Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1916-11-09
Council of the City of Payette:

issuing by the said City, municipal
coupon bonds in denominations OF
$500 and $1,000, each payable at the
end of twenty years from the date
of issuance, and redeemable at the
pleasure of the said City at any
time after the expiration of ten
years from the date of such issu-
ance, bearing interest at rate
not to exceed six per centum per
annum, interest payable semi-annual-
ly, in and not to exceed the sum
of $4,000 and to provide for the levy
and collection of an annual tax up
upon all the taxable property with
in the corporate limits of the City
of Payette sufficient to pay the in
terest upon said bonds as 1t be-
comes due and to create and con-
stitute sinking fund for the pay
ment of the same at any time
after ten years or at the time of
the maturity thereof, for the pur-
pose of paying the necessary ex-
peuSeS ilSdlieu In dOquii lDS d mum
cipal water works plant for supply
ing the said city and the inhabi-
tants thereof with sufficient sup
ply Of water for domestic and other
purposes, by sinking a well, laying
a wood pipe line directly connect
ing the reservoir of the said city
with the municipal pumping plant
and adding to the present reservoir
of said city by adding an additional
section thereto of the same size as
the present reservoir now is, which
shall be constructed of cement and
sand and gravel in such proportions
as are necessary to make a good
substantial wall to retain the water
to be stored, plans of which are on
file in the office of the City En-
gineer, to which reference Is here
by made.
Said bonds, if any are authorized
to be issued by said city, by the
vote of the qualified electors there
of who are tax payers of said city,
shall be payable twenty years from
the date of issuance, but shall be
redeemable at the pleasure of the
said city at any time after the
end of ten years after the date Of
said issuance. Said bonds shall bear
interest at a rate not to exceed six
per centum per annum, interest to-
be due and payable semi annually,
and shall in all respects comply in
form and issuance with the pro-
visions of Section 2315 to 2371 of
the Idaho Revised Codes, and the
amendments thereto as found in the
Session Laws of the State Of Idaho,
for the years 1909, 1913 and 1915.
Section 2. That in order to pro-
vide for the payment of the inter-
est ON said bonds If any are au-
thorized to be issued at the cleo
ton herein provided for, and to con-
stitute sinking fund for the pay
ment of the principal thereof at
maturity, a direct tax, i'm addition
to all other city taxes, shall be
levied and collected annually on
al OF the taxable property within
the city of Payette sufficient to
meet the interest on all of such
bonds as may be issued and out
standing from time to time, prompt
ly as the same natures and also
sufficient to establish and maintain
a sinking fund which shall be suf-
ficient to pay the principal of all
bonds outstanding at their maturi-
ty.
Section g. At least thirty days
notice of the time of holding of said
special election is hereby directed
% be given by the City Clerk Of
said City, in the Payette Enterprise,
| weekly newspaper printed and
published in the said City of Pay
'tte, the official newspaper of said
lily, and said election shall be
conducted in accordance with the Or
finances of said City and the laws
# the State of Idaho, in such cases
nade and provided.
Section 4. That the voting at said
pecial election shall be by ballot
nd the ballots shall be so prepared
s to permit the electors to ex-
ress their desire for or against the
ssuance of said bonds, and such
allots shall be substantially as |:
blows, to-wit:
In favor of issuing bonds to the
mount of $4,000 for the purpose stat
in ordinance No. 1856.
Against issuing bonds to the
mount of $4,000 for the purpose stat
/ in ordinance No. 286.
The choice of the elector shall
3 expressed by his placing cross
X in the appropriate circle to be
'ovided for on said ballots to be
divided.