St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1879-01-17
st. JOhnsbury Bonds For Sale

The town of st. JOhnsbury, Vermont no..
standing one hundred and eighty thousand d,rI
of six per cent. bonds issued to aid in IuiIJi ,''
Essex County and Montpelier and ST ToIn que
Railroads, upon which the interest ba. hen ''ll
larly and promptly paid. ''-u-
By an act OF the Legislature at its recent s,f
the town was authorized to issue now bo,,J L
purpose of refunding or retiring il, uurstg,,
bonds. j town meeting was duly warned -l
holden for the purpose Of taking action undr l ,-'
law referred 10. AT SAID meeting il was duJrr..
ed TO raise money to pay thirty thousand d,ts--.,
said bonded debt and also to authorize the sell rr
men OF the town to issue fifty thousand dollar,
new bonds to bear date March LIST. ls7g and I...
BILE twenty years from date or after five wear,
the pleasure Of the town, with interest NOT In .-
coed hve per cent. per gnnum, payable semi-alr.
any on the LIST days OF Sept. and March al t
First National Bank of Boston. or the First \
tiGnal Bank Of st. JOhnsbury and to be rr-i.r.-,I
or have interest coupons annexed, the srlectr4r
may deem advisable. And also to issue on. I,
bred thousand dollars of new bonds at a T,f4 ~ 90
terest not to exceed four and one-half Der c,r- -
annum, payable in forty years from dat, or -.
ten years, at the pleasure of the town in ali .-r.
respects to be like the above authorized t.
twenty bonds.
The undersigned Selectmen of Il .T,.l.r.I.,,.
will receive subscriptions fur fve-ru.,l,tr' L'il'
at five per cent and for the teu-forrv bond. NJ t
and One-half per cent, aud will issue rrgi,t,,j
coupon bonds as the Subscribers may d-sir. .uj
will open books for subscription at tn .fffc If t
treasurer Of said town on the lst day 0t I,yv.,,.
next which will be kepl open until the LIST dan ;y
February for subscriptions for either Of said class
OF bonds. ANY person holding the bonds Ut the
town may subscribe to exchange Tor the bond
and will be entitled to take them in preference
subscribers Tor money. The new bonds will To-
furnished to subscribers either for exchange
money. at the First National Bank of Boston.
First National Bank Of 1t. JOhusbury, prior To- d.
LIST day OF March.
The town Of st. JOhnsbury is one Of the mos
furnishing towns in New England. The pupu-
ton of the town is about six thousand The
sessment valuation is about two and one-halt u..
lions or in exact figures after deductng tuT rr.
men 50 452 4S7. The town has no debt except .-,
railroad bonds. BY the law of ermont the pr.
erty of every inhabitant is holden and may Ice TAI
en- on a debt against the town. BY the new ay' r.
ferred to the selecmen are required To assess a.
TO pay the interest ON these bonds without vote
the town and by the act the issue of the new bond,
is made conclusive to the liability OF the j,E.
upon the bonds. There cannot be safer iuyr'
ment than these bonds offer. The object of ---
town in this refunding is to lower the rate of int,
est on so much of their debt as they d" not ar,.
now to pay.
Due notice Will be given to all bondhodrr~
do not subscribe To exchange. to present rI-
bonds for payment on the LIST day OF March next
WM. HIGGINS. Selecuurn
ABEL WILEY. of
LUTHER p. CHENEY, ) st. JOhnShUIr
p. d. BLODGETT, Treas, Office in Bank E..s
st. Johnsbury, Vt. Dec. Is, ISIS. tl-