The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1916-03-24
ORDINANCE NO. 1s1

|
Ing Of a special election i'm the city OF
BlackfOOt for the purpose of submit.
ting to the qualified electors who are
| Taxpayers thereof, the question of the
Issuance of municipal coupon bonds OF
said city I'm the sum Of TWENTY-FIVE
thousand two hundred fifty dollars, fol
| the purpose of providing funds neces.
sary to pay the cost and expense OF
paving, grading, eurbfng and gutterfna
provement District No. is, i'm said city
known as approaches to alleys, street
Intersections and cross walks.
| To provide for the collection Of an
annual tax upon all the taxable prop
| sufficient to pay the interest ON such
bonds ms II falls due, aud to create
and constitute a sinking fund for the
payment of the principal thereof within
suance of the same as they become due,
And providing for the giving Of due
and lawful notice and appointing Of
| ficers of said election.
council of the city Of Blackfoot. idaho:
Section /. That a special election OF
the qualified electors, who are tax-pay-
ers thereof of the city Of Blackfoot,
ninth day Of May, 1916. for the purpose
of submitting to the said electors, the
question of the issuance by said city
of its municipal coupon bonds IN the
denomination Of one thousand dollars
each, as near as practicable, payable
within twenty years from the date Of
issuance; redeemable at the pleasure OF
said city at any time after the expira-
ton of ten years; bearing interest at
rate not to exceed six per cent per
not to exceed the sum OF twenty-five
thousand, two hundred fifty dollars,
and to provide for the levying and
collecting of an annual tax upon al
Asxy Ia In
Blackfoot sufficient to pay the inter-
est on said bonds as 1t falls due, and
to create and constitute sinking FUND
for the payment at any time after ten
principal of said bonds as they respec-
lively become due, for the following
purposes, to wit
To provide funds necessary for the
payment of the cost and expense OF
paving. grading, curbing and gutter
provement District No. 1S, In said city,
known as approaches to alleys, street
intersections and cross walks.
To conform with other and like i'm
Of the property owners .abbutting,
fronting, contiguous and tributary to
the streets in said Improvement dis
trict as provided in and by ordinance
No. 100 of said city.
Said bonds, If authorized to be issued
who are Taxpayers thereof of the said
city, shall be payable twenty years
from their date of Issuance but snail
be redeemable at the pleasure of said
of ten years from the date of said
issuance and each bond shall be re-
deemed in the order of it's number. T
Said bonds shall bear interest not to
exceed six per cent per annum, said IN,
shall in all respects comply in form
and issuance with the provisions OF
Chapter IL, entitled: Municipal I'M
provement bonds" Political Code, Vol;
of the Revised Codes of Idaho and the
amendments Of Section 2315, approved
March 10, 1915, and section 2316 and
1919, approved March 5, 1913, of said
chapter of said codes.
Section 2. That in order to provide
for the payment of interest on such
of said bonds as are authorized to be
issued at the election herein PROVIDED
for, and to constitute a sinking fund
for the payment of the principal thereof
at maturity, direct tax, In addition to
all other city taxes, shall be levied and
collected annually on all the taxable
within the said city of Black
foot, sufficient to meet the interest on
such bonds as may be issued and out
standing from time to time. promptly
as the same natures, and also sufficient
to establish and maintain sinking
fund which shall be. sufficient to pay
all DOnUS Cdlleu III dLl0I Lcu ySdlc dhu
before the maturity thereof, and also
to promptly meet the payment of all
bonds outstanding at their maturity.
Section 8. At least thirty days no.
tice of the time of holding said special
election is hereby directed to be given
by publication in The Blackfoot. Opti-
mist, the official newspaper of said
city; and in The Idaho Republican,
both of said papers published within
the corporate limits of said city OF
Blackfoot and having a general circu-
lation therein; and said election shall
ordinances Of said city and the laws
Of the state of Idaho, in such cases I
made and provided.
Section 4. The voting at said cleo
tdon shall be by ballot, and the ballots
shall be so prepared as to permit the
electors to express their desire on the
Issuing Of said bonds. The form of
the ballot shall be substantially as fol-
lows, to wit:
"In favor of issuing bonds to the
amount of twenty-five thousand,
two hundred fifty dollars for the
purpose stated in ordinance No.