Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-12
NOTICE OF SALE OF BONDS or pAA
DISTRICT OF THE CITY OF
nj q

1N0lANASO1IlcS llN4s
Sealed bids will be received By thu cit
controller Of the city Of Indianapolis, n
| DIANA until ~ o'clock M, on the 3stE
day Of December, 1871. for the whole g
| dollars of bonds Of the park district a
the city Of Indianapolis, Indiana. whict
said bonds are designated Park Dtstrtcz
s ada Of 1871 81 p .s.n; No. ISL ss said w
will be thirty-two (32) in number an
/ will be for Eve hundred (s5o0l doIlarI
each with interest coupons attached Sal
| bonds will bear interest at the rata a
four and one-half (4A9o) per cent psS
| annuna, payable semi-annusIly on the nysz
| day Of January and July Of each yea s
The first coupon on each bond Will be5
come due and payable on the hrst day q
said bond from date OF issue to said date
This issue OF bonds consists Of thirty-tws
(32) annual series Of one bond each ThI
first series will become due and payabll
on the first day of January, 1924. and
one series will mature on the first day n
January Of each succeeding year in tn!
consecutive order of their respective NUM-
bers. Both principal and interest are pay|
able at the ONCE OF the treasurer Of TIL
city of Indianapolis, Indiana, and conl
stitute an obligation of the park district
of the city Of Indianapolis. Indiana
Bids for the purchase of said bond
shall be Endorsed Bid for Park District
Bonds of 1921. Issue No. H." directed II
the city controller. Indianapolis, IndianaI
blQQeTB may Do lot I'LL OF any pdIE oE
said bonds.
Proposals will be opened by the cit}
controller at his office on the 24th day ol
December. 1921, between the hours OF II
m. and o'clock p. m. and said controlled
will thereupon award said bonds, or II ID
shall see flt, part thereof, to the highest
and best bidder therefor. but the said
controller shall have the right to reject
any or all bids or proposals or any par|
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 bond1
covered by each bid, excepting only thai
He may also, in his Judgment and discrej
ton, award part of said bonds to ond
: bidder and a part to another.
Each bid shall be accompanied by d
certified check upon some responsible banll
OF the city of Indianapolis, Indiana, payal
bic to the order of Ralph A. Lemcke, city
treasurer, for sum of money equal I'd
two and one-haf (2A 20 per cent OF this
face or par value of the bonds bid for
The bonds awarded will be delivered al
the once of the city treasurer of indiana
apolis, Indiana, on the 24th day of De
cember 1921. or at such time or times Al
may. on the day bids are opened and
award is made. be agreed upon; all sucr
deliveries however to be made within
thirty (30) days from the date of such
award, and the successful bidder or bidders
shall take and pay for the bonds awarded
toA him or them and his or their omission
neglect or refusal so to do shall be Z
posal, on account OF which damages shall
be retained or recovered as liquidated.
Said bonds are offered for sale under
and by virtue Of the provisions OF an acs
OF the General Assembly of the State OF
Indiana approved March H. 1919. entitled
AN Act concerning the department. OF
public parks in cities of the first class
defining It's powers and duties, creating a
taxing district for park purposes in each
city of the first class, repeating conflict
ing laws, and declaring an emergency. :
and 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 se;i bonde
for the purposes therein set out
The opinion Of Messrs. Smith, Rernster
Hornbrook & Smith concerning the legality
of these bonds will be furnished to the sue
! cessfuI bidder for the same.
ROBERT H. BRYSoN,
| City Controller.