Fairhaven herald. [volume] (Fairhaven, Wash.) 1890-????, 1891-06-11
BONDS
SI5o, 900 Non-Optional Twenty
Year Six Per Cent.
Gold Bonds
Fairhaven, State of Washington

On or about July lst A. ID. 1891, the city Of
Fairhaven, Whatcom county, State of Wash
ington, will issue sl50,0O0 twenty-year six per
cent. gold bonds These bonds are of the de-
nomination Of 81 900 each. will be dated July
list, A. ID. 1891. mature in twenty years. Bear
interest at the rate of six per cent, payable
semi-annually, interest and principal pay
able IN the City of New York. The population
of said city is 1000 The last assessment roll OF
said city, previous to the date hereof, equal
lied August 4th, A. ID. 1890, shows that the as
sessed valuation Of the taxable property OF
said city is s7,437.40g. The real valuation Is
about s12 100000. The entire existing and
contract Indebtedness OF every form, evil
denced by warrants, current accounts and
contracts already awarded, including street,
sewer, salary and all other contracts that
are either an indebtedness or liability
against the City of Fairhaven at the date OF
| the passage Of the ordinance authorizing the
election for the purpose of voting on the
question of issuing said bonds, to-wlt:
| April sth A. ID. 1891, was sll056ll3, and that
said indebtedness has not been Increased
This issue of sl5O,OOO is the first issue Of
bonds ever made by said city. and is the
/ first issue of the s25O,OOO authorized at said
election. The remaining 100000 OF SAID
| months. Said bonds will bear date July lst,
] A. ID. 1891. and be r, ady for delivery on or
about August lst, A. d. 1891. the purchaser to
pay accrued interest from July lst, 1881, TO
date of payment OF sum bid. The interest Is
payable July LIST and January lst' first inter
est payment being January lst A. ID. 1892.
purposes, pursuant to an act OF the legisla-
ture or said state, entitled An act to au =
thorize cities and towns 70 borrow money tqr
municipal purposes. and TO issue negotiable
bonds therefor approved March 7th A. ID.
1891, said act, while general In It's terms was
drafted expressly for the purpose OF this
| issue There has never been default in
either principal or interest in any obligation
OF said city, and these bonds are issued by
virtue of, and in strict conformity with, the
constitutional and statutory provisions and
ordinances relative thereto. These bonds
contain all necessary recitals ana create an
obligation that cannot be resisted by said
city and may be taken In complete reliance
These bonds VIII not be sold at private
the highest bidder. Sealed bids endorsed
Bids for, General Municipal Pur'
pose Bonds" will be. received by the sec
rotary of the undersigned at the First Ma
tional Bank of Fairhaven, Washington, un-
til 10 o'clock noon, June 29th. A. D; 1891, fol
the purchase Of any or all OF said issue OF
sl50,OO0, when the same will be opened anC
allotment made as soon thereafter as prac
ticable.
/. S. Richards, city treasurer, for five PEE
cent OF the par value OF the bonds bid TO
must accompany all bids, said bids to stat
; the price and terms of delivery OF bonds ant
BIds will be opened in the directors room
: OF the First National Bank. fairhaven
, Washington, by the undersigned mayor an,
executive committee on said June y, A.
1891. at 12:15 D. m; ,,,
e The right TO reject any and all bids Is re
I served.
,, Address all bids and correspondence TO 2
! w. Christopher. secretary, care of First Ma
| tional Bank, Fairhaven, Washington.
BY order Of the mayor and executive com
I mlttee of the council of the City OF Fair
= haven, .
a f, NJ. WILSON, Mayor.
y u. w. CHRIST oPHER,
: ]. NJ. DARLING,
i II. J. KINGHORS,
: Executive Committee,
q Attest;
y. w. CHRISTOPHER, Secretary.
= Dated June 9th. A. ID. 1891.