Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1860-12-01

a- AAND W IhE STATE OF OHLOs
Columbus, 18th August, 1850.
THE STATE OF OHIO DESIRES
to borrow the sum Of SIX MILLIONS AND
FOUR HUNDRED THOUSAND DOLLARS, to be
applied exclusively to the payment Of that portion
the thirty-hrst day OF December next, and, 10
that end, the Commissioners Of the Sinking Fund
Of the State, under authority Of an Act Of it's
General Assembly, will receive sealed proposals,
at the Ohio State Agency. No. 8 Williams street,
New York city, until Y O'Clock NJ, Of the. Twsn-
tieth day Of November next, for the purchase OF
SIX MILLIONS n FOUR HUNDRED THOU
Of the Funded and Registered Debt Of the State of
Ohio, bearing interest from the first day of January,
1861, to be paid semi-annnally on the frst days Of
January and July Of each year, at the Ohio State
rsimbnrsable at the same place, and which. as TO he
rate per cent of interest and the time Of final re-
dempuon, shall be in accordance with such Of the
InIse o3nolHoRs loloWing as on the opening OF the
advantageous to the State, that is to say:
/. Bearing interest at the rate Of Five per centum
per annums AID redeemable at the pleasure Of the
State amer the Thirty-hrst day Of December, 1870.
2. Bearing interest at the rate Of Six per ceutum
PEI an1um, and reasonable At the pleasure Of the
State after the thirty-irst day Of December, 1870.
8. Bearing interest at the rate OF SIX per centum
per annum, and redeemable at the pleasure of the
State AFTER the thirty-hrst day Of Deeember, IsSO.-
these classes Of certificates 1t is made, the amount Of
either which is desired, and the price for each hun
must be accompanied by a certificate check On, or
certificate Of deposit of one ofthe banks OF New York
Oltgs EtghUlo 70 M QEQGE OF LM6 commissioners, Tor
a sum equal to five per cent. Of the amount Of GER
tincates bid for, which sum shall be forfeited if the
bidder shall fail, in case any Of the certificates are
awarded TO him, to pay the residue Of his bid at the
time hereinafter specified for that purpose. No bid
at less than the par value Of the certificates. or for
an amount less than five thousand dollars, will be
considered, and each bid shall be deemed as made
either Tor the whole sum named therein, or for such
pro rata amount thereof as, at the rate specified,
may be assignable to the bidder, regard being had to
the other proposals.
Interest on the deposit, at the rate for which the
certificates are awarded to him, will be allowed 70
each successful bidder, and adjusted on the delivery
Of the certificates, and each will be required to nav
the residue Of the amount bid BY him, on the twenty
ninth day Of December, 1850, st the Ohio State Agency
in the city Of New York. at which time and place the
4 certificates awarded will be ready for delivery. Ger
t~ihcates ofthe Funded Debt ofthe State of Ohio, re-
deemRble on the first day Of January, 1861, will bere-
eeived in payment ofany part of the loan hereby con-
templated.
The deposits Of the unsuccessful bidders will be re-
Agency on the day next subsequent to the opening
of the proposals.
The Commissioners reserve the right 70 reject any
or all the bids II they shall deem il necessary in or
der 70 protect or promote the interest Of the State.
Proposals Tor this loan must be inelOsed in a sealed
Sinking Fund Of the state Of Ohio,n and endorsed
. Proposals for the Ohio Loan.p
In order 70 secure uniformity, and for the conye-
nlence OF bidders the Commissioners have prepared
aform Of proposal which, together with a COPY ofthe
act authorizing the loan, and any Information de-
State Agency in New York City, or at the Once Of
the commissioners in Columbus, Ohio.
b. w. TAILEA Auditor Of State.
.. - A.P. RUSSELB, Secretary OF State.
O.P.W 0LCOTT, Attorney General,
Commissioners Of the Sinking Fund Of the State Of
NJ