The Newport miner. [volume] (Newport, Wash.) 1899-current, 1909-10-14
Notice Of Cali for Bids

Whereas, at special election in the county
OF Stevens, state OF Washington, held on the
It'll day OF September, 1909, there had been SUBJ
mitted to the voters of said county the prOpo-
sition of validating and ratifying the Current
Expense fund warrant Indebtedness in the
amount of $l59, 905 Ia and interest thereon; and
against validating and ratifying the Current
Expense fund warrant Indebtedness and inter-
est thereon. in the amount OF $159, a." also
"for issuing bonds in the amount of 5000, 900 90
for the purpose OF funding outstanding warrant
Indebtedness and against issuing bonds in
the amount of 5000 10000 for the purpose of
funding outstanding warrant Indebtedness"
And said propositions having been voted upon !;
and it appearing from the vote cast upon said
proposition that it had been carried by more
than three-hfths vote OF all persons voting, and
the county commissioners having made an
order herein directing the issuance of notice
for receiving of bids In the sum 500, to
take up and fund said county current expense
fund warrants by exchanging said county cur
rent expense fund warrants for coupon fund
ing bonds.
Now, therefore, notice is hereby given that
sealed bids will be received by the Board OF
County Commissioners of Stevens county,
Washington, for the purchase of coupon fund
lug bonds, the said coupon funding bonds
to be exchanged for the said out
standing county current expense fund war
rants issued for the purpose of paying Off the
running expenses of said county of Stevens,
state Of Washington, said coupon funding
sbonds to be in the total sum of 5000. 1000 90 in
one series and of the denomination of $4,000
or $lUOU.UU eaCn, at q rate OF interest not TO
exceed per cent per annum, running for the
period of twenty years with an option OF pay
ing the same or any part thereof in ten years
from date Said funding bonds, if issued, to
be in four blocks of $5O.0O000 each, the first
block when issued to be used exclusively for
funding like amount of said current expense
fund warrant Indebtedness, and when such
amount is funded the second block of $50,0OO,00
to be issued and the proceeds applied in like
manner, ana when so applied the third block
of $50 10000 to be issued and the proceeds ap-
piled in like manner, and when so applied the
fourth block of $50 $4,000 or so much thereof as
may be necessary to be issued and the pro-
ceeds to be applied for the funding OF the re-
mainder of said Indebtedness.
Bids will be opened and considered October
10TH 1909, at the hour of 10 O'Clock m, at the
office of the county treasurer in the court house
at COlville, Washington
Bidders are required to name the price and
rate of interest at which they will purchase
said bonds, and furnish the Autographed
blank bonds, and pay expense OF exchange
therefore, said bids to be accompanied by a GER
tilted check in the sum of ST. 90 payable to
treasurer of Stevens county, Washington. the
county commissioners reserve the right 10
reject any or all bids.
By order of the Board of County Commits
sioners of Stevens county, Washington.
L. E. JESsEPH,
County Auditor and Clerk OF Said Board.
Dated at Coiville, Wash, Sept. IL. 1909. 1870