Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1921-08-25
COMMISSIONERS PROCEEDINGS

100000 of the aggregate amount of
Three Hundred and Fifty Thousand
Dollars $3.50, 100000 road and bridge
bonds authorized to be issued for the
purpose of acquiring funds for the
construction and repair of roads and
bridges in said county, as above set
forth.
Section 3.
That, for the purpose of acquiring
the necessary funds with which to pay
for such construction and repair of
roads and bridges in Boundary county,
Idaho, there shall be and hereby are
authorized and directed to be exc
cuted and issued negotiable coupon
bonds of Boundary county, Idaho, to
the amount aggregating the principal
sum of Fifty Thousand Dollars $780,
100000 to be used exclusively for the
purpose of constructing and repairing
roads and bridges within said county.
Said bonds shall be known and des-
ignated as Boundary County Road
and Bridge Bonds, Series 2A"; they
shall be fifty (50) in number, num-
bered consecutively from one % to
fifty (50), inclusive, and of the de-
nominations of One Thousand Dollars
($1,00000) each
Both principal and interest of said
bonds shall be payable in gold coin
of the United States of America, of
the present standard of weight and
fineness, at the County Treasury of
Boundary County Idaho, or at the
banking house of the Atlantic National
Bank, in the City of New York, at
the option of the holder thereof.
Said bonds shall be dated July /,
: 1921; shall be due and payable and
shall be redeemable by said county.
as follows:
Ten per cent (10@o) thereof on the
first day of July, 1881, and
Ten per cent (10M) thereof on the
first day of July in each and every
year thereafter until all of said bonds
shall have been paid and redeemed by
said county. Said bonds, or any
part thereof, may, however, at
the option of the county, be
redeemed at any time after ten
years from their date of issue,
which time and option must be stated
upon the face of each bond, and each
bond must be redeemed in the order
1t is numbered, lowest numbers first.
Said bonds shall bear interest from
the date thereof until paid, at such
rate per annum, payable semi-annually
on the first days of January and July
of each year, as the bidder offering
to take the same at the lowest rate
of interest and upon the best terms
shall offer to purchase the same for
but at not to exceed six per cent (6@o)
per annum, payable semi-annually
| Said interest shall be evidenced by
semi-annual interest coupons to be at
tached to each of said bonds.
Section 3.
That each of said bonds, and each
of the interest coupons to be attached
thereto, together with the registration
certificate of the county auditor to be
endorsed thereon, shall be in substan.
TALLY the respective forms, to-wit
Form of Bond.
UNITED STATES OF AMERICA
STATE OF IDAHO
BOUNDARY COUNTY ROAD AMI
BRIDGE BOND SERIES "a
No. 49,. $1,000
FOR VALUE RECEIVED, Boundar!
County, in the State of Idaho, hereb.
acknowledges itself to owe and prom
Uses to pay to the bearer thereof tn,
principal sum of One Thousand Dol
lars ($1,000.00), in gold coin of tn
4 United States of America of the pres
ent standard of weight and fineness
on the LIST day of July, A. d. 10.
together with interest on said sum
in like medium, from the date here
of until paid, at the rate of. 49,. pc
cent (......9o) per annum, payabl
semi-annually on the first day of Jan
uary and July of each year, as evi
: denced by and upon pres ntation an
: surrender of the annexed interest cou
pons as they severally become due
This bond may, at the option o
Boundary County be redeemed at an
time after ten years from the date Q
its issuance.
Both principal and interest of thi
} bond are payable at the County Treas
| ury of Boundary County, or at tn
banking house OF the Atlantic Nation