The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-05-17
lssaA e sls]aS''
|BEAUTYof POLISH
SAVING LABOR, CLEANLINESS,
Observation-Disclosures .UNE0uALLED.|
No OD0R WHEN HEATED.
UTAH BONDS FOR SALE,
Three Hundred Thousand (s3OO,OO Dollars
of Five 90 Per Cent. Utah Territory
Bonds for Sale.

THE UNDERSIGNED, IN PURSUANCE OF
4 tne direction OF the loan commissioners of
the territory of Utah, hereby advertises thai
Dlds Will be received at his office in the CITY Of
salt Lake, said territory, between IL O'clock
noon, OF June II, 1890, and Il O'Clock, noon
OF July .l2, 1890, for the purchase of
ana at which. time sale of the bonds herein
after described will be made namely: Three
hundred ~ d bonds, each of the denomination of
SlOOu OF the engraved negotiable compound
ponds OF aid territory bearing five per centum
interest," per annum, payable semi annually on
on the nrsG days OF January and July of each
year, at the DeSere National bank in said citu
or at Sucn bank III Tn city of New York in the
state OF New York, as may be designated nv
stla loan commissioners, at the option Of the
pure nasers Of said bonds
lac prlncip3i of said bonds shall be PAYABLE
IN the lawful money of the United States
WItnln twenty years afterthe date of theirissue.
Out redeemsble at the pleasure of the TERRITORY
after ten years from date 1t is provided i'm tbs
law, that al the expiration of ten years after
the Issuing OF said bonds, there is set apart
ana appropriated out of the general funds in
the hands Of the territorial treasurer of said
territory annually not less than $1,000 To he
paced Dy the said treasurer in q fund to be
known as the redemption fund for the re-
dempt1on OF said bonds And it is also further
provided that whenever, after the expiration of
ten years from the date of the issuance of said
DOnuS. there is available in said redemptiOn
fund the sum of $1,000 or more in shall he the
duty of said treasurer to advertise the amount
OF money In the said redemption fund and the
NUMBER OF bonds. numbering them in the order Of
tneir issue, commencing at the highest number
then outstanding, which such fund is set apart
70 pay ana OlScnarge, and the date when thew
Will pc Dalu, ana such bonds so numbered in
such advertisement shall not be presented for
payment and cancellation at the expiration of
the date mentioned in such advertisement, then
such fund shall remain in the treasure Of the
territory TO discharge such bond whenever pre-
Sented for payment, but such bond shall draw
no interest after the expiration of said adyer-
tiSement
In no case will said bonds be sold for less
than their face or par value and the accrued in
tereSt at Tue time of payment therefor The
Dlds VIII oe opened anG the sales made to the
IA, losO, at my Office in Salt Lake city
Utah. but before making any award
security Will be required of the success
Iul Dloder fOr com pliance with the terms of his
old, and said Ian commissioners reserve the
rlgnt 10 reject my and all bids.
Inc ponds offered are to be issued for the
Dulluilg OF educational and charitable lnstitu-
py tne governor and legislative assembly of said
Ierrltor,3 and by authority and in pursuance OF
an act OF the governor and legislative assembly
entlr led IAN act providing for negotiating a
load for certain public purposes" approved
H1arch 3D. 1890 The territory has bonded debt
! OF one hundred and fifty thousand dollars and
/ by an act of Congress approved June 30 1856 is
restricted to creating any bonded Indebtedness
| except for charitable and educational institu-
tons, and is limited in its power to create in
| debtedness for any purpose exceeding 1 per
| cent. OF Its taxable valuation as shown by the
| last assessment of its taxable property for ter
ritorial and county purposes. Any indebted
4 ness attempted TO be created in excess thereof
is declared void. These bonds are exempt by
law from taxation for any purpose within the
| territory. BOLIVAR ROBERTS,
| Territorial Treasurer