Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1908-07-17
Proceedings Of the Board Of COun-
ty Commissioners.

Be it remembered that on this 18th
day Of July, A. d. 1905, at 9 o'clock
a. M, pursuant to statute, the board
Of county commissioners Of Lincoln
county, State Of IDAHO, met in regular
session.
Present: !. II. lines, chairman; John
Curran and Frank f. Crosse, commits
sioners, and Harry w. Anderson, clerk.
In the matter OF the refunding Of
$2s, 10000 Lincoln County Bonds, by
carried motion the following resolution
was adopted;
Whereas, Lincoln County. Idaho is
indebted on account of the bonds which
the county board has examined and has
found and declared and does hereby
! find and declare are the valid, binding,
legal and subsisting obligation Of Lin
coin County, which became due on the
first day Of July, 1908; and
Whereas, there is no sinking fund on
hand for the payment of said bonds;
therefore,
Be il Resolved by the board of county
commissioners of Lincoln county, Idaho, /
that for the purpose of refunding the /
bonded indebtedness of Lincoln county 4
to the amount of twenty-eight thousand /
dollars 1928, 0O0), which came due on
the first day of July, there are hereby
authorized to be issued refundng bonds
of Lincoln county to the amount of
twenty-eight thousand dollars, dated
the first day Of July, 1908, and bearing
interest evidenced by coupons at the
rate of five and one-haif per centum
per annum, payable semi-annually.
Twenty (2Ol of said bonds shall be
issued in denominations of one thousand
dollars ($l ,000) each, and ten Q0) of
said bonds shall be issued in denomin-
each, and thirty 800 of said bonds shall
BE- issued in denominations of one hun
deed dollars (s1OO) each shall become {
due on the first day of July in each of
the yearc 1918 to 1927, both inclusive.
Both principal and interest of said bonds
shall be made payable at the Chase +
National Bank in the city of New York,
State of New York.
Be it further resolved that the bonds
hereby authorized shall be in substan-
tally the following form:
UNITED STATES OF AMERICA
No =. STATE OF IDAHO S.. r
LINCOLN COUNTY REFUNDING BOND. N
Know all men by these presents, that P
he county of Lincoln in the state of S,
IDAHO, acknowledges to owe and for
value received hereby promises to pay a
o bearer ...........D Dollars IS .
awful money o. the United States of b
America on the first day of July A. d. t.
9 j., with interest thereon from the n,
ate hereof at the rate of five and one n,
alf 90 per centum per annum pay b,
BILE semi-annually, on the first day of m
anuary and July in each year on pre- al
sntation and surrender of the annexed re
lterest coupons as they severally be- ne
ONE due. o.,
Both principal and interest of this al
ond are hereby made payable at the re
base National Bank in the city of New
ork, state of New York, and for the in
rompt payment of this bond and the in
lterest thereon the full faith, credit in
nd resources of Lincoln county are tn
areby pledged. We
This bond is one of series of like tn
nor (extept maturity issued for the or
Irpose of refunding the bonded indebt- m,
mess of Lincoln county under the vi
lthority of Sections 1902 to 3615, in ex
usive, of the Revised Statutes of tn
aho as amended. an
1t is hereby certified and recited that SD
acts, conditions and things required no
be done precedent to and in the issu- da,
2 of this bond have been done, hap vii
ned and been performed in regular ha,
d due form as required by law; that tar
e Indebtedness refunded into this 70
nd was and is a valid. binding and 7
bsisting obligation of Lincoln county; str
at direct annual tax has been levied an
on all the taxable property of Lincoln wa
inty for the payment of this bond fail
the interest thereon and that the be
al Indebtedness of said Lincoln coun- I
including this bond, does not exceed O.
) constitutional or statutory hmita- cen
MS.
n testimony whereof, the board of was
nty commissioners of Lincoln county, N
no, have caused the seal of said Pie,
nd to be hereto affixed and have T
sed this bond to be signed by the siti,
irman of the board, attested by the laid
*, countersigned by the county n
isurer and have caused the annexed
rest coupons to be signed with the Ate
-simile signature of said treasurer
first day Of July, 1905
Chairman, board of county com =
miSsiOuers W