The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1916-09-21
NOTICE OF SALE

W Oi'iNo bONDS IN THE
AGGREGATE AMOUNT OF sEvr,.
TY THOUSAND DOLLARS (s7o ooo'
AND ELECTRIC LIGHT BONDS ~.
THE AGGREGATE AMOUNT or
FIFTEEN THOUSAND DoLrAp.
(l5,00O), OF THE CITY OF LocA,
COUNTY OF CACHE, STATE oS
UTAH.
PUBLIC NOTICE is uEREpv
GIVEN of the intention of the ~.
of Logan, County of Cache, State o,
Utah, to issue, negotiate and sell q.
certain Waterworks Bonds, s;erie, =,
October l 1916, in the aggrego,,
amount Of Seventy Thousand Dol
lars ($70,00O), to be issued for tbo
purpose OF raising funds for increa,.
ing, improving, enlarging, extending
perfecting and adding to the prssen,
water supply and waterworks system
In said Logan City; said bonds 70
bear the. date the LIST Jay of October
1916. due and payable twenty t2M
years after date, without option q,
prior payment, drawing interest a,
the rate of five (5) per cent per an.
mum, interest payable semi-annuallv
on the LIST day of April and the LAT
day of October in each year, said
bonds being in the denomination O,
One Thousand Dollars ($1,OOo) 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 Ligh,
Bonds, Series of October l, 1917. IN
the aggregate amount Of Fifteen
Thousand Dollars ($15, to 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 a means OF sup.
plying electric light for said city and
for the Inhabitants thereof; said
bonds to bear date the first day Of
October, 1916, due and payable twen
ty (2O) years after date, without CD
ton Of prior payment, drawing inter
est at the rate of five 60 per cent
per annum interest payable ,emian.
nually on the list day Of April and
the LIST day of October in each year,
said bonds being in the denomna.
ton Of One Thousand Dollars Isl OOO
each, and being payable, both prin.
cipal and interest at the National
Bank Of Commerce, in the City Of
New York, State Of New York.
Sealed bids for said bonds will ta
received at the Office of the City re-
corder Of said city until Thursday,
the 2Sth day Of September, 1916, at
the hour OF o'clock p. NJ. at which
time the bids will be opened, and the
bonds sold to the highest bidder there.
for, provided, however, that said
bonds or any part thereof shall hot
be sold for less than their face or
par value, plus accrued interest; and
the city reserves the right to reject
any and all bids and to sell said
bonds at private sale II 1t is deemed
for the best interests of the city.
All tenders and bids, or offers for
purchase, must be without condition
or qualification, and all bidders must
be willing and prepared to take up
and pay for said bonds within ten
Q0) days from the date upon which
the bonds are awarded. All bids must
be accompanied by an unconditional
certified check. for five (5) per cent
Of the amount of the bid, payable to
the order of the City OF Logan, to
be forfeited to said city as liQuidat'
ed damages should the successful
bidder fail to comply fully with the
terms OF his bid and the terms and
conditions hereinaboye set forth.
Dated at the City OF Logan. COun'
ty of Cache, State of Utah, this 18th
day Of September, 1916.
SEAL.
p. A. THATCHER,
Mayor OF the City of Logan
State OF Utah.
Attest:
w. H. LARSEN,
Ex-Ofiicio City Recorder.
Adv. lO'ZS
Thoughtful Husband.
A New Yorker tells of married
rOuDla he absnryad al N county fillF In