Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1860-10-29
OFFICIAL.
OHIO STATE L0AN-$6,4 400, 900.
OFFICE OF THE COMMISSIONERS OF THE SISKING0
FUND or THE STATE OF OHIO,
Columbus, August ., 1860.

NoAulnDuas august % ioOt-
THE STATE OF OHIO DESIRES
to borrow the sum of six millions and four
the payment Of that portion Of the public debt
deemable at is pleasure after the thirty first day OF
December next, and 10 that end, the Commissioners
Of the Sinking Fund Of tine State, under authority OF
an Act Of the General Assembly, Will receive sealed
proposals. at the Ohio State Agency No = Williams
street, New York city, until y O'Clock NJ, OF the
Twentieth day Of November next for he purchase oI
SIX MILLIONS AND -FOUR HUNDRED THOU
SAND DOLLARS, Of the Transferable Certificates
Of the Funded and Registered Debt OF the State ol
Ohio bearing interest 'front.' he first day Of January.
ls6I, 10 be paid semi-annually the first days Of
Aganry in-tbe civ f New orl with the principal
roimbursabie at the same place, and which, the
rate per cent Of interest and the time Of final re-
demptiOn, shall be in accordance with such Of the
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 live per centum
per annum, ard redeemabe at the pleasure Of the
State after the Thirty-irst day OF December, 1890
2. Bearing interest at the rate OF six per centum
per annum, and redeemable at the pleasure of the
State after the thirty ytirst day OF December, 1870.
3. Bearing interest at the rate OF six per Centum
per annumi and redeema0le at the pleasure OF the
State after the thirty-hrst day Of December, 1850
Each 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
dred dollars Of each class proposed to be taken, and
must be accompanied By certihed check on, or GER
ticate of deposit Of one of the banks of New York
City, payable to the order OF the Commissioners Tor
sum equal to i've per cent. Of the amount Of GER
bidder shall il, in 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, tUF
an amount less than five thousand dollars, will be
considered, and each bid shall bo deemed made
either for the whole sum named therein, for such
pro rata amount thereof as at the rate specified,
may be assignabe to the bidder regard being had ~
the other proposals.
Interest on the deposit, at the rate for which the
certificates are awarded to him, will be allowed 10
each successful bidder, and adjusted the delivery
Of the certificates, and each will be required pay
the residue of the amount bid by him, the twenty
ninth day OF December, lS0 at the Ohio state Agency
in the city of New York, which time and place the
certificates awarded will be ready for delivery. Ger
tiCates of the Funded Debt Of the state Of Ohio,
deemable the first day OF January, lo6l, viii be
ceved in payment OF any part OF the loan hereby con-
templated.
The deposits of the unsuccessful bidders will be
turned to them upon application at the Ohio State
OF the proposals.
The Commissioners reserve the right TO reject any
or all the bids II they shall deem IL necessary in
der protect OF promote the interest Of the State
Proposals for this loan must be inclOsed in sealed
enyeldp, directed 70 the - Commissioners OF the
- Proposals Tor the Ohio Loan"
In order to secure uniformity, and for the conYe-
nieuce of bidders, the Commissioners have prepared
form Of proposal which, together with copy OF the
act authorizing the loan, aud any Information de-
sired in the premises, may be obtained at the Ohio
State Agency in New 10rk CitY1 or at the olhce Ol
the commissioners in Columbus, Ohio.
r. W. TAYLER, Auditor Of State.
A. p. RUSSELL, Secretary Of state.
O. p. W0LCOTT, Attorney General,
Commissioners Of the Sinking Fund OF the state Of
Ohio. OctlaosW tonovO =.