Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-22

| THE UNDERSIGNED. IN PURSU
L ance Of the direction Of the Loan Com
missioncrs Of the Territory OF Utah. hereby
| adveriises that bids will be received at hi.
Office IN the city OF salt Lake, said Tern,
tory, between Il O'Clock noon q June Iltb
l...l and u O'Clock noon OF july IsIh,
| lss, for .he purchase OF, and Al
| which time sale Of the bonds hereinafter
| described VIII De made, namely. Three
hundred bonds, each OF the denomination
OF Sl,og'. OF the engraved negotiable com
pound bonds OF said TERRITORY, bearing I've
per eenium interest per annum. PAYABLE
semi annually, on the nrst days Of January
and July Of each year, at the Drseret
National Bank IN said city. or At such bank
IN the city Of New York, Ia the state Of
New York. as may be designated BY said
Loan Commissioners. az the option Of the
purchasers OF said bonds
The principal OF said bonds shall be pay
sole IN the lawful money o. the United
states, within twenty years after the date
OF theirissue, but redeemable at the pleas
urc OF the Ierritlry after ten years from
date II - provided IN the law, that AZ the
expiration Of ten years after the issuing OF
sail bond, there u setapart and aI.prouri-
ated out OF the general funds in the hands
OF the Territorial Treasurer Of said Terri
tory annually not less than $500, to be
placed by the said treasurer in 4 fund 70 -
known as the redemption fund" for the
redemption Of said bonds And 10 l. also
further provided that whenever. after the
expiration Of ten years from TIE date 81
the issuance Of sand bonds. there y avail
able N said redemption fund the sum Of
$3.50 OF more. II shall be the duty Of sand
treasurer 70 advertlze the amount Of none
IN the said redemption fund and the numE
be. OF bonds, numbering them in the
ofueF OF their issue. commencing NJ
the highest number then outstanding,
Nhlch -uch fund = set apart TO nav
ar q discharge, and the date when they
Wiil be paid. and Il such bonds 50 numbered
IN such advertisement shlll not be IRE
sented for payment aud cancellation al the
expiration OF The date mentioned In such
advertisement. then sue. fund shall remain
IN the treasury Of the . errifOrv TO DISCHARGE
such bond whenever presented for pIv-
fnent, but such bond sh n draw no interest
Aiier The expiration Of said advertisement
10 10 case viii said bonds be sold for les
than their face or par value and the accrued
interest AZ the time % payment therefor.
4 ne lids VIII be opened and sales made "a
ihe highest bidders at twelve O'Clock noon
jay ltth. l-ao, az my Office in salt axe
10y, : AN. M before making any award.
security VIII be required Of the successful !
Diluer Tor compliance with the term. OF M
lid- and sand loan commissioners reserv, |
ne righf 70 reject any and all bids
. lne 1onds onered are 10 be issued for
Tie building OF educational and eharitshIe /
INSTITUTIONS, for which appropriations have /
zen made BY the Governor and Legislative /
assembly Of said Territory. and by author
- ana IN pursuance Of an act Of the Cover /
n1 10y ana Legislative Assembly. entitled IAN
ict providing for negotiating a loan 70
.erilin public purpose" approved March 4
y, $50 The Territory has a bond- 4
a debt Of one hundred and tiffv
nolsand dollars, and BIZ an Act i
y congress approved June 20, IsSS h
restricted 20 creating any bonded indebtet-
,lness except for charitable and eduea.
lonal institutions. and il limited in ~
'oWer 10 create Indebtedness for any pur-
lose exceeding ! per cent OF iis taxable I
'aluAtion "a shown by the last assess1,.-t !
y its taxable properly for territorial and
oInty purposes. Any indebtedness Ar
empteo 20 be created IA excess thereof l.
ieelAred void These bonds are exepap
Y . iaN from TAXATION for any purpose with
a the Territory.
BOLIVAR ROBERTS,
Territorial Treasurer