Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-06-11
UTAH BONDS FOR SALE.
Three Hundred Thousand $500. :
600 Dollars Of Five ~ Per Cent.
Utah Territory Bonds for Sale.

TUE UNDERSIGNED. IN PURsU-
| l. ance OF the direction o. the Loan Com
missiOners of the Territory OF Utah, hereby
ziyertises that lids will be received al his
Office m the city OF salt Lake, said Tern
tory, between Il O'Clock noon Of June -,
lss9 and y O'Clock noon Of July D.
| lsso, tor The purchase OF the bonds
hereinafter Described. namely: Three
hundred bonds, each OF the denomination
OF l,ou9. Of the engraved negotiable COZ
pom bonds Of said Territory, bearing I've
| yer cenium int est per annum. PAYABLE
semi annually. on the nrst DAYS Of January
and July Of each year. At the d seret
National Bank In faid city, or az such hank
On the city OF New York. IA the state Of
New York as may be designated By said
Loan COMMISSIONERS. al the option Of the
purchasers Of saId buugs.
The principal Of SAID bonds shall be pay
able IN the lawful money Of the United
stSles, within twenty years after the date
OF their issue. but rcdeemable At the pleas.
ure OF the Territ,Ty after ten years from
date IL u provided In the law. that at the
expiration Of ten years after the issuing OF
said bonds there shall he set apart and aEpro-
nriaied 9ul OF the general funds In the hands
OF the Territorial Treasurer Of said Tern
tori annually the cum OF 5000, to be
placed by the said treasurer in a fund to be
known as the redemption fund" for the
redemption OF said bonds- And II Is also
further provided that Whenever, after the
expiration OF ten years from TIE date OF
the issuance Of said bonds, there y avail
ahle IN sand redemption fund the sum Of
Aso!0~ or more. II shall lie the duty OF sand
treasurer 20 adveItiEe the amount 81 money
"a the said redemption fund and the mum.
se- OF bonds. numbering them IN the
order OF their issue. commencing At
tHe highest number then outstanding
winch such fund l. set apart 10 pay
a. discharge, and the date when they
AL be paid, and u such bonds 60 numbered
"a such advertisements shAll not be Ere
~"nted for payment aud cancellation al the
expiration OF ,he date mentioned in such
advertisement, thea surh fund shall remain
IN TIE treasury 81 the erTiiory 10 discharge
such bond Whenever presented for pay
mcnt. hut rurh bond IN u draw no interest
after the expiration OF the date mentioned
In such publication.
10 M ease Nill said bonds be solo Cor less
tnan their face or par value and the accrued
interest ~ the time OF their disposal
The hids will be opened and Gales made 70
the highest bidders at twelve O'Clock noon,
July 8lst. l-0. at my ONCE in salt Lake
cry. Utah. bur before making any award
scsurIty Will I've required OF the successful
ti'ider for compliance with the terms Of his
90, aud said ioan commissioners reserve
the right u reject any and all blds.
Inr bonds offered are to be issued for
the buiiding OF educational and charitable
institution :, for which appropriation have
been made by the Governor and Legislative
Assembly Of said Territory and lIy suthor
ny and ~ pursuance 81 an act OF The Cover
nor and Legislative Assomsiy, emitted IAN
aet providins for TIE issuing and disposinT
q IerT.tona BOn1s," approved Narc6
y. $50 1he Territory has a bond
ca debt OF one hundred and dfty
ihousaES dollATs. and by an act
OF congress approved June %. lSS;. h
restrieted 10 creating any bonded Indebted
elhets except for charitable and educa-
power 10 create indebledness Tor sny mr.
rose exec ding ! per cent OF it, taxable
u u uon a. shown BY the last assessmenf
OF its taxable properly for territorial and
coz y purposes Any indebtedness a.
rmpteo 10 he created IN Cacess thereof il
declared void These Londs are exempt
" law from tsaatiOn for any purpose with.
Ia The TcrIitory.
BOLIVAR ROBERTS,
Fefiiiaiizl Treasurer.