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Newspaper
Preston Citizen
Location
Preston, Idaho, United States of America
Date
Oct 28, 1948
Page
14
The city of Preston Idaho certifies bond validity under Idaho law and constitutional limits. It pledges full faith and credit for principal and interest with taxes to be levied and collected. Signed by the Mayor, City Treasurer, and City Clerk with the city seal, October 1, 1948.
City of Preston Idaho passes a 1948 ordinance to issue bonds for sewerage and waterworks improvements and fire equipment and street work. It sets interest payments on April 1 1949 and requires annual taxes to cover interest and principal with funds dedicated to bond payments. The ordinance authorizes bond sale to the State Investment Department and declares the contract binding until fully paid.
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