The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-26
NOTICE OF SALE OF $500, 10000
NEGOTIABLE COUPON BONDS
OF SHOSHoNE COUNTY, IDAHO.

ShoshOne County, in the State of Ida
no. intends to issue, negotiate and sell
$4,000 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 (69o) 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 i'm
the City of New York as may be des-
ignated by the Board of County Com
missioners of said County Such bonds
shall he redeemed in the following
manner: Ten per cent QO9o) of the
total amount issued to be paid in ten
years from the date of issue. and ten
per cent OO%) 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
H.. lot Of
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 3Oth day of July,
1928. at the Office of the Clerk of the
Board of County Commissioners of
said Shoshone County in Wallace,
Idaho, when and where the same will
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. that said bonds will not
bear interest at a rate to exceed six
per cent (6%) 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. Ali 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 |
liquidated damages for his failure to |
comply with the terms of his bid. Said /
bonds are to be issued and sold uu /
der the provisions of Article of Chap /
ter $50. of Title NXIN.. of the Politi- |
cal Code of the state of Idaho, which I
is the same as Sections 1919 to 1881. /
both inclusive. of the Compiled Stat /
utes of Idahol for the purpose of rails |
ing funds with which to repair and /
construct the highway including the 4
bridges thereon. which are a part of /
said highway. crossing the County of /
Shoshone, being part of the North /
Pacific Highway so designated by 1
State and Federal maps. and being a
part of what is commonly known as /
and called the Yellowstone Trail /
which is a highway extending from /
the Atlantic Coast to the Pacific Coast, /
and paving those portions of said
highway situated between the easter
~ boundary line of the City of Kel-
logg. and the westerly boundary line
of the City Of Wallace. and the east
erly boundary line of the City of Wal
lace and the westerly boundary line
of the Village of Nullan, in said Coun-
ty. as prescribed i'm a resolution and
order of the said Board of County
entered in its records
on May 10th. 1928. and June 22nd, 1928,
reference to which is hereby made for
the particulars therein contained.
BY order of the Board of County
of the County of Sho-
shone, state of Idaho.
IN WITNESS WHEREOF, I have
hereunto set my hand and affixed the
seal of the Board of County Commits
sioners of Shoshone County, Idaho,
this 22nd day of June, 1928.
HARRY A. ROGERS.
Clerk of the Board of
County Commissioners.
(Seal of Board of
Cnrnt,. Cnr,nrnieeinnnrel