Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1906-04-19
NOTICE OF INTENTION TO ISSUE AND SELL
MUNICIPAL COUPON BONDS OF THE
CITY OF GRANGEVILLE, IDAHO COUNTY.
STATE OF IDAHO

NOTICE OF INTENTION TO ISSUE AND SELL
MUNICIPAL COUPON BONDS OF THE
STATE OF IDAHO.
Notice is hereby given by the mayor and
common council of the city of Grangeville.
ldaho county, state Of Idaho that the said city
thirty thousand issOoOOl dollars. under the
stitution and general laws OF the state OF Idaho,
and under and by virtue of ordinance No. 81 of
the city Of Grangevilies Idaho, passed and ap.
proved the 9Th day Of February, 1905, providing
for 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
virtue of the authority conferred upon the COM
mon council by the election held under said
ordinance upon the 9th day OF March, 1906, at
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
Grangeville and the Inhabitants thereof for
municipal and domestic purposes; for supply
ing the said system with water and such bonds
shall be thirty 1901 in number, Of the denomina-
ton Of one thousand $4,000 dollars each, all
payable twenty years after their date, but re-
deemable 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 semi annually on the first
day OF January and the first day of July of each
year, at the office 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
of the United States, and both principal and
interest will be redeemable In gold coin of the
ness. semi-annual Interest coupons win be
attached to said bonds covering the interest
provided therein, from the date of issue until
paid, and such bonds shall be known as munich
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
check in an amount equal to five per cent of
the amount of the bonds bid for. Such check
to be drawn payable to the city of Grangeville
Sealed bids will be received at the Office Of
the city clerk at Grangeville, Idaho, until s
O'Clock p. NJ, Monday, May 7, 1906, and the
same will be opened by the mayor and common
council at o'clock p. m. upon said day at the
council room in the court house, in the city of
Grangeville, in the presence of all bidders
present
An abstract showing the financial condition
of the city of Grangeville, and all information
relative to said bonds, may be had upon appli.
of Grangeville, Idaho.
The city OF Grangeville reserves the right to
reject any and all bids which may be offered
for said bonds, or any portion Thereof, and to
make allOtments to bidders in such amounts as
may be for the best interests of the city.
Dated April 2, 1906.
. JAMES DEHAyEN, City Clerk.
Approved by the mayor and common council
the End day OF April 1906
lseall FEN BArTy. Mayor.