The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-09
PROPOSALS
FOR THE
PURCHASE OF BONDS.

Notice is hereby given that the COM
mon COUNCIL of the city of Duluth, Min
In the city hall, in said city of Duluth, at
1870 o'clock in the evening of Monday,
the 18th day of June, A. D. 1899. to re-
the purchase OF gold-bearing coupon
bonds of the city of Duluth, to the ag-
gregate amount Of five hundred thousand
81 100000, $4,000, $4,000 and 5000 Except
that where not inconsistent with the bids
made, they shall be in denomination of
100000 with proper interest bearing
able fifteen Q5) years from May ], 1899,
interest at four and one-half per cent per
annum, payable semi-annually on May l
and November 1 of each year Principal
and interest payable in gold coin of the
United States at the American Exchange
National Bank in the city Of New York:
Said bonds TO he paid for within ten Q0)
days after notice that the same are ready
for delivery, said delivery and paym mt
to be made at the First National Bank
of Duluth Minnesota, or the American
Exchange National Bank of New York
The sale of said bonds will be award
ed to the highest responsible bidder at
sum not less than par value thereof, and
sinterest accrued to date of delivery. Such
sale shall be by popular subscription, and
actual residents of the city of Duluth
shall be preferred in case Of bids other
wise equal and any person, including any
actual resident of the city of Duluth.
may bid on one or more of said bonds.
All bids for said bonds shall be without
condition or qualifications. excepting only.
that the city of Duluth shall furnish the
written opinion of Dillon & Hubbard, Es-
CURES. Of the city of New York; or Of
some attorneys of similar note, that the
same are a valid and a legal obligation OF
the city of Duluth.
Each bidder Is required to file with the
city clerk prior to 2 o'clock OF said day
a certified check on or certificate of de-
poSft of a national bank, payable to the
order Of the city of Duluth. without con
per cent of the full face value of bonds
to be bid for, or a good and Sufh cient
bond in the said sum to be approved by
the common council of said city and con-
ditioned that the party making said b d
will, If awarded the sale, take the bonds
and pay for them according to the terms
Of said bid and this ordinance; and that
in case of failure 50 to do, the city of
Duluth shall have the right to sue upon
said bond and to recover the full face
thereof, which shall be and In said bond
shall be stated as being the sum agreed
upon as hquidated damages in case of
breach thereof And a condition of said
bond shall be that the principal and sure
ties thereon expressly waive all question
of any irregularity or illegality in any
manner affecting the issue of said bonds
or as to the title of the property upon
which said bonds shall be lien, the in
tention of the bond being to provide for
the payment Of the said sum of money
absolutely without any condition or de-
Tense thereto. If payment shall be re-
& Hubbard, or other attorneys of similar
note, as aforesaid, shall be furnished.
Said checks and bonds shall at o'clock
Of said day be submitted by the city
clerk to the city attorney for his opinion
as to whether said checks and bonds con-
form to the conditions of this ordinance,
OF bond the city attorney shall deem to
not be in legal form, according TO the
terms of this ordinance shall not be re-
ceived unless such bidder shall have such
corrected n fl1o
quirements of the city attorney or de-
posit a new bond or check duly approv-
ed by said attorney before 1880 o'clock p.
m. Of said day.
In all cases of bids received and not
accepted. the check or certificate receiy-
ed herewith shall thereupon be returned
In case said bonds are awarded to any
bidder and the said bidder refuses to &C
cept and pay for said bonds. or any part
thereof. within ten Q0) days after notice,
oral or written, that same are ready for
delivery, said delivery to be made at the
First National Bank of Duluth, Mime
sofa, or the American Exchange National
Bank of New York, the said amount of
the certificate of deposit or check so fur
nished to the city shall be retained by
the city of Duluth as its own, as and for
liquidated damages for breach of the con-
tract on the part of said bidder In case
any bidder furnishing such certificate Of
deposit or check shall take the said
bonds, said sum shall be credited to him
on account of the payment thereof Each
bidder must give his address, city, street
and number.
The right to reject any and all bids Is
to be reserved to the city of Duluth
Dated Duluth. Mimi, May %. 1899
H. w. CHEADLE,
corporate Seal) City Clerk
NOTICE IS HEREBY GIVEN, THAT
the Village Of Jackson, in the County of
jackson and State of Minnesota. will re-
ceive bids at the council TO Jn, in said viii
lage, on the 18th day of June, 1893. at
eight o'clock p. m, for the sale of the
bonds OF said village. in the sum and 10
the amount of ten thousand dollars, for
the purpose of building, esta bIlshing and
controlling all the necessary buildings.
machinery, apra; atus and material for
making. generating and supplying light
for public and private use III said village.
Dated at Jackson. Minnesota, this 31st
day of May, A. d. 1899.
JNO. L. DAMN,
Pres dent.
Attest
(seaD Recordes.