The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-09-29
BOND SALES In THE EAST
WHY CARTER FOUND THE CALLED ADVERTISEMENT
UNSATISFACTORY-IT LACKED THE DETAILS The
INVESTING PUBLIC WANTS-A SAMPLE ADVERTISE
MENT OF AN INDIANA SCHOOL BOND ISSUE

Secretary Carriers cable yesterday that the advertisement for bids
Tor bonds as cabed to him unsatisfactory Tor the Eastern market
believed have been based largely its lack Of complete detail
The advertisement published the papers Honolulu very briefly
offered $4,000 worth OF bonds bidders the bids be opened in
Honolulu month.
The following sample purpose which
appears Eastern financial journal shows that the bond
sellers is give much elaborate details
Bids will be received by the undersigned until o'clock Of
Board designated School Real Estate Improvement
May 1908 dated May 1903 for $1,000 EACH bearing interest
the per per payable semannuay July
year. evidenced coupons attached both principal
and interest payable the banknghou Of Wmsow Lane Com
New York City, New York The bonds will be numbered from
3oo both inclusive The principal of the bonds will be payable
follows Nos So both inclusive July 1885, Nos
both inclusive on July 1881 Nos Io to 80 both inclusive on July
Nos both inclusive July 1885, Nos
$50 both inclusive July Nos both inclusive
on July Ist 1885 Bids to be sealed envelopes addressed The Board
OF School Commissioners Public Library Building Indianapolis ndi
ana endorsed Bid for School Real Estate and Improvement Bonds
May 1908 No envelopes savehose printed and furnished by this
Board shall be used and bids shall be considered the envelopes
submitted shall bear distinguishing mark prospectus said
bonds and envelopes for bids will be furnished upon application to the
Secretary.
day named opened and 5ed
and later submitted to meeting the Board which will assemble al
the hour of o'clock of that day The Board will then take
best bidder bidders the bid contains than proposal the
Board Of such proposals and reject the others
No bond shall be sold for less than The full right reserved
the Board in its discretion to reject any and all bids
Each bid shall be accompanied by check certified to be good by
bank responsible company Indianapolis Indiana payable
the of the City Indiana
for failure the OF the bidder fully perform the contract
OF purchase the time ard place named shall be breach the
the certified check of such dung bidder qdated damages for
such breach provided in the resolutions said Board of February
10TH 1903, authorizing the issuance of said bonds.
The bids be dollars and the bid is be expressed
both words and figures the bidder stating how many dollars he offers
for the particular bonds he proposes take The Board the
right its option waive nfomtes in bids Of advantage
the Board to make the waiver.
The bid for said bonds shall be delivered the Treas
the Board the office of the Board in Indianapolis Indiana
that shall upon the bonds until
for shall paid and until the actual delivery OF such bonds the
chaser such deliveries shall be follows viz Bonds Nos
both inclusive June 9Th 1909 Nos both inclusive Aug
18TH Nos 3Oo both inclusive October 18TH
All of said bonds offered for sale and be executed
issued in of the authority Act of the Legislature of the
State of Indiana approved January entitled AN Act amend
Sections three ( twenty-five (25) and wenteght 2 OF Act
titled An Act concerning schools in cities having population
OF than providing penalties for the violation of the pro-
thereof and declaring emergency approved March 1900
and also adding sections provide for the issue OF bonds by the Boards
School Commissioners of such cities for the purchase of
and for the improvement of school property and declaring
cv and OF certain preamble and resolutions of said
Board of School Commissioners adopted and made of record
its February and for the of procuring
money with which purchase real and improve school prop
erty."