The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-06-28
LEGAL NOTICES.
fCOntIntsrd.1
NOTICE OF BOND SALE.


NOTICE OF BOND SALE.
Department of Finance, Office OF the City
Controller, City Hall. Indianapolis. Ind.
Notice to Bidders:
Notice is hereby given that in pursuance
to the provisions of General Ordinances No.
as. 1922. of the Common Council OF tbs
City of Indianapolis, State of Indiana, passed
on the 18th day OF May. 1922. and approved
signed City Controller of the City of Indian
apois, wiz receive sealed bids at the Of
flee of the City Controller at the City Hall
~ to IL o'clock noon on Wednesday. July
IL, 1922. for Forty Thousand (S40,000.0O)
Dollars, of the City Streets and Public High
way Bonds of 1922, Second Issue. of the
City of Indianapolis, payable from the gen.
eral fund OF said city. said bonds being
Eighty $50 jim lumber. and in denomina-
ton Of Five Hundred (S50o.o0) Dollars
each, bearing date of fully IL. 1929. and to
be issued in ten 00) series; the first series
shall mature on the 1st day of January.
1924, and one ~ series shall mature on
the LIST day OF January of each year there
after to and including the 1st day Of Janu-
airy. 1888. all bearing interest at the rate
OF hve $3.50 per cent annum. payable
seTm-annualy On the LIST day Of January
and July respectively OF each year, ey1-
ydenced by interest coupons attached to said
bonds, and the first coupon attached to
each Of said bonds for the interest on said
bonds from date Of issue until the 1st day
OF July, 1928 will be due and payable
at that time and said bonds with coupons
attached are to be delivered and paid for
at the office OF the treasurer Of the City
The proposals VIII be opened by the City
Controller at his office on the 18th day OF
July. 1929, between the hours OF IL o'clock
noon and 2 o'clock D. m and said City Con-
troller shall thereupon award said bonds
or II he shall see fit, a part or any number
thereof to the highest and best bidder there
for. but said City Controller shall have the
right 20 postpone said award until a lateY
date not beyond the 18th day of July. 1929,
and also the right TO reject any and al bids
and proposals, or any part thereof, and also
the right to accept a part Of any bid and
To award upon any bid the whole or less
number of bonds covered by such bid. ex-
cept only that no bond shall be sold at less
than par and any accrued interest. and said
City Controller shall further have the right
in his judgment and discretion to award
said bonds. a part 70 one bidder and a part
TO another.
Each and every bid and proposal shall be
presented TO the City Controller sealed and
shall be accompanied by . July certified
check upon some responsible bank in the
City Of Indianapolis, Indiana, payable to
the order of the City Treasurer, for g sum
Of money which shall equal two and one
half (2hCt) per cent Of the face or par
value OF bonds bid for or proposed TO be
purchased, and in case any bid or proposal
shall not be accepted and there shall be no
award Of bonds thereon. the certified
checks accompanying she same shall there
upon be returned to such unsuccessful bid
der or bidders. II there shall be awarded
the whole or any part OF the bonds upon
any bA0 - LACpOSAA hAE IL GAtA liz ~
companyfng the same shall thereupon be
delivered to the City Treasurer who shall
thereupon present the same for payment.
and shall BE- entitled TO collect the same
and hold the proceeds collected thereon IN
til the completion OF the purchase and pay
ment for the bonds so awarded, and II 1oP
any reason said check shall not be paid upon
presentation. the city shall retain said
check and shall have the right TO collect
the same for its own use and said check
and proceeds thereof when collected shall
/ m taken and dnanAd "a agreed and nOIu~
dated damages for such breach Of contract
and as a payment thereof to the city.
In case any successful bidder shah fail
to complete the purchase Of bonds so
awarded and TO pay for the same within
the time and manner herein required or
which may be prescribed by the City Con-
troller. the proceeds OF such certified check
deposited by such bidder shall be taken
considered and deemed as agreed and ho~
Undated damages for the breach of sueh bid
der's contract OF purchase and shan be TAX
en- and deemed IS a payment to the city
for such damages. and shall be retained and
held by said city Tor is use. However II
purchase Of said bonds awarded to him, said
I proceeds OF said certified check shall there
upon be returned to such bidder or al tbs
option Of this City Controller. at the time
OF the completion Of the sale and payment
/ for the bonds. eaid proceeds OF said certlf1ed
cneck may be applied and deemed a pay.
ment on account OF the purchase OF said
Delivery Of any bonds sold shall be made
al the Office Of the City Treasurer of the
city OF Indianapolis Indiana, not later than
the 18th day Of July. 1929. or at such time
or times as may be agreed upon by the Con-
trOller and the purchaser or purchasers.
Provided however. that the City Controller
may extend the time for such delivery not
more than no. ten days after the day or
| days specified or agreed upon as above pro-
vided, and the successful bidder or bidders
shall take the bonds awarded 10 him or
them and pay for the came at such plaes
and time and any neglect or omission TO co
so, shall be a breach OF the bidders con-
tract of bid or proposal on account OF
which damages shall be retained or recov-
cred by the city as uquidated as hereinbe-
fore set out.
Said bonds and the interest coupons shall
be negotiable and payable at the Indiana
Trust Company. Indianapolis. Indiana, and
shall be signed by the Mayor and City Con
troller. and the bonds shall be attested By
the City Clerk.
JOSEPH L. HOGUE,
City Controller Of the City Of Indianapolis.
( ~OTrCE To TAvpAvEPS ~ THE CITY OF