Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-01
UTAH BONDS FOR SALE.
600, Dollars Of Five 90 Per Cent.
Utah Territory Bonds for Sale.

THE rNnERsIGN I'd. IN PUR>U-
Il ance Of the direction oftho Loan Com
missioner OF the ierri.cry Of Jt1h, hereby
Adyersises that bids Will be received Al hls
ulace IN the city OF salt Lake. said Tern
tory, uniil = O'Clock. noon. q the JIsf day
of May, ls'-i, for .he purchase OF, AMI II
which TINE sale Of the bones hereinafter
dcscribcd will be made. nsuciys Three
hundred bonds, each % the determination
OF 81 .foo. Of tic engraved ncEstiabic cou1-
pond bonds Of SAID Territory. bearing Eve
per centum interest per snnum. payable
scmi annually, on the 1rsl days OF January
and July % each year. az the d -crst
Rational Bank 10 sald CITY, or ~ such bank
IN Tie city Of Sew YORK. b. the STATE q
New York. a. may b designated by satd
Loan COMMISSIONER, a. the or.i-a ~ Tie
purchasers Of said bonds.
Ihs principal Of sald bonds fhail be pay
able IN re lawful money Of The Ulited
States. within tNen:T --srs sitter the Gale
OF thefrissue, bat rcdccmahlE \. che pleas
urc Of The Terut y amer ten years frr-,
date. IL Is provided IN the Law, that At the
expiration Of ten ycars AFTER the issuing OF
SAID b0nd-, there - setapart ana aEpropri-
atgd out Of the general funds m the hands
Of the Territorial Treasurer OF said Tern
tory annually not less than fii,oeo, 20 be
placed By the said treasurer IN a Iuad 10 Dc
known - the redemption fund" for the
redemption Of said tOncs- and u Is also
further provided thas whenever. after the
eNpirefion Of ten yclrs from ttc date 81
The issuance Of said bonds, there d avail
able IN salf redemption fund the sun OF
sis.Q19 OF more, 10 shal &c the duty Of SAID
treasurer TO advert re the amount u money
In the said redemption fund and the urm-
Ter Of bonds. numbering tLcm Ia the
Order OF their issue, commencing At
the highest number thea outstanding.
which Euch fund y set apart TO pay
ar discharge. and the date when they
viii &c paid. aud " such bonds 50 nun rel
IN such Advertisement shah not be IRE
scented for payment and cancellation al tho
expiration OF The date mentioned in such
advertisement. then such fund shall remain
IN the treasury Of the errIfory 10 discharge
such Lund whenever presented 10. nay
Ineut, but such bond N II draw no interest
after the expiration o. sad advertisement.
IL no case viii said bonds be sold for less
tnan their face or par value and tae accrued
interest At the time OF payment therefor.
be award Of pafehase OF said bouds will
be made 10 the highest bidder. but before
making any award. security vail BE- re-
quired Of the successful bidder for com.
piiancc with the terins OF has bid, and said
loan commissioners reserve the rigs: 4,
reject any and all bids.
The bonds offered a-s % be issued f.r
the building q educational and charitable !
for which appropriations have !
ycen made By the Governor and legislative
Assembly Of SAID Territory, and by tuthor.
~ and m pursuance OF an act OF the Cover
nor and legislative Assembly. entitled sAn
lct providing for Negotiating a loan for |
'crtain public rurpose-.' approsci .arch /
=. lslO The I-rriioTy has & bond
"A cebt Of one hundred and nny
thousand dollars, and BIZ an act |
u congress approved junG 80, Is j. i
restricted TO creating any bonded indebted Il
ines except Tor charitable and educa-
ional institutions. and IS limited IN IT. 1
lower to create Indebtedness FOR any pur.
'osc exceeding I per cent Of ifs taxable |
'aiuaiion as shown By the last assessment
4 its taxable property for territorial and /
on y purposcs- ANY Indebtedness a.
empted % be created IN excess thereof IL
ecl4red void These bonds are excmp:
> law from t1Niiion FOR any purpose with
4 the Territory.
BOLIVAR ROBERTS.
TcrriiQriai Treasurer.