Los Angeles herald., 1891-05-25
NOTICE.
$50, 900 Bonds of the City Of Fresno for
Sale.

$50, 900 Bonds of the City Of Fresno for
Sale.
NOTICE is HEREBY GIVEN THAT 1T IS
~ the intention OF the board 81 trustees OF
the city of Fresno, and the presideEt thereof to
offer to the highest and best bidder bonds of said
city to the amount of $50 900 for the purpose of
providing for the purchase Of gF9nlds H. and me
purposes within said city.
Sealed bids for the purchase of the muhicipat
sate o. iy under U the
legislature of said state appT0vedM March 1ps1sSS,
entitled IAN act authorizing the incurring of
indebtedness,b by cities, ,townsand municipal cor
poratiens, incorporated under the laws ofithis
state, for the construction of water work esewI
ersand sll necessary public improvements or
for any purpose whatever, and to repeal the act
approved March g., 1885, entstled, AN act'to
authorize municipal corporations of the fifth
class containing mere than three thousand, and
less than ten thousand inhabitants to obtain
water works, also 90 repeal the act approysf
March i5 1887 ontItdedy AN act authorizing
the incurring of Indebtedness by cities towns
der the laws of this statey'" will be received by
the city clerk of said city on behalf OF the board
of trustees, and the president thereof, at bis Of
flee in the cityshal of said city of Fresno, coun-
ty of Fresno, state of California, from the first
publication Of this notice to she hoar of 80 p.
m of the 18th day of June, 1S9I- when said
bids will be opened and said BONDS seld by said
board of trustees and tfBs presidents thereof, to
the highest bidder, and therea fter nor ca sh in
United States gold coin toebe paid for on the de-
VI solu pcfian ht tA Oltg otCdolSob OthCC
lhe sale will comprise 10os bonds, of the
character knownsas SERIALS of municipal inn
provement fund. No. 3, as said h1nd vpas eStab-
lished on the 18th day of May, 1891, by ordi-
nance of said city, entitled IAN ordinance pro-
viding for the issue and sale of bonds OF the
city of Fresno, for the payment afi the costs of
certain permanent municipal Falimprovementsi in
said city, for the following purposes, to'wit:
For the purchase Sf school % gTonaas and the
900, in accordance with the re-
suit of special election held in said .eity ON
provisions pro Of an act Of the .ieeislature Of the.
state of Califosnia. approved. March, 10,
1889, entitled.i "An act authodzins the
and municipal corporations, Incorporated
under the laws.of this state fos the con-
struction of water works, sewezs-ana all nsoes-
sary public improvements, or for angrpurpose
whatever and to repeal the act approved
March g. 1885, entitled 'An Act to authorize.
municipal corporations of the. nth lolass, .eon-
taining more than three Thousand and less
than ten thousand 1nhabitalfts to obtain water
works. also, to repeal an actaapproEed March
Is, 1887, entitled, An Act authorizing the in,
curing OF Indebtedness by cities towns sndi
municip pal corporations, Incorporated uEder
the laws of this State 2"
No less than one bond will be solds andthe
bidder must state the numbero Of boIxhs.bid for;.
and no bid will be considered at less thanttie
face value OF the bond bid for.
The board OF trustees of sad d. city of Fresno,
and the presidentthereof, reserve tle,right to
reject any and alAblds.
There will be issued 100 bands of td1e denDmr
ination of $500 zach, numbered rospeeti Eely'
from number one to number one huadfed, hath.
inclusive, and so drawn as that onestwenileth.
part of the same shall be made payable each
year. for twenty years, in tEe order Cd their GATE
and number, with interest on. Same at per
cent per annum, both principal and interest
payable annually at the Office OF the city Treas
Ilrer of said city.
That said bonds will be delivered in such
amounts at q time as the bsard of Trustees shal l
from time to time determine. provided tn At alI
clrc 6nli on
year after the late thereof,iand saeh deh9ery
shall be made With a rebate OF any and all IN
terest appearing TO be due atthe d.ase thereof
The purchaser or purcha asers. of said bonds
must give Misunderstanding of at least two sufii.
cient sureties in the pena sum, OF lOper cent OF
the purchase price bid, payable ta1the c4g OF
Fresno on the condition that said purchaser
will take and pay for said bonds as delivered
according to the terms of notice of said! sale
and within thiGty days after receiving written
Trustees and the president thereof to del1veI
said bonds; or said purchaser may in lieu OF
said undertaking deposit certified eseck on
draft payable to the President ofdhe Board OF
Trustees on demand.
A failure to take and pay for bonds -sssbid fos
by the purchaser within thty days zss1i1e, ate,
ths undertaRing tana Snoi or forfeiture d sale
| check: and that the sum mentioneG in sad
undertaking, or check, shall be held and con,
| sidered as 1iquidatedf damages, and that said
undertaking may be sued upon, or said cheeR
| presented anu cOl1SSteu tlIiIAealhJt1yt III SiAs
/ name of said city, and the amount specisee
recovered or received, as hquldated damages;
Deposit in the United States postofsice at tht
/ CITY of Fresno, of 9tlce of r5adinesstO delEyel
bonds signed by the city clezk, with the seal O
| said city affixed, AID postage prepsld ana ad
! dressed and directed to the purchaser at MI
place Of residence or business, shall be deemed
and considered as notice to the purchaser o
the contents of said notice nom dabe Of deposit
BY order Of the board Of tgusteesr Of the CIT,
/ of Fresno. w. B. DENNETT, Gity Cterk.
Fresno, May 20. 1891. my22-20t