Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-05

NOTICE OF SALE Oh BONDS OF PARK
DISTRICT OF THE CITY OF
mn

M 11Te1 U5 "a SALE LIZ, On BONDS OF PARK
INDIANAPOLIS, IND.
Sealed bids will be received by the city
controller of the city of indianapolis, In
diana, until IL o'clock m, on the 24th day
OF December, 1921, for the whole or any
part OF fifteen thousand (S15,00o.0O) dol
lars of bonds of the park district of the
city Of indianapolis, Indiana, which said
OF 1921, Issue No. 81 and will be dated as
of Dec. "a, 1921. Said bonds will be
thirty 600 in number and will be for five
hundred (S5O0.00) dollars each with in
terest coupons attached. Said bonds will
bear interest at the rate of four and one
half a Il So) per cent per annum, payable
semi-annually on the first day of Jam
uary 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
bonds consists OF thirty $500 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 sue
ceeding year in the consecutive order Of
their respective numbers. Both prin-
cfpal and interest are payable at the office
CT the treasurer of the city of indianapolis.
Indiana. and constitute obligation of
the park district of the city of 1ndianap-
oils. Indiana
Bids for the purchase Of said bonds shall
be Endorsed Bid for Park District Bonds
of 1921, Issue No. g." directed to the city
bonds.
Proposals will be opened by the city
controller at his office on the 24th day of
December, 1921, between the hours OF Il
m. and o'clock p. m. and said controller
will thereupon award said bonds or if he
shall see TT, part thereof, to the highest
and best bidder therefor, but the said con-
troller shall have the right TO reject any
thereof. and shall have the right to &C
cept part of any bid, and to award
upon any bid the whole or any less num-
Der Of bOnos 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 a part TO another.
Each bid shall be accompanied by q GER
tined check upon some responsible bank
OF the city of Indiana polls, Indiana, pay
able to the order of Ralph a. Lemcke,
city treasurer, for a sum of money equal
to two and one-half & SO per cent OF
the face or par value of the bonds bid
for. The bonds awarded Will be delivered
at the ONCE OF the city treasurer OF Indl-
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
thirty $500 days from the date OF such
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 TO do shall
be a breach of the contract of his bid or
proposal on account OF winch damages
shall be retained or recovered as Hqui-
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 Ii, 1919, en-
titled An act concerning the department
of public parks in cities of the first class,
defining it's powers and duties, creating a
taxing district for park purposes in each
city Of the first class, repeating conflicting
laws and declaring 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 fol
the purposes therein set out.
The~opinion OF AIessrs. Smith, Remster,
HOrnbrook x Smith concerning the Legal
ity Of these bonds will be furnished to the
successful bidder for the same.
ROBERT H. BRYSON,
City Controller.