The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-06-28
NOTICE OF SALE OF $500, 10000
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
SSOO,O00.O0 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 1st 1928 and shall be issued in
denominations of 100000 each, but
bonds Of denominations of $4,000 and
$4,000 may be issued if it is deemed
necessary. Said bonds will bear in
terest at a rate not to exceed six per
cent (6%) 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 QO%) of the
total amount issued to be paid in ten
years from the date of issue. and ten
per cent (1096) 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 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
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 rate to exceed six /
per cent (6S) per annum and will not
be sold for less than their face OF 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 I
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
% the said County of Shoshone as
iquidated damages for his failure to {
comply with the terms of his bid. Said
ponds are to be issued and sold I'M
Ter the provisions of Article 8 of Chap :
err $50. of Title xxx. of the Politi-
al Code of the State of Idaho, which
s the same as Sections 1919 to 1881
10Th inclusive, of the Compiled Stat
ties of Idahoi for the purpose of rails
ng funds with which to repair and
Onstruct the highway, including the
ridges thereon, which are a part of
aid highway. crossing the County OF Y
hoshone, being a part of the North q
'acific Highway so designated by
tate and Federal maps. and being a !
art of what is commonly known as I
nd called the Yellowstone Trail {
hitch is a highway extending from I
he Atlantic Coast to the Pacific Coast, d
nd paving those portions of said a
ighway situated between the easter e
2 boundary line of the City of Kel- a
'gg, and the westerly boundary line 2
T the City of Wallace and the east II
rly boundary line of the City of Wal 4
ICE and the westerly boundary line
the Village of Nfullan in said Coun- W
2. as prescribed in a resolution and S
'der of the said Board of County r
entered in it's records ID
4 May 10th, 1923. and June 22nd. 1928. m
ference to which is hereby made for r,
lie particulars therein contained n
BY order of the Board of County NJ
of the County of Sho- n
lone. State of Idaho. fe
IN WITNESS WHEREOF, I have ~
,reunto set my hand and affixed the CO
al of the Board of County Commits q
oners Of Shoshone County, Idaho
is 22nd day of June, 1928. NJ -,
HARRY A. ROGERS. 70
Clerk of the Board of NJ
County Commissioners. III
eal OF Board of eli
County Commissioners) Gu