The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
NOTICE OF SALE OF $500, 10000
NEGOTIABLE COUPON BONDS
OF SHoSHONE COUNTY, IDAHO.

! no, intends TO issue, negotiate and sell
! $500 10000 of its negotiable coupon
bonds. pursuant to the authority Civ
en- the Board of County Commission
ers Of said County by a two thirds
vote of the qualified electors of said
County, authorizing said Board to so
issue and sell said bonds, and the said
Board of County Commissioners of
said County hereby invites bidders
therefor. Said bonds shall be dated
July 1st 1928. and shall be issued in
denominations of 100000 each but
bonds of denominations of $4,000 and
10000 may be issued if it is deemed
necessary. Said bonds will bear in
terest at a rate not to exceed six per
cent (696) per annum, the interest to
be paid on the LIST day of January and
the LIST day of July, in each year, at
the Office of the County Treasurer in
the said County, or at such bank in
the City of New York as may be des-
ignated by the Board of County Com
missioners of said County. Such bonds
shall be redeemed in the following
manner: Ten per cent OO%) of the
total amount issued to be paid in ten
years from the date of issue, and ten
per cent Q0a6) annually thereafter,
until all Of said bonds are paid. But
said bonds, or any part thereof, may
at the option of said County, be re-
deemed at any time after five 60
years from the date of their issue,
which proviso that the said County
shall have the option of so redeeming
said bonds shall be stated upon the
face of each bond and each bond shall
be redeemed in the order it is num-
bered Bids for the said bonds will
be received up to one o'clock in the
afternoon of the Both day of July
1928, at the office of the Clerk of the
Board of County Commissioners of
said ShoshOne County, in Wallace
be opened. All bids should be sealed
and directed to Harry A. Rogers,
Clerk of the Board of County Commits
sioners, Wallace, Idaho. and should be
marked bid for Bonds" Said bonds
will be sold upon the best terms and
upon the lowest rate of interest at
which said bonds can be sold, provid-
ed. however, thar said bonds viii not
bear interest at rate to exceed six
per cent (69o) per annum and will not
be sold for less than their face or par
value, and accrued interest at the time
of disposal of said bonds. The said
Board of County Commissioners re
serves the right to reject any and all
bids offered and to re-advertise for
bids by original notice All bids must
be accompanied by a certified check
in the sum of 100000. payable to
Shoshone County, and the bidder, in |
making his bid, agrees that in case his |
bid is accepted and the bonds are le- |
gally issued, and he refuses to comply /
with the terms of his bid, and pur- /
chase and pay for said bonds. that the
said certified check shall be forfeited
to the said County of Shoshone as
iquidated damages for his failure to
comply with the terms of his bid Said
bonds are to be issued and sold I'M
der the provisions of Article of Chap
Ter $50. of Title XXIN.. of the Polti-
al Code of the state of Idaho, which
$ the same as Sections S5t9 to 1881,
10Th inclusive, of the Compiled stat
ties of Idaho! for the purpose of rails
ng funds with which to repair and
construct the highway including the
bridges thereon, which are a part of
aid highway crossing the County of
shoshone, being a part of the North
'acific Highway. so designated by
state and Federal maps, and. being a
'art of what is commonly known as
md called the Yellowstone Trail
which is a highway extending from {
he Atlantic Coast to the Pacific Coast. Z
nd paving those portions of said {
highway situated between the easter q
y boundary line of the City of Kel- .
ogg. and the westerly boundary line l
f the City of Wallace and the east
rly boundary line of the City of Wal
nee and the westerly boundary line "
+ the Village of Mullan, in said Conn {
Y. as prescribed in a resolution and 7
rider of the said Board of County {,
entered in its records
n May 10th, 1928. and June 22nd. 1928. ;.
eference to which is hereby made for n
he particulars therein contained. t
BY order of the Board of County
of the County of Sho- f.
hone, state of Idaho. d
IN WITNESS WHEREOF. I have C
ereunto set my hand and affixed the g
sal of the Board of County Commits
oners Of Shoshone County. Idaho, il
lis 22nd day of June. 1928. p
HARRY 4. ROGERS, l,
Clerk Of the Board of n,
County Commissioners. Il
seal of Board of cl
County Commissioners C
To-