The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-07-14
LEGAL NOTICES.
Continued

N~~~N~>~~S>~~~~>~~~~~N<SN SN~Scso~~.>~O~>Ns>~~
day Of January. 1923. Said bonds and In
terest coupons shall be negotiable and pay
proposals OF bids will be opened by the
city controller at his office on the lst day of
August. 1922. between the hours of IL
CLOCK noon. and o'clock p. m. Said city
controller shall thereupon award said bonds.
or II he shall see fit a 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
I9%2, and also the right to reject any or all
plns ana proposals or any part thereof and
also the right to accept a part of any bid
ana 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
sald bonds part to one bidder and a part
to another.
Each and every bid and proposal shall be
presented 10 the city controller sealed and
SHAH 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 sim Of
money which shall equal two and one-haif
q = 60 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
bidders. If there shall be awarded the
whole or any part of the bonds upon any
bid or proposal. the certified check accom-
panylng the same shall thereupon be deliv-
cred TO the city treasurer who shall there
upon 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
the bonds so ordered, and If for any reason,
tion, the city shall retain said check and
shall have the right TO collect the same for
its own use. and said check and proceeds
thereon when collected shall be taken and
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 manner herein required, or which may
be prescribed by the city controller the pro-
ceeds of such certified check deposited by
such bidder shall be taken considered and
deemed as agreed and nQuidated damages for
the breach of such bidders contract of pur-
payment for such damages and shall be re-
tanned and held by said city for its use.
However. If such successful bidder shall
complete the purchase of said bonds
titled check shall thereupon be returned to
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
and deemed payment ON account of the
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
controller and the purchaser or purchasers,
provided. however. that the city controller
may extend the time for such delivery not
more than ten (10) days after the day or