Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1917-06-14

following questions for their vote and
reorganization at the said election:
Question Submitted:
i "Shall Grangeville Highway District.
in Idaho County, State of Idaho, and its
Highway Board, be. empowered and
authorized to issue the negotiable
coupon bonds of the District in the
amount of $35, 100000 bearing interest.
ut rate not to exceed six per cent per
annum; said bonds to bear date July /,
l9l7, payable twenty years after date
and redeemable after ten years after
date; interest to be paid semi annually
on January and July each year; for
the purpose of constructing, improving
and repairing highways in said Grange
Vile Highway District, and in parti-
cular to construct and improve that GER
tain highway within Grangeville High
way District to be known as the State
highway, and also for the purpose of
purchasing material and machinery and
defraying necessary expenses of the
district in connection therewithf''
The said qualified voters, voting as
aforesaid, shall vote upon said question
by secret ballot, and the ballots used
shall be substantially as follows:
I" In favor of issuing bonds to the
amount of $35,O00.00 for the purpose
stated in the resolution of June 2,
1917
Against issuing bonds to the amount
of $35,000.00 for the purpose stated in
the resolutions of June 2, 1917"
The qualified electors desiring to vote
against said bond issue shall vote by
ballot containing the words, against
issuing bonds to the amount of $35,000.-
90 for the purpose stated in the resolu-
ton of June 2, 1917
The qualified electors desiring to vote
in favor of said bond issue shall vote
by ballot containing the words, elm
favor of issuing bonds to the amount
of $35,OO0O0 for the purposes stated
in the resolution of June 2, 1917"
The polls for the reception of the
ballots east upon said question will on
said day and date at the place aforesaid
be oponed at the hour of eight clock
A. M. and will remain open until the
hour of seven o'clock P. M. of the same
day when they shall be closed.
F. W. Cole,
President of Highway Board, Grange
vile Highway District
Attest: A. H. Wetherbee,
3-3 Secretary.
6. That the following provisions be
made to pay the interest on such bonds
as it falls due and also to provide
sinking fund for the payment of the
principal of such bonds within twenty
years from the time of the issuance of
the same.
The interest falling due on said bonds
on January l, 1918, shall be appropriat-
ed and ordered paid out of the general
g., Il.
said general fund for the amount so Dor
rowed from it, and also to pay subse-
quently acruing interest and to provide
sinking fund sufficient to pay the
principal of said bonds at maturity
there will be levied upon all the taxable
property in said district in addition to
all ether taxes the following direct tax,
to-wit:
In the year 1917, tax sufficient to
pay an amount equal to one and one
half times the annual interest on such
bonds;
In each of the years 1919 to 1926,
both inclusive, tax sufficient to pro-
duce the net sum of one year s interest
on such bonds;
In each of the years 1927 and 1895,
both inclusive, a tax sufficient to pro-
duce the net amount of one year Is inter
est on such bonds together with one
tenth of the principal of the bonds
In the year 1926, a tax sufficient to
produce the net amount of interest
equal to one and one-half the annual in
terest on such bonds, together with one
tenth of the principal of such bonds.
Provided, however, that in the event
of the redemption of any of the said
bonds prior to absolute maturity, the
tax levy hereby designated shall be re-
duced proportionately.
8. That all acts, orders or resolu-
tions, or parts thereof, in conflict with
this resolution and order, be and the
same are hereby reseinded and annuled.
There being no further business the
board then adjourned.
F. w. Cole, Chairman.
Attest: A. II. Wetherbee, Secy.