Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-10
UTAH BONDS FOR SALE.


THE UNDERSIGNED. IN PURSU-
i ance Of tue direction oftte Losn Com
missioners OF the Territory OF Utah. hereby
aGvertIses that bids VIII be received AZ his
o,ice IN the city OF salt Lake, ssid Terri
tory, between Il O'Clock noon % June 18Th.
ls9u- and Il o'clock ncoa OF July l-th.
is1l, for The purchase OF. and AZ
which time sale of ine bonds hereinafter
4 described viii 5e made. namely; Three
hundred bond, each OF the denomination
OF 81 COZ. OF the engraved negotiable com
pound bonds Of said Territory. bearing I've
per eentum interest per annum. payable
semi annually. on the nrst days % January
and July Of each year. at the ID seret
National Bank Ia said city, or at such bank
IN the city OF New York, Ia the state OF
New York ~ NAV be desiCratcd by said
Loan Commissioners, at the option OF the
purchasers Of said bonds.
The principal OF safd bonds shall be pay
able IN the lawful money OF the United
States, within twenty years alter the faie
Of iheirtssue. hut redeemable At the pleas
ure OF The Ierrit ~ after ten years from
date. IL Is provided in the law. that At tn
eJpIraiiun Of ten years AFTER the issuing OF
SAID bond, there u setapart and aHprppIi
ated out OF the general funds IN the hands
Of the Territorial Treasurer OF SAID Tern
tory annually not less than $1,000. TO be
placed by the said treasurer in iuod 20 Be
known as the redemption funf," for the
redemption Of said bonds. And Il IL also
further provided that whenever. after the
expiration Of ten years from TIE date Of
the Issuance Of said bonds, there Is avail
able ia said redemption fund the sum Of
Sl5.ao9 or more, II shall &c the dnty OF sand
treasurer TO adveTuze the amount Of money
10 the said redemption fund and the nun
Der OF bonds. numbering them IN the
order Of their issue. commencing At
the highest number then outstanding.
which such fund i set apart 20 pay
At d discharge, and the date when they
Will be paid, and ifsuch bonds 80 numbered
IN such advertisements shall not be ire
scntcd for payment and Cancellation AZ the
expiration OF The date mentioned in such
advertise menf, then such fund shall remain
in the treasury Of the errifory TO discharge
such bond whenever presented foe pay
meuf, but such bond n u draw no Interest
after the expiration Of said advertisement
In no case Will said bouds be sold for less
than their face or par yalue and the accrued
interest at the time OF payment therefor
The lids viii be opened and Gales made 10
the highest bidders At twelve O'Clock noon,
July 18th. lss0. At my ONCE IN SAT- Lake
City. Utah, but before making any award.
security VIII be required Of the successful
bidder Tor compliance xith the terms OF hts
hid. and said loan Commissioners reserve
the right % reject any ard all lads.
Thr i-onds offered are % be issued for
the building OF educational and charitable
institutions, Tor which Appropriations have
been made by the Governor and Legislative
Assembly Of said Territory. and b. author
ity ana IN pursuance OF an act Of the Cover
nor and Legislative Assembly. entitled AN
act providing for negotiating loan for
cert in public purposes" approved March
u. $50 n he T-rrifory has a bond
ed debt Of one hundred and atty
thousand dollars, and by an act
% Congress approved June %. ISIS y
restricted To creating any bonded indebted
eeness except for charitable and educa-
tonAl Institutions. and y limited in rs
power 10 create Indebtedness for any pur.
pose exceeding I per cent OF lie taxable
valuation a. shown by the last assessment
OF rs taxabie property for territorial and
cou-ty purposes. Any Indebtedness At
tempted 10 be created IN excess thereof Is
declared void These bonds are exempt
BY law from taxation for anT purpose with
IN the Territory.
BOLIVAR ROBERTS.
Territorial Treasurer.