Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1922-11-23

for the payment of the principal and
interest Of said bonds as the same
fall due
Section Q:
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 Bound
airy County. in the State of Idaho, and
all taxable property therein, are here
by irrevocably pledged.
Section 10:
Should the tax for the payment of
the interest on said bonds at any time
not be levied or collected in time to
meet such payment the interest must
be paid out of any moneys in the
County. General, or Current Expense
Fund, and the moneys so used for pay
ment of interest must be repaid to the
fund from which so taken out of the
first moneys arising from taxes col
lected on interest account and any ex-
cess over and above the interest
charges shall be placed in a sinking
fund to be known as the Bond Tax
Sinking Fund"
Section IL
That the Board of County Commits
sioners of Boundary County give at
least twenty days notice, by publ
cation in the Bonners Ferry Herald,
a weekly newspaper printed and pub
lished at Boomers Ferry. in Boundary
, County, in the State Of Idaho, and
having a general circulation in said
~
thereof, prior to the Sth day of De-
cember, 1922, the date herein set for
opening and considering bids for said
bonds and selling the same, that the
Board of County Commissioners of
said County intends to issue, nego-
tate and sell such bonds and inviting
bidders therefor; said notice to con-
tain a brief description of said bonds,
to state the time when and place
where said bids will be opened and
considered and the bonds sold, and to
, be in substantially the following form,
to-wit:
NOTICE OF INTENTION TO ISSUE,
NEGOTIATE AND SELL BOUND
AIRY COUNTY ROAD AND BRIDGE
BONDS, TO THE AMOUNT OF
100000, AND INVITING BIDDERS
THEREFOR.
Notice is hereby given that t h e
Board of County Commissioners of
Boundary County Idaho, intends to
issue, negotiate and sell Boundary
! County Road and Bridge Bonds in
the aggregate amount of One Hundred
Thousand Dollars ($100,000), said
bonds to be one hundred (100) in
number, numbered consecutively from
: to 100. inclusive, and of the denom-
J ination of $1,000 each; said bonds to
bear interest at not to exceed six per
cent (6%o) per annum. payable
, semi-annually; each of said bonds to
be dated December 1, 1922, and to
become due and payable in the order
of their numbers, lowest numbers
first; ten per cent (10@o) thereof on
the first day of December 1882, and
ten per cent 1000 thereof on the
first day of December in each and
every year thereafter, until all of said
bonds have been paid by said county;
but said bonds, or any part thereof,
J may at the option of the county, be
, redeemed at any time after ten years
from the date of their issuance in
the order of their numbers, lowest
numbers first.
Both principal and interest OF said
bonds shall be payable at the County
Treasury of Boundary County, or at
the banking house of the Bank Of
America, Atlantic office, in the city
of New York, at the option of the
holder thereof
Sealed bids for said bonds will be
, received by the Board of County
Commissioners of said county, up to
one thirty o'clock, p. m, of Decem
2 Der s, 1922, at the County Board
{ room, in the Court House at Bon
ners Ferry Boundary County. Idaho
Bids must name the best terms and
lowest rate of interest at which bid
:, ders will purchase said bonds No
bid will be considered for a greater
rate of interest than six per cent.
nor for less than the par value of
/ said bonds with accrued interest
/ added thereto.
a Each bid must be accompanied by
e an unconditional certified check in
f the sum OF Ten Thousand Dollars
8 ($1000Ol. payable to the County
d Treasurer of Boundary County. All
e bids must be unconditional and the
|. bidder must be prepared to take the
:, bonds as soon as delivery can be
e made by the county.
Il Bids will be opened and considered
e by the Board of County Commission
e ers Of Boundary County at regular
n meeting thereof, to be held in the
e County Board room at the Court
It House. at Bonners Ferry. Idaho. on
II the Sth day OF December, 1922. at
s 1880 o'clock p. m.
r The Board reserves the right to re-
n iect any and all bids
Dated at Boomers Ferry, Boundary
e County. Idaho. this 14th day of
a November 1922
y JAMES A. WEIGH.
e Chairman,
d WNI e. RATH,
q G. S. COLLINS,
l. Board OF County Commissioners.
" p.,,I,~,. f,o.,4.- rd.,,o