The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-09-23
NOTICE TO BIDDERS

CONTROLLER. CITY HALL. INDIAN
APOLIS, IND.
NOTICE TO BIDDERS
Notice is hereby given that in pursuance
to the provisions of General Ordinance No.
1874, 1924 of the Common Council OF the
city of Indianapolis, State OF Indiana,
passed on the 9th day Of September, 1874 PA,
day OF September. 1924, the undersigned
City Controller of the city Of Indianapolis
Will receive sealed bids at the office of the
City Controller at the city hall, up to II
o'clock noon on the 10th day OF October.
1924, for the sale Of Seventy-One Thou
sand (S71 100000 Dollars of the City
Streets and Public Highway 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 seventy-One (71( III num-
Der and in denomination OF One Thousand
Isl .O0000) Dollars each, all bearing the
bonds shall mature and be payable at the
rate of Seven Thousand (S7. 100000 Dol
years, beginning in the year 1927. and end
ing in the year 1880, and eight t8l or said
bonds in the sum OF Eight Thousand
tS6 900 00) shall mature and be pay
able in the year 1896. Said bonds shall
bear interest at the rate of L per cent
per annum, payable semi annually on the
first day of January and the first day OF
July of each year. for the period Of said
bonds and said, installment OF interest
shall be evidenced by interest coupons at
tached to said bonds; The first coupons
attached TO each bond shall be for the IN
terest on said bonds from the date OF IS
sue until the first day of July, 1925. SAID .
bonds and interest coupons 81. shall De
negotiable and payable at the City Treas
urer's office of the city of indianapolis.
The proposals or bids viii be opened by
the City Controller at his office on the 10th
of 10 o'clock noon and . p. N. SAID city
Controller shall thereupOn award said
bonds or if he shall see fit, a part or any
number thereof 10 the highest and best
bidder therefor. but said CITY Controller
shall thereupOn award said bonds, or II
he shall see fit, part or any number
therefor. but said City Controller shall
have the right to postpone SAID award I'M
Of October 1924, and also the right to re-
Iect any and all bids and proposals or
part thereof, and also the right TO accept
a part OF any bid and to award upon any
bonds covered by such bid, except only
that no bond shall be sold at less than
Controller shall further have the right in
his judgment and discretion to award sand
bonds a part to one bidder and part to
Each and every bid or proposal shall he
presented TO the City Controller sealed and
shall he accompanied by a duly certified
city Of Indlanapolls. Ind, payable to the
order Of the City Treasurer for the sum OF
money which shall equal 2 q 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 accompanying the same
shall thereupOn be returned TO such IN
successful bidder or bidders. 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 VINO shall thereupOn present the
same for payment and shall be entitled 20
collect the same and hold the proceeds col
lected thereon until the completion Of the
purchase and payment for the bonds so
ordered. and II for any reason. said CHECK
shall not be paid upon presentation. the
city shall retain said check and shall nave
the right 10 collect the same for its own
when collected shall be taken and deemed
as aEreed and hguidatd damages for such
breach of contract. and as payment there
In case any successful bidder shall fail
TO complete the purchase Of bonds so or
deTed and to pay for the same within the
time and manner herein required or which
ray he prescribed by the City Controller
the proceeds Of such certified check de-
posted by such bidder shall be taken. CON
sIdered and deemed as agreed and lqui-
dated damages for the breach OF such bid
ders contract Of purchase and shall be
taken and deemed as the payment for such
damages and shall be retained and held BY
such successful bidder shall complete the
purchase Of said bonds awarded to him
said proceeds of said certified check shall
. thereupon he returned to such bidder at
lle CpllD0 on Inc tItF I0lIr0LeT al Inc
time Of the completion OF the sale and
payment for the bonds said proceeds OF
said certified check may be applied and
deemed a payment on account of the pur-
chase of said bonds.
The delivery of any bonds sold shall ID
made AT the Office OF the City Treasurer of
the city Of Indianapolis Ind. not later
than the 30th day of October. 1924 or At
such time or times as may be agreed upon
nv the City Controller and the purchaser
or purchasers provided. however that the
City Controller may extend the time for
such delivery not more than ten t10) days
after the dav or days specified 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 90 shan be a breach of the
bidders contract Of bid or proposal on ac-
count of which damages shall be retained
or recovered by the city as liquidated as
hereinhefore set ont
Said bonds and the interest coupons
shall he negotiable and payable at the
office OF the Citv Treasurer OF the city Of
indianapolis. Ind, and shall be signed by
the Mayor and the City Controller and this
bonds shall be attested 0v the City Clerk.
s. L. SHANK. Mayor.
JOSEPH L. HOGUE
City Controller OF the City Of indianapolis
sept. l6 q.