The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1923-10-11
LEGAL NOTICES


NOTICE OF SALE OF BONDS OF THE
CITY OF INDIANAPOLIS. IND.
Notice is hereby given that sealed bids
city of Indianapolis, Ind, until twelve tial
O'Clock noon on the 26th day OF Octobcs.
iibg2s' for the Whole or any agyyo6 pa ndo o 81 d sas
lars of bonds of the city of Indianapolis.
Ird. which said bonds are designated as
viii ffFes Be a dsted oet. % sOn 1928 oi ssid bonds aas
will be three hundred in number and will be
for one thousand Isl 000,O0l dollars each
with interest coupons attached
Said bonds win bear interest at the rate
OF I'VE (5l per cent per annum. payaols
semi-annuaiiy on the 1st day OF January
each bond will become due and payable
:he 1st day of July, 1924. and will be. 10
interest on such bond from the day OF ie..
sue to said date. Said bonds will be issued
IN FIVE (5) equal series of sixty thousand
1850, 100000 dollars each: the first series
and one series on the fret day Of Iny
thereatter to AID including July l. 1928.
BqEh principal and interest are payable a.
the City Trust Company OF Indianapolis.
Ind, and constitute an obligation of the city
of Indianapolis.
Bios or proposals for the purchase Of said
surfacing Bonds of 1928" and directed to the
city controller. Indianapolis, Ind. Bidders
"4 The ~ PROPOSALS lSp Q sal Or on a4 BIDS Rsf viii II be heiU opened b.
the city controller at his office on the 26tA
day of October. 1928. between the hours OF
twelve (12) O'Clock noon and two ~
o'clock D. M. and said city controller shall
thercCpon award said bonds or il he shall
see fit, a part thereof. to the highest ara
troller shall have the right to postpone said
award until q later date not beyond the LIST
that said city controller shall have the right
to reject any or all bids or proposals. or any
part thereof, and shall have the right TO
accept a part of any bid. and % award upon
9Qy hid the whole or any let6 NUMBER OF
bonds covered by said bid. excepting only
that no bond shall be sold for less than pap
and accrued interest. and said city controFsS
shall further have the eight IN hs iudgmel u
and discretion to award a part of said bon u
to one bidder and q part to another.
accompanied by q certified check upon some
responsible bank of the city Of indianapolis.
Ind, payable TO the order Of the city treas:
cne-haf e. J pei cent of the face or par
value of the bor1s bid for or proposed to bq
/ purchased: and in case any bid or proposal
shah not be accepted and there shall be no
av ard of bonds thereon, the certified checks
returned TO such unsuccessful bidder or bid.
dcrs. If there shall be awarded the whole or
any part of the bonds upon any bid or pro-
pOsal the certified check accompanying tbs
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 coll
lected thereon until the completion OF tbs
purchase and payment OF the bonds a
awarded. and II 1Or any reason SAID cueW
shall not be paid upon presentation, the cfV
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 liduidated damages for such
breach of contract. and as a payment there
of to the city.
In case any successful bidder shall fsI, "a
complete the purchase Of bonds SO awarded
and manner herein required or which may be
prescribed by the city controller. the pro-
ceeds of such certified check deposited by
deemed as agreed and liquidated damage for
the breach of such bidders contract of pur-
chase, and shall be taken and deemed as Q
shall be retained and held by such city for
Its use. However. If such successful bidder
shall complete the purchase OF said bonds
awarded TO him. said proceeds of said Ger.
titled check shall thereupon be returned to
such bidder or at the option Of the city
controller. at the time of the completion OF
the sale and payment for the bonds. said
proceeds of sale certified check may be APP
piled and deemed a payment on account of
the purchase of said bonds.
TIL bonds awarded will be delivered AZ the
office of the city treasurer of Indianapolis.
Ind. on the Goth day of October. 1928. or
at such time or times as may on tho day
bids are opened and award is made. be agreed
upon: all such deliveries. however. to be
made within thirty (30) days from the date
biddcrs shall take and psy for the bonds
awarded TO him or them at such place and
tALLC anu 0AJ OOAAE1AODe ACHAO- "a ~
to do. shall be a breach OF the bidders con-
tract of bid or proposal. on account OF
which damages shall be retained or recov-
cred by the city as li1uidated as heretofore
set out.
Said bonds arc offered for sale under and
by virtue of the provisions of an act of the
General Assembly of the State of Indians
entitled IAN Act Concerning Municipal Cor
porations.'' approved March 9. 1905. and
acts amendatOry thereof and supplemental
thereto, including an act of the General As
sembly of the State of Indiana. approved
Feb. 26, 1923. entitled A act concerning
the resurfacing and widening or permanently
improved r~oadways in cities Of the 1rst
class, providing for the levying of a special
tax for the payment OF the same. providi&&
for the creation of a special fund and a.
collecting aud disbursement Of the same, nnc
for the issuance of certain bonds of such
cities for the payment Of such resnrfEcfnE
and widening during the year of 1923 and
declaring an emergency" and pursuant to
resolution of the board of public works OF
the city of Indianapolis, Ind, and an ordi:
nance of the common council Of the city of
Indianapolis, Ind. passed on the 3rd day OF
September. 1929, directing the undersigned
to issue aud sell said bonds for the purpose
herein set out.
JOSEPH L.. HOGUE,
City Controller of the City OF
indianapolis, Ind.
NOTICE