The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1916-09-23
NOTICE OF SALE

OF WATERWORKS BONDS IN THE
AGGREGATE AMOUNT OF SEVEN.
TY THOUSAND DOLLARS $50, 00O) Il
AND ELECTRIC LIGHT BONDS. IN
THE AGGREGATE AMOUNT OF
FIFTEEN THOUSAND DOLLARS,
(s15,OOO), OF THE CITY OF LOGAN,
COUNTY OF CACHE, STATE OF
UTAH.
PUBLIC NOTICE is HEREBY |
GIVEN of the intention of the City
Of Logan, County OF Cache, State Of |
Utah, to issue, negotiate and sell its |
certain Waterworks Bonds, Series OF |
october l 1916, in the aggregate
amount of Seventy Thousand Dol.
lars ($70,000), TO be issued for the
purpose of raising funds for increas-
ing, improving, enlarging, extending,
perfecting and adding to the present
water supply and waterworks system
in said Logan City; said bonds to
bear the date the LIST Jay OF october,
years after date, without option of
prior payment, drawing interest at
! the rate Of five (5) per cent per an.
mum, interest payable semi.annually
on the LIST day of April and the lat
day of october in each year, said
bonds being in the denomination OF
One Thousand Dollars Isl ,OO0) each
and being payable, both principal
and interest. at the National Bank Of
Commerce, in the City of New York,
State of New York.
Also its certain Electric Light
Bonds, Series of October l, 1915, in
the aggregate amount OF Fifteen
Thousand Dollars (s15OO0), 20 be is
sued for the purpose of raising funds
to defray the expense of rebuilding
repairing, reconstructing, extending
and otherwise improving the pres.
ent electric lighting system in said
Logan City, for the purpose of MORE
adequately providing means Of sup.
plying electric light for said city and
for the Inhabitants thereof: said
bonds to bear date the first day of
iOctober, 1916, due and payable TWEEN
ty (20) years after dat. without op'
ton OF prior payment, drawing inter
est at the rate OF five ~ per cent
per annum interest payable ,emi'an
nually on the LIST day of April and
the list day Of October in each year
said bonds being In the denomina
ton of One Thousand Dollars $1,000,
each, and being payable, both prin
cipal and interest at the Nationa
Bank OF Commerce, in the City o
New York, State of New York.
Sealed bids for said bonds will I,
received at the office of the City Re
7, corder of said city until Monday
$ the 9th day of October, 1916, a
It the hour of 8 o'clock p. m. at whicl
e time the bids will be opened. and tn
e bonds sold to the highest bidder there
D. for. provided, however, that said
d bonds or any part thereof shall lao
n be sold for less than their race o
N par value, plus accrued interest; an
lie the city reserves the right to rejec
any and all bids and to sell sal
lg bonds at private sale II 1t Is deeme
T. for the best interests of the city.
IL All tenders and bids, or offers r.
~ purchase, must be without conditio
e; or qualification, and all bidders mu'
ed be willing and prepared to take u
n and pay for said bonds within tie
IN (2O) days from the date upon whic
lg the bonds are awarded. All bids mu
Is be accompanied by an uncondition
So certified check, for five (5) per Gel
oil Of the amount of the bid, payable
a the order OF the City of Logan,
re- be forfeited to said city as liquida
ST. ed damages should the successr
ar bidder fail to comply fully with Il
er terms OF his bid and the terms al
nd conditions hereinabove set forth.
no. Dated at the City Of Logan, Cou
a ty OF Cache, State of Utah, this 81
day OF September, 1916.
Ills SEAL.
len p. A. THATCHER,
be Mayor of the City of Log'