Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-01
LEGAL NOTICE.
NOTICE OF BOND SALE.
department of Finauce-OfAca ~ H. C,,t,


NOTICE OF BOND SALE
department of Finance-Offce OF the Citv
Nov. 80, 1920 --1' -AN-''
Sealed bids win be received by the citv
controller of the city Of TpdIansnoUs n
diana, until twelve O'clock noo1 nn tta
10Th DAY OF December, 1890 for the whole
Or Sc any part Of the four hundred thousand
ne LAS S4VS.0oo3 OF bonds known as Fire
ipepsr tinent Equipment Bonds, 1920" said
Donos shall be dated Dec. is. 1920. and
WIZ be in denominations Of one Thousand
o tt SSA.OoO) each, with interest coupons
att@cheo ana Will bear interest at the
rats OF Afo per annurn PAYABLE semi
annually on the LIST day Of January and
bond OF each year Of the period of said
1921, said bonds shall be nuTnbered Sroyo
one ~ to four hundred (4Oo) both in
cluslye ana same shall mature and be
55o ai,a az at the rate Of twenty thousand
uary or each year, beginning in the year
1872 ana ending In the year 1871
me proposals will be opened by the city
Cont IoIler at his office on the 18th day
OF december, 1920, between the hours OF
WE'VE o'clock noon and two o'clock D. m
ana said city controller shall thereupon
a"aro said bonds, or II he shall see fit,
part or any number thereof, to the
highest and best bidder therefor. but said
CITY controller shall have the right to
postpone such award until later date not
beyond Dec. %. 1920, and also the right
to reject any and all bids and Dronoss1s
or any part thereof: and also the right
70 accept part OF any bid and to award
upon any Did the whole or less number
OF pouds covered by such bid except only
that no bond shall be sold at less than
par ana accrued interest; and said city
controller shall further have the right in
ms Judgment and discretion to award said
another bidder
Each and every bid and proposal shall
De presented to the city controller sealed
mil a
ned check upon some responsible bank in
the city OF indianapolis. Indiana psyabla
TO the order Of the city treasurer, Tor q
sum or money which shall equal two and
one-half (2h) per centuu of the face or
gar value OF bonds bid for or proposed to
De purchased, and in case any bid or pro-
posaI shall not be accepted and there
snail be no award Of bonds thereon fha
certified check accompanying the same
snail theFeupon be returned to such IN
successfu! bidder or bidders II there shall
DC DC awarded the whole or any part OF
the PONDS upon any bid or proposal, the
ceFtihed check accompanying the same
shaH thereupon be delivered TO the city
treasurer. who shall thereupon present the
same Tor payment and shall be entitled
~ coAect the same and hold the pro-
ceeds collected thereon until the compile
tlon OF the purchase and payment for the
oohos 80 awarded. and II for any reason
sald check shall not be paid upon presen-
tation, the city shall retain said check
ana shaH have the right to collect the
same Tor IT'S own use and said check and
proceeds thereof when collected sbaU h.
taken and deemed as agreed and uouIda,s6
damages Tor such breach Of contract ara
as a payment thereof to the city.
IN case any successful bidder shall fail
10 complete the purchase OF bonds "a
awarded and TO pay for the same withI1
'He l!lne and manner therein required or
when may be prescribed by the CITY con-
Io..eF. ths proceeds OF such certified check
deposited by such bidder shall be taken
considered and deemed as agreed aud
Aqu!dated damages for the breach OF SUCH
nlGuet contract Of purchase and shall be
-"AtH anu ceemed as a payment TO tho
city for sucl damages and shall be re-
tanned ana held ~ said city for its use.
however X such successful bidder shall
complete the purchase OF said bonds
SIutd 70 him said proceeds OF said Ger
uAec check shall thereupoR be returned
20 such. bidder or at the option OF the
e4ty controller. At the time OF the compile
to-. Of the SAFE and payment for the bonds
said proceeds Of said certified check 'r0av
re appIed and deemed q payment OF ac-
count Of the purchase OF said bonds.
D-AFrry Ok aly bonds sold shall be
made n the ofdce OF the city treasurer Of
tl.e city Of Iualanap polls, indiana NOT later
tGan the 18th day OF December 1920. or
at 6ueh time OK times may be agreed
upon ny tho controller and the purchase
or pGr haaera, provided. however that the
city controller may extend the time for
sNch delivery not more than o days after
the--dAy or days specified or agreed upon
bidder or bidders shall take the bonds
a" ardcd 10 him or them aHd pay FOR the
same az such place and time and his OF
her refusal neglect. or omission 20 DO so
shall be "A breach OF the contract OF his
bid or proposal on account OF which dam
S5'5 shall be retained or recovered as
NQuidattd as hcretuEDoYe set out.
said bonds and the interest coupons shall
be negotiable and payable at the Union
Trust COMPANY Indianapolis, Indiana, and
shall be In form as follows;
UNITED STATES OF AMERICA,
CITY OF INDIANAPOLIS.
MARION COUNTY. STATE OF INDIANA
Fire Department Equipment Bond. 1920.
For value received, the city OF Indian
Hpo.ls. ~ Marion County. I'm the State Of
Indiana. hereby promises 20 pay 10 the
bearer without any RELIEF from valuation
or appralsemeut lows, on Dec. 10
at the Union Trust Company OF Indian
epQls lHdiGLa, one Thousand dollars IN
lawful money Of tho United states OF
America. together with interest thereon at
the rate OF FIVE and one-QuaTter CO..
per cent per @auu4I, trcm OEte until paid.
the drst interest payable on the 18th day
of June. 1921, and the interest thereafter
payable semi annually on the LIST day OF
July to January. respectively upon the
presentation and surrender OF the proper
interest coupons hereuuto attached and
which are made part Of this bond
Tails bond IS one Of an Issue OF four
hundred (400) bonds. Of one thousand
dollars csch. numbered from one % to
IoJr AuLOTeQ t4bbtf Doth inclusive OF
date issued by said city OF In
dianapoNs pursuant 20 an ordinance passed
by the common council OF the city, on
Nov s. 1890, and an Act OF the General
Assembly OF the state Of Indiana. entitled, I
An Act Concerning Municipal Corpora
lions" approved March .. 1905. and acts
ameudatory thereof.
II IS hereby certified that ell the condi |
tons acts and things essential to tho
validity Of this bond exist. have happened. /
and have been. done. and that every re-
Quirement OF law affecting the issue hereof
has been duly complied with and that this
bond Is within every debt and other limit
prescribed by the Constitution and the
laws Of the State OF Indiana. and that the
faith and credit OF the city Of Indianapolis, !
Indiana, are hereby IrrevocRbly pledged TO
the punctunl payment Of the principal and /
interest OF this bond according to its
terms.
In witness whereof the common council /
of the city Of indianapolis. Indiana. has
caused this bond to be signed by the mayor
and city controller and attested by the
city clerk and the corporate seal Of said
city to be hereto affixed this go. day OF
........, 1920.
ROBT. II. BRYSON.
City Controller.