Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-03
NOTICE OF SALE OF BONDS OF PARK
DISTRICT OF THE CITY OF
-

INDIANA POLLS. INDIANA.
Sealed BIDS will he received by the city
controller Of the city OF Indianapolis. In
diana. until Il o'clock m. on the 18th
any part of twelve thousand five hundred
tSl2.500.ool dollars OF bonds of the park
district OF the city Of Indianapolis. In
diana, which said. bonds are designated
Park District Bonds Of 1921. Issue No g.
and will be dated as OF December Is 1921
Said bonds Will be twenty-five C151 in
number and will be for Ave hundred
($5O0.O0) dollars each with interest cou-
pons attached said bonds Will bear In
terest at the rate Of four and ore-hslf
Gizfc) per cent PEI annur. payable semi
annually on the nrsL day Of January and
July Of each year The first coupon on
each bond will become due and payable
on the first day of July, 1928. and Will be
for the interest on said bond from date OF
issue 70 said date This issue OF bonds
consists of twenty-five tz5) equal annual
series of one bond each. The hrst series
viii become due and payable on the first
day OF January. 1924. and one series Mil
mature on the first day Of January Of
each succeeding year in the order Of their
respective numbers Both principal and
Interest are payable al the Office OF the
treasurer OF the city Of Indianapolis. In
diana. and constitute IN obligation OF the
park district Of the city OF Indianapolis,
Indiana.
Bids for the purchase % said bonds shall
be Endorsed Bid for Park District Bonds
OF 1921. Issue No s. directed 10 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 18th day OF
December 1921. between the hours OF
1900 u and ZOO o'clock z. NJ. and said
controller will thereupon award said bonds,
or II he shall see IT. a 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 OF any less num-
Der Of bonds covered by each bid, except
ing only that no bonds shall be sold for
less than par He may also. in his Judg
ment and discretion. award a part of said
bonds 20 one bidder and part 10 another.
Zach bid shall be accompanied by a
certified check upon some responsible bank
OF the city OF Indianapolis. Indiana. pay
able TO the order OF Ralph A. Lemcke. city
treasurer, for q sum OF money equal to
two and one-haf (2hSc) 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 Iudianap-
oils, Indiana, on the 18TH day Of December.
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 OF bidders shall take
and pay for the bonds awarded 70 him or
them ard his or their omission, neglect or
refusal to do shall be a breach Of the
contract OF his bid or proposal. on &C
count OF which damages shall be retained
or recovered as liquidated.
Said bonds are offered for sale under
and by virtue Of the provisions Of act
OF the General Assembly Of the State of
Indiana. approved March IA. 1919. entitled
IAN Act concerning the department Of pub
lie parks in cities OF the first class. de
hniug It's powers and duties. creating a
taxing district for park purposes in each
city Of the first class. repeating conflict
ing laws. and declaring an emergency" and
all acts amendatory thereof or applicable
thereto, and pursuant to a resolution OF
the Board OF Park Commissioners OF the
city Of Indianapolis, Indiana. directing the
undersigned 20 issue and sell bonds for the
purpose therein set out.
The opinion OF Messrs- Smith. Remster.
HornbrOOk * Smith concerning the legal
~ Of these bonds will be furnished to the
successful bidder for the same.
ROBERT II. BRYSON