Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1923-11-23

tofore taken, had and done in con-
nection with the establishment OF
said Local Sewerage Improvement
District Number -Four in the Village
of Mountain Home, Idaho, the con-
structiOn of the improvements there
in, and the lateral sewers to be used
in connection Herewith, the appor-
tiOnment of the cost of said improve
ments and the acquiring of such
works against the lots, blocks and
parcels of land in said district, all as
hereinbefore recited, or otherwise
had and done, be and the same are
hereby in all respects fully APP
proved, ratified and confirmed. and
the regularity, validity and correct
ness of said proceedings and said as
sessments to the amount thereof
levied and apportioned on and
against each lot or parcel of land,
are hereby in all respects established
and confirmed.
SECTION ?. That the payment
of the costs and expenses of such
improvement in and for said local
Sewerage Improvement District
Number Four, in the Village of
Mountain Home, consisting of sew
erage system therein and the lateral
sewers to be used in connection
Herewith, shall be provided for by
bonds of the district which shall
include the property liable to assess
ment for the payment of the cost
and expense of such improvement,
according to Article of Chapter
III of Title 80 of the Compiled Sta
tutes Of 1919, and according to this
ordinance and all prior ordinances
of the village passed for the purpose
of such improvement.
SECTION 3. That there be issued
in the name of the Village of Noun
tain Home, Improvement Bonds of
said Local Sewerage Improvement
District Number Four in an amount
not exceeding the aggregate princi-
pal amount of Six Thousand Three
Hundred Nine Dollars (S6309.00)
which bonds shall bear date of Oc
tober Is, 1928 A. D., and shall bear
interest at the rate of seven per
centum Cd per annum, payable
semi-annually on the 18th day of
April and October in each year, said
interest to be evidenced by coupons
attached to said bonds, said bonds
shall be numbered in regular and
consecutive order, commencing with
number one, shall be in denomina-
lions of five hundred dollars each, ex-
cept the last of the series which shall
be in the denomination of three hun
bred nine dollars, (S309.00), and
said bonds shall by their terms bel
made payable on or before ten years
from their date. Said bonds and the
coupons thereto attached shall bel
payable at the Office of the Village
Treasurer of the Village of Noun
tain Home, Idaho, or at the Chase
National Bank in the city of New
York, U. S. A., at 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 cOuntersigned by
the Village Treasurer, and shall have
affixed thereto the corporate seal of
the Village. All coupons shall bear
the engraved fac-simile signature of
the chairman of the Board of Trus
tees, Village Clerk and Village Treas
urer of said Village, and when so
executed shall constitute the bind
ing 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 created for
the payment of the costs and ex-
penses of such Improvement and not
SECTION 4. That said bonds and
the interest coupons thereto attached |
as authorized by this ordinance, shall
be in substantially the following |
form:
(Form of bond)
UNITED STATES OF AMERICA
State of Idaho County of Gilmore |
VILLAGE OF MOUNTAIN HOME
SPECIAL ASSESSMENT SEWERAGE
IMPROVEMENT BOND
District Number Four
N O.---------------.-- p-~--------------
The Village of Mountain Home, in |
he COuufV of ElmGfe and State of |