The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-06-07
NOTICE TO

NOlICE 10 BIDDERS
Notice is hereby given that in pursu-
Hnce to the provision of General Ordinance
No. 33. 1924, of the COMMON OunciI of
the City of Indianapolis. State of Indiana,
passed on the 2lst day of April, 1924.
and approved by the Mayor on the Sd day
Of May. 1924, the UNDERSIGNED City Con
troller of the City of indianapolis will re-
ceive sealed bids at the office of the City
Controller at the City Hall, up to IL
O'Clock noon on Thursday, June IL 1924.
for the sale of Two Hundred and Eighty
Thousand $3.50. 600 .00J dollars of the
City Hospital Bonds OF 1924, of the City
of Indianapolis, payable from the General
FUND or Sinking Fund OF said City. or as
may be required by law. said bonds being
nomination of One Thousand Il 900 .00)
dollars each. all bearing the date of July
/, 1924. Ten tlOg of said bonds shall
mature and he payable at the rate of Ten
Thousand tS1O.O0O.0O) dollars in each
year for -twentY-eight (2S) consecutive
years. beginning in the year 1926. and
ending in the year 1853. Said bonds shall
bear interest at the rate of ~ per cent 4
per annum. payable s-emi-annually on then
1rst day of January and the first day
OF July Of each year. for the period of
said bonds and said installment of inter
est shall be evidenced by interest cou-
pons attached to said bonds. The first
coupons attached TO each bond shall be
for the interest on said bond from the
uary. 1925. Said bonds ana interest cou-
pons shall be negotiable and payable at
the lily treasurer 5 OUlCe&O OF the CIV OF
indianapolis. The proposals or bids will
be opened by the city controller at his Of
fee on the 18th day of June. 1924, be-
tween the hours of II o'clock a. m. and
. o'clock p. m. Said City Controller shall
t~hepeupon award said bonds, or if he
shan see fit. a part or any number
thereof to the highest and best bidder
therefor. but said City Controller shall
have the right to postpone said award I'M
til a later date not beyond the 10th day
of June, 1924, and also the right to reject
any and an blds and proposals or a part
thereof, and also the right TO accept a
part of any bid and to award upon any
bid the whole or any 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 Con
trOller shall further have the right in his
Judgment and discretion to award said
bonds a part to one bidder and a part to
Each and every bid or proposal shall be
presented TO the City Controller sealed and
snail be accompanied by a duly certified
cheek upon some responsible bank in the
City OF Indianapolis. Indiana, payable to
the order of the City Treasurer for the
sum OF money which shall equal 21z per
cent Of the face or par value of the bonds
bid for or proposed to be purchased. and
in case any bid or proposal shall not be
accepted and there shall be no award of
bonds thereon. the certified check accom-
panyinE the same shall thereupOD be re-
turned to such unsuccessful bidder or bid
ders. If there shall be awarded the whole
or any part OF the bonds upon any bid or
proposal. the certified check accompanying
the same shall thereupon be delivered to
the City Treasurer. who shall thereuOOn
present the same for payment, and shall
be entitled to collect the same and hold the
proceeds collected thereon until the COM
Dlctlon of the purchase and payment for {
the bonds so ordered. and if for any rea-
son. 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 HwaaanAn- H1a--a@- --h--- III
be taken and deemed as agreed and liq-
Undated damages for such breach of con
tract, and as the payment thereof to the
city.
In case any successful bidder shall fail
to complete the purchase of bonds so
ordered and TO pay for the same within
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 as agreed
suca bidders contract of purchase and
shall be taken and deemed as the pay
ment 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
awarded to him. said proceeds of said Ger
titled check shall thereupon be returned
10 such bidder at the option of the City
Controller at the time of the completion
OF the sale and payment for the bonds,
said proceeds of said certified check NAV
be applied and deemed a payment on ac-
count 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. Indiana. not
later than the LIST day of July, 1924. or
at such time or times as may be agreed
upon by the City Controller and the pur-
chaser or purchasers. Provided, how
ever, that the City Controller may extend
the time for such delivery not more than
ten l1O) days after the day or days speci-
fed or agreed upon as above provided. and
the successful bidder or bidders shall take
the bonds awarded them and pay for the
same at such place and time. and any
neglect or omission so TO do shall be a
breach of the bidders contract of bid
0r~ proposal on account of which dam
ages shall be retained or recovered by the
City as liQuidated as hereinbefore set out.
Said bonds and the interest coupons
shall be negotiable and payable at the Of
flee of the City Treasurer of the City of
indianapolis, Indiana. and shall be signed
by the Mayor and the City Controller, and q
the bonds shall be attested by the City s
Clerk.
JOSEPH r. HOGUE.
City Controller of the City of indianapolis.
May 81. June z. 1924.
NOTICE OF APPOINTMENT
Notice is hereby given. that the under.
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