Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-10
LEGAL NOTICES
NOTICE OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
INDIANAPOLIS IND.

NOTICE OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
INDIANAPOLIS. IND.
Sealed bids will be received by the
Indiana, until II o'clock m. on the 18th
day of December, 1921 for the whole or
any part of thirty-eight thousand (SSs, oOO)
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 as
of Dec. 10. 1921. Said bonds will be thirty
eight $3.50 in number and will be for one
thousand (S1,000) dollars each with inter
est coupons attached. Said bonds will bear
interest at the rate of five and one-ha!r
6 Y Io) per cent per annum, payable semi
annually the first 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, 1928. and will be for the
interest on said bond from date of issue TO
said date. This issue of bonds will consist
OF twenty series, the first OF when VIII
mature one Jan, l, 1879, and annually y
each succeeding year one series Will ma
ture in the order Of their consecutive
numbers. Series one % to eighteen
CD bonds each. Series nineteen 1Sl
and twenty (20) will consist OF one oond
each. Both principal and interest are pay
able at the office OF the treasurer OF the
city OF indianapolis. Indiana, and consti-
tute an obligation of the park district of
the city of indianapolis, Indiana.
bl4S TOT the purchase Oh sdlu JULIUS
shall be Endorsed Bid for Park District
Bonds OF 1921 Issue No. T." 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
controller at his Office on the 18th day of
December, 1921. between the hours OF II
IN. and O'Clock p. m. and said controller
Will thereupOn award said bonds. or II he
shall mt, part thereof. to the highest
and best bidder therefor, but the said con-
trOlier shall have the right to reject any
or all bids or proposals any part thereof.
of any bid, and to award upon any bid
the whole any less number of bonds
covered by each bid. excepting only that
no bonds shall be sold for less than par.
He may also. in his judgment and discre-
ton. award a part of said bonds 10 one
bidder and part TO another.
Each bid shall be accompanied by GER
tilted check upon some responsible bank
of the city OF Indianapolis, Indiana, paya-
bic to the order of Ralph A Lemcke. city
treasurer, for sum OF money equal TO
two and one-half (212 ca 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 Indian
apolis Indiana, on the 18th day Of Deem
Der, 1921, or at such time or times may,
on the day bids are opened and award is
made, be agreed upon, all such deliveries,
however, TO be made within thirty (30)
days from the date of such award and the
and pay for the bonds awarded to him or
them and his or their omission, neglect or
refusal so to do shall be a breach of the
contract Of his bid or proposal, on ac-
count of which damages shall be retained
or recovered as nquidated.
Said bonds are offered for sale under
ind by virtue Of the provisions OF an act
II the General Assembly of the State Of
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 district for park purposes IN each
city OF the first class. repeating conflicting
laws, and declaring an emergency" and all
acts amendatory thereof or 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 purposes therein set out.
The opinion OF MeSsrs. Smith. Remster
Hornbrook * Smith concerning the legality
Of these bonds will be furnished to the
successful bidders for the same.
ROBERT II. BRYSON.
City Controller.