Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08
LEGAL NOTICE.
NOTICE OF SALE OF BONDS OF THE
PARK DISTRICT OF THE CITY
OF IEDIANAPOLIS INDIANA

NOTICE OF SALE OF BONDS OF THE
PARK DISTRICT OF THE CITY
OF INDIANAPOLIS. INDIANA
Sealed bids will be received by the citv
controller OF the city OF Indianapolis. Ind
ana, until z o'clock II. on the S1st day Of
october, 1921, for the whole or any part Of
sighty-s,x thousand (ss6.ooo) dollars Of
bonds of this park district of the city OF IN
dtsrapolis Indiana. which said bonds are
destg rated Park Bonds OF 1921, Issue No
:" and are dated as of Aug. p, 1921. Said
bonds will be eighty-sx 1853 in number and
Will be for one thousand $4,000 dollars
each with interest coupons attached. Said
bonds will bear interest at the rate of six
tsTc) per cent per annum, payable semi
annually on the first day of January and
July of each year. The first coupons 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 principle and in
terest are payable at the Union Trust Com
pany Of Indianapolis Indiana. and consti-
tute an obligation of the park district OF
the city OF Indianapolis, Indiana
Bids for the purchase of said bonds shall
be Endorsed Park Bonds of 1921. Issue
Indianapolis. Indiana Bidders may bid
for all or any part of said bonds.
Proposals win be opened by the city
controller at his Office on the S1st day Of
October, 1921 between the hours of i
O'Clock m. and o'clock p. m. and said
controller will thereupon award said
] II, thereof
TO the highest and best bidder therefor,
but the 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 num-
Der of bonds covered by such bid, except
Ing only~ that no bonds shall be sold for
less than par. The controller may also, in
his judgment and discretion, award a part
of said bonds to one bidder and a part to
another.
"a
tined check upon some responsible bank of
the city of Indianapolis, Indiana PAYABLE
to the order of Ralph A. Lemcke city
treasurer, for a sum of money equal TO
two and one-half (2hce) 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 Indianapolis
Indiana, on the 31st day OF October 1921,
or at such time times as may, on the
day bids are opened and award is made.
be agreed upon, all such deliveries. how
ever to be made within thirty 1901 days
from the date of said award, and the sue
cessful 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 proposal, on account
of which damages shall be retained or
recovered as liquidated.
Said bonds are offered FOR sale under
and by virtre of the provisions of act
OF the General Assembly of the state Of
Indiana, approved March Ii. 1919. en-
titled An act concerning the Department
of Public Parks IN cities of the first class.
defining its powers and duties. creating a
taxing district for park purposes in each
city of the first Glass; repeating conflicting
laws and declaring an emergency" and
an act OF the General Assembly of the
State Of Indiana ernendatory thereto. ap~
proved July 81, 1920, and pursuant TO
resolution of the board of park commits
sioners of the city of Indianapolis, Indiana,
adopted April a. 1921, and July Il, 1891,
directing the undersigned to Issue and sell
said bonds for the purposes therein set out.
The opinion of Messrs. Smith. Remster,
Hornbrook & Smith, approving the legality
of these bonds will be furnished TO the
successful bidder for the same.
ROBERT II. BRTSON.
City CONTROLLER.