The New York herald., 1921-11-05
pgOpOsAIs.
COMMONWEALTH OF PENNSYL-
WANNA.
$11,2oO,ooo. Issue Of $4,000. 900 Loan

COMMONWEALTH OF PENNSYL-
s1l,2oo 900. Issue sAS,4i Of $4,000. 900 Loan
SERIES ID
1880 Years "a Registered and Coupon
Bonds, Due December l. 1936-195l,
with the option to the commonweaith TO
redeem as a whole at par and accrued
interest at the expiration of fifteen tl5)
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
EItTY TAN IMPOSED BY THE STATE
OF PENNSYLVANIA. EXEMPT FROM
THE NORMAL AND ALL. SLISTANES.
ALSO EXCESS PROFITS TAXES or
THE FEDERAL INCOME TAX UNDER:
Office of the Governor.
Harrisburg. october 81. 1921.
Sealed proposals will be received by
the undersigned at the Office of the Gov
ernor at Harrisburg, until II o'clock
eleven million two hundred thousand
G1,200000) dollars Loan of the Com
monwealth OF Pennsylvania on the fol-
lowing conditions
$40. 900. 600 authorized by an Act APP
proved the 18th day of April, 1919
tPamphet Laws, page 62), amended by.
an act approved the 10th day of Feb-.
ruary, 1921. and together with the pre-'
vious issues--S ERIES A, SERIES . and
SERIES C--makes a total of $50 .0000 900
Issued under the authority granted.
Interest at the rate OF four and three-i
quarters (fS) per cent per annun will
be paid semi-annually. on June | and
December /, at the office OF the Fiscal
Agent of the Commonwealth in Phila-.
delphia
The bonds now offered. amounting In
the aggregate to S11.200. 900 will Zoe dated
December /. 1921, and win be payable
In thirty 800 years tDecember !. 1901
in lawful money with the option of the
Commonwealth to redeem as whole at
par and accrued interest at the expira-
tion Of fifteen G5) years from the date
period thereafter at the office OF the FITS
cal Agent, upon sixty 900 days notice
by public advertisement
! All bonds issued under the provisions
/ OF this Act shall be EXEMPT from taxa
! ton for State and local purposes.
/ Certificates In registered form will be
/ issued in such amounts as the purchasers
may require in the SUM OF one thousand
/ q ,000) dollars, five thousand (5.0eo)
dollars. ten thousand 100000 dollars,
! twenty-five thousand t25.00o) dollars,
/ fifty thousand (5o,0oo) dollars and one
! hundred thousand (100.000) dollars
and In coupon form in the sum of one
thousand 10000 dollars. Said certif-
! Gates will be INTERCHANGEABLE as to form.
Negotiable Interim Certificates viii be
issued II desired, pending the engraving
of definite certificates. and may be OBJ
| tanned from the Fiscal Agent on the day
that payment is made for the loan. or
/ thereafter.
Proposals must be made upon the pre-
scrIbed form OF blanks. copies Of which
may be obtained upon application az the
I office OF the Governor, or from the Fiscaf-
Agent.
no bid will be considered unless ac-
! conapa MED by a certified check or GER
! tificate OF deposit drawn 20 the order OF
the Commonwealth OF pennsylvania for
| an amount equal to two CD per centuni.
/ OF the principal of the loan for which
the bid is made. Checks or certificates
| of deposit accompanying BIDS NOT ac-
cepted will be returned by mall to the
bidders within forty-eight l4S) hours
| from the time of opening or the bids.
Deposits of successful bidders VIII be
| applied In partial payment of the amount
of the loan awarded to them. NO al
lowance will be made for interest on an
advance payment from the time the bid
is submitted TO the time OF settlement.
Settlement for the loan awarded must
be made with The Philadelphia National
Bank. Fiscal Agent for the Common
wealth Of Pennsylvania. In the following
manner TO wit:
make settlement in full on or before
Thursday, December !, 1921. at three
p. NJ. or TO make In propcrtionate
amounts ne o three partial pay1nents 70 T1e pe:
$4,000 .OGo and accrued interest. Tues
day. January 3. 1929.
| s2,200.000 and accrued interest,
Wednesday. February /. 1922.
| The undersigned reserve the right 70
reject any and all propo sails, or to award
ali or any portion of the loan for which
4 bids shall be received. as NAV be deemed
I for the best interests OF the Common
/ wealth of Pennsylvania.
with the exception or the Series A.
Series ond Series c issues above re-
I feTred 10, the State Is free of all bonded
: Indebtedness not now provided for by the
moneys IN the Sinking Fund. OF The
aforesaid Issues aggregating s3s, 500. 900.
the State has repurchased bonds TO tho
amount of $1.500.000. These bonds are
n legal investment for trust funds.
WILLIAM G. SPROUL. Governor
! SAMUEL s. LEWIS, Auditor General
/ CHARLES A. SNYDER, State Treasurer.