The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1899-05-27
NOTICE.

! WHEREAS, THE COUNTY OF FRANKLIN,
=" on the first day OF July, 1889, Issued %, d.
for the rpose Of obtaining funds to pay It's sui =
ocrlption to the stock in the Kentucky Midland
| Railway Company, 10 the amount OF sl5J,O e.
| Sl57 200 OF which now remain outstanding and
whereas, said county, Thu ough its Fiscal lou :
has the option o. call In said bonds fUr payment
| at any time after the first day or July. 1885, aud
whereas. IL Is the sense OF this court that said
| bonds can be refunded at lower rate OF inteie
| than they now bear, notice Is, therefore, he, eb,
| given that the Fiscal Court of Franklin county
will convene az The courthouse. IN the lty ui
Frankfort, Franklin county, Kentucky, on Thurs
day. the fifteenth day OF june 1899, at which time
unless on or before said date petition slgnu
by three hundred voters of the county be filed
with the County Judge, requesting that the qu. s.
ton as To whether or not said court shall tikr
the proposed action be submitted to the legal
voters OF the county, an order will be entered OF
record calling IN said out landing bonds and
directing tuat new bonds be Issued and sUbslitut-
ed therefor. and will fix SATURDAY, the first day
OF July. 1899, AS the date, and Frankfort Ken
lucky, as the place when and where sealed bids
vii be opened by the said Fiscal Court ter the |
sale OF the new twenty-year bonds to the amount |
OF SlSO,0OO OF the denomination OF one thOusan0 |
dollars, to bear interest at the rate OF four pei
cent per annum. payable semannually dan. |
uary and Juy(, with interest coupons attached.
the bonds ana coupons to be made payable u
bearer, and to be serially numbered. The bonds
t. be signed by the County Judge and COUNTY
Court Clerk with the seal OF the county attached,
and the coupons 10 be signed by the County Cour
Clerk alone, said bonds and coupon 5 TO be piyab
at maturity at place or places TO be design ted
Dy the SAID fiscal Court on the day OF sale. Aud
Will further order that bids Shall be received and
considered the purchase OF rny number O |
SAID bonds, an that bids shall also be received
and CO! sidered for the purchase OF the whoe
amount thereof, the party bidding to statA the
highest premium he Iill pay for the b nj on
DO. DIS bid on Il, ID the manner In when the h igh. |
est premium can be secured for the county sla
prevail. And will order that each bond or batch
OF bonds shall be- sold 10 the person or ersOlls |
offering the highest premium therefor, unttsS
they are offered more for them us n whCle, IN
which event they Will be sold TO the Lers0n or
persons Offering the larg' 50 premium for them
AS whole. The court will AIS appoint Il clm-
tee consisting OF Esq. NJ. l.. Lawrence, n. b.
smith and j. a. PolSgroye, to advertise for and |
receive sealed bids, which said bids shall be re-
ported to this curt and shall be opened by the
c urt and no bid shall be received by said com
tee alter the hour OF ten o'clock A. NJ on said |
FIRST day OF July, 1899, and NIL reserve the right
To reject any and all bids And Will order that the
proceeds OF the sale of said new bonds shall be
use only for the purpose of liquidating the old
outstanding bonds ana the accrued interest |
thereon and the cost and expenses OF such liq- |
uldation. ana the court Will make proper orders |
prov ding for the payment OF the interest Oh the
bonds.
I'D. MOORE, Judge.
q. B. THOMSON, j. p. &c.
j. \, LYONS, j. p. F.C.
" l., LAWRENCE, j. z. &c.
W, c. GUTHRIE, j. Z. &c.
s. NJ. TlNSLEY, j, p. FC.
May lS-it.