The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1915-08-19
ORDINANCE NO. 90.

An ordinance giving notice of the
intention of the Village of Nez-
perez, Lewis County, Idaho, to
issue and negotiate its Municipal
Coupon Bonds in the sum of
$4,000 90 for the purpose of fund
ing, refuading, paying and redeem
ing the outstanding warrant and the
overdue bonded Indebtedness of the
Village of Nezperce, Idaho, and in
viting bids Therefore
Be it ordained by the Chairman
and the Board of Trustees of the
Village of Nezperce, Idaho:
| SECTION l.. Pursuant to the provisions OF
Ordinance No. 81 of the Village of Nezperce,
Idaho, Entitled, IAN Ordinance Providing
for the Issuing of Municipal Coupon Bonds
of the Village of Nezperce, Idaho, in the
amount OF 5000 90 to be used for the
purpose of funding. refunding purchasing
and redeeming the Overdue, Outstanding
Bond and Warrant Indebtedness OF the village
of NeZperce, Idaho" Passed and approved
August3, 1915, and in pursuance of the Statutes
OF the State of Idaho relating thereto
Notice is hereby given that the Village OF
Nezperce, Idaho, intends to issue aud negoti.
ate Its Negotiable Coupon Bonds in the sum OF
IS, 0O0 90 for the purpose of funding, reiunding,
paying and redeeming the outstanding war
rant and overdue bonded Indebtedness OF the
Village of Nezperce Idaho, as provided by said
Ordinance No. 81, Said bonds shall be five in
number, shall be of the denomination OF
81, 900 90 each, and each bond shall be made
payable within twenty years from the date OF
its issuance. Said bonds shall be known as
Municipal Coupon Bonds of the Village of
Nezperce, Lewis County, Idaho, and must bear
interest at a rate not exec ding six per centum
per annum to be paid on the first day OF Janu-
airy and the first day OF July in each year at
the office OF the Village Treasurer OF the
Village OF Nezperce, or at such banking house
or trust company in the City of New York as
NAV be designated by the Chairman and
Board ofTrustees of the Village OF Nezperce, at
the option of the holder thereof, the interest
on said bonds to be evidenced by sen: annual
interest coupons attached covering the inter-
est expressed in each BOND from the date OF
issue until paid; said bonds shall be mum bered
cousecutiyely from one to five and shall be
redeemable at the pleasure of said village at
any time after the expiration OF ten years
from the date OF issuance and each bond
must lie redeemed in the order it is mum bered
Notice is further given that the said Village
OF Nezperce, Idaho, invites and Will receive
bids for the above bond issue as follows:
All bids must be in writing and securely
sealed in an envelope addressed to the
Village CLERK of the village OF Nezperce
shall be filed with Thomas M. Roberts,
Village Clerk, at Nezperce. Idaho up TO the
3rd day of September, 1915. at the hour OF 4
O'Clock p. m, at or after which time all plds
submitted will be opened.
SECTION 2. Said bonds will be sold for
cash only, and in no case will said bonds
be Id for less than their face or par
value and accured interest at the time OF their
disposal.
SECTION 3. The Chairman and Board of
Trustees of the Village of Nezperce reserve the
right to reject any and all bids submitted:
SECTION 4 1t is ordered that the Village
Clerk Of the Village of Nezperce, Idaho give
notice OF inten ton OF said village to issue and
negotiate said bonds arr inviting bids there
for, by publishing this oidinance forthwith
once week tor four successive weeks in the
Nezperce Herald q newspaper published week
ly in said Village of Nezp srce Idaho
SECTION 5. This Ordinance shall take effect
and be in force from and after its passage, APP
proval and publication, and shall be and
constitute the notice required by Section 23l9
of the Revised Codes of Idaho and such notice
shall be given as herein directed,
Passed by the Board and approved by the
Chairman this 9th day of August, 1915.
(SEAL) Chas. II. Thomas,
Attest: Thomas NJ Roberts, Chairman
Village Clerk.