Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-26
UTAH BONDS FOR SALE.



I'HE UNDERSIGNED. n PURSU.
4 ance ui the direction % the Loan Com
mis7'uusrs o. the Territory OF Utah, hereby
adyerilses that bids viii be received az biz
Office Iu the city OF >alt lake. said Tern.
tory, hctH cen y o'clock noon Of June llIh,
l-." and = O'Clock noon Of july I2fh,
l-.t, Tor -hc purchase Of, and NJ
which time n sale q the bonds hereinafter
ce-cIiled Wlll &c made. namely Three
hundred uunu-, each % the denomination
of 81 COR. u thc engraved negotiable com
pound ionts of SAID Territory. bearing Eve
per lguium interest per auuum. payable
SEN annually, on The BRIT days % January
and July ~ each year, az the u scret
National Bank in -aid city, or a. such bank
m the city uf New YORK. iu the state %
New York. a. may be designated hy said
loan commissioner, az the option % the
purchasers Of salI bonds.
Tie principal 90 said bonds shall be nay
able in the lawful money o. the United
stale. within tNenty years alter the date
1l their l--ues lut rCl9Cmlh.e 90 the pleas
gre 10 The Icrrt o. after ten years from
date. % Is pros Idci in the Law, tnai a. the
expiration 81 Ten years after the Issuing Of
-all bond, there ID setapart ana arprouri.
algi out % the general funds in The hands
% the Territorial Treasurer % said Tern
tory annually NOT less than tl5,ua0. 20 be
placed bE thu saId treasurer IN q fu1d 10 H..
known 81 th- redemption fgnd." for fhr
redemption Of said huufs Aud 10 l. also
further provided that whenever. after he
expiration % tou year. from ire date Of
the Issuance ot said bonds, there D. avail
auie % SAID redemption fund the SUN OF
slalHn 90 more. % shah Re the duty Of s1rI
treasurer % advert Ec the amount q none
IN the said redemption fund and the numE
Ter OF bonds, numbering them ia the
gf4eF r. lhelr issue, commencing az
the highest number then outstanding.
which such fund j. set apart 10 nav
ar discharge, aud the date when fhev
vii le rlil, and h~uch byuds 80 numbered
IN such advertisement shall not he rre-
scented Tor payment and cancellation al the
expiration Of The date mentioned in such
advertisement. then sus. fund shall remain
% the treasury q the Territory 70 discharge
such bond whenever presented TO- paw
meut, but such bond n D draw no interest
after the expiration Of sari Advertisement.
10 20 case Will said bonds be sold FOR les.
than their face or par value and the accrued
interest ~ The time Of payment therefor
ne BIDS VIII DE- opened and sales made 10
the highest bidders ~ twelve O'Clock noon.
July lfth. l-lQ. II ms Office In SAT- lake
Ciiy, Utah, but before making any award.
security Wlll hc required o. the surre-sfui
ullder Tor compliance with the terms % hi-
lic- and said loan commissioners reserve
the right % reject any and ali bids.
The bonds offered are % Be issued for
the building OF educational and charitable
ln-liuuous. for which appropriations have
been made by the Governor and legislative
Assembly % aid Territory. and igy author
iiy and IN pursuance OF an act OF the Cover
nor aud Legtsiatfve Assembly. entitled IAN
act providing for negotiating n loan for
cert IN pubic purposes" approved March
i. ls.o The T-rrif0ry has n bond.
ed debt Of ose hundred and nftv
tlou-and dollars, and by an act
o. IonEre-s approved June 81. Isl j.
restricted % creating any bonded indebted
e1ness except for charitable and educa-
uenal Institutions. and i limited IN It's
power 20 create Indebtedness for any pur-
pose exceeding ] rer cent Of ifE tsra ~
valuation - shown By the last assessment
OF iis taxable properly for territorial and
c0Luiy purpeses- ANY Indebtedness a.
tempted % be created IN excess thereof Is /
declared void These bonds are exemp
" iAW from taxation for any purpose with
N The Territory.
BOLIVAR ROBERTS,
TnrritnrIal Iraasnrnr -