Los Angeles herald., 1891-05-22
NOTICE.
$500 Bonds of the City of Fresno fol
Sale.

Sales
NOTICE is HEREBY GIVEN THAT 1T IS
IN the intention of the board of trustees of
the city of Fresno, and the president thereof, to
offer to the highest and best bidder bonds of said
providing for the purchase Of grounds and the
erection and furnishing building for school
purposes within said city.
Sealed bids for the purchase of the municipal
bonds, issued by the city of Fresno, Fresno
county, state of California, under the act of the
legislature of said state, ,approvedMarch Is, 1889,
entitled IAN act authorizing the incurring of
Indebtedness by cities, towns and municipal cor
porations, incorporated under the laws of this
state, = ior the construction Of water works, sew
for any purpose whatever, and to repeal the act
approved March 8, 1875, entitled, AN act to
authorize municipal corporations of the fifth
class containing more than three thousand, and
less than ten thousand inhabitants to obtain
water works. also, to repeal the,act approved
March l5, 1887, entitled, AN act authorizing
the incurring Of Indebtedness by cities, towns
and municipal corporations, incorporated un-
der the laws of this state," will be received by
of trustees, and the president thereof at his Of
fee in the city hall OF said city of Fresno, coun-
ty OF Fresno, state of California, from the first
m. of the 18th day of June, 1891 when said
bids will be opened and said bonds sold by said
board of trustees and the president thereof, to
the highest bidder, and thereafter for cash in
United States gold coin to be paid for on the de-
livery of said bonds at the city treasurers Office
in said city.
uc sdlc Will COuprls0 IOO DOuuS, OF LQe
character known as serials, of municipal i'm
provement fund No. 5, as said fund was estab-
ished on the 18th day of May, 1891, by ordi-
nance of said city, entitled, "An ordinance pro-
viding for the issue and sale of bonds of the
city of Fresno, for the payment of the costs of
certain permanent municipal Improvements in
said city, for the following purposes, to wit:
For the purchase of school grounds and the
erection and furnishing OF a building for school
purposes-$50 900, in accordance with the re-
suit OF special election held in said city on
the 18th day of April, 1901. pursuant to the
provisions OF an act of the legislature of the
state OF California. approved, March 10,
incurring OF Indebtedness by cities towns
aud municipal corporations, incorporated
under the laws of this state for the con-
sary puolic Improvements, or for any purpose
whatever and to repeal the act approved
March 8. 1885, entitled, An Act to authorize
tainng more than three thousand and less
than ten thousand inhabitants to obtain water
works.; also, to repeal an act approved March
curing of Indebtedness by cities, towns and
municipal corporations, incorporated under
the laws of this State"
bidder must state the number of bonds bid for;
and no bid will be considered at less than the
face value Of the bond bid for.
The board of trustees of said city of Fresno,
and the president thereof, reserve the right to
reject any and all bids.
There will be issued 100 bonds of the demon
ludtlOu VI POOO tdCu, uuuDtTeu respectively
from number one to number one hundred, both
inclusive, and SO drawn as that one-twentieth
part of the same shall be made payable each
year, for twenty years. in the order of their date
and number, with interest on same at per
cent per annum, both principal and interest
payable annually at the Office Of the city treas
urer OF said city
That said bonds will be delivered in such
amounts at time as the board of trustees shall
from time to time determine. provided that all
of said bonds shall be delivered on or before one
after the date thereof. and snah dQlivarv
shall be made with rebate of any and all in
terest appearing to be due at the date thereof
must give an undertaking Of at least W two sum suffi,
the purchase price bid, payable to the city OF
Fresno; on t5e conaitlon tnat SAID purchaser
according to the terms of notice of said sale
and within thirty days after receiving written
notice or readiness on the part OF said Board of
said bonds; or said purchaser may in lieu of
said undertaking deposit certified check or
draft payable to the President Of the Board of
failure to take and pay for bonds SO bid for
by the purchaser within thirty days after
written notice of readiness to deliver
undertaking. or forfeiture Of said
check; and that the sum mentioned in said
undertaking, or check, shall be held and con-
undertaking may be sued upon, or said check
presented and collected Immediately in the
name of said city, and the amount specified
recovered or received as liquidated damages.
Deposit in the United States postoffice at the
City of Fresno, of notice of readiness to deliver
bonds signed by the city clerk, with the seal of
dressed ed and directed to the purchaser at his
place Of residence or business. shall be deemed
and considered as notice to the purchaser of
By order Of the board Of trustees Of the City
Fresno, Mayo, 1891. my22-aot