The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-05-16
Sl 7 8 syslf9a
BEAUTYoEP Polls .
SAYiNOLABOR CLEANLINESS.
DuRA614LIIYaIfEAPNESS. UNEOuALLEDl
NO ODo.a WHEN HEATED.
UTAH BONDS FOB SALE.
Tnree Kindred Thousand (s3OO,O0O) Dollars
OIL Five % Per Cent Utah Territory
Bonds for Sale.

('HE UNDERSIGNED, IN PURSUANCE OF
\ the direction Of the loan commissioners Of
t s9s territory OF Utah. hereby advertises that
Cius viii De received at his office in the city of
SaIt Lake, said territory, between 10 O'clock
n ~ OF June L. 1890, and Il O'clock noon.
OF July .J2, 1890, for the purchase of
anu anu at winch time sale of the bonds herein,
SundrnS Serloed viii be made, namely: Three
~ Hu dnu bonds, each OF the denomination of
Sl,uOV, OF the engraved negotiable compound
Douo5 OF said territory, bearing five per centIlrn
f,rse test per annum, payable semi-annually on
VI the nrst Gays OF January and July of each
year, al the Deseret National bank in said citv
or AT such bank in the city of New York in the
Sease vi new YORK, as may be designated by
salu loan commissioners, at the option of the
purchasers Of said bonds
me principal of said bonds shall be payable
Ia M, tne lawful money of the United States,
Wlsnln twenty years after the date of their issue
Dut redeemable at the pleasure of the territorv
AFTER ten years from date. 1t is provided in the
law, tnat at the expiration Of ten years after
the Issuing of said bonds, there is set apart
and appropriated out of the general funds in
| the hands of the territorial treasurer of said
territory annually not less than $4,000 to be
placed by the said treasurer in a fund to he
known as the redemption fund for the re-
demption OF said bonds. And it is also further
provided That whenever after the expiration Of
| ten years from the date of the issuance of said
ponds there is available in said redemption
Iund the sum OF $4,000 or more it shall be the
duty OF said treasurer to advertise the amonnt
| or money in the said redemption fund and fbs
number OF bonds. numbering them in the orderof
thelr Issue, commencing at the highest number
Inen outstanding, which such fund is set anart
10 pay and discharge, and the date when thew
VIII De palo, and If such bonds so numbered in
Sucn advertisement shall not be presented for
ayInent ana cancellation at the expiration of
tne date mentioned in such advertisement. then
sucn fund shall remain in the treasury of the
territory TO discharge such bond whenever pre.
sented for payment but such bond shall draw
no interest after the expiration of said adver-
tisement
In no case will said bonds be sold for Iess
than their face or par value and the accrued in
tereSV at the time OF payment therefor The
DiuS VIII be opened and the sales made to the
ngheSt bidders at IL o'clock noon July
a. $780, at my office in Salt Lake citv.
Utah, but before making any award
security VIII be required of the success,
full bidder for compliance with the terms of his
pld and said loan commissioners reserve the
right TO reject any and all bids
Inc ponds offered are to be issued for the
DulIdlng OF educational and Charitable lnstitu-
tlonS, LOT Wn1cn appropriations have been made
by the governor and legislative assembly of said
territory, and by authority and in pursuance Of
an act OF the governor and legislative assembly.
entltled An act providing for negotiating a
loan Tor certain public purposes approved
March 10, 1880. The territory has bonded debt
OF one hundred and fifty thousand dollars and
Dy an act OF Congress approved June 30. 1886 10
restricted 10 creating any bonded Indebtedness
except for charitable and educational institu
lions, and is limited in its power to create in
ueDtedneSS for any purpose exceeding I per
cent OF It's taxable valuation as shown bv the
last assessment of its taxable property for ter
rtorlal ana county purposes. Any indebted
is declared void These bonds are exemDt nv
from taxation for any purpose within the
la ritory. BOLIVAR ROBERTS
Territorial Treasurer