Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-19
UTAH BONDS FOR SALE.
Three Hundred ThouSand gs3oc,.
900, Dollars Of Five 81 Per Cent.
Utah Territory Bonds for = ale

THE UNDERSIGNED, IN PURsU-
i ance Of the direction Of the loan Com
missioners % the Territory OF Utah, hereby
advcrtlses that bids viii be received a. his
Office IN the city % salt Lake, said Tern
torv, between y O'Clock noon Of June l1th.
i-9u. and u O'Clock noon Of July leth,
$50, for .he purcha-e Of, and u
which time a sale u the bonds hereinafter
described vii 5e made, namely. Three
hundred bonds, each % the denomination
Of 81 COZ, OF the engraved negotiable com
pound bonds Of said Territory. bearing i've
per centum Interest per annuHl. pay bic
semi-annualiy, on the ir-t days Of January
and July Of each year, at the D-serct
National Bank in said city, or 81 such bank
in the city OF New York. 10 the state %
New York. a may be designated by aid
Loan Commissioners, AZ the option Of the
purchasers Of said bonds.
The principal Of said bonds shall be pay
able IN the lawful money o. the United
Of theirissue. hui redeemabie at the pleas
ure OF the Territ y after ten years from
date. IL is provided in the Law. that AZ the
expiration Of ten years after the issuing Of
said bond, there l. setapart and arpru:ri.
atcd out Of the general funds in the hands
Of the Territorial Treasurer OF saId Tern
tory annually not less than sl5,oso. TO DC
placed by the said treasurer in fund to be
known a. the redemption fund for The
redemption OF -aid bonts- And u Il also
expiration OF ten years from TIRE date %
the Issuance Of said bonds, there D avail
able IN said redemption fund the sun u
Sl5oQa or more. u shall oe the duty OF SAID
treasurer 10 adveTtze the amount q none
IN the said redemption fund and the nuns
Der Of bonds. numbering them in the
order OF their issue. commencing Al
the highest numl-eg- then outstanding.
which such fund . set apart 20 pay
ar d discharge. and the cate when they
IN such advertisement shall not be IRE
seuied for payment and Cancellation at the
expiration % the date mentioned IN such
advertisement, then such fund shall remair
in the treasury Of the ] erritory u discharge
such bond whenever presented fog pay
ment. but such bond 81 u draw no inferra
after the expiration Of said advertisement
In no case viii said bonds be sold Tor les
than their face or par value and the accrued
interest AZ the time Of payment therefor
The bids viii be opened and sales made "a
the highest bidders Al twelve O'Clock noon,
July 18th. l-ao, a. ny Office IN sal. i axe
City. Utah. but before making any award
security Will be required o. the successful
bidder for compliance with the terms Of hi.
bid, and said loan commissioners reserve
the right 10 reject any and all bids
The bonds offered are 20 be issued z ]
the building OF educational and charitable
Institutions. for which appropriations hsvc
been made BY the Governor and Legislative
Assembly Of said Territory. and By author
Ity and IN PURSUANCE OF an act OF the Cover
nor and Legislative Assembly, entitled ar
act providing for negotiating loan foi
certain public purposes" approved March
y. 800 The 1-rTifory has a bond
ed debt OF ore hundred and 1f;y
thousand dollars, and by an ar
OF Congress approved June 80. lssi 4
restricted 70 creating any bonded indebted
c1ness except for charitable and educa
uOaai Institutions. and = limited IN ~
power 10 create indebtedness for any pur
pose exceeding ! per cent OF is taxahls
vaiustiou a. shown By the lasi assessment
% its taxable property for territorial and
county purposes. ANY Indebtedness a.
TENTED % he created m excess thereof 4
declared void These bonds are exempt
~ law from taxation for anT prToss With
BOLIVAR ROBERTS.
Territorial Treasurer.