Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-11-26
REMOVAL AUCTION
SALE
LEGAL NOTICES
OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
INDIANAPOLIS. INDIANA.


NOTICE OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
INDIANAPOLIS. INDIANA.
Sealed bids will be received by the city
diana, until u o'clock m, on the 18th
day of December. 1921, for the whole or
any part of twelve thousand five hundred
tS12.5 00) dollars of bonds of the park
district of the city of Indianapolis. In
diana, which said bonds are designated
Park District Bonds of 1921, Issue No. g.
and will be dated as Of December IS, 1921.
Said bonds viii be twenty-five (25) in
number and will be for five hundred
($500.00) dollars each with interest cou-
pons attached Said bonds will bear in
terest at the rate of four and one-half
(412 Gc) per cent per annum, payable semi
annually on the frs 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, 1913. and will be
for the interest on said bond from date of
issue to said date. This issue of bonds
consists Of tYentv-fve (25l equal annual
series of one bond each. The first series
will become due and payable on the first
day of January, 1924, and one series will
mature on the first day of January of
each succeeding year in the order of their
respective numbers. Both principal and
interest are payable at the office of the
treasurer of the city of indianapolis, In
diana, and constitute an obligation Of the
park district of the city of indianapolis,
Indiana
Bids for the purchase Of said bonds shall
be indorsed Bid for Park District Bonds
of 1921. Issue No. G., directed 10 the city
controller. indianapolis, Indiana. Bidders
may bid for all any part of said bonds.
Proposals will be opened by the city con-
troller at his office the 18th day Of
December, 1921. between the hours of
1900 NJ. and 200 O'Clock z. NJ and said
controller will thereupon award said bonds,
or if he shall see fit, a part thereof, but
the highest and best bidder therefor, 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 a part of any bid. and TO award
upon any bid the whole or any less num-
Der of bonds covered by each bid, except
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 part to another.
Each bid shall be accompanied by
certified check upon some responsible bank
of the city of Indianapolis, Indiana pay
able TO the order of Ralph A Lemcke city
treasurer, for sum of money equal TO
two and one-haIf (2h Co 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 Indianap-
oils Indiana, on the 18th day OF December,
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 thirty 600
days from the date of such award, and
the successful bidder bidders shall take
and pay for the bonds awarded to him
them and his their omission, neglect or
contract of his bid proposal, on &C
count of which damages shall be retained
or recovered 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
can Act concerning the department of pub
lie parks in cities of the first class, de-
hning It's powers and duties, creating
taxing district for park purposes in each
city of the first class, repeating conflict
Ing laws. and declaring an emergency and
all acts amendatory thereof 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
put pose therein set out.
The opinion of Mesrs Smith, Remster.
Hornbrook 4 Smith concerning the legalt-
ty OF these bonds will be furnished to the
successful bidder for the same.
ROBERT H. BRYSON.
City Controller.