The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-06-06
GRaEED PROPOs.gEsviIl be

& E.4EED PROP OS.zLS will be received
~ bv the Governor Of the State of Indiana, the
Auditor and Treasurer of State,
acting for the Loan Commissioners, at the
Office of the Auditor of State,
in indianapolis, until O'clock P. NJ. of Sat
urday the 22d day of June, 1861, for loanng to the
State Of Indiana the sun of Three Hundred Thou
sand Dollars loss the portion thereof taken by the
Commissioners of the Sinking Fund, being part of
a loan of Two Million of Dollars, authorized by
act of the General Assembly, entitled. I" An Act
TO authorize the Governor to issue Bonds; to APP
point a Board of Loan Commissioners and detin-
ing their duties requiring the Sinking Fund Com
mssioners to purchase Bonds defining their duties
in relation To the interest received on the SAME
and leVylng tax to meet the payment Of the in
terest and principal of the Bonds to be sold -; ap
proved Nay -, 1861.
Such loan to bear interest of six per cent. per
annum, payable semi-annually, the FIRST days
of May and November, in the city of New York,
where the principal is REIN bursable in twenty
years from date, the interest between the date Of
sal0 and payment, and November l. 1861, to be
paid in advance and for the payment of the inter
est and liquidation Of the principal thereof spe-
cial tax of Five Cents on each Hundred Dollars
IN value of the taxable property of the State has
been levied, which tax is by such law to be collect
ed annually, until said Bonds paid redeem
ed. Iii addition to which, regular tax of Two
Cents, and in 1868, and thereafter, of Five Cents is
levied for reducing the State debt, making in all
for the years 1861 and 1892 Seven Cents and for the
year 1868 and thereafter Ten Gents on each One
Hundred characterization Of taxables in the State
applicable to the reduction of this loan.
Bonds payable to bearer, signed by the Governor,
COuntsrgg ned and registered, with coupons for in
terest, in sums of Five Hundred Dollars of One
Thousand Dollars, may be preferred by the bid
der, will be issued for this loan.
Upon the acceptance of any proposal Ten per
cent of the amount of such bid must be paid down,
for which certificate will be given, bearing six
per cent. interest from date; the remainder in
nine equal monthly payments therefor, the
/ whole or any part at such prior dates may be
! preferred by the bidder.
The right is reserved to reject any and all of the
bids, shall be considered wilt promote the best
interest Of the State.
The bids will be opened at one o'clock p. M, on
June 3d. 1861, at the Office of the Auditor Of State,
Indianapolis, in the presence of such persons as
may proper to be present, and the loan awarded
TO the highest bidder if accepted, the Saturday
succeedng-June Goth.
Proposals must be addressed, under seal, to Audi
tor Of State, indianapolis, for the Loan Commits
sioners, marked, proposals for Loan"
In addition to the above $300, 600 the amount OF
81, 100000 in bonds of 81 coo each is also offered OF
all Sl,5O0,0OO now offered Of such authorized
s., 10000
The bids for such last amount will be received
until and opened at Il o'clock NJ, Saturday June
3d. 1861, by the UNDERSIGNED at tie Office of Wins
low, Lanier Co., in said city-4n the presence OF
such persons may proper to be present, and
the loan awarded to the highest bidder if accepted
on the Tuesday succeeding-Juue Is.
The payment down, and subsequent instalmenti
specified above will also be expected, ard in fund
at par in New York, on all proposals accented fol
the loan there offered.
Proposals therefore also invited for any par
Of such Loan offered in New York, which must be
forwarded to be received by the time abOv,
stated, under seal, addressed to tine undersigned
care Of Winslow Lanicr & Co., No 81, Wall street
New York, marked - Proposals for Loan -
JAMES NJ. RAY,
JESSE J. BROWN,
JOHN II. O'BOYLE.
Loan Commissioners.
Indianapolis, May 3d. 1861. juneGd&wtj22