Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1916-09-09


bonds shall be numbered in regula
September, A. ID. 1916, and shall bes
= interest at the rate of seven pe
centum q per cent? per annum, pa.
able semi annually on the first day
of September and March in each yea
said interest to be evidenced by COZ
pom attached to said bonds. Sal
bonds shall be numered in regula
and conecutiVe order, commencin
with number one, shall be in the DE-
nomination of five hundred dollar
each, except the last bond of tn
series, which shall be in the demon!
nation OF .......... dollars, and sal
| bonds shall by their terms be mad
payable on or before ten years from
their date. Said bonds and the cou
pom thereto attached shall be payabl
at the office Of the village treasure
of the village of Mountain Home, Ida
no, or at the Chase National Bank
in the city of New York, U. S. A.
at the option of the holder SAX
bonds shall be signed by the chairman
of the board of trustees and attestet
by the clerk of the village and coun
tersigned by the village treasurer
and shall have affixed thereto the
corporate seal of the village. AL
coupons shall bear the engraved fac
smile signature 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 dis
trict for said interest. Each bond
shall refer to the Improvement for
the payment of which the same shall
be issued, 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 L. That said bonds and
interest coupons thereto attached as
authorized by this ordinance, shall
be in substantially the following form
Form of Bond)
UNITED STATES OF AMERICA
State of Idaho, County of Gilmore.
VILLAGE OF MOUNTAIN HOME
Special Assessment Sewerage I'M
provement Bond.
District Number Three
No.... So.
The village of Mountain Home, in
the county of Gilmore and state of
Idaho, for value received, hereby &C
knowledges itself to be indebted and
promise 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 surrender of
day of September, A. d. 1927, 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 Sep
TENDER and the first day of March
in each year, on the presentation
and surrender of the proper coupons
hereto attached, both principal and
interest being payable at the office
Of the village treasurer Of the village
ofMountain Home, Idaho, or at the
Chase National Bank, in the city and
state of New York, U. S. A, at the
option of the holder.
This bond is one of a series for
the payment of the cost and expense
of the contraction of a sewerage sys
TEN and lateral sewers to be used in
connection Herewith in Local Sewer
age Improvement District Number
Three, in the village of Mountain
Home, Idaho. as authorized by chap.
ter IA of title 13 of the Idaho Re.
Wsed Codes, as amended by chapter
80 of the General Laws of the state
of Idaho, passed at the Eleventh
Session of the State Legislature, and
all other laws thereunto enabling an6
in conformity with said laws 1t is
hereby recited that the holder of any
bond issued under the authority Of
this chapter shall have no claim
therefor against the city, town Of
village by which the same is issued
in any event, except for the collec
ton of the special assessment made
for the work or improvement fol
which said bond was issued, but thi.
remedy, in case of nonpayment, shall
be confined to the enforcement O
such assessment" The principal sun
herein named and the interest theron
shall be payable out of the local i'm
provement fund created for the pay
ment of the cost and expense o
such improvement, and not otherwise
This obligation is noet to be deemed
or taken to be within, or any par
Of the limitation imposed by law a!
to the indebtedness of said village.
1t is hereby further certified and re
cited that all the requirements of Law
have been fully complied with by tn,
proper officers in the issuance of thii
bond, and that the total amount o.
this issue does not exceed the imita
ton prescribed by law.
For the collection of the assess
ments levied in said Local Sewer
age Improvement District Number
Three, the village of Mountain Home
hereby pledges the exercise Of al
lawful corporate powers.
IN TESTIMONY WHEREOF, the
board of trustees of the village oil
Mountain Home has caused this bond
to be signed by the chairman of the
board of trustees Of said village and
attested by the clerk thereof under
the seal of the village, and counter
signed nv the village treasurer and