Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1919-08-26

IT,. e%N et( O1liNt O1 lflt AliIAKt
treasurer at Bonners Ferry Idaho
Dollars in lawful money of the Unit
ed States, being one years interes
on bond Mo-. of the bonds O
Local Improvement District No. 1Os
Tor the improvement of Main Street
hootenai Street and Bonner Stree
IN said Village; provided that thi.
coupon Is subject to all the term.
and conditions contained in the bono
to which it is annexed.
The Village of Boomers Ferr,
By--......----.-............... .................
Chairman of Board of Trustee.
Countersigned:
Village Treasurer.
-..-..--.-----.............-......
Village Clerk.
BE 1T FURTHER RESOLVED
as part of the foregoing resolution
that bonds of the said Local I'm.
provement District No. 8 be issuec
In the total sum of Thirty-one ThoIl.
sand Five Hundred (Ss1,50O .OO) Dol.
lars, and shall be payable in ter
equal annual installments (except thai
the tenth annual installment shall
consist of nine (9) bonds of $500. 0C
each), on the 18th day of the
month of July of each year
the bonds of the first INSTALL
ment to be payable on the 18th dav
OF July in the year 1920, and the
further nine installments to be pay
able on similar day and month of
each and every year thereafter un-
til the final date of payment of the
last installment, which shall be on
a similar day and month in the year
1880, and that the said bonds snail
pear interest at such a rate not ex-
ceedlng seven q per cent? per cent
per annum, as may be determined
hereafter by the Village Trustees
upon and after the sale of said
bonds, as provided by law.
AND BE 1T FURTHER RE-
SOLVED as part of the forego-
ing resolution that the foregoing
bond issue, authorized by said Ordi-
nance No. 100, and herein referred
to, be sold by the Village Trustees
OF Bonners Ferry, Idaho, for the pur-
pose OF realizing proceeds thereof in
order to pay the cost and expense
OF SAID improvement, and that the
Board of Trustees of this Village
give notice by publication in the
bonners Ferry Herald, a newspaper.
a weekly paper published within
bonners Ferry, Idaho, for two
weekly issues prior to the 3rd
day OF September, 1919, which
is the day hereby set for
opening and considering bids for
said bonds and selling the same, that
the said Village Trustees intend to
issue and sell such bonds and invit-
ing bidders therefor, which notice
shall be substantially in the follow
ing form, to-wit:
Notice of Sale of Bonds of Local
Improvement District No. 8 of
the Village of Bonners Ferry.
boundary County, Idaho.
Notice is hereby given that the
Village Trustees of the Village of
Boomers Ferry, Boundary County.
Idaho, hereby offer for sale the To-
cal improvement bonds of said Local
Improvement District No. 8 of the
Village of Boomers Ferry, fdano. in
the aggregate amount of Thirty-one
Thousand Five Hundred 1881 500. OO)
Dollars, said bonds to be SO in num-
per, numbered consecutively from one
to 63 inclusive, and of the denomi
nation of Five Hundred Dollars
($50O.OO) each; said bonds to bear
interest at not to exceed seven q per-
cent? percent per annum payable an
nually; eacn of said bonds to be dated
the 18th day of July, 1919, which is
the date of issuance thereof, and to
become due and payable, one-tenth
thereof each consecutive year after
The date Of issuance thereoi Both
and interest of said bonds
shall be payable at the office of the
Village Treasurer of said Village.
Sealed bids for said bonds will be
received by the Village Trustees of
said Village up to ten o'clock a. m. |
Of the Bird day of September. 1919. |
at the office of the Village Clerk of
said Village at Bonners Ferry, Ida
no. Bids must name the best terms
and lowest rate of interest at which |
bidders will purchase said bonds. No
iid Will lie considered for a greater
rate of interest than seven q per-
'ent) per cent, nor for less than the |
par value of said bonds with accrued /
interest added thereto.
Bids must be unconditional and the
bidder must be prepared to accept
md pay for said bonds on the 10th |
lay of September 1919, or as soon
hereafter as delivery of said bonds
an be made; and each bid must be
accompanied by an unconditional
certified check in the sum of One
Thousand (S1,000.00) Dollars pay
lble to the Village Treasurer of the
Village of Boomers Ferry, Idaho.
Bids will be opened and considered
~ the said Village Trustees at a
Meeting thereto, to be held in the meet
ng room of the said Village Trustees
n Bonners Ferry, Idaho, on the Bird
lay of September, 1919, at 2 o'clock
}. m.
The Board reserves the right to re-
ect any and all bids. The legal
pinion of Burcham & Blair, Attor-
eys, Spokane, Washington, showing
he validity of the bond issue, will
e furnished the successful bidder.
Dated at Bonners Ferry, Idaho,
his 22nd day of August, 1919
Village Trustees of the Village of
B0nners Ferry, Idaho.