The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1899-05-13
NOTICE.

WHEREAS, THE COUNTY OF FRANKLIN
" on the first day OF July, 1883. issued Dond'
for the rpOse Of obtaining funds to pay Its sui
scription to the stock In the Kentucky Midland
Railway Company to the amount of Sl5O,Oa
$l37 100 OF which now remain outstanding and
whereas, said county,, thi ough its Fiscal Court
has the option t. call In said bonds for payment
at any time after the first day or July. 1899; and
whereas. II Is the sepse OF this court that said
bonds can be refunded at a lower rate OF interest
than they now bear, notice is, therefore, hereby
given that the Fiscal Court Of Franklin county
Will convene at The courthouse, In the city OF
Frankfort, Franklin county, Kentucky, on Thurs
day, the fifteenth day OF June, 1899, at which time
unless OIL or before said date petition signed
by three hundred voters OF the county be filed
with the County Judge, requesting that the Ques-
ton as to whether or not said court shall take
the proposed action be submitted to the legal
voters OF the county, an order will be entered OF
record calling In said outstanding bonds and
directing tuat new bonds be issued and substitute
ed therefor. And will fix Saturday, the first day
OF July, 1899, as the date, and Frankfort, Ken
tucky, as the place when and where sealed bids
vii be opened by the said Fiscal Court for the
sale OF the new twentyyear bonds to the amount
OF slS0,0OU, of the denomination OF one thousand
dollars, to bear interest at the rate OF four per
cent per annum, payable semannually Jan
ulry and Ju'y), with interest coupons attached,
the bonds ana coupons to be made payable TO
bearer, and 10 be seraly numbered, the bonds
10 be signed by the County Judge and County
Court Clerk, with the seal OF the c0unty attached,
and the coupons to be signed by the County Court
Clerk alone, said bonds and coupons to be payable
ut maturity, at place or places to be designated
by the said Fiscal Court on the day OF sale. And
Will further order that bids shall be received and
considered tyr the purchase OF any number OF
SAID bonds, AM that bids shall also be received
and Col sldered for the purchase OF the whole
amount thereof, the party bidding to state the
highest premium he till pay for the bond or
bonds bid on, aAd the manner In when the high
est premium can be secured Tor the county sha
prevail. And will order that each bond or batch
Of bonds shlll ba sold 10 the person or ersoiis
offering the highest premium therefor, unlessy
they are offered more for them as a whole, IN
which event they Will be sold 10 the person or
persons Offering the largest premium for them
us whole. The court will also appoint COM
miitee consisting OF ESQ. NJ. l.. Lawrence, N. b.
Smith and j. II. Polsgroye, 10 advertise TOR and
receive sealed bids, which said bids shall be re-
ported TO this court ana shall be Opeaed by the
court, and no bid shall be received by saiu com.
miltee after the hour OF ten O'Clock A. NJ, on said
first day OF July 1899, aud Will Reserve the right
% reject any and all bids And will order that the
proceeds OF the sale OF said new bonds shall be
used only for the purpose OF liquldating the old
outstanding bonds and the accrued interest
thereon aud the cost and expenses of such liq-
uldatIon, and the court will make proper orders
providing for the payment OF ths interest on the
bonds.
n. d. THOMSON, ]. PFC.
Ia LYONS. J.P'F g.
n. l.. LAWRENCE, J. FEC.
W. L, GUTHhIE, j. p. &c.
s. NJ. TlNsLEY, ]. ?. F.C.
May lS-it.