The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-07-05
LEGAL NOTICES.
49, ~
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 Ordinance No
80. 1922. of the Common Council of the
City OF Indianapolis State of Indiana, passed
on the 18th day of May. 1929, and approved
by the Mayor May 23rd, 1922 the under
signed City Controller of the City of Indian
apohs, will receive sealed bids at the Of
fee of the City Controller at the City Hall
up to IL O'Clock noon on Wednesday July
r. 1922, for Forty Thousand CS40, 600 .O0]
Dollars. OF the City Streets ard Public High
way Bonds of 1929. Second Issue. of the
city OF Indianapolis payable from the gen
eral fund Of said city, said bonus being
Eighty 80 Din number and in denomina-
ton Of Five Hundred (S50O.O0) Dollars
each, bearing date of July IL, 1929. and TO
% issued in ten (10) seriest he first series
shall mature ON the LIST day of January,
1924 and enc ID series shall matur on
the lst day of January of each year there
after 70 and including the LIST day of Janu-
ary' 1898 all bearing interest at the rate
OF nVe (5?o) per cent annum, payable
senli-annually on the LIST day of January
and July respectively of each year. EVIL
9enced by interest coupons attached TO said
ooncs, and the first coupon attached to
each OF said bonds for the interest on said
ponds from date OF issue until the 1st day
OF July, 1923 viii be due and payable
ct that time and said bonds with coupons
attached are TO be delivered and paid for
al the office of the treasurer of the City
of Indianapolis
:. The proposals will be opened by the City
controller at his office on the 18th day of
july 1922 between the hours of IL o'clock
noon and o'clock p. M. and said City Con-
roler shall thereupon award said bonds.
or II he shall see fit part or any number
thereof to the highest and best bidder there
for but said City Controller shall have the
rlght TO postpone said award until a later
date not beyond the 18th day of July. 1929.
and also the right to reject any and all 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 boUDs covered by such bid ex-
cept only that bond shall be sold at less
tnan par and any 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 part
to another.
Each and every bid and proposal shall be
presented to the City Controller sealed, and
shall be accompanied by duly certified
eneck upon some responsible bank in the
City Of indianapolis. Indiana, payable to
the order of the City Treasurer. for sum
OF money which shall equal two and one
half q = fe) per cent of the face or par
value of bonds bid for or proposed TO be
shall not be accepted and there shall be nc
award of bonds thereon. the certified
checks accompanying the same shall there
upon be returned TO such unsuccessful bid
the whole or any part of the bonds upon
any bid or proposal the certified check
companying 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 I'M
I'll the completion of the purchase and pay
ment for the bonds so awarded and If Tor
any reason said check shall not be paid upon
presentation, the city shall retain said
check and shall have the right to collect
and proceeds thereof when collected shall
be taken and deemed agreed and tqui-
dated damages for such breach of contract,
and as a payment thereof to the city.
In case any successful bidder shall fail
TO complete the purchase of bonds so
awarded and 70 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 agreed and liq-
Undated damages for the breach of such bid
ders contract OF purchase and shall be TAX
en- 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 there
upon be returned 70 such bidder or at the
option Of this City Controller. at the time
OF the completion of the sale and payment
FOR the bonds. said proceeds Of said certified
cneck may be applied and deemed a pay
ment on account Of the purchase OF said
bonds.
Delivery OF any bonds sold shall be made
al the office OF the City Treasurer of the
city Of Indianapolis Indiana. not later .han
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 t10l ten days after the day or
days specified or agreed upon above pro
vided. and the successful bidder or bidders
shall take the bonds awarded 10 him or
them and pay for the same at such place
and time and any neglect or omission TO do
So shall be q breach of the bidders con
tract Of bid or proposal on account OK
which damages shall be retained or recov-
cred by the city as hquidated as hereinbe-
fore set out.
Said bonds and tho Interest coupons shall
he negotiable and payable at the Indiana
Trust Company Indianapolis. Indiana. and
shall he 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.