Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-11-19
LEGAL NOTICES.
NOTICE OF SALE OF BONDS OF THE
PARK DISTRICT OF THE CITY
OF INDIANAPOLIS, IND.

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NOTICE OF SALE OF BONDS OF THE
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 II o'clock N the 18th day of
December, 1921. for the whole or any part
of fifteen thousand (S15,00O) 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 T." and will be dated Dec. 10,
1921. Said bonds will be fifteen (15) in
number and will be for one thousand
(S1.00O) dollars each with interest coupons
attached. Said bonds VIII bear interest at
the rate of six 600 per cent per annum,
payable semi-annualIy on the first day of
January and July of each year. The first
coupon on each bond will become due and
payable the first day Of July, 1928, and
will be for the interest on each coupon from
the date of issue to said date. Said bonds
Will mature Dec. 10, 1926. Both prin-
cipal and interest are payable at the Union
Trust Company of Indianapolis, Indiana,
and constitute an obligation Of the park
district of the city of indianapolis, Indiana.
Bids for the purchase of said bonds shall
be Endorsed Bid for Park District Bonds
Of 1921 Issue No. T." and 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 con-
trOIler at his Office on the 18th day Of De-
cember, 1921, between the hours of i m
and o'clock .. m. and said controller
win thereupon award said bonds. or If he
shall see 1T part thereof. 10 the highest
and best bidder therefor, but the said con-
troller shall have the right to reject any
all bids or proposals or any part thereon,
and shall have the right to accept part
Of any bid and to award upon any Did the
whole or any less number OF bonds covered
by said bid, excepting only that no bonds
shall be sold for less than par He may
also. in his judgment and discretion, award
a part OF said bonds to one bidder and
part to another.
Each bid shall be accompanied by a GER
tilted check upon some responsible bank Of
the city of Indianapolis. Indiana. payable
to the order Of Ralph a. Lemcke, city treas
urer for a sum of money equal to two and
one-haf < Y e, per cent OF the race or
par value of the bonds bid for The bonds
awarded Will be delivered a the Office Of
the city treasurer OF Indianapolis. Indiana
Ola the 18th day of December, 1921. or at
such tine or times as may, on the day bids
are opened and award IS made be agreed
upon all such deliveries. however, to be
made within thirty 800 days from the date
Of such award, and the successful bidder or
bidders shall take and pay for the bonds
awarded to him or them and his or their
omission, neglect or refusal so to Go shall
be a bres ch OF the contract Of his bid or
proposal. on account OF which damages
shall be retained or recovered as liquidated
Said bonds are offered for sale under and
by virtue Of the provisions of an act or the
General Assembly of the State IF 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 dis
trict for park purposes in each city of the
first class. repeating conflicting laws. and
declaring an emergency" and an act Of
the General Assembly Of the State of In
diana amendatory thereto, approved July
81. 1920. and pursuant to resolution Of the
board Of park commissioners Of the city OF
Indianapolis Indiana. adopted oct. Is. 1921.
directing the undersigned to issue and sell
said bonds for the purposes therein set out.
The opinion of Messrs. smith, Remster
Horubrook & Smith concerning the legality
Of these bonds Will be furnished to the sue
cessful bidder for the same.
ROBERT II. BRYSON.
City Controller