The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-04-16

f PhRr T FL sEi n TIE A ORDER H HS Of
BEERS FIRST, AT ANY INTEREST
FROM DATE THEREoF AND PAY
ABLE BOTH PRINCIPAL AND IN
TEREST AT THE OFFICE OF THE
TREASURER OF SAID CITY OR At
THE HANOVER NATIONAL BANK
TON OF THE HOLDER, ALL AS SET
FORTH IN ORDINANCE NO. 1872 OF
SAID CITY?
Section ,. Said bonds mentioned in
Sectin / of this ordinance shall be
known as "MUNICIPAL COUPON
BONDS of the City of BIackfoot,
in denominations of $500 each, num-
bered / to 80, both inclusive shall bear
interest at rate not exceeding per
cent per annum, payable on the frs
days of January and July each year,
and interest at the office of the treas
urer of said city or at the Hanover
National Bank in New York City, at
the option of the holder. and shall
mature twenty years after date with
all or any part thereof in the order
of their numbers, lowest numbers first,
at any interest payment date after ten
years from date of bonds.
Section 3. If two-thirds of the quail
flied voters of said city, who are tax
payers therein, voting at said special
election upon said question shall vote
in favor thereof, then the officers of
said city thereunto authorized by law
shall have said bonds printed and duly
executed and shall sell and deliver
the same as prescribed by Chapter 10,
Section 4. In the event said bonds
shall be authorized at said election,
then the following provisions shall be-
come operative for the purpose of rails
ing funds to pay the principal and
interest of said bonds: There shall be
levied by said city and the proper Of
ficers thereof during the year 1920 and
taxable property in said city sufficient
! to pay the interest upon such bonds
which falls due in the next succeeding
year. In order to create and constitute
a sinking fund for the payment of
the principal of said bonds as they be-
| come due there shall be levied by said
city and the proper officers thereof in
the year 1880, and annually thereafter
one-tenth of the total amount of said
bonds. Such taxes to be levied for
interest and sinking fund shall be in
addition to all other taxes and shall
be. levied. assessed and collected as
| other municipal taxes until the bonds
are fully paid, including interest
thereon, and the faith, credit and ali
taxable property within said city are
hereby irrevocably pledged for the
the payment of principal and interest
of said bonds as the same becomes due.
The taxes to be levied, as aforesaid,
SHALL as collected, be apportioned to
special funds and no portion of the
moneys in such funds shall be used
FLOR any other purpose than for the
payment of the principal and interest
of said bonds. Should the tax for the
payment of interest on any of said
bonds at any time not be levied or COL
lected in time to meet such payment.
then the interest must be paid out of
any moneys in the general or expense
fund, and the moneys so used for such
payment of interest must be repaid to
the fund from which so taken out of
the first moneys collected for taxes.
Sec. 5. That at said special election
all qualified electors of said city, who
are tax payers therein, are entitled to
vote. The polls shall open at the hour
OF 800 a. m. and remain open uptil
100 p. m. for the purpose of conduct
ing said special election. The follow
ing voting places for conducting said
election in each ward and precinct are
hereby established and the following
persons are hereby designated as Of
fcers for conducting said election:
First ward.-Polling place, tech
meal school: judges, Edwin Watson,
Martha Quillin. Clara Sweet; c. E.
Eichelberger, clerk.
Second ward.-Polling place, court
house; judges W. f. Merritt, Mrs. T.
A Hayes, Sr., Mrs. Ben Davis; H. S.
Vance, clerk.
Third ward.-Polling place, Irving
school; judges, B. F. Boiling, Mrs. NJ.