The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1949-09-01

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(Pub. Sept. l, 8, Is and 22)
NOTICE OF SALE OF SPECIAL
IMPROVEMENT DISTRICT
BONDS OF THE CITY OF
HARDIN, MONTANA
NOTICE Is HEREBY GIVEN
by the City Council of the
City of Hardin, Montana, THAT
the said Council will, on the
Doth day of September, 1949,
at the hour of eight o'clock p.
NJ, at its Council Chambers in
the City Hall, of the City of
Hardin, Montana, sell to the
highest and best bidder for
cash, either amortization bonds
or serial bonds of the said
City in the total amount of
100000 Dollars for the purpose
of paying for work and materi-
al used in the construction of
an 8" branch sanitary sewer in
the alley between First and
Second streets and extending
from the manhole on Miles
Ave-, between First and Second
streets to a point adjacent to
Lots Is g. IA Blk. II Highland
Park Addition with all neces-
sary Wyes, manholeS and ap-
purtenanceS, in accordance with
the plans and specifications of
the City Engineer now on file
in the office of the City Clerk
of the City of Hardin, Montana,
together with costs and expens-
eS, connected with and inciden-
tai to the formation of said
Special Improvement District in
Guiding costs of preparation OF
plans, Specifications, maps, platS,
Engineering, superintendent,
and inspection, and preparation
of assessment rolls. -.
Amortization bonds will be
the first choice and Serial
bonds will be the second choice
of the Council.
If the amortization bonds are
sold and issued the entire is
sue may be put into one I'd
single bond or divided into
several bonds, as the council
may determine upon at the
time of sale, both principal and
interest to be payable in semi
annual inStallments during a
period of ten (10) years from
date of issue. T.
Bonds to be payable over a
period of ten (10) years firm
date of ISSUE ~
If serial bonds are issued and
sold they. will be IN the amount
of $4,000 each and the sum
of $4,000, of said serial bonds
will become due and payable
on the second day of January
1851, and the sum of $4,000
will become due and payable on.
the second day of January,
1852, and a like amount on
the same day each year there
after until all such bonds are
paid.
The said bonds, either amor
tization or serial, will bear date
the 20th day of September,
1949, will bear interest at arate
not exceeding six per centum
(6%) per annum payable semi
annually, on the End day of
January, and on the End day
of July, in each year, and will
be redeemable at the option of
thn CITY five wears from the
date Of issue or on any inter-
est paying day thereafter.
Such bonds shall be redeem
able by the Treasurer when
there are funds in the Special
Imnrovement District Fund
AGAINST which said bonds on
presentation of the coupons be-
longing thereto, and any funds
remaining shall be applied to
the payment of the principal
and redemption of the bonds in
the order of their registration;
and provided, further that
whenever there are any funds
in any special Improvement
district fund, after paying the.
interest on such bonds drawn
aoainst said fund, the Treas
uTer shall call in for payment
outstanding bonds, which, to-
oefher with the interest there
IN to the date of redemption,
will equal the amount of said
find on that date, which date
shall be fixed by the Treasurer,
who shall give notice by pub
jication once in a newspaper
n,,blished in the city, or at the
option of the treasurer. by
written notice to the holder or
rIiIS-e Of such hnnd if their