Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-28
UTAH BONDS FOR SALE.
Three Hundred Thousand $500
600 Dollars of Five o. Fer Cent.
Utah Territory Bonds for = ale.

THE UNDERSIGNED. IN PUEsU-
l. ance OF the direction Of the loan Com.
mIssiOners Of the Territory OF Utah, hereby
| adveriises that bids VIII be received ~ his
onice m the city OF ALT Lake. said Terri
| tory, between u O'Clock noon Of June 18th
| ls.1 and u O'Clock noon Of JAY laih,
| ls.e. for he purchase OF, and At
| which tine sale Of the bonds hereinafter
| described wall &c made. namely. Three
! hundred bonds, each Of the Determination
OF 81 Co. OF the engraved negotiable COM
/ pound bonds q said Territory. bearing five
! per Ccntum interest per anDam. payable
/ semi annually, on the fret days Of January
! and July Of each year, At the u serct
IN the city Of New York, In the State %
| New York as may be De sigrGted BY said
| Loan Commissioners. az the option OF the
/ purchasers Of said bonds.
The principal OF sand bonds shall be pay
able IN the lawful money % the United
states. within twenty years alter the date
OF theiTissue. bat rCdccmlble NJ the pleas
ure Of the TeTTit y after ten years from
date. IL - provided In the Law, that AZ the
expiration Of ten years after the issuing OF
SAID bond-, there Is setapart and appr0pri
atcd out OF the general funds in the hands
OF the Territorial Treasurer OF saii Tern
tory annually not less tran $1,000. 70 be
placed By the said treasurer IN ! fund TO BE-
known a. tbs redemption fund" for Ii.
redemption OF said bonds aud it Is also
further provided that whenever, after The
expiration OF ten years from Tire date Of
the Issuance OF said bonds, there Is avail
able in said redemption fund the sum OF
Sl3.pl9 or more. u shall he the duty Of slii
treasurer 10 adveTtze the amount Of none
IN the said redemption fund and the uuuiE
her OF bonds, numbering then IN the
order OF their issue. commencing az
the highest number then outstanding.
which such fund i set apart TO pay
At discharge, and the date when they
vii be paid, and fsuch bonds - numbered /
n mHah NHHaHH ~ NHHn
seuted for payment ami cancellation At the |
expiration u the date mentioned Ia such
advertisement, then such fund shall remain /
IN the treasury % the erritory TO discharge /
such bond whenever presented fot pay
ment. but such bond n n draw no interest |
after the expiration Of said advertisement |
In no case will said bonds be sold for les |
ihan Their face or par value and the accrued |
The BIDS viii be opened and sales made 70 |
the Ing hest bidders a. twelve O'Clock noon.
July lsih, ls,-, al ny Office IN Sait 4 axe /
City. Utah, but before making any award, |
security VIII be required Of the successful /
BIDDER Ter compliance with the terms OF his i
bid and said loan commissioners reserve /
the right 20 reject any and all bids.
The bonds offered are 10 be issued for |
the baiidins OF educational and charitable
institutions. for which appropriations have /
been made by the Governor and legislative 1
Assembly OF sad Territory. and by author /
iiy and m pursuance OF an set Of the Cover
nor and legislative Assembly. entitled "An
act providing for negotiating a loan for /
certsin public purpose" approved March
y. $50 The Territory has 4 bond |
ed debt Of ore hundred and City
thousand dollars, and BY an act /
OF Congress approved June 30. ISIS l.
restricted 10 creating any bonded indebted
e1ness except for charitable and Cduca- !
tonal Institutions. and Is limited IN rs
power to create Indebtedness for any pur- |
pose exceeding ] per cent OF its taxlble |
va!uauon as shown BY the last assessment |
or lie taxable property FOR territorial aud
~ purreses- Any Indebtedness Al. !
tempted 10 be created IN e1cess thereof fs
declared void These bonds arc exeup |
by law from taxation for any purpose with
Il the Territory.
BOLIVAR ROBERTS.
Territorial Treasurer.