The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1915-08-26
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, refunding, paying and redeem
ing the outstanding warrant and the
overdue bonded Indebtedness of the
Village of Nezpsrce, Idaho, and in
iting bids Therefore
Be it ordained by the Chairman
and the Board of Trustees of the
Village of Nezperce, Idaho:
SECTION l. Pursuant 10 the provisions of
Ordinance No 81 ofthe Village OF Nezperce,
of the Village of Nezperce, Idaho in the
amount OF s. 90 to be used for the
and redeeming the Owe due, Outstanding
Bond and Warrant Indebtedness of theVillage
OF Nezperce. Idaho" Passed and approved
August 8. 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 Negotia BILE Coupon Bonds in the sum of
IS 900 90 for the purpose of funding, re unding
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 mad.
payable within twenty years from the date OF
It's 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 ding six per centum
per annum 10 be paid on the first day or Janu-
AIRY and the first day OF July in each year at
the office of the Village Treasurer of the
M
or trust company in the City of New York as
may be designated by the Chairman and
Board of Trustees of the Village of Nezperce, at
the option Of the holder thereof, the interest
on said bonds to be evidenced by sem.-annua
interest coupons attached covering the inter-
est expressed in each bond from the date of
issue until paid; said bonds shall be nun bered
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
Idaho, Endorsed IBID for Bonds" and
shall be filed With Thomas M. Roberts.
3rd day of september 1915, at the hour of
O'Clock p. M, at or after which time all bids
submitted will be opened
SECTION 2. Said bonds will be sold for
CT sh only, and in no case will said bonds
be sold for less than their face OF par
value and ACQUIRED interest at the time OF their
disposal.
SECTIONS The Chairman and Board of
Trustees of the Village of Nezperce reserve the
right to reject any and all bids submitted
SECiION4 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, and inviting bids there |
for by publishing this ordinance forthwith |
once a week Tor four successive weeks in the |
Nezperce Herald. newspaper published week.
ly in said Village of Nezpsrce Idaho
SECTION 5. This Ordinance shall take effect |
and be in force from and after its passage, ap- |
proval and publication, and shall be and I
the notice required by Section 23l9
Of the Revised Codes OF Idaho and such notice
3ha IL be given herein directed,
Passe by the Board and approved by the
Chairman this 9th day of August, 1915.
SEAL) Chas. +. Thomas,
Attest: Thomas Roberts, Chairman
Village Clerk.