Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-02-09
LEGAL NOTICES.

NOTICE OF SALE OF BONDS OF THE
PARK DISTRICT OF THE CITY OF
INDIANAPOLIS. IND.
Sealed bids will be received by the city
controller OF the city Of indianapolis, Ind
until 10 o'clock noon, on the 24th day
OF February, 1922, tar tho whole or any
part or sixty thous nd i560, 0O0) dollars
OF bonds OF the park district OF the city
Of Indianap polls Ind, which said bonds
are designated Park District Bonds OF
I 1922. Issue No. l." and will be dated
March l, 1874 Said bonds will be sixty
(ou) IN number and will be for one thou
sand 81. o00) dollars each with interes;
coupons attached said bonds will bear
interest at the rate OF per cent Der
snnun payable semi annually on the first
cay OF January and July Of each year.
The nrst coupon on each bond will be-
come due and payable on the hrst day
OF July, 1923. and Will be for the interest
on such bond from the day OF issue to
said date. Said bonds will mature on
March 1, 1927. Both principal and In
terest are payable at the office of the
treasurer Of the city OF Indianapolis Ind
and constitute obligation OF the park
district Of the city Of indianapolis. Ind
BIDS for the purchase Of said bonds shall
b Endorsed Bid for Park District Bonds
OF 1922, Issue No. J." and directed to the
city controller, Indianapolis. Ind Bidders
may bid for all or any part OF said bonds
Proposals will be opened by the city
controller at his office on the 24th day
OF February. 1922, between the hours Of
II noon and o'clock p. m. when he
viii award said bonds, or IL he shall see
Mt part thereof, 20 the highest and
best bidder therefor, but the said con-
tToller shall have the right to reject any
or all bids or proposals or any part there
Of and shall have tbs right to accept a
part Of any bid anG to award upon any
bid the whole or sny less number Of
bonds covered by said bid excepting only
that no bonds she'll be sold for less than
par. He may also, in his Judgment and
discretion. award a part Of said bonds
Z bidder nd RI
Each bid shall be accompanied by q
certlned check upon soma responsible bank
OF the city Of Indisnay oils. IND. payable
TO the order OF Ralph A Lemcke, city
treasurer. for sum Of money equal to
two and one-han (2h) per cent OF the
face or par value Of the bonds bid for
The bonds awarded will be delivered at
the onice or the city treasurer of Indian
apolis, Ind. on the Path day of February
1922. or at such time or times as may
on the day bids are opened and award
Is made, be agreed upon all such de-
liveries however. to be made within thirty
600 days from the date OF such award
and the sucIessful bidder or bidders shall
take and pay for the bonds awarded to
him or them, and his or their omission
neglect or refusal so to do shall be a
breach OF the contract Of his bid or pro-
posal, on account OF which damages shall
be returned or recovered as nQuidated
Said bonds are offered for sale under
and by virtue of the provisions of an act
of the General Assembly OF the State of
Indiana. approved March r. 1918, en-
titled IAN Act Concerning the Department
OF Public Parks in Cities of the First
Glass, defining its powers and duties, Great
ing a taxing district for park purposes in
each city OF the first class repeating con-
hicting laws, and declaring emergency"
and an act OF the General Assembly of
the State Of Indiana amendatory thereto
approved July 81. 1920. and pursuant to
resolution OF the board of park commits
sioners OF the city OF Indianapolis, Ind,
directing the undersigned to issue and
sell said bonds for the purpose therein
set out.
The opinion OF Messrs Smith. Remster.
Horn -ook & Smith concerning the legality
Of -tese bonds will be furnished TO the
successful bidder for the same
JOSEPH L. HOGUE
City COntrOIler