Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-02
LEGAL NOTICES.
NOTICE OF SALE OF RONDS OF PARK
DISTRICT OF THE CITY of
INDIANAPOLIS MN


NOTICE OF SALE OF RONDs OF PARK
DISTRICT OF THE CITY OF
INDIANAPOLIS. IND.
Sealed bids will be received by the CITY
controller OF the city OF Ind anapoIis In,
diana, until IL o'clock M. on the I7th dav
OF december. 1921 for the whole or any
par OF one hundred thousand (S1OO.-
oO0.oo) dollars OF bonds OF the park dis
trict OF the city Of Indianapolis Indiana
which said hOn1s are designated Park
Dlstrict Bonds OF 1921. Issue No s." and
W. De GATED as OF Dec. II. 1921. Said
ponds VIII be one hundred (l0O) in num-
per ana VIII be for one thousand 81, 900 O0)
dollars each with interest coupons at
tached. Said bonds will bear Interest a.
the rate Of four and one-haif (4h 81 per
cent per annum, payable semi-annually on
the nrst day ~ January and July of each
year. me hrst coupon on each bond viii
become que and payable on the first day OF
July, 1923, and Will be for the interest on
said bond from date OF issue to said date
Said Issue OF bonds will consist of twenty
tZO) equal annual series of 1--WE thousand
E5.00o00) dollars each, numbered from
one Cd to twenty eco. each series con-
sisting OF five 80 bonds numbered from
one % to Ave 90. Series No will ma
ture Jan. l. 1924 and annually thereafter
on the first day OF January of each year
one series of said issue of bonds will ma
ture III the consecutive order Of their re-
spective numbers Both principal and in
terest 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
Of 1921. Issue No. s." and 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 con-
troller at his office on the 18th day Of De-
cember. 1921. between the hours OF IL m.
and o'clock p. M, and said controller
will thereupon award said bonds or II he
shall see ut, part thereof. to the highest
and best bidder therefor, but tho said con-
troler shall have the right to reject any
or all bids or proposals or any part there
OF. and shall have the right to accept a
part Of any bid and to award upon any
bid 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 discre-
ton, award a part of said bonds to one
bidder and part to another.
Each bid shall be accompanied by a GER
titled check upon some responsible bank
Of the city of Indianapolis. Indiana, pay
able to the order of Ralph A. Lemcke, city
treasurer, for a sum OF money equal to
two and one-half (2h%c) 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 Indianapolis.
Indiana, 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 (30)
days from the date OF such award, and
the SucCeSStul Dldder or DlQQerS snail take
and pay for the bonds awarded to him or
them and his or their omission, neglect or
refusal 80 to do shall be a breach OF the
contract of his bid or proposal, on account
of which damages shall be retained or re-
covered as 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 In
diana, approved March Il. 1919, entitled
IAN act concerning the department of
public parks in cities of the first class, de-
R,NF~ nd dVYtia
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 thees bonds will be furnished to the
cessfuI bidder for the same.
ROBERT H. BRYSON,
City Controller.