Fairhaven herald. [volume] (Fairhaven, Wash.) 1890-????, 1891-06-28

lied August 4th, A. d. 1890. shows that the as
sessed valuation of the taxable property OF
sald elty is s1'451 4Gg; The real valuation Is
about sl2OOO,0OO. 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
tne passage or the ordinance authorizing the
election for the purpose OF voting on the.
question or issuing said bonds, to-wit:
April sth. A. d. 1891, was sllo,58ll3, and that
said indebtedness has not been increased
since said date.
This issue OF si5O,OOO is the first issue OF
bonds ever made by said city, and is the
election. The remaining 100000 OF said
s25O'WO will not be borrowed for sevel
months. said bonds will bear date July
A. ID. 1891. and be ready for delivery on
about August LIST, A. d. 1891 the purchaser ~
pay accrued interest from July LIST, 1891, to
date OF payment OF sum bid. The interest Is
| payable July LIST and January LIST, first inter
! est payment being January LIST, A. d. 1892
said bonds are issued for general municipal
/ purpO-' 5, pursuant to an act OF the legisla-
/ ture or said state, entitled An act TO au-
| thorize cities and towns to borrow money for
municipal purposes. and to issue negotiable
| bonds therefor approved March 9TH, A. D.
/ 1891, said act, while general in its 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
| ordinances relative thereto. These bonds
contain all necessary recitals and create an
| obligation that cannot be resisted by said
! city and may be taken I'm complete reliance
on their legality.
These bonds will not be sold at private
sale. but will be sold in whole or in part to
| 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 II o'clock noon, June 29th A. ID. 1891. for
the purchase OF any or all of said issue of
| Sl5l,OOO, when the same will be opened and
! allotment made as soon thereafter as prac-
! tcable.
/ A certified check payable to the order of
|. ;. Richards. city treasurer, for five per
cent. of the par value of the bonds bid for
must accompany all bids. said bids to state
| the price and terms of delivery of bonds and
payment thereon.
Bids will be opened in the directors I1kfn
of the First National Bank, Fairhaveb.
| Washington, by the undersigned mayor and
executive committee on said une 20, A. ID.
The right TO reject any ana all bids is re-
| 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
mittee OF the council OF the City OF Fair
haven,
f, NJ. WILSON, Mayor
Z. W CHRIST oPHER,
j, NJ. DARLING,
Il. j. KINGHoRN,
Executive Committee,
Attest
Z. W. CHRISTOPHER, Secretary
Dated Jure 9Th. A. d. 1891