The New York herald., 1921-11-15
PROPOSAIA.
COMMONWEALTH of PENNSYL-
VANIA.
S11.9OO.O 600. Issue of $50. 900. 900 Loan


s11.eo0.ooo. Issue OF s5o.0oo,0oo Loan
SERIES d
$3.50 Years 4a.c % Registered and Coupon
Bonds. Due December ]. 1936-1951,
with the option to the Commonwealth to
redeem as whole at par and accrued
interest at the expiration OF fifteen (16)
years from the date OF issue of this loan,
or at any interest period thereafter, upon
sixty days notice by public advertise
FREE FROM THE PERSONAL PROP
ERTY TAX IMPOSED BY THE STATE
Oh PENNSYLVANIA EXEMPT FROM
ALSO EXCESS PROFITS TAXES OF
THE FEDERAL INCOME TAX UNDEl.
EXISTING LAWS.
once OF the Governor,
Harrisburg, October 81, 1921.
Sealed proposals will be received by
the undersigned ut the office OF the Gov
ernor at Harrisburg. until ~ o'clock
noon Tuesday. November. 20, 1921. for
G1.2oo,o ,oo0) dollars Loan of the Com
rnonwealth of Pennsylvania on the fol-
lowing conditions:
This hi, issue Is part of a loan Of
proved the 18th day OF April. 1918
tPamrhlet Laws. page 62). amended BY
an act approved the 10th day OF Feb
ruary. 1921. and together with the pre-
yious sissues--SERIISS A, SERIES y and
SERIES C--makes a total Of s5o.00o,00o
issued under the authority granted.
Interest at the ratio OF four and three
quarters (iA) per cent per annurn VIII
be paid serui-aEnually on June and
December !. at the office of the Fiscal
Agent OF the Commonwealth in Phila-
delphia.
The bonds now offered. amounting in
December !. 1921. and will be payable
in thirty (3o) years December I. 1s51).
Ia lawful money. with the option OF the
Commonwealth TO redeem as a whole at
4 i .f-s.
tion of fifteen (15) years from the date
or issue of this loan, or at any interest
period thereafter at the Office OF the Hls-
cal Agent upon sixty (6o) days notice
by .ublic advert iJe!nent.
An bonds issued under the provisions
OF this Act shall be exempt from taxa
ton for state and local purposes.
Certificates in registered form VIII be
Issued in such amounts as the purchasers
may require In the sum OF one thousand
Il .060) dollars. five thousand (5.o00)
dollars, ten thousand 10000 dollars.
hundred thousand (l0o,o0o) dollars
and In coupon form in the sum OF one
thousand G.o0o) dollars. Said certih-
Gates will be interchangeable as TO form
Negotiable Interim Certificates viii be
issued II desired. pending tho engraving
of definite certificates, and may DO OBJ
tained from the Fiscal Agent IN the oay
that payment Is made for tae loan. or
Proposals must be made upon the pre-
scribed form OF blanks. copies of which
may bc obtained upon application a. the
Office of the Governor, or from tho Fiscal
Agent.
No bid will be considered unless sc-
companied by n certified check or cer--
uncate Of deposit drawn 10 the order or
the Commonwealth OF Pennsylvania Tor
OF the principal Of the loan for which
the bid ~ made. Checks or certificates
Of deposit accompanying bids not &C
copied viii 20 returned by mail tn the
bidders within forty-cight (sS) hours
from the time OF opening OF the bids
Deposits Of successful bidders VIII be
applied IN partial payment OF the amount
iowsnce 20 1 1S viii en be aGe FOR inter- ineres, on ar
advance payment from the time the bid
is submitted 10 the time OF settlement.
Settlement for the loan awarded mus
be made with The Philadelphia National
Bank. Fiscal Agent for the Common
wealth Of pennsylvania. IN the following
manner 10 Wit
n will be optional with bidders 70
make settlement in full on or before
J.. NJ. or 10 make. in proportlonatc
amounts, three partial payments to Wiz:
$4,000. 900 and premium. Thursday. Da~
cember /, 1921.
$4,000 600 and accrued interest. Tues
day. January 3, 1922.
$4,000, 900 and accrued Interest.
Wednesday, February l. 1879.
Tho undersigned reserve the right 10
rejsc, any and all proposals. or to award
al or any portion OF thc loan FOR which
bids shall be received. as may ta deemed
for tho best interests of the Common
weslth os Pennsylvania.
With THE exception OF tho ferl,s 4,
Series y and Series & issues above re-
ferred 60, the state IL free CT ell Bonded
Indebtedness NOT now provided for by the
moneys IN the sinking Fund. of tho
aforesaid issues asgregating S3S.S00.00t.
the state has rcpurclased bonds 10 tho
amount of S1.5Oc,0 900. These bonds ar0
n legal Investment for trust funds.
WILLIAM G. SpROCIs. Governor.
SAMUEL S. LEWIS. Auditor General