Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1920-06-01
County Auditor.

1l14N
That each of said bonds shall be
signed by the Chairman of the Board
of County Commissioners of Bound
airy County, attested by the Clerk
of said Board and bear the seal of
said Board, and be countersigned by
the County Treasurer of said County.
The interest coupons attached to said
bonds and each thereof shall be
signed by the County Treasurer; pro-
vided, however, that the signature
OF said County Treasurer to said
interest coupons may be by the litho-
graphed or engraved facsimile of the
signature of said officer.
SECTION 5.
That the Board of County Commits
sioners of Boundary County, shall,
after inviting bidders for said bonds,
as hereinafter provided for, and afsr
as~certaining the best terms upon
which and the lowest rate of interest
at which said bonds can be negotiated,
and after an offer for the purchase
thereof has been accepted, secure
the proper printing thereof, in sub
stantially the respective forms here
inbefore set forth; and thereafter
must have them ~consecutively num-
bered and otherwise properly pre-
pared and executed.
SECTION 6.
That said officers hereinbefore re-
ferred to are hereby authorized and
directed to execute said bonds and
coupons for and on behalf of said
Boundary County as and in the man
ner herein prescribed. After said
bonds shall have been duly executed,
they must be registered by the Coun-
ty Auditor in the book kept for that
purpose in his office, wherein must
be stated the number, date, amount
of each bond, time and place of pay
ment, rate of interer4 number of
coupons attached to each bond, and
any other proper description thereof,
for further Identification.
SECTION z.
That, upon the due execution of
said bonds by the proper officers of
said County, and after the same have
been registered as required by law,
the Board of County Commissioners
Of said County shall, in accordance
with it's contract, deliver said bonds
to the County Treasurer and take
and file his receipt therefor and
charge him with all the bonds so
delivered; thereupon the said
County Treasurer, under the general
supervision of the Board of County
Commissioners, shall deliver said
bonds for cash to the purchaser there
of, who shall be the bidder offering
to take the same unon the best terms
and at the lowest rate of interest,
not exceeding six per cent C per
a0n4A mn nouahla cnroi IN.
nually; but in no case, shall said
or par value and accrued interest
thereon at the time of their disposal.
The proceeds derived from the sale
of said bonds shall be placed in a
separate fund in the County Treas
ury, and applied exclusively to the
purpose for which said bonds are au-
thorized to be issued; but the pur-
chaser of said bonds shall IN no man.
ner be responsible for the applica-
ton or disposal by said County OF its
officers Of any Of the proceeds de-
rived from the sale thereof.
SECTION 8.
That, for the purpose Of providing
funds sufficient to pay the interest
on said bonds promptly as the same
falls due, there shall be and hereby
is ordered levied annually upon all of
the taxable property in Boundary
County, in addition to other author
lied taxes, a direct annual tax suf-
ficient for said purpose; and one
year before said bonds become due,
and in time to provide funds for their
payment, there shall be and hereby
is ordered levied a sufficient addi-
tional tax upon all of the taxable
property in said Boundary County to
pay said bonds as they fall due.
All such taxes shall be levied, as
sessed, and collected at the same time
and in the same manner as other
County taxes are levied, assessed and
collected, until said bonds so issued
are fully paid, including the interest
thereon; and when collected, said
taxes shall be placed in a special
fund in the County Treasury Of Bound
airy County, which is hereby irrevoc-
ably pledged and shall be used ex-
clusively for the payment of the prin-
cipal and interest of said bonds as
the same fall due.
SECTION g..
That, for the prompt payment Of
the principal and interest of said
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