The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1925-02-11
Board of Public works. City Of Indian
Feb- II and Is. 1925.

Feb II and Is. 1925.
NOTICE OF THE SALE OF BONDS OF
THE CITY OF INDIANAPOLIS. IND,
Notice is hereby given that sealed bids
VIII be received by the City Controller IN
the City of indianapolis until IL clock.
noon. on the LIST day of March, 1925. for
the whole or any part of the One Hun
dred Ten Thousand ($I10. 00O.00l Dollars
of bends of the City of Indianapolis. Indi-
Municipal Garage Bonds of 1925. and
will be dated the 9th day of March. 1920
Said bonds will be One Hundred Tsnn
Thousand Isl 000.00) Dollars each w
interest coupons attached. Said bonds
will bear interest at the rate of four and
one-hah t41a per cent per annum pay
able semi-annually on the first day Of
January and The first day Of July of
said installments of interest shall be
evidenced by interest coupoES attached TO
said bonds. The first coupon on each
bond will become due and payable on the
first day of July. 1926. and will be for
interest on said bonds from the. day of
issue to said date. Said bonds win be is
sand $50. 000.00) Dollars each. the, first
series Will mature on the 1st day OF jan.
uary. 1927 and one series Of said honda
and including ga January m yi- 1st 1857 Both
principal and interest are payable at the
1ee OF the City I1sassreF OF the city on
OBLIGATION of the City of Indianapolis.
Bids or proposals for the purchase OF
nicipal Garage Bonds of 1925" and di-
rected to the City Controller, Indianapolis
indiana. Bidders may bid for all or any
The proposals or bids will be opened by
the City Controller at his office on the
9th day. OF March, 1928. between the
hours of IL o'clock noon. and , o'clock
p. m, and said City Controller shall there
upon award said bonds or if he shall see
bidder therefor, provided that said Con-
troller shah have the right to postpone
said award until later date not beyond
the fifteenth t15thl day Of March. 1923,
and provided also that said City Con-
troller shall have the right to reject any
or all bids OF proposals. or any part there
Of, 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
no bonds shall be sold for less than par
and accrued interest and said City Con-
troller shall further have the right in his
Judgment and discretion to award part
OF said bonds to one bidder and part to
another
Each and every bid or proposal shall
be accompanied by a certified check upon
some responsible bank of the City of Indi
annapolis. Indiana, payable to the order u
equal to two and oneehaf GSH per cent
OF the lace or par value of the bonds -
Tor or proposed to be purchased; and
case any bid or proposal shall not be
cepted and there shall be no award Of
bonds thereon. the certified checks accom-
panying the same shall thereupon be re-
turned to such bidder or bidders. If there
shall be awarded the whole or. any part of
the bonds upon any bid or proposal the
shall thereupon be delivered to the City
Treasurer who shall thereupOn present the
same same Tor payment and shall be entitled TO
collected 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 ard shall have
the right to collect the same for it's own
when collected shall be taken and deemed
as agreed and liquidated damages for such
breech. of contract, and as a payment
In case any successful bidder shah fail
to complete the purchase of bonds so
awarded and to pay for the same within
the time and manner herein required OF
which may be prescribed by the City Con
troller. the proceeds of such certified
taken. considered and deemed as agreed
and iiquidated damages for the breach of
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
shan Complete the er purchase Tchu Of O'p said
bonds awarded to him. said proceeds sof
said certified check shall thereupon be re-
turned 20 such bidder or at the option of
the City Controller. al the tina of the
completion Of the sale and payment for
check may be applied and deemed a pay.
nent on account OF the purchase Of said
bonds
The bonds awarded viii be delivered al
the office of the City Treasurer of Indian
apol1s. Indiana. on the 9Th day of March
1928 or at 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 (3O)
days from the date of such award and the
successful bidder or bidders shall take and
pay for the bonds awarded to him or them
at such placs and tir1e and any omission
neglect or rsfusal 20 to do shall bt a
breach OF the bidders contract OF bid or
proposal. on account of which DAMAGE
shall be retained or recovered by the M
as nquidated as heretofore set out
Said bonds are offered for sale ur'{qyF
and by virtue of the provisions Of an Act
of the General Assembly OF the State OF
Indiana entitled.
An Act concerning Municipal Cor
porations. approved March 6tn 1905
and all acts amendtary thereof and
supplemental thereto
and pursuant TO Resolution No 272 OF
the Board OF Public Works OF the CITY
OF Indianapolis. Indiana. and to an orfii-
nance Of the Common Council OF the Cts
OF Indianapolis Indiana passed on the
2nd day Of February 1925 directing the
undersigned 10 issue and sell said bonds
for the purpose herein set out.
JOSEPH L. H0GUE
Cisx Controller Of the City Of Indianapolis
Feb. a. IT, 1925
tCDnfznued on Naxt pnues