Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-07
UTAH BONDS FOR SALE.
Three Hundred ThouSHnd $780,
goo; Dollars of Five tSl Fer Cent.
Utah Territory Bends for Sale.


U'HE UNDERSIGNED. IN PURsu-
l. anec OF the direction Of The Loan Com
missioners of the Territory OF Utah. hereby
adveriIses that bids viii be received at his
ofiicc in the city OF -alt Lake, said Tern
tory, until L O'clock. noon, % the 5lst day
OF May, lslo. for The purchase Of. am Al
which time sale Of me bonds hereinafter
described wall be made. namely. Three
hundred bond. each OF the denomination
Of 81 60, 81 tiie erErayei neSstisbie com
pound honds Of said Tci rItoEy. bearing ave
per eentum iniciest per annum, payable
semi snnaaliy. on the fret days Of January
and July of each year. at the n -e-et
National Bank IN said city, or ~ such bank
~ the city Of New York. Ia the state Of
New York as may be drsieraied by said
loan Commissioner. at the option Of the
purchasers Of said bonds.
The principal OF SAID bonds shall DO nay
able IN the lawful money q the United
siafes. within tHerty years after the date
OF theirissue. b-t rcdccmablo ut the pleas
ure Of the TeTnt u after ten seaTs from
date, II "A provided 40 The law, ina; at tie
crpiration OF ten yeArz alter the issuing OF
saId bond-. there y setapart and aFprouri
AZ q out Of the general funds IN The hands
Of the Territorial Treasurer % sait Tern
Toy annually not lees than sl5,oSc. TO he
placed by The said treasurer in \ fund TO b
known ~ ihs redemption fund.-" for the
redemption Of SAID bonds- And II l. also
further provided that Whenever. after the
/ expiration 90 ten years from the date Of
the issuance Of said Eonds, thcre - Gvail-
able IN said redemption fund the sum Of
Sl5,ove or more. Il shall te the duty Of said
treasurer TO advertise tho amount u money
~ The aid r. denption fund aut tire nun
her % bends. numbering thcsn IN the
oder OF their issue. commencing at
tire highest rumber then outstanding.
which such fund = set apart 10 pay
ard dis-hafEe. and the date when they
wall be paid, and ifsuch bonds 80 numbered
In snch advertisement shall not lie pre-
sentcd for payment aud cancellation az the
expiration u he date mentioned In such
advertisement. then such fund shall remain
in the treasury otthe I erriiory 10 discharge
Etich loud whenever presented fof pay
ment. bug such bond III II draw no interest
Siler the expiraii0u OF SAID advertisements
In no case viii aid bonds be sold for less
tnAn their face or par value andthe accrued
interest At the time OF payment therefor.
Tue award 81 purchase OF said bonds will
be made 10 the highest bidder, but before
making any award. security viii be re-
quired OF the successful hidder for com
piianrc with the terms OF his bid. and SAID
loan commissioners reserve the right to
reject any ard oil bids
The bppds offered are TO be issued for
the brtfding Of educational and charitable
Institutions. for which appropriations have
been made By the Governor and Legislative
Assembly Of said Territory, and b. suthor.
ity and IN pursuance OF an nc; Of the Cover
nor AID Legislative Assembly. entitled AN
act providing for negotiating loan for
eertsin public purpose" approved March
u. is90 The I-rr1tnry has ! bond.
ed debt Of one hundred asd hfty
thousand dollars. and BY an act
OF Congress approved June -. lssi Is
restricted to creating ANY bonded inhabited
c1ness except for chafitable and edrca-
uonal institutions. and Is limited IN lfs
power 10 create Indebtedness for any par
pose exceeding ! per cent OF its tzxatie
valuation a. shown By the last Assessment
OF It's taxable property for territorial and
coustT purposes. Any indebtedness Al.
tempiedto he created IL eacess thereof IL
declared void These bonds are exempt
b las from taxation for any purpose with
~ tho Territory.
BOLIVAR ROBERTS.
Territorial Treasurer