Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1921-12-08

g.
sued are fully paid, including the in
terest thereon; and when collected
said taxes shall be placed in a spec-
ial fund in the County Treasury of
Boundary County, which is hereby ir-
revocably pledged and shall be used
exclusively. for the payment of the
principal and interest Of said bonds
as the same fall due.
Section g.
That, for the prompt payment of the
principal and interest of said bonds
as the same fall due, the full faith.
credit and resources of Boundary
County, in the State of Idaho, and ali
taxable property therein, are hereby.
irrevocably pledged
Section TO-
should the tax for the payment of
the interest on said bonds at any
time not be levied or collected in time
TO meet such payment, the interest
must be paid out of any monies in the
County General or Current Expense
fund, and the monies so used for
payment of interest must be repaid to
the fund from which so taken out of
the Ilrst monies arising from taxes
collected on interest account, and any.
excess over and above the interest
charges shall be placed in a sinking
fund to be known as the Bond Tax
Sinking Fund"
Section H.
That the Board of County Commits
sloners of Boundary County give at
least twenty days notice by publica-
ton IN the Boomers Ferry Herald. a
weekly newspaper printed and pub
nsned at Bonners Ferry, in Boundary
county, In the State of Idaho, and
having general circulation in said
county, in four consecutive issues
thereof, prior to the Gath day of De-
cember, 1921, the date herein set for
opening and considering bids for. said
ponds and selling the same, that the
Board of County Commissioners of
SAID county intends to issue, negotiate
and sell such bonds and inviting bid
ders therefor; said notice to contain
brief description of said bonds, to
state the time when and place where
said bids will be opened and consid-
cred and the bonds sold, and to be in
substantially the following form, to-
wit:
NOTICE OF INTENTION TO ISSUE.
NEGOTIATE AND SELL BOUND
AIRY COUNTY ROAD AND BRIDGE
BONDS, TO THE AMOUNT OF
100000, AND INVITING BIDDERS
THEREFOR.
NOTICE is HEREBY GIVEN that
the Board of County Commissioners
of Boundary County, Idaho, intends
to issue, negotiate and sell Boundary
County Road and Bridge Bonds In the
aggregate amount of One Hundred
Thousand Dollars ($1OO,OOO), said
bonds to be one hundred (100) In num-
Der, numbered consecutively from
to 100, inclusive, and of the denom-
nation of $1,000 each; said bonds to
bear interest at not to exceed six
percent $50 per annum, payable
semi-annually; each of said bonds to
be dated January LIST, 1922, and to
become due and payable in the order
OF their numbers, lowest numbers
first, ten percent (10@6) thereof on the
first day of January, 1882, and ten
percent (1O%o) thereof on the first
day of July in each and every year
thereafter, until all of said bonds
have been paid by said County: but
said bonds, or any part thereof, may
at the option of the County, be re-
deemed at any time after ten years
from the date of their issuance, in
the order of their numbers, lowest
numbers first
Both principal and interest of said
bonds shall be payable at the County
Treasury of Boundary County, or at
the banking house of the Atlantic
National Bank, in the City of New
York, at the option of the holder
thereof
Sealed bids for said bonds will be
received by the Board of County Com
missioners of said County, up to
eleven thirty o'clock a. m. of Deem
Der "a. 1921, at the County Board
room, in the Court House at Boomers
Ferry, Boundary County, Idaho.
BIDS must name the best terms and
lowest rate of interest at which bid
ders will purchase said bonds. No
bid will be considered for a greater
rate OF interest than six percent, nor
for less than the par value of said
bonds with accrued interest added
thereto.
Each bid must be accompanied by
an unconditional certified check In
the sum of Five Thousand (S5. OO0).
payable to the County Treasurer Of
Boundary County.
Bids will be opened and considered
by the Board of County Commission
ers Of Boundary County, at a regular
meeting thereof, to be held in the
County Board room at the Court
House. at Boomers Ferry Idaho. on
the Gath day of December, 1921. at
1870 o'clock a. m.
The Board reserves the right to re-
iect any and all bids.
Dated at Boomers Ferry, Boundary,
County, Idaho, this first day of De-
cember 1921.
JAMES A. WEIGH, Il
Chairman.
G. S. COLLINS, ~
VIM. E. RATH
Board of County Commissioners.
Boundary County, Idaho.
ATTEST: ]. B. BRODY, Clerk of
Board of County Commissioners.
(SEAL)
First publication, December 1. 1921.
SaR0nH