Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1905-05-05
NOTICE OF SHLE OF IRRIGATION GOU-
pom BONDS.

NOTICE OF SHE OF IRRIGATION 6OU-
pom BONDS.
Notice is hereby given that the Montpelier Ir-
rigation District of Bear Lake County, Idaho, is
about to negotiate and sell irrigation district
bonds in and to the amount of S65 900 90; under
and by virture of an Act of the Legislature Of
the State of Idaho, approved March 9th 1908
and all acts amendatory thereto relating to the
tricts, and to provide for the acquisition of
water and other property and for the diStribu-
ton of water thereby. for irrigation purposes
and for other and similar purposes.
The issuance of these bonds has been approved
by the legal two thirds majority of the qualified
electors, who are tax payers and holders of land
in the said irrigation district voting at special
election called and held for that purpose in said
district on the 18th day of March 1905, and duly
canvasSing board.
That all proceedings for the organization of
said district and the issue, and sale Of bonds
thereof have been confirmed and approved by
the District Court of the district in which said
irrigation district is situated.
Said bonds shall be payable in money of the
United States in ten series as follows, towit:
At the expiration of eleven years, five per cent
OF the whole amount of said bonds at the ex-
plration OF twelve years six per cent, at the ex-
plration OF thirteen years, seven per cent at
the expiration of fourteen years, eight per cent,
at the expiration of sixteen years, ten per cent,
at the expiration of seventeen years eleven per
cent, at the expiration of eighteen years thir-
teen per cent at the expiration of nineteen
years fifteen per cent, at the expiration of
twenty years sixteen per cent, and shall bear
interest not to exceed seven per cent per annum
payable semi-annually on the 1st day of January
and the lst day of July in each year. The prin-
cipal and interest of said bonds shall be pay
able at Montpelier, Idaho, or Well Fargo & Com
pany Bank in New York City, ~ Y. Said bonds
shall be each of the denomination of not less
than fifty dollars nor more than five hundred
dollars, shall be negotiable in form and be
signed by the President and Secretary and the
seal OF the Board of Directors shall be affixed
thereto. Coupons for the interest shall be at
nv he ateru
Said bonds shall state on their face that they
are issued by authority of the Act above men
TONED, stating it's title and date of approval.
Said bonds are offered in sums less than the
whole amount, so to be issued, or the total
amount at the option OF the bidder, The Board
reserves the right to reject any and all bids and
to make such allOtmentS in such sums as may
be for the best interests of the District
All bids for these bonds must be addressed to
THE Board of Directors, Montpelier Irrigation
District" j. S. Robson, Secretary, Montpelier.
Idaho, and be accompanied by a certified
amount of the bonds bid for, such check to be
drawn in favor of the Boz I'd of Directors of the
Montpelier Irrigation District, and to have no
condition endorsed thereon, except as set forth
In this notice.
Bonds for which bids are accepted will be de-
livered on or before the First day of November
1905, at which time payments must be made in
full for the whole amount of bonds so allotted,
and if payment is not made on or before that
date. the said amount represented by said GER
tilted check shall be forfeited to the said Mont
pelier Irrigation District in satisfaction of dam
ages accruing to it for such failure
No bids shall be received for less than the par
value of said bonds.
Sealed bids will be received at the Office of the
Montpelier Irrigation District, in Montpelier
Idaho, up to ten O'Clock M on the 10th day OF
Jnne, 1905. and the same will be opened by the
Board of Directors of said District at two o'clock
?. m, on said day, at the office of said Board in
Montpelier, Idaho, in the presence of all per
sons wishing to attend.
Full information relating to the financial con
dition, taxable wealth and legal status of the
District will be furnished by the Secretary on
application
Witness our hands this 4th day of May 1905
w. J. HUNTER
CHAS. STEVENS,
JOHN X. BRENNAN,
Attest Board of Directors.
is robson, Secretary,
First nIlh Z