Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-11
LEGAL NOTICE.
NOTICE OF SALE OBJ PARK DISTRICT
BONDS, OFFICE OF THE CITY
CONTROLLER. CITY HALL
TNnTANAPOTTS TNJnTANA
LEGAL NOTICE.

sAN~Ns~S~~~~s~~~s~~~s -~~4~~-~~~~~N-~~s~~~~
NOTICE OF SALE OBJ PARK DISTRICT
BONDS; OFFICE OF THE CITY
CONTROLLER. CITY HALL
INDIANAPOEIS INDIANA
Sealed bids will be received by the City
Controller of the City OF Indiana polls, In
diana, until II o'clock m. on Oct 81, 1921,
Afor the whole or any part of sixtyfye
Thousand 1855. 000) dollars Of Park bonds
OF 1921, Issue No. g."
Said bonds are designated Park Bonds
the 22d day of August, 1921. Said bonds
are IN denominations Of five hundred $500
dollars each with interest coupons attached
and are one hundred thirty (1S0) in num-
Der Said bonds bear interest at the rate
Of five and one-hslf (51 Co per cent per
annum, payable semi annually on the first
Gay 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 data
Bonds numbers l, 2, ;, 4, and win
mature Jan. i, 1928. and thereafter an.
aually on the first day of January of each
year. Said bonds viii mature In series OF
six 90 bonds each In the consecutive order
Of their respective numbers, except serieA
No. % Will consist Of four "a bonds;
there being twenty-One t21) series OF
three thousand ($3. 00O) dollars and one
series Of two thousand (S2.000) dollars.
Both principal and interest are payable
at the Union Trust Company of Indian
apOlis. Indiana, and constitute an obliga-
ton OF the Park District of the City of
Indianapolis Indiana Bids for the pur-
Park Bonds of 1921. Issue No. s." and
directed to the City Controller Indian
spolis, Indiana Bidders may bid for all
or any part of said bonds.
Proposals will be opened by the City
Controller at his Office on the eth day Of
October 1921, between the hours of 2
o'clock m and o'clock p IN. and said
Controller will thereupon award said bonds.
or II he shall see fit a part thereof to
the highest and best bidder therefor, but
the Controller shall have the right to re-
1ect 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 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 discre ton, award a
part of said bonds to one bidder and part
to another.
Each bid shall be accompanied by a
certified check upon some responsible bank
of the city of Indianapolis, Indiana, pay
a able to the order of Ralph A Lemcke.
$city treasurer, for a sum of money equal
TO two and one-hslf g y "a percent Of the
face or par value Of the bonds bids for.
The bonds awarded will be delivered AZ
the office OF the city treasurer Of Indian
apolis, Indiana, on the 27th day of Octo-
ber. 1921, or at such time or times as
may. the day bids are opened and
award is made, be agreed upon. all such
deliveries, however. to be made within
thirty 600 days from the date OF said
award. and the successful bidder or bid
ders 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 a breach Of the contract Of his bid or
proposal, on account of which damages
shall be retained or recovered as liqui-
dated.
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 il, 1919. en-
titled AN act concerning the Department
Of Public Parks in cities OF the first class.
defining it's powers and duties, creating a
taxing district for park purposes in each
city of the first class, repeating conflicting
laws, and declaring an emergency" and
an act Of the General Assembly of the
State OF Indiana, approved March 10, 1921,
entitled AN act to Amend Sections LEI,
1874, $50, III, ISL and 1872 Of act en-
titled An act concerning taxation. etc -
and pursuant to resolution of the Board
OF Park Commissioners Of the city OF Indi-
annapolis directing the undersigned to
issue and sell the same for the purposes
therein set out
The legal opinion OF Megsrs. Smith.
Remster. Hornbrook & Smith. approving
the legality Of these bonds will be fur
nished to the successful bidder for the
same ROBERT H. BRTSON.
City Controller.