The Newport miner. [volume] (Newport, Wash.) 1899-current, 1912-03-14
Commissioners Proceedings

Newport March 6.-The Board of County Com
m1ssloners met pursuant to adjournment. al
mem bers present.
In the matter of considering bids for seventy
two thousahe $4,000 dollars worth OF Penc
Oeille county funding bonds, the tolloWlne
sealed bids were openedat lOa M Eacn oid a.
| ACCOMPANIED by a certified check for $500 Al
| bids were canvassed, and after due consldera
ton the following resolutions were adopted ol
the unanimous vote of the Board OF County
Commissioners
Where's, At regular adjourned meeting o.
the Board of County Commissioners OF PEND
Oreille county, state Of Washington, held in the
courthouse in the city of Newport, the county
seat of said county. on the 9th day OF March
A 1912, all the Board of County Commits
| sioners being present; and
| Whereas, Bids had been advertised to be re
ceived by said county on this date for the pur
chase of $72 10000 of Pend Oreille county A.
per cent funding bonds; and
| Whereas, The following bids were received
and opened by this board in the office OF the
county treasurer of Pend Oreille county, in the
presence of said county treasurer and the coun
ty auditor and eX-oficlO clerk OF said Board o.
| Comfy Commissioners. namely:
| Bolger, MosSer q Willaman. Chicago, ILL.,, pal
| and Interest less an allowance for attorneys
| fees and other necessary expenses OF $25S4 oO
Kean & Co Chicago, Ill, par and inter;
est less an allowance for attorneys fees ano
other necessary expenses OF $2l69.
A. B. Leach d Co, Chicago. ILL.,, DID Ior pei
| cent bonds par and interest, plus premium
". R Compton & Co. St. Louis, Mo-, par and
interest, less an allowance for attorneys fees
| and other necessary expenses OF $l345.
Same company for a per cent bond, par ana
interest and premium OF $l1SS
Carstens & Earles, Inc, Seattle, Wash, pal
| and interest, less all allowance for attorneys
| fees and other necessary expenses of $l255.
John Nuveen & Co., Chicago, H., par and in
terest, less an allowance for attorneys tees and
| other necessary expenses OF $1397.
| r. H. Rollins d Sons, Denver, Col, par ana
interest, less an allowance for attorneys fees
and other necessary expenses OF sl6ll.
par and interest, les an allowance for attOr-
ney's fees and other necessary expenses OF $22OO
Same company, for per cent bonds, par and
| interest and premium of 1915
! Union Trust & Savings Bank, Spokane, Wash. :,
par and interest, less an allowance for attor-
ney's fees and other necessary expenses of $3.50
| Same company, for per cent bonds, par and
! interest," plus premium OF 1925.
Now, therefore, the said Board of County
| Commissioners. having duly canvassed the
| above mentioned bids and having thoroughly
examined into the conditions set forth there
in, deems it to the best interests of the county
of Pend Ore1lle that the bid of Carstens &
Earles Inc OF Seattle, Wash, being the highest
and best bid received, be accepted:
Now, therefore. be it and it is resolved, That
the said $72, 10000 Pend Oreille AZ per cent
funding DO DIS be and are awarded to the said
Carstens & Earles, Inc, of Seattle, Wash. under
the terms of their bid. which is herein at
tached and made part hereof.
|
Investment Brokers
LOwman Building,
| Seattle, U. s. A.
To the Honorable Board of County Commits
sioners of Pend Oreille County Newport.
Washington.
| Gentlemen:
For the legally issued general obligation
! bonds of Pend Orielle county in the amount of
| seventy-tWO thousand dollars $72,00U 90 au-
thorized by resolution of your honorable board,
| HJl1u obi ntn6 on do of Ton
| for the purpose of funding approximate
amount of warrants regularly and legally is
sued by your county, said bonds to bear date of
May LIST, 1912, with inte' est at ,ur and one
| half AZ per cent per annum, payable semi
annually, both principal and interest payable
at the office OF the treasurer of Pend Oreille
| county, at Newport, Washington, or at the
| Washington State Fiscal Agency in the city and
state of New York our option; due in twenty
| 20 years from date, with option of prior
! payment ten 10 years from date; in denOm-
| nations of one thousand dollars 81 100000 ,
and numbered one to seventytwO l to ~ ,
WE WILLPAY
par, accrued interest to date Of delivery, less
an allowance for attorneys fees, selling com
mission and other expenses of $l255.
| 1t is understood that delivery of these bonds
will be made to US in Seattle, Washington, or
! Chicago ILL.,, we may direct and bonds to be
accompanied by duly authenticated cancel
| lation certificate evidencing the cancellation
Of like amount of legally issued Pend Oreille
warrants drawn on the current expense fund.
Our acceptance OF these bonds is hereby
made subject to the approval of the legality OF
| the bonds, and all steps leading up to their
| issuance by our attorneys
| In the event of the bonds being declared
illegal by our attorneys it is understood that
| the county will take such steps as we may
| direct should we so desire to make such
| bonds legally acceptable to our attorneys
1t is further condition of this bid that if
| bonds are awarded to us full and complete
| certified transcript of all proceedings relating
thereto be furnished us free OF cost.
| We hand you herewith our certified check
| for fl lteen hundred dollars $500 as evidence
| of good faith, same to be retained by you as q
| partial payment If the bonds are awarded to
US and declared legal by our attorneys; other
| wise to be promptly returned
Very respectfully,
| CARsTENs & EARLES INCORPORATED,
| G; Austin Haskell Manager Bond Dept.
The above and foregoing resolution duly
! adopted by the unanimous vote of the Board of
| County Commissioners.
| Seal of County G W. SUTHERLAND,
| Commissioners d. r. ATHERTON,
l., l.. MATHEWS,
Board of County Commissioners of Pend Oreille
County, Washington.
| Attest-H, H. MURRAY County Auditor
Whereas, At regular adjourned meeting of
| the Board of County Commissioners of said
| Pend Orellle county, state of Washington, held
| on the 9th day of March, 1912 all of said board
| being present in a prior resolution, as prev
| lously stated and as shown by the records of
| this meeting, the bid of Carstens & Earles Inc.
| OF Seattle, Washington, for the $4,000 90 Pend
| Orellle county AZ per cent funding bonds has
| been accepted.
| Now. Therefore, Be 1t Resolved, That the
| chairman of this board and the county auditor
| and ex-oficio clerk of this board be instructed
| TO give and receive signed contract, emDody-
| ing substantially the terms of said bid of Cars
| stems d Earles, Inc. of Seattle, Washington.
| Duly and unanimously adopted by said Board
| of County Commissioners
| seal OF county 6. W. SUTHERI AND,
commissioners ID. R. ATHERTON,
! L. L. MATHEWS,
Board OF County Commissioners of Pend Oreille
| County, Washington.
A!test-H. b. MURRAY, County Auditor.
Dated at Newport, Pend Oreille County, Wash
| ington, March s. 1872
To the Honorable Board of County Commits
| Gentlemen
Confirming and in consideration of the award
made TO US on March 9Th, 1912, of seventy-two
THOUSAND dollars $72,000O0 four and one-half
~ per cent funding bonds of your county,
sald oonds dated May l. 1872 due twenty years
from date, with option of prior paymenti6 years
from date, interest payable semi-annually both
interest and principal payable at the Washing
ton state Fiscal Agency in the state and city OF
New York, denomination one thousand dollars,
mum oered one TO seventy two, both inclusive
we agree to buy and you agree to sell these