Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-06
UTAH BONDS FOR SALE.
Three Hundred Thousand $780,.
O0o, Dollars OF Five l5l Fer Cent.
Utah Territory bonds for sale.


THE UNDERSIGNED, IN PURsU
l. anoe OF the direction OF the Loan Com
nissioners OF the Territory OF Utah. hercbI
adycruses that bids Will be received al hi
ONCE IN the city OF salt Lake, said Terri
tory; until " O'Clock. noon, OF the Slst day
OF May, ls.T, for he purchase OF. and d
which time = sale Of the bonds hereinaftel
| described VIII be made, namely. Three
hundred bonds. each OF the denotuinafiou
Of 81 90. OF the engraved negotiable CON.
pound bonds Of said Tefntory. bearing Ave
per ccntum interest per annum. PAYABLE
semi annually. on the nrst days Of January
i and July OF each year, Al the D~seref
National Bank 10 said city, or at such bank
IN the city OF New YORK, Ia the State OF
| View YORK. a. may be desiErafcd by said
Loan Commissioners, a. the option Of Inc
/ purchasers OF said bonds
The pTincipa. of SAID bonds shaii be nav.
able IN the lawful money OF the United
| States. within IN cnty years alter the dafe
Of their issue. but redeemable ~ the pleas.
ure OF the Terrst y after ten Years from
date IL Il provided In the law, thar al the
expiration OF ten years after the issuing OF
| said bonds. there is set apart and af,pronri-
ated out OF the general funds In the hands
OF the Territorial Treasurer Of SAID Tern
tory annually not lees than Sl5.0QO 10 he
placed By the said treasurer in fund 70 be
known as the redemption fund.- for the
redemption Of said Donds- And II Is also
further provided that whenever, after the
expiration OF ten years from the date of
the Issuance OF said bonds. there - avail
able N said redemption fund the sum Of
sl3.o.s OF more, u sha!l Ue the duty OF SAID
treasurer 10 adveTtLe the amount Of money
IN the said redemption fund and the uurn.
DC. OF 1onds. numbering them in the
ofuer OF their issue. commencing at
me highest number then outstanding,
which such fund i set apart 10 nav
~ discharge. and the date when fhey
VIII be Pod, and II such bonds 50 numbered
IN such Advertisement shall not DC IRE
sentcd for payment aud cancellation al The
expiration Of abe date mentioned in such
advertisement, then such fund shall remain
IN the treasury Of the ] crrifory % discharge
such bond whenever presented fos par-
nent. Tut such bond n n draw no interest
alter me expiration OF sad advertisement
In no ease viii said bonds be sold for less
tnAn their face or par value and the accrued
interest a. the time Of payment therefor
Tue award Of purchase OF said bonds will
be made 70 the highest bidder, but before
inAking any award. security will be re-
CURED OF the successful bidder for com
pii4nce with the terms OF his bid and said |
loan commissioners reserve The right 10 |
reject any and ali bids.
The bonds offered are 10 be issued for \
the building Of educational and charitable
institutions, for which appropriaiions have |
teen made BY the Governor and Legislative |
Assembly OF said Territory. and By author |
ny and IN pursuance Of an act Of the Cover |
nor and legislative Assembly. entitled IAN
act providing for negotiating a loan for 4
eertsin public purposes" approved March
u. lso The T-rritoTy has 3 bond
ed dcbt Of one hundred and ffty
thousand dollars. and By an act
OF Congress approved June 90, 1855 Is
restricted 70 creating any bonded indebted
1ness except for charitAbie and educa-
iionAi Institutions. and Il limited IN its
power 70 create Indebtedness for any pur-
pose exceeding ! per cent % rs taxable
Taiualon as shown by the last assessment
lf lie taxable property for territorial and
,ousty purposes ANY Indebtedness at
empted TO be created in e1cess thereof fs
declared void These bonds are exempt
y the Territory.
BOLIVAR ROBERTS,
Territorial Treasurer