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

"
Against issuing bores 70 the
amount Of THIRTY. THREE
THOUSAND DOLLARS for the
purpose stated In Ordinance No
i1e. torwit: For the purchase ~
primary right to the use of nine-
~ 1901 inches of the waters Of
Jesse creek. measured under a
four inch pressure.
The ballots To be used In voting
upon the second question submitted
will be in substantially the following
form:
In favor Of authorizing the May
or and Council to transfer and
convey. as part consideration
for the purchase OF a primary
right to the use OF ninety
1907 inches CT the waters Of Jesse
creek, measured under four inch
pressure. the secondary or junior
rignt TO the use of forty (tW
inches. under four inch pressure.
OF the waters OF said creek. now
ownd and TO be owned BY the city
OF Salmon.
Against authorizing the Mayor
and Council to transfer and con
vey. as part consideration fer the
purchase OF primary right TO the
use OF ninety 800 inches or
the waters of Jesse creek. meas.
ured under four inch pressure.
the secondary or junior right to
the use of forty t&0) inches. un.
der four inch pressure, OF the
waters OF said creek, now owned
and to be owned BY the city of
Salmon.
Section Three.
The Clerk of said city shall give
thirty days notice Of such election
by causing the same To be published
in The Idaho Recorder, a newspaper,
published and in general circulation
in the city OF Salmon. and by post
ing said notice OF election nj the place
in each ward where the election Is
authorized 10 be held. the same be-
Ing three OF the most public places
of said city.
Section Four.
In case OF the issuance of said
bonds, to provide for the purchase
Of a primary right TO the use OF
ninety 800 inches Of the waters
OF said Jesse creek. shall be approx,
ed by said electors. then by virtue
of. and in pursuance OF Chapter ITO
OF Title 80. OF the Idaho Compiled
Statutes, there shall be issued the
municipal coupon bonds of the city
Of Salmon. In the total sum OF THlR
TY-THREE THOUSAND (s33. 000)
DOLLARS for the purpose of pur
chasing primary right 20 the USE
OF ninety (s0) inches of the water ol
said Jesse creek; that said bonds
shall be dated first day of January
1921. and be redeemabla at the optior
OF the city al any time after the expi
ration Of ten years from the date
thereof. and shall be absolutely du,
and payable the first day Of Januar,
A. D., 1871. They shall consist OF thir
~ (30) bonds In the denomination
OF One Thousand tsi.00o00) Dollar
each. numbered from one % {,
thirty inclusive and thirty bonds o
the denomination of One Hundred
($10000 Dollars each. Numbere,
/ from 81 TO 60 Inclusive. The prin
cipal and interest Of said bonds shal
be payable at the office OF the Cit,
Treasurer. They shall bear interes
at the RATE Of not TO exceed six pc
centum Is o/o) per annum. payabl
semi-annuaily en- the frst day O
July and NE FIRST day yof jar
uary. In each year and sal
interest shaIi be represented by fcrt
(4o) coupons attached To each bone
each coupon representing hal
yearly payment of interest on th
bond to which II Is attached. Sal
bonds shall be signed by the Mayor
! rJttested by the City Clerk. an
countersigned by the City Treasurer
and shall bear the seal Of said cit,
and the coupon thereto attache
shall bear the original or engrase
signature OF the City Tfeasurev.
Section Five.
The said bonds shall be mafA pa,
able in amounts and NJ tines 70
lowing. towit: 5000 en- January
1881. and $4,000 on the flrst day G
January Of each and every yea
thereafter until said bonds shall /
wholly redeemed.
Section Six.
The said bonds and coupons sha
be substantially In the followin
form. vD-wii:
United States Of America
State Of idaho, County Of Lsmhi,
Wate~ Municipal Coupon Bend
Of the
City OF Salmon.