The San Francisco call., 1896-01-16
NOTICE FOR BIDS,
Notice Inviting Sealed Proposals
for the Purchas of Lincoln
Water Works Bonds.

The Trustees of the town of Lincoln having
by ordinance Of said town entitled an ordi-
nance providing for the issuance and sale of
bonds for the town OF Lincoln for the construc-
ton, acquisition and completion of a water
works system for the said town of Lincoln for
fire and other municipal purposes, passed and
approved the 18th day of December 1895,
ordained that there shall be issued by the said
town of Lincoln forty bonds of the denomina-
tion of $500 each, bearing interest at the rate
of per cent per annum, payable annually,
and also directing the Town Clerk of the town
of Lincoln TO give notice inviting proposals for
sale of said bonds.
Now, therefore, notice is hereby given by the
Board of Town Trustees of the town of Lincoln
to sell said bonds aforesaid as they may deem
necessary. The said bonds are to bear date the
first Monday in January, 1896, and are to be
numbered consecutively from one to forty, both
inclusive the first bond TO be made payable on
the first Monday in January, 1897. and the re-
naming bonds consecutively are to be made
payable on the first Monday in January in each
succeeding calendar year, until and including
the year 1885 the said bonds are to be made
payable to the bearer al the Office of the Treas
urer of the said town of Lincoln, in the said
town of Lincoln, Placer County, State of Cali
fornia, and to each of said bonds there is to be
attached interest coupons equal in number to
the number of years which the bond in ques-
ton has to run before its maturity.
Sealed proposals for the purchase of said
bonds will be received by the clerk of the said
town on behalf of the Trustees of the said
town at his Office in said town at any time
from the date OF the first publication of this
notice up to the hour of z O'Clock P. NJ of the
31st day of January, 1896, and that thereafter
said bonds will be sold by the Board of Trus-
tees of said town to the highest and best bid
der for cash in gold coin of the United States.
The Board of Trus tees of said town hereby re-
serve the right 10 accept or reject any and all
bids. No bid will be considered that is for less
than the face value OF said bonds. Said bonds
will be delivered in the aggregate amount
made up of forty serial bonds Of the entire issue
of $4,000, numbered from one to forty, both
inclusive.
The purchase price of said bonds must be
paid on the delivery of the bonds at the Office
of the Town Treasurer of the said town of
Lincoln. The purchaser or purchasers of said
bonds to whom the same. are awarded, must
give an undertaking with at least two sufficient
sureties in the penal sum of 10 per cent of
the purchase price payable 20 the said town of
Lincoln and conditioned that said purchaser
shall within ten days after receiving notice
on the part of the said Board of Town Trus-
tees to deliver said bonds take up and nav Tor
same as delivered and that a failure 10 take
up and pay for same within the time herein
specified shall be a breach of said undertsk.
ing and shall constitute such breach of itself.
and the sum mentioned in said undertakino
shall be held and considered as liouidsted
damages; and said undertaking may be sued
upon Immediately in the name of the town of
Lincoln, and the amount specified therein
recovered as liquidated damages. deposit
in the United States postoffice of said town of
Lincoln of a notice of readiness to deliver said
bonds signed by the said clerk of the said town
and with the seal of said town affixed. sd-
dressed TO the purchaser of said bonds at his
place of business or residence as stated in his
bid for said bonds, prepaid shall be deemed
and taken to be notice to the purchaser fron,
the date OF such deposit, and there shan o1so
be embodied in said undertaking the NJ
chaser's assent TO the form and suficiencv ~
such notice.
Dated December 81, 1895.
F. L.'SANDERs, Town C1art