The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-04-01
COALTER & SNELCR0VE.
same number of the bond to which they

same number of the bond to which they
are attached.
The said coupons shall cover the in :
terest expressed in said bond from the
date of the issue until paid; out in no
case shall said bonds bear interest nor
shall any interest be paid thereon for
any time before their delivery to the
purchaser as hereinafter provided.
Sec. 5. Whenever the said Loan
Commissioners shall have arranged to
make 10 IN CT S III sum OF one hundred
and fifty thousand dollars, or any part
thereof, they shall direct the Territorial
Treasurer to advertise for sale of the
| ponds to be issued Tor that purpose, by
| causing q notice of said sale to bs pub =
| lished for the period of one month in
| three daily newspapers published in
/ Salt Lake City, the capital Of the Terri
| tory, and at least ten insertions in q
| newspaper published in New York City
! in the State of New York. in the city of
San Francisco, State of California, and
in the city of Boston, State Of Massa--
| chusetts. Such notices shall specify
| the amount of bonds to be sold, the
rate of interest they shall bear, the
place, day and hour of sale, and that
bids will be received by said treasurer
for the purchase of said bonds within
one month from the expiration of said
publication in Salt Lake papers, and at
the place and time named 10 said
notice, the said tTeb surer and loan
commissioners shall open all bids re
celved by them, and shall award the
purchase of said bonds, or any part
thereof, to the highest bidder or bid
ders therefor; but IN no case shall said
bonds be sold for less than their face or
par value and the accrued interest at
the time of their disposal, prOvided,
that said loan commissioners shall have
the right 10 reject any and all bids; and,
2)rOr5deG, further, that thew may refuse
10 make any award unless sufficient
security shall be furnished by the bid
der or bidders for the compliance with
the terms of their bids.
SEC 6. When sale of said bonds or
any of them shall be awarded by the
loan commissioners, they shall pro-
vide the necessary engraved bonds,
as in this act provided, and any
expense incur ed by them fer the
publication of said notices, costs of re-
uniting funds for the payment of
interest or money on said bonds and all
other incidental! expenses under the
PIOFiStOBS VI GDio NV Sudlt DS OUG
of the general fund of said Territory
upon the order of the Territorial
uditor and a sum of money sufficient !
to cover said costs and expenses is |
hereby appropriated out of said funds.
They shall from time to time sitter /
signing said bonds, deliver them to the |
Terrirori4l Treasurer, taking his receipt |
therefor and charge him Herewith; |
before the issuance of any such bonds
tie said Treasurer shall sive to the Ter
rltory of Utah en- additional official
bond with two or more sureties in the
SUM of One Hundred and Fifty |
Thousand Dollars. which bond shall be |
approved by the Governor snd deposited
and filed with the Secretary OF the Ter
ritory and recorded by hun in book
TO be kept for that purpose. And the
said Treasurer shall stand charged upon
lis official bond for the faithful per-
ormance of the duties required of him
lnder this Act.
SEC. T. The Territorial Auditor shall
iraw his warrant on the Territorial |
Treasurer payable to the order of said |
Treas urer for the amount OF interest |
which shall fall due on the first day of