Elko independent. [volume] (Elko, Nev.) 1915-current, 1917-02-13
NOTICE OF THE SALE OF BONDS

NOtlce 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 %, 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 a 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 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 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 denom-
nation 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 centum per annum
from the date OF the bonds until paid.
provided that no bond shall bear I'm.
terest after It's maturity; said interest
TO be payable semi-annually on the
first day OF July and January OF each
year, except that coupon No. l 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
Elko County, Nevada. in the Town OF
Elko in said Elko County, Nevada.
Two o. said bonds will be redeemed
on July 1, 1918. 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-
demption to be in the order OF the
number OF the bonds; Bond No. l to be
redeemed July /, 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
bonds will be received by the Clerk
OF the Town Board OF Elko 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
a. NJ. OF said day. and the bonds sold
MS soon thereafter as practical
All bids shall be enclosed In sealed
envelopes and addressed to Robert II.
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 Elko 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. |
ieited to said Town of Elko, IL said
bidder defaults in his bid, IL the bonds
are awarded TO him, and to DO return |
ed to him without delay IL his bid is
rejected.
The Board reserves the right to re.
ject any and all bids, and none OF
said bonds shall be sold for less than
par.
By order OF the Town Board OF EIko.
In Blko County, Nevada, this 9Th day
Of February, 1917.
(SeaD ROBERT II. HUNTER.
Clerk OF said Board. |
First publication, Feb. 6. 1917.
Last publication, Feb. 28, 1917.