The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1915-06-09
SALE OF BONDS.
Department Of Finance.
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Richmond. Ind. luna @.

Department OF Finance.
Office Of City Controller.
Richmond, Ind, June 9, 1915.
Sealed bids will be received by the
City Controller of the City of Rich
mond, Indiana, until IL o'clock m on
Wednesday, June 80, 1915, for the
whole or any part of fifty thousand
($5O,00000) dollars of the bonds of
said city, issued and sold for the pur-
pose Of paying the city's portion Of
the permanent street improvements,
for an Aerial motor ladder truck for
the fire department of said city, and
for the further purpose of procuring
money to be used In the legitimate
exercise of the corporate powers of
such city, and for the payment of it's
corporate debts.
Said bonds will be designated, First
Series-1915," and will be dated July
/, 1915, and will be numbered consecu-
lively from one to one hundred, in.
elusive; and those numbered from one
to twenty. inclusive, will become due
and payable on the first day of July,
1917; those numbered from twenty-one
and payable on the first day of July,
1918; those numbered from forty-one
to sixty, inclusive, will become due
and payable on the first day of July,
1919; those numbered from sixty.one
to eighty, inclusive, will become due
and payable on the first day of July,
1920; and those numbered from eighty
one to one hundred, inclusive, will be.
come due and payable on the first day
Of July, 1921; and each bond will be
OF the denomination of five hundred
($500.0O) dollars, with interest cou-
pons attached thereto; and will bear
interest at the rate of four per cent.
(49o) per annum, payable semi-annual-
ly, on the first day of January and the
first day of July of each year. The
first coupon on each bond will become
due and payable on the first day of
January, 1916, and will be for the in
terest on each bond from date of issue
to said first day Of January, 1916, and
both principal and interest Of said
bonds are payable at the office of the
Dickinson Trust company in the city
of Richmond, Indiana. Bids for the
purchase Of said bonds shall be en-.
dorsed, Proposal for Bonds, First
Series-1915," and directed to the City
Controller, Richmond, Indiana. The
bidders may bid for all or any part Of
said bonds, and they shall state
definitely the number of bonds bid for
and the gross amount they will pay for
such bonds and accrued interest, ii
any, to date of transfer.
Each bid shall be accompanied by
certified check upon some re.
sponsible bank or trust company and
payable to the order of Albert N.
Chamness, city treasurer, for sum of
money equal to two and one half per
cent (2h%) Of the face or par value
of the bonds bid for or proposed to
be purchased, as an evidence of the
good faith of such bidder and as a
guarantee that he will receive and pay
TO. all bonds awarded to him under
his bid.
The bids or proposals will be opened
by the City Controller at his office on
the Both day Of June, 1915, between
the hours of IL o'clock, NJ, and 2
o'clock p. m, and said controller will
thereupon award said bonds, or If he
shall see fit part Thereof to the high
est and best bidder or bidders there.
for; but said Controller shall have the
right to reject any and all bids or
proposals, or any part thereof, and
shall have the right to accept part
of any bid and to award upon any bid
the whole or any less number Of bonds
covered by such bid. He may also if
he deems best award a part of said
bonds to one bidder and a part to
another, but in no event shall any Of
said bonds be sold for less than par.
The bonds awarded will be deliver
ed to the successful bidder or
bidders at the office OF the
city treasurer of Richmond.
Indiana. on the first day of
July, 1915, or at such later time or
times as may on the day bids are
opened and award is made be agreed
upon between the purchaser or pur.
chasers and the city controller; all
such deliveries, however, shall be
made not later than the tenth day of
July, 1915; and the successful bidder
or bidders shall take and pay for the
bonds awarded to him or them, and
his or their omission, neglect or re-
fusal so to do shall be breach OF the
contract of his or their bid or pro-
posal.
Said bonds are issue pursuant to
the laws Of the state of Indiana, and
are offered for sale under and by vir-
tue of the provisions OF an ordinance
duly and legally passed by the COM
mon council Of said city of Richmond.
Indiana. and approved and signed by
the mayor of said city on the 7th day
of June, 1915; and a certified copy of
such or finance can be seen at the
office Of the city controller and will be
furnished the successful bidder or
bidders upon request.
EDWARD G. M'MAHAN.