The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-05-10
UTAH BONDS FOB SALE,
Three Hundred Thousand (S300,00O Dollars
of Five 90 Per Cent. Utah Territory
Bonds for Sale.

TIHE UNDERSIGNED, IN PURSUANCE OF
Il the direction Of the loan commissioners Of
the territory OF Utah, hereby advertiSeS that
BIDS viii be received at his office in the city OF
salt Lake, said territory until IL o'clock, noon,
OF the 3Oth day OF june $780, for the purchase of,
and at which time O sale Of the bonds herein
after described will be made, namely: Three
hundred bonds, each OF the denomination Of
81 COO of the engraved negotiable compound
bonds Of said territory, bearing five per centum
interest per annurn payable semi-annually on
year at the Deseret National bank in said citv.
or at such bank in the city Of New York in the
state of New York, as may be designated by
said loan commissioners, at the option of the
purchasers of said bonds.
The principal OF said bonds shall be payable
In the lawful money OF the United States.
within twenty years after the date of their issue,
but redeemable at the pleasure OF the territory
after ten years from date. 1t is provided in the
law, that 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 be
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
bonds, there is available in said redemption
fund the sum OF sl5,O00 or more, it shall be the
duty of said treasurer to advertise the amount
of money in the said redemption fund and the
number OF bonds. mbering them in the order OF
then outstanding which such fund is set apart
to pay and discharge, and the date when they
will be paid, and IL such bonds so numbered in
such advertisement shall not be presented for
payment and cancellation at the expiration OF
the date mentioned in such advertisement then
such 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-
tfsement
In no case will said bonds be sold for less
hon, fbcfr fac or -yo1t md fhaa rali IN,
terest at the time Of payment therefor. The
award OF purchase of said bonds will be made to
the highest bidder, but before making any
award, security will be required of the success
full bidder for compliance with the terms of his
bid and said loan commissioners reserve the
right 10 reject any and all bids.
The bonds offered are to be issued for the
building of educational and charitable lnstitu-
tions for which 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,
entitled AN act providing for negotiating
loan for certain public purposes" approved
March 13, 1890. The territory has a bonded debt
OF one hundred and fifty thousand dollars, and
by an act OF Congress approved June 80, 1886, is
restricted to creating any bonded Indebtedness
except for charitable and educational inStitu-
tions and is limited in its power to create in
debtednesS for any purpose exceeding l per
cent of its taxable valuation as shown by the
last assessment of its taxable property for ter
ritorial and county purposes. Any indebted
is declared void. These bonds are exempt by
law from taxation for any purpose within the
territory. BOLIVAR ROBERTS,
Territorial Treasurer.
ADMINISTRATORS SALE OF REAL ESTATE
NOTICE IS HEREBY GIVEN, THAT IN
/ IN pursuance of an order of the probate court
of the county of Salt Lake territory of Utah,
made on the 18th day of February, A. d. $780, in
the matter of the estate Of Elias Smith de-
ceased, the undersigned, the administrator OF
said estate, will sell at private sale, to the high
! est bidder for cash. and subject to confirmation
| by said probate court, on or after Wednesday,
the 18th day of May A. D. 1890. all the right,
title. interest and estate of the said Elias Smith,
deceased, at the time of his death, and all the
right, title and interest that the said estate has
/ by operation of law or otherwise, acquired other
than or in addition to that Of the said intestate
at the time of his death, in and to all that Ger
tain lot, piece or parcel OF land, situate, lying
and being in the county of Salt Lake, territory
of Utah, and bounded and described as follows,
| to wit: All of lots three 49, and four ~, in
| block twenty-three (23) fiye-acre plat "a" Big
| Field survey, Salt Lake county, containing ten
acres of land, excepting the following described
portion thereof to wit: Commencing in the
center of the Utah Southern railroad track four
az feet west from the southeast corner OF said
lot three ~, and running thence west two GU
rods, thence northerly along the west side OF
said railroad track thirty-rve (35) rods to the
north line of said lot four a., thence east four
and two-tenthS "a 2-l0) rods thence Southerly
along the east line of said railroad track thirty.
four and nine-tenths ga 9-10) rods, to the south
east corner of said lot three (3), thence west
four az feet 10 the place of beginning, contain
ing sixty-eight one-hundredths (66-10W of an
acre. Terms and conditions of sale-cash
Deed at expense of purchaser. Bids or offers
must be in writing and be left at the Desere
Savings bank in Salt Lake city, Salt Lake
county, at any time after the first publication o.
this notice and before the making Of the sale, ad
dressed to the undersigned.
Dated April 18th, 1890.
ELIAS A. SMITH,
Administrator Of the estate of Elias Smith, de