The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-12
NOTICE OF SALE OF s30O,0O000
NEGOTIABLE COUPON BONDS
OF SHOSHONE COUNTY, IDAHO.

/ NOTICE is HEREBY GIVEN, that
Shoshone County in the State of Ida
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 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 LIST, 1923, 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 rate not to exceed six per
cent (6e6) 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
mssioners of said County. Such bonds
shall be redeemed in the following
manner: Ten per cent QO%) of the
total amount issued to be paid in ten
years from the date of issue, and ten
per cent QO96) 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-
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
he received up to one o'clock in the
afternoon of the SOth 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
soners. 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 viii not
bear interest at rate to exceed six
per cent (6ee) 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
liquidated 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 xxx, of the Politi-
cal Code of the State of Idaho. which
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
bridges thereon which are a part of
said highway. crossing the County OF
Shoshone. being part of the North
Pacific Highway. so designated by
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 /
situated between the easter
Iy boundary line of the City Of KEEL
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 I
Of the Village of Ahullan. in said Coun-
tv as prescribed in 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
he particulars therein contained.
BY order Of the Board of County
commissioners of the County of Sho-
'hone. state of Idaho.
IN WITNESS WHEREOF I have
set my hand and affixed the
seal of the Board of County Commits
iioners Of Shoshone County, Idaho,
his 22nd day of June 1928
HARRY A. ROGERS,
Clerk of the Board of
County Commissioners.
seal of Board of
County Commissioners)