Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-05-08
LEGAL NOTICES
Continued,

LEGAL NOTICES.
NOTICE OF BOND SALE.
Department of Finance. Office of the City
Controller. City Hall, Indianapolis, In
diana, May 20. 1922.
Notice to BidderS
Notice Is hereby given that In pursuance
OF the provisions of General Ordinance
No. 65, 1921, of the Common Council of
the City of Indianapolis, State of Indiana,
passed on the 9TH day Of September, 1921,
and approved by the Mayor September IA.
WI, ana General Ordinance No. "a. 1922.
amendatory thereto. passed on the 18th
day of April, 1929, and approved by the
Mayor on the Goth day Of April. 1922, the
Undersigned City Controller of the City of
| the office Of the City Controller at the City
Hall up to twelve o'clock noon on Monday,
May 20. 1922. for Thirty-six Thousand Five
Hundred (s36.s00.00) Dollars OF the City
OF the City of Indianapolis, payable from
the general fund Of said city, said bonds
being Seventy-three (73) in number and
In denomination Of Five Hundred (s5Oo.00)
dollars each. bearing date of May 30,
1922. and to be issued In Ten Q0) Series
and the first series shall mature on the
LIST day of January, 1924. and one ()
series shall mature on the LIST day Of jan
uary OF each year thereafter to and In
Guiding the 1st day of January, 1888, as
follows. to-w1
The first Series shall be for nine co.
bonds Of Five Hundred (s5Oo.0o) Dollars
each.
The second series shall be for eight (s)
bonds Of Five Hundred (s500.00) Dollars
each.
The remaining bonds shall be issued in
eight 90 equal series of seven (7) bonds
Of Five Hundred (s50000) Dollars each.
all bearing interest at the rate OF five
annually on the list day of July and jan
uary respectively. of each year, evidenced
by interest coupons attached to said bonds,
and the first coupon attached to each of
said bonds for the interest on said bonds
Arom date Of issue until the LIST day of
July. 1922 will be due and payable at
that time and said bonds with coupons
attached are to be delivered and paid for
at the office of the Treasurer of the City
Of Indianapolis
The proposals VIII be opened by the
City Controller at his Office on the 18th
day of May, 1922. between the hours of
twelve o'clock noon and two o'clock p. M.
and said City Controller shall thereupon
award said bonds. II he shall see fit,
part or any number thereof to the highest
and best bidder therefor, but said City
Controller shall have the right to post
pone said award until a later date not
beyond the 3rd day OF June, 1929. and
also the right to reject any and all bids
and proposals, any part thereof and
also the right 10 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 any accrued
interest and said City Controller shall fur
Their have the right in his Judgment and
discretion to award said bonds. a part to
one bidder and a part to another.
Each and every bid and proposal shall
be presented to the City Controller sealed
and shall be accompanied by q duly certi
fed check upon come responsible bank In
the City OF Indianapolis, Indiana, payable
to the order Of the City Treasurer, for a
sum OF money which shall equal two and
one-half (21bcc) per cent Of the face or
par value OF bonds bid for or proposed to
be purchased, and In any bid pro-
posal shall not be accepted and there shall
be award OF bonds thereon, the certi-
fed check accompanying the same shall
thereupon be returned to such unsuccess-
full bidder or bidders. II there shall be
awarded the whole or any part Of the
bonds upon any bid or proposal the certf-
fed check accompanying the same shall
thereupon be delivered TO the City Treas
urer. who shall thereupon present the
same for payment. and shall be entitled
to collect the same and hold the proceeds
collected. thereon until the completion of
the purchase and payment for tho bonds
awarded and II for any reason said
check shall not be paid 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 liqu.dated damages
for such breach of contract, and as
payment thereof to the city.
In case any successful bidder shall fail
to complete the purchase OF bonds so
awarded and to 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 liqui-
dated damages for the breach of such bid
der's contract OF purchase ana shall be
taken and deemed payment to the
city for such damages, and shall be re-
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
certified check shall thereupon be returned
to such bidder. or at the option OF the
City Controller at the time of the COM
pletion of tho sale and payment for the
bonds, said proceeds of said certified check
may be applied and deemed a payment on
account 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 Srd day OF June 1922, or at
by the Controller and the purchaser or
purchasers. Provided, however that the
City Controller may extend the time for
such delivery not more than ten (fo) days
after the day days specified or agreed
upon as above provided, and the success
ful 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 so. shall be
breach OF the bidders contract of bid or
proposal on account of which damages
shall be retained or recovered by the city
as liquidated hereinbefore set out.
Said bonds and the interest coupons
shall be negotiable and payable at the In
diana Trust Company. indianapolis, In
diana and shall be signed by the Mayor,
City Controller and attested by the City
Clerk.
JOSEPH L. H0GUE,
City Controller of the City OF Indianapolis,
Indiana.
NOTICE FOR BIDS ON SUPPLIES FOR
TILE ItSIr THE PITRIIC INSTITIT-