Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1921-07-14


chairman, G. S. Collins, commissioner,
VIM. E. Rath, commissioner; and j. b.
Brody, county auditor and ex-officio
clerk of Boundary county commission
ers.
In Regard $75,00O.0O Road and
Bridge Bond Issue.
At this time the following resolution
was passed by the board:
WHEREAS, heretofore the issuance
OF bonds of Boundary County, Idaho,
in the aggregate sum of Seventy five
Thousand Dollars (S75,000 00), for the
purpose of acquiring funds for the
construction, building and repair Of
roads and bridges in said county, was
duly authorized by vote OF more than
two-thirds of the qualified electors of
said county, voting at an election held
for that purpose in the several pre-
cincts of Boundary County on July 81,
1917; and,
WHEREAS, out of said sum of
Seventy-five Thousand Dollars ($75,-
100000, the sum of Forty Thousand
Dollars $40,000.00) of bonds so au-
thorized have been heretofore issued
under date of July l, 1917, and,
WHEREAS, the plan for the con-
struction, building and repair of roads
in contemplation at the time of the
said election, and which was contem-
plated in the authorization of the said
bonds, has not been completed, and it
is now desired to carry the same to
completion, and the interests of
Boundary County require it, and the
Board of County Commissioners of
said County deem it for the public
good, at the present time, to issue,
negotiate and sell the remaining
Thirty-five Thousand Dollars $685.
100000 of the aggregate amount of
Seventy-five Thousand Dollars (S75,-
100000 Road and Bridge bonds so au-
thorized to be issued for the purpose
of acquiring funds for the completion
of said construction and repair of
roads and bridges in said County,
NOW, THEREFORE,, BE IT RE-
SOLVED BY THE BOARD OF COUN-
TY COMMISSIONERS OF BOUNDARY
COUNTY,
Section l. That, in the opinion of
said Board, it is for the best interests
of said Boundary County, in the State
of Idaho, and for the public good at
the present time to issue, negotiate
and sell the remaining Thirty-five
Thousand Dollars ($35, 100000 of the
aggregate amount of Seventy-five
Thousand Dollars ($75,000.00) 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 2. That, for the purpose of
acquiring the necessary funds with
which to pay for such construction,
building and repair of roads and
bridges in Boundary County, Idaho,
there shall be and hereby are author
lied and directed to be executed and
issued negotiable coupon bonds of
Boundary County, Idaho, to the
amount aggregating the principal sum
of Thirty-five Thousand Dollars (S35,-
000.00l 10 be used exclusively for the
purpose of constructing, building and
replacing reads and bridges within
said County.
Said bonds shall BE- known and des-
ignated as Boundary County Road &
Bridge Bonds, Series b.; they shall
be seventy (70) in number, numbered
consecutively from forty-one (4D to
one hundred ten 110), inclusive, and
of the denominations of Five Hundred
Dollars (s5O0.00) 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 fine
ness, at the County Treasury of
L., lah ut ha
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 June I,
1921; shall be due and payable and
shall be redeemable by said County,
as follows: Three Thousand Five
Hundred Dollars ($3,50000) on the
first day of June, A. d. 1881, and Three
Thousand Five Hundred Dollars ($3,-
100000 on the first day of June in each
year thereafter, until all of said bonds
have been paid and redeemed by said
County. Said bonds or any part there
of may. however, at the option of the
county, be redeemed at any time after
ten years from the date of their issue,
which time and option must be stated
upon the face of each bond and each
bond must be redeemed in the order
it is numbered, lowest numbers first.
Said bonds shall bear interest from
the date thereof until paid. at such
rate per annum, payable semi-annual-
ly on the first days of January and
July OF each year, as the bidder offer
ing 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 800
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 g. 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 substantially the respective
forms, to-wit:
(Form of Bond.
UNITED STATES OF AMERICA
STATE OF IDAHO
BOUNDARY COUNTY ROAD AND
BRIDGE BOND