The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1925-07-16
Legal Notices
90


Indiana passed or the 10Th uay OF June,
1870. and approved by the mayor on the
city controller q the cty 'o u InG dafs
will receive sealed bids at the office OF
TIE ety. controller at the city hall up 70
1925. three hGndred eig5 5 SH I've thousand
t SSSS6 900 90 dollars Of the city hospital
rs us, payable from the general fund or The
hundred eishty-fve in number. and in ''t de-,
nominatons of one thousand ( 81 900 o0)
1875 Three 6sadred esh d9e $500 81 'U ~
s SAD bonds shall MATURE and be payable al
dollars in o eae eSRe yeSr or
1927, and ending in the year i545. aud
mature and be payable in Sa The 9? Year end end
ing 1916. Said bonds shall bear Interest
per cent per anLpni. PAYABLE semi annually
or the lst day Of January and the LIST day,
said. bonds. and SAID instailment Of interest
SHAH be evide1ced by interest coupons at
aaeSed to sac zach Soad shall be for the
sue until i6f Ist day q july 1925, said
oce IL the tho cy nd lar G INDIANA
he d RfSDG coatcS 81 oGi his Office Speosa Rs
SSSrd day 81 J J1ly 1922 between the
pou ms sad cS con2Toer sn Shall theTe
upon award said bonds, or il he shall see
~ part or any number thereof 70 the
city ii V controler RS shall have the ri s6t to
postpoTe said award until a later date not
also the right 10 reject AIRY OF all bids and
proposals or any part thereof. and also the
a Esstd to p snS d5 Fl any %hd Pa or and e 20
number of bonds covered by such bid. eX.
eept only that no, bond shall be sold AZ
said city ' controller shall further have tbs
right in his judgment. ard discretion 70
award said bonds part to one bidder and
Each and every bid and proposal shall
be presented to the city, controller sealed.
fed check upon, some responsible bank IN
the City Of indianapolis. Indiana. payable
sum OF money which shall equal two and
one half ga per cent q, the face or
posed 70 be purchased. and in case, any
bid or proposal shall not be accepted and
there shall be no award of bonds there
unsuccessful bidder. or bidders. II there
Of the bonds upon any bid or proposal. the
certified check accompanying the same
treasurer who shall thersupon present the
same for payment and shall b,1 be entitled ot 70
the purchase and payment for the bonds
so ordered. and N for any reason. SAID
the CITY shall retain said check and shall
have the right TO collect the same for its
thereon when collected shall be taken aud
deemed as agreed and liduidated DAMAGES
for such breach Of contract. and as a pay
ment thereof to the city.
In case any successful bidder shall fail
TO compete the purchase OF bonds so or
dered and to pay for the same within the
time ana manner herein required. or which
may be prescribed by the CITY controller
posted by such bidder shall be taken,
considered and deemed as agreed ana llq-
Undated damages for the breach Of such
be taken and deemed as the payment ior
such damages and shalt be retained anq
held by said city for its Use. However, II
such successful bidder shall complete the
purchase of said bonds AWARDED 70 MN;
said proceeds of said certified check shall
thereupon be returned to such, bidder at
the option of the city controller az ths
time OF the Gompet;S9n OF th nro SIZE a nf
said certified check may be appl ed and
deemed a payment on account OF the pur-
The delivery fsr Of any bonds sold shall be
made at the office of the CITY treasurer OF
than the 9Sth day Of July. 1923, or at
such time or times as may be agreed upon
by the controller and the purchaser or
city controller may extend the time for
such delivery not more than ten (lOl DAYS
iipon as above provided and the. success
ful bidder or bidders shall take the bonds
Such nv u place and time, and any neglect or
commission to do so shall be a breach OF
account of which damages shall be re-
tanned or recovered by the city as nqui-
said bonds and the interest coupons
shall be NEGOTIABLE and PAYABLE 9t me ne
city treasurers office OF the CITY OF Oh lhq h,,
The mayor and city controller. and the
bonds shall be attested. by the civ clerk
City Controller OF the City OF Indian
apois Indiana.
IL. 1nOn