Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-17
UTAH BONDS FOR SALE.
Three Hundred Thousand $500
0eo, Dollars Of Five 90 Per Cent.
Utah Territory Bonds for Sale.

UNHE UNDERSIGNED, IN PURsU
4 ancc Of the direction OF the Loan Com
missioEeEs OF the Territory OF Utah. hereby
adveriises that bids viii be received al hts
onice IN The city OF >ali Lake, said Tern.
tory, between y O'Clock noon Of June 18Th
l..1 aad y O'Clock noon Of July isth
l-sl. FOR The purchase OF, and II
which time = sale u the bonds hereinafter
described VIII Se made, namely. Three
hundred bonds, each OF the denomi nation
Of 81 COZ. OF the engraved negotiable cow
pound bonds OF said Tei rItory, bearing ave
per ceuium interest per annun, payable
semi annually. on the first days OF January
and July % each year, at the D. seret
Natonal Bank IN said city, or as such bank
in the city OF New York, Ia The State cf
New York as may be designated by said
Loan Com misaoners, at the option OF the
purchasers OF said bonds.
IRE principal Of said bonds shall be pay
able In the lawful money Of the United
Of theirissuc, but redeemab!e at the pleas
ure Of the TcrTitury after ten years from
date Il IS provided IN the Law. that at the
expiration Of ten years after the issuing OF
SAID bonds, ihere 70 seiapart and aTpropri-
aztec out Of the general funds In the hands
% The Territorial Treasurer OF said Terri
tory annually not less than $1,000, 10 be
placed by the said treasurer in fund 20 be
known A. the redemption fund" for the
redemption OF said bonds And Il Is also
HH-aH lANH.aANaA AAAa-s WANAANNEas aAAANN ANt
expiration OF ten years from TIE date Of
The issuance % eaid bonds, there Is avail
a1le IN said redemption fund the sum Of
fl5iOl9 or more, II shall lie the duty Of SAID
treasurer 70 adveTtze the amount Of money
IN the said redemption fund and the mum
Der Of bonds. numbering them in the
ofGeF OF their issue. commencing az
the highest number then outstanding,
which such fund J. set apart TO pay
az q discharge. and the date when they
N such advertisement shall not be IRE
sented for payment and cancellation at the
expiration OF the date mentiOucd In such
advertisement. then such fund shall remain
m the treasury Of The ! erriiory 10 discharge
such bond whenever presented for pay
meat. but such bond n Il draw no Interest
after The expiration OF said advertisement
In no case Will said bonds be sold for less
tnan their face or par value and the accrued
interest Al the time Of payment therefor.
Inc bids VIII be opened ana GALES made TO
the highest bidders AZ twelve O'Clock noon.
July lsth. ls'l, az ms Office In salt Lake
Guy. Utah, but before making any award,
security viii be required Of the successful
nllNer Tor Compliance with the terms OF his
BID and said loan commissioners reserve
the night 70 Eeiect any and all bids
Inc b0nd~ofiered are 10 be issued for
the building Of educational and charitable
iinstltuilons, for which appropriations have
been made by the Governor and Legislative
Assembly Of said Territory. and by author
Ity and m pursuance Of an act OF the Cover
nor and legislative Assembly. entitled IAN
act rroFiding for negotiating 4 loan for
y g IN public purposes. approved March
-, $50 The Territory has a bond.
Cd debt Of one hundred and nfty
thousand dollarH. and By an act
or Congress approved June 30. lssS IL
restricted % creating any bonded indebted
e1neEE. except for charitable and educA-
uoaal Institutions. and l. limited IN Its
power 10 create ndeb;edness for any pur
pose exceeding I per cent of ifs taxable
valuation as shown by the last assessment
or iis tsxaoie property for territorial and
cout y purposes. Any Indebtedness at
tempted 20 De created in excess thereof IL
declared void These bonds are exempt
By law from taxation for anT purpose with
IN the Territory
BOLIVAR ROBERTS.
Territorial Treasurer.