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

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 m. on the oath
| day of December, 1921, for the whole or
any part of thirty-three thousand (S33,000)
! dollars OF bonds OF the park district Of
the city of Indianapolis. Indiana, which
Bonds of 1921, Issue No. TO-" and will be
dated as of Dec. 24, 1921. Said bonds
VIII be sixty-six (s6) In number and
will be for hve hundred $500 dollars
| each with interest coupons attached. Said
bonds will bear interest at the rate of
| hve and one-half $3.50 per cent per
annum. payable semi-annually on the first
DAY OF January and July of each year.
. The first coupon on each bond will be-
| come 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 consists of twenty-five
| (22) annual series Of three bonds each. The
! hrst series will become due and payabl,
| on the first day of January, 1924, and
! one series will mature the first day OF
| January of each succeeding year in the
! consecutive order of their respective num-
| oeTs Both principal and interest are pay
able at the office of the treasurer Of the
| 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 TO-" 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 ONCE on the 24th day of
December, 1921, between the hours Of IL
! m ana O'Clock p. m. and said controller
| will theteupon award said bonds, or IL he
! shall see fit, part thereof TO 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 number OF bonds
no bonds shall be sold for less than par.
| He may also, in his judgment and discre-
| tion, award a part OF said bonds to one
bidder and part to another.
Each bid shall be accompanied by a
| certified check upon some responsible bank
| Of the city OF Indianapolis, Indiana, paya-
Bile TO the order OF Ralph "A. Lemcke, city
| treasurer, for sum OF money equal TO
/ two and one-half (2hco) per cent OF the
face or par value Of the bonds bid for.
] The bonds awarded will be delivered at
! apolis. Indiana, on the oath 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 800 days from the date of such
| award, and the successful bidder or bidders
! shall take and pay for the bonds awarded
| 10 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 pro-
posal. 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 OF the State Of
| Indiana. approved March u, 1918, entitled
! AN Act concerning the department Of
| public parks in cities Of the first class.
| defining its powers and duties. creating q
| taxing district for park purposes in each
! city OF the first class, repeating conflict
! Ing laws and declaring emergency"
and all acts amendatory thereof or appli-
cable thereto. and pursuant to 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 g. Smith concerning the legality
Of these bonds will be furnished to the sue
cessful bidder for the same.
ROBERT H. BRYSON,
City Controller.