Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-06-03
UTAH BONDS FOR SALE.
Three Hundred ThOusand $780,
ooo) Dollars Of Five ~ Per Cent
Utah Territory Bonds for Sale.

THE UNDERSIGNED, IN PURSU-
u anee Of the direction Of the Loan Com
nissioners Of the Territory OF Utah, hereby
advertises that bids will be received a. his
offce in the city OF salt Lake, said Tern
tory, between u O'Clock noon Of June %,
lss0, and u o'clock noon Of July %,
IsSo. for the purchase Of the eonds
hereinafter described. namely; Three
hundred bond, each Of the DENOMINATION
OF 81 600, Of ihe enSraVed nessuable eou-
pom bonds OF said Territory. bearing I'VE
per centum inter est per Eunurn. payable
semi annually, on the hrst days Of January
and July Of each year. at the Descret
National Bank IN said city, or Al such bank
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 pay
able IN the lawful money Of the United
States within ~ enty years after the dafe
Of theirIssue, but redeemable st the pieAs-
ure Of the Territnry after ten years from
date IL h provided in the law, thai Al the
expiration OF ten years after the issuing OF
said bonds there shall be set apart and aFpro-
priaIed out OF the general funds In the hands
Of the Territorial Treasurer OF said Tern
tory annually the sum Of 5000. TO be
placed by the said treasurer in fund 10 be
known A. the Redemption fund. Tor the
redemption Of said bonds And Il u also
further provided that Whenever, AFTER the
expiration Of ton years from TIRE date OF
the issuance Of said bonds, there y avail
able in said redemption fund the sum OF
$50 eos or more, II shAll be the duty Of sad
treasurer 20 adveTnEe the amount Of money
IN the said redemption fund and the NUM-
Der Of bonds. numbering ihem IN the
orter OF their issue. commencing a.
the highest number then outstanding.
which such fund u set apart 10 pay
AZ q discharge, and the date when they
will be paid, and nsuch bonds 50 numbered
IN such advertisement shall not be Ere
sented for payment aud cancellation Al the
expiration Of The date mentioned in such
advertisement, then sucs fund shah remain
in the treasury OF the Territory 20 discharge
such bond whenever prevented for pay
ment bat such bond sh.ll draw no interest
after the expiration OF the date mentioned
In no case viii said bonds be sold for less
tnan their face or par yalne and the accrued
interest AZ the ume OF their dsposA-
The lads will be opened and sales made 70
he highest bidders a. twelve O'Clock noon,
Jaiy 1lst. ls9o. AZ my ofhce in salt Lake
City. Utah, but before making any award,
security Will be required OF the successful
bidder Tor ooInpliance with the teruas OF bis
! b;d. and said loan commissioners reserve
the right 20 reject any and all bids.
Tne bonds offered are 20 be issued for
the building OF educational and charitable
Instiiutions, for which appropriations have
been made By the Governor and Legislative
Assembly OF said Territory. and By Anthor.
ny and IN pursuance OF an act OF the Cover
nor aud legislative Assembly, entitled IAN
act providing for the issuing and dtspcsing
Of Territorial Bonds" approved March
Il, lsso The Territory has bond,
cd debt OF one hundred. and city
thousand dollars, and By an act
Of Congress approved June %, lss5- u
restricted 20 creAunx any bonded indebted
e1ness except for charitable and educa'
tsonal Institutions. Hrd Il iimite1 IN rs
power 20 create Indebtedness for any pur-
pose exceeding l per cent Of rs taxable
valuation e shown By The last assessment
OF It's taxable property for te-ritoriAl anc
County purposes Any Indebtedness A.
tempted to be created IN eaeess thereof ..
declared void These bonds are exempt
~ law from tsxaiion for any purpose with
m the Territory
BOLIVAR RoBER1s.
Territorial Treasurer.
salt Lake City, May %. 1873.