Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-03
LEGAL NOTICES.
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NOTICE OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
IN-DI POLLS IND

NOTICE OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
INDIANAPOLIS. IND.
Sealed bids will be received by the city
controller of the city of Indianapolis, In
diana, until IL O'Clock m. on the 23d day
of December. 1921 for the whole or any
part of eleven thousand ($11, 000) dollars
OF bonds of the park district of the city
Of Indianapolis Indiana, which said bonds
are designated Park District Bonds Of
1921. Issue No S." and Will be dated as
of Dec. %, 1921. Said bonds Will be
twenty-five (22), in number and will be
for five hundred (s50o) dollars each with
interest coupons attached. Said bonds viii
bear interest at the rate of four and one
half (4t2q6) per cent per annum. payable
semi-annually the first day OF January
and July of each year. The first coupon
on each bond will become due and payable
on the first day of July. 1928 and Will be
for the interest said bond from date Of
issue to said date. This issue of bonds
consists of twenty-five (22) annual series
of one bond each. The first series Will
become due and payable on the first day
OF January. 1924. one series will mature
on the first day Of January of each sue
ceeding year in the order of their respec-
tive numbers. Both principal and interest
are payable at the office of the treasurer OF
the city of Indianapolis, Indiana, and con-
stitute an obligation of the park district
OF the city of Indianapolis. Indiana.
Bids for the purchase Of said bonds snail
he Endorsed Bid for Park District Bonds
Of 1921. Issue No. s. directed TO the city
controller. Indianapolis, Indiana. Bidders
may bid for all Or any part of said bonds
Proposals will be opened by the city
controller at his office on the Esd day OF
December 1921. between the hours OF IL
m and o'clock p m, and said controller
Will thereupon award said bonds, or II ne
shall see ft a part thereof, to the highest
and best bidder therefore. but the said
controller shall have the right TO reject
any or all bids or proposals or any part
thereof. and shall have the right to accept
part Of any bid, and to award upon sny
bid the whole or any less number OF bonds
covered by each bid. excepting only that
He may also. in his Judgment and discre-
ton. award a part Of said bonds to one
bidder and part to another
Each bid shall be accompanied by a
certified check upon some responsible bank
of the city of Indianapolis, Indiana, pay
able to the order OF Ralph A. Lemcke.
city treasurer, foT sum Of money equal
TO two and One-haIf per cent OF the face
or par value of the bonds bid for. The
bonds awarded will be delivered at the
Office of the city treasurer of indianapolis.
Indiana. on the 23d day of December. 1921,
or at such time or times may, on the
day bids are opened and award is made,
be agreed upon: all such deliveries. how
ever. to be made within thirty 900 days
from the date of such award. and the sue
cessful bidder or bidders shall take and
pay for the bonds awarded to him or them
and his or their omission, neglect or re-
fusal SO 70 do shall ba a breach of the
contract Of HIS bid or proposal. on account
Of which damages shall be retained or re-
covered as liquidated.
Said bonds are offered for sale under
and by virtue Of the provisions of an act
Of the General Assembly of the State OF
Indiana. approved March II, 1919. entitled
An Act concerning the department Of
public parks in cities Of the first class
defining its powers and duties. creating a
taxing district for park purposes in each
city Of the first class. repeating conflicting
laws. and declaring emergency and
all acts amendatory thereof or applicable
thereto. and pursuant to a resolution OF
the board Of park commissioners of the
city OF indianapolis, Indiana, directing the
undersigned to issue and sell bonds for the
purposes therein set out.
The opinion Of Messrs. Smith. Remster,
Hornbrook & Smith concerning the legality
OF these bonds will he furnished to the
successful bidder for the same.
ROBERT II. BRYSON.
civ ControlIer