Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-13
UTAH BONDS FOR SALE.
Three Hundred Thousand $780,.
900 Dollars of Five a. Per Cent.
Itnh Territory bonds for Sale.


THE UNDERSIGNED, IN PUGsU.
l. Ancc OF the direction Of the Loan Com.
rnissioners OF the Territory OF Utah. hereby
adyertses that bids will be received at his
once IN the city OF -alt Lake, sAid Terri
tory, between l. O'Clock noon OF June 18th.
lseJ. and Il O'Clock noon OF July lsih.
is9o. for the purchase OF, and II
which time a sale Of the bonds hereinafter
described VIII &c made, namely: Three
hundred bond, each OF the denomination
OF Si,ooo. Of the engraved negotiable com
pound bonds OF said Tei rit0ry, bearing i've
per eentutn interest per annun. payable
semi-annually, on the hrSt days OF January
and July Of each year. at the D-seret
National Bank in said city, or at such bank
in the city Of New York, ia the state Of
New York. ~ may be designated by said
Loan Commissioners. at the option Of the
purchasers OF said bonds.
The principal OF said bonds shall be pay
able In the lawful money OF the United
OF theirI-su but redeemabie at the pleas
ure OF the Territiry after ten years from
date IL ~ provided in the Law. that Al the
expiration Of ten years after the issuing OF
sand bonds, there IL setapart and aPpropri-
ated out OF the general funds IN the hands
OF the Territorial Treasurer Of said Terri
tory annually not less than $1,000. to be
placed by the said treasurer in i fuud TO be
known a. the redemption fund.-" for the
redemption Of said bonds. And Il i also
further provided that whenever. after the
expiration OF ten years from the date OF
the Issuance Of said bonds, there l. avail
able IN said redemption fund the sun OF
SIS. 0u9 or more, Il shall be the duty OF said
treasurer 20 advertze the amount % money
IN the said redemption fund and the num-
Der OF bonds. numbering them in the
ofder OF their issue. commencing at
the highest number then outstanding,
which such fund u set apart to pay
ar d discharge, and the date when thew
VIII be paid, and ifsuch bonds 30 numbered
IN such advertisement shall not be rre-
sented for payment and cancellation at the
expiration OF The date mentioned in such
advertisement, then such fund shall remain
in the treasury OF the 4 erritOry to discharge
such bond whenever presented foi pay
ment, but such bond sh-ll draw no interest
after the expiration OF said advertisement
In no case will said bonds be sold for less
tnan their face or par value and the accrued
interest n the time OF payment therefor.
The bids will be opened and sales made 10
the highest bidders at twelve O'Clock noon,
July Ath. lseo. AZ my ONCE in Salt Lake
Siiy, otah, 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 % reject anT and all bids
The bonds offered are to be Issued for
the building Of educational and Charitable
institutions. for which appropriations have
been made By the Governor and Legislative
Assembly Of said Territory, and by author.
ity and IN pursuance OF an act OF the Cover
nor and Legislative Assembly. entitled "An
act providing for Negotiating loan for
certain public purposes" approved March
u. 1890 The territory has a bond
ed debt OF one hundred and dfty
thousand dollars. and by an act
OF Congress approved June %. ISIS is
restricted to creating any bonded indebted
e1nees except for charitable and eJoca.
uonAl Institutions. and Is limited IN is |
power 10 create Indebtedness for any pur- |
% rs taxable property for territorial and /
,ou.fy purposes Any indebtedness az
empted TO be created IN e1cess thereof IL
declared void These bonds are excrnp
y law from taxation for any purpose whit
B6LryAR ROBERTS,
Territorial Treasurer.