Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-14
UTAH BONDS FOR SALE.
Three Hundred Thousand $780,
600, Dollar, OF Five 90 FER Cent.
Utah Territory Bonds for Sale.

THE UNDERSIGNED, IN PURsU-
L ance OF the direction OF the Loan Com
missioncrs Of the TerTiioryof Utah. hereby
adycrtises that bids viii be received al his
once IN the city OF ,alt Lake, said Tern
tory, between Il O'Clock noon OF June 18th.
ls21- and Il O'Clock noon Of July Eth,
ls.9. for The purchase OF, and at
which time a sale Of the bonds hereinafter
described wall Se made, namely; Three
hundred bonds, each OF the denomination
% 81 .o0o. OF the engraved negotiable com
pound bonds Of said Territory. bearing Eve
per certum interest per annum. payable
semi annually. on the irzt days OF January
and July Of each year. n the Drseret
National Bank 10 said city, 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 bonis.
The principal OF said bonds shall be pay
able in the lawful money OF the United
States. within IL enty years alter the date
Of theirissue, but redeemable AZ the pleas
urc Of the Terrlt y after ten years from
date II Is provided in the law. that at the
expiration Of ten years after the issuing OF
said bonds, there - setapart and approuri-
ated out OF the general funds in the hands
Of tho Territorial Treasurer OF said Tern
tory annually not less than $1,000. 10 be
placed by the said treasurer in fund TO be
known as the redemption fund" for the
redemption o; said bonds And It Is also
further provided that whenever, after the
expiration Of ten years from Ire date OF
the Issuance OF said bonds, there - avail
able IN said redemption fund the sum Of
SIS .oUo or more, II shall &c the duty Of said
treasurer To ad<eTt &C the amount OF money
N tho said redemption fund and the mum
Der Of bonds, numbering thsm in the
order OF their issue. commencing at
the highest number then outstanding,
which Guch fund j. set apart to pay
n q discharge, and the date when they
will be paid, and u such bonds 80 numbered
IN such advertisement shall not be pre-
scented for payment and cancellation al the
expiration Of the date mentioned in such
then such fund shall remain
an The treasury Of the ] euitory 10 discharge
such bond whenever preSentsd foe pay
meat but such bond sh-ll draw no Interest
after the expiration Of said advertisement
In no case VIII said bonds be sold for less
than their face or par value and the accrued
interest At the time Of payment therefor
The lids Will be opened and sales made 10
the highest bidders al twelve O'Clock noon,
July 18th. lseo. at my once IN Salt Lake
CITY. Utah. but before making any award,
viii be required o. the successful
bidder for compliance with the terms OF his
BID, and said loan commissioners reserve
The rignt TO reject any and all bids
The bonds offered arc TO be issued for
The building of educational and charitable |
Institutions, for winch appropriations have |
been made By the Governor and Legislative l
assembly Of said Territory. and By zuthor- |
~ and m pursuance OF an act Of the Cover !
aor and legislative Assembly, entitled "An I
vet providing for negotiating a loan for I
,ertain public purpose" approved March 1
=. lso The Territory has q bond i
d debt Of one hundred and dfty 4
thousand dollars. and by an act i
u Congress approved June 70. lse5 l.
-estricted 10 creating any bonded indebted
,1nees except for charitable and educa- 1
iona iSnsfitufions. and Is limited IN it,
'owerfo create Indebtedness for any pur.
l per cent Of ifs taxabie
'aiqation fs shown by the last assessment
i..lts taxable property for territorial and
o0ufy purposes Any Indebtedness AZ
empfeo 10 be created in excess thereof IL
declared void These bonds arc exempt
y Law from taxation for any purpose with
. the Territory.
BOLIVAR ROBERTS,
Territorial Treasurer.