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ORDINANCE NO. <br />AN ORDINANCE AUTHORIZING AND ]R OVIDING FOR THE ACQUIRING OF, CONSTRUCTION <br />OF, INSTALLATION AND OPERATIONS OF A WATER SYSTEM AND WORKS, AND DISTRIBU- <br />TION OF WATER FOR THE INHABITANTS OF THE VILLAGE OF CHUBBUCK, AND FOR THE <br />BENEFIT OF THOSE SERVED BY THE SYSTEM AND FOR THE PRONDTION OF PUBLIC <br />WELFARE, IMPROVEMENT OF HEALTH, SAFETY, COMFORT AND CONVENIENCE OF THE <br />INHABITANTS OF THE VILLAGE OF CHUBBUCK; SETTING FORTH A BRIEF AND GENERAL <br />DESCRIPTION OF THE SAID WORKS AND WATER SYSTEM TO BE ACQUIRED AND CONSTRUCT- <br />ED; REFERRING TO THE'PRELIMINARY REPORT, PLANS AND SPECIFICATIONS WHICH <br />HAVE BEEN PREPARED AND FILED WITH THE VILLAGE BY A QUALIFIED ENGINEER <br />CHOSEN FOR THAT PURPOSE; SETTING FORTH THE COST OF THE WORKS AND SYSTEM <br />AS ESTIMATED BY THE ENGINEER SO CHOSEN; ORDERING THE AQUISITION, CON - <br />STRUCTION AND INSTALLATION OF SAID WORKS AND WATER SYSTEM; DIRECTING THAT <br />REVENUE BONDS OF THE VILLAGE OF CHUBBUCK SHALL.BE ISSUED BY THE VILLAGE <br />OF CHUBBUCK UNDER AND PURSUANT TO THE PROVISIONS OF CHAPTER 47, 1953 <br />SESSION LAWS OF THE STATE OF IDAHO, KNOWN AS THE REVENUE BOND ACT, -IN AN <br />AMOUNT NECESSARY TO PAY THE COST OF THE SAID WORKS AND WATER SYSTEM, <br />PRELIMINARY EXPENSES AND COSTS, AND ALL COSTS AND EXPENSES REQUIRED <br />THEREFOR; PROVIDING FOR THE PAYMENT OF SAID BONDS AND INTEREST TO BE MADE <br />SOLELY OUT OF THE REVENUES RECEIVED FROM THE OPERATION OF SAID WORKS AND <br />WATER SYSTEM; PROVIDING THE MAXIMUM RATE OF INTEREST ON SAID BONDS; <br />PROVIDING FOR THE LIEN OF SAID BONDS TO BE A PRIOR AND PARAMOUNT LIEN <br />ON THE REVENUE RECEIVED FROM OPERATION OF SAID WORKS AND WATER SYSTEM <br />FOR WHICH SAID BONDS ARE TO BE ISSUED; PROVIDING THAT THE VENUE BONDS <br />SO ISSUED AND INTEREST THEREON SHALL BE PAID SOLELY FROM THE REVENUES <br />DERIVED FROM THE OPERATION OF SAID WORKS AND WATER SYSTEM AND NOT-BE A <br />DEBT OF THE VILLAGE OF CHUBBUCK, AND THE VILLAGE OF CHUBBUCK SHALL NOT BE <br />LIABLE THEREON; PROVIDED SAID BONDS SHALL NOT BE PAYABLE OUT OF ANY FUND <br />OTHER THAN THE SAID REVENUE PLEDGED FOR THE PAYMENT THEREOF; PROVIDING <br />FOR THE CALLING AND IIOLDING OF AN ELECTION BY THE QUALIFIED ELE -CTORS OF <br />SAID VILLAGE PRIOR TO THE ISSUANCErOF SAID REVENUE BONDS, SETTING THE DATE <br />AND TIME OF THE HOLDING OF SUCH ELECTION IN SAID VILLAGE AND THE NOTICE <br />OF SUCH ELECTION, FOR THE QUALIFIED ELECTORS TO VOTE IN FAVOR OR AGAINST <br />THE ACQUIRING AND CONSTRUCTION OF SUCH WORKS AND WATER SYSTEM AND THE <br />ISSUANCE OF REVENUE BONDS ON THE REVENUE OBTAINED FROM THE OPERATION OF <br />SAID SYSTEM TO PAY FOR THE PRINCIPAL AND INTEREST OF SUCH BONDS; PROVIDING <br />FOR PUBLICATION OF THE NOTICE OF SUCH ELECTION, AND PROVIDING THE FORM OF <br />BALLOT TO BE USED IN SUCH ELECTION; PROVIDING FOR THE OF TAKING EFFECT <br />OF THIS ORDINANCE; REPEALING ALL ORDINANCES AND PARTS OR ORDINANCES IN- <br />SO -FAR AS THEY MAY BE IN CONFLICT WITH THIS ORDINANCE. <br />BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE VILLAGE OF CHUBBUCK, <br />BANNOCK COUNTY, IDAHO: <br />Section to That the Village of Chubbuck, having no water works, or <br />water works system, or water supply for furnishing water and distributing <br />the same and supplying the same to the inhabitants of the Village of <br />Chubbuck, or for supplying water to the Village for fire protection, <br />sanitary uses and other uses of the Village, and necessity.existing <br />therefor, it is now hereby determined and declared to be necessary that <br />the Village now acquire, construct and install, operate and maintain a <br />sufficient water works system for the purpose of supplying and dis- <br />tributing water to the inhabitants of the Village of Chubbuck, and <br />