewerage improvement District
Number One in an amount not ex.
ceeding the aggregate principal
amount of Nine Thousand Seven Hun
dred Eighty Eight dollars (978S. O0)
which bonds shall bear date the
first day of February, A. d. 1916,
and shall bear interest at the rate Of
seven per centum q per cent? per
annum, payable semi-annually on the
first day of February and August in
each year said interest to be evil
denced by coupons attached to said
bonds. Said bonds shall be number
ed i'm regular consecutive order, COM
mencing with number one, shall be
in the denomination of five hundred
dollars each, except the last bond of
the series, which shall be in the de-
nomination of =. E. :. dollars, and
said bonds shall by their terms be
made payable ON or before ten years
from their date. Said bonds and
the coupons thereto attached shall be
payable at the office of the village
treasurer of the village of Mountain
Home, Idaho or at the Chase Ma
tional Bank, in the city of New York,
U. S. A., at the option Of the holder.
Said bonds shall be signed by the
chairman of the board of trustees
and attested by the clerk of the viii
lage and countersigned by the village
treasurer, and shall have affixed there
to the corporate seal of the village.
All coupons shall bear the engraved
fac-simile signatures of the chairman
of the board of trustees, village clerk,
and village treasurer of said village,
and when so executed shall constitute
the binding obligations of said district
for said interest. Each bond shall
refer to the improvement for the pay
ment of which the same shall be is
sued, and shall provide that the
principal sum therein named and the
interest thereon shall be payable out
of the local Improvement fund Great
ed for the payment of the cost and
expense of such Improvement, and
not otherwise.
Section 4. That said bonds and
the interest coupons thereto attached
as authorized by this ordinance, shall
be in substantially the following
form:
UNITED STATES OF AMERICA.
State of Idaho. County of Gilmore.
VILLAGE OF MOUNTAIN HOME
Special Assessment Sewerage I'M
ment Bond.
District Number One
No. :. =. . g.. :. 80
The village of Mountain Home, in
the county Of Elmore and state of
Idaho for value received, hereby ac-
knowledges itself to be- indebted and
promises to pay to the bearer the
sum of =. -. .. .. dollars, in gold
coin of the United States of America,
or the equivalent thereof in lawful
money, on the presentation and sur
render of this obligation on or before
the first day of February, A. d. 1926,
with interest thereon from date until
paid at the rate of seven per centum
per annum, payable semi-annually in
like medium on the first day of Feb
ruary and the first day of August in
each year, on the presentation and
surrender of the proper coupon here
to attached. both principal and inter-
est being payable at the office of
the village treasurer of the village of
Mountain Home, Idaho, or at the
Chase National Bank, in the city Of
New York, U. S. A., at the option Of
the holder
This bond is one of a series issued
for the payment Of the cost and ex-
pense of the construction of a sewer
age system and the sewerage dis
posal works to be used in connection
Herewith in Local Sewerage Improve
ment District Number One, in the
village of Mountain Home, as author
lied by chapter Ia Of title 13 of the
Idaho Revised Codes, as amended by
chapter so of the General Laws of
the state of Idaho, passed at the
Eleventh session of the State Legis-
lature, and all other laws thereunto
enabling, and in conformity with
said laws it is hereby recited that
"the holder of any bond issued under
tho aut oritv IF tbic cha ntar shall