American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1919-08-29
LEGAL NOTICES
Continued from page g.

LOT the Sdlu highway ulolilSl' anu
Whereas. 1t is estimated that the
cost of the construction, improvement
or repair of the highways within said
district, and for the purchase of ma
terial and machinery therefor. and
for the necessary expenses of said
district in connection Herewith will
be approximately s125, 600, and
Whereas. Unless sufficient sum of
money is made available for the con-
struction, Improvement or repair OF
the said highways so that the same
can be built of a permanent nature,
the taxpayers of said district will suf-
fer i%rreparable loss, and
Whereas, There are no funds in the
treasury of said Highway District No.
l available for the purpose of con-
struction, improvement or repair of
any of the highways within said dis-
trict, or for the purchase of material
or machinery therefor, or for the nee
essary expenses of said district in
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 amount ag-
gregating the principal sum of $780,
900 with negotiable interest coupons
attached, and
Whereas, The full cash vale of all
taxable property in said highway dis
trict as shown by the assessment roll
for the year 1913, as finally equalized
and corrected by the state board of
equalization, for state and county pur-
poses, is STATS, O45.OO and that for the
purpose of taxation the equalized as
sessed v~aluatiOn-of all taxable prop
erty in said highway district is 81
41S,045, being the aforesaid full cash
value, and
Whereas, Said highway district has
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. 00G, 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 SO, as
found on page 81, compiled laws OF
the state of Idaho provides that CIV
cry highway district shall have pow
er and authority to borrow money an6
issue therefor it's negotiable bonds
with negotiable interest coupons at
tachcd, for the purpose of construc.
ton, improvement or repair of any Of
the highways within the district, fol
the purchase of material and machin.
cry therefor, for the necessary eX
penses of the district in connection
Herewith or for any or all such pur
poses" and
Whereas, section SO, chapter GO a
\Ind on page 972, compiled laws 0
- state of Idaho provided as fol
lows:
whenever the highway board
Of any such district shall deem it
advisable to issue negotiable cou-
pom bonds of said district for n
Of the purposes aforesaid, he
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 It Resolved and Ordered by tn
Board of Highway Commissioners G
Highway District No. l, Power cou
ty, Idaho, as follows:
/. That at the bond election here
by ordered and called to be held /
Highway District No. /, Power cour
ty, Idaho, within the several electio
precincts thereof, on Friday, to-wi
the Goth day of August, A D., 1911
between the hours of 500 a. m. an
seven CD o'clock p. m, at the respeC
tive polling places therein hereinafte
designated, there will be submitte
"A 81 {hn 1,,o1;F3ol oInafore uybn 80 roc
dents of said highway district til
question following for their vote an
determination thereat, to-wit:
For the purpos stated in the
resolution of July 25th, A. D.. 1919,
shall the board of highway com
missioners of highway district
No. l, TUwer county, Idaho, be
authorized I'M empowered to
borrow money and issue therefor
its negotiable bonds to an amount
aggregating the principal sun or
$150,000, said bonds not to bear
interest to exceed six per centum
per ann0m, said negotiable bonds
to have thereto attached negoti-
abb interest coupons, for the pur-
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 valorem tax on all of the tax
able property in said highway dis
trict, and cause the same to be
collected, sufficient to pay the in
terest accruing on said bonds
N promptly when and as the same
become due. and to maintain a
sinking fund sufficient to dis.
charge the principal thereof at ma.
turity?"
2. That the said qualified elect,
voting as will, puon said question W
by ballot. which shall be printed a
substantially the form appearing
detail in the election notice here