The Washington times., 1908-03-06
Financial.
PROPOSALS FOR
S2,O0O,OO0.O0
OF
BALTIMORE CITY
STOCK

BALTIMORE. ND. February a. 1908.
Proposals Wil1 be received al the Mayors
once City Hail. Baltimore, until lz o'clock
noon on MONDAY. March l6. 1855. FOR THE
PURCHASE. N WHOLE OR IN PARfs
OF sl.0oo. 600 OF The REGISTERED
STOCK OF THE CITY OF BALTIMORE.
REDEEMABLE on TIE lsT DAY or
JUNE. IN THE YEAR 1854, and bearing Ia
terest at the rate OF foHr per centum PER
annum, payable semi-annE ally on the frat
days OF June and December in each and
every year the stock ~ be deliverabie On
= e@3 - <et'-+'s 49'os attI the iHtSEsEs
thereon 10 commences from the LIST Gay Of
December, 1851.
This stock Is issued IN pursuance Of an acs
q the General Assembly OF Maryland passed
at Its January session in the year 1904 chap
te- ga. and b. virtue OF the Ordinance No.
Ie OF the Mayor and City Council OF Bal
unore approved March Q. 1896. which pro-
vi1ed for the issuance Of the stock OF The
Mayor anc City Council Of Baltimore 70 an
amount not exceeding TWO Million Dollars
10 supply means OF defraying the expenses
and costs OF carrying into execution the plan
OF Improve rent adopted CT 20 be adopted
under the ;eunJ of an act OF the General
Assembly OF Maryland passed az its Janu-
airy session in the year 1904 Chapter IA
creating a commission to DO known as the
Annex Improvement Commission" and au-
thorizee AMI empowered the COmmissioness
Tor Opening Streets 20 perform tho dulisE
ana functions provided for the Annex IN
proNement Commission in said Chapter ~
Of the acts Of the General Assembly, u
Mari land f the year OF 1904 and prescribed
he manner IN which the Commissioners for
functions SC committed % them. ana re
ptaled Ordinance No 169 approved De-
eember 5. 1874. and ratihsd BY the legal
voters u the city Of Baltimore az the nag-
nicipal election held on May 2 1905
Also. at the same time and place. pro-
posals will be received FOR The PffR-
CHASE, IN WHOLE OR IL PART, OF
N.O0o,00O OF THE REGISTERED STOCK
OF THE CITY or BALTIMORE. RE-
DEEMABLE on TIP IST DAY OF NAY IN
THE YEAR 1850. and bearing interest az
the rate 81 four per centun per annum
payable semi-gnnually on the first days Of
Nav and November IN each and every year:
Of April 1898. ard the interest thereon %
commence from the LIST day OF November.
This stock is issued IN pursuance OF an
act Of tie General Assembly OF Maryland
Eassed at its January session in the year
1874. Chapter SSs. and by virtue Of the Or
dinance No 22S Of the Mayor and City Cou j.
ell Of Baltimore. approved March 20, 1875,
which provided for tie issuance OF the stock
q the Mayor and City Council OF baltimore
10 an amount not exceeding one Million
Dollars for the extension OF the present park
system OF the city OF Baltimore and for the
development and improvement for park pur-
poses Of the lands over which Il shall Be
50 EXTENDED, in such manner the Mayor
and City Council shall by ordinance pre-
scrfb. ard Was rsri6eS nv rhs iersI vofs~.
Of the city OF Baltimore at the municipal
election held on May 2 1905.
TIE city does not TAX ANY OF its issues
Of stock and taxes the place OF the holder
Of these two issues in the payment % tns
annual state tax thereon for which ths
holder Is legally liable
All bids must be mada at a price aud
accrued interest" and no Did for ALI or
none VIII lie received
4 deposit with the City Register Of a GER
titled check FOR per cent Of the amount
Of stock awarded. drawn to the order of ths
Commissioners OF Finance must be rnass
within q hours from he time Of the aEar1.
the same 10 be held until the certificates OF
stock are ready for delivery.
Proposals must be sealed and addressed 70
the President Of the Board OF Commission
ers OF Finance, City Hail. Baltimore Nd -
and marked Proposal for Baltimore CITY
Stock
The right Is reserved 70 reject any OF all
bids. JOHN N LITTIG
President of the Board ~ COMMISSIONERS Of
Finance for Baltimore City.
ISAAC L NEWMAN,
Clerk