The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-01-26
PROPOSALS
BONDS.

Sealed proposals will be received at the office Of
26 Exchange place, in the city of New York uutii
noon of Monday, the sixth day of February. 1882,
for the purchase Of bs Or an o.
Six Per Cent. Twenty-Five Years. Sinking Fund
Gold Bonds, issued by the Council Bluffs City Water
Works Company, to aid in providing the means for
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 COM
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 construction
of the Water Works, which are to be completed and
put into operation on or before January "A, 1858.
The bonds are in denominations of one thousand
dollars each; are payable twenty-five years from ol
per cent. per annum; have semi annual coupons
attached payable on the first days of April and Oc
tober in each year; and both principal and interest
payable 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 (of the city
of New York;. 1st 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 Nhatsoever kind and nature, acquired and to
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 Council
Bluffs. 3D.. The Income and Revenues derived
from water rents for aoGter to be supplied for tacety
ire gears under special contract to the city of
Council Bluffs, and for water supplied to consumers
for domestic business manufacturing, railroad and
other purposes 4th. The Sinking Fund sufficient
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
bred and fifty thousand dollars, for the purpose of
introducing supply of water from the Missouri
River into the city of Council Bluffs, Iowa. and has
The sole and erctnsice right and privilege under
special charter and franchise granted by the city
to lay pipes, operate water works, and supply
the city and its inhabitants with water for 1re pro-
tection for manufacturing purposes, and Tor DO
nestle uses.
The city contains population of about 10000
inhabitants. 1t is the eastern terminus OF the Union
Pacific Railway, whose transfer grounds, cover
ing about thousand acres within the city limits,
located the large Union Depot, Hotel, Grain
Elevator and Stock Yards. Seven other railroads
centre in the city from the north, east and south,
Or aha; the Chicago and Northwestern, the Chic
ago, Milwaukee Sand st. Paul; the Chicago, Rock
Island and pc the 81 Chicago an Burlington Paee
and the Kansas City, st. Joseph and Council Bluffs
Railroads The State Deaf and Dumb Asylum is To-
Gated between two and three miles from the centre
of the city.
Council Bluffs the Company is to receive Aluminium
sum Of taoenty thousand datGrs yearly for period
of Twenty-Five gears for water to be supplied to the
city for fire protection and municipal purposes and
this amount is to be increased from time to time
hereafter as additional hydrants are required. The
validity OF the contract has recently been unani-
mously affirmed by the supreme Court Oh the state
of Iowa.
The net revenue from water rents for water to be
supplied to consumers for domestic business, manu-
featuring rail Dad and other purposes and to the
estimated will amount to the sum of $92 500 yearly
The interest aud sinking fund charges will amount
to the sum of $40, $50 yearly.
Proposals should be endorsed proposals for
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 be added thereto and should
be accompanied by check 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.
February, 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 bid
ders Immediately thereafter. Checks and certif-
Gates of deposit received from unsuccessful BIDDERS
will at the same time be returned by the Trust
purchase money on the bonds allotted together with
the accrued interest thereon will be due and paya
BILE to The Farmers Loan and Trust Company with
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
application to THE FARMERS, LOAN AND
TRUST COMPANY, 26 Exchange Place; MEssRs.
SEWELL q PIERCE, ATTORNEYS AND COUNSEL
LoRs AT LAW, 206 Broadway: j. b. MCGEORGE,
20 Broad Street, or at the office of the Council Bluffs
City Water Works Company 30 Broadway, New
York.
BY order of the Board of Directors.
j. HARVEY DEMAREST, SECRETARY.
jan25 d3t