Morning journal and courier., 1882-01-26
finarrtial. N PROPOSALS
 FOR . WATER BONDS.
finautiaI.

Sealed proposals will be received at the office o THE FARMERS LOAN AND TRUST COMPANY, 2t
 Exchange Place. in the city of New York, until
 of Monday the 9th day of February 1882 for the pr
 chase of any portion, all of five hundred thousand
 dollars of the First Mortgage Six Per Cent. Twenty five Years Sinking Fund Gold Bonds issued by the Council Bluffs City Waterworks Company, to aid ir
 providing the for the construction of system
 of Waterworks in the city of Council Bluffs, Iowa. Payment for all bonds allotted must be made direc to THE FARMERS LOAN AND TRUST COMPANY
 by whom the entire proceeds of all the bonds will be
 held trust and paid to the contractors from
 time to time during the construction of the Water
 works, which are to be completed and put into oper | ation on or before January 24, 1885,
 The bonds are in denominations of thousand
 dollars each payable twenty-five years from Oc
 tober 1st, 1881 interest at the rate of six per cent. Fer annum have semi-annual coupons attach ed payable the first days of April and October in each year and both principal and interest are paya ble in United States gold coin in the city of New York.
 Payment of the principal and interest of the bonds is secured by first mortgage, conveying in trust, to The Farmers Loan and Trust Company Cor the city of New York;. 1st The entire system of Waterworka of the Company constructed and to be constructed and all it's property, both real and personal of what kind and nature, acquired and to be acquired in connection herewith in the city of Council Bluffs, Iowa. 2d. The Charter and Franchise, and the Contract with the city of Council Bluffs. Sd. The Income and Revenues derived from water rents, for aoater to be supplied tor to0entyue gears under se cal contract to the city of Council Bfs and for water supplied to consumers for domestic, business manu- featuring, railroad and other purposes. 4th. The Sinking Fund sufficient to pay of and retire all of the bonds on or before their maturity.
 Tha company is incorporated, under the laws of dred and fifty thousand dollars the purpose of in troducng supply of water from the Missouri River into the city of Council Bluffs Iowa. and has the sole and erclSaUe riqt and privilege under special char ter and franchise granted by the city, to lay water pipes, operate waterworks and supply the city and its inhabitants with water for fire protection, for manufacturing purposes and for domestic uses. .~
 The city contains population of about 10000 in habitants It is the eastern terminus of the Union Pacific railway, whose transfer grounds covering about thousand acres within the city limits, are and Stock Yards Seven other railroads centre in the city from the north, east and south namely The Chicago, St. Paul. Minneapolis and Omaha the Chi cago. and Northwestern the Chicago, Milwaukee and St. Paul the Chicago. Rock Island and Pacific; ana Se st. Josep and Council Bluffs railroads The State Deaf and Dumb Asylum is located between two and three miles from the centre of the city. zs s..ss
 By the provisions of the contract with the city of Council Bluffs the Company is to receive at1aeatne toenty years water to be supplied to the city for fire protection and municipal purposes and thas amount IS to 6e increased from ta7ne to 12ae heTeGJtf aa additional hydrants required. The validity of the contract has recently been unanimously affirmed by the Supreme Court of the s4ate of Iowa.
 The leao revenue from water rents for water to be supplied to consumers for domestic, business manu- featuring, railroad and other purposes and to the city for fire protection and municipal purl it is estimated will amount to the of $92,600 yearly The interest and sinking fund charges amount will to the sum of SAC, ,250 yearly.
 Proposals should be endorsed Proposals for Water Bonds' and should be enclosed in an envelope ad- dressed to the Council Bluffs City Waterworks Com pany, at the office of The Farmers Loan and Trust Company, 26 Exchange Place, New York.
 { Each proposal should state the amount of bonds required and the price the bidder is willing to pay for each bond of one thousand dollars, the accrued interest of which must be added thereto, and should be accompanied by a check certificate of deposit, payable to the order of The Farmers Loan ana Fnst Company, for a sum equal to ten per cent Of the amount of the bid. #a .E.E. s#
 Bids will be opened Monday, the 9th day of Feb ruary 1882, at the office of The Farmers Loan and Trust Company, and the allotment will be made and due notice thereof sent to the successful bidders i'm meately thereafter. Checks and certificates of de- same time be returned by the Trust Company. The remaining ninety per cent of the purchase money on the bonds allotted together with the accrued interest thereon, will be due and payable to The Farmers after. Upon the receipt of each final payment the Trust Company will deliver the bonds pertaining thereto, to the purchaser or to his order.
 The right is reserved to reject any and all bids not deemed for the best interest of the Company.
 ! Blank proposals, also pamphlets containing copies of the Articles of Incorporation Charter Franchise Contract with the city of Council Bluffs, Report of the Engineer, and Mortgage, can be obtained on ap- plication to THE FARMERS LOAN AND TRUST COMPANY 26 Exchange Place; MEssRs. sEWELL x PIERCE, ATTORNEYS AND CoUNsELLoRs-AT-LAw, 206 Broadway J. B. McGEORGE, 20 Broad Street or at the office of the Council Bluffs City Waterworks Company, 35 Broadway, New York.
 By order of the Board of Directors.
 J. HERvEY DEAIAREsT, SECRETARY.