Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-06-13
UTAH BONDS FoR SALE.
Three Hundred Thousand $780,
600 Dollars Of Five 90 Per Cent.
Utah Territory Bonds for sale.

THE UNDERSIGNED, IN PURsU.
| = anee II the direction Of the Loan Com.
missioners OF the Territory OF Utah, hereby
adyeriises that bids will be received AZ his
once IN the city OF salt Lake, said Tern
tory, between - o'clock noon Of June 80.
ls.H. Tor the purchase OF the bonds
hereinafter described, namcly. Three
hundred hond-, each Of the denomination
OF 81 90. Of the engraved negstiable eou-
roh bonds Of said Territory. bearing ave
per centum late est per Annum. payable
mi-annualiy, on the hrst days Of January
End July n each year. at the Drscret
Naional Blnk n EHid city. or at such bank
IN the city OF New York, in the state Of
New York as may be dtsigr ated by said
Loan CommissloueTs, ai the option Of the
purchase r. Of said BONDS
The principal Of SAID bonds shall be pay
s1le IN the lawful money % the United
stSies, within tnenty years after the date
OF irls-no, but redeemablc at the pleas
Ire Of the Tern. y After ten years from
date. IL is provided in the law. that al the
expiration Of ten years after the issuing OF
said bonds there shall be set apart and arpro-
pTia .i q out OF the general funds in the hands
OF the Territorial Treasurer Of aid Terri.
tori annually the sam Of fscce0. 70 be
placed by the said treasurer in 4 fund TO be
known - The redemption fund.-" for the
redemption o. said bOnds- And Il Is also
further prU-iiei that Whenever, sfter The
expiration Of ten years from tie date uf
the issuance % s1id b5Rcs, there Is avail
a1le IN SAID redemption fr-d the sam Of
SSuivls or more. . shall tc the dutr ~ SAID
treasurer 70 EdycIi re the amount Of monSS
N the said redemption fund and the num-
Ieg OF bonds, numbering them in the
ofder OF iheu issue. commencing AZ
the highest number then outstanding,
which such fund i set apart TO pay
Al dis ,haTge, and the date when they
VIII be paid, ana ifsuch bonds 80 numbered
IN such advertisement shall not be IRE
scented for payment aud cancellation al the
expiration Of The date mentioned in such
advertisement then such fund shall remain
in the treasury OF the ! erritory 70 discharge
such bond whenever presented for par
meat, but such bond sh-il draw no interest
sfter the expiration OF tho date mentioned
in such publication.
In no ease Will said bonds be solo for less
inan their face or PAR value and the accrued
interest a; the time Of their disposal.
Tue bi1s viii be opened and salcr made 10
tue highest bidders a. twelve O'Clock noon.
Jlly sist, lsss. az my oftce in Salt Lake
Cay. UtHn, but before making any award,
security VIII be required OF the successful
bidder for compliance with the terms Of his
bad. and said loan commissioners reserve
the night 70 reiec; any aud all bids
Ihe bonds offered are 10 be issued for
the baliding OF educational and charitable
insliiuiious, for winch appropriations have
leen made By the Governor and Legislative
assembly, OF sad Territory, and by author
ny and N pursuance of an act Of the Cover.
Dor and legislative Assembly, entitled IAN
ACT providing for The issuing and dispcsinE
81 Territorial Bonos," approved March
j., leo The T-rriiory has a bond
cd debt OF one eundred and nfty
thous2ni collars. and by an act
OF congress approved June 30. ISIS. Is
restricted TO creating any bonded indebted
c1ness except Tor chautablo and educa-
tonal institutions. and u limited IN It's
lower TO create Indebtedness FOR any pur-
rose exceeding ! per cent Of lie taxable
Naiuaiiou hs shown by the laft assessment
81 It's taxable properly for tea riiorial and
e"ui " puTposes- ABy indebtedness at
declared void These boads are exempt
- law from taxation for any purpose with
~ The Tenitary.
BOLIVAR RoBIlIs.
Territorial treasurer.
salt Lake CITY, May =, lss1.