The daily gazette. [volume] (Wilmington, Del.) 1874-1883, 1881-04-19
STATE LOAN.
OFFICE OF STATE TREASURER,
DOVER Del April lSSl

ASON hRht SPNAst 1RiAA 1904.
In pursuance of the act entitled IAN
Act to provide for the refundipg OF the |
present bonded debt OF this state at a
lower rate OF Interest," passed al Dover,
March l8, A. D., 1881, /, Robert ]. Rey- |
noids, state Treasurer OF the state of |
| Delaware, do hereby give notice that bids |
| or proposals will be received for the whole |
amount of the loan authorized by said
| act, said loan TO be represented by bonds
i Of the State of Delaware, of the denomi-
/ nation of one thousand dollars each, d.
| vided into three classes. 10 be designated
| as: Series A, consisting OF two hundred
/ and fifty Thousand dollars; series con-
| siBtIng of three hundred Thousand dollars:
| series @ consisting Of one hundred and
sixts-five thousand dollars, and to bear
| interest at the rate OF four per centum
per anpum, pay able semi-annuaily on the
| first days of July and January In each
aud every year, while they remain I'M
| paid. at the Philadelphia National Bank
| in the city of Philadelphia, on prekenta-
tionof the coupon representing such semi
annual interest. The bonds EN- braced
in series A shall be pay able on the first
day OF July, A. D., 1883. but may be re-
deemed at the option OF the State at any
time after the trni day of July, A. D..
1852. The bonds embi aced In series
shall be pay bic on the first day of July,
A. D., 1891. but may be redeemed at tue
option OF the state at any time after the
: first day OF July, A. d., 1885. The bonds
embraced In series Z shall be payable on
the first day of July. A. d., 1901, but may
be redeemed at the option OF the Stale at
any time afer the first day of July, A.
d. 1891, provided, however, that II the
] | State elects to redeem any of The said
I bonds, according 10 their tenor. such re.
demption shall be made either on the
5 first day OF July or January IN pursuance
! | of due no.ice 10 BE- given by the state
: | Treasurer The bends snail all be stated
, | the fir tday of July, A. D., 1881, and shall
be exempt from taxation by the Sta'e of
Delaware Tor any purpose whatever,
Each bid or proposal must be In writing
and must slate the bidders full name
e and place OF resid nee, and must be for
Z the whole an cunt OF said loan and
4 | be accompanied by certified check to
the order OF the State Treasurer for five
o per centum of the bid VIII ch shall be re-
: tslned a. security Tor the payment of the
IS | residue OF the amount bid when the
bonds are ready for delivery. In case the
II successful bidder should fail to comply
with his bid by paying the baiaLce there
+ of when demanded, the said percenta age
shall be absolutely forfeited TO the
! state. No bid less than the pAl
II value of the bonds Will be accepted
ut Treasurer OF the State of Delawar,
D. at Dover, and must be Endorsed on tn,
envelope. Proposals for Delaware Stat
es Loan: The bids or proposals authorized
I'd by said act, win be opened acted on ant
D., disposed of on the frat Tuesday Ii
or May, A. D., 1881, at the hour of tw,
O'Clock p. M, in the Office ofthe Secretar.
at mission appointed for that purpose
After the said bids shall have been open e.
and recorded the said comm sion shat
award The SAID loan TO the highest bid
der. In case there shall be two or NOR
~; bids at the same price, the said com m ii
~ sion shall apportion the said loan a
To nearly equally as may be amopg til
%, persons SO bidding the same price, Z
.et may, AT their discretion, having du
regard tor the best interest of the SIT
- award the whole to any one OF such bic
awarded the loan, IL will be the duty
the State Treasurer to return to a
unsuccessful bi, ders the certified checl
. received from them respe ttively and Ii
ats the said act for The return of the sa
ty, checks. The successful bidder who sha
by comply with his bid shall be allow,
re- Interest at the rate OF four per ceptum p
era annnm on the amount of his deposit fro
bhe the date of the said award until the fir
re, gay OF ) niy, a. D., 1881, the time at whit
ted interest snail begin to accrue on the sa
ich bonds-which said said allowance shs
8 of be made by way of abatement on b
all unpaid balance of his bid. When q
as award shall have been made to the an
an cessfui bidder or bidders OF The 10,
md authorized by said act and the said bon
be shall be ready for delivery. the sta
the treasurer wiz cause notice In writing
aed | least ten days before the time of deiiye
OF the bonds indicated In such mott,
Zeal which SAID notice shall state the Id
etle and the amount of money which sn
owe bidder or bidders will be required to D
II. on the day therein named or within d
days thereafter.
Such sum being the balance of /
- amount OF the bid less the amount of
~. 1he bidders cash deposit with interest, fro
t tne the date of the award, on such cash I
Us Us | pos Z; and upon the receipt of the Sc
~. aI contained in such notice the bends "
De delivered TO the successful bidder
bidders in the office of the State Treasu
= in the town of bower.
a. ROBERT J. REYNOLDS.
apl-2tawlmo. ~ saA -