The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1915-08-12
ORDINANCE NO. 90.

An ordinance giving notice of thu
intention of the Village of Nez
perez, Lewis County, Idaho, t.
issue and negotiate its Municipa
Coupon Bonds in the sum O.
1000 90 for the purpose of fund
ing, refunding, paying and redeem.
ing Notwithstanding 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, "An Ordinance Proyiding
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
of Nezperce. Idaho" Passed and approved
August3, 1916 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 and negoti-
ate its Negotia BILE Coupon Bonds in the sum OF
s., 900 90 for the purpose of funding, rounding,
paying and redeem1ng the outstanding war
rant and overdue bonded Indebtedness OF the
Village of Nezperce, Idaho, as provided by said
Ordinance No. g. Said bonds shall be five in
number, shall be of the denomination of
81, 600 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 rate not exec eding 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
Treasurer
Village of Nezperce, or at such banking house
or trust company in the City of New York as
Board ofTrustees OF the Village of Nezperce. at
the option of the holder thereof, the interest
on said bonds to be evidenced by sem.-anuual
interest coupons attached covering the inter |
est expressed in each bond from the date of |
issue until paid said bonds shall be mum bered |
consecutiyely 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 he 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
Village CLERK Of the village Of Nesperee
Idaho, Endorsed "Bid for Bonds" and
shall be filed with Thomas M. Roberts,
Village Clerk, at Nezperce, Idaho up to the
3rd day of September, 1915, at the hour OH
o'clock p. M, at or after which time all bids
will be opened:
z. SHlQ DOuQS Will be sofa Tor
cash only, and in no will said bonds
De sold for less than their face or par
yalue and accured interest at the time of their
disposal.
SECTION 8, The Chairman and Board of
Trustees of the Village of Nezperce reserve the
light to reject any and all bids submitted.
ECfION 4; II is ordered that the Village
Clerk of the Village of Nezperce, Idaho, give
lotice OF inten ton of said village to issue and
egOtiate said bonds, and inviting bids there
or, by publishing this ordinance forthwith
nee week Tor four successive weeks in the
'ezperce Herald. newspaper published week
y in said Village of Nezperce, Idaho.
SECTION 3. This Ordinance shall take effect
nd be in force from and after its passage, APP
roval and publication, and shall be and
onstitute the notice required by Section 2319
the Revised Codes of Idaho and such notice
ma be given as herein directed,
Passe by the Board and approved by the
hartman this 9th day ofAugust, 1915.
'EAL) Cbas. r. Thomas,
ttest: Thomas M Roberts, Chairman
Village Clerk.