Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1921-06-23
NOTICE or
rgIpGL COUPON BOND ISSUE
AND SALE
81 TIE CITY OF PAYETrE, >'''~'
IDAHO
NOTICE OF

4 - - VII q vi d al III rs
IDAHO
Public notice is hereby given that
p. city of Payette, in the County
ns-e.le. and State of idaho, in
ends % issue and negotiate the
I ..Hi.ipal coupon bonds Of said City
u the aggegate amount Of Twelve
thousand one Hundred Dollars
.sl2.tOOUOJ. for the following
5urDgaes. t0-wit: Municipal Coupon
rgnc5 TO the amount Of Twelve
thousand one Hundred Dollars
s1g.IO0.G0y, TO be designated "Mu-
nicipal Coupon Pavings Bonds of the
-itv Of Payette', TO provide for
guiiding and constructing drains,
trading, paving of crossings and
sross-walka, and otherwise improy-
Ing streets and avenues and intersec-
ions Of streets and avenues in said
City.
said bonds shall be issued in con
l -grmity with the provision Of Ordi-
|! lance No. $40 in said City, adopted
I and approved on the 18th day OF
/ April, 1921 and according to the
! approval Of the qualified electors of
! said City voting upon the question
! at an election held in conformity
I with said Ordinance on the 18th day
( II May, 1921.
I Said bonds was approved by a
vote of more than two-thirds Of the
qualified electors Of said City, VINO
we're tax payers Of said City, present
and voting upon the question at Z |
special election lawfully called and |
duly held. and the same will bear
date the 1st day of July, 1921, and |
will be redeemable at the option Of
the City at any time after the eXpira- |
ton Of ten years from date thereof, |
and shall be absolutely due and pay |
able o. the 1st day Of July, 4. D. |
1871: said bonds shall be issued il |
the denomination Of One Thousand |
Dollars each for twelve thereof and |
ere for One Hundred Dollars !
(EI00.OO) thereof.
The principal Of said bonds and |
The interest thereon shall be payableI
at the office Of the City Treasurer
or at The Chase National Bank inl
the City and State of New York, al
the option of the holder. Said bonds !
will bear interest at the rate not eX-
ceeding six De~ Centum per annum.
payable seni-annually, on the first
day Of January and July in each |
year.
The Mayor and Council of said
City of Payette viii. up to Friday,
the s.A day of July. 4. D. 1921, at
the hour Of eight O'Clock P. NJ, al
the office OF the City Clerk o. said
City. receive sealed bids for said /
bonds.
All bids must he accompanied by
an unconditional certified check on
q National Bank or trust company.
equal in amount to ten per cent OF
the face value 0. the bonds bid for.
Bidders shall state the rate Of in
terest mot exceeding six per cent
per annum upon which their bids !
are based.
After ascertaining the best terms
upon and the lowest rate at which
said bonds can be negotiated, the
bonds will be sold. but in no case
for less than their par value and
accrued interest at the time of dis
posal by the City Treasurer under
the general supervision of the Mayor
and Council. The Mayor and
Council reserves the right to reject
any and all bids.
BY order of the Mayor and COun-
ell of the City of Payette, Idaho.
l. r. WOODWARD,
Mayor
Attest:
MARTIN o. LUTHER,
City Clerk.
First pub. June g. last June so.