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Newspaper
Paris Post
Location
Paris, Idaho, United States of America
Date
Jan 12, 1939
Page
5
City of Paris Idaho intends to issue 36700 in municipal coupon bonds to fund waterworks improvements and land acquisitions. The ordinance creates a tax levy to service debt and establishes a sinking fund for bond payments. Private sale noted.
In a September 30 1938 special election Bear Lake County Idaho voters approve issuance of 36700 in city bonds to finance municipal waterworks improvements including land rights and rights of way. The United States agrees to buy 37000 of bonds with a 45 percent grant up to 380278, and the city plans a private sale to the U.S. at four percent interest.
The document states that bonds will be prepared and delivered to a purchaser upon payment at par and accrued interest. It declares the sale in the city of Paris Idaho is in its best interests and sets the ordinance to take effect after passage approval and publication and remain irrevocable until the indebtedness is fully paid.
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