Evening journal., 1921-09-22
PROPOSALS.
SEALED BIDS
saoo 900 CITY on WILMINGTON, DFLA-
WARE FIVE PER CENT. SINK
r,cg TTfNn HONnr

F"0y9,, WARE. FIVE PER CENT. SINK
ING FUND BONDS.
Sealed bids will be received until y
o'clock noon (standard timel. on Iees.
OF samuel j. waite. city Treasurer. vii.
minrton. Delaware, for OH or any part
thereof. of Six Hundred Ihouand DOL
lars $500 oooel Sity q whp,nE.on pnas. ssfis ssaie
bonds being issued under Authority OF
An Act OF General Assembly, approved
April ~ A. u. 1917. entitled IAN Act IN
Relation 20 the Harbor ot me city Or
Wilmington" and under authority or an
ordnance OF "rhe Council" passed Au-
gust 1s, A. p. 1910, and approved the
same date entitled IAN Ordinance 20 an-
thorife The Mayor and Council Of VII
Hundred Thousand Dollars. 20 be ex.
pended under the charge of The Board
I of Harbor Commissioners Of the said city,
riparian rights and Tor the building and
constructing OF wharycs, piers. docks
elips. hulkheads and terminals. together
with warehouses. rails tracks and opcr-
atlng macfincry and for Increasing the
harbor and shipping facilities Of the city
OF Wilmington" 800 900 Of ahove-a uthor-
ized amount lS2.5ooI0ool having been a..
sued under authority Of An Ordinance Of
The Council passed August n, 1919,
authority Of an ordinance lamending
above-stated ordinancc), entitled "An Or
dinance 10 amend An Ordinance, entitled
An Ordinance 10 Authorize The Mayor
and Council OF Wilmington 10 borrow
Two Million Five Hundred Thousand
Dollars. 70 be expended under the charge
Of the Board Of Harbor Commissioners
of the said city for the purpose of pur.
FOR the building and constructing Of
wharvcs, piers, docks, slips, bulkheads
and terminals. together with warehouses,
rails, tracks and operating machinery,
and for Increasing the harhor and shin
ping facilitcls Of the City OF Whining
ton" passed by -rhe Council" and ap-
proved By the Mayor, June 30, A. p. 1921,
passed by '.rhe Council July Il. A. d.
I 1921. and again passed by The Coun-
cii'' lover the veto of The Mayor July
2s A. u. 1921, entitled "An Ordinance 20
authorize The Mayor and Council Of
Wilmington to borrow 5000 900 70 ho e1-
pended under the charge Of the Board OF
Harbor Commissioners of said city, for
the purpose Of purchasing land, the RI
parian right and for the building and
slips. hnlkhends and terminals. together
/ with warehouses. rails. tracks and oner-
ating machinery and FOR the incrcas sing
CITY of wilmington" Said bonds will
bear date Of October I. A. n. 1921. will
be issued In denominations of Fifty Dol
lara or multinles thereof; win hear IN.
tercst az the rate of I've per centum per
annum. payable semi-annuaiiy, on April
first and october FIRST, Of each year. until
muturiiy. and win mature AZ follows
s 7s.25o viii mature April 1. A. d. 1887.
/ if3 400 will mathre October /, A. d. 1917
1f6 go win mature April 1, A. ID. 1ats
] 1fQ 90 will mature October j. A. ID 1ofS
81 900 win mature April /. A. d. 1919.
5000 900
l All proposals must he accompanied by
certined check, payable 70 the order o.
''rhe Mayor and Council OF Wilmington
FOR (2) two per cent Of the amount OF
bonds for which bid rs submitted. saif
deposit 10 hc forfeited In event OF failurl
OF the successful bidder or bidders 10 ac
ecpt and settle for bonds awarded.
The successful bidder or bidders vii
he required 10 settle FOR bonds awardc,
them az or before - o'clock noon stand
ard timel on the 18th day OF October
A. ID. 1921, with accrued Interest from
October l., A. ID. 1921. at City Treasurer
once, wilmington, Delaware.
The Cenuineness Of the signatures o
the officials signing said bonds and y
the seal impressed thereon. viii be cert
fed 10 by the United States Mortgage ani
Trust Company, % New York City. anl
the legality Of said issue will be guaran
iced and a certificate of Reed, Doughsrtl
ns 20 the legality, win be furnished TO thl
successful bidder or bidders. The rich
Is hereby reserved 10 reject any and al
bids ,,.o. ,-,.,,
DAVID NJ HILLEGAS
JOHN J. MONAGHAN,
Commissioners Of the Sinking Fund
JAMES 5. EVANS.
JOHN r. HENRY,
Finance Committee OF The Council
septi3-l5-2o-22