The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-07-05
no; Everett H. Hines of Pingree.
Idaho; Charles H. Taylor of Ogden,
Utah. JOSEPH r. JEPPSON,
SO-83-86-89-92 Entryman.
ORDINANCE NO. 2ss

BIAcKFooT, couNTY OF B1NG
P PAk SAre OF pr s RAaH nSG TIT II
THE 9gg4AaLIFIED ELECTORS q
SAHn GlTT WHO AR air TAXPAYE ~
T THE issuAN WaE Of soh MuNfc1p Al
| COUPON BONDS OF SAID CITY IN
THE TOTAL SUM OF THREE
H HUN oRd 10, T lDs P1bb LABS
OF PROVIDING THE NECESSARY
ACQUIRE BY BY PXRGGHE34AaSsSlES Or 9TH
W W2FdH Is FLAW oWsD bNp aN6 sYs g6R.
TRoLLED BY A PRIVATE COM
PANY. AND TO ENLARGE, Elk.
TEND. REPAIR. ALTER AND I'M.
PRo We SUCH Plant, OBJ OR TO CON ~
AND SYSTEM FOR THE PURPOSE
OF SUPPLYING THE SAID MUNICH.
PALITY AND THE INHABITANTS
THEREOF WITH WATER. AMI
h MAKIN AND PS coEheToE Eo 81 TIE TAE
NECESSARY TO- PAY THE INTER.
EST ON SUCH BONDS AS THE
SAME SHALL MATURE, AND TG
PAL THEREOF WITHIN TWENTY
YEARS FROM THE DATE OF IS.
sUANCE. PREsCRIBING TIL F
| FORM OF NOTICE TO BE GIVEN
G rHE G GFE THG Tot OF TH IF s sAIB
THE PAPER IN WHICH THE SAME
SHALL BE PUBLISHED, THE FORM
OF BALLOT TO BE USED. FIXING
| ING SUCH ELECTION AND NAM
ING THE OFFICERS TO SERVE
THEREAT
WHEREAS The Mayor and City
Council of the City of Blackfoot, Coun-
ty of Bingham, State of Idaho, hereby
issue the coupon bonds of the City of
| Blackfoot in the aggregate sum of
Three Hundred Thousand Dollars
300000.o0) for the purpose of pro-
either to acquire by purchase or 9TH
erwise the present waterworks sys-
tenn and plant which is owned and con-
trolled by private company. and to
enlarge. extend, repair alter and i'm
prove the same, or to construct new
water plant and system for the pur-
pose of supplying the said City of Black
foot and the inhabitants thereof with
water; and
WHEREAS, The authority to issue
the provisions of Title 80, Chapter ITO,
Sections 4109A 4109B and Ala Volume
/. Political Code of the Compiled Stat
utes of Idaho. 1919:
NOW THEREFORE,. BE 1t ordained
by the Mayor and City Council of the
City of Blackfoot State of Idaho:
Section l. That there shall be issued
by the City of Blackfoot. Idaho. mu-
nicipal coupon bonds to the amount Of
Three Hundred Thousand Dollars
t$300, 100000 to bear interest and to be
paid by means of sinking fund to be
created as hereinafter provided, pro-
vided two thirds of the qualified cleo
tors who are taxpayers in said city.
voting at a special election as herein
provided, shall vote in favor of the
issuance of said bonds.
Sec. 2. Said bonds shall be issued
in denominations of $1,000 each, num-
bered consecutively beginning with No.
l and shall bear interest at the rate
mum, which shall be payable semi-an-
nually on the first days Of January
and July of each year, evidenced by
interest coupons attached, both prin-
in lawful money of the United States
of America, both principal and interest
of said, bonds shall be payable at the
office of the city treasurer of the said
City of Blackfoot Idaho. or at some
the option of the holder thereof. The
principal of said bonds shall be paid
within. twenty years after the date
thereof. but may be redeemed at the
pleasure of the City of Blackfoot. Ida
Of ten years from the date of issuance
and each bond must be redeemed in
the order OF it's number.
Sec. 3. Said bonds shall be issued
essary funds with which, either to &C
quire by purchase or otherwise the
present waterworks system and plant.
which is owned and controlled, by
tend repair, alter and improve the
same, or to construct a new water
plant and system for the purpose
of supplying the said City of Blackfoot
Sec. 4. There shall be levied, as
upon all the assessed and taxable
property within the limits of the
City of Blackfoot, idaho. in addi-
law, which shall provide sum suffi-
cient to pay the interest on said bonds
each year as it becames due and also
sufficient levy to produce the sum
of $15,O0o.OO each year for period of
of 1920. which shall constitute sink
ing fund for the payment of such
bonds, Such sinking fund shall pc
kept separate and apart from al! other
be held and invested by the Mayor and
city Council and the same and the
proceeds thereof shall be used for the
payment of and the redemption OF
SAID DOnQS IN Lneif HuLh0iiSaA oiuOi
after ten years from the date of issuing
the same and for no other purpose:
such assessments shall be made and
collected as all other taxes of the
city Of Blackfoot Idaho. and until
said bonds are fully paid, including
the interest thereon, the faith and
credit and all taxable property with
in the limits of said City Of Blackfoot,
idaho shall be and continue to be
pledged and the Mayor and City Coun-
eli Of said city shall continue to as
sess and collect on all taxable proper
ty within the limits of said city such
special taxes and apply, the same to
the payment of said bonds and the in
terest thereon until the same with
all interest are fully paid. Should the
taxes for the payment of the interest
on any of such bonds, at any. time.
not be levied or collected in time to
pay the same. the interest shall be
paid out Of any money in the general
expense fund Of said city and the mon
ey so used for the payment of such |
interest must he repaid to the fund |
from which 1t Is taken, out of the |
first moneys collected from such spe-
Sec. S. A special election shall be |
held in the City of Blackfoot, IDAHO |