Elko independent. [volume] (Elko, Nev.) 1915-current, 1917-02-26
NOTICE 'oF'rHE 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, VIII sell
on February 20. 1917. or as soon there
after as practical. TO the highest and
best bidder for cash, the negotiable
coupon bonds Of said Town OF Elko in
amount Of $4,000.
Said bonds shall be known as Town
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
missioners Of Elko County, Nevada,
acting both as a Board of County Com
missioners and as q Town Board for
said Town OF Elko, and In strict com.
pliance with that certain act OF the
Legislature OF the State Of Nevada en-
titled, AN Act to authorize the County
Commissioners OF Eiko County to
authorize and empower and direct the
Board OF County Commissioners of
Elko County. Nevada acting as Town
Board for the Town OF Elko In said
County OF Elko. to issue bonds for the
purpose OF paying off the outstanding
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 1, 1917. and numbered
from one to fifty, both numbers In.
elusive.
Said bonds shall bear interest at the
rate OF six per centum per annumI
from the date of the bonds until paid
provided that no bond shall bear in.
terest after it's maturity: said interest
10 be payable semiannualIy on the
first day OF July and January OF each
year. except that coupon No. J 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 America only.
and OF the present standard OF weight
and fineness. and shall be payable at
the office OF the county treasurer OF
Eiko County. Nevada, In the Town of
Elko In said Elko County, Nevada.
Two OF said bonds will be redeemed
on July j, 1918, and two of said bonds
shall be redeemed annually each year
thereafter until all OF said bonds shall
nave been redeemed; the order OF re-
demption to be in the order OF the
number OF the bonds; Bond No. 1 to be |
redeemed July 1, 1918. and Bond No.
90 to be redeemed on July / 1912 |
None Of said bonds shall run for over
twenty-six years.
sealed bids for the purchase OF said
ponds will be received by the Clerk
OF the Town Board OF EIko until the
hour OF ten o'clock A. M. on the 28th
day OF February, 1917; said bids will
be opened at the hour Of eleven o'clock
A. M. of said day. and the bonds sold
as soon thereafter as practical.
All bids shall be enclosed in sealedl
ENVELOPES and addressed to Robert Il.
Hunter, Clerk OF the Town Board ofl
he Town OF Elko. Elko County. Ne.
'ada, and shall be plainly marked.
Sealed Proposal for the Purchase az
Town OF Elko Funding Bonds"
Each proposal shall be accompanied
~ certified check in an amount no,
ess than ten per cent OF the amount
I'D, said check to be an evidence of
GOD faith OF the bidder. and 10 be for.
cited to said Town or Elko, II said
ldder defaults In his bid, II tho bonds
re awarded TO him, and to BIO return.
q 10 him without delay IL his bid 10
elected.
Inc Board reserves the right 10 re.
eet any and all bids, and none Of
aid bonds shall be sold for less than
ar
by order OF the Town Board OF EIko,
Elko County, Nevada, this 9Th dayI
I February. 1917.
seai) ROBERT d. HUNTER
Clerk Of said Board
First publication, Feb. 6, 1917.
Last publication Feb 90 1o,,