The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1917-04-06
ORDINANCE NO. al

lieu elGCtOIS VI odlO HilldSSy VIII
are tax payers therein, the question
of authorizing the issuance of nego-
table municipal coupon Bonds of
said village in the total sum of five
thousand dollars, principal and in
terest payable in gold coin of the
United States of America of the
present standard of weight and fine
ness for the purpose of purchasing
the system of water works of the
Kendrick Water and Power Com
pany, Limited; to fix the number
of such bonds, the denomination
and total amount thereof and the
maximum rate of interest to be
paid; to designate the provisions to
be made to pay such interest as it
falls due, and also to constitute
sinking fund for the payment of
the principal thereof within twenty
years from the date of the issuance
of the same.
Whereas subsequent to the incor-
poration of the Village of Kend-
rick, Idaho, the KendHck Water
and Power Company, Limited, in
stalled, constructed and is now OPP
Grating a system of water works
for supplying water to the said
Village and the inhabitants thereof
for business and domestic use;
And whereas, the cl airman and
the Board of Trustees of said Will
age have examined said water sys-
tenn and estimated the cost of dup
Heating the same at not less than
the sum of eight thousand $1,000
dollars;
And Whereas, the Kendrick
Water and Power Company, Limit
ed, has agreed in writing to sell its
aforesaid system of water works in
said Village, including the springs,
reservoir, reservoir site, and all
machinery, and all mains, laterals,
pipe lines, connections, bitches, n.y.
drants, fixtures, meters, tools and
equipment of every kind or nature
belonging to or used in connection
with the said water system, and all
rights, privileges and appurtenances
thereto belonging for the sum OF
five thousand five hundred ($5, 5000
dollars;
And Whereas, petition has beer
, filed by a number of the electors Of
the Village of Kendrick, Idaho, who
are tax payers therein requesting
the calling of an election for thu
issuance of bonds for an amoun
sufficient to furnish the Village O.
Kendrick. Idaho, with an adequate
municipal water supply;
\ And Whereas, it appears to tn
Chairman and Board of Trustees O.
! said Village that the said Villag
= of Kendrick is without water TO
q fire protection, and that the main
e of said system shonld be extende'
. and improved so as to make tn
n same more efficient and supply al
/ abundance of water to the Villag
d for fire protection, and the inhabi
e tants thereof for domestic and busi
!, ness use;
!, And Whereas. the only way
obtain such relief and install sue
n mains as will be necessary for fir
a protection and to improve and es
= tend said system is by the, purchas
of same by the said Village G
Kendrick at the agreed price 9
five thousand five hundred dollar:
free and clear of all liens and ii
r. cumbrances;
And Whereas, it appears fror
If the financial statement submitte
by the Treasurer of said Village
e according to the assessment for tn
q year 1916, as shown by the asses
- ment rolls in the Office of the Al
v SCISSOR Of Latah County, State {
e Idaho, that the total real estat
n value of said Village is the sum {
e one hundred six thousand seve
is hundred fifty dollars, and that tn
l. total outstanding indebtedness {
e said Village of every kind or natul
' y, is the sum of ----- dollar.
+ and it further appearing to tn
% Chairman and Board of Trustees {
m said Village from the Treasurer
g statement that there is a balance {
If two thousand one hundred fit
N dollars and twenty seven cents c
'r hands in the Village Treasury, ar
> that no bonds are outstandin
y against said Village, and that tt
j. issuance of said proposed bonds fl
d. the sum of five thousand dollar
a will not exceed the amount autho
a lied by the laws of the State {
re Idaho, and will not cause the sa
ID Village to exceed in any year tt
amount of taxation limited by Law
:. Now Therefore, be it ordaine
= by the Chairman and Board (
n Trustees of the Village of Ken