The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1917-03-23

not exceeding six percent per an
mum, payable at the Office of the
Treasurer, of said Village, at the
option of the holder of said bonds. i
Section 2. That there shall be
five of such bonds in the principal
sum of one thousand dollars each.
making total bond issue of five
thousand dollars, and the same
shall be known as negotiable mum
icipal coupon bonds of the Village
of Kendrick, in Latah County, State
of Idaho; that each Of such bonds
shall be made payable twenty years
from the date of issuance. and shall
be re1eemable at the pleasure of
said Village at any time after the
expiration of ten years from the
date of issuance; that such bonds
shall be numbered consecutively in
the order of their issuance, and
each bond shall state on its face
the amount for which same is issued
and the date of issuance, and shall
be made payable to the purchaser
Whose name shall be designated
therein), or bearer, and each bond
shall recite that it is issued in con-
formity with Chapter IL of Title 13
I of the Political Code of Idaho las
amended by laws of 1909, page TIA,
and as further amended by laws of
1911. CHAPTER 3O.)
Section 8. There shall be attach
ed to each of said bonds when nego-
tiated semi-annual interest coupons
covering the interest expressed in
the bond from the date of issuance
until paid.
/ Section 4. That such bonds shall
be signed by the Chairman of the
Board of Trustees and attested by
the Village Clerk and be counter
signed by the Village Treasurer and
bear the seal of the said Village of
Kendrick; that each coupon attach
ed to said bond shall have annexed
to the same number correspond
ing to the number of the bond and
be signed by the Treasurer of said
Village. .
Section 5. That the purpose of
such bond issue is to provide funds
to purchase the system of water
works owned and operated by the
Kendrick Water and Power Com
pany, Limited, in the said Village
of Kendrick, under and by virtue
of authority given and granted by
sub division No. l of Section 2315
of the Political Code of Idaho, as
amended by an act of the Legisla-
ture of the State of Idaho, approved
March 10, 1909 claws 1909 page
174,) and as further amended by
.. an act of the Legislature of the
State of Idaho, approved March 3
: 1911 laws 1911, Chapter 30)
that the proceeds from the sale Of
; such bonds shall be used exclusivel!
for the purpose for which such
bonds are issued.
Section 6. That the Clerk 0:
,, said Village be, and he hereby is di
rected to give notice of the time
and place and purpose of such cleo
ton, and cause said Notice to b.
: published in the Kendrick Gazette
: a weekly newspaper of general cir
: culation printed and published il
the said Village of Kendrick; tina
, said notice shall be published il
! each issue of said paper for at leas
80 days before the time in this or
: dinance fixed for such election
E that such election shall be conducte'
Z as other general elections held il
l said Village, and the Judges o
> Election appointed by the Trustee
: of the Village of Kendrick be ant
they hereby are designated as tn
! Judges to conduct the special cleo
ton herein provided.
- Section 7. That such electio
shall be held in the Council Roor
of the City Hall Building. situat
3 on Lot Block IA, Original Tow
o of Kendrick, IN said Village O
: Kendrick, Latah County. State O
= Idaho, and the polls shall open a
. the hour of nine o'clock A. M. an
+ remain continuously open from tina
- time until seven o'clock P. M. Q
:. said day.
e Section 8. That the voting a
# such election shall be by ballot
s that the ballot to be used at sue
# election shall be in substantial
v the following form, to-wit:
n "OFFICIAL BOND ELECTION
u BALLOT"
% Especial Election held in tn
~ Village of Kendrick, in Latah Coul
. ty, State of Idaho, on the Oath da
~ of April, A. D. 1917.
# Mark your ballot in the circle OF
\ posite your choice, thus tx
~ In favor of issuing bonds to tn
amount of Five Thousand Dollar