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


interest then due on its Road and
Bridge Bond. Series "a, No. ...,
dated July l, A. ID. 1921.
........... ...............
County Treasurer.
Form of Certificate of Registration
To Be Endorsed on Each Bond.)
State of Idaho, Boundary County, SIS.
HEREBY CERTIFY that the with
in bond has been duly registered in
a book kept for that purpose in my
office. as required by Section 1926 of
the Compiled Statutes of the state of
Idaho.
WITNESS my official signature, this
..... day of. ......., A. d. 1872. 49,.
..................
County Auditor.
Section A.
That each OF said bonds shall be
signed by the chairman of the board
of county commissioners OF Boundary
county, attested by the clerk of said
board, and bear the seal of said board,
and be countersigned by the county
treasurer of said county. The inter-
est coupons attached to said bonds and
each thereof shall be signed by the
county treasurer; provided, however,
that the signature of said county treas
urer to said interest coupons may be
by the autographed or engraved fac
smile of the signature of said officer.
Section 8.
That the board of county commits
sioners of Boundary county shall, af-
ter inviting bidders for said bonds,
as hereinafter provided for, and after
ascertaining the best terms upon
which, and the lowest rate of interest
at which said bonds can be negotiated,
and after an offer for the purchase
thereof has been accepted, secure the
proper printing thereof in substan-
TALLY the respective forms hereinbe-
fore set forth; and thereafter must
have them consecutively numbered and
otherwise properly prepared and ex-
ecuted
Section 6.
That said officers hereinbefore re-
ferred to are hereby authorized and
directed to execute said bonds and
coupons for and on behalf of said
Boundary county as and in the man
lltl AclClu pitSCllDOu. 1Alltl cdiQ
bonds have been duly executed, they
must be registered by the county au-
ditor in the book kept for that pur-
pose in his office, wherein must be
stated the number, date, amount of
each bond, time and place of payment,
rate of interest, number of coupons
attached to each bond, and any other
proper description thereof, for future
identification.
Section
That, upon the due execution of said
bonds by the proper officers of said
county, and after the same have been
registered as required by law, the
board of county commissioners of
said county shall deliver said bonds
to the county treasurer and take and
file his receipt therefor and charge
him with all the bonds so delivered.
Thereupon the said county treasurer,
under the general supervision of the
board of county commissioners, shall
deliver said bonds for cash to the
purchaser thereof, who shall be the
bidder offering to take the same upon
the best terms and at the lowest rate
of interest, not exceeding six per cent
(6%c) per annum, payable semi-annu-
ally; but in no case shall said bonds
be sold for less than their face or par
value and accrued interest thereon at
the time of their disposal.
The proceeds derived from the sale
of said bonds shall be placed in a sep
arate fund in the county treasury, and
applied exclusively to the purpose for
which said bonds are authorized to
be issued; but the purchaser Of said
bonds shall in nc manner be respon-
sible for the application or disposal
by said county Dr us officers uf any
of the proceeds derived from the Gale
thereof.
Section ,.
That, for the purpose of providing
funds sufficient 10 pay the interest
on said bonds promptly as the same
falls due, there shall be ami hereby
is levied annually upon all of the
taxable property in Boundary county,
in addition to other authorized taxes,
direct annual tag sufficient for said
purpose; and, one year before said
bonds become due, and in time to pro-
vide funds for their payment, there
shall be and hereby is levied a suffic-
lent additional tax upon all Gf the
taxable property in said Boundary
county to pay said bonds as they fall
due.
All such taxes shall be levied, as
sessed and collected at the same time
and in the same manner as other
county taxes are levied, assessed, and
collected, until said bonds so issued
are fully paid, including the interest
thereon; and when collected said
taxes shall be placed in a special fund
in the county treasury of Boundary
county, which is hereby irrevocably
pledged and shall be used exclusively
for the payment of the principal and
interest of said bonds as. the same
fall due.
Section 8.
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 al
taxable property therein, are hereby
irrevocably pledged.
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