The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1917-06-15

LataE county, ldahG.
ORDINANCE NO. 149
AN ORDINANCE PROVIDING
FOR THE ISSUE OF $4,000 MU-
COUPON BONDS OF
THE VILLAGE OF KENDRICK,
AND PROVIDING FOR
THE LEVY OF TAXES TO PAY
THE SAME AND INTEREST
THEKEON.
WHEREAS, by Ordinance No.
141 of the Village of Kendrick,
passed and approved March 10th,
1917, an election was called to be
held upon the Oath day of April,
1917, to submit to the qualified
electors of said village, who were
taxpayers therein, the question of
issuing municipal coupon bonds of
said village to the amount of $4,000,
for the purpose Of purchasing the
system of water works of the Kend-
rick Water and Power Company,
Limited, in said village, as in the
said ordinance provided; and due
and regular notice of the said cleo
ton was given in the manner and
form and for the time required by
law; and the said election was duly
and regularly held, and thereat
more than two-thirds of the qualifi-
ed electors, who We're taxpayers in
the said village, voted in favor of
the issuance of the said bonds, as
in the said ordinance provided; and
the said election was duly and regu-
larly held and conducted, the re-
turns thereof duly and regularly
made and canvassed, and the issu-
ance of the said bonds duly and
regularly and legally authorized;
AND WHEREAS, notice of sale
of the bonds so authorized was duly
and regularly given, and proposals
for the purchase thereof called and
received, and the highest and best
offer and bid was made by the
Kendrick State Bank, and accepted
by the trustees of the said village;
NOW, THEREFORE, BE 1T OR.
DAMNED BY THE CHAIRMAN
AND BOARD OF TRUSTEES OF
THE VILLAGE OF KENDRICK
IDAHO:
Section /. That for the purpose
of purchasing the system of waite,
works Of the Kendrick Water anc
Power Company, Limited. in the
Village of Kendrick, Idaho, there
be borrowed by the said village the
sum of $4,000 upon the credit OF
the village; and that bonds be issu
ed therefor in said amount. THAI
the said bonds be dated July LIST
1917, of the denomination of $1,000
each, and numbered from l to S
both numbers inclusive, be due
July LIST, 1887, and bear interest a
five and one-half percent per annun
from their date. payable semi an
nually on the LIST day of Januar,
and of July of each year. Tha
such bonds be redeemable at the
pleasure of said village at any tim,
after the expiration of 10 year.
from the date of issuance thereof
and that each bond be redeemed il
the order of it's number. That sale
bonds be signed by the Chairman Of
the Board Of Trustees, attested b!
the Village Clerk, and countersignet
by the Village Treasurer, and bea
the seal of the Village of Kendrick
That interest upon said bonds b,
evidenced by coupons thereto at
tached, maturing on the severa
dates when such interest natures
and that such coupons be numbered
to correspond with the bonds t,
which they are severally attached
and be signed by the treasurer O.
said village. That such bonds b.
payable at the office of the Village
Clerk in said village.
Section 2. That such bonds ant
coupons be in substantially tn
following forms, to-wit:
Form Of Bond)
UNITED STATES OF AMERICA
STATE OF IDAHO, COUNTY OF
LATAH, VILLAGE OF KEND-
RICK.
MUNICIPAL COUPON BOND.
No. Observation-Disclosures $1OO,
The Village of Kendrick, in tn,
County of Latah, State of Idaho
hereby acknowledges itself to owe
and for value received promises t,
pay to Kendrick State Bank o.
bearer the sum of one Thousand
dollars $4,000 gold coin of tn,
United States, of the present stand
Il q