Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-05
UTAH BONDS FOR SALE.
Three Hundred Thousaud $780,
600; Dollar, Of Five 10 Per Cent.
Utah Territory Bonds for y ale.


rTHE UNDERSIGNED, IN PURSU-
i anee OF the direction OF the Loan Com
missioners OF the Territory OF Utah. hereby
anyertiscs thai bids viii be received af his
ONCE IN the city OF salt Lake. said Terri
tory, until Il O'Clock. noon. Of the 5ist day
OF May, lsao, for he purchase Of. and al
which time a sale Of the bonds hereinafter
described will be made, namely. Three
hundred bonds, each Of the determination
OF 81 ,ooo. Of the engraved negstisbie com
pound boncs OF said Territory, bearing i've
per eentum interest per annum- payable
semi-snnualiy. on the inst days Of January
and July OF each year. n the ID seret
National Bank in said city. or At such bank
in the city OF New York. IN the state OF
New York. as may he dtsigr afed by said
purchasers OF said bonds.
The principal OF said bonds shall be pay
able IN the lawful money OF the United
states. within u eniy years alter the date
ure OF the TerTitry after ten years from
date. IL - provided in the law. that AZ the
expiration Of ten years after the issuing OF
sand bonds, there u etapart ana aEprouri
ated out OF the general funds in the hands
OF the Territorial Treasurer Of s1ld Tern
tory annually not less than Sl5.oeo. 10 be
placed by the said treasurer IN a fuud TO be
known a. the redemption fund" for the
redemption Of said bonds. And Il u also
further provided that whenever. after the
expiration OF ten years from tie date %
the Issuance Of said bonds. there ~ avail
able IN said redemption fund the sum OF
sis.ocs or more. u shaii te the duty Of said
treasurer 10 adveTIEe The amount Of money
Ia the said redemption fund and the mum
Der Of bonds. numbering them In the
ofder OF their issue. commencing At
the highest number then outstanding.
which such fund i set apart to pay
AZ discharge, and the dale when they
Will be paid. and II such bonds 80 numbered
IN such advertisement shall not be Ere
scented for payment and cancellations At the
expiration of he date mentioned in such
advertisement. then such fund shall remain
In the treasury Of the erritory TO discharge
such bond whenever presented for pay
ment, but such bond Fh-ll draw no interest
after the expiration OF SAID Advertisement
In no case will aid bonds be sold for less
tnan their face or par value and the accrued
interest AZ The Tune Of payment therefor.
Tue award OF purchase OF said bonds will
be made to the highest bidder, bot before
making any award. security viii De re
CURED Of the successful bidder for com
Piiance with the terms OF hi- bid. ana said
loan commissioners reserve the right %
reject any and all biis-
The bonds offered are To be iszued for
the buiiding OF eiucatiouai and charitable
Institutions, for which appropriations have
been made By the Governor and Legislative
Assembly Of said Territory. and by author
ny and IN pursuance OF an act OF the Cover
nor ana Legislative Assembly, emitted "An
act providing for negotiating q loan for
certain pubic purposes" approved March
ed cebt Of one hundred and hfry
thousand dollars. and By an act
OF Congress approved June 80. lssi is
restricted TO creating any bonded indebted
c1ness except for charitable and educa-
tlonal Institutions. and i limited IN Its
power 70 create Indebtedness for any pur.
pose exceeding ! per cent OF ne taxabie |
Ealnafion As shown BY the last assessment |
o. its taxable properly for territorial and |
county purposes ANY Indebtedness al /
tempted % be created IN excess thereof u /
1eclared void These bonds are exemp |
y law from taxation for any purpose with /
n TIE Territory.
BOLIVAR ROBERTS.
Territorial Treasurer