The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-07-05
LEGAL NOTICES.
NOTICE OF BOND SALE.
(Continued.l

NOTICE OF BOND SALE.
Office of the City Controller, City Hail.
Indianapolis. Indiana.
Notice to Bidders:
Notice Is hereby given that in pursuance
of the provisions of General Ordinance NO
90, 1921, of the Common Council OF the
City of Indianapolis. State of Indiana.
passed the 10th day of December 1871.
and approved by the Mayor December 81,
1921. and General Ordinance No. 40. ls22,
amendatory thereto. passed on the 10Th DAY
OF May. 1922. and approved by the Mayor
on the 23rd day of May. 1922. the under
signed City Controller of the City of Indian
apolis will receive sealed bids at the ONCE
of the City Controller at the City Hal up
1922, for Ten Thousand $4,000 00) Dol.
lars of the City Park Purchase Bonds OF
1922, of the City of Indianapolis. payable
from the General Fund of said City. SAID
denomination of One Thouesnd ($l.000.OOl
Dollars each. bearing date OF July 1st. 1872.
and to be issued and numbered from One
ID to Ten 1e), both inclusive. all OF
which shall mature on January LIST. 1927.
all bearing interest at the rate of i've (o%o)
per cent per annum. payable semi annualy
on the LIST day of January and July, re
spectivey of each year. evidenced by in.
terest coupons attached to said bonds, ano
the first coupon attached 10 each of SAID
bonds for the interest on said bonds from
date of issue until the LIST 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 otfice of
the Treasurer of the City OF Indianapolis.
The proposals will be opened by the Clty
Controller at his Office on the 18th day OF
July, 1929. between the hours of twelve
clock neon and 2 o'clock p. m. and SAID
City Controller shall thereupon award said
bonds. or If he shall TT part or any
number thereof TO the highest and best
bidder therefor. but said City Controller
shall have the right to postpone said award
until later date not beyond the 18th day
nj T1yfU nd ole ha RI
any and all bids and proposals or any part
thereof. and also the right 20 accept part
of any bid and to award upon any bid the
whole or less number of bonds covered ~
such bid, except only that no bond shall
be sold at less than par and any accrued
interest, and said City Controller shall fur
Their have the right in his judgment ard
discretion to award said bonds. part 10
one bidder and part TO another.
Each and every bid and proposal shall
DO presented TO the City Controller sealed.
and shall be accompanied by duly certified
check upon some responsible bank in the
City of Indianapolis, Indiana, payabls 10 the
order OF the City Treasurer. for sum Of
money which shall equal two and one-han
GA 9t) per cent of the face or par value
Of bonds bid for or proposed to be pur.
chased. and in case any bid or proposal
shall not be accepted and there shall be
no award of bonds thereon. the certified
checks accompanying the same shall there
upon be returned to such unsuccessful bid
der bidders. If there shall be awarded
the whole or any part of the bonds upon
any bid or proposal the certified check &C
companying the same shall thereupon be
delivered TO the City Treasurer. who ehau
thereupon present the same for payment.
and shall be entitled to collect the same
and hold the proceeds collected thereon I'M
til the compilation of the purchase and pay
ment for the bonds go awarded and If for
any reason said checks shall not be palo
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
be taken and deemed as agreed and uQui-
dated damages for such breach of contract
and IS a payment thereof to the city.
In case any successful bidder shall fail
to complete the purchase OF bonds so award
ed and TO pay for the same within the tirae
and manner herein required or which may be
prescri bed by the City Controller, the pro-
ceeds Of such certified check. deposited by
deemed as agreed and hquidated damages
for the breach of such bidders contract OF
purchase and shall be taken and deemed
as a payment to the city for such damages.
and shall be retained and held By said city
for its use. However, II such successful
bidder shall complete the purchase of said
bonds awarded to him. said proceeds of said
certified check shall thereupon be returned
70 such bidder. or. at the option OF the
City Controller. at the time OF the compile
ton OF the sale and payment for the bonds
.ssid proceeds of said certified check may
be applied and deemed a payment on &C
ccpnt Of the purchase of said bonds.
Delivery of any bonds sold shall be made
at the Office Of the City Treasurer of the
City of Indianapolis. Indiana not later than
the 18th day of July. 1922. 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 ten (10l days after the day or
days specified or agreed upon as above pro-
vjded. and the successful bidder or bidders
shall take the bonds awarded to him or
them and pay for the same at such place
and time and any neglect or omission to
do go shall be a breach of the bidders
contract of bid or proposal on account of
which damages shall be retained or recov-
cred by the city as hquidated, as hereinbe-
fore set out.
said bonds and interest coupons shall be
negotiable and payable at the Indiana Trust
Company, Indianapolis. Indiana, and shall
be signed by the Mayor. City Controller aud
attested by the City Clerk, except that the
coupons are to be authenticated by htbo-
graphed fac-simile of the signature OF the
City Controller alone engraved thereon.
JOSEPH L. HOGUE.
City Controller Of the City of Indianapolis.