Evening journal., 1921-09-13
PROPOSALS.
SEALED BIDS.
$6OO,00O CITY OF WILMINGTON, della
WARE, FIVE PER CENT. SINK

SEALED BIDS.
100000 CITY OF WILMINGTON, DELLA
WARE, FIVE PER CENT. SINK
ING FUND BONDS.
Sealed bids will be received until 10
o'clock noon standard time). on Tues
day, September q. A. d. 1921. at Office
mington, Delaware, for all or any part
thereof, Of Six Hundred Thousand Dol
lars (S6OO,0OO) City Of Wilmington Five
Per Cent. Sinking Fund Bonds. Said
An Act of General Assembly, approved
April - A. ID. 1917, entitled "An Act in
Relation to the Harbor Of the City OF
Wilmington" and under authority Of an
Ordinance Of "rhe Council" passed Au-
gust is, A. D. 1919 and approved the
same date. entitled "An Ordinance to au-
thorize The Mayor and Council Of VIII
mington 70 borrow Two Million Five
Hundred Thousand Dollars, 10 be ex-
pended under the charge OF the Board
Of Harbor Commissioners OF the said city,
for the purpose Of purchasing land, the
riparian rights and for the building and
constructing OF wharyes, piers, docks,
slips, bulkheads and terminals together
with warehouses, rails, tracks and oper-
ating machinery and for Increasing the
harbor and shipping facilities Of the city
Of Wilmington $iO0. 900 Of above-author-
lied amount (S2, 800, ,O0O) having been is
sued under authority Of An Ordinance Of
I The Council" passed August 21 1919
and approved August p, 1913, and under
l
abOye-stat Ordinance), entitled IAN Or
dinance 10 amend An Ordinance, entitled
I An Ordinance to Authorize The Mayor
and Council Of Wilmington to borrow
I Two Million Five Hundred Thousand
Dollars. to be expended under the charge
OF the Board OF Harbor Commissioners
Of the said city for the purpose Of pur-
chasing land. the riparian rights, and
for the building and constructing Of
wharves, piers, docks. slips, bulkheads
and terminals, together with warehouses,
| rails, tracks and operating machinery,
and for increasing the harbor and ship
ton" passed by '"rhe Council" and ap-
proved by the Mayor. June 80, A. d. 1921
and under authority OF an ordinance
passed by "The Council" July IL, A. ID.
/ 1921, and again passed by "The COun-
ell" lover the veto Of The Mayor, July
2S. A. ID. 1921. entitled "An Ordinance 10
authorize The Mayor and Council Of
| Wilmington to borrow $500, 900 to be ex e
pended under the charge Of the Board OF
Harbor Commissioners Of said city, for
the purpose Of purchasing land. the RI
parian right and for the building and
constructing Of wharves, piers. docks,
slips, bulkhcads and terminals, together
with warehouses, rails. tracks and oper.
ating machinery and for the increa sing
the harbor and shipping facilities Of the
city OF Wilmington" Said bonds will
bear date Of October 1. A. d. 1921, will
be issned In denominations OF Fifty Dol
lars or multipies thereof; will bear in
terest at the rate Of five per centum per
lannum, payable semi-annually, on April
hrst and October first, OF each year. until
muturity. and viii mature as follows
tO-Wit.
$ ~ $50 will mature April /. A. d. 1877.
l45 400 will mature October /. A. D. 1917
1f6,250 win mature April 1, A. d. 1913.
40 200 will mature October 1, A. d. 1913
$1,000 win mature April 1. A. d. 1919.
5000 900
All proposals must be accompanied by
certified check, payable 10 the order o
The Mayor and Council Of Wilmington
for f2) two per cent Of the amount o.
bonds for which bid is submitted sail
deposit 10 be forfeited in event Of failur,
OF the successful bidder or bidders to ac
cept and settle for bonds awarded
The successful bidder or bidders VII
be required 70 settle for bonds awarde,
them at or before u o'clock noon (stand
ard timel on the 18th day OF October
A. d. 1921, with accrued interest from
October !. A. ID. 1921. at City Treasurer
ONCE Wilmington, Delaware.
The genuineness OF the signatures o
the officials signing said bonds and o
the seal impressed thereon. will he certi
/ fed to by the United States Mortgage an,
the legality OF said issue will be ruaran
teed and a certificate OF Reed. Doughorfl
and Hoyt, Attorneys OF New York CITY
as to the legality, viii be furnished to tn
successful bidder or bidders. The rfgh
D bids. a.
ROBERT D. KEMP.
DAVID NJ. HILLFGAS
JOHN J. MONAGHAN
commissioners Of the Sinking Funf
: JAMES p. McdANUS.
JAMES S. EVANS.
| JOHN r. HENRY
Finance Committee OF "The Council.
sept13-15-20-22
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