Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-12
NOTICE OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
INDIANAP0JIS mn

INDIANAPOLIS, IND.
Sealed bids will be received by the city
diana. until IL o'clock m, on the oath day
of December, 1921, for the whole or any
part Of fifteen thousand (s15,Oo0.00) dol
lars of bonds of the park district Of the
bonds are designated Park District Bonds
of 1921. Issue No. g." and will be dated as
thirty 500 In number and will DO for 1--WE
hundred (s500.00l dollars each with in
terest coupons attached. Said bonds will
bear interest at the rate of four and one
half (4ts Go) per cent per annum, payable
semi-annually on the first day OF Jan
uary and July of each year The hrst
coupon on each bond will become due and
payable on the frst day Of July, 1928 and
will be for the interest on said bond from
date Of issue to said date This issue of
bonds consists of thirty (So( annual series
become due and payable on the first day Of
January, 1884, and one series will mature
on the first day of January of each sue.
ceedins year in the consecutive order OF
their respective numbers. Both prin-
c1pal and interest are payable at the ONCE
of the treasurer OF the city Of Indianapolis,
Indiana. and constitute an obligation of
the park district of the city of Indianap-
oils. Indiana
be Endorsed Bid for Park District Bonds
OF 1921, Issue No. g." directed to the city
controller. indianapolis, Indiana. Bid
ders may bid for all or any part OF said
bonds
Proposals will be opened by the city
controller at his ONCE on the Gath day Of
December, 1921, between the hours of IL
m. and o'clock p M, and said controller
will thereupon award said bonds, II he
shall see IT. a part thereof, to the highest
and best bidder therefor. but the said con-
troller shall have the right to reject any
or all bids or proposals or any part
thereof. and shall have the right to ac-
cept a part of any bid, and to award
upon any bid the whole or any less num-
her of bonds coVsred by each bid Axcept-
ing only that no bonds shall be sold for
less than par. He may also, in his judg-
ment and discretion, award a part OF said
bonds to one bidder and a part to another.
Each bid shall be accompanied by GER
tined check upon soma responsible bank
of the city Of Indianapolis. Indiana. pay
able to the order Of Ralph A. Lemeke.
to two and one half {2A9e 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 1ndt-
annapolis, Indiana, on the 24th day of De-
cember, 1921, or at such time 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
award, and the successful bidder or bid
ders shall take and pay for the bonds
awarded to him or them and his or their
omission, neglect or refusal SO 10 DO shall
be a breach Of the contract Of his bid or
proposal. on account OF which damages
shall be retained or recovered as liQui-
dated.
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 "A, 1919, en-
titled 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 an emergency" and