Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-27
UTAH BONDS FOR SALE.
Three Hundred Ihousand $500
600, Dollars OF Five % Per Cent.
Itnh .Icrritary lnnd. for SaIc.
THE UNDERSIGNED. N PURsU

| THE UNDERSIGNED. N PUGsU
a aucc o. the direction % the loan Com
missiOncrs Of the Territory OF Utah, hereby
| aGycEtisCs that lids VIII be received at hi.
Oflcc IN the city OF salt Lake, said Terri
ton, between I. O'Clock room Of Jure lsth
l-..l- ald y o'clock noon Of July 18th
] lsg, for The purchase OF. ard 81
which time sale % the bonds hereinafter
described vii &c maize, namely. Three
hundred bonds. each OF the denomination
oi sl.oqo, o. the engraved neEstisble com
round bonds Of said Territory. hearlng I've
per centgm interest rCr unnum. payable
semi annually. on the iirst dayH Of January
and July % each year, a the d serCi
National Bank Ia aid city, or AZ such bank
IA the city Of New York, % the state @!
New YORK - tasv Dc celebrated hy aid
Loan Commissioner, az the option q thr
purchasers % szid bones
tEc pTIugtP-l ~ sad bonds -hail he pay-
able IN the lawful mOuey % the Cuited
stGies. within ~ guty years after the dste
q thtirl.srr. bit rtHesmalIlr AZ he pleas
ure Of Tic Territ y alder ten years from
date. u Is provided IN tie laT, that a. the
expiration Cf ten yeIrs amer the i-sulrg OF
said l0rd-5 there De- sCtaFart and aFprouTi-
aie1 oal G. ;ac rcretcl Hard, IN the hands
% the Territorial Ire asures 81 SAID Tern
tory annually not less than slj,ceO. 20 be
placed By tlIs said treas1 In ! fuud 10 be
known a. the redemption fund. for the
redemption ~ said bcrt-. And Z "a also
further provided that Whcaufcr, after the
expiration Of ten years from tire date u
able IN said redemption fund the sum Of
SlS.Cla or more. . shall tc the drty Of sald
TREASURER % H4Fert e the amount n none
IN the said redemption fcnf and ;ts -uruk
her Of bonds. numbering them ia the
osler q ther i5sEc, commencing A
the highest number then Outstanding.
which such fund j. set apart 20 paw
ar discharge, and he date when ihey
VII be paiJ, and u such bouGs 20 numbered
In -Hch ed-ertl-smeut shall not be IRE
scented for payment att cancellation Al The
expiration % the date mcnti0nef - s-ch
advertisement, then sucE fund shall remain
IN the treasury OF the q cnii0ry 10 discharge
such bond whenever presented To- pay
meut but such bond IA n draw no iutcrest
after the expiration Of said Advertisement.
Ia no case Will sald bonds be sold FOR les,
than her face or par value and he accrued
interest a. ihe time q payment therefor.
l ne b;ds vii be opened ana Gales made 10
NE highest bidders AZ twelve O'cicck noon.
July ltih. lsa1, AZ ny Office IN SAT- lake
City, Utah, but before making any award
security viii be required u The slrces.fri
bidder Tor compliance with the terms % Ms
1id, and said loan commissioners reserve
The rizhf % reject any and all bids.
The bonds offered are 20 be issued for
we building OF educational and charitable
.nsutuuoue, Tor whiea appropriations have
been made ty the Governor and Legislative
Assembly OF ssid Territory. snd ~ sgtbor-
~ and m pursuance o. an act Of the Cover
Dor and legislative Assembly. entitled IAN
act providing for negotiating 4 loan Tor
aertsin public purpose" approved March
., ls-9 The Territory has a bond. /
"a debt Il one hundred and fffy
collars. and BY an act
u ConSress approved June 50, 1855 Il
restricted 10 creating any bonded indebted
s1ness except for charitable and educa.
lonai Institutions. and Is limited IN Ifs
loWer 10 create Indebtedness for any pur- I
-ose exceeding l per cent OF ifs taxable |
a uaton a. shown By the last assessment |
u iis taxable properly for territorial and /
'outty purposes Any Indebtedness al.
empteQ TO be created IN eacess thereof Is |
declared void. These bonds arc exemp |
y Law from taxation for any purpose with I
. the TeTritnry.
BOLIVAR ROBERTS,
Territorial Treasurer.