Fairhaven herald. [volume] (Fairhaven, Wash.) 1890-????, 1891-06-18
BONDS
$3.50, 900 Non-Optional Twenty
Year Six Per Cent.
Gold Bonds
Fairhaven, State of Washington


On or about July lst A. d. 1891. the city OF
FairhaYen, WhatcOm county, State OF Wash
ingtOn, will issue sl5O,O0O twenty-year six per
cent gold bonds. These bonds are Of the de-
noml nation OF $1,000 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 1900. 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 6431,409. The real valuation is
about sI2 100000. The entire existing and
contract Indebtedness OF every form, evil
denced by warrants, current accounts and
contracts already awarded including street,
sewer salary aud 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-wft:
April sth, A. D. 1891 was sllo,5Gl13, and that
said Indebtedness has not been increased
since said date.
This issue OF sl5OOO0 is the first issue OF
first issue OF the s2jOtOO authorized at said
election. The remaining slO0,000 OF said
s25OUo VIII not be borrowed for several
months. Said bonds will bear date July list
A. ID. 1891. and be ready for delivery on or
about August LIST, A. d. 1891. the purchaser 90
pay accrued Interest from July LIST, 1891, 10
date Of payment Of sum bid. The interest Is
payable July 1st and January LIST, first Inter-
est payment being January LIST, a. ID. 1892
said bonds are Issued for general municipal
PURPOSES pursuant 10 an act OF the legisla-
ture or said state, entitled An act to au-
thorlze cities and towns 10 borrow money for
municipal purposes. and to issue negotiable
bonds therefor approved March 9Th. A. ID.
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 I'm 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 and create an
obligation that cannot be resisted by said
city and may be taken In complete reliance
These bonds win not be sold az private
sale, but Will be sold In whole or I'm part 20
the highest bidder Sealed bids endorsed
pose Bonds" Will be received by the sec
rotary OF the undersigned at the First Ma
t w "a BANK OF falrhayen; Washington, UNI
VI II O'Clock noon. June 29th. A. ID. 1891, for
the purchase OF any or all OF said issue OF |
$4,000, when the same will be opened and |
allotment made as soon thereafter as prae
ticable
A certified check, payable to the order OF
!. :. Richards, city treasurer, for five per |
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 room ]
of the First National Bank. Fairhaven. |
Washington, by the undersigned mayor and |
executive committee on said June ~, A. b. |
The right 10 reject any and all bids is re-
served.
Address all bids and correspondence TO z.
W. Christopher, secretary, care OF First Ma |
tionai Bank, fairhaven, Washington.
BY order OF the mayor and executive COM |
mittee OF the council of the City OF Fair
haven,
T.. NJ. WILSON, Mayor
y. W. CHBIsIoPBEH
j. NJ. DARLING,
II. J. KIsGHoRs,
Executive Committee,
Attest:
u. w. CHRISTOPHER, Secretary
Dated Jura 9th. A. ID. 1897.