Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-03-04

Notice is hereby given that the
l5card of Education of the City OF
Albuquerque of the State of New
Mexico, on March 10th, 1920, in the
said City of Albuquerque, will Of
Ter for sale $4,000 Buildin"
Bonds of said Board of Educ"''y4,
,utAnriEed by vote at spec cleo
tioi held for that pur9asu On NJ
uary 18th. 1920. a}l 3rEoa 90 pc.
cated February 1st. 1879. maturing
February lst. Iq4e, @stl opuon of
esaanyat ca or aztec Ftoruur
1880 TO bear interest at the fa,e OF
1--WE ana oua-haf pei Ger, tohTo)
Ter annUru, payaata eT.n-annually,
aTyNtf tr .t ri Interest payable
at Tho National Bank of Commerce
ia ne City of New York.
re following conditions only
shall govern said sale:
Sealed bids addressed to said
Board or to Mr.. w. B. Rutledge,
Clerk of said Board, are to be filed
with the Clerk of said Board at his
office in the High School building
in said City of Albuquerque, on or
before 1880 o'clock p. m. on March
10th, 1920, and Immediately there
after said Board will meet and will
open and consider said bids, re-
serving the right to reject any or
all bids.
Said bonds will be delivered by
Sc id Board for payment at any SOL
vent National bank in the United
States, designated by the successful
bidder, but the cost of such deliv-
cry from Albuquerque, New Mexico.
will be given consideration in MAX
ing the award of said bonds.
Each bid is to be accompanied
by a cashiers or certified check or
bank draft in the sum of $500,
payable without conditions to the
said Board of Education or to its
treasurer, to be applied as part pay
ment on said bonds if and when
delivered and to be forfeited as
liquidated damages in the event
said bonds are awarded to the bid
der and said bidder should fail,
neglect or refuse to take up and
nay for said bonds within five days
after their delivery for payment as
provided herein, said check or draft
to be returned promptly to any
bidder whose bid is not accepted by
said Board or said Board should
be unable to furnish. the approving
opinion of Caldwell & Raymond. as
provided herein and make delivery
of said bonds within a reasonable
time.
Said bonds are offered and are
to be sold subject to the approving
opinion of Caldwell & Raymond OF
New York, which opinion said
Board agrees to furnish to the pur-
chaser. N
Said bonds are expected to. bel
completed and ready for delivery
Immediately after their sale.
The Board will give favorable
consideration to bid providing for
installment payments for said
bonds.
At the time of or prior to the
delivery of said bonds for payment.
said Board will furnish the pur-
Jchaser three complete certified
copies of transcript of proceedings
relative to their issuance, together
with the approving opinion of
caldwell d Raymond of New York.
Said bonds cannot be sold for
less than 95 per cent of their face
and accrued interest to date pay
ment is made therefor.
( The following statements from
official records and estimates are
given for the general information
of bidders:
Total number of votes cast for
the bonds, 1903: against. 81.
Assessed valuation, $15,546,-
G44.00.
Total indebtedness, including this
issue, $659,000.00.
/ Total sinking fund. s43,SS9.67.
Area Of district. including the
city of Albuquerque, four sections.
Estimated population of the
School District including the City
of Albuquerque, $4,000; of the City
of Albuquerque, 15.000; scholastic
population. 5,719.
All taxable property in the dis
trict is subject to a direct adva-
loren tax for the payment of
principal and interest of said bonds.
No litigation is threatened or
pending in any way attacking the
regularity or validity of said bonds
or of any of the proceedings rela-
tive, to their issuance, and proper
showing to this effect will be fur
nished with the delivery OF bonds.
~ w. B. RUTLEDGE. JR,
81. Clerk Bosyd oe Education.
.