Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1860-11-09

[oFFIcLAL. -
OHIO STATE LOAN-S6, 400 900.
OFFICE OF THE COMMISSIONERS OF THE SINKING 4
FUND OF TIE STATE OF ONO,
THE ETATEOFOHTODE


Columbus, August 2s, is6O.
UNHE ETATEOF OHIO DESIRES
Il to borrow the sum Of six millions and four
hundred thousand dollars, to be applied exclusively
TO the payment Of that portion Of the public debt
deemabe at is pleasure after the thirty-rst day Of
December next, and TO that end, the Commissioners
OF the slRlng FUND Of the State under authority Of
an Act OF the eneTal Assembly, will receive sealed
proposals, at the Ohio State Agency No . Williams
street, New York city, until L o'clock n, of the
TWenIieIn day OF November next for the purchase OF
SIX MILLIONS AND FOUR HUNDRED THOU
SAND DOLLARS, Of the Transferable Certificates
Ohio, bearing interest the first day Of january
1861, to be paid semi-annually the first days Of
Agency, in the City Of Now or with the principal
rSimbursable at the place, and which, as to the
rate per cent OF interest and the time Of final re-
dempIion, shall be in accordance with such of the
three conditions following the opening of the
proposals. the Commissioners may deem to Be most
advantageous to the State, that is to say:
l. Bearing interest at ths rate of Five per centnm
per annum, aLd redeemable at the pleasure of the
state after the Thirty day of December, 1890
?. Bearing interest at the rate of Six per centum
per annum, and redeemable at the pleasure of the
3. Bearing interest at the rate of Six per centum
per annum, and redeemable at the pleasure Of the
State after the thirty-frst day of December, 1885,
Zach proposal must state distinctly for which Of
these classes OF certificates il Is made the amount of
either which Is desired and the price for each hun
urea ooara OF eacn class proposed to be taken end
must be accompanied by certified check on or GER
tncate OF deposit Of one Of the banks Of New York
Clty, payable 20 the order OF the Commissioners, for
sum equal to five per cent. of the amount of GER
tnCate6 bid Tor, which shall be forfeited il the
bidder shall fail, in any of the certificates are
awarded 10 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
amount less than five thousand dollars, will be
considered, and each bid shall be deemed as made
either for tho whole sum named therein for such
pro rata amount thereof as, at the rate specified
may be assRnable 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 TO
each successful bidder, and adjusted the delivery
Of the certificates, and each will be required to pay
the residue Of the amount bid by him, the twenty
ninth day OF December 1890 at the Ohio State Agency
in the city of New York at which time and place the
ticates Of the Funded Debt Of the State of Ohio
deemabe the first day Of January ls6l will be re-
oeved in payment Of any part Of the loan hereby
templated.
The deposits Of the 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 70 reject any
all the bids If they shall deem il necessary in or
der 10 protect or promote the interest of the State
Proposals for this loau must be incOsed in sealed
envelop, directed TO the 9 Commissioners OF the
" Proposals for the Ohio Loan"
In order TO secure uniformity, and for the conve-
nence Of bidders, the Commissioners have prepared
form Of proposal which, together with copy Ofthe
act authorizing the loan, and any information de-
sired in the premises, may be obtained the Ohio
State Agency in New York City, or at the oilce Of
the commissioners in Columbus Ohio
r. W. TAYLER, Auditor of STATE.
A. j. RUSSELL, Secretary Of State
q. Z. WOLCOTT, Attorney General
Commissioners Of the Sinking Fund 0f the State of
Ohio. Octldoew tonoy9