Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1921-03-25
ORDINANCE NO. 81

} AN ORDINANCE PROVIDING
3 FOR THE MOURNING INDEBTED
: NESS OF THE VILLAGE OF sHO-
SHONE IN THE SUM OF SIX
THOUSAND DOLLARS AND FOR
THE ISSUING OF MUNICIPAL,
COUPON BONDS OF SAID VILLAGE
OF SHOSHONE IN SAID AMOUNT
FOR THE PURPOSE OF ENLARG-
ING, EXTENDING, REPAIRING AND
IMPROVING THE WATER WORKS
PLANT NOW OWNED AND OPER-
ATED BY THE SAID VILLAGE FOR
THE USE OF SAID VILLAGE AND /
THE INHABITANTS THEREOF. [
PROVIDING THE DENOMINATION I
OF SAID BONDS AND THE TIME
WHEN PAYABLE AND THE PLACE
| WHERE PAYABLE; PROVIDING
FOR THE PAYMENT OF INTEREST
AND A SINKING FUND FOR THE
PAYMENT OF SAID BONDS.
PROVIDING FOR A SPECIAL,
ELECTION TO BE HELD ON THE
10Th DAY OF APRIL, 1921, FOR THE
QUALIFIED ELECTORS WHO ARE
TAX PAYERS OF SAID VILLAGE {
TO VOTE UPON THE QUESTION OF ,
iNOuRRING SAID INDEBTEDNESS :
AND ISSUING SAID BONDS. :
BE it ordained by the Chairman and +,
board OF Trustees Of the Village of
Shoshone.
SECTION 1. That the Village of !
Shoshone issue negotiable coupon :
pohos Tor the amount of Six Thous- :
ana Dollars to bear interest at a rate .
not exceeding six per cent per annum =
" oe PAID semf-annually. on the first =
u"S OF January and the first day of 8
'uly OF each year: said bonds 70 be 4
iSsueu LOT the purpose or enlarging. .
a-N'enuihs' repairing and improving the
"a'er WORKS system now owned and III
operated bv the Village of Shoshone
SECTION 2. That the said honds "
shall be issued in denon,inat;o ns 49,"
iot more tnan One Thousand Dollars
'hu not less than One Hundred DOL IA
ars each as the Board of Trustees ?
nay determine.
That said bonds shall be navab,s
IN" twenty years from the date of we
ne issuance thereof and shall no 70
se.naoie al the pleasure of the board on
1 trustees at any time after the ex-
'suance thereof. that soia ne ua'e Oh TIL
g made payable at the office Of tba at
reasurer of the Village of Sbosbona lin
at such banking house or Tr,s+ Sh
ompany IN the city of New York as WI
lay De designated by the Board of Sti
rustees OF the said Village of Sho- est
lone ''''o for
SECTION 3 That in order In nro Sta
oe Tor the payment of interest IN L
I'd bonds there shall be levied unon mi
the taxable property within cola
llage in addition to other tavas NO
nual tax sufficient to nav the IN
resi- OF all of said bonds disposed of =
q tnat to provide sinking fund for a..
payment of the principal of said 49,,
nds there shall be levied annualIv On -
taxable property within said villa .a sn
addition to all other taxes &C., iua
ch bonds have been issued for y
riod Of TON ,,aar. .ssueu lor old
paw one-tentb =, :. ii.cient tax hea,
q bonds all of such taxes 10 no -
led. assessed and collected as Other Wei,
iaee taxes until the bonds so issued
fully paid including the intarset ~
reon- The proceeds derived from,
taxes tn be used exclusively for y,
PURPOSE for which It was levied Thu
SECTION 4. That for the nrrnos. at 8
submitting the question Of inc,,. ranc
E said Indebtedness and issu,r. Shes
bonds to the qualified electors nh purs
taxpayers Of the Village Of She stat
ne tnere. shall be held an elect;o, estra
all the qualified electors who arc for
payers OF said Village Of Shosbo,o Sta >.
Tuesday the 2eth day Of AnriI 100, n
"S Vi nine o'clock A. m11a