Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-17
UTAH BONDS FOR SALE.
Three Hundred thousand $780,
600 Dollars Of Five t5) Per Cent.
Utah Territory Bonds for sale.


THE UNDERSIGNED, IL PURsU-
Il ancc OF the direction OF the Loan Com
inissioncT1 Of the Territory OF Utah, hereby
adyortises that bids will be received at his
ONCE in the city OF salt Lake, said Tern
tory. between Il O'Clock noon OF June l2th,
lssg, and Il o'clock noon Of July l3th.
le.o, for the purchase OF, and At
which time sale Of the bonds hereinafter
described viii &c made, namely: Three
hundred bonds, each OF the determination
OF 81 .oon. OF the engraved neFstiable com
pO1nu bonds OF said Territory. bearing I've
per oentum interest per annum. payable
semi annually, on the Bret days Of January
and July Of each year. at the Dsseret
National Bank IN said city, or At such bank
IN the city OF New York, in the State OF
New YORK. as may be desiErAted by said
Loan Commissioners. at the option OF the
purchasers OF said bones.
The principal Of said bonds shail be pay.
able in tho lawful money OF the United
States. within tNeniy years after the date
OF theirissue, but redecmAble az the pleas
urt OF the Tcrritnry after ten YEAR, from
date. IL Is provided in the Law. that ~ the
expiration OF ten yeArs after the Issuing OF
said bonds. there IL tetapart and lFprOuri.
ated ont Of the general funds in the hands
OF The Territorial Tres surcr Of said Terri
tory annually not less than sij.ooc, to be
placed By The said treasurer in fund 10 be
known as the "redemItion fund" for the
redemption OF said bonds And IL l. also
iurther provided that whenever, after the
expiration Of ten years from Tie date Of
the Issuance OF said bonds :. there " avail
able N said redemption fund the sum Of
S5.pse or more. Il shall be the duty Of said
treasurer 70 adyeTtite the amount Of money
In the said redemption fund and the nun.
Der OF bonds. numbering them IN the
oder OF their issue. commencing at
which such fund l. set apart 10 paw
NJ q discharge, and the date when they
VIII DC paid, and " such bonds so numbered
IN such advertisement shall not be Ere
sented for payment and CANCELLATION at the
expiration OF the date mentioned In such
advertisement, then such fund shall remain
N Inc treasury of the erritory 10 discharge
such bond whenever presented fot pay
ment, hut such bond sh- Il draw no interest
MIer me expiration Of said Advertisements
In no case viii said bonds be sold for less
man their face or par value and the accrued
interest AZ the time Of payment therefor.
The bids viii be opened and sales made 70
me highest bidders at twelve O'Clock noon,
July ltth. $50, nj my Office In Salt axe
CITY. Utah. but before MAKING any award,
security Will be required Of the successful
uiuoer Tor compliance with the terms OF his |
bid, and said loan commissioners reserve
The night 70 reject any and all BIDS.
The bonds offered are TO be issued for
the banding Of educational and charitable
insutuiions, for which appropriations have
been made by the Governor and legislative !
Assenely Of SAID Territory. and BY author
nor and Legislative Assembly, eniitied ssAn /
~ proyidins for negotiating = loan for |
certain public purposes" approved March |
., lssg The Trrritory has q bond 1
ca debt Of one hundred and 1fty 1
thousand dollars, and BY an act 1
of Congress approved June %. 1855 Is
restricted 70 creating any bonded indebted
eanees except for charitable and educs-
honAl institutions. and IL limited in its
power 10 create Indebtedness for any pur.
Doee exceeding I nor cant ~ IL. fs~.hI.
FAluation as shown BY the last assessmerf L
u its taxable property fer territorial and
county purpotes- Any indebtedness At
empted 20 be created IN excess thereof 10
ieclared void These bonds are exempt
n the Territory.
BOLIVAR ROBERTS.
Territorial Treasurer. l