The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1920-12-17
City Treasurer.
Section Seven.

4
| Section Seven.
| In case the issuance OF said bonds
shall be authorised by said electors.
illegally qualified TO 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. a
special tax. producing sum suffic'
clint To pay tine interest ON said mu.
nicipai coupon bonds falling due In
that year: and there shall also b.
created In the year. 1880. "A sinking
fund by such additional levy. asses.
ment and collection OF special tax
In amount sufficient TO raise ihss
sum of Thirlythrer Hupdred ts3sool
Dollars aud such sinking fund
shall be continued annually thereaf.
ter by like special tax. levied. as.
sessed and collected annually. suf
ficient In amount 10 raise said sum
of Thirty.Three Hundred tss.son.ool
Dollars. and until sutfic.
lent sum shall have been raised -
fully redeem all ~ said bonds, Such
sinking fund shall be separate anl
distinct from all other funds or mon
ey and shall be kept ~ fund out
Of which to pay III. principal of sail
municipal coupon bonds, II IN the
! intention and purpose hes~of Ia iaa 80
. full and adequate proyisicn foT the
/ collection Of special annual taxes sur.
flcient to pay the interest on said
bonds as IL shall fall due and also tn
, lcreate and eonstitute sinking fund
!. ON and after the. year 1870, fer the
i payment Of III. principal OF sail mu'
: nicipai coupon bonds, and within
! twenty years from the time cf the
!. contracting OF the debt evidenced by
a the same. and such special taxes
4 shall be levied, assessed and collect
0 ed annually. rs other city taxes are.
I and in addition thereto. and shali be
4 applied solely 10 pay SAID municipal
q coupon bonds. and the interest there
-- on until the same are fully paid
II Should any interest on said munici.
! pal coupon bonds become due and
i payable before the levying of am
n speciai tax for the payment thereof,
q cr should aaia special taxes collected
4 during any year be Insufficient 10
!, pay the bonds and interest. or either.
a due and payable In that year. then
y the deficit shall liz taken from the
4 general fund of said city and applied
If 10 said payments. and. for the pnr.
- Ipose e reimbnrsing said general
a fund for money No taken. there shall
r be levied In tile following year. on
a nil the tRsabl. property In said city.
r In addition 10 all other taxes, a di.
y rect annual tax sufficient To produc !
q the gum or sums so used and es'
u pended from the general fund, Should
there be any surplus Of money ~
said special taxes remaining after
y the principal Of said bonds, and rIl
i the interest thereon, have b""i fuh
| ~ paid. then such satpina shalt
81 paid over 10 The general fund 0f the
n city OF saim7n
4 Section risit
IT. easc tie aafea ~ SAID Isads
shall be authorized ! = Ht.a ~ or.
n II shall thoa le a. dniy ri the NJ
10 "a and Cpane.l a. II cIty, and Ties
ale hereby r. uhtI ehnGailf ~ ~
time and in tie manner Ir.iced ~
iaw for the iefg - - 8"t ca Z
taXeR. "a reffy aai ceres aui th"
provision lfygf Nilh FefoEeres u
the levYlng 81 taxes aa rec i'9 :
the officers 81 Rnd ier said e3is
= levy. extend and coll a FaeA la1@s
i, in the nannrf provided b. las I {
~ tho purpose al creating a ian4 sef
!. the payment of The iutsras q 81
principal OF said bonds. and 81
= fa1oa. when so collected. SHAH he
4 kept for and applied only to the = s.
,e lment Of said bonda ~ herein bstor
specified. Bn, nothing letein coz.
=, ltalusd sbaii be- 20 conhtfaFl
!, as TO prevent kaid city from appit
!. ing any other funds that inAy be N
~ the City Treasury. and available iof
- that purpose. 10 the payment OF iht
a. said interest and principal as the
- same r.snseiiysiy mature. or 10 ihe
A.
mari thereof. al any time after in@
=, sxuira,lon of ten years from thu dat :
~ of the issuance of the said bonas
: and The levy or ies!es hetstn prossd'
a ed for may ihere1pon. To that esssht
i. be diminished
IA Section Nine.
10 That said election shall be held =,
- said city and The votes upon nSli
4 lauestlona taken within the febpcf
: tive wards Of said city. at tbs fcloN
IL Ing designated voting places. to'Sit'
n. FIRST Ward At the city Hall
ID Second Ward A. the shsnon
e Block
n Thira Ward. A; tbs Fire House.
pr Section Ten.
i This ordinance shall take effect
~ land b. ia force from and after its
~ passage and approval and due pub
IN liieAtson. and shall be isr@feeslable IN.
III Inn the indebtedness herein created
o, shall b. fully paid and satisfied
- All ordinances and parts OF orai
- naneea in the ciiy Of Saimon In con
or lflct or Inconsistent herewith are
hereby repealed.
~ Passed this 23rd day Of Sosemhei
ID A. u. 1890. and referred TO the May
Il Tor for approval.
ee JOHN f. REEFS.
~ Clerk
I'd Approved this card day OF Nosem
n Der. A. ID. 1920.