Elko independent. [volume] (Elko, Nev.) 1915-current, 1917-02-08
NOTICE OF THE SALE OF BONDS

Notice IS hereby given that the
/ Board of County Commissioners of
{ Elko County, acting as a Town Board
| for the Town OF Elko in said County
OF Elko. State of Nevada, will sell
on February IS. 1917. or as soon there
after rs practical, 10 the highest and
4 best bidder for cash. the negotiable
. coupon bonds of said Town of Elko in
amount of $4,000
Said bonds shall be known ms Town
4 OF ElkO Funding Bonds, and will be
issued pursuant TO and in accordance
with Resolutions duly and regularly
adopted by the Board of County Com
missioncrs of Elko County, Nevada.
acting both as Board of County Com.
missioncrs and as a Town Board for
said Town Of Elko. and in strict com.
pllanCc with that certain act of the
Legislature of the State of Nevada en-,
titled, AN Act TO authorize the County
: commissioners of Elko County to
authorize and empower and direct the
Board Of County Commissioners OF
! Elko County. Nevada acting as a Town
Board for the Town Of Elko in said
County Of Elko. TO issue bonds for the
purpose Of paying off the outstandiug
indebtedness OF said Town Of Elko IN.
CURED on account of completing the
sewer system in said Town and on &C
count of other emergencies" Approved
Jan. "a. 1917.
Said bonds shall be of the demon.
ination Of $1,000 each and shall be
dated March l, 1917, and numbered
from one to fifty, both numbers In
elusive.
Said bonds shall bear interest at the
rate OF six per ccntum per annurn
from the date OF the bonds until paid.
provided that no bond shall bear in.
tcryst after its maturity; said Interest
to be payable scmiannually on In,
first day Of July and January of each
year. except that coupon No. ! shall
be due and payable on Jan. /, 1918.
and shall be for $50.
Both the principal and interest Of
said bonds shall be paid in gold coin
OF the United States Of Am. .ica only.
and OF the present standard OF weight
and iinencss. and shall bc payable at
the Office Of the county treasurer Of
/ Eiko County, Nevada. in the Town of
Ellio in said Elko County. Nevada.
} Two OF said bonds will be- redeemed
on July l. 1913. and two OF said bonds
shall be redeemed annually each year
. thereafter until all Of said bonds shall
have been redeemed: the order Of re.
. dcmp.ion TO BE- in the order Of the
) number Of the bonds: Bond No l TO b.
redeemed July l, 1918 and Bond No.
90 to be redeemed on July l. 1872
None Of said bonds shall run for over
twcntysiX years.
Sealed bids for the purchase of said
bonds Will be received by the ClcrI,
OF the Town Board OF Eiko until the
hour OF ten o'clock a. NJ. on the 2stb
DAY Of February, 1917; said bids will
be opened at the hour Of eleven o'clock
y. VI. Of said day, and the bonds sold
as soon thereafter as practical
All bids shall he enclosed in gcoIcd
| envelopes and addressed to Robert y
Hunter, Clerk Of the Town Board Of
the Town OF Elko, Elko County. Ne.
Vada, and shall be plainly marked
Sealed Proposal for the Purchase Of
Town Of Elku Funding Bonds"
Each proposal shall be accompanied
by certified check in an amount not
less than ten per cent of the amount
Did, said check TO be an evidence Of
good faith Of the bidder and TO be for
tcitcd to said Town OF EIko. II goId
bidder defaults in his bid. If the bonds
! are awarded TO him, and to be return.
cd TO him without delay II his bid IA
rejected.
The Board reserves the right TO 10
Jcct any and all bids, and none Of
said bonds shall be sold for less than
par.
Hy order of tho Town Board OF Flko
in Elko County, Nevada, this 9Th dpy
Of February, 1917.
IH'aD ROBERT d. HUNTER.
Clerk Of said Board
first publication. Fob. 6, 1917.
Last uublipuIi,,, III,