The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1916-09-16
NOTICE OF SALE

OF WATERWORKS BONDS IN THE
AGGREGATE AMOUNT OF SEVEN
TY THOUSAND DOLLARS (s7O, OOOl
AND ELECTRIC LIGHT BONDS, IN
THE AGGREGATE AMOUNT or
FIFTEEN THOUSAND DOLLARS,
u5,OOO), OF THE CITY OF LOGAN,
COUNTY OF CACHE, STATE or
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 ($7O,OOO) to be issued for the
purpose of raising funds for increas.
ing, improving. enlarging, extending,
perfccting and adding to the present
water supply and waterworks system
in said Logan City; said bonds to
bear the date the LIST day of october,
1916, due and payable twenty t2O)
years after date, without option of
prior payment, drawing interest at
the rate of five 60 per cent per an
mum, interest payable semi-annually
on the list day of April and the LIST
day OF october in each year, said
bonds being in the denomination OF
One Thousand Dollars $1,000 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 1, 1915, in
the aggregate amount Of Fifteen
Thousand Dollars (s15,OOO), 20 be Is
sued for the purpose of raising funds
10 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 cp- !
ton OF prior payment, drawing inter.
est at the rate of five (5) 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 dencmina-
ton of One Thousand Dollars $4,000 |
each, and being payable, Doth 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 lie |
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 not |
be sold for less than their race 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 it 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 hereinabove 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