Daily Republican., 1885-04-22
DELAwARE STATE LOAN.
DFFlCE OF STATE TREASURER,

IL OFFICE OF STATE TREASURER,
DOVER, DELAWARE April 18th, 1883.
N Pavsu.n.s OF the act entitled An &c.
q provide for pat Of the Funded Debt OF
this S.ate,' psssei az DoveI, April A. 1855
|. John NJ. Houston, STATE Treas irer Of tn /;
state OF Delaware, do h,reoy give noti,e
that bids or proposal will lie recsiveI tor tho
shols amount OF thu loan AUTHORIZED oy said
act, said loan to be represented by b0nis Of
The State o; Delaware of the dea mlna:ion
of ono thousand dollars each, whole amolat
being one hundred and twon y thousand
dollars Is 20, O00), and 10 be II Interest " the
rae Of four per centum pe- aanUm, payable
semi annually on the rrst days OF June and
December Ia each an every year whils they
rem ,in unpaid at the Phlla lei Ihit Ltonat
Bank, In the city OF PAila 1elphlg, o n pfcsen-
tatiol Of the coupon representiax suca sent
annual interest. The principal of the said
bonus shall be payaois on the tirst day OF
June, A. u. 1905 tho Phil ldelphil Nation
al Bank, IN the city Of Philadelphia, oa PIE.
stntatl0n and surrender of the said bonds.
but the same or any par, thereof may be rs-
deemed at the option OF thu stats on any
tret day OF ID eember. or INST day Of June,
after the tlrst day OF Juno, A ID tS9S. In pur.
sulncs CT duo notice 70 be given by the state
treasurer. The bonds shall all be dated
the f ST day of June, a. u. ISIS, and shall
be exempt nom taxation By the State Of
delaware for any purpose whatever. Each
bid or proposal must &c In wrlti5g, and mus
stite tho bidders fall name AID place OF
| e
OF the loan and every slch bid MUS. be oe-
companied by q certified check to the order
Of tao st tie Treasurer for tive per centum OF
the amount OF the bid, which shall be retain
cd and held as security Tor the compliance 0.
the / Icer with his undertaking in that be-
half. IN care tie binder 10 WHOM the loan
shall he awarded, falls omits f0- the spac
OF ten days after The date Of such award, To
oaJ the State Treasurer the amount CT his
b.5, the sati per celtage snail be entirely
. o. HE..f y Nas Il r.-r 49,. 81 -.
sar value Of Ii @ bonds will 10 accepted. All
2 ~ re ddressed TO the State rrcasq-
re-, 8si Cfe- Delaware, and must be entcr-
.ea o. .la c-veiot c, b" Proposal for Della
Narc "a J can Tho bids or proposals
tat.3i..pi j sid set Will be opened, ac' ed
q q dG2 :! ! sod Ct CL tho sixteenth day OF
day, y. J.. SIS at the hour Of eleve O'Clock
,. n III tie o!tice % Secretary OF State, IL
| the tom Of Dover, o. a commission appoint
! ed FOR that pu-;o e AFTER the said bids sh,l,
have been opened AMI recoried, the said
commission shall awarl the said loan to the
highest bidder. 1.-two or more persons shall
Did the same amount for tho said loan. the
said commission shall have power and az
lhority to award the whole loan to any one
OF them. Atttr the commission shall have
awsried the | al VIII be The duty OF the
STATE 1re>suror 10 roturA 10 all unsuccessful
bidders tile ceItiGed chccGs received fem
| them respectively. The successful bidder
who shall comply Til his bid shall be allow
|
| annum OF the anCant Oi his deposit from In :
| cate OF said award rH.il the trst day OF June.
A. ID. 1850. and al.o a Ike rsbat3 on tao
oa ante 0! his bid from the date Of Its pay.
ment to the S.ate Treasurer, until the Il ~
day OF June, A. y. l555 the time at which
Interest shall begin TO accrue on said oonis
VIII ch said allowance sh Ill be made by way
OF abatement from the amount CT his bid
u hen the award If the said lean shall have
betn made by said commission, the Etats
| treasurer shall Cause notice IN writing to b(
served upon the succe' sful bidder Of tho fact
ana also notifying HIN t5at the balance o.
MS bid will be reqiirsd u be paid to SAID
STATE Treasurer, at mis- 9th e In the town o
Lover, within ten days from the date OF I'D
award or that his cash deposit viii be io.feit
Cd TO tic State,
aai Jpn the receipt 0, the sum con:aine,!
Il sch 70 ice, the ms will be delivered 10
The u co-s.i! oder in The ttcs o: the State
treasurer L he town Of Dover
JOHN NJ. HUJ SION,
az y. state treasurer.