The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1899-06-03
NOTICE.

WHEREAS, THE COUNTY OF FRANKLIN,
w on the first day OF July. 1889, issued bonds
for the pnrpose of obtaining funds to pay It's SUBJ
scription to the stock IN the Kentucky Midland
Railway Company, to the amount OF $4,000,
| Sl37 900 Of which now remain outstanding and,
whereas, said county, through its Fiscal Court,
has the option to call In said bonds for payment
at any time after the first day or July, 1893; and
| whereas, It is the sense OF this court that said
bonds can be refunded at 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 Oh 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 10 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 substitute
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 for the
sale OF the new twenty-year bonds 10 the amount
OF sl90,OOO, OF the denomination or one thousand
dollars, to bear interest at the rate OF four per
cent per annum, payable semi-annually Jan
uary and july, with interest coupons attached,
the bonds ana coupons TO be made payable to
bearer, and TO be serially numbered, the bonds |
10 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 Court
Clerk alone, said bonds and coupons 10 be payable
at 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 tr the purchase OF my number OF |
said bonds an that bids shall also be received |
and C Nsidered for the purchase OF the whole |
amount thereof, the party bidding TO state the |
highest premium he vim pay for the bond or |
boz DIS bid on, aud the manner In which the high |
est premium can be secured for the county shall |
prevail. And will order that each bond or batch |
of bonds shall be sold 10 the person or ersons
Offering the highest premium therefor, unless |
they are offered more for them as whole, In |
which event they will be sold to the person or |
persons Offering the largest premium Tor them
as Il whole. The court will ais appoint COM |
mlltee consisting OF Esq NJ l.. Lawrence, n. b.
Smith and j. n Polsgroye, TO advertise Tor ana |
receive sealed bids, which said bids shall be re- /
ported 10 this court and shall be opened by the |
G lurt and no bid snail be received by said com.
miltee after the hour OF ten o'clock A. NJ on said
first day of July. 1899, and Will reserve the right
TO 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 liquidating the old
outstanding bonds and the accrued Interest |
IN ereOn and the cost and expenses or such liq-
= idation, and the court Will make proper orders
providing for the payment OF ths interest on the
bonds, 10000.
Il. 3. THOMSON, j. z. u. q.
j. LYONS, J. p. f. q,
VI. l.. LAWRENCE, j. T, +, G.
W. c. GUTHRIE, j, z. Il, G.
S.M. TlNSLEY, j. p. Y. q.
May lS-it.