Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-02-09

NOTICE OF SALE OF FUNDING BONDS
OF MUNCIE. INDIANA.
ONCE OF City Controller, Rooms 21B-219-
22Q Wysor block, city of Muncie. Indiana
February 9, 1921.
Notice is hereby given that sealed bids
Will be received by the city controller Of
the city OF Muncie. Delaware County, In
diana, until II o'clock noon on Saturday,
the 18th day OF February. 1921. for the
Thousand Two Hundred Ninety-Three and
41-1o0 Dollars ($672s3.4I Of bonds
known as CITY OF Muncie Funding Bonds
1921" and Will be in denomina tions of
One Thousand Dollars each, for Sixty
Seven Thousand Dollars and one bond for
Two Hundred NinetyThree and 41-100
/. Dollars (S293.41), with interest coupons at
tached and Will bear Interest at the rate
of six per cent per annum. payable semi
annually; said bonds shall be numbered
from sos to 100 inclusive and shall ma
ture and be payable follows:
Bonds numbered $50 to $50 inclusive.
Feb. LIST, 1926.
Bonds numbered 663 to 672 inclusive
Feb. list, 1927.
Bonds numbered s7S to $50 inclusive.
Feb. LIST. 1928.
Bonds numbered sss to ssa inclusive,
Bonds numbered sos to 7oa inclusive,
Feb. list, 1890.
Bonds numbered 7OS to TIP inclusive.
Bonds numbered 71s to 71s inclusive,
Feb, LIST. 1892.
Bonds numbered 72O for s29841. Feb.
Said bonds and coupons shall be pay
able at the Delaware County National
Bank in the city OF Muncie Delaware
County. Indiana, one of the authorized
city repositories, dated Feb. 1, 1921.
The bids or proposals Will be opened by
the city controller at his office on the said
18th day OF February, 1921, between the
hours OF II o'clock noon and o'clock p.
m. and said city controller shall there
upon award said bonds II he shall see fit.
a part or any number thereof to the high
bidder ThnrRfOF bonds
shall be sold for cash and for not less than
par, said city controller shall have the
right to postpone such award until later
date not beyond February Il. 1921. and he
shall also have the right to reject any
and all bids or any part thereof: and also
the right to accept part of any bid and
to award upon any bid the whole less
number of bonds covered by such bid ex-
cept only that bonds shall be sold
less than par and accrued interest and
said controller shall further have the
right in his judgment and discretion to
award said bonds part to bidder
and a part to another bidder.
Each and every bid and proposal shall
be presented to the city controller, sealed
and the envelope containing said bids shall
have the following endorsement thereon,
BID FOR MUNCIE, INDIANA, FUND
ING BONDS. 1921" and said bids shall be
accompanied by duly certified check
upon some responsible bank in the city of
diana, or some responsible bank or bank
ing institution within the State of Indiana
in the sum of Five Hundred Dollars, pay
able to the order of the city treasurer and
in case any bid or proposal shall not be
accepted, and there shall be no award of
bonds thereon. said certified check shall
thereupon be returned to such unsuccess-
full bidder, If there shall be awarded tho
whole or any part OF the bonds upon any
bid proposal the certified check shall
thereupon be delivered to the city treas
urer and the said treasurer shall be en-
titled to collect the same and hold the
proceeds until the completion of the pur-
chase and payment for the bonds awarded
should any bidder fail to pay for said
bonds per his said bid, the @aid city
shall retain said check and shall nave the
right to collect the Same and the pro-
oeeds thereof when collected shall be
taken and deemed as agreed and liquidated
damages for such breech OF contract and
as a payment thereof to the city. DeIiv-
cry OF the bonds shall be made at tbs
office of said city controller OF said city
of Muncie, Indiana, not later than the
time or times as may be agreed upon by
the controller and the purchaser, pro-
vided however, that the controller may
extend the time for such delivery not
more than five days after the date as
specified or agreed upon as above provided
and the successful bidder shall take the
bonds awarded to him and pay for the
same, and his refusal or omission so to do
shall be a breech of contract of the bid
on account of which damages shall be re-
tanned or recovered as hereinbefore set out
Address all Communications to H. w.
Michael, city controller, city OF Muncie,
Indiana. II. w. MICHAEL,
city Controller.