American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1919-07-11
ORDINANCE NO. 1ot.

ORDINANCE SUBMITTED TO
THE QUALIFIED ELECTORS OF
TIE CITY OF AMERICAN FALLS,
IN THE COUNTY OF POWER, IN
THE STATE OF IDAHO, WHO
ARE TAXPAYERS THEREOF, FOR
THEIR VOTE AND DETERMINE
TION. THE QUESTION OF ISSU-
ING MUNICIPAL COUPON BONDS
OF SAID CITY TO AN AMOUNT
.AGGREGATING THE PRINCIPAL
SUM OF SIXTEEN THOUSAND
DOLLARS, 16.O0O.OO) TO PRO-
VIDE FOR FUNDS FOR THE I'M
PROVEMENT OF STREETS AND
ALLEYS IN SAID CITY: PRO
VIDING FOR THE LEVY AND AS
.SESSMENT OF DIRECT ANNUAL
AD VALOREM TAX UPON ALL
THE TAXABLE PROPERTY IN
SAID CITY SUFFICIENT TO PAY
THE INTEREST ACCRUING UPON
WHEN AND AS THE SAME Be
COMES DUE, AND ALSO AT THE
LAWFUL TIME, A FURTHER AID
VALOREM TAX ON SAID TAX
ABLE PROPERTY SUFFICIENT
TO CONSTITUTE AND MAINTAIN
A SINKING FUND FOR THE PAY
MENT OF THE PRINCIPAL OF
SAID BONDS WITHIN TWENTY
YEARS FORM THE TIME OF THE
ISSUE OF THE SAME; CALLING
A SPECIAL ELECTION TO BE
HELD IN SAID CITY FOR THE
PURPOSE OF VOTING ON THE
FOREGOING QUESTION ON
TUESDAY, TO-WIT: THE 26TH
DAY OF AUGUST, A. D., 1919;
PRESCRIBING THE FORM OF NO
TICE TO BE GIVEN TO THE
ELECTORS OF SAID CITY FOR
THE HOLDING OF SAID ELEC-
TON: PROVIDING FOR THE
ADVERTISEMENT AND SALE OF
THE BONDS IN THIS ORDINANCE
DESCRIBED IN CASE THE ISSU.
-ANCE OF SAID BONDS SHALL BE
APPROVED BY THE ELECTORS
AND INVITING BIDS THEREFOR
DECLARING AN EMERGENCY
THEREBY THIS ORDINANCE
SHALL TAKE EFFECT FROM AMI
AFTER IT'S PASSAGE, APPROVAL
AND DUE PUBICATION; AMI
REPEATING ALL ORDINANCES
AND PARTS THEREOF IN CON
FLICT HEREWITH.
WHEREAS, 1t appears to. the Mayo
and Council of the City of American
Falls, in the County of Power, in tn
State of Idaho, that it would be and !
is hereby deemed advisable to issu
the following municipal coupon bond
of said city: Municipal coupon bond
of said city to an amount ~aggregatin
the principal sun of Sixteen Thousan
Dollars ($16, 0 0.00), to provide fund
for the improvement of streets an
alleys in said city;
Now. Therefore, in Consideration {
the Premises
BE 1T ORDAINED BY THE MAYO
AND COUNCIL OF THE CITY o
AMERICAN FALLS, IN THE COUl
'TY OF POWER, IN THE STATE o
IDAHO:
Section L. That a. special electic
be and the same is hereby called al
ordered to be held in and for Il
City of American Falls, in the Coun'
of Power, in the State of Idaho. {
Tuesday, to-wit: the 18th day of Au
ust, A. D., 1919, beginning at the no
of 9 o'clock in the morning and closil
at the hour of Z o'clock in the aftt
noon for the purpose of taking t
vote of the qualified electors who a
taxpayers of said city upon the que
ton following, for their vote and {
termination thereat, to-wit:
"Shall the Mayor and City Coun
of the City of American Falls, in t
County of Power, in the State of Idal
issue and sell the municipal coup
bonds of said city to an amount
gregating the principal sum of S
teen Thousand Dollars, ($16,000.0
to provide funds for the improvemt
of streets and alleys in said city, a
levy and assess a direct annual
valorem tax on all of the taxable pr
erty in said city sufficient to pay
interest accTuing upon said boz
promptly when and as the same
comes due, and also at the lawful til
a further annual ad valorem tax
q, said taxable property sufficient to c
stitute and maintain a sinking fl
for the payment of the principal
said bonds within twenty years fl