Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-03-03

OF Indianapolis
NOTICE OF SALE OF SCHOOL M
PROVEMENT BONDS.
Notice is hereby given that sealed pro-
posals will be received at the Office OF the
trustee OF township schools at the town OF
Vernon. Jennings County, Indiana, on or
before 1 o'clock p. m, tuesday. april
IS 1922 for the purchase Of $500 par
value Of school improvement bonds OF the
school township OF Vernon, Jennings
County Indiana said bonds are issued
and will be sold pursuant to a resolution
duly adopted by the advisory board OF the
school township Of Vernon. Jennings
County Indiana, at a special meeting OF
said board, held on Feb. %, 1922, and the
proceeds therefrom will be used in the con-
struction Of a new school building to be
known as the Vernon Township high
school. In the town Of Vernon. !ndi-
ana, and the equipment OF said building
for school purposes.
said bonds viii be dated March l. 1929.
and will consist OF fifty bonds OF the par
value OF $500 each. and four bonds of the
par value OF $500 each. agGregating $4,000
said bonds will be dated March l, 1922.
years from the date thereof. at the First
National Bank, Vernon. Indiana, and as
follows: The first four bonds payable Jan.
1, 1923; two bonds each six months there
after until all are paid. the last payment
to be made Jan. 1, 1887, and will bear in
terest at the rate OF six per cent $50
per annum, payable semi-annually on the
first days OF January and July OF each
year. beginning Jan. 1. 1923. respectively.
to said bonds sid bonds will be issued
IN the name Of the said school township
Of VERSION, Jennings County, Indiana, and
signed by the trustee and advisory board
OF the said school township.
All bidders will be required to state In
their said proposals the gross amount they
will pay for said bonds, with interest &C
crued to date OF delivery. All bidders
will be required TO inclose their proposals
in sealed envelopes. which shall have in
dorsed thereon the nature OF the bid and
the name and address Of the bidder. a
certified check FOR \ per cent OF the
ar cunt OF bonds bid for, payable to the
sfHer OF the school township Of Vernon,
Innings County, Indiana must accompany
each bid This check will insure to the
benefit Of the school township of Vernon.
Jennings County, Indiana, upon failure OF
the bidder TO comply with the provisions
OF his bid or to take and pay for the
bonds at the amount bid.
said proposals will be opened at o'clock
n m Tuesday, April IS, 1922, at public
meeting OF the trustee and advisory board
OF said township. Said bonds Will be sold
TO the highest and best bidder for not less
than the par value thereof, and said trus-
tee and advisory board shall have the
right to reject any and all bids said
bonds shall not be delivered until the
money therefor is paid to the trustee OF
said township. and the interest shall be-
gin to accrue from the date Of the issue OF
such bonds. The proceeds from the sale
Of such bonds shall be paid TO the trustee
OF the said school township OF Vernon
Jennings County, Indiana and shall be
kept by MIN in g separate fund and applied
only to the purposes for which such bonds
are sold
DATED at Vernon. Indiana. this list day
Of March, 1922.
JENNINGS COUNTY, INDIANA
By CLARENCE E. DAWSON. Trustee.
". T. SE8ON. Attorney, Vernon. Indiana.