Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-09

~ - SALE OF FUNDING BONDS
osx OF MUNCIE. INDIANA
Office of City Controller Rooms 21a-21o-
1zg, Wysor Block, City of Muncie
Notice Is hereby given that sealed bids
VIII be received by the City Control1ar Of
ene city OF Muncie. Delaware County. In
u4aha, until IL o'clock noon on tbe 18Th
oay OF december, 1920, for the whole or
any part of certain Thirty rbonsand
t1SO,oV0) Dollars, of bonds known az ~Citv
OF Muncie Funding Bonds 1920" ana win
pc IN denominations of One Thousand
NS1'UOoJ dollars each. with interest cou-
pons attached and will bear Interest az
the rate of per cent per annum navab1e
sehh-annually on the first day of Jsnu-
airy and July, of each year of the period OF
s 5,,' Oonas, beginning on the first day of
july, 1921, said bonds shall be nurobared
from 653 to 6S2, both Inclusive. and sheii
mature and be payable as follows:
6onds numbered s53 to e62, inclusive,
Bonds numbered sea TO G7a fncIust,,6-
Jan. l, 1927;
Bonds numbered s7s to ss2, inclusive.
Jan. l, 1928,
Said bonds and coupons shall be payable
a. tHe delaware County National Bank, in
the city OF Muncie. Delaware County, In
diana, one of the authorized CITY DEPOSIT
tories, dated Dec. Is. 1920
me proposals will be opened by the
Slty controller at his office. on the 18th
OF IL o'clock noon and o'clock D m.
ana said City Controller shall thereupon
award said bonds. or II he shall see fit a
part or any number thereof. to the high
est ana oest bidder therefor, said bonds
shall be sold for cash and for not less than
par, SAID CITY Controller shall have the
rlsht 10 postpone such award until a later
cate, not beyond Dec. 90. 1920 and also
the rsnt to reject any and all bids and
proposals, or any part thereof. and also
the right &c accept a part of any bid and
10 award upon any bio the whole or less
number Of bonds covered by such bid, ex-
cept only that no bonds shall be sold at
less than par and accrued interest: and
said City Controller shall further have
the right In his Judgment and discretion
10 award SAID bonds, part to one bidder
and part to another bidder
Each and every bid and proposal shall
be presented to the City Controller, sealed
and the envelope containing said bid shall
have the following endorsement thereon.
Bid for Muncie. Indiana, Funding Bonds"
and said bid shall be accompanied. by
duly certified check upon said responsible
bank In the City Of Muncie. the City Of
Indianapolis, Indiana, in the sum OF Five
Hundred Dollars, payable to the order of
the City Treasurer, and in case any bid or
proposal shall not be accepted and there
shall DO no award OF bonds thereon, the
certified check accompanying tho same
shall thereupon be returned to such un-
successful bidder. II there shall be
bonds upon any bid or proposal the certi-
fled check shall theyeupOn be delivered to
the City Treasurer, and the said Treas
ureT shall be entitled to collect the same
and hold the proceeds until the completion
OF the purchase and payment for the bonds
awarded should any bidder fall to pay
for said bonds per his bid, the said
city shall retain said check and shall have
the right to collect the same and the
proceeds thereof when collected shall be
taken and deemed as agreed and liqui-
dated damages for such breech Of con-
tract and as a payment thereof to the
city. Delivery OF the bonds sold shall be
made at the office OF the City Treasurer
Of the City Of Muncie, Indiana. not later
than the 18th day of December, 1890 or
at such time or times as may be agreed
upon by the Controller and the purchaser
or purchasers. provided, however, that the
City Controller may extend the time for
after the date as specified or agreed upon
as aboye provided and the successful bid
der shall take the bond awarded to him.
and pay for the same at said place and
time and his refusal. neglect omission
to do so. shall be a breech of the con-
tract OF the bid on account of which dam
ages shall be retained or recovered as
hereiHbefore set out.
Said bonds shall be in form as follows
Series No.
UNITED STA TIES OF AMERICA.
STATE OF INDIANA: Dollars.
Bond No =. Si000.0 90
Delaware County.