Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-12
UTAH BONDS FOR SALE.
600 Dollars of Five 10y Per Cent.
Utah Territory bonds for sale.


THE UNDERSIGNED. IN PURsU-
i ance OF the direction Of the Loan Com
missioners of the Territory OF Utah. hereby
adyerslses that bids will be received at hi-
ONCE IN the city OF -alt Lake, said Terri
tory. between u O'Clock noon Of June I'm.
lsa0 and II o'clock noon o. July 18th.
isei, Tor he purchase OF. and al
whirh time a sale % the bonds hereinafter
described vii &c made, namely Three
hundred bonds. each OF the denomination
OF 81 co... Of the engraved neSstiabie com
pound bonds OF said Tef ritOry, bearing five
per eentum interest per Annum. payable
semi-znnuAlly. on the irst days Of January
and July OF each year. az the ID serrt
National Bank In said city, or at such bank
IN the city OF New York. IN the state Of
New York. a. may be designated by said
Loan Commissioners. at the option VI 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 ut the pleas.
ure Of the Territ,ry after ten years from
date II is provided IN the Law, that at the
expiration Of ten years after the issuing OF
SAID bond, there is setapart and aTpronri
ated out Of the general funds IN the hands
OF the Territorial Treasurer OF said Tern
tory annually rot lees than $1,000. TO be
placed By the said treasurer in fund To he
known as the redemption fund" for the
redemption Of said bonds And u 4 also
further provided that whenever. after the
expiration OF ten years from ire date Of
the Issuance Of said bonds, there y avail.
able IN sand redemption fund the sum Of
sl3.oue or more. II shall be the duty OF said
treasurer to advcItze the amount OF money
IN the said redemption fund and the num-
Der Of bonds, numbering them In the
order OF their issue. commencing Al
the highest number then outstanding.
which such fund j. set apart to pay
Ar Z dis,harge, and the date when they
vii be paid. and ifSuch bonds 80 numbered
m such embellishments shall not be pre-
scented for payment aud cancellation At the
expiration ci the date mentioned in such
advertisement. then such fund shall remain
IN the treasury OF the erritory TO discharge
such bond whenever presented TO pay
inent. but such bond al u draw no interest
after the expiration OF said advertisement
Ia no case will sAid bonds be sold for less
fnan their face or par value and the accrued
interest a: The time Of payment therefor
The bids will be opened and sales made 10
the highest bidders at twelve O'Clock noon,
July 4ih. ls9o, at ny once in sait lake
Cuy. Utah. but before making any award,
security Will be required Of the successful
bidder for compliance with the terms Of his
bid and said loan commissioners reserve
the right TO reject any and all bids.
The bonds offered are 20 be issued for
the building OF ecucanonai and charitable
Institutions, for which appropriations have
teen made by the Governor and Legislative
Assembly Of sald Territory, and BY author
ity and IN pursuance Of an act of the Cover
nor and Legislative Assembly, entitled can
act providing for negotiating = loan for
certain public purposes" approved March
~. $50 The Territory has bond
ed debt OF one hundred and hfty
thousand dollars. and by an act
OF Congress approved June 80. 1855 u
restricted TO creating any bonded indebted.
e1ness except for charitable and educa-
tionAi Institutions. and h limited In its
power 10 create indebtedness for any pur-
pose exceeding ! per cent OF ifs taxable
valuation AZ shown by tho last Assessment
OF It's taxable property for territorial and
courty purposes Any Indebtedness q
tempted to be created IN eaccss thereof II
declared void These bonds are exempt
BY law from taxation for any purpose with
BOLIVAR ROBERTS,
Territorial Treasurer.