The New York herald., 1921-06-15
Bank of
America
CLINTON GILBERT
Wall Street. N. Y. Tel. AS48 Rector
'sMONwEALTH OF PENNSYLVANIA
$4,000, 900 Issue Of $50 900 Loan


30 Years-Due July 1, 1881.
zee FROM THE PERSONAL PROPERTY
TAX IMPOSED BY THE
STATE OF PENNSYLVANIA.
,,;RTAxEs. ALSO EXCESS PROFITS
TAXES OF THE FEDERAL INCOME
TAX UNDER EXISTING LAWS.
Office of the Auditor General,
Harrisburg. May 81, 1921.
Saled proposals will be received by the
iersigned At the office. Of the Auditor
,esdsy. June ri. 1921. for fifteen million
600 ooo) dollars Loan of the Common
aith OF Pennsylvania on the following con-
ihons:
This issue is a part OF a loan OF f5o. 900 900
uthorized by an Act approved the 18th day
April. 1919 (Pamphlet Laws, page e2).
'-bruary. 1921, and together with the
,tevlous issues-sERIES A and SERIES B.
lakes a total OF s3s SOC. 900 issued under the
The bonds now offered. amounting in the
aggregate TO SIS, ,o0o. 900. win be dated July
y 1921. and will be payable at The Phila-
deiphia National Bank OF Philadelphia, Fts-
cal Agent OF the Commonwealth, In lawful
money on July I. 1861.
Interest at the rate of five (5) per csntum
ianusry and July 1. at the office Of the
fiscal Agent Of the Commonwealth In Phila-
deiphia.
tnis Act shall be exempt from taxation for
state and local purposes.
Certificates in registered form will be
issued In such amounts as the purchaser.
may require In the sum OF one thousand
nooO) dollars, five thousand $4,000 dollars.
ten thousand 10000 dollars. twenty-five
thousand (2b, ,0O0) dollars. fifty thousand
80. .00o) dollars. and one hundred thousand
100. .0o0) dollars; and in coupon form In the
sum OF one thousand u.000) dollars. Said
certificates will be interchangeable as TO
Negotiable Interim Certificates wri be is
susd II desired. pending the engraving OF
dsfini,ive certificates. and may be obtained
from the Fiscal Agent on the day that pay
rnent Is made for the loan, or thereafter.
Proposals must be made upon the pre-
Eoribed form OF blanks, copies OF which may
b. obtained upon application at the office Of
Agent
panied by a certified check or certificate OF
deposit drawn 70 the order Of the Common
wealth OF Pennsylvania for an amount equal
10 two (2) per centum of the principal Of
the loan for which the bid is made.
Checks or certificates OF deposit accom-
psnying bids not accepted will be returned
by mail to the bidders within forty-eight
fsp hours from the time OF opening OF the
bids. Deposits of successful bidders will be
applied In partial payment OF the amount Of
tha loan awarded TO them. No allowances
Win be made for interest on an advance pay
fnent from the time bid II submitted 70
the time of settlement.
Settlement for the loan awarded must he
made with The Philadelphia National Bank,
riscal Agent for tho Commonwealth Of
Pennsylvania. in tho following manner. to wit:
N will be optional with bidders 20 make
settlement In full on or before Friday July l.
1921. st three p. NJ. or 20 make. IN proper
ionste amounts. five partial payments. "a
vft:
81 mo 900 and premium, Friday. July 1, 1921
G3po0,0o0 and accrued interest, Monday,
August I. 1921
$4,000. .ooo and accrued interest, Thursday,
September 1. 1921
Fs.ooo.ooo and accrued interest. Saturday,
October 4. 1921
% 200. 900 and accrued interest, Tuesday,
November 1, 1921
The undersigned reserve the right 10 reject
any and all proposals, or TO award all or
any portion OF the loan for which bids shall
be received. as may be deemed for the hos;
srfercsts Of the Commonwealth OF pennsyl-
Vania
With The exception ~ the si2 200 600 issue
feries and sill 500 900 Series Y above re-
ferred TO- the state is free 81 all bonded in
daNtedness not now provided for by moneys
fn ihe Sinking Fund. OF the aforesaid issues
saeregating so3 800 600, the state has re-
purchased bonds TO the amount of 81 500, 600.
these bonds are a legal Investment fof trus,
funds
WIN. o. sPRoUL, Governor.
SAMUEL q. LEWIS, Auditor General.
w". A sNxpuB. STATE TrssAursn