Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1860-10-17
[oTTuAL.
OHIO STATE LOAN--$G, 100000.
[orr1o1AL.
OFTioE or THE CoMuIssioNERs OF THE sNKfNaO
FuED OF the STATE or OHIO,
Columbus, August D. is6o

,
THE STATE OF OHIO DESIRES
II 10 borrow the sum Of six millions aud four
huudred thousand dollars, TO DO applied exclusively
70 the payment Of that portion Of the public debt
deemable at Is pleasure after the thirtyhrst day OF
Of the Sinking Fund OF the state, under authority Of
an Act Of the General Assembly, will receive sealed
proposals, at tho Ohio State Agency No. % Williams
street New York city, until IL o'clock NJ, Of the
Twentieth day of November next for the purchase Of
SIX MILLIONS AND -FOUR HUNDRED THOU
SAND DOLLARS, Of the Transferable Certificates
OF the Funded and Registered Debt Of the State Of
Ohio, bearing interest from the first day Of JanuaFy
1861, TO be paid semlannually ON the hrst days Of
January and July Of each year, at the Ohio State
Agency, In the City Of New York, with the principal
r5mburaable at the same place, and which, a. 70 the
rate per cent OF interest and the time Of final re-
demption, shall bq In accordance with such OF the
three conditions following as on the opening OF the
proposals, the Commissioners may deem 10 be most
advantageous to the State, that is to say;
i bearing ~ ~ iato NJ Also ~ Sest IN
State sfter the Thirty -Arst day OF December 1890.
2. Bearing interest at the rate Of Six per centnm
per annum, and redeemable ct the pleasure Of the
State AFTER the thrty-frst day Of December, 1870.
3, Bearing interest at the rate Of Six per eentum
per annum, and redeemable at the pleasure OF the
State alter the thirtyhr day Of December, 1880.
Each proposal must stste distinctly for which Of
these classes OF certificates Il is made the amount Of
either which Is desired and the prioe for each hun
dred dollars each class proposed TO be taken, end
must be accompanied by a certified check ON, or cer
thcatb Of deposit Of one of the banks Of New York
City, payable 10 the order OF the commissioners for
SUN "a unl 70 five per cent. Of the amount OF
hcates bid i0rt which sum Snail De lOreleu II the
bidder shall hil, IN case any Of the certificates are
awarded him. to pay the residue Of his bid az the
time hereinafter specified for that purpose. No bid
at less than the par value Of the certificates or for
an amount less than i've thousand dollars, Will be
considered, and each bid shall be deemed as made
either for the whole named therein, or for such
pro rata amount thereof as, at the rate specified,
may be assgnable to the bidder regard being had to
the other proposals.
Interest on the deposit, at the rate for which the
certificates are awarded 20 him, will be allowed TO
each successful bidder and adjusted the delivery
Of the certificates and each will be required 70 pay
the residue Of the amount bid BY him. on the twenty
ninth day OF Decent Der, 1862 az the Ohio state Agency
In the city of New York. at which time and place the
tieates OF the Funded Debt Of the State Of Ohio
deemRble on the first day Of January 1861, viii be re-
oeYed in payment Of any part Of the loan hereby con-
tsmplated
The deposits ofthe unsuccessful bidders will be re-
turned TO them upon application at the Ohio State
Agency on the day next subsequent TO the opening
Of the proposals.
The Commissioners reserve the right TO reject any
all the bids If they shall deem II necessary In or
der TO protect promote the interest Of the State
Proposals for this loan must be inclosed in sealed
envelop, directed to the q Commissioners of the
sinking Fund Of the State of Ohio" and endorsed
" Proposals for the Ohio Loan"
In order to secure uniformity, and for the cOnve-
uience Of bidders, the Commissioners have prepared
form Of proposal which, together with copy of the
act authorizing the loan, and any information de-
sired in the premises, may be obtained at the Ohio
State Agency in New York City, or at the Office Of
the commissioners in Columbus, Ohio.
r. W, TAYBER, Auditor Of State.
A. P. RUSSELL, Secretary Of State.
q. p. WOLCOTT, Attorney General,
Commissioners Of the Sinking Fund Of the State OF
Ohio. Octldoew tOnOv20