The Portland daily press., 1882-01-25
NEW ADVERTISEMENTS
PROPOSALS
WATER BONDS.

Sealed proposals will be received at the office O
26 Exchange place. in the city OF New YORK, uut III
noon of Monday the sixth day of February. 1852
fUr Ia thonsand dollars Of the First Mortgage
Six Per Cent. Twenty-Five Years Sinking rune
Gold Bonds issued by the Council Bluffs City water
Works Company, to aid in providing the means ior
the construction of system of Water Works in the
city of Council Bluffs, Iowa.
Payment for all bonds allotted must be made dir
ect to THE FARMERS LOAN AND TRUST CUM
PANY, by whom the entire proceeds OF all the
bonds will be held trust and paid over to the con-
tractors from time to time during the constructor
of the Water Works which are to be completed ano
put into operation on or before January "a, 1000
The bonds are in den ominations Of one thousand
dollars each; are payable twenty.nve years ~ si
per cent. per annum; have semi annual coupons
attached payable the first days OF April and NC.
tober in each year, and both prnepai anu tha ev
of New York.
Payment of the principal and interest of the bonds
is secured by first mortgage, conveying 10 trust 70
The Farmers Loan and Trust Company (of the city
of New York;. LIST. The entire system OF water
works of the company, constructed and to be con-
structed and all its property both real and person
al of whatsoever kin and nature, acquired and q
be acquired in connection Herewith in the city OF
Council Bluffs Iowa. I'd. The Charter and Fran
chise and the Contract with the city OF Councll
Bluffs. Sd. The Income and Revenues oerlveo
fue gears under special contract, TO the csty o.
Council Bluffs and for water supplied to consumers
for domestic business, manufacturing railroad and
other purposes. 4th. The Sinking Fund sufhc,ent
to pay off and retire all of the bonds on or before
their maturity.
The company is incorporated, under the laws OF
the State of Iowa, with capital stock OF seven hun
dred and fifty thousand dollars, Tor the p1rpose q
introducing supply of water from the Missouri
River into the city of Council Bluffs, Iowa. and mas
the sole and exclusive right and privilege under
special charter and franchise granted by the city
to lay water pipes operate water works, and supply
the city and its inhabitants with water for ire pro
lection, for manufacturing purposes. and for DO
nestle uses
The city contains population of about 10000
Inhabitants 1t is the eastern terminus OF the Union
Pacific Railway on whose transfer grounds, cover
ing about one thousand acres within the city limits
are located the large Union Depot, Hotel, Gram
centre in the city from the north, east and south,
namely the Chicago st. Paul, Minneapolis ana
On aha; the Chicago and Northwestern, the enc
AGO Milwaukee land st. Paul; the Chicago Rock
Island and Pacific; the Chicago Burlington
and Quincy; the Wabash, st. Louis and Pacific
and the Kansas City. st. Joseph and Council Biuns
Railroads. The State Deaf and Dumb Asylum Is To-
Gated between two and three miles from the centre
of the city.
BY the provisions of the contract with the city OF
Council Bluffs the Company is to receive minimum
sum of trenty thousand dattars yearly tor Per.1d
of ttcenty gears for water to be supplied to the
city for fire protection and municipal purposes, ana
This amount is to be increased from time to time
hereafter as additional hydrants are required Ihe
mously affirmed by the Supreme Court OF the State
of Iowa.
The net revenue from water rents for water to be
supplied to for domestic, business, manu-
featuring railroad and other purposes, and to the
CITY for fire protection and municipal purposes, 1t
estimated will amount to the sum OF S9z 6Oo yearly
The interest aud sinking fund charges VIII amount
to the sum of SAC, $50 yearly
Water Bonds" and should be enclosed in an envel-
epe addressed to the Council Bluffs City Water
Works Company, 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 check or certificate OF deposit
payable to the order of The Farmers Loan and
Trust Company, for sum equal to ten per cent Of
the amount OF The bid.
Bids will be opened on Monday, the 9Th day OF
February, 1882, at the Office of The Farmers Loan
and Trust Company. and the allotment Will De maze
and due notice thereof sent to the successful bid
ders Immediately thereafter. Checks and cerun-
Gates of deposit received from unsuccessful bidders
will at the same time be returned by the Trus,
purchase money on the bonds allotted, together Will
the accrued interest thereon, viii be due and paya
BILE to The Farmers Loan and Trust Company with
in sixty days thereafter. Upon the receipt Of eacf
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 moi
deemed for the best interest of the Company.
Blank proposals, also pamphlets containing copie:
of the Articles of Incorporation, Charer Franchise
Contract with the city of Council Bluffs, Report d
the Engineer, and Mortgage, can be obtained OF
application to THE FARMERS LOAN AM
TRUST COMPANY, &c Exchange Place; NJ EssRs
SEwELL & PIERCE, ATToRNEys AND COUNSEL
LoRs AT-LAw, 206 Broadway: j. B. MoGEORGE
20 Broad Street; at the office of the Council Bluff
City Water Works Company, 50 Broadway, New
York.
BY order of the Board of Directors.
j. HARVEY DEAfAREST, SECRETARY.
jan25 DIT