The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-07-21
LEGAL NOTICES.
NOTICE OF BOND SALE.


Department Of finance, office of the city
controller elty haI ri IndianaPqls. Ind
Notice Is hereby given that in pursuance
70 the provisions u General Ordinance No.
L. 1922. of the Common council of the city
OF indianapolis. State of Indiana. passed on
the 18th day of June. 1922, and approved
by the mayor on the 26th day of June. 1922.
the undersigned city controller Of the city
OF Indianapolis will receive sealed bids at
the office of the city controller at the city
haL up to IL o'clock noon on Tuesday, Aug
l. 1922, four hundred and twenty FIVE thou
sand (S425, 100000 dollars Of the city hos
pltal bonds of 1922, of the city of Indianapo-
us. payable from the general fund or the sink
CURED by law, said bonds being four hun
dred and twenty-five (425) IN number. and
IN = Reorganization Of one thousand
date Of Aug. l. 1922. Three hundred (300l
Of said bonds shall mature and be payable
dollars IN each year for fifteen 80 con-
secutive years beginning in the year 1923,
and ending in the year 1887. and eighty
toOl OF said bonds shall mature and be
payable at the rate Of forty thousand
(S40. 900 00) dollars in each year for two
% consecutive years. beginning in the
the remaining forty-f3ve (45) bonds shall
mature and be payable in the year ending
1910. Said bonds shall bear interest at the
rate OF "A 4 Go four and one quarter per
cent per annum, payable semi annually on
the 1st day of January and the LIST day OF
July of each year. for the period of said
be evidenced by interest coupons attached to
said bonds. The first coupon attached to
bond from the date of issue until the LIST
day of January. 1928. Said bonds and in
terest coupons shall be negotiable and pay
able at the Indiana Trust Company. The
proposals OF bids will be opened by the
city controller at his office on the LIST day of
August, 1922, between the hours OF IL
clock noon, and o'clock D. m. Said city
controller shall thereupon award said bonds,
or If he shall see fit part or any number
thereof TO the highest and best bidder there
Tor; but said city controller shall have the
right to postpone said award until a later
date not beyond the 9Th day of August,
1922. and also the right to reject any or all
DDS 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,
except Only that no bond shall be sold at
less than par and accrued interest. and said
city controller shall further have the right
in his Judgment and discretion to award
said bonds part TO one bidder and a part
TO another.
Each and every bid and proposal shall be
shall be accompanied by. a duly certified
check upon some responsible bank in the
city OF Indianapolis, Ind, payable to the or:
der of the city treasurer for the sum Of
money which shall equal two and one-half
(2h Go per cent Of the face or par value
Of the bonds bid for or proposed to be pur-
shall not be accepted and there shall be no
award of bonds thereon, the certified check
accompanying the same shall thereupon be
returned to such unsuccessful bidder or
bidders. If there shall be awarded the
whole or any part of the bonds upon any
bid or proposal. the certified check accom-
panying the same shall thereupon be deliv
cred to the city treasurer who shall there
upon present the same for payment and
shall be entitled 70 collect the same and
hold the proceeds collected thereon until the
completion of the purchase and payment for
the bonds SO ordered. and II for any reason,
said check shall not be paid upon presenta-
ton, the city shall retain said check and
shall have the right to collect the same for
thereon when collected shall be taken and
deemed as agreed and iquidated damages
for such breach of contract, and as a pay
ment thereof to the city.
In case any successful bidder shall fail to
complete the purchase Of bonds SO ordered
and to pay for the same within the tina
and manner herein required or which may
be prescribed by the city controller, the pro-
such bidder shall be taken, considered and
deemed as agreed and Hquidated damages for
the breach of such bidders contract of pur-
chase ard shall be taken and deemed as the
payment for such damages and shall be 70
tanned 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 GER
such bidder at the option of the city con-
troller at the time OF the completion of the
sale and payment for the bonds, said pro-
ceeds of said certified check may be applied
purchase of said bonds
The delivery of any bonds sold shall be
made at the office Of the city treasurer OF
the city OF Indianapolis, Ind, not later than
the 9th day of August. 1922. or at such
time or times as may be agreed upon by the
controller and the purchaser or purchasers,
provided however, that the city controller
may extend The Lima 9os such delivery not