Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1916-10-14
District Number Three.

/ NO. p'''''.''''
The village of Mountain Home, in
the county of Elmore and state OF Ida
no, for value received, hereby acknow-
! lodges itself to be indebted and
promises to pay to the bearer the
sum of E. :. :. :. E. -.
dollars, in gold coin of the United
| States of America, or the equivalent
thereof in lawful money, ON the pre-
sentation and surrender of this obi
cation on or before the first day OF
September A. d. 1926, with interest
thereon from date until paid at the
rate of seven per centum per annum
payable sem-annually i'm like medium
on the first day of September 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 pay
able at the office of the village
treasurer of the village of Mountain
Home, Idaho, or at the Chase Nation
al Bank, in the city and state of New
York, U. S. A., at the option of the
holder.
This bond is one of series for
the payment of the cost and expense
of the construction Of a sewerage
system and lateral sewers to be used
in connection Herewith In Local
Sewerage Improvement District Num-
Der Three in the village of Mountain
Home, Idaho, as authorized by chap
ter IA of title 10 of the Idaho Re-
vised Codes, as amended by chapter
80 of the General Laws of the state
of Idaho, passed at the Eleventh Ses-
sion OF the State Legislature, and all
other laws thereunto enabling and in
conformity with said laws it is here
by recited that "the holder of any
bond issued under the authority OF
this chapter shall have mo claim there
for against the city, town or village
by which the same is issued. In any
event, except for the collection OF
the special assessment made for the
work or improvement for which said
bond was issued but this remedy, in
case of non-payment shall be con-
fined to the enforcement of such
assessment" The principal sum here
in named and the interest thereon
shall be payable out of the local i'm
proyement fund created for the pay
ment of the cost and expense of such
improvement, and not otherwise.
This obligation Is not to be deemed
or taken to be within, or any part Of
the limitation imposed by law as to
the Indebtedness of said village.
1t is hereby further certified and
recited that all the requirements OF
law have been fully complied with by
the proper officers in the issuance
of this bond, and that the total
amount of this issue does not exceed
the limitation prescribed by law.
For the collection of the assess
ments levied in said Local Sewerage
Improvement District Number Three,
the village of Mountain Home here
by pledges the exercise of all lawful
corporate powers.
IN TESTIMONY WHEREOF, the
board of trustees of the village OF
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 by the village treasure, and
has likewise caused the interest
coupons hereto attached, In lieu OF
being so signed, to be signed by hay
ing printed thereon the fac-simile
signatures of said officers, as Of the
first day of September A. D. 1915.
STANTON PARK.