Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-07-19
8Y AUTHORITY
$I,5OO,OOO
Territory Of Hawaii
4 per cent.
Public lmproveme
Bonds

Il
Sealed proposals will he received by
the undersigned for the purchase of all
or my part of an issue of $500. 900
4 per cent. Public Improvement Coupon
| Bonds of the Territory of Hawaii. The
bonds will he of the denomination of
$1,000 each. viii be dated August 1,
19iI; will mature August I, 1871. and
reserve an option of redemption on and
after August 1, 1891. Interest will be
payable semi annually. Principal and
inter est are payable at the Office OF the
Treasurer of the Territory In Honolulu.
Hawaii or. at the option Of the hold
err. at the office of the United States
Mortgage & Trust Company In New
York City. The bonds are issued under
the authority OF an Act of Congress
of the United States, entitled IAN Act
to Provide a Government for the Ter
ritory of Hawaii" approved April 80.
1900 cal SITS. 1lD, as amended by an
Act OF the Congress approved May 81.
1901 GAG SITS. 443): and pursuant to an
Act of the Legislature of Hawaii. en-
1
Loans" approved April 25. 1908. as
amended. and pursuant to an Act OF
said Legislature. entitled AN Act to
Provide for Public improvements" ap-
proved April 26, 1911 Under these
statutes these bonds are the absolute
and unconditional obligations of the
Territory and direct charge upon It's
consolidated revenues.
| Under the Acts OF Congress. the ap-
prevail of the President OF the United
States Is required. and this approval
has been obtained and Is on file In the
Office Of the Secretary OF the Interior.
The United States Treasury Depart
ment authorizes the statement that
they will be accepted ms security for
public deposits on the basis of 30 per
cent. Of their par value when further
deposits are made.
| The bonds will be autographed under
the supervision of. and certified as to
their genuineness by, the United States
Mortgage 4 Trust Company of New
York City. The successful bidders will
i
Mcssrs. Dillon. Thomson & Clay of
New York City that the bonds are the
legal and valid obligations of the Ter
ritory. and that. In their opinion. said
bonds will be exempt from taxation by
any State In the United States or any
municipality or political subdivision of
lany such state. the same as bonds or
other obligations ~ securities Of the
United States. "a. Ll
Bonds of the Territory are exempt by
law from taxation In the Territory.
Each bid should set out clearly the
total par value of the bonds desired
and the amount which. together with
accrued interest to date OF delivery, the
bidder offers to pay therefor. Each bid
must be accompanied by a duly certi-
fled check upon a bank or trust com
pany to the order Of the Treasurer OF
the Territory OF Hawaii In the amount
of per cent. of the par value OF the
bonds for which application IL made
Checks OF unsuccessful bidders will be
returned by mail after the opening OF
"e "'"s' '"ecNS III successiui p'uders
viii be retained until delivery OF tn,
oonds awarded and payment therefor Is
mace The faiiure 10 make such pay
men' VIII forfeit all right to the bonds
and the check accompanying the bid
VIII be collected ana the proceeds re-
tained az Iiquidated damages.
Unless otherwise stated In the bid
| pucn nh VIII he understood ny an offer