The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1922-04-21
Declaring an Emergency.

Whereas, a resolution of said Board
unanimously adopted at meeting OF
said Board held February 28th, 1922
there were authorized to be issued and
sold negotiable coupon bonds of said
| County in the aggregate principal sum
of $50,000.00, said bonds to be of the
1 denomination of $1,000 each and
| bearing interest at rate not to ex-
coed six per centum per annum, pay
able semi annually on the first
day of January and the first day of
July in each year, both principal and
interest to be payable at the Office of
the County Treasurer of said Lemhi
County, or at such bank in any city
and state of New York as might be
designated by said Board, said bonds
to be numbered consecutively from
one a. to fifty (50), both numbers in
elusive and to be redeemed in the fol-
lowing manner: Ten per cent of the
total amount issued to be paid in ten
years from the late of said bonds, and
ten per cent annually thereafter until
all of said bonds are paid; and
Whereas, pursuant to said resolu-
ton, notice of negotiation and sale of
said bonds was duly published more
than twenty days prior to the date of
sale Of said bonds, to-wit: April 18th,
1922; and
Whereas pursuant to due notice of
sale published for more than twenty
days prior thereto, said bonds were on
the said 18th day of April, A. d. 1922,
by this Board duly sold and awarded
to Sidlo, Simons, F'els & Company,
with Offices in Denver, Colorado, the
best bidder therefor and at the lowest
rate Of interest at which said bonds
can be sold at par, namely: at five and
one-half (51aR) per centum per an
mum, and at a price in excess of their
par value, together with all ac-
crued interest thereon from date of
bonds to date of delivery; Now, there
fore, in consideration of the premises,
Be it Resolved and Ordered by the
Board of County Commissioners of
Lemhi County, Idaho, as follows:
ONE. That it is hereby certified, !
recited and warranted that all condi- ,
tons, acts and all things necessary
and essential to the validity of the !
bonds of said County hereinbefore |
mentioned and required by law to be .
done and performed, have been fully
done and performed.
TWO. That for the purpose of OBJ
money for the construction
and repair of roads comprising high
way system within said county as
specifically set forth in the order of
his Board calling said special bond
election and in other proceedings of
his Board, it is hereby authorized,
'riered and directed that the negoti-
able coupon bonds of said county be
ssued, executed and delivered in the
aggregate principal sum Of $5O,O0O.OO
o Sidlo, Simons, FEELS & Company of
)enver, Colorado, the lawful purchas-
RS thereof; said bonds to be compris- T.,
'd OF fifty bonds numbered from one !
y to fifty $50 inclusive, of the de- :
of S1,000.OO each, dated |
anuary 1st, 1922, bearing interest 7
rom date until paid at the rate of Il
we and one-half (5aR) per centum I
er annum, payable semi-annuallv on )
anuary LIST, and July LIST, respec- !
lvely, in each year, both principal
hereof and interest thereon payable
{ the National Bank of Commerce in I
he City and State of New York and =
e,e1omlng due and payable serially as :
blows: 80 {
Nos. | to 5, inclusive, to become
ae AMI payable January l, A. D. S
932. Il
Nos. 6 to 10, inclusive, to become Z
Ie and payable January 1, A. D. Z
Nos. II to IS, inclusive, to become o
le and payable January |, A. D. tt
)34. in
Nos. 10 to 20, inclusive, to become p
, re and payable January l, A. D. q
Nos. q to %, inclusive, to become of
'ec and payable January 1, A. D.
Nos. rs to 80. inclusive, to become G.
ie and payable January /, A. D.
Nos. 81 to 35. inclusive, to become sa
e and payable January /, A. D. tn
Nos SO to 40, inclusive. to become an
e. and payable January /, A. D. &c
Nos. Al to As, inclusive, to become A.
e and payable January 1, A. d. Tn
'N"S' 40 10 on, inclusive, to become III
e and payable January l, A. D. pc
H. an
THREE, That each of said bonds en-
each OF the interest coupons to be TT;
ached thereto, except as to their sal
nber, rate of interest and date of of
turity, shall be substantially the Tr
loving forms respectively, to-wit. Sit
(Form of BonN at
United States of America CHI
tie of Idaho County of Lemhi me
$1,000 thu
Road AMI Bridge Bonds No. , Gee
nov all men by these presents. ser
1t Lemhi county, Idaho, acknowl- the
eS itself to owe and for value of
7lFed hereby promises to nav to the for
rer hereof the principal sum of rep
Thousand Dollars on Sys
January First, A. d. IL pun
ether with interest on said sum seq
the date hereof until paid at the pon
OF five and one-half per centum Gee
annum, payable Semi-annually on sale
trSt day of January and JUL Cor
ectlvely, in each year. as evidenc. of
y and upon presentation and snr- sha
Ter OF the interest coupons hereto pur
ched, as they seyerally become ity
ana both the sail principal and bon