Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-08
UTAH BONDS FOR SALE.
Three Hundred Thousand $500.
ooo) Dollars OF Five 10 Per Cent.
Utah Territory Bonds for Sale.

THE UNDERSIGNED. IN PURsU-
Il anee OF the direction OF the Loan Com
mtssioners OF the Territory OF Utah, hereby
adyertrses that bids wall be received At his
ofiiee an the city OF -Alt Lake. said Tern
tory, until Il O'Clock. noon. Of the 5ist day
OF May, $50. for The purchase OF, AMI At
which time sale OF the bonds hereinafter
described Will be made, namely Three
hundred bond. each Of the denomination
Of 81 90. Of the engraved negotiable COM
pound bonds Of said Territory. bearing Eve
per ccntum interest per ennum. payable
semi annually, on the lrst days OF January
and July Of each year. al the D-seret
National Bank In said city, or at such hank
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 pay
able IN the Lawful money OF the United
States. within twenty years alter the date
Of theirIssue. but redeemable n the pleas
ure OF the TeEritsry after ten years from
date IL - Provided In the law. that At the
expiration OF Ten years after the issuing OF
sad bonds, u ere - setapart ana apprOuri-
ated out OF tie general funds In the hands
Of the Territorial Treasurer Of said Tern
tory annually not less than Slj,oe0. to he
placed by the said treasurer in a fund TO be
known as the redemption fund.- for the
redemption Of ard uonds. And II - also
further provided that whenever. after the
expiration OF ten years from The date OF
able 70 SAID redemption fund the sum Of
Sis,oos or morn. II shall ue inc duty Of said
treasurer TO adveTtize the amount OF money
10 the said redemption fund and the mum
Der OF bonds. numbering them in the
Order Of their issue. commencing at
the highest number then outstanding,
which such fund u set apart 20 pay
NJ discharge, and the date when they
Will be paid, and IL such bonds 20 numbered
IN such advertisement shall not be IRE
anufrsh for nrN 49, -
expiration OF the date mentioned in such
advertisement. then such fund shall remain
in the treasury Of the errifOry TO discharge
such bond whenever presented fos pay
ment. but such bond IN II 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 At the time OF payment therefor
Tue award OF purchase OF said bonds will
be made 70 the highest bidder, bur before
inakiug any award. security Will be re
CURED OF the successful bidder for com.
piiance with the term. OF HE bid. and said
loan commissioner reserve the right TO
reject any and all bifs- NJ
The bonds offered arc To be Issued for
the building OF educational and charitable
Institutions, for which appropriations have
been made by the Governor and Legislative
Assembly Of said Territory, and by authOr
nor aud Legislative Assembly,, entitled IAN
act providing for negotiating 4 loan for
certain public purposes" approved March
II. 80 The Territory has a bond.
cd debt OF one hundred and hffY
thousand dollars, and bv an al
OF Congress approved June 20. Issi h
restricted 60 creating any bonded indebted
e1ness except for charitable and educs-
uonal institutions. and Is limited in IL
power 70 create Indebtedness for any pur.
pose exceeding ] per cent OF its taxable
valuation As shown by the last assessment
OF rs taxable property for territorial and
cousty purposes. Any indebtedness Al
tempted 10 be created IN earess thereof Al
declared void These bonds are exempt
N the Territory.
BOLIVAR ROBERTS,
Territorial Treasurer.