The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-06-10
THE IDAHO REPUBLICAN

at their office in the county court
house pursuant to adjournment Of IL
'G Bills ahs NJ qaz Fssats
James Christensen, members and F. M.
Fisher. county auditor. acting as clerk.
The hour of r. m. having arrived,
$500, 900 of Bingham county road and
bridge bonds to the highest and best
bidder and the following named
parties did compete with each other
and after, all parties had ceased to
bid, the Lumbermens Trust company
and the Continental and Commercial
Trust & Savings bank, represented by
still indicated their readiness to bid:
Thereupon. 1t appearing to the board
that the bid of the Lumbermens Trust
company and the Continental and Com
mercial Trust & Savings bank, repre-;
a rate of interest Of per cent and
premium upon the issue Of road
and bridge bonds of $3.50, and there
now on motion Of M. A. Fugate. this
bid Is hereby accepted as the best bid
for these bonds Said motion was Sec
onded by James Christensen and con-
Of $500, 900 Of road and bridge bonds
Of the, county of Bingham, state of
Idaho, be, and the same are hereby sold
to the Lumbermens Trust company and
And it is further ordered that they
execute bid in writing confirming
bid bid Of John 5. Neale. Representatives
for the above named company Is hereby
confirmed and following Is copy Of
their written bid:
LUMBERMENs TRUST COMPANY
Portland, Oregon w.. &.
June 2, 1919 n..E.
Honorable Board of County. Commits
sioners, Bingham county, Idaho.
Honorable F. NJ. Fisher, County Aud
itor, Blackfoot, idaho.
Gentlemen: !.
For your legally issued county road
bonds in the sum of six hundred thou
sand t$600,00O) and no-100 dollars adj
vertised for sale. this date, the same
being described as to maturity, denom-
nation; tim time and place Of payment payment in
same being payable at the office Of the
county treasurer or at the Chase Ma
tional bank Of New York City, New
York, at the option of the holder, as
ment, such bonds being dated July !.
1919, and delivered on such date, such
bonds bearing interest at the rate of
5 per cent, per annum and payable
For such bonds, delivered to us in
Portland, Oregon, or in Chicago, II,
linois, we will pay you par accured
interest from the date hereof to the
thirtyosix hundred fifty dollars (ss,-
We enclose our certified check in the
sum of $61 900, payable to the county
same to be held by you and applied
as part payment on said bonds If
awarded to US, otherwise to be re-
turned to us upon demand.
Respectfully submitted,
LUMBERMENS TRUST COMPANY,
Portland, Ore.
BY John D. Neale, assistant to Presi-
dent Continental & Commercial
Trust & Savings Bank, Chicago, III.
BY John D. Neale, representative.
Blackfoot, Idaho, June 2, 1919.
The above offer accepted and bonds
are sold this date. to above parties on
terms stated. Receipt of certified
sand dollars is hereby acknowledged.
r. G. BILLS,
Chairman of Board Commissioners
for Bingham county; Idaho,
Attest: + M. FISHER, County Auditor.
(SeaD
"A resolution prOvlulnS TOT tMe safe Oh
100000 general negotiable coupon
road and bridge bonds of Bingham
county, Idaho, providing for the form
and details of said bonds and prOvid-
ing for the payment of the principal
and interest thereof.
Whereas, at special election held
in the several voting precincts of Bing-
ham county, Idaho, on April r., 1919,
under and pursuant to resolution OF
the board of county commissioners OF
\ N+aI an Mo a1
there was submitted to the qualified
voters of said county the proposition
Of the issuance by said county of Its
general negotiable coupon bonds in the
sum Of 100000 for the purpose of Sc
curing funds. for the construction of
roads and bridges in said county, and
Whereas, the proposition submitted
as aforesaid carried and thereafter,
resolution providing for the publication
of notice OF intention to issue and sell
said bonds and inviting bids therefor,
and said notice has been duly published
as in said resolution provided and as
by law required. and
Whereas, of the bids received by said
board for said bonds, pursuant to SAID
published notice, the bid which offers
t ter It's is the bid Of Lumbermens Trust
Company and the Continental &. Com
mercial Trust & Savings Bank, for all
of said bonds, which bid Is as follows;
Par accrued interest anu d PREMIUM "a
$3.50; bonds to be. dated July y l.
1919, to be in denomination of $1,000
each, to bear interest at the rate OF
per cent per annum. payable sem1-an,
nually on the first days Of January and
July in. each year, to be payable both
principal and interest at Chase Ma
tional Bank In New York City, and to
mature as follows: 100000 on July 1,
1929 and a like amount annually there
after until all of said bonds are paid,
and
whereas, it is for the best interest
of the said county that said bid be ac-
Now, Therefore, Be it resolved by, the
board of county commissioners of Bing-
ham county, Idaho, as follows:
Section /. That the aforesaid bid
for said sec, 900 general negotiable cou-
pom road and bridge bonds of Bing-
ham county, Idaho, be and the same is
hereby accepted.
shall be known as Bingham county, ID;
aho "Road and Bridge Bonds" and said
bonds shall be in the denomination Of
81, 900 each, shall be numbered from
to 800, both inclusive, shall be dated
July /, 1919, shall bear interest at the
rate of per cent per annum,. payable
semi -annually on January first and
July first of each year, for which In
terest coupons shall be attached to
said bonds. shall be payable, both prln;,
cipal and interest, at Chase National
ture in the order of their numbers,
lowest numbers first, as follows:
s soSDet an ann1 1aIy thers saf ana
Section 3. Each bond must be sign
ed by the chairman of the board OF