Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-06-14
UTAH BONDS FOR SALE.
Three Hundred Thousand $780,
600 Dollars OF Five t5) Per Cent.
Utah Territory bonds for Sale.

| TNHE UNDERSIGNED, IN PURsU.
l. anoe OF the direction Of the Loan Com
missioners Of the Territory OF Utah. hereby
a1vertisee that bids Will be received AZ bis
Office IN the city. Of salt LAhe, said Tern
tory, between Il O'Clock noon Of June 30
lsso, and u o'clock noon Of july 80,
$50, for the purchase of the bonds
I Hvr-in-..ssE described. namely: Three
hundred boud.. each OF tao denomination
o. VI, %. Of the engraved negotiable eou-
Pou bonds OF said Territory. bearing I'VE
Per cenium intAI est per. annun. payable
semi annually. on the ORE; days OF January
and July Of each year, at the Drceret
National Bank in said city, or a. such bank
IN the city Of New York. IN the State Of
New York. as may he designated by said
Loan Commissioners. AZ the option Of the
PURCHASERS Of saii beads.
The principal OF SAID bonds shall be pay
able In the lawful money OF the United
stHies, within tNcniy years after the date
Of ihsirlssEe. but redeenable at the pleas
ure oil the 1errti y after ten years from
date. 10 Is provided IN the Law, that at the
eapiratiun OF ten years after the issuing OF
s7id Sond-, there shall be set apart And sIpro-
priated out OF the general funds In the hands
Of the Territorial Treasurer OF said Tern.
\ tory annually the sum Of Sso,0eo, TO be
placed By the t7id treasurer in fund 20 he
known a. TIE redemption fund" for the
redemption Of said bonds. And Il is also
further provided that whSneveT, after the
N-fAatAAA ~ ANA YEATS rum NEE late u
the Issuance Of said bondS, there IS avail
anle IN said redemption fund the sum OF
as1.es or more, u shNl be the .lty o. said
treasurer q Adyertire the amount OF money
IN the said redemption fund and the NUN.
Yer OF bonds. numbering them In the
osder Of their issue. commencing Al
the highest number then outstanding,
which such fund !. set apart TO pay
ar q discharge, and the date when they
VIII he paid, and u such bonds 80 numbered
EUfsh advertisements kun n
scented for payment and cancellation al the
expiration Of the date mentioned IN spch
advertisement then such f-nd shall remain
IN the ire-s-rs 81 the erritory 10 discharge
ment, but such bond sh-Il draw no interest
after the expiration Of the date mentioned
IN such publication
In no case VIII said bonds be SOLD for le.s
than their face or par value and the accrued
interest AZ the tune Of their disposal.
The bids Will be opened and sales made 10
the higheS, bidders al twelve O'Clock noon.
July Jlst. 100, AZ my Of;icc IN salt Laku
Ctiy, Utah, but before making any award.
security Will he required Of TIE successful
' Lidaer i9r compliance With The terms Of his
ni1- and said loan commissioners reserve
the rfght 20 reject any and all cids.
Ihr Ionb onered are 70 be Issued for
ne building OF educational and charifable
,,h ,.,. ior which appropriations hsTs
Assembly Of sar. TtrriiogV. and IN suthor-
ny and m pursaanos of an act Of the Cover.
nor anu legislative Assembly, entified "a,
1et groHiqing for TIE issuing and dispcsing
- ierrtoual B0nds," approved March
~, 10 Ihe Territory has a bond
e. ee5t OF one hundred and ATTY
lnouaani dollars, and by an Al
o. congress approved June 80. 1854 h
IssIicivG 10 creating any bonded indebted
eSLets except for chariIAbls and etuca-
uonal Institutions. and Is limited IN 10
l.oNer 70 create Indebtedness for any pur.
iose exceeding ] per cent. Of ifs lax HE
NtiuAiiou hs shown by the Last aEsessment
o. US ia.Eb!e properly Tor territorial and
cot, " purposes Any inctbtecness AZ
irmpten 70 be created IN eacrss thereof 10
" law from taxation for any rurpose VIII
IN the Territory.
BOLIVAR ROBERTS.
Territorial Treasurer.