The Western news. [volume] (Libby, Mont.) 1933-current, 1936-08-27
NOTICE OF SALE OF COUNTY
BONDS.

Notice is hereby given by the Board
of County Commissioners Of Lincoln
County, State of Montana, that the said
Board will, ON the 9th day Of Septem--
Der, 1896, at the hour of two o'clock
P. NJ at the office of the Board in the
Court House in the City of Libby, Mon
tana, in said County, sell to the highest
and best bidder for cash, either am
irritation or serial bonds Of said Coun-
| ty in the total amount of Twenty-Five
Thousand Five Hundred and no 10Oths
Dollars ($25, 00), for the purpose of
| funding outstanding County Warrants
lawfully issued against the Poor Fund
OF said County, in the sum of $24,-
853.17, which warrants were lawfully
issued for Special Relief or Emergency
Relief purposes for the fiscal year end
ing June 80, 1886, and for the purpose
of paying ACQUIRED interest on such war
rants from their several dates of pre-
sentiment to the date of retirement.
/ Amortization bonds will be the first
choice and serial bonds will be the Sec
ond choice Of the said Board.
| If Amortization are sold and issuedzs
the entire issue may be put into one
single bond or divided into several
bonds, as the Board may determine up
on at the time of sale, both principal
and interest to be payable in semi-an-
nual instailments during a period of
ten (10) years from the date of issue.
! If Serial Bonds are issued and sold
they will be in the amount of Two
Thousand Five Hundred Fifty and no
100ths Dollars ($2,550.0O) each, or such
other denominations as the Board may
determine at the time of sale; the sum
of Two Thousand Five Hundred Fifty
and no 10Oths Dollars ($2,55O00) Of said
Serial Bonds will become payable on
the LIST day of July, 1887, and the like
amount on the same day of each year
thereafter until all of such bonds are
paid.
/ The said Bonds, whether amortiza-
ton or serial bonds, will bear date Of
! July |, 1886, and will bear interest at
rate not exceeding six percentum (6R)
per annum, payable semi-annuaily on
the LIST day Of July and January in each
year, and will be redeemable in full ON
and after July |, 1941, or ON any in
terest payment date from and after
| five years from the date of issue.
The said bonds will be sold for not
less than their par value with accrued
interest to date of delivery, and all
bidders must state the lowest rate of
interest at which they will purchase
the bonds at par and must further
specify the form Of bonds to be issued.
The Board reserves the right to re-
ject any and all bids and to sell the
said bonds at private sale.
| All bids other than by or on behalf
of the State Board of Land Commits
sioners Of the State of Montana, must
be accompanied by Certified Check
in the sum of Five Hundred Dollars
/ $500 0O), payable to the order Of the
Clerk, which will be forfeited by the
successful bidder in the event that he
shall fail or refuse to complete the pur-
chase of the said bonds in accordance
with the terms Of his bid.
All bids shall be addressed to the
Board of County Commissioners of said
County and delivered to the County
Clerk of said County.
LESLIE c. KENSLER,
Chairman, Board Of County Commits
sioners Of Lincoln County, State Of
Montana.
| Attest.
SAMUEL CARPENTER,
Clerk Of the Board Of County Commits
sioners Of Lincoln County, Montana.
Address, Libby Montana.
(Lincoln County Seal) agl3-s3-4t