Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1921-12-29
COMMISSIONERS PROCEEDINGS

Thereupon the adoption of the fol-
lowing resolution was moved by Com
missioner Rath and seconded by Com
missioner Collins:
WHEREAS, Pursuant to notice
duly given, the Board of Commission
ers of Boundary County, Idaho, has
received bids for its Road and Bridge
Bonds, Series 2B, in the sum of $780,
GOO, advertised for sale on this date:
said bonds to be dated January LIST,
1922, to bear interest at six per cent
per annum, payable semi-annually,
and to become due and payable in the
order of their numbers, lowest num-
bers first, ten per cent thereof on the
first day of January, 1882, and ten
per cent thereof ON the first day of
January in each and every year there
after until all of said bonds have
been paid by said County, with option
to the County to redeem any of said
bonds in the order of their numbers.
lowest numbers first, at any time after
ten years from their date; and
WHEREAS, John E. Price e Co.
OF Seattle, Washington, has bid the
price of par plus $4,000 Premium
and accrued interest to date of deliv-
cry and it is the opinion of said Board
that it is the fair price for said bonds
and the best that can be obtained, and
said bidder, in connection Herewith.
has requested that the said bonds be
made payable at the Atlantic National
Bank in the City of New York, said
bid being in words and figures as fol-
lows, to-wit:
December 81, 1921.
MIR. }. b. Brody, Clerk, Board of
County Commissioners, Boundary
County, Bonners Ferry, Idaho.
Dear Sir:
Bid for 100000 bonds offered 11:30
a. m, December "a, 1921.
For 100000 legally issued general
obligation road and bridge bonds of
Boundary County, Idaho, dated Janu-
airy L, 1922, due and payable in the
order of their numbers, the lowest
numbers first, 1870 thereof on the
first day of January, 1882, and 1870
thereof on the first day of July in each
and every year thereafter until all of
said bonds have been paid, but optional
at any time after ten years from their
date, in denominations of $1,000 each,
both principal and semi-annual inter
est payable in gold coin at the office
OF the County Treasurer of Boundary
County, or at the Atlantic National
Benk of New York City at the option
of the holder
WE WILL PAY for said
bearing SO interest at the rate
SIO06.70, plus accrued interest for
$1,000 bond. We will, If desired by
Board, furnish blank bonds ready l.
signature without charge to the Coun, 4
ty and take delivery of the bonds
either at Boomers Ferry, or in Seat
tie; II in Seattle, we will pay all de-
livery charges.
This offer is made for prompt ac-
ceptance and with the understanding
that you will furnish us prior to the
delivery of said bonds full and com
plete certified transcript of the pro-
ceedings relating thereto evidencing
the regularity and legality thereof to
the satisfaction of our attorneys
AS evidence of good faith, we en-
close herewith our cashiers check for
$4,000 payable to the County Treasurer
OF Boundary County, said check to APP
ply upon the purchase price of said
livered to us hereunder; otherwise or
III event our attorneys do not approve
said bonds, same to be promptly re-
turned to us on demand.
Respectfully submitted,
JOHN e. PRICE & co, Seattle.
SEATTLE NATIONAL BANK, Seattle.
BY II. l.. Boyd
1.-THE above offer is hereby accepted
by proper authorization of the Board
of County Commissioners of Bound
airy County this Oath day of December.
1921. We agree to deliver the bonds
on the terms set forth
JAMES A. WEIGH.
Chairman, Board of County Commits
sioners, Boundary County.
Attest:
]. B. BRODY,
Clerk of Board
County Commissioners Seau
NOW, THERE2
| SOLVED, thai FORE, BE 1T RE-
accepted the said bid is hereby
to ai~and the said bonds are sold
hd bidder at the price of par and
accrued interest to date of delivery
|
the banking house of the Atlantic Ma
tional Bank in the City of New York
and that the Chairman of this BOARD
together with the Clerk and the Conn
ty Treasurer be, and they are. HEREBY
authorized to cause the said bonds nj
be duly prepared, executed and regis
tered, and that thereupon the said
bonds shall be delivered to the County
treasurer. and that the said County
Treasurer, under the general suner.
vision of this Board, shall deliver said
eonds to the purchaser thereof unons
receipt of the said purchase price"
Passed by the Board this oath dav
Iof December, 1921.
Attest: c bairrao,,
j. B. BRODY, Clerk.
IN BANKRUPTCY NO. 1889
In the District Court of the United
States, District of Idaho, Northern
Division.