Lincoln County times. (Jerome, Idaho) 1911-1919, 1912-05-02
RESOLUTION.


trustees nf the village al Jerome, IN the
state oi Idaho, haNeb 10y ordinance prnVid-
cd for an issue OF the municipal coupon
bonds of the village in the aggregate
amount Of four Thousand five hundred
dollars 81. 300. tor the purpose ui iund-
ing. purchasing and r,-iccinlng IKE
amount nf the valid outstanding lndcht-
rdnt-Ss ul the village. to bear date May
]. l9l2, hearing interest al the ratr'nl
six per centun per annuni. payable
,rmi-annually on the first day OF January
and the first day of July IN each year.
said bonds being r4ieeinahle AT the OPP
tun of the Village after ten years and
absolutely due and payable twenty years
from their date; ami
WHEREAS. it is the intention of the
chairman ami board oi trustees OF the
village oi Jerome To- issue and sell said
! bonds; and
WHEREAS. ii j. provided 10y section 2:ilH
OF the Idaho Revised Codes that the
chairman and board ot trustees must give
! notice hy publication in some newspaper
published in the Nillage-ii in a weekly
l,ap,.f. in four ISSUES thereoi-ii in any
other paper. fnr Tour weeks. oi its inten-
ton L. issue and negotiat such bonds and
invite bidders therefor; Now therefore.
BE 1T RESOLVED 10y the Chairman and
Board OF Trustees of the Village of Je-
rome.
/. That the village clerk OF the village
oi Jerome bc and lac j. hereby authorized
and directed To give notice hy puhllca-
ton in the Lincoln County Times and the
North side News. the official newspapers
oi the village. ol the intention OF the
chairman and board oi trustees of the
village ui Jerome 10 issue and negotiate
the municipal coupon honds ui the VII
lage in 1.-THE aggregate amount OF four
thousand five hundred dollars tS4 ,1nJ
tn provide ior funding. purchasing and
i redetning like amount OF the valid
outstanding Indebtedness OF the village,
i'm accordance with the provisions oi or
dinance No. -. ut the village oi Jerome,
adopted and approved the 18th day &"
April. \. u. 1912.
,. That said notice shall be in sub
stantally the following form, to-wit;
NOTICE
4 OF MUNICIPAL. CulroN BnND 'ss' p ANp>All
I BY TIE VILLAGE OF JEROME, IDAHO.
Public nutic, j. hereby given that TIN
Village ui Jerome. in tine county ui Lin
coin and state ui Idaho, intends to is>u'
and negotiate the municipal coupon bond
q oi said village Ia the amount pi four thou
sand five hundred dollars tS4.IOnl tu
the purpnse oi funding. purchasing an'
( r.deeming like amount ut the valid ont
J standing Indebtedness ol the village.
y said bonds will he ISSUED in cuniormit
with the provisions OF ordinance No. /
uf said village, adopted and approved o
the 27th day ol April. \. ID. 1872. san
b., bonds will bear date May /, lHi2. Will b
pdeemahlr in numerical oricr al the ul
y ton ni the Village amy time after ten Go
IL Il A IA
absolutely due and payable May ]. 1853
d They will consist uf nine (a) bonds ui th
l. denomination ol five hundred dollar
$500 cach and will bear interest al ia
rate oi not exceeding SiN per centum lt
annum. payable Seni-annually ON til
first day oi July ami the first day oi Jan
p uary in each year
The board ot trustees Oi SAID village 4
Jerome invite bidders ior said bond,
1l and all bids shall he sent To the Villas
clerk at Jerome, Idaho. on or before |
m. Of the 10Th day ol May, \. ID. lHl2
r. No conditional bids lnr said bonds vi
-, be considered. and bidders must fir
. satisfy said village ot their ability Ia tab
l. up and pay for said bonds within ten IL
days after date oi sale before their hi'
will be considered.
rS All bids arr Ia he accompanied 10y 4
g unconditional certified check ior ten u
centum OF sand bond issur, which ch,'
r is tn be forfeited in case said bidders =
=. fuse to comply with the terms oi this a
Vertiscmcnt
ct After ascertainins the best terms up'
,., and the lowest interest al which 81
70 bonds can hc negotiated, the bonds "
he Ice sold ior cash, in no ease Tor less th'
80 their face or par value and accrued !
terrst AT tine time ul disposal 10y the y
tN agc treasurer under the general Super'
-, sion of the board ol trustees.
"' BnNRp on 1m SrEEs on JEROME, lpAn
j. by f.. q. GNtSS,
Chairman ol Board ol Trustee
Attest
H. X. f. RUrr,
=; Village Clerk.