Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-08
Legal NoTlcE.

NO4lCH OE@ BOND ASALE,
department Of Finance-Office of the City
Controller. City Hall. indianapolis Ind,
Nov. &c. 1920
Sealed bids will be received by the city
controller OF the city of Indianapolis In
/ diana, until twelve clock noon on the
10Th day of December 1920 for the whole
or any part Of the four hundred thousand
IoiIaFs tS4oO00O) of bonds known Fire
department. Equipment Bonda 1920" Said
! bonds. shall be. dated Dec. Is, 1920, and
VIII be in denominations Of one thousand
oolIars tSi,OoO) each, with interest coupons
| attached and will bear interest 1T the
rate Of $40 per annun, payable semi
annually on the LIST day OF January and
July Of each ysar of the period of said
ponds. beginning the list day of July.
1871 said bonds shall be numbered from
! one CD TO four hundred j4OO) both in2
elusive and same shall mature and be
| payable at the rate of twenty thousand
uolI2rs tSzOl000f on the first day of jan
uary OF each year, beginning in the year
1922 and ending In the year 1871
me proposals Will be opened by the city
controller at his ofAce on the 18th day
Of December. 1920 between the hours of
twelve O'Clock noon and two o'clock D. m.
ana said city controller shall thereupon
award said bonds If he shall see fit,
q part or any number thereof to the
hlgnest and best bidder therefor. but said
city controller shall have the right TO
postpone such award until a later date not
Deyono Dsc. ~ 1920, and also the right
10 reject any and all bids and proposals
or any part thereof; and also the right
TO accept part of any bid and to award
upon any Did the whole or less number
OF bonds covered by such bid, except only
That no bond shall be sold at less than
par and accrued interest; and said city
controller shall further have the right in
his judgment and discretion to award said
Donus part TO one bidder and a part to
another bidder
Each and every bid and proposal shall
De presented to the city controller sealed
ana shaA be accompanied by duly certi-
bed check upon some responsible bank in
the city OF Indianapolis Indiana, payable
10 the order of the city treasurer, for a
sum OF money which shall equal two and
ohe-haif (Z12) per centum OF the face or
par value of bonds bid for or proposed to
De purchased, and In case any bid or pro-
posal shall not be accepted and there
snail be no award Of bonds thereon, the
7 certified check accompanying the same
snail thereupou be returned to such ur-
! successful bidder or bidders. II there shall
De awarded the whole or any part of
the bonds upon any bid or proposal the
certified check accompanying the same
shaH thereupon be delivered to the city
treasurer. who shall thereupon present the
same Tor payment. and shall be entitled
10 collect the same and hold the pro-
ceeds collected thereon until the compile
tloh OF the purchase and payment for the
bonds so awarded. and II for any reason
said check shah not be paid uDon presen-
tation, the city shall retain said check
and shall have the right to collect the
same for its own use and Rald check and
proceeds thereof when Collected shall he
taken and deemed as agreed and Iiquidated
damages for SUCH breach of contract and
as a payment thereof to the city
In case any successful bidder shall fail
TO complete the purchase OF bonds so
awarded and TO pay for the same within
the time and manner therein required or
winch may be prescribed By the city con-
troiier. the proceeds OF such certified check
deposited by such bidder shall be taken
considered and deemed as agreed and
hquioated damages for the breach Of such
= Of has =
taken and deemed as a payment TO the
city Tor such damages, and shall be re-
tanned and held By said city for its use;
however If such successful bidder shall
complete the purchase Of said bonds
awarded 70 him. said proceeds Of said Ger
tined check shall thereupor be returned
10 such bidder. or at the option OF the
CITY controller, at the time OF the compile
ton OF the sale and payment fo- the bonds
SAID proceeds OF said certified check may
be applied and deemed q payment on ac-
count Of tho purchase OF said bonds
Delivery OF any bonds sold shall be
made at the office OF the city treasurer Of
tine city Of Indianapolis Indiana not later
than the 10Th day of December 1920 or
at such time or times as may be agreed
upon by the controller and the purchase
or purchasers. provided, however, that the
city controller may extend the time for
such delivery not more than 10 DAYS after
she day or days specified or agreed upon
as above provided. and the successful
bidder or bidders shall take the bonds
awarded to hiT or them and pay for the
same at such place and time and his or
her refusal. neglect, omission to do so,
shall be q breach OF the contract OF his
DID or proposal on account Of which dam
AGES shall be retained or recovered as
hQuldatsd as hereinabove 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:
No. -... 100000.
UNITED STATES OF AMERICA.
CITY OF INDIANA polls