St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1879-01-10
Gsfafes.
R. CALVIN LEWIS ESTATE.
ST. Johnsbury Bonds For Sale.

The town of ST. Johnsbury Vermont has On,
standing one hundred and eighty thousand dollar.
of six per cent. bonds issded to aid in building t
Essex County and Montpelier and st. :lohnsbury
Railroads, upon which the interest has been rem
larly and promptly paid.
By an act of the Legislature at its recent sessio,
the town was authorized to issue new bonds for tb
purpose of refunding or retiring its ouustandr.
bonds. A town meeting was duly warned ana
holden for the purpose of taking action under rI
law referred to. At said meeting it was duly To-,
ed to raise money to pay thirty Thousand dollar. A.
said bonded debt, and also to authorize the select
men of the town to issue fifty Thousand dOlar. ~,
new bonds to bear date March lst 1879 and l.r
BILE twenty years from date or after five year, I.
the pleasure of the town, with interest not To ev
coed five per cent. per annum, payable semannB.
ally on the LIST days of Sept and March at the
First National Bank of Boston, or the First Ns
tional Bank Of st. JOhnsbury and to be Registered
or have interest coupons annexed, the selectmrU
may deem advisable. And also to issue one hun
bred thousand dollars of new bonds at rate of in
terest not to exceed four and One-half per cent Der
annum, payable in forty years from date or after
ten years, at the pleasure of the town in all other
respects to be like the above authorized five.
twenty bonds.
The undersigned Selectmen of St JobDsbury
will receive subscriptions for five-twenty bonds
at five per cent, and for the tenforty bonds at our
and onehalf per cent, and will issue registered
coupon bonds as the subscribers NAV desire. and
will open books for subscription at the office of the
treasurer of said town on the LIST day of January
next, which will be kept open until the LIST day Of
February for subscriptions for either of said class,
es OF bonds Any person holding the bonds of the
town may subscribe to exchange for the bond.
and will be entitled to take them in preference Ia
subscribers for money. The bonds Will h..
furnished to subscribers either for exchange OF r
money. at the First National Bank of Boston OF
First National Bank of St. Johnsbury, prior 10 the
LIST day of March.
The town of st. JOhnsbury is one Of the mos,
fOurishing towns in New England The pojuI,.
ton of the town is about six thousand i'm, A.
sessment valuation is about two and Onch half mil
lions or in exact figures after deductng for fr.
men, g, ASP 4s7. The town has no debt cycepI II.
railroad bonds. By the law of Vermont the uror.
erty of every inhabitant is holden and NAV be- TAX
en- on debt against the town. By the new sa- 10.
ferred to the selectmen required To- a,-r,. t,,
to pay the interest these bonds wifhour r,,r ,,
the town, and by the act the issue Of the u. bUDd
is made conclusive to the liability ot the r-,,
upon the bonds. There cannot be a safer iu..-r-
ment than these bonds offer. The object of thr
in this Tefunding is 10 lower the rate of inter,
est on so much Of their debt they DO not desire
now to pay.
Due notice will be given TO all bondhoders who
do not subscribe to exchange. to present their
bonds for payment on the LIST day OF March next.
KEEL A n: ii WTILEY seleI IF
LUTHER p. CHENEY. St JOhnsbury.
?. d. BLODGETT. Treas. Office in Bank Block
St JOhnsbury. Vt. Dec. L. 1S1S. 6l-62