Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1906-05-03
MUNICIPAL COUPON BONDS OF THE
CITY OF GRANGEVILLE. IDAHO COUNTY,
STATE OF IDAHO.


common council OF the ely Of GEapgeyile,
Idaho county, stateof Idaho, that the said city
of Grangeville win issue, negotiate and sell its
municipal coupon bonds to tine amount of
thirty thousand I$S0.000 dollars, under the
authority conferred upon such city by the con-
stitptio9 and general laws Of The state q Idaho
the city Of Grangeville. Idaho, passed and APP
proved the 9Th day Of February, 1906, providing
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.
ordinance upon the 9th day Of March, 1905, at
which election the issuance of said bonds
herein offered, was authorized and approved by
more than two.thirds of the qualified electors
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
Grangeyille and the Inhabitants thereof for
municipal and domestic purposes; for supply
ing the said system with water; aud such bonds
shall be thirty 1901 in number, Of the denomina.
ton Of one thousand $4,000 dollars each, all
Of s
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
United States OF its present standard aud 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 Grangevile,
Idaho.
Bids must be addressed to the mayor and
Idaho, and must be accompanied by 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 Grangevile
| and to have no conditions Endorsed thereon.
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-
cation to Jam IS DeHaven. city clerk Of the city
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.
| ISeal FEN BATTY, Mayor.