Every evening, Wilmington daily commercial., 1921-09-21
PROPOSALS.
SEALED BIDS-S600 0O0-CITY OF
WILMINGTON, DELAW WARE-FIVE
PER CENT SINKING FUND
BONDS.
PROPOSALS.

Sealed bids will be received until IL |
o'clock noon standard time) on Tuesday, |
september %, A. ID. 1921. at Office of Sam |
uel j. White, city treasurer Wilmington, |
Delaware. for all or any part thereof of
six hundred thousand dollars $500. .O00)
City OF Wilmington Five Per Cent Sink
ing Fund Bonds, said bonds being issued
under authority OF an act of General As
sembly approved April II, A. ID. 1917,
entitled An Act in Relation 20 the Har-
Dor OF the City Of Wilmington" and under
authority Of an ordinance of THE Coun-
cil' passed August Is, A. ID. 1919. and
approved the same date, entitled An
Ordinance 10 authorize the Mayor and
Council of Wilmington TO borrow two
million, five hundred thousand dollars TO
be expended under the charge of the Board
of Harbor Commissioners of the said city
Tor the purpose of purchasing land, the
riparian rights and for the building and
constructing Of wharves, piers. docks, slips
bulkheads and terminals, together with
warehouses. rails, tracks and operating
machinery. and ior increasing the haTbor
and shipping facilities of the city of VIII
mington," s4O0 900 Of above authorized
amount (S2, ,5O0.OO0) having been issued
under authority OF an ordinance of "thc
Council, passed August 2l, 1919. and
approved August 2l, 1919. and under au-
stated ordinancel entitled AN ordinance
TO amend an ordinance entitled an ordi-
nance TO authorize the Mayor and Coun-
Gil or wilmington to borrow two million,
hff tnOu>duu uOlidfS. lO Dt GA-
pended under the charge of the Board of
Harbor Commissioners of the said city for
the purpose of purchasing land. the ripar-
ian rights. and for the building and con-
strucung of wharves. piers. docks. slips.
bulkheads and terminals together with
warehouses. rails, tracks and operating
machinery. and for increasing the harbor
and shipping facilities Of the city Of Will
mington, passed by "the Council" and
! approved by the mayor June 80, A. ID.
/ 1921, and under authority OF an ordinances
| passed by the Council July II, A. ID.
| 1921. and again passed by the Council
/ ID. 1921, entitled AN ordinance 10 au-
| thorize the Mayor and Council of Will
mington 10 borrow S6Oe, 900 to be ex-
pended under the charge OF the Board of
the purpose OF purchasing land. the
/ riparian rights and tor the building and
/ constructing of wharves piers docks slips,
bulkheads and terminals together with
warehouses, rails, tracks and operating
machinery and for the increasing the har-
! Dor and shipping facilities of the city of
! Wilmington" said bonds will bear date
/ of October l, A. ID. 1921, will be issued in
denominations Of fifty dollars or multiples
| thereof; will bear interest at the rate OF
/ five per centum per annum payable semi
annually on April l and October /, OF
each year until maturity and will mature
| S 79.250 will mature April /. A. ID. I947.
| LAB, 400 viii mature October /, A. ID.
l847.
! l4e,25O will mature April !, A. ID. I94s.
l49. 200 will mature October /, A. ID.
i 1913.
81 ,9O0will mature April /. A. d. Io49.
5000. 600
! All proposals must be accompanied by a
certified check payable to the order of 1.-THE
/ Mayor and Council of Wilmington" for
! f2l two per cent OF the amount Of bonds
for which bid is submitted said deposit
| To he forfeited in event of failure OF the
successful bidder or bidders to accept and
settle for bonds awarded
The successful bidder or bidders will
be required to settle for bonds awarded
them at or before II O'Clock noon lstand-
ard timc) on the seventeenth day of OctO-
from October j. A. ID. 1921. at city treas
| urer's office Wilmington, Delaware
! The genuiDcness of the signatures Of the
officials signing said bonds and of the seal
! impressed thereon viii be certified 70 by
the United States Mortgage and Trust
4 Company Of New York City and the le-
gality Of said issue will be guaranteed and
a certificate of Reed, Dougher5y and Hoyt.
attorneys, Of New York City, as TO the
legality will be furnished to the successful
bidder or bidders The right is hereby re-
| served to reject any and all bids
ROBERT ID KEMP.
DAVID NJ. HlLLEGAS.
JOHN j. MONAGHAN
/ Commissioners of the
Sinking Fund.
JAMES b. McMANUs
JAMES $. EVANS.
JOHN +. HENRY,
| Finance Committee of
THE Council.