Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-26

Interest at the rate of four and one
half 4l2) per Centum per aihum VIII
be paid semi-annually, on January |
and July /, at the office Of the Fiscal
Agent OF the Commonwealth III Phila-
dephia.
Ali bonds issued under the provisions
Of this Act shall be exempt from taxa
tion for State and local purposes.
Certificates in registered form Will be
issued in such amounts as the purchasers
may require in the sum OF one thousand
I,0O0) dollars, five thousand t0:OOO)
dollars. ten thousand 100000 dollars
ffty thousand (5O,OOO) dollars. and one
hunt,red thousand G00,000) dollars and
in coupon form in the sum of one thou
sand 10000 dollars. Said certificates
will be interchangeable as TO form.
Negotiable Interim Certificates will
be issued If desired. pending the en-
craving OF definitive certificates, and
may be obtained from the Fiscal Agent
on the day that payment Is made for
the loan. or thereafter.
Proposals must be made upon the pre-
scribed form Of blanks, copies of which
may he obtained upon application ~ the
office of the Auditor General, or from the
Fiscal Agent.
No BID will be considered unless ac-
companied by a certified check or GER
tificate Of deposit drawn to the order Of
the Commonwealth of Pennsylvania for
an amount equal to two (2) per centum
Of the principal Of the loan for which
the bid is made.
Checks or certificates accompanying
bids not accepted will be returned by
mail TO the bidders within forty-eight
(4s) hours from the time Of opening OF
the bids. Deposits Of successful bidders
will be applied in partial payment Of the
amount Of the loan awarded TO them.
No allowance vii, he made tor interest
on an advance payment from the time
o bid is submitted TO the time Of set
Element.
Settlement for the loan awarded must
be maFc with The Philadelphia National
Bank. Fiscal Agent for the Common
wealth OF Pennsylvania. in the follow
ing manner. 10 wit:
II will be optional with bidder 10
make settlement in fun on or before
THURSDAY. July J. 1920, three p. NJ.
or make six partial payGents, 10 VIII:
$4,000. 600. Thursday, July l, 1920.
Three r. VI.
$4,000. 900, Monday, August 2. 1920.
Three T.. VI.
$4,000. 600. Wednesday. September ].
1890. Three +. ".
$4,000. 900. Friday. October |. 1870.
Three r. VI.
$4,000 900. Monday, November I, 1920.
Three L. VI.
$4,000, 900. Wednesday, December /
1890. Three T. VI
The undersigned reserve the right 20
reject any and all proposals, or 10 award
all or any portion of the loan for which
bios shall be received az may be deemed
for the best interests OF the Common
wealth Of Pennsylvania.
with the exception Of the SIC .OOO. 900
issue OF 1918 above referred to. tho
State is free of all bonded Indebtedness
not now provided for by moneys In the
Sinking Fund OF the aforesaid issue %
S12,000,O00, the state has repurchased
bonds to the amount az SL50O.0UU These
bonds are a Legal investment for trust
funds and consutu'" one Of the safest
and most desirahle Investments that ran
be obtained. The wealth OF the sovereign
State of Pennsylyanta guaranteoS ab-
solute security Of principal Certainty Of
income, as We. IS ready sale for the
bonds at all times.
WILLIAM G. SPROUr.
GoVernor.
HARMON NJ KEPHART
state Treasurer.
CHARLES 4. SNYDER.
AudftOr General