The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-06-10

cOunterSlgneu Dy the county treasurer,
| and has caused the annexed interest
coupons to be signed by the. county
treasurer and this bond to be dated
the first day of July. 4. 2, 1919.
Chairman Board of County Commis-
Attest F. M. FISHER,
Clerk Of said Board.
countersigned H T. 4; y BENSON lss on
By g. G. Adamson, Deputy.
Interest Coupon
R On IN the 1t.ts II the 1S so Sn y Gf
pay to bearer at Chase National bank
in New York City, the sum of $500
dollars, in gold coin, as provided in
and for the interest that day due on
its road and bridge bond dated July
- -'l'' anu "''e H. A. BENSON,
Bv G. G. Adamson; deputy county
treasurer of Bingham county,
Idaho.
Certificate of Registration
1t is hereby certified that this bond
was registered by the undersigned,
auditor of Bingham county, and re-
corded by the undersigned treasurer
provided by little ii, chapter 2, article
- f. M. FISHER,
County Auditor of Bingham County,
H. "A. BENSON,
County Treasurer.
Section 5. For the purpose of pro-
viding for the payment of the principal
and interest of said bonds as the same
fall due and in full compliance with
section of article of the constitution
of Idaho thereto relating, there shall
be levied by the board of county COM
missioners of said county during the
year 1919 tax upon all the property
in said county subject to taxation suf-
ficient to pay all of the interest upon
said bonds which. falls due during the
year 1920, and during. the year 1920
and each year thereafter SO long. as
any of said bonds remain outstanding
and unpaid there shall be levied by
said board like tax in an amount
of said bonds which falls due during
the following year, and in addition to
said tax to be levied annually. for. the
shall be levied by the board Of county
commissioners during the year 1927
tax upon all the taxable property In
said county sufficient to raise the sum
Of $4,000 to pa, said t bonds in the
1, 1929, and during the. year 1928 and
annually thereafter SO long as any of
said bonds remain outstanding and I'M
tax in the same amount for the pur.
bonds as the same falls due. and all
such taxes for both principal and in
lected as other county taxes are levied:
assessed and collected until all of said
bonds are fully paid. including, the in
terest thereon, and the full faith,
the limits Of said county are hereby
and must hereafter continue irrevoc-
ably pledged, to the payment OF the
principal and interest Of said bonds
It shall be the duty of the proper
county officers to levy, collect and APP
ply the taxes hereinbefore mentioned
to the payment Of the interest and to
the redemption of the principal OF said
no other purpose, and the. money col:
lected from the levy of such taxes shall
be set aside into special fund to be
used for such such. purpose PURPOSE -, .,o ,o.ra
of county commissioners Of Bingham
county, idaho, in regular session as
sembled at Blaekfoot q Idaho, the
N SA "A. Fu GATE NN'AN'
Attest: F. M FISHER eo Gonnty Aud:
itor and Ex-Officio Clerk Of Said
Board.
(SEAL)
IN THE matter Of Ioaning that part
of the bond money, not actually
" necessary Mt the present time for
road construction, approximately
$35O.0OO to the various banking in
situations Of Bingham county mt
per cent interest.
In the above entitled matter, a propo.-
sition was submitted to the board OF
county commissioners by d. w. Stand
rod & Co., bankers. by their represen-
tatiye W.: F.. Berryman, cashier; First
National Bank by e. M. Kennedy, vice.
PRESIDENT Bank of Aberdeen by M. A.
Fugate, president; Blackfoot City Bank
by George A. Anderson, cashier; which
feapS az 'B iaU%e Idaho, June 2. 1919.
"To the Honorable Board of County
Commissioners, Blackfoot, Bingham
County, Idaho.
Gentlemen:
1--WE, the undersigned banking. insti-
tutions of Bingham county, Idaho, by
our representatives, do hereby agree
to take up all of those bonds sold by
the board of county commissioners Of
gnE5a% On tf the rate
interest that they bear; and we. will
and Victory bonds, Of a like amount,
Or D. o'" ". y stand rod & Co, Bankers,
By w. F. Bergman, Cashier.
First National Bank of Blackfoot,
BY u. M Kennedy.
Bank of Aberdeen,
BY M. A. Fugate..
Blackfoot City Bank.
BY Geo. A. Anderson. Cashier"
It Is further agreed that II Bingham
county would sell the full amount of
$500, road and bridge bonds the
banks herein mentioned would borrow
this money at the rate of interest Of
per cent and protect Bingham county
by depositing. Herewith Liberty and
Victory loan bonds of a like amount,
or other valid and acceptable security;
therefore, being fully advised in the
that this proposition be accepted and
all the banking institutions Of Bing-
ham county be allowed to participate
in the use of this money on q pro-rata
basis, according to the capital stock
of every banking institution; that they
protect the county by depositing COL
lateral security with the proper official
or officials of this county In the form
of Liberty and Victory bonds, or other
valid and acceptable security. Said
motion was seconded by James Chris
Jensen and concurred In by Chairman
Bills.
Z It is hereby ordered that the banking
institutions Of Bingham county, Idaho,
ho and thay are harahv authorized to