The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-10-11
ORDINANCE NO. 1853.

An ordinance calling for an election
in the City of Wallace for the pur-
pose of submitting to the qualified
voters, who are Taxpayers in said
city, proposition to issue municipal
coupon bonds to provide for the cree
ton of a fire station.
! BE 1T ORDAINED BY THE MAYOR
AND COUNCIL OF THE CITY OF
WALLACE, COUNTY OF SHO-
/ SHONE. STATE OF IDAHO:
Section l. That there shall be held
in the City of Wallace. County of Sho-
shone, State of Idaho, on the goth day
of November, A. d., 1928. an election
of the qualified electors of said city,
at which election there shall be sub
mitted to said qualified electors. who
are tax payers of said city for
their consideration and vote the propo-
sition to issue municipal coupon bonds
of said City of Wallace. County of
Shoshone, State of Idaho to the
amount of Thirty-Five Thousand
(S35, OOO.OO) Dollars, for the purpose of
providing for the construction and
erection of a fire station, City Clerks
Office and Jail by said City of Wal
lace Such election shall be conducted !
as other city elections and voting at !
such election shall be by ballot, and |
the ballots used shall be substantially |
as follows:
In favor of issuing bonds to the
amount of Thirty-Five Thousand
(sS5.OOO.OO) Dollars for the purpose
stated in Ordinance No. 1853"
ami
Against issuing bonds to the
amount of Thirty Five Thousand
C$s5,OOOOO) Dollars for the purpose
stated in Ordinance No. 1853"
Section ?. Said bonds shall be
known as municipal coupon bonds of
he City of Wallace. County of ShO-
shone. State of Idaho. and shall be
ssued. as near as practicable, in de-
of One Thousand (S1 ,0OO)
Dollars each, but bonds of the denomi-
lation of Five Hundred (s5OO) Dollars
ach may be issued when necessary, |
nd each bond to be made payable
within twenty years from the date of
IS issue said bonds shall bear in
crest at a rate not exceeding six per
ent per annum, to be paid on the
rst day of January, and the first day
+ July in each year. at the Office of
he City Treasurer. or at such bank
* house or trust company in the City :
New York as may be designated by :
he Mayor and Council of the City of 4
Wallace County of Shoshone. State of
iaho, at the option of the holder
hereof Such bonds shall be redeem
Die at the pleasure of the City of |
'allace at any time after the expira-
on of ten years from the date of is
lance. and each bond must be re-
semed in the order it is numbered.
Section 3. That the Mayor and
)uncil of the City of Wallace. shall
7 the annual appropriation bill to be
ssed during the first quarter of each
cceeding fiscal year, make provision
r and cause to be levied annually |
ION all taxable property within said
ty, in addition to other authorized
xes sufficient sum to pay the in
rest on said bonds as it falls due and
create and constitute a sinking fund
: the payment Of the principal of
Id bonds within twenty years. as
~ respectively become due Said
m TO be levied. assessed and col
ted as other city taxes. until the
nds so issued are fully paid. includ-
? the interest thereon. =
section :. That thirty 500 days
ice shall be given OF the holding of
election by publication in the
allace Miner" weekly newspaper
'lished in the City of Wallace. q
inty Of Shoshone. State of Idaho.
the City Clerk is hereby author -