Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1885-04-28
nELAWARE STATE LOAN.

DOVER, DELAWARE April lTth, 1883.
lnuursuaDce Of tho act entitled IAN Act
brrylie for q part Of tho Funded Debt CT
ihlsS,ate, 'psl sci at Dover, April Sth. 1885,
/ Join NJ. Houston, state Treasurer OF the
sla,e VI d laware. do hereby give notice
hat bid. or proposals will lie received for tho
whole amount Of the loan authorized by said
Et sad loan to te represented by bonds OF
theS,ate u Delaware of the denomination
ofone thousand dollars each, whole amount
tens one hundred and twenty thousand
tolar; $40 tOI), and to bear interest ut the
nn Of fur yer centum per annum, payable
NniAnhually on tho first days Of June and
December in each and every year while they
remain unpaid at the philaielphia National
blns, In tie city Of Philadelphia, on presen-
HllOD Of the COUPON representing such eeni
annual Interest. The principal If the said
blds shall be payable on the first day Of
Jane, A. u. 1885, the Philadelphia Nation
al Bank, in tie city Of Philadelphia. on pre-.
nnhlign and surrender Of the said bonds,
bulthe 81 Inc or any part thereof may be 70
deemed ut the o,tlCn o. the State on any
tlSdGy Of d cellhcr, or inst day OF Juno,
if1F the first day Of June, A. ID. 1895, In pur.
hitee q Cue notice ~ TO given by the State
Treasurer, Tho bonds shall all be dated
ne n'I dJ OF June, A. u, 1883, and shall
osezenN from taxation by the state OF
MaTae for any purpose whatever. Each
tdOrprop3fal must he in writing, and must
Hie tho bidders fall name and place of
residence, and must lie .u1 the full amount
G1e loan and every such bid must be ac-
cAiatiLd ~ certilIsd check to the order
utlss'lte Treasurer fer hive per centum Of
mesntlat O. TIE bid, which shall be retain.
llnd net as security Tor ;he compliance OF
ia7i ilei with Ia. undertaking in that be.
l"i ~ case the hilder TO whom the loan
taI 'e aw3ri.i, fails or omits io- ITO space
W M lay after he date Of such award, to
RI !acsta Treasurer tho amount of his
~, ue sali Yer centaga shall DO entirely
M'ie''ei Il the State. 70 rid less than the
tt,,Nee o. u hord5 will be accepted. All
..i gtt be tdrc'sei u tue state Ireasu-
~ ~ :. .e'er. Delaware, and must DO en- Tor
s ,t W tIe CaNcl0le, "PtopJsal for Della
WAY WAY sia;o Liam" Tho LIDS or proposals
s sa..lt lltd ysnd act will be opened. acted
~ \ u! IL 4. sell Of On the sixteeith day OF
a '.;i =, y l6Alat The hour OF Glove o'clock,
:, ~. Ia 'he Clhcc OF Secretary Of State, 10
"a ' n ", = o' never, by II commission appoint
MI NJ ual puFioc. After the said bids shall
1', 'v yuph opened AMI recorded, tho said
snail awar! the said loan to the
nj. I ~ o'dNer, II tIc or more persons shall
~. w 'lie zane amour, flr the said loan. the
,b b,, ..I.alss!o1 SHALL have power and au-
S ~.,n.y 10 award the whole loan to any one
sv" ,Vn; hiter tie commission shall have
Nj, .u g 'hs Ian 1t Viii be the duty Of the
i9SSo,i. i3i.trrer to roturn to all unsuccessful
tbam 'lo certified chc3.s received nom
VIZ =, taesptcuvely. Tho successful bidder
ed i, .nai co,lpiy I'll his bid shall be allow
sns rN'est al The rate Of four per centum per
taies, ". vn ihe cunt of his deposit from the
A VI it si'l award until the tirst day OF June.
balan.o atl also q Ike rebate on the
men, w y, y. his I'D from the date of its pay.
tay al ,ne S.ats Treasurer, until the first
ibis,ao., me an A. ID. lss5, tho time at which
VII cb s, sasii begin to accrue on said bonds.
Q! a6a, ,au allowance shall be made by wny
Nbsr "a. from the amount of HIS hid
been ,r ,''I aSafd Of the said loan shall have
ife9sa,o.epy said commission. the State
seryed r,,, ,aaii Cause notice in writing TO be
an. ala ,he sueco:siu bidder Of the fact.
h, bld tiv my 4'iiy.ng him that the balance Of
State r, "..l NC required to be paid to said
Dover wgIs,ss.urer, at his Off 20 In the town Of
avarI o S' ,ha zen days from the date OF said
ed 70 The MAJ, a, MS cash deposit viii be forfeit.
In sasb upon the recei, o, tho sum conta,no,
The tucca s, ms' me bonds will DO delivered IN
Iienn,osiul bidder Ia the office ot the S,a W
III Inc town Of Dover. '"'s
aQl2, JOHN M. HOUSTON
state Treasurer.