The daily gazette., 1881-04-01
NEW ADVERTlSRa1ENTs.
RN.AwARE STATE LOAN.
0FFIoH OF STATE TRHAsURHR, 1
DOVER, DEL. April 1. 1881. I

/ In pursuance OF the act entitled IAN
present bonded debt of this state II st "a =
lower rate Of interest,"" passed at Dovor.
March le, A. D., 1881, I, Robert ]. Rey.
nolds, State Treasurer OF the STATE OF
or proposals will be received for the whole
amount OF the loan authorised by said
| act, said loan TO be represented by bonds
OF the state OF Delaware. OF the denomi-
| vided into three classes. to be designated
| as: Series "A, consisting OF two hundred
| and nifty thousand dollars; series B con-
series O consisting Of one hundred and
sixty-hve thousand dsllers, and to bear
interest at the rate OF four per centum
per per annnm, d q payable semi-annsally ON the
and every year, while they remain 'uSa IN.
paid, ct the ehifadslphia National Rank.
In the city OF Philadelphia. on presenta-
sn0d the ,Ssrpos coupon rspressntine such semi.
in series A shall be payable ON the frst
day OF July, A. D., 1885, but may be re-
deemed at the option Of the State ct any
tame a1.er Hhe b6nds sns nr.t day Of July A. D
shall be payable ON the 1rst day OF July,
A. D., 1eel, but may be redeemed st the
option OF the state ct any time after the
snbfsced In series shall iiIS Be- payable pay Sn1 On
the nrst day OF July, A. D., 1901, but may
be redeemed at the option Of the state St
any D1 time after the first day Of July, A.
State elects to redeem any of the said
bonds, according to their tenor, such re-
demptlon shall be made either on the
of dSs nosce 70 be- RVen pshs stsss
Treasurer. The bends shall all be stated
the flrst day Of July, A. D., 1881, and shall
be exempt nom taxation by the State OF
Eaah bid or proposal must be in writing
and must state the bidders full name
| aud place OF residence, and mast be for
ns n SIn b1 81 s9S aoSH eGa
| the order Of the State Treasurer for fivo
| per centum OF the bid which shall be re-
Iained ~ security for the payment Of the
bends are ready for delivery. In case the
successful bidder should fail to comply
with his bid by paying the balance there
Shall be forfetpe6 % tSs
State. No bid less than the par
value OF the bonds will be accepted.
All bids must be addressed 70 tho State
at Dover. and must be indorsed on The
envelope. Proposals for Delaware state
Loan" The bids or proposals authorised
By said act. viii be opened. acted on and
May, A. D., 1881, at the hour OF two
o'clock P. M. IN the ONCE fthe Secretary
OF State, In tAs town OF Dover, by eom-
mission On appointed RE p INT 4 for that purpose;
and recorded the said commission shall
award the said loan to the highest bid
der. In case there shall be two or more
a. shs the sSs 'G sss q
nearly equally as may be among the
persons 80 bidding the same price, or
may, at their discretion, having due
award the whole to any one OF such bid
ders. Affer the oommission shall have
awarded the loan. 1t viii be the duty of
ns biodsrs the osred ~
recetved nom them respectively and the
faith ofthe State ID expressly pledged by
sso TSe TSs bddap % % ins Ssl1
comply with his bid shall be allowed
interest ct the rate Of four per centum per
annum on the amount of his deposit from
day Of July, A. D., 1881, the time at which
interest shall begin TO accrue on the said
bonds-which said said allowances shall
be made By way OF abatement on the
award shall have been made to the auc-
cessfui bidder or bidders OF the loan
authorised by said act and the said bonds
shall be ready for delivery, the State
be served upon such bidder or bidders at
least ten days before the time OF delivery
| Of the bonds indicated In such notice,
when the bonds will be ready for delivery.
and the amount of money which such
bidder or bidders will be required to pay
ON the day therein named or within hve
days thereafter.
such sum being the balance Of the
amount OF the bid less the amount Of the
bidders cash deposit with interest, froaa
the date OF the award, on such caah de-
pos.ti and upon the receipt OF the SUM
contained In such notice the bends WILL
he delivered to the successful bidder or
oidders In the ONCE ofthe State Treasurer
In the town OF lover.
ROBERT ]. REYNOLDS,
Stats Treasurer.