American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1919-08-01

connection Herewith in sufficient
amount to assist the said board of
highway commissioners in the con-
struction, improvements, or repairs
of said highways, or for the building
of permanent roads, it is therefore
deemed, and hereby declared neces-
sary for the said highway district TO
borrow money, and issue therefor It's
negotiable bonds to an mount ag-
gregating the principal sum of $780,
orr with negotiable interest coupons
attached, and
Whereas, The full cash value of all
taxable property in said highway dis
trict as shown by the assessment roll
for the year 1918, as finally equalized
and corrected by the state board OF
equalization, for state and county pur-
poses, is $7,41S,045.00 and that for the
purpose of taxation the equalized as
sessed valuation of all taxable prop
erty in said highway district is ST.
AIS, 045, being the aforesaid full cash
value, and
Whereas, Said highway district ha
an outstanding Indebtedness at the
present time of $125, 900, said indebt-
edness being in the nature OF bonds
heretofore issued by said highway dis
trict, and that the proposed issue OF
$3.50, 900, together with the indebted
ness of said highway district, includ-
ing all existing Indebtedness will not
exceed ten per centum of the value OF
taxable property in said highway dis
trict as aforesaid, and
Whereas, Section so, chapter 81, as
found on page 371, compiled laws Of
the state of Idaho provides that ."Ev-
$780,, ls-l lfEtrfat shall hnUn now
er and authority to borrow money and
issue therefor it's negotiable bonds
with negotiable interest coupons at
tached, for the purpose of construc-
ton, improvement or repair of any OF
the highways within the district, for
the purchase of material and machin-
cry therefor, for the necessary X
penses of the district in connection
herewith or for any or all such pur-
? poses" and
! Whereas, Section SO, chapter 62 as
found on page 372, compiled laws Of
the state of Idaho provided as fol
4 lows:
Whenever the highway board
of any such district shall deem it
z advisable to issue negotiable cou-
non bonds of said district for any
OIL Iue dlOl6odiu, thS
board shall provide therefor by
resolution, which shall specify
the purpose of issuing such pro-
posed bonds, etc."
Now, Therefore, In consideration o
the premises,
Be 1t Resolved and Ordered by tn
9 Board of Highway Commissioners O
Highway District No. l, Power coun
n ty Idaho, as follows:
- /. That at the bond election here
~ by ordered and called to be held i
! highway district No. l., Power cour
!. ty, Idaho, within the several electio
u precincts thereof, on Friday, to-wi
: tie Goth day of August, A.. D, 1911
between the hours of 500 a. m. an
q seven 90 o'clock p. m. at the respet
. tive polling places therein hereinaftC
y designated, there will he submitte
p to the qualified electors who are res
dents of said highway district I'll
= question following for their vote an
- determination thereat, to-wit:
re For the purpose stated in the
he resolution of July 25th, A. d. 1919,
tn shall the board of highway com
av m%issioners of highway district
rs No. /, Power county, Idaho, be
ed aulllpl ecu oiiN 81 ~
.rs borrow money and issue therefor
H. its negotiable bonds to an amount
m aggregating the pricipal sum of
,Ol $780, 900, said bonds not to bear
re- interest to exceed six per centum
per annum, said negotiable bonds
r to have thereto attached negoti-
he able interest coupons, 70 t pur-
N. pose of the construction, improve
ment and repair of any of the
/, highways within said highway dis
trict, for the purchase of material
and machinery therefor, and for
the necessary expense of said dis
trict in connection Herewith, and
, to levy and assess a direct annual
ad yalorem tax on all of the tax
able property in said highway dis.
- trict, and cause the same to bC
i collected, sufficient to pay the in
10 terest accruing on said bonds
promptly when and as the sam
q become due, and to maintain
n sinking fund sufficient to dis
charge the principal thereof at ma
n turity?"
l. 2. That the said qualified elect
J voting as will. upon said question V
i, by ballot, which shall be printed
substantially the form appearing
lf detail in the election notice here
after set out and made a part of
Id resolution.
c. 8. That the polls for the RECEIPT
N Of the ballots cast on said elect
" will, upon said day and date, and
I'd the hereinafter named polling pla
D. in each of the several precincts Of
Id said highway district, be opened
d, the hour of eight (S) o'clock a. m.
c. will remain open until the hour
ly seven ca o'clock p. m. Of the said
ne when they shall be closed.
n 4. That the name Of each cleo
ge precinct in said highway district,
RI gether with a description of its bt
diaries as fixed and determined by
s OF board, the name of the polling p
inty. therein, and the names of the jut
care who will thereat conduct said
high ton, appear in detail in this res
and ton.
the 5. That Immediately upon the {
Iuire Of the polls as aforesaid, the Off