The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1920-12-10
Mayor.

LILY Gierk-
Countersigned:
City Treasurer
Germ Of ceupen.)
No...-z,ss,,. a.. $50. 5000
On fse arsi day 81
A. d.. Is, the city OF Salmon. Ia
the state 81 idaho. win pay to the
bearer $4,000 In lawfui money OF the
United States OF America, NJ the Of
nee az the City Treasurer. being In
terest then due ON its municipal
coupon bonds. dated .---...-...-.-......,--,
..-.--.----.-...A. d., 1890.
water No. -.............)
City Treasurer.
Section seven.
In case the issuance OF said bonds
shall be authorized BY said electors.
legally qualified 10 vote therefor.
there shall be levied. assessed and
collected. annually. upon all taxable
property In the city OF Salmon. In
addition to the authorized taxes.
special tax. producing a sum suite
eint To pay tine interest on said mu.
nicipal coupon bonds falling due In
that year. and there shall also BE-
created In the year. 1880. Z sinking
fund by such additional levy. aases-
ment and collection OF special tax
In amount sufficient to raise the
sum Of Thirty-thre~ Hundred (es.300)
Dollars and such sinking fund
shall he continued annually thereaf
ter by like special tax. levied. as-
sessed and collected annually. sui
ficient In amount to raise SAID sum
Of ThirtyThree Hundred ($3,300.6OD
Dollars. and until suffic-
/ lent sum shall have been raised 10
! fully redeem all Of said bonds. Such
sinking fund shall be separate and
distinct from all other funds or mon.
ey and shall he kept as fund OUT
of which To pay the principal OF said
municipal coupon bonds. II Is the
intention and purpose hereof 10 make
full and adequate provisicn for the
collection Of special annual taxes srf.
hcieni 10 pay the interest on said
bonds as II shall fall due and also 20
create and constitute sinking fund
on and after the year 1910, for the
payment of THE principal OF said mu-
nicipai coupon bonds, and within
twenty years from the time az the
contracting of the debt evidenced By
I the same: and such special taxes
shall be levied. assessed and collect
ed annually. as other city taxes are.
and In addition thereto. and shall be
applied solely TO pay said municipal
coupon bonds. and the interest there
on until the same are fully paid.
Should any interest on said munich
pal coupon bonds become due and
payable before the ievying OF any
special tax for the payment thereof.
! or should said special taxes collected
| during any year be insufficient "a
pay the bonds and interest. or either,
due and payable In that year. then
The deficit shall De taken from tha
. general fund OF said city and applied
10 said payments: and, for the pur.
, pose Of reimbursing said general
fund for money 80 taken. there shall
be levied In the following year. on
all the taxable property In said city
In addition TO all other taxes. q d.
rect annual tax sufficient 10 produce
the sum or sums 30 used and ex
pended from the general fund. Shout, 4
there be- any surplus Of money q
said special taxes remaining after
: the principal at said bonds, rEd 81
, the interest thereon. have been ful
]. ~ paid, then such sui Plus mall b
I paid over 20 ike general fund OF the
+ city Of Safes n
= sse.ior Eight
II case the iAsnaLee OF raid s,ogdr
shall be authorized by ssid oY~eto. 3
! II shall then is lte daiy o. the Ma
I or and coancil Of fa.d city. and they
are hereby rsaui.aa annually al the
lime and In the manner provided By
law tor the i-syhg 81 oher CITY
taxef. 10 ratify aud earrs out The
pioYis,orE l..reo. With reference "a
the ieyying OF taxes AM requiring
the officers OF and for said city Il
y levy. extend and coll Ct such taxa
= In the manner provided b. Law, |
I the purpose OF creating d fund fas
y the payment OF tbs Interest Of asd
principal Of said bonds. and said
4 taxes, when so collected. shall be-
e kept for and applied only - the ply
9 ment OF said bonds as herein before
b. specified But nothing herein c9n
/, tanned shall be so construed
j. as TO prevent said city from apply
@ ing any other funds that may be IN
Il the City Treasury. and available f9i
. that purpose. To the payment OF tbs
}. said interest and principal IS tho
4 same respectively mature. or TO The
;. payment Of said principal. CT any
part thereof. at any time after tie
/, expiration of ten years from thu Gata
y Of the issuance of The said bones
I. and the levy or lesies h.lsin PROS 81
!. ed for may thereapon. To that eAief3'
Z be diminished.
! Section Nine.
e That said election shall BE- held 10
! said city and the votes upon satd
J Questions taken within the respf'e'
!. Tive wards cf said city. at iise iclior'
= ing designated voting places. town.;
+ First Ward A. the city Hal
! Second Ward; a, the Shenon
Q Block
( Third Ward At the Fire House
r Section Ten.
This ordinance shall take eject