New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-04-27
DELAWARE STATE LOAN.
~ oYYIcE or STATE TREAsuRXR

DOVER, DBL, April |, lssl.
for the rounding OF the present bonded debt o. this
t. & f55 r. q aSy: SsnS9
Of the state e DcsSse DO hereby give notice hat Sa or
authorized By said act said loan to be represented BY bonds
dollars each DIVIDED into three essses to be dssnsted as
Series consisting Of two hundred and nifty thonsHnd dear
G. consisting Of hundred and sXtyhye thousand dollars,
anas y f the Is' pei Sy
dcpha National Bank in the Iy Of PSsdsphis on press
alion Of the coupon rpeseutng such seuannua interest
day Ja a. r lssg Gu. may 9o e. at the option Of
s sons az IA s a o H dy Bsi, a. on me Ia
day Of July D. 1891 but be redeemed at the option Of
J9iy a. b. iaoi but NAV be reIcened IL al the option
Of the any time the day OF July 1891
Provided however that the state elects % redeem any Of
shan be made either on tho lat days Of July or January in
e Son 81 s PP be- the Eda ny and
shall he exempt from taxation by ihe state Of Delaware for
Writing and must state the bidders iu name place o.
be accompanied by certified check the order Of The
at as M Tor the paymn o the residue Of the
n an ~ ~nI d y os5 a 70 yompv b hi. lid Ly
paying me balance thereof when demanded the said percent
than the par value Of bonds will accepted An bids
wslg at DONnr am us Ve inn on T en m pnoai
authorized by said act be opened acted and disposed
on oc tsS lH9' 1 ce 9 the Secretary n Of ss
In the town Of Dover by commission appointed for that Pnr
After the said bids shall have been opened and re-
Commission shall award the said loan 10 the
highest bidder there shall De bids at the
price the said Commission shall appOrtion the said loan
nearly equal be among the persons - bidding the
price, ut their discretion having due regard for
the best Interest Of the state award the whole TO any one OF
bidders After the Commission shall awarded tho
will be the duty ~ the state return To all
bidders the certified checks received from them
respectively and the faith OF the state expressly pledged by
said act for the return Of the said checks The successful bid
der who shall comply with his bid shall be allowed interest
a. the rate Of centum annum the amount OF his
deposit from me date q the said award until me h day Of
bonds which said allowance shall he made by
way Of abatement the unpaid balance Of his bid When
The award shall have been made to the successful bidder or
bidders Of the loan authorized b. said act and the said bonds
shall he ready for delivery the state Treasurer will cause
notice in writing 10 be served such bidder bidders At
least days before the time Of delivery OF the bonds
indicated In such notice, which said notice
FOR delivery and the amount Of money which such bidder or
bidders viii be required the day therein named
within days thereafter. such sum being the balance ~
the ~ the bid less the amount Of the bidders cash
deposit interest from the date Of the award snch cash
deposit And upon the receipt u the sum contained IN such
notice the bonds will be- delivered 10 the successful bidder OF
bidders Office Of the state Treasurer IN the town Of
Dover ROBERT j. RENNOLDS state Treasurer.