Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-19
UTAH BONDS FOR SALE.
Three Hundred ThouSand $500
900; Dollars Of Five > Per Cent.
Utah Territory Bonds for = sie.

THE UNDERSIGNED. IN PUR-U-
Il ance Of the direction % the loan Com
missiOners % the Territory % Utah. hereby
auycrilses that bids viii be received a. h4s
Office IN the city o. -alt Lake, said Tern
tory. between - O'Clock noon Of June l-sh,
is91. and y O'Clock noon o. July l2Jh,
ls.o. for :he Purchase o.. aud II
which time a sale - the bonds hereinafter
described viii 1c made, namely Three
hundred bond, earh OF the determination
Of 81 .O0n. OF the engraved negotiable COM
pound bonds Of said Territory. bearing i've
per ceutum interest per anuum. paysa.c
semi annually. on the tr-t days Of Janr try
and July Of each year, At the D-seret
National Bank N said CITY, or 81 such bank
IN the city Of New York, 10 the state %
New York. AZ may be designated by aid
Loan Commissioners. az 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 after the date
OF theirt-su but redeemahie AZ the pleas
ure OF the Tcrrit " after ten years fruu
date IL Is provided IN TIC lay, mat az ne
expiration Of ten year. after the issuing Of
said bond-. there l. setapart ami aIpru.ri
ated out OF the general funds iu the hands
OF the Territorial Urea surer OF san Tern
tory annually not less than Slj0sl. 20 be
placed by the said treasure in a fund 20 be
known a. the redemption fund.-" for he
redemption OF said bonds. And u Is also
further provided that Whenever. after the
expiration OF ten year from IRE date %
the Issuance Of said bonds, the D. avail
able in SAID redemption fund the sam o.
sl5,0Qa or more. u shall oe the duty Of slid
treasurer 10 adveTtze the amount q none
In the said redemption fund and the nuruE
Der Of boud=. numbering them IN the
0fticr OF their issue. commencing at
the highest uumi-gg- then outstanding.
which such fund b set apart 10 paw
ar d ls.harge. and the date when they
will be paid. and II such bonds 80 numbered
81 HHHHa boil
scented for payment and cancellation nj the
expiration Of the date mentioned Ia such
advertisement. then such fund shail remain
in the treasury Of the erritory ~ discharge
such bond whenever presented f0g pay
ment. but such bond 81 u draw no intere. c
after the expiration Of said advertisement
In no ease viii said bonds be sold for les
tnan their face or par value ard the accrued
The bids viii be opened and sales made 90
the highest bidders Al twelve O'Clock noon.
July 18th, l-lo, 20 ny Office in Sal: I axe
City. Utah, but before making any award
security wall be required Of the successful
bidder for compliance with the terms OF his
bid, and said loan commissioners reserve
the right 20 reject any and all bids.
The bonds offered are % be issued Z r
the building OF educational and Charitable
Institutions. for which appropriations haye
been made By the Governor and e.islative
Assembly OF said Territory. and by author.
Iiy and m pursuance OF an act Of the Cover
nor and l.eglslaiive Assembly, entitled IAN
act providing for negotiating 4 loan for
cerfain public purposes" approved March
u, lsao The Territory has a bond
ed debt % ore hundred and fifty
thousand doilars, and BY an act
OF Congress approved June %. ls.i u
restricted 70 creating any bonded indebted
| e1ness except for charitable and educa-
uOnal institutions, aud u limited IN It's
power TO create indebtedness for any pur.
pose exceeding ! per cent OF It's taxable
valustiou - shown by the last assessment
% its taxable property for territorial and
county purposes. ANY Indebtedness ~
tempted q he created IN excess thereof Il
declared void These bonds are exempt
~ law from taxaiion for anT purpose with
"a the Territory.
BOLIVAR ROBERTS.
Territorial Treasurer.