Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-14
LEGAL NOTICES.

NOTICE OF BOND SALE
department Of FinaDce. once Of the
City Controller
City Hall, IndianapoliS Ind, Dec %. 1921.
Sealed bids will be received by the CITY
controller Of the city of Indianapolis un-
III II O'Clock noon on Friday the 23d day
of December, 1921 for the whole or any
part OF the one million six hundred thou
| sand dollars ($1,600, O00) of bonds known
ana designated as indianapolis World
war Memorial Bonds. 1921" Said bonds
shall bear date of November 10 1921 and
shall be due and payable on the first day
or January, 1927 and will be in denomt-
nations of one thousand dollars Isl 0OO)
each. with interest coupons attached and
VIII bear interest at the rate of per cent
I tbWl per annum, payable semi-annually
on the first day Of July ard the first day
of January of each year, and said INSTALL
7 ments of interest shall 10 evidenced by
| interest coupons attached to said bonds
| The first coupon attached to each of said
| bonds shall be for the interest on said
bond from the date Of issue until the first
day OF July, 1922; said bonds shall be
numbered from one % to sixteen hun
! dred (l600) both inclusive.
The proposals viii be opened by the
| city controller at his office on the 23d dav
| Of December, 1921, between the hours Of
| u o'clock and 2 o'clock D. m and
said city controller shall thereupon award
said bonds, or If he shall see fit a part
| or any number thereof to the highest
| and best bidder therefor, but said city
| controller shall have the right to post
pOne said award until a later date NOT he
! yond the Both day Of December 1921. and
| also the right to 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 bid the whole
/ or less number Of bonds covered BY such
| bid, except only that no bond shall be
sold al less than par and accrued inter
! est, and said city controller shall further
/ have the right in his judgment and dis
erection to award said bonds a part TO
| one bidder and a part to another bidder
Each and every bid and proposal shall
| be presented to the city controller sealed
and shall be accompanied by duly Ger
tilted check upon some responsible bank
in the city of Indianapolis, Indiana, pay
able TO the order Of the city treasurer, for
a sum of money which shall equal two
and onehaf per cent g y fc) of the face
or par value of bonds bid for or proposed
to be purchased and in case any bid or
proposal shall not be accented and there
shall be no award Of bonds thereon. the
certified check accompanying the same
shall thereupon be returned to such
successful bidder or bidders. If there
shall be awarded the whole or any part
/ of the bonds upon any bid proposal the
certified check accompanying the same
shall thereupon be delivered to the city
treasurer who shall thereupon present the
same for payment and shall be entitled
to collect the same and hold the proceeds
collected toefeon until the completion of
the purchase and payment for the bonds
so awarded. and If for any reason said
check shall not be paid upon presentation
the city shall retain said check and shall
have the right to collect the same for its
own and said check ana proceeds
thereof when collected shall be taken and
deemed as agreed and nquidated damages
for such breach Of contract and as a pay
ment thereof TO the city.
In case any successful bidder shall fail
to complete the purchase of bonds
awarded and TO pay for the same within
the time and manner herein required or
which may be = escr1bed by the city con-
tTOler the proceeds of such certified
check deposited by such bidder shall be
taken. considered and deemed as agreed
n nd a tod dn DNa -aa for Of
such bidders contract of purchase and
shall be taken and deemed a q payment
to the city for such damages. and shall
be retained and held by said city for its
use. However, IL such successful bidder
shall complete the purchase Of said bonds
awarded TO him said proceeds of said
certified check shall thereupon be
turned to such bidder. or at the option Of
the city controller at the time OF the
completion of the sale and payment Tor
the bonds said proceeds Of said certified
check may be applied and deemed pay
ment on account of the purchase of said
bonds
Delivery of any bonds sold shall be made
at the office of the city treasurer Of the
city of Indianapolis Indiana, not later
than the S1st day of December. 1921, 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
such delivery not more than ten (1O) days
after the day or days specified or agreed
upon as above provided, and the success
full bidder or bidders snail take the pOuuS
awarded to him or them and pay for the
same at such place and time and his or
her refusal neglect or omission to do So
shall be a breach of the contract of his
bid or proposal on account of which dam
ages shall be retained recovered as
liouidated as hereinabove set out.
said bonds and the interest coupons
shall be negotiable and payable at the
Union Trust Company Indianapolis, In
diana. and shall be in form as follows:
UNIFIED re STATES OF AMERICA, CITY
OF INDIANAPOLIS, MARION COUNTY,
STATE OF INDIANA
INDIANAPOLIS WORLD WAR
MEMORIAL BONDS OF 1921.
For value received, the city of Indianap-
oils in Marion County, State of Indiana
hereby promises to pay to the bearer
without any relief from valuation or APP
praisement laws, January l, 1927, at
of Indianapolis. Indiana one thousand
ISL OO0.0O) dollars in lawful money of the
United States, together with interest
thereon at the rate of six per cent (6Te)
ner annum from date until paid, the first
interest payable on the first day OF July
1922 and interest thereafter payable
and July respectively on the presentation
and surrender of the proper interest cou-
pons hereunto attached and which are
made a part Of this bond.
This bond is one of an issue of sixteen
hundred 1600) bonds of one thousand
(s1 100000 dollars each, numbered from
Inclusive of date of November IS, 1921,
issued by the city Of indianapolis pur-
suant to an ordinance passed by the COM
mon council of said city on the Sd day of
October. 1921 and an act Of the General
Assembly of the State of Indiana, entitled
IAN Act Concerning Municipal Corpora
+ions' approved March g. 1905, and acts
anendatory thereof and supplemental
thereto. Including an act of the General
Assembly of the State Of Indiana, en-
titled:
any city in the tSate of Indiana, to
ACQUIRE grounds, real estate and in
terest therein by purchase, donation
or condemnation, and to erect and
maintain thereon suitable structures to
commemorate the valor and sacrifice
of the soldiers, sailors and marines of
the United States of all patriotic
organizations and all others who rem
dered loyal service and made sac
rffces at home and overseas in the
great World War. and to provide
therein place or places Of meetings
and headquarters for organizations of
such soldiers. sailors and marines, of
all patriotic organizations and Others
and for other public purposes and
authorizing any city to join with the
county in which 1t Is located In the
ACQUISITION of such grounds real
tate and interests therein, and the
erection and maintenance of a such
memorial structures and to IRvide
for the creation OF a board of tn eeE.
its powers and duties, and authWzing