The Idaho recorder., 1922-03-03

duly qualified as such, and were quar-
flied electors of the said several pre-
cincts Of ssdd Lemhi county, and that
said bond election was conducted in
accordance with the provisions of the
Statutes of Idaho, in such cases made
and provided, the Board Of Canvass
ers as aforesaid, proceeded to and~did
canvass said returns in the sanle4man-
ner as the returns in other elections
are canvasSed, and the said Board did
tijen and there record the total votes
cast in each Of the several precincts
of said Lemhi county, for and against
the proposed bond issue, in the book
provided for the recording of the re-
suits Of general elections, and then
and there made complete copy of
such record, duly certified, and depos-
tied the same With the County Auditor
Of said Lembi- county.
And whereas, it more fully appears
from the returns Of said election,
SO returned, canvassed, recorded and
certified as aforesaid that there was
east in the several precincts Of said
!iesahi county total ot EIGHTEEN
HUNDRED AND SIXTY (18G0) votes
Iof Whirh number FOURTEEN HUN
DRIED .AND SEYENTY-SI& (147G)
we're in favor Of the bond issue as
afoleasiJ and THREE HUNDRED
! AND EIGHTX,FOUR (364) were op-
1'posed, and that more than two-t thirds
1929 Of all the votes cast were in
favor Of the question as aforesaid;
And whereas, it appears from said
lreturns Of said bond election that the
Board Of County Commissioners of
the County Of Lenhi, in the State of
| Idaho, has been and is now, legally
authorized, empowered and instructed
! by the qualified electors OF. said Lemhi
county, to issue, negotiate and sell
negotiable coupon bonds of the said
! Lemhi county in the manner proyid
ed by law for the purpose of acquir
iHg funds to be used in the payment
| laying out and constructing wagon
roads in Lemhi county, state of Ida
no, Tin cooperation with the State and
Federal governments) according to
plans and specifications prescribed
AMI designated, or to be hereafter
prescribed and designated by the De-
partment of Public Works of the State
of Idaho, said roads extending in
Lemhi county, Idaho, as aforesaid; and
| it furthear appearing to this Board
| that the interests of the County re-
quire such expenditure and deeming
| it for the public good to so bond said
Lemhi county, there being no funds in
the G ounty Treasury available for
such purposes, and that such eXpen-
itures, Indebtedness, or will exceed the
| income or revenue of said Lemhi coun-
ty, for the year;
| Now therefore, by virtue of the law
and by reason of the premises afore-
said, and in order to put the same into
force and effect.
1t is hereby ordered, that the Board
of County Commissioners of the Coun-
ty of Lemhi in the State of Idaho, pro-
ceed to give notice of sale, issue, nego-
by law, negotiable coupon bonds of the
County of Lemhi, in the State of Ida
no, in the aggregate sum of FIFTY
THOUSAND DOLLARS $3.50, ,000.00)
for the purpose of acquiring funds
! to be used in the payment of Lemhi
county's share of the cost of laying
out and constructing wagon roads in
Lemhi county, State of Idaho, Tin CO.
operation with the State and Federal
governments) as heretofore stated
Said bonds shall be issued in denom-
AIRS $1,000.0O) each, and bear inter-
est at a rate not to exceed six per
cent per annum, the interest to be
paid semi-annually on the first day
n of January and the first day of July
in each year, principal and interest
pa yable at the office of the County
Treasurer of said Lemhi County, Ida
) no, or at such bank in the City and
State of New York as may be des-
I ignated by the Board of County Com
I missioners.
Said bonds shall be numbered con-
secutively from one (D to fifty (50),
both numbers inclusive, and to be re-
deemed by said .Lemhi county, in the
following manner: Ten (10) per cent
of the total amount issuel to be paid
in ten (10) years from the date of
issue; and ten (1O) per cent annually
thereafter until all of said bonds are
paid.
Said bonds shall be signed by the
Chairman of the Board of County
Commissioners of said LemM county,
attested by the Clerk of said Board,
and bear the seal of said Board, and
be counter-signed by the County
Treasurer of said Lemhi county.
| Each bond must state upon its face
the amount for which it is issued, the
date of issue, time and place of pay
ment, and rate of interest, and must
also recite that it is issued in con-
formity with the provisions of Sec
tions 3519 to 1851 inclusive, of the
Compiled Statutes of the State of
Idaho, and all acts and parts amen
datory of, or supplemental thereto.
There must be attached to each bond
when negotiated, semi-annual interest
coupons covering the interest express
ed in the bond from the date of issue
until paid; the coupons that are an
nexed to such bond must be signed by
the Treasurer of said Lemhi county. :
Each coupon must bear a number
corresponding to the number of the
bon1 to which it is attached, and must
state upon its face the amount for
which it is issued, the date of the
issue, and the date and place of pay
ment thereof.