New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-12
100000
SEWER Ind KATERHORKS
CONSTRUCTION BOND ISSUE
OF THE
CITY OF MANILA.
MAY s. 1905.

BY direction Of the Secretary of War and with the
authority the of the Philippine Islands
the Bureau Insular Affairs OF the War Department
bids O00. 600 of the and waterworks
bonds the city OF Manila. authorized by
OF the Congress Of the United States entitled
AN temporarily provide for the administration
Of the affairs Of civil government in the Philippine
Islands and for other purposes approved July l. 1907
The act Of July l. 1902. authorized an issue Of
100000 bonds of that municipality to provide funds
for the construction adequate systems of water
works and Surveys having been so far COM
pleted permit work begin within short time.
April H. 1905. the Philippine Commission passed an
act M ling 81 susjGG' to the apPr@ OF the Fr
!lO090oo to be dated June l. i993o-
sl,o0oooO to be dated January 2. 1905.
permanent appropriations Tor the qaarsrIy
ar Gf ey the SUM ' Of 6 annually for each
SiIyuoUJ %, 1i oonas ou7t tb ~, iryStSd nv
Of constituting sinking fund the retirement OF the
The city of Manila Is without any bonded indebted
aSs ,ba s form OF %, and The Phppine
government contributes 80 per cent, Of the annual
The bonds be issued in registered form in the
The bond. viii be registered aud tEsnfts5abe at the
They viii be dated June l. 1905 and will bear in
terest at the rate of per cenum per nnnum payable
The bonds will be redeemnbIe at the pleasure of the
Philippians government after ten years and will be pay
the United SntcS principal and interest payable ut
Treasury
Under the terms Of the act Of Congress approved
February g. 1905 amendotory OF the act q Congress
ment Of the rhilippae Islands or by its authority.
shall he exempt from taxation by the Government OF
the United states by the government of the Philip
division thereof. or by state by county,
municipality other municipal subdivision of any
state Territory OF the United states, or by the
District of Columbia"
subscriptions Will be payable after notification Of
Treasury New York city In checks bank drafts
made payable y said ci;y and delivery Of bonds VIII
Tho Secretary OF tho Treasury author the state
bonds of the city OF Maniln will be accepted by the
Treasury Department security for deposits of the
public money OF the Jnted States in national banks
substituted for United states bonds held
curly for deposits condition that the United States
bonds thus released be used Rs security Tor additional
circulation when In the Judgment of the Secretary OF
the Treasury Is desirable 20 stimulate increase
In national bank circulation
The legality OF this issue has been passed upon by
Attorney General Of the United states and the
form Of bond drafted mas been approved by the Sec
rotary u IN" Treasury and the Attorney General,
Al bids murt he received In the Bureau OF lnsular
Affairs War Department. washington. y G., not later
than o'clock =. NJ MAY %. 1905. which time they
VIII be opened IN the presence OF the bidders No
sIdcrcd
The responsible subscribers Offering the highest
premium Will be those accepted up 20 the amount OF
The Secretary Of War the right reject
Each bid must accompanied by a certified check
Of per cent. 81 the actual amount OF The bid
interim certidcates FOR which n IS anticipated the
perfected engraved bonds VIII be substituted
before the LIST day of September
Envelopes containing bids m he marked sub
scrptions for Manila and WntcrwoTks COnstruc
tion Bonds and addressed 20 the bureau OF insular
Anuirs, War Department. Washington, ID. {.
Full and detailed Information. especially as 10 the
financial statement Of the city of Manila Will be fur
uished application
r. EDWARDS Colonel L. 5 Army.
Chief Of