Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-05-03
UTAH BONDS FOR SALE.
600, Dollars OF Five (5l Per Cent.
Utah Territory Bonds for Sale.

THE UNDERSIGNED. IN PURsU-
ancc OF the direction 9th Loan Com
missioners Of the Territory OF Utah. hereby
advertise: that lids will be received at his
ONCE IN the city Of ealt Lake, said Tern
tory. until Il o'clock. noon. OF the 5lst day
| Of May. ls9o, for The purchase OF, aai al
which time 4 sale Of the bonds hereinafter
described viii be made, namely: Three
hundred bonds. each OF the denomination
OF 81 cor. OF the engraved negotiable com
pound bonds Of said Territory. bearing i've
per centum interest per aunum. payable
semi-annualiy. on the nrst days Of January
and July Of each year, at the ID seret
National Bank in said city, or at such baEk
in the city Of New York. Ia the State OF
New York, as may be designated by said
Loan Commissioners. az the option 81 the
purchasers Of SAID bonds.
The principal OF said bonds shaIl be pay
able IN the lawful money Of the United
States. within twenty years after the date
Of their1.sue, but redecmable At the pleas
ure Of the Territ ny after ten years from
date II Is provided in the law, that AZ the
expiration Of ten years after the Issuing OF
SAID bond. there - setapart and arp-puTi-
al q out OF the general funds in the hands
OF the Territorial Treasurer Of sail Tern
tory annually not less than $1,000. 20 be
placed by the said treasurer IN 4 fuad To be
known As the redemption fund. for the
redemption OF said bonds And II y also
further provided that whenever, after the
expiration OF ten years from the date Of
the Issuance Of said bonds, there Is avail.
able in said redemption fund the SUN Of
Sl5.oO9 or more, Il shall &c the duly Of said
treasurer to advert re The amount OF money
IN the said redemption fund and tho nun
Der OF bonds. numbering them IN the
order OF their issue. commencing Al
which such fund l. set apart TO pay
ar q discharge, and the date when they
will be paid, and fsuch bonds 30 numbered
IN such advertisement shall not be Pre-
scented for payment aud cancellation az the
expiration OF The date mentioned n such
advertisement, then such fund shall remain
in the treasury Of the errifory to discharge
such bond whenever presented TO- pay
meat. but such bond sh j draw no interest
after the expiration OF said advertisement
In no case Will said bonds be sold FOR less
tnan their face or par valne and the accrued
interest a. the time OF payment therefor
The award OF purchase OF said bonds will
be made 10 the highest bidder. but before
making any award. security Will be re-
CURED Of the successful bidder for com.
pliance with the terms OF his 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 SAID Territory. and By author-
ify and in pursuance OF an act Of the Cover
nor and Legislative Assembly, entitled "An
act providing for negotiating 4 loan for
certain public purposes" approved March
Is, 1880 The T-rritory has a bond
ed debt Of one hundred ard hfty
thousand dollars. and by an act
OF Congress approved June 30, 1881 Is
reSfncted 20 creating any bonded indebted
e1ness except for charitable and educa-
-.lonal Institutions, and il limited IN rfs
power 10 create Indebtedness for any pur-
pose exceeding l per cent OF ifs taxable
valuation as shown By the last assessment
Of ifs taxable property for territorial and
couaty purposes Any Indebtedness at
tempted 20 be created in eAcess thereof u
declared void These bonds are exempt
by law from taxation for any purpose with
BOLIVAR ROBERTS.
Territorial Treasurer.