The daily gazette., 1881-04-04
A RKANsAs.-LoUIsIANA-TExAE az
DELAWARE STATE LOAN.
OFFICE OF STATE TREASURER,
DOVER, Del. April l. 1873

In pursuance of the act entitled IAN
Act To provide for the refund.ng OF the
present bonded debt of this State &C q
lower le OF interest,"" passed at Dover,
noids Stale Treasurer of the State Of
Delaware, do hereby give notice that bids
or proposals will be received Tor the whole
amount OF the loan authorized by said
aci said loan TO be represented by bonds
"f the Stnse of Delaware, OF the denomi.
nation OF one Thousand dollars each, d.
Vlded into three classes, to be designated
as: Series A, consisting of two hundred
and fifty thousauu dollars; series B con-
sistIng of three hu1dred thousand doiIaFEs
series O consisting of one hundred and
sixtY-five thousand dollars, and to bear
Interest at the rate OF four per centum
per ann um, payable semi-anDualiy ON the
first days OF July and January In. each
and every year, viii 6 they remain un-
paid, at the Philadel phia National Bank.
in the city of Philadelphia. on presents
tionofth oupon representing such semi
annual interest. 1he bonds EN- braced
in series A shall be payable on the first
deemed at the option of the State at any
time alter the first day of July, A. d..
1882. The bonds embraced In series ID
shall be pay BILE on the first day of July,
A. D., 1871. but may be redeemed at tue
option Oh tbs state al any time after the
first day OF July, A. D., 1886. The bonds
embraced in series q shall Ge payable OF
the first day of Jolly, A. d., 1901, but may
any time aIier the first day of July, A.
D. 1891, provided, however, that II the
state elects TO redeem any OF the said
bonds, according 10 their tenor, such re-
demption shall be made either on the
first day OF July or January in pursuance
of due nosice 10 be given by the state
Treasurer. The u9nds shall all be stated
the FIR tday of July, A. d., 1881, and shall
De exempt from taxation by the Stale of
Delaware Tor any urposs whatever.
Each bid or proposal must be In writing
and must slate the bidders full name
aud place OF residence, and must be feE
the whole AN cunt of said loau ana
be accom- panied by certified check to
the order of the State Treasurer for fve
per centum OF the bid VIII ch shall be re.
Lained a. security tor the payment of the
residue of the amount bid when the
bonds are ready for delivery. In case the
successful bidder should iall TO comply
with his bid by paying the balaLce there
of when demanded, the said percentage
shall be absoI utely forfeited TO the
state. No bid less than the par
value of the bonds will be accepted.
ALI bijs must be add essed to the Stale
Treasurer OF the state of Delaware
at Dover, and must be indorsed on the
enVe ope. Proposals for Delaware State
Loan" the bids or proposals authorized
by said act VIII be opened. acted on and
disposed OF on the first Tuesday In
May, A. D., 1881, at the hour OF two
o'clock T. NJ, n The office 1.-THE Secretary
# state, in the town OF Dover, by q COM
MISSION appointed for that purpose.
After Tia c said bids shall have been opened
and recorded the said commission shall
award the saii loan to the highest bid
,ier. lu case there shall be Two or more
bids at he same price. the said commits
sion shall apportion the said loan as
nearly equally as may be among the
persons 81 bidding the same price, or
may, at their discretion, having due
regard Tor the best interest OF the State,
award the whole 10 any one oil such bid
ders. After the commission shall have
awarded the loan, II will be the duty OF
the State Treasurer to return 10 all
unsuccessful bi ders The certified checks
received from them respe lively and The
faiih ofthe state Is expressly pledged by
The Sid act for The return of the said
che cks. The successful bidder who shall
comply with his bid shall be allowed
Interest at The rate OF four pc ceDtum per
annCm on the amount oil his deposit from
tne date of the said award until the first
day OF ally, A. d., 1881, the time at which
interest shall begin to accrue on the said
oopds-whtch said said allowance shall
be msds by way OF abatement on me
unpaid balance of his bid. When the
award shall have been made TO the sue
cessiui bidder or bidders oil the loan
authorized by said act ana the said bonds
shall be ready fOr delivery, the state
Treasurer Will cause notice IN writing 20
be served upon sach bidder or bldosrs al
least ten days before the time of delivery
of the bonds indicated in such notice,
which said notice shall state the ldaY
when the bonds will be ready for delivery.
aud the amount of money which such
bidder or bidders will be re qulret to pay
on the day therein named or within i've
days thereafter.
such sum being the balance OF the
amount OF the bid less the amount of the
bidders cash deposit with interest, frOin
the date of the award, on such cash de-
pos t; and upon the receipt of the sum
contained in such notice the bends will
be de ivered TO the successful bidder or
bidders IN the office of the State Treasurer
In the town of Dover.
ROBERT J. REYNOLDS,
state Treasurer.
apl-etRwlmo.