Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-15
FIDELITY LOAN co.
106 E. Market st.
LEGAL NOTICE.
NOTICE OF SALE OF BONDS OF THE
PARK DISTRICT OF THE CITY

NOTICE OF SALE OF BONDS OF THE
PARK DISTRICT OF THE CITY
OF INDIANAPOLIS, INDIANA
Sealed bids will be received by the city
controller Of the city Of Indianapoli Indi-
ana. until Il o'clock m. the 31st day OF
October, 1891. FOR the whole any part OF
eightysix thousand 1856, 0Oo) dollars Of
boz dis Of the park district Of the city Of IN
dianapoiis. Indiana. which said bonds are
designated Park Bonds of 1921. Issue No.
p and are dated as Of Aug -, 1921 Said
bonds VIII be eighty-six $50 Ia number and
will be for one thousand Isl, 000) dollars
each with interest coupons attached Said
bonds viii bear interest at the rate of SIX
$50 per cent per annum, payable semi
annually on the first day OF January and
July Of each year. The first coupons on
each bond will become due and payable on
the first day Of July 1922. and will be
for the interest on each bond from date OF
issue 10 said date. Said bonds will mature
on Aug. =, 1925. Both principle and in
terest are payable at the Union Trust Com
pany OF Indianapolis, Indiana and consti-
tute an obligation OF the park district OF
the city OF indianapolis, Indiana
Bids for the purchase Of said bonds shall
be iudorsed Park Bonds of 1921. Issue
No. 2" and directed to the City Controller.
Indianapolis Indiana Bidders may bid
Tor al or any part Of said bonds
Proposals viii be opened by tho city
controller at his Office on the 51st day Of
October 1921. between the hours OF u
o'clock m and ? o'clock D. m. and said
controller viii thereupon award said
4
to the highest and best bidder therefor,
but the controller shall have the right 70
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 any bid the whole or any less num-
Der OF bonds covered by such bid except
ing only that no bonds shall be sold for
less than par The controller may also. in
his judgment and discretion. award a part
OF said bonds 10 one bidder and part tOS
another.
Each bid shah be accompanied by a GER
tiled check upon some responsible bank Of
the city OF Indianap polls. Indiana payable
to the order Of Ralph A. Lemcke. city
treasurer, FOR a sum OF money equal to
two and one-half q = CO per cent Of the
face 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 51st day Of October, 1921.
such time times may, the
day bids are opened and award is made,
be agreed upon. all such deliveries, how
ever. TO be made within thirty 800 days
from the date OF said award, and the sue
cessfui bidder or bidders shall take and
pay FOR the bonds awarded to him or
them. and his or their omission neglect
or refusal 70 do shall be breach OF the
contract Of his bid pro pOsal. on account
OF which damages shall be retained or
recovered as UQuidated-
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 IA, 1919. en-
titled An act concerning the Department
defining its powers and duties, creating q
taxing district for park purposes In each
city Of the first class, repeating conflicting
laws and declaring an emergency, and
an act Of he General Assembly OF the
state OF Indiana amendatory thereto. 2E,-
proved July 81, 1920, and pursuant TO
resolution OF the board OF park commits
sioners Of the city OF Indianapolis. Indiana,
adopted April Il. 1921, and July IA 1871.
directing the undersigned to issue and sell
said bonds for the purposes therein set out
The opinion OF MeSsrs- Smith. RenSteR.
Hornbrook & Smith, approving the legality
OF these bonds will be furnished to the
successful bidder for the same
ROBERT H BRTSON.
City Controller.