Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-05
ROBERT II. BRYSON,
City Controller.
NOTICE OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
INDIANAPOLIS, IND.


Sealed bids will be received by the city
controller of the city OF Indianapolis, In
diana until Il o'clock W., on the cath
day of December, 1921, Tor the whole or
any part of sixteen thousand (S16, 00O)
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. H." and VIII be
will be thirty-twO (32) in number and
will be for i've hundred (S5O0B dollars
each with interest coupons attached said
bonds will bear interest at the rate OF
four and one-half (4zSO per cent per
annum. payable semi-annually on the first
day OF January and July of each year.
come due and payable the first day OF
July, 1923. and will be for the interest on
said bond from date Of issue TO said date.
This issue OF bonds consists OF thirty two
(32) annual series Of one bond each. The
first series will become due and payable
the first day of January, 1924, and
one series will mature on the first day
January Of each succeeding year in the
consecutive order OF their respective num-
bers. Both principal and interest are pay
able at the office Of the treasurer ole the
city OF Indianapolis, Indiana. and con-
stitute an obligation OF the park district
of the city of Indianapolis, Indiana.
Bids for the purchase Of said bonds
shall be Endorsed Bid for Park District
Bonds of 1921. Issue No. H." directed 10
the city controller. Indianapolis. Indiana.
Bidders may bid for all OF any part OF
said bonds.
Proposals will be opened by the city
controller at his Office the 24th day OF
December. 1921, between the hours Of II
N. and o'clock p. IN. and said controller
will thereupOn award sad bonds, or If he
shall see fit, a part thereof, TO the highest
and best bidder therefor, but the said
controller shall have the right to reject
any 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
he VIII nj y n al
covered by each bid. excepting only that
no bonds shall be sold for less than par
He may also, in his judgment and discre-
tiOn. award part Of said bonds to one
bidder and a part TO another.
Each bid shall be accompanied by &
certified check upon some responsible bank
of the city of Indianapolis Indiana, paya-
BILE to the order OF Ralph a. Lemcke, city
treasurer, for a sum of money equal to
two and one-half (2EFc) 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 oath day Of De-
cember, 1891. 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 (5O) days from the date of such
award. and the successful bidder or bidders
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
breach of the contract Of his bid or pro-
posaI on account of which damages shall
be retained or recovered as nQuidated.
Said bonds are offered for sale under
and by virtue of the provisions of an act
of the General Assembly Ct the State Of
Indiana, approved March II, 1913, entitled
IAN Act concerning the department of
public parks in cities of the first class
defning its powers and duties, creating
kAxing district for park purposes in each
sity OF the first class, repeating conflict
ing laws, and declaring an emergency"
and all acts amendatOry thereof or appli-
cable 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 sue
cessful bidder for the same.
ROBERT H. BRYSON.'
City Controller.