Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1906-04-12
NOTICE OF INTENTION TO ISSUE AND SELL
MUNICIPAL COUPON BONDS OF THE
CITY OF GRANGEvILLE. IDAHO COUNTY,
STATE OF IDAHO

NOliCE UT ISSUE AND SKILL
MUNICIPAL COUPON BONDS OF THE
CITY OF GRANGEVILLE, IDAHO COUNTY.
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 city
of Grangeyile will issue. negotiate and sell its
thirty thousand IsSoOOol dollars, under the
authority conferred upon such city 10y the con-
sttntion and general laws of the state of Idaho,
and under and by virtue of ordinance No. 81 of
the city of Grangeville. Idaho, passed and an
proved the 5th day of February, 1905. providing
question of the issuance OF such bonds to the
qualified electors of said city, and under and by
virtue Of the AUTHORITY con ferred upon the com
mon council by the election held under said
ordinance upon the 27th day OF March, 1906, at
which election the issuance of said bonds
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 system of water
works for the supplying Of water to the city OF
| 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.
payable twenty years after their date, but re.
deemable at the pleasure of the city at any time
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
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 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,
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 Grsngeville
and to have no conditions Endorsed thereon.
Sealed bids will be received at the Office of
the city clerk at Grangevile, Idaho, until s
same viii 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
relative to said bonds, may be had upon appli.
cation to Jam Is DeHaven, city clerk Of the city
of Grangevie. 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
may be for the best interests of the city.
Dated April 2, 1906.
JAMES DEHAvEN, City Clerk.
Approved by the mayor and common council
| the End day of April, 1906.
| tSeal FEN BATTY, Mayor.