The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-08-27
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Legal NOTICES
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NOTICE OF SALE OF BONDS OF THE
CITY OF INDIANAPOLIS, INDIANA

80 Legal NOTICES
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NOTICE OF SALE OF BONDS OF THE
CITY OF INDIANAPOLIS, INDIANA
Notice is hereby given that sealed bids
will be received by the City Controller =
the city of Indianapolis until IL ocloc ~
noon, on the 18th day of September, 1921"
for the whole or any part Of the nine hun.
Gred thousand $500 100000 dollars of
bonds of the city of Indianapolis, Ind,
which said bonds are qes I954 as az
will be dated the 10th day Of September,
1924. Said bonds will be nine hundred
5000 IN number and VIII be Tor one thau-
sand Isl, O00.00) dollars each with inter-
est coupons attached. Said bonds will
bear interest at the rate of four and one,
half (41a) per cent per annum, payable
semi-annually on the first day Of January
and the first day of July OF each year OF
the period of said bonds. and said INSTALL
ments OF interest shall be evidenced by IN
terest coupons attached to SAID bonds. the
first coupon on each bond Will become due
and payable on the first day OF July. 1925,
and will be for interest on such bond from
the day of issue to said date. Said bonds
viii be issued In thirty 800 series of thir-
ty thousand $3.50, 100000 dollars each. the
first series will mature on the LIST day Of
July, 1926, and one % series OF said
bonds on the first day of July thereafter.
to and including July l, 1850. Both prln-
cipal and interest are payable at the
office of the City Treasurer of the city OF
indianapolis, Ind, and constitute an obi
cation of the city OF indianapolis.
Bids or proposals Tor the purchase o.
said bonds shah be Endorsed Bids for
Flood Prevention Bonds of 1924" and di-
rected to the City ControlleI Indianapolis.
Ind. Bidders may bid for all or any part
of said bonds
The proposals on bids viii be opened by
the City Controller al his office on the
18th day of September 1924, between the
hours OF II o'clock noon and , o'clock
p. n. and said City Controller shall there
upon award said bonds. or if he shall
fit, a part thereof to the highest and best
bidder therefor. provided that said Con-
troller shall have the right to postpone
said award until a later date not beyond
the first day OF October, 1924, and pro-
vided also that said City Controller shall
have the right to reject any or al bids or
proposals, or any part thereof, and shall
have the right to accept any part OF any
bid, and to award upon any bid the whole
or any less number OF bonds covered by
said bid, excepting only that no bonds
shall be cold for less than par and accrued
interest, and said City Controller shall
further have the right in his judgment and
discretion to award a part of said bonds
to one bidder and a part to another.
Each and every bid or proposal shall -
accompanied by certified check upo#
some responsible bank of the city of InW
dlanapolis. Ind, payable to the order Of
the City Treasurer, for a sum Of money
equal to two and one-half q y 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 ao-
cepted and there shall be no award Of
bonds thereon the certified checks accom-.
panying the same shall thereupon be re.
turned to such successful bidder or bidders.
il there shall be awarded the whole or any
part Of the bonds upon any bid or proposal
the certified check accompanying the sams
shall thereupOn be delivered to the City
Treasurer VINO shall theTeupon present the
same for payment and shall be entitled to
collect the same and hold the proceeds col
lected thereon until the completion of the
purchase and payment OF the bonds so
awarded. and if for any reason 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 proceeds thereof
when collected shall be taken and deemed
as agreed and hqUldated damages for such
breach OF contract. and as payment there
of to the city.
In case any successful bidder shall fail
to complete the purchase OF bonds so
awarded and TO pay for the same within
the time and manner herein REQUIRED or
which may be prescribed by the City Con-
troIler. the proceeds of such certified check
deposited by such bidder shall be taken,
considered and deemed as agreed and Hqui-
dated damages for the breach of such bid
der S contract OF purchase. and shall be
taken and deemed as a payment to the city
for such damages, and shall be retained
and held by such city for its use. How
ever, II such successful bidder shan COM
plete the purchase of said bonds awarded
TO him, SAID proceeds Of said certified
check shall theTeupOn be returned to such
bidder or at the option of the City Con-
trUller at the time Of the completion of
the sale and payment for the bonds said
proceeds of said certified check may be ap-
piled and deemed a payment on account of
the purchase of said bonds
The bonds awarded viii be delivered at
the office of the City Treasurer of Indi-
annapolis. Ind, on the 10th day Of Septem-
Der, 1874. or al such time or times as may
on the day bids are opened and award IS
made, be agreed upon, all such deliveries,
however, to be made within thirty 1907
days from the date of such award. and the
successful bidder or bidders shall take and
pay for the bonds awarded TO him or thelA
at such place and time and any omissio o:
neglect or refusal so to do. shall be hreac Il
Of the bidders contract OF bid or proposal.
on account OF which dana ges shall be re-
tanned or recovered by the city as hqui-
dated as heretofore set cut.
Said bonds are offered for sale under
and by virtue Of the provisions Of an Act
OF the General Assembly Of the State of
Ind ana entitled
An Act Concerning Municipal Corpora
tons approved March 8. 1905 and acts
amendatory Thereof and supplemental there
bly, of the State of Indiana approved
March 6. 1915, entitled:
An Act. providing for the construction
OF works for flood prevention. providing
Tor the leyylns Of assessments and taxes.
and the sale OF bonds Cor the purpose of
paving therefor; and granting certain
powers to Boards of Public Works con-
corning streams in cities of more than ona
hundred thousand 100000 population
and hXlng the portion of the cost thereof
within such cities. and by counties in
which such cities are located. and declaring
an emergency
said Act being Chapter ~ of the Acts of
the General Assembly OF the State Of In.
diana for the year 1915. being found on
page 143 of said acts. approved March g.
1913; and acts amendatory thereof and
supplemental thereto, and pursuant TO
resolution Of the Board of Public Works
Of the City Of Indianapolis Ind. and an
ordinance Of the Common Council of the
city OF Indianapolis. Ind. passed on the
4tn DAY OF August. 1924 directing the un-
dersigned to issue ard sell said bonds for
the purpose herein set out
JOSEPH L. HOGUE
Aug. 20, 81.
NOTICE 10 BIDDERS
Truck-Tractors for CoIIaction srd ~