Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1860-10-19

.-. FUED OF THE STATE or OHIO,
Columbus, August ., 1860
THE STATEOF OHIO DESIRES
70 borrow the sum Of six millions and tOqr
hundred thousand dollars, to be Hppied exclusivey
TO the payment Of that portion Of the public debt re-
deemable at is pleasure after 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 the General Assembly, will receive sealed
proposals, at the Ohio State Agency No . Williams
5sV ~ r 1rTt 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 trom the first day Of January,
ls6l 10 be paid semi-annually on the hrst days Of
January and July Of each year, at the Ohio state
rimbursable the place, and which, as to the
rate per cent of interest and the time Of final re-
three conditions following on the opening Of the
proposals, the Commissioners may deem to be most
advantageous to the State, that is TO say:
/. Bearing interest at the rate of Five per centum
per annum, ard redeemable at the pleasure Of the
State after the Thirty-frst day OF December, lS90
2. Bearing interest at the rate OF Six per centum
per annum, and redeemable at the pleasure OF the
State after the thirty first day Of December, 1870
g. Bearing interest at the rate OF six per centum
per annum, and redeemable at the pleasure Of the
State afler the thirty-rst day Of December 1850.
Zach proposal must state distinctly for which OF
these classes OF certificates it is made the amount Of
either which is desired, and the price Tor each hun
red dollars of each class proposed be taken, and
must be accompanied by certified check on, or GER
ticate of deposit Of one Of the banks Of New York
City PAYABLE to the order OF the Commissioners for
sum equal to I've per cent. Of the amount OF GER
tcates bid for, which sum shall be forfeited II the
bidder shall tai in any Of the certificates are
awarded him, pay the residue Of his bid at the
time hereinafter specified for that purpose. No bid
less than the par value Of the certificates, or for
an nm0unt less than five 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 specined
may be asignable TO the bidder regard being had 10
the other proposals.
Interest on the Deposit at the rate for which the
certificates are awarded 10 him, " i'll be allowed 70
each successful bidder and adjusted on the delivery
Of the certificates and each will be required to pay
the residue Of the amount bid by him, on the twenty
ninth day OF December 1861 az the Ohio state Agency
in the city of New York. at which time and place the
certificates awarded will be ready for delivery. Ger
tcates of the Funded Debt Of the state Of Ohio, re-
deemable the first day Of January, lS6l viii be re-
ceved in payment Of any part OF the loan hereby con-
teTuplated .r .... 40.
The deposits Of the unsuccessful bidders viii be re-
turned to them upon application at the ONO state
Agency on the day next subsequent to the opening
of the proposals.
The commissioners reserve the TlghI 70 reject any
ali the bids if they shall deem It necessary IN Or
der to protect promote the interest Of the state
Proposals for this loan must be nclosed in sealed
envelOp, directed 10 the - Commissioners OF the
Sinking Fund Of the State Of OhiO,' ana endorsed
80 Proposals for the Ohio Loan"
In order to secure uniformity, and for the conye-
hience of bidders the Commissioners have prepared
form Of proposal which, together with acopy Of the
act authorizing the loans and any information de-
sired in the premises may be obtained at the ONO
State Agency in New York City, at the Office Of
the commissioners in Columbus Ohio.
r. W. TAYLER, Auditor Of State.
A. P. RUSSELL, Secretary Of State
O. P WOLCOTT, Attorney General,
Commissioners Of the sinking Fund Of the state Of
Ohio OctldOew tOnoy2O