Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1923-08-30
NOTICE OF INTENTION TO ISSUE
AND SELL MUNICIPAL COUPON
BONDS OF THE CITY OF
GkANGEVILLE, IDAHO COUNTY,
STATE OF IDAHO.

STATE OF IDAHO.
NOTICE is HEREBY GIVEN. BY
the Mayor and Common Council OF
Grangeville, County of Idaho, State
OF Idaho. that the said City of Grange
vile Will issue, negotiate and sell
It's municipal coupon bonds to the
amount of Fifteen Thousand ($15, OOO.-
0O) Dollars, under the authority con-
ferred upon such City by the Consti-
tuition and general laws of the State
of Idaho, and under and by virtue of
Ordinance No. 15S of the City Of
Grangeville, Idaho. passed and ap-
proved the 10Th day of June, 1923,
providing for the holding of an cleo
ton to submit the question of the
Issuance of such bonds to the quail
fed electors of said City, and under
and by virtue of the authority con-
TERED upon the common council by
the election held under said ordin-
ance on the 9th day of July, 1923,
at which election the issuance of said
bonds as herein offered, was author
lied and approved by more than two
thirds of the qualified electors voting
at such election.
The said bonds will be issued, ne
gOtiated and sold for the purposes
stated in said Ordinance No. 15S.
Such bonds shall be fifteen (15) in
number, of the denomination of One
Thousand $1,000.00) Dollars each, all
payable twenty COO years after their
date, but redeemable at the pleasure
of said City at any time after
the expiration of ten (10)
l.
est at not to exceed six per cent per
annum, payable semi-annually on the
first day of January and the first day
Of July of each year, at the office of
the City Treasurer Of the City of
or at such bank or trust
in the City of New York, as
may hereafter be designated. None of
such bonds will be sold at less than
its face or par value, with accrued
interest at the time of disposal; de-
livery to be made within sixty days
after the acceptance of any bid or
bids.
Such bonds will be sold for legal
tender of the United States and both
principal and interest will be redeem
ible in gold coin of the United States
If its present standard and fineness
Semi-annual interest coupons will be |
attached to said bonds covering the
interest provided therein, from the |
late of issue until paid, and such |
bonds shall be known as municipal
coupon bonds of the City Of Grange
lille, Idaho.
Bids must be addressed to the May
II and Council of the City of Grange
lille, Idaho. and must be accompanied
~ a certified check in an amount
qual to ten per cent. of the amount
# the bonds bid for. Said check to
Ne drawn payable to the City Of
and to have no conditions
thereon.
Sealed bids will be received at the
ffice of the City Clerk at Grange
lille, Idaho, until eight o'clock p. m.
september 10, 1923, and same will be
pened by the Mayor and Council at
light o'clock p. m. of said day. at the
ouncil rooms in said City of Grange
lille, in the presence of all bidders
resent.
An abstract showing the financial
ondition of said City of Grangeville,
nd all information relative to said {
onds, may be had upon application
} Hampton Taylor, City Clerk of the
ity of Grangeville, Idaho.
The City of Grangeville reserves the
ight to reject any and all bids which {
lay be offered for said bonds or any {
ortion thereof.
Dated at Grangeville, Idaho, this
tn day of August 1923.
G. H. WOOD, Mayor.
ttest: II. Taylor, City Clerk. 1915