Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-23
Three Hundred ThOusand $500,
600, Dollars OF Five ~ Per Cent
Utah Territory Bonds for Sale.

ITHE UNDERSIGNED. IN PURsU
Il aucc OF the direction Of the Loan Com
missiouers OF the Territory OF Utah. hereby
advertises that bids viii be received at hi.
olnee IN me city o. salt Lake, said Tern
tory, between l. O'Clock noon Of June lsth
ls..9, and Il O'Clock noon Of July lsth
1871, for The purchase OF. and al
which time sale Of the bonds hereinafter
hundred bonds, each OF the Denomination
of 81 ,ouo, OF the engraved negotiable com.
| pound bonds Of said Territory, bearing I've
| per cenium Interest per annum. payable
semi -annually, on the iirst days Of JANUARY
! and July OF each year. at the n-serrf
National Bank in said city, or al such mans
IN the city Of New York, IN the state N
/ New York. as may be designated by said
Loan Commissioners, al the option Of the
purchasers OF said bonds.
/ The principal OF said bonds shall be nav
able in the lawful money OF the United
! stsies, within u enfy years alter the t1te
| OF their issue, but redeemable al the pleas
ure OF The Territnry after ten years from
date. IL u provided In the Law, that Al he
/ expiration Of ten years after the issuing 81
SAID bonds, there IL setapart and af.prnpri-
| aied out OF the general funds IN The hands
| OF the Territorial Treasurer Of said Tern
placed by the said treasurer in a fund 10 BE-
known a. the redemption fund" for the
redemption % said bonds And II i alec
further provided that whenever. after The
expiration OF ten years from Tire date u
the issuance Of said bonds, there Is await
a1le N SAID redemption fund the sum of
sia-u4- or more. 10 shail he the duty OF SAID
treasurer 20 adyeTtiEe the amount 81 none
IN the said redemption fund and the numG
Der OF bonds. numbering them in ~.
order OF their issue cotumenrins- n
the highest number then outstaudips.
which such fund i set apart 10 nav
AZ discharge, and the date when they
VIII be paid, and u such bonds 80 uufni.ere-i
IN EuEn NuWNTGnzErmnme ali q.
sented Tor payment and cancellation al the
expiration OF the date mentioned in such
advertisement, then such fund shaIl remain
IN me treasury OF the erritory 20 discharge
such bond whenever presented for nav
tnent. but such bond IA u draw no interest
atter the expiration OF aid Advertisement
IN no case Will said bonds be sold for less
than their lace or par vaiue and the accrued
interest AZ the time OF payment therefor.
The lads will be opened and sales made H.
me highest bidders AZ twelve o'rlcck noon
jay lith. l-.sl, at my ONCE in salt AZ
Cily, Utah, but before making any award.
i'f,,'il.s VII be required Of the successful
ulIuef Tor compliance with the terms OF ht-
OH anu said loan commissioners reserve
'he z. sht 70 reject any and all blds.
ne bonds offered arc 10 be issued for
VIC -uliaing OF educational and charitable |
INSTITUTIONS. for which APPROXIMATIONS have
Deei made oy the Governor and Iegisiafiye |
aestnoly OF SAID Territory. and BY author
~ ana IN pursuance Of an act OF the Cover /
nor and legislative Assembly. entitled .sAn /
Act p'oviding for negotiating a loan FOR
Sertsin public purposes" approved March /
-. 10 HE T-rrifory has a bond
ca debt OF one hundred and dffv
tnousand dollars, and BY an act |
o. congress approved June 50 Isl h Il
J restricted 70 creating any bonded Indebted
s e1ness except for charitable and educa.
uonal Institutions, and l. limited m ~
power 10 create Indebtedness for any pur-
pose exceeding ] per cent OF il taxable
a. "a ton A. shown by the last assessment
OF Us taxabie property for territorial and
oeLiy purposes Any Indebtedness a.
- pteo 70 be created IN eNcess thereof Is
1eclared void These bonds are exenp
~ . .AN rom TAXATION for any purpose with
BOLIVAR ROBERTS,
Territorial Treasurer. !