Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1906-04-26

NOTICE OF INTENTION TO ISSUE AND SELL
MuMICIPAL Coup0N BONDS Of THE
STATE OF IDAHO.
Notice is hereby given by the mayor and
common council of the city of Grangeville.
Idaho county, state Of Idaho, that the said Ely
thirty thousand IssOOOOl dollars, under the
. ~ be city Sy ahe
and under and by virtue OF ordinance No. 81 OF
the city Of Grangeville, Idaho, passed and APP
Tor r the holding Of an election to submit the
question of the issuance of such bonds to the
qualified electors of said city, and under and by
mon council by the election held under said
ordinance upon the 27th day of March, 1905, at
which election the issuance. OF said bonds as
herein offered, was authorized and approved by
more than two-thirds of the qualified electors
voting at such election.
The said bonds will be issued for the purpose
of providing funds for the acquisition, con-
struction and maintenance of a system Of water
works for the supplying Of water to the city OF
Grangeville and the inhabitants thereof for
ing the said system with water; and such bonds
shall be thirty 1901 in number OF the denomina.
ton OF one thousand 5000 dollars each all
deemabie at the pleasure of the city at any time
after the expiration OF ten years. These bonds
shall bear interest at not to exceed five per cent
| per annum, payable semiaDnually on the first
day OF January and the first day of July OF each
| year, at the ONCE OF the city treasurer Of the
city Of Grangeville, or at such bank or trust
company In the city Of New York, state OF New
York. as may be hereafter designated. None OF
such bonds will be sold at less than Its face or
par value. with accrued interest at the time of
disposal, delivery to be made within sixty days
after the acceptance of any bid or bids.
| Such bonds will be sold for legal tender money
interest will be redeemable in gold coin OF the
| United States of its present standard and fine
ness Semi-annual interest coupons will be
| attached to said bonds covering the interest
provided therein, from the date of issue until
| paid. and such bonds shall be known as munici
pal coupon bonds Of the city Of Grangeville
| idaho
Bids must be addressed to the mayor and
| common council of the city Of Grangeville
Idaho, and must be accompanied by a certified
the amount OF the bonds bid for Such checi
| to be drawn payable to the city of Grangevillt
and to have no conditions Endorsed thereon.
Sealed bids will be received at the Office o.
O'Clock p. M, Monday, May 7, 1906, and thu
same will be opened by the mayor and common
council at s O'Clock p m. upon said day at thu
council room in the court house, In the city
Grangevile, in the presence OF all bidder
present.
An abstract showing the financial condition
of the city Of Grangeville and all information
relative to said bonds, may be had upon appli
cation to Jam Is DeHaven, city clerk of the cit!
OF Grangeville Idaho.
reject any and all bids which may be ohere'
for said bonds, or any portion Thereof, and t
make allotments to bidders In such amounts a
may be for the best interests Of the city.
Dated April 2, 1905.
Approved by the mayor and common council
iseall FEN BATrY, Mayor.