Los Angeles herald., 1891-05-23
NOTICE..
$50, 900 Bonds of the City of Fresno for
Sale.

$50, 1000 Bonds of the City of Fresno for
Sale.
NOTICE is HEREBY GIVEN THAT IT 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
city to the amount OF 0,O00,f for the purpose of
providing for the purchase of grounds and the
erection and furnishing a 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, 10, 1889,
entitled IAN act authorizing the incurring of
Indebtedness by cities towns and municipal cor
porations, Incorporated under the laws of this
state, for the construction of water works, sew
ers and ell necessary public improvements, or
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
publication of this notice to the hour of z 80 D.
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.
The sale will comprise 100 bonds, of the
character known as serials, of municipal i'm
provement fund No. $, as said fund was estab-
lished 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 1000, in accordance with the re-
AlAn Hold Asf.w
the 18th day of April, 1891 pursuant to the
provisions of an act of the legislature of the
state OF California, approved, March 49,
incurring of Indebtedness by cities. towns
and municipal corporations, incorporated
under the. laws of this state fol-. the con-
struction of water works, sewers and all neces
sary public improvements, or for any purpose
whatever and to repeal the act approved
March 8, 1885, entitled, An Act to authorize
municipal corporations of the fifth class con-
tanning more than three thousand and less
than ten thousand inhabitants to obtain water
works. also, to repeal an act approved March
Is, 1887, entitled, AN Act authorizing the in
curing of indebtedness by cities, towns and
municipal corporations, incorporated under
the laws of this State |"
No less than one bond will be sold, and the
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 denom-
nation of $500 each, numbered respectively
from number one to number one hundred, both
inclusive, and so drawn as that onetwentieth
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
That said bonds will be delivered in such
amounts at time as the board OF trustees shall
from time u time determine, provided that all
of feas1 J,on CHI al 10 dp1iVprpd n hnf
year after the date thereof, and such delivery
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 two sufi-
cent sureties in the penal sum of 1Oper cent of
Fresnn Ile on the Condition that said purchaser
will take and pay for said bonds as delivered
according to the terms OF notice OF said sale
notice or readiness on the part of said Board of
Trustees and the president thereof to deliver
said bonds; or said purchaser may in lieu of
said undertaking deposit certified check or
draft payable to the President of the Board of
Trustees ON demand.
A failure to take and pay for bonds so bid for
y sne snTy Gays eVer
the. same shall be breach OF said
undertaking, or forfeiture Of said
check; and that the sum ! mentioned M on, II II sac SAID
sidered as liquidated damages, and that said
undertaking may be sued upon, or said check
presented and collected 1mmeu1ately IN tne
name of said city, and. the amount specified
recovered or received as liquidated damages
Deposit in the United States postofiice at the
City of Fresno, of notice of readiness to deliver
bonds signed by the city clerk, with the seal Of
said city affixed, and postage prepaid and ad-
dressed and directed to the purchaser at his
place Of residence or business, shall be deemed
and considered as notice to the purchaser OF
the contents Of said notice from date OF deposit.
BY order ofthe board Of trustees Of the City
of Fresno w. B. DENNETT, City Clerk
Fresno, May 20, 1891. my22-20t
NOTICE OF PARTNERSHIP