Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1924-08-01
ORDINANCE NO. 227

THE HOLDING OF A SPECIAL
ELECTION IN THE VILLAGE OF
MOUNTAIN HOME, IDAHO, FOR
THE PURPOSE OF SUBMITTING
> TO THE QUALIFIED ELECTORS
WHO ARE TAXPAYERS THERE
3 OF THE QUESTION OF THE rs
SUANCE OF MUNICIPAL COU-
pom BONDS OF SAID VILLAGE,
IN THE TOTAL AMOUNT OF
FIFTEEN THOUSAND DOLLARS
FOR THE PURPOSES, TO-WIT:
TO PROVIDE THE FUNDS NECES-
SARY FOR THE DRILLING OF A
DEEP WATER WE'LL; PROVID-
ING CASING, PUMP, PIPE AND
i OTHER EQUIPMENT FOR SAME:
AND TO PROVIDE FOR THE
COLLECTION OF AN ANNUAL
TAX U pom ALL TAXABLE
PROPERTY WITHIN THE VII
LACE OF MOUNTAIN HOME
IDAHO, SUFFICIENT 10 PAY
THE INTEREST ON S u C I'll
BONDS, AS 1T FALLS DUE, AND
TO CREATE AND CONSTITUTE
| A SINKING FUND FOR THE PAY
MENT OF THE PRINCIPAL
THEREOF. WITHIN TWENTY
YEARS FROM THE TIME OF
THE ISSUANCE OF THE SAME |
AS THEY BECOME DUE.
BE 1T ORDAINED, BY the Chairman
and Board of Trustees of the viii |
/ lage of MOUNTAIN HOME, IDAHO. |
Section l. THAT a Special Elec- |
ton of the qualified electors, who are |
taxpayers of the Village of Mountain |
Home, County of Gilmore, State of |
Idaho, shall be held therein on Sat
urday, September 9Th, 1924, for the
purpose of submitting to the said
electors the question of the issuance
by the said Village, of Municipal
Coupon Bonds in the denominations
of $4,000 or 100000 each. or
both, payable within twenty years
from the date OF the issuance, re-
deemable at the pleasure of said VIII
lage at any time after ten years,
bearing interest at rate not to ex-
coed six per centum per annum, in
terest payable semi-annualiy, in an
amount in the aggregate not to ex-
coed the sum of Fifteen Thousand
Dollars ($15,0O0.OO) and to provide
for the levy and collection of an an
nual tax upon all the taxable prop
erty in the Village Of Mountain
ANSANf RNAASANhN W pay lut lultltnli
upon said bonds as it falls due and
TO create and constitute a sinking
fund for the payment at any time
after ten years of the Principal of
said bonds, as they become due, for
the following described purposes, to-
wit:
First-,Municipal Coupon Bonds
to be known as Water Well Bonds"
10 fha on nF 4 |
Dollars ($15, 100000, to provide the
funds necessary to pay the cost and
expenses of Drilling a Deep Water
Wen, casing, providing pump, pipe
and other equipment for same.
Second-Said bonds, If authorized,
by the vote of the qualified Electors |
who are taxpayers of the Village of
Mountain Home, Idaho, shall be pay
able twenty years from the date OF
issue, but shall be redeemahle at the
pleasure of said Village of Mountain
Home, at any time after the expira-
tion OF ten years from the date of
said issuance. Said bonds shall bear
interest at a rate not to exceed six
per centum per annum, interest pay
able semi-annually, and shall in all
respects comply in form and issuance
with the provisions of Chapter ITO
of the Idaho Compiled Statutes of
1919. III
Section 2, THAT in order to pro- /
vide for the payment of the interest
on said bonds authorized to be issued !
at the election herein provided for @
and to constitute q sinking fund for I
the payment Of the principal there
Of, at maturity, direct tax, in s
addition to all other Village taxes,
shall be levied and collected annual {
ly, on all the taxable property with /
In the Village of Mountain Home, g
Idaho, sufficient TO meet the interest ;
On all such bonds as may be issued, 2
promptly as the same natures and 1
also sufficient to establish and main J
tain a sinking fund, which shall be
sufficient for the payment of the
principal thereof within twenty COO Z
years from the time OF the issuance (
If the same. n
Section 3. At least thirty days b
notice of the time of holding said
Special election, is hereby directed A
o be given, by publication in the A
Mountain Home Republican, the Of =
icial newspaper of said Village of
Mountain Home. Idaho, and said
Election shall be conducted in ac- h,
with the ordinances of said Il,
Village and the Laws of the state of .,
IDAHO, IN such cases made and pro- n
-ided. ~
Section 4. That the voting at y
UGH election shall be by ballot, and
he ballot shall be so prepared as to ?.
ermit the electors to express their Sc
eslre on the issuance of said Bonds, pi
uch Ballots shall be as follows, to-
yit:
WAITED yryETr pOUnS =