The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-03-23
ORDINANCE NO. 1884

and Section Of Ordinance No. 1882
entitled can Ordinance providing for
the issuance, execution, advertisement
and sale Of refunding bonds of the
City Of Blackfoot, Bingham County,
Idaho, in an aggregate amount of SAC
900; to provide for the refunding and
redemption of like amount of out.
standing bonded indebtedness of said
City; describing the Indebtedness to
be refunded, the form Of the bonds
to be issued and the interest coupons
to be thereto attached, providing for
the levy and assessment of a direct
annual ad valorem tax upon all OF the
taxable property in said City suffi-
cient to pay the interest according on
said bonds promptly when and as
same becomes due, and also at the
proper time a further annual ad va
loren tax upon said taxable property
sufficient to constitute and maintafR
a sinking fund for the payment of the
principal Of said bonds within 20
years from the time Of issuing same;
declaring an emergency whereby this |
ordinance shall take effect from and |
after its passage and approval and |
due publication, and repeating all or
dinances or parts thereof in conflict
herewith" passed and approved Feb
ruary f3, 1923, and declaring an emer-
gency whereby this ordinance shall
Jake effect from and after its passage
and approval and due publication, and
all ordinances or parts
hereof in conflict herewith.
BE 1T ORDAINED BY THE MAY
DR. AND COUNCIL OF THE CITY OF
IDAHO:
SECTION / That Section. 1 Of or
nance No. zs2 be and she same here
~ is amended so as tn, read as fol-
ows: =
SECTION l.. That by virtue of and
n pursuance. Of Chapter ITO of Title
2 of the Compiled Statutes of idaho
4 1919 there shall be issued the re-
unding bonds Of the City of Black ,
DOT, Idaho, tn, the amount of $4s,000e
'ut without incnrring any, additional |.
liability on the part Of said City to !
'rovide for TIE refundinS,, purchasing
nd redemption of a lilse amount Of =
he valid outstanding bonded indebt-
dness of said City, WHICH said out
landing Indebtedness is described as
ollows: Sever Bonds iai the princip-f
! amount of $4,000, dated December
1909, due December I. 1929, option
/ at any time after December L.. 1913,
earring interest at the rate Of six per
ent e par cent? peg annum. and
numbered I to Al Inclusive ex-
ept No. a redeemed, and payable ont
4 the Bond Sinking Fund, and Street
Bonds in, the prncipal
UNI of $4,000, dated Decembef. L.. 1893,
ue December 1, 1898, optionah at any
ime after December 1 1919, bearing
interest at the rate Of six par, cent &c
,er cent? per annum, and numbered
g to- So Inclusive. and payable out of
he Bond Sinking fund"
SECTION That Section Of said
ordinance No. 282 be and the same
ollows:
SECTION s. That to pay the in
crest accrHfng on said bonds prompt
y when and as the same falls due
ind to constitute and maintain sink
ng fund sufficient to discharge the
principal thereof at maturity, there
,hall be and by this ordinance there
s hereby levied upon all Of the tax
lble property in said City, In addition
o all other taxes, the following d.
.ect annual ad valorem tax to wit:
In each of the years 1923 to 1882 a
ak sufficient to produce the sum OF
1880 In each year, being for interest:
In each Of the following years tax
sufficient to produce the following
for principle and interest
Amount Amount
for for .t
Year Principal Interest Total
1888 $4,000 $2530.00 $7030.00
1884 100000 22S2.50 678250
1895 100000 203500 6535.00
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