Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-05
LEGAL NOTICES.
NOTICE OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
INDIANAPOLIS. IND.


Sealed bids will be received by the city
controller of the city of Indianapolis, In
diana until Il o'clock m, the oath
day of December, 1921 for the whole or
any part of thirty-thr thousand (s33 0O0)
dollars of bonds of the park district of
the city of indianapolis, Indiana, which
9s'4N po4l.is are designated FafR district
Bonds of 1921, Issue No. 10,' and will be
! dated as of Dec "a, 1921. Said bonds
Will be sixty-six 900 in number and
will be for five hundred (s500) dollars
each with interest coupons attached Said
| bonds Will bear interest at the rate of
five and one-half (5k@6) per cent per
annum, payable semi-annually on the first
day Of January and July of each year.
The first coupon on each bond will be-
come due and payable on the first day of
July, 1929, and will be for the interest on
said bond from date of issue to said date.
This issue of bonds consists of twenty-five
(22) annual series of three bonds each. The
first series will become due and payable
on the first day of January, 1924, and
one series will mature on the first day OF
January of each succeeding year in the
consecutive order of their respective num-
bers. Both principal and interest are pay
able at the Office 81 the treasurer OF the
city of Indians isolis. Indiana, ard cca-
stitute an obligation of the park district
of the city of Indianapolis Indiana.
Bids for the purchase of said bonds
shall oe Endorsed Bid for Park District
Bonds of 1921, Issue No. TO-" directed to
the city controller, Indianapolis, Indiana.
Bidders may bid for all any part OF
said bonds.
Proposals will be opened by the city
controller at his Office on the gath day of
December, 1921, between the hours of IL
m. and o'clock p m. and said controller
will thereupon award said bonds, or If he
shall see fit. part thereof, to the highest
and best bidder therefor, but the said
controller shah have the right to reject
any or all bids or proposals or any part
thereof. and shall have the right to accept
a part of any bid. and to award upon any
bid the whole or any less number of bonds
rad hT~ oh hi ~
no bonds shall be sold for less than par.
He may also, in his judgment and discre-
ton. award part of said bonds to
bidder and q part to another.
Each bid shall be accompanied by a
certified check upon some responsible bank
of the city Of indianapolis, Indiana, paya-
Bile to the order of Ralph A Lemcke. city
treasurer, for sum of money equal to
two and one-half ego per cent of the
face or par value of the bonds bid for.
The bonds awarded will be delivered at
the office of the city treasurer of Indian
apolis, Indiana, on the gath day OF De-
cember, 1921, or at such time times as
may on the day bids opened and
award is made, be agreed upon; all such
deliveries, however. to be made within
thirty 600 days from the date of such
award, and the successful bidder or bidders
shall take and pay for the bonds awarded
to him them and his or their omission,
neglect or refusal SO to do shall be q
breach of the contract of his bid pro-
posal, on account of which damages shall
be retained or recovered as iQuidated.
Said bonds are offered for sale under
and by virtue of the provisions of an act
of the General Assembly of the State or
Indiana, approved March IA, 1919, entitled
"An Act concerning the department of
public parks in cities of the first class.
defining its powers and duties, creating a
taxing district for park purposes in each
city of the first class repeating conflict
ing laws, and declaring emergency
aud all acts amendatory thereof or appli-
cable thereto, and pursuant to a resolution
of the board of park commissioners OF
the city Of Indianapolis. Indiana, directing
the undersigned to issue and sell bonds
for the purposes therein set out.
The opinion of Messrs. Smith, Rernster i
Hornbrook & Smith concerning the legality
of these bonds will be furnished to the sue
cessful bidder for the. same
ROBERT H. BRYSON
City Csnr4-nIlnu