Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-07-30

NOTICE OF SALE OF PARK BONDS
Department of Finance, Office of the
city Controller. City Hall. Indianapolis,
Indiana.
Sealed bids will be received by the city
controller Of the city OF Indianapolis. In
diana until u o'clock m on Monday,
of ninety thousand $3.50. OO0OO) dollars of
Park Bonds of 1921. Issue No. q"
Bonds of 1921 Issue No. 2" and viii be
dated of the 22d day of August. 1921.
Said bonds will be ninety 900 in number
and will be for one thousand Cs1,00o.oO)
dollars each with interest coupons at
tached Said bonds Will bear interest at
the rate of six $50 per cent per annun,
payable semi annually on the first day OF
January and July of each year. The frst
coupon on each bond will become due and
payable on the first day of July, 1922, and
will be for the interest on each bond from
date of issue to said date Said bonds will
mature on Aug. %, 1926. Both principal
and interest are payable at the Union
Trust Company of Indianapolis, Indiana.
Bids for the purchase of said bonds shall
be endorsed Park Bonds of 1921. Issue
No. g. and 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 con-
troller at his office on the 22d DAY of
August 1921, between the hours of IL N.
and o'clock p. m. and said controller will
thereupon award said bonds or II he shall
see fit, part thereof, to the highest and
best bidder therefor, but the said con-
troller shall have the right to reject any
and all bids or proposals or any part
thereof and shall have the right to accept
part of any bid, and to award upon any
bid the whole any less number of bonds
covered by such bid, excepting only that
bonds shall be sold for less than par.
He may also, in his judgment aud eiscre-
ton, award a part of Sud bonds to ole
bidder and part TO another.
Each bid shall be accompanied b. GER
tilted check upon some responsible hank of
the city of indianapolis. Indiana, payable
to the order of Ralph A. Lenlcxe, city
treasurer, for a sum of money equal TO
two and one-half ON 9o) per cent of the
face or par value of the bonds bid for. The
bends awarded Will be delivered at the
ONCE OF the city treasurer of indianapolis,
Indiana, on the 22d day of August 1921.
or at such time or times may. on the
day bids opened and award is made, be
agreed upon, all such deliveries, however.
to be made within thirty 800 days from
Aug. %, 1921, and the successful bidder
or bidders shall take and pay for the bonds
awarded to him them, and his or their
omission neglect refusal so to do shall
be a breach of the contract of his bid or
proposal, on account of which damages
shall be retained or recovered as hquidated.
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 IA, 1919, entitled
IAN act concerning the department of pub
lie parks, in cities of the first class, defin-
ing its powers and duties, creating a tax
ing district for park purposes in each city
of the first class, repeating conflicting
laws and declaring emergency" and an
act of the General Assembly of the State
of Indiana amendatory thereto approved
July 81. 1890; and pursuant to resolutions
Of the Board of Park Commissioners of the
city of Indianapolis. adopted April IA,
1921. and July IA, 1921, directing the
undersigned to issue and sell the same for
the purposes therein set out.
ROBERT H. BRYSON
City Controllsn.