Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-02-04
LEGAL NOTICES.
NOTICE OF SALE OF FIRE DEPART
3fENT EQUIPMENT BONDS OF
THE CITY OF MUNCIE, IND.
IL Citt. ntrnlln-.

che CITY OF NGUNCIE, IND.
Office of City Controller
Rooms 218-19-20 Wysor Block.
City Of Muncie, Ind, Feb. 3, 1922.
Notice IS hereby given that sealed bids
will be received by the City Controller OF
the City of Muncie Delaware County, IN
diana, until 100 o'clock noon, on Wednes-
day, February 18th, 1922, for the whole or
any part of a certain Thirty-hve Thou
sand Four Hundred (SS5400.00) Dollar is
sue Of bonds, known as FIRE DEP ARI-
MENT EQUIPMENT BONDS 1922" and
VIII be in the denominations of One Thou
sand Dollars each for Thirty-h five Thou
sand Dollars, and one bond for -Four Hun
dred Dollars, with interest coupons at
tached, and will bear interest al the rate
of ave per cent $50 per annum, payable
semi annually; SAD bonds SHAH be mum
s#&ered consecutively from / to SO, inclu-
~%ye, and shall mature and be payable as
follows:
Bonds numbered l to 5, inclusive, Feb.
Bonds numbered TOTO. inclusive, Feb.
Bonds numbered II to Is, inclusive, Feb.
Bonds numbered Is to 20. inclusive, Feb.
Bonds numbered q to 25 inclusive. Feb.
Bonds numbered % to 80. inclusive. Feb.
Bonds numbered 81 to SO, inclusive, Feb
Said bonds and coupons shall be paya-
Bile at the Delaware County National
Bank OF the City Of Muncie, Delaware
County. Indiana, one of the regular au-
thorized City repositories and dated Feb
ruary LIST, 1922
The bids or proposals shall be opened
by the City Controller, al his office on the
18th day of February, 1922, between the
hours of 1900 o'clock noon and 200
O'Clock p m. and the said City Controller
shall thereupon award said bonds as he
shall see fit. part or any number thereof
to the highest and best bidder therefor
but said Controller shall have the full
rTvLA nj dc
sails, or any part thereof; and he shall
have the right to accept part Of any
bid. and award upon any bid the whole
or less number of bonds covered by such
hid. he being the sole judge of the sutti-
cheney or insufficieuCy of any bid, or he
may in his judgment award a part Of
said bonds TO one bidder, and a part to
another bidder, or bidders: said bonds
shall be sold for cash and for not less
than par and accrued interest; each and
every bid proposal shall be accom-
panied by a duly certified check upon some
responsible bank Of the City OF Muncie.
Indiana, and he payable TO the order Of
q the City Treasurer, for sum of money
(which shall be equal to at least 2Fo Of
&c face or par value Of said bonds bid
Vs@or or proposed to be purchased. In case
any bid or proposal shall not be accepted
and there shall be no award of bonds
thereon by the City Controller. said GER
tilted check shall be returned to the said
unsuccessful bidder; but If the said City
Controller shall award the whole or any
part of the bonds upon any bid or pro-
pOsal he shall deliver the certified check
accompanying the said bid. to the City
Treasurer, and if he shall see At, he may
present the same for payment and be en-
titled to collect the same, and shall hold
the proceeds collected thereon until the
completion of the purchase and payment
for the bonds so awarded. In event said
check Is not paid upon presentation, or IN
event any successful bidder shall fail to
complete the purchase Of said bonds so
awarded and shall pay for same in the
manner required, the proceeds of said
certified check so deposited by such bid
der, shall be taken, considered and deemed
as agreed and Hquidated damages for the
breech Of such contract of purchase, and
shall be taken and deemed as a payment
to the City for damages, and shall be held
by said city for its use But If the bidder
shall complete the purchase Of said bonds
SO awarded to him. the proceeds OF said
check snail the-eupou be returned to said
biL6er at the option Of said City Con-
troler, or the pIo 2ds may be applied
and deemed q payment on the account Of
the purchase of said bonds. Delivery If
bonds shall be made a. the Office of ga j
City Controller not later than the 18th
day of February, 1922, or at such time
or times as may be agreed upon by the
Controller and purchaser And the sue
cessful bidder shall take the bonds award
ed TO him and pay for the same; and his
refusal or omission so to do shall be a
breech Of contract of bidder account
Of which damages shall be retained or
recovered as hereinbefore set out.
Said sale IS made pursuant TO an Ordi-
thirty Bonds of the denomination OF
S@G}ne Thousand Dollars each, and one Bond
rs pr Four Hundred Dollars, Of the City
~S5f Muncie, Indiana, payable from the
General Revenues and Funds of said City.
or from the Sinking Fund of said City,
may be required by law, for the
purpose Of procuring money and funds
to be used and employed for the purpose
of purchasing real estate. site for
the construction of two (2J Fire Stations,
and for the building and constructing OF
two Fire Stations, of the Bungalow type.
known and designated Fire Stations
No. -Four and Five, respectively. and for
the fur-h'r purpose of purchasing Motor
Equir for the Fire Force Of said
City, ding for the terms and tenor
Of said bonds and for the time and char
ecter Of notice and the mode and method
of making sale thereof and providing a
time when the same shall take effect"
Passed by the Common Council Of the City
OF Muncie, Indiana, on the 10th day OF
December. 1921.
Address all communications to. Calvin
Faris, City Controller.
CALVIN FARIs. City Controller
NOTICE OF SALE OF FUNDING BONDS