Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-15
UTAH BONDS FOR SALE.


THE UNDERSIGNED, IN PURSU
i ance OF the direction OF the Loan Com
missioners OF the Territory OF Utah. hereby
advertises that bids will be received at IN
ONCE IN the city OF >alt Lake, said Tern
| tory, between Il O'Clock noon Of June 18th
ls90, and l2 O'Clock noon Of July isih
ls9n. for The purchase OF. and N
which time a sale Of the bonds hereinafter
described will Se made, namely. Three
hundred bond, each OF the denominatsDn
OF 81 ,Oco. OF the engraved negotiable CON.
pound bonds Of said Territory, bearing five
per centum interest per annum. payable
semi-annuAlly. on the first days Of January
and July Of each year, At the Drserei
National Bank in said city, or at such bani
in the city OF New York, IN the state OF
New York as may be designated by said
Loan Commissioner, 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 twenty years alter the date
Of their Issue. but redeemnble nj the pleas
ure of the Territory after ten years from
date. IL Is provided In the law, that At the
expiration Of ten years after the issuing Of
said bonds, there ~ setApsrt and aEpropri-
ated out % the general funds in the hands
OF the Territorial Treasurer OF SAID Tern
tory annually not less than $1,000. TO be
placed BY the said treasurer IN fuud % be
known rs the redemption fund" for the
redemption OF said bonds. And n = also
expiration Of ten years from tire date OF
the issuance Of said bonds, there y avail
able IN said redemption fund the sum Of
si3.oya or more, u shall be the duty of said
treasurer 10 advertze the amount u money
IN the said redemption fund and the mum
Der OF bonds. numbering them IN the
order Of their issue. commencing al
the highest number then outstanding.
which such fund n set apart TO pay
ar discharge, and the date when they
will be paii, and ifsuch bonds 80 numbered
IN such advertisement shall not be pre-
scented for payment and cancellation NJ the
expiration of the date mentioned IN such
advertisement, thea such fund shall remain
In the treasury Of the Territory 10 discharge
such bond whenever presented for pay
nent. but such bond rh~ll draw no Interest
after the expiration Of said advertisement
In no case will said bonds be sold for less
than their face or par value and the accrued
interest at The time Of payment therefor.
The bids will be opened and sales made 70
the highest bidders At twelve o'cicck noon,
July lith. l,s.0. AZ my ONCE In salt Lake
City. Utah, but before making any award.
security VIII be required Of the successful
bidder Tor compliance with the terms OF be
bid, and said loan Commissioners reserve
the right 10 reject any and all bids.
The bonds offered are to be issued for
the building Of educational and charitable
institutions, for which appropriations have
been made by the Governor and Legislative
Assembly OF sAfd Territory, and by author-
lily and IN pursuance Of an act OF the Cover
nor and Legislative Assembly, entitled IAN
act providing for negotiating loan for
eertaln public purposes" approved March
II. lsso The Territory has bond
ed debt Of one hundred and hfty
thousand dollars, and by an act
OF Congress approved June 80. 1881 Is
restricted 10 creating any bonded indebted
e1ness except for charitable and educa-
uonAl Institutions. and Is limited IN ITS
power 10 create indebtedness for any pur-
pose exceeding ! per cent Of ifs taxable
AluAton as shown by the last assessment
Of its taxable properly for territorial and
county purposes Any Indebtedness AZ
TO be created IN excess thereof is
declared void These bonds are exempt
b law from taxation for any purpose with
N the Territory.
% 8 BOLIVAR ROBERTS.
Territorial Treasurer.