Salt Lake Tribune | 1908-06-14 | Page 20 | Notice of Sale of Bonds

NOTICE OP 8AU3 OP BONDS. Tho city of Idaho Falls, Bingham county State of Idaho, has never defaulted default-ed on any Interest payment duo on Its bonds. Notice Is hereby given that tho Mayor and Common Council of the city of Idaho Ida-ho Falls, Bingham county, Stato of Idaho, Ida-ho, will on tho 17th day of June, 1908. at tho hour of eight (S) p. m. of said day, open and consider bids for the purchase pur-chase of tho following described special assessment sewerage Improvement bonds of Local Sewerngo Improvement district No. 2 of tho city of Idaho Falls, Bingham countv, Idaho, to wit: $1,703 71 bonds of such denominations as shall hereafter bo provided In tho ordlnanco authorizing their Issue, bearing Interest, payable semi-annually, at not to exceed six (0) por centum per annum; Interest payable on tho first days of August and February, respectively, at tho offico of the Treasurer Treas-urer of said city or at such banking house or trust company In tho city of New York as may bo designated by tho Mayor and Council, at tho option of the holder of said bonds. Said bonds shall be payable pay-able on or before a date not to exceed ten (10) years from and aftor tho date of their Issuance, and may be paid in ten equal Installments to be paid at the date of any Interest payment date. The principal prin-cipal sum of said bonds and the Interest thereon shall bo payable out of tho local Improvement fund created for tho payment pay-ment of tho cost and expense of such improvement The funds derived from the sale of said bonds Is to be used for the payment of tho cost and oxpense of constructing or building a sower system or sewerago disposal works, and portions thereof, within Local Sewerage Improvement Improve-ment district No. 2 of the city of Idaho Falls. Idaho. All bids submitted for tho purchase of said bonds must be securely scaled, addressed to J. W. McCarroll, City Clerk, Idaho Falls, Idaho, and must bo plainly marked on tho outside of the envelope: "Bid for Sewerage Improve-8 ment Bonds, District No. 2, Idaho Falls, Idaho." Tho right Is reserved to reject any and all bids nnd to call for new bids. Dated this 26th day of May, T?08. D. G. PLATT, Mayor. J. W. M' CARROLL. City Clerk. c-129