Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1923-08-31

MOUNT
on or before ten years from their
date. Said bonds and the coupons
thereto attached shall be payable al
the office of the Village Treasurer OF
the Village of Mountain Home, Idaho
or at the Chase National Bank in
the city of New York, U. S. A., al
the option of the holder Said bonds
shall be signed by the chairman OF
the Board of Trustees and attested
by the Clerk of the Village and coun-
tersigned by the Village Treasurer,
and shall have affixed thereto the
corporate seal of the Village. All
coupons shall bear the engraved fac
smile signature of the Chairman of
the Board of Trustees, Village Clerk
and Village Treasurer of said VIII
lage, and when so executed shall con-
stitute the binding obligation OF said
district for said interest. Each bond
shall refer TO the improvement for
the payment of which the same shall
be issued, and shall provide that the
principal sum therein named and the
interest thereon shall be payable out
OF the Local improvement Fund Gre
ated for the payment of the cost and
expense of such Improvement, and
not otherwise.
SECTION 4. That said bonds and
the interest coupons thereto attached
as authorized by this ordinance, shall
be in substantially the following
form:
(EOrnn Of Randy
UNITED STATES OF AMERICA
State of Idaho. County of Gilmore.
VILLAGE OF MOUNTAIN HOME
Special Assessment Sewerage I'M
provement Bond
District Number Four.
Mo-. $.....
The Village of Mountain Home, in
the County of Gilmore and State of
Idaho, for value received, hereby
acknowledges itself to be indebted
and promises to pay to the bearer
the sum dollars, in gold
coin of the United States of Amer
ca, or the equivalent thereof in law
sul money, on the presentation and
surrender of this obligation on or
before the first day of July, A. d.
1888, with interest thereon from date
until paid at the rate of seven per
centum per annum, payable semi-an-
nually in like medium on the first
day of July and the first day of Jan
uary in each year, on the presenta-
ton and surrender of the proper cou-
ms hereto attached, both principal
and interest being payable at the of
flee of the Village Treasurer of the
Village of Mountain Home, Idaho, or
at the Chase National Bank, in the
city and state of New York, U. S. A.,
at the option of the holder.
This bond is one of a series for the
payment of the cost and expense of
the construction of a sewerage sys-
tenn and lateral sewers to be used in
Herewith in Local Sew
erage Improvement District Number
Four, in the Village of Mountain
Home, Idaho, as authorized by Ar
-icle 3, Chapter I'll of Title 80 of
he Idaho Compiled Statutes of 1919,
and all other laws thereunto ena-
bling and in conformity with said
avs it is hereby recited that "the
holder of any bond issue under au-
.hority of this chapter shall have no
claim therefor against the city, town
IT village by which the same is is.
sued, in any event, except for the
collection of the special assessment
made for the work of improvement
or which said bond was issued, but |
his remedy, in case of non-payment, |
hall be confined to the enforcement |
If such assessment" The principal /
um herein named and the interest |
hereon shall be payable out of the |
ocal improvement fund created for |
he payment of the cost and expense |
# such improvement, and not other
wise. This obligation is not to be |
leemed or taken to be within, or |
my part of, the limitation imposed |
~ law as to the indebtedness of the |
Village.
1t is hereby further certified and
ecited that all the requirements of
aw have been fully complied with |
" the proper officers in the issu-
nee of this bond, and that the total
mount of this issue does not exceed
he limitation prescribed by law.
For the collection of the assess
lents levied in said Local Sewerage
District Number Four,
he Village of Mountain Home here
y pledges the exercise of all corpo-
ate powers.
IN TESTIMONY WHEREOF, the
ioard of Trustees of the Village of
fountain Home has caused this bond
} be signed by the Chairman of the
oard of Trustees of said Village
nd attested by the Clerk thereof
nder the seal of the Village, and
by the Village Treas
rer, and have likewise caused the
interest coupons hereto attached, in
eu of being so signed, to be signed
v having printed thereon the fac
mile signatures of said officers, as
{ the, first day of July, A. d. 1928.
Chairman Board of Trustees.