The herald., 1895-06-05
PREPARING 70 SELL THEM
Prospectus for School, Head
works and Station Bonds
NO FLUKE IN THESE ISSUES
All Bids Must Be In Not Later Than
June "a
The Tertrs Iinder Which the VariouS RondS
NO FLUKE IN THESE ISSUE
The Terms Under Which the Various Bonds
Can Be Purchased Are Herewith Set
Forth-Delivery Of Bonds JuIyi

The official notices inviting proposals
for the purchase of the recently voted
school, police station and hcadworks
bonds will be ready for circulation within
a few days: the cory for the npurpose be-
ing at present in the hands of the printer.
According to the provisions of the doc
ument proposals for the bonds will be re-
ceived by the city clerk, Charles Lucken-
bach. h.up to the council meeting to be held
Monday, June oath, and not later than
10 O'Clock of the morning of that day.
The three bond issues to be disposed of
will include BOG public school improve
ment bonds, 40 water system improvement
bonds and 40 central police station bonds.
The price of the first named securities
will be $1,000: tie headworks bonds will
be issued in $3.50 denominations, and the
police station bonds will also be of $1,000
denomination. Each and all of the bonds
will draw interest at the rate of ~ per
cent per annum. payable senll-annually,
the interest and principal being payable
III gold coin at the Chemical National
oank in New York city.
The bonds are to be issued under the
provisions OF the act of the legislature
approved March 10 1889. as amended
March 1, 1893 being entitled AN act au
thorizing the incuriing of Indebtedness
by cities, towns and municipal corpora
tions. and also under the provisions OF
ordinances 1923, 1865 and 27S2 new series,
and ordinances 1886, 200 and 1871, new
series. The bonds will all bear date OF
July /, 1885.
The school ponds are to be divided
into seven blocks of forty bonds each
and one block of twenty-slx bonds.
The headworks and police station bonds
W Dp trrn
forty bonds each. and beginning July IL,
1896. one bond of each block will become
due and payable annually. Proposals for
the securities will be received for the
entire issues. or for one or more blocks.
No proposal will be entertained at less
than the face value of the bonds and &C.
crued interest. and all proposals submit
ted will be construed to mean par and
accrued interest in addition to the pre-
MUM offered.
The bonds will be ready for delivery on
July 1st and will be delivered at the city
treasurers office or any other desig-
mated point upon the payment by the
successful bidder of all the expenses in
CURED by the delivery of the securities
and the transfer OF gold coin necessary to
make the delivery and the payment
equivalent to the similar transactions in
this city.
All bidders for the bonds must be will
ing to abide by the decision of Judge
John F. Dillon of New York declaring
the bonds to be legal and binding obli-
CATION of the city.
A certified check to the order OF the
city clerk for the sum of $1,000 must ac-
company all bids, and a failure to tax e
the bonds will be construed by the city as
a breach OF the proposal made, which
will entail TO the bidde: the loss of the
$1,000 which he will have on deposit.
No bid will be considered which is not
made out upon the form to be furnish ed
by the city for this purpose and the
council reserves the right to reject any
and all bids.