The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1925-07-09
NOTICE OF BOND sHTE
DEPARTMENT 9 HiiT c1 OF. EEd[NNAASSCcEi OFFICE
CITY HALL. INDIANAPOLIS. IND.

Notice is hereby given thai in pursu-
a aaGe e the pIr99yyisions of General ordi-
II9 aJ5 passed or the 10Th day Of June,
10th DAY of June. 1925. the Enalersicned
city controller Of the City of ,Indianapohs
X o clock noon oil, Thursday. July 23.
1929. three hundred eighty five thousand
bonds of 1925 of the City of fnGianapo-
lis, payable from the general fund or the
required by law. said bonds being three
hundred eighty-fve IN number. and in de-
dollars each, all bearing the date of July
l. 1929. Three hundred eighty $500 OF
said bones shall mature and be payable at
dollars dollars. in each year for nineteen 90 con
ICY snd dee ends N me year "a s6d
the remaining five t5) of said bonds shall
mature ana be payable m the year end,
at the rate OF an ~ four and one-half
per cent per anLun,. PAYABLE semi annually
of July OF each year for the period of
SAID bonds and said install ment of interest
tached to said bonds. The first coupon
attached TO each bond shall be Tor the IN
crest On said bond fron the date Of e;
bonds and interest coupons shall be ne
g3Stable and payable A. the city trens1Hregs
The proposals or bids will be. opened by
tho city controller. at his office on the
hours of 10 O'clock noon. and : o'clock
D. m. sad city controller. shan there
1T bart or IAN any mum Humber thereof to the
highest and best bidder therefor. but said
city controller shall have the. right to
| beyond the, 2Sth day of July. 1925. and
also the right 70 reject airy or all bids and and
award ware u upon so8'p any sid the Whole or less
cept only that no. bond shall be sold az
les, than par and accrued interest, ana
r'ght in his Judgment and discretion TO
1wtrd said bonds part TO one bidder ami
Each and every bid and proposal shall
be presented IN the city controller sealed
and shall be accompanied by duly ccrti-
fed check upon some responsible bank IN
the City Of Indianapolis Indiana. payable
to the order OF the city treasurer Tor the
sum OF money which shall equal two and
ne-half 80 y } per cent OF the face or
par valHe of the bonds bid for or pro-
posed TO be purchased. and in case any
there shall h be no I award Of bonds there,
| on. the certified check accompanying the
unsuccessful 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 who shall thereunon present the
collect the same and hold the proceeds
collected thereon until the completion Of
the purchase and payment for the bonds
so ordered. and If for any reason, said
check shall not be paid upon presentations
have the right TO collect the same for its
own use and said check and proceeds
thereon when collected shall be taken ana
for such breach of contract. and as pay
ment thereof to the city. 80,
In case any successful bidder shall fail
to compete the purchase of bonds so or
| dered and TO pay for the same within lhe
may be prescribed by the city controller
the proceeds of such certihed check De
posted by such bidder shall be taken,
considered and deemed as agreed and liq-
Undated damages Tor the preach o. SUCH SUCH
be taken and deemed as the payment Tor
such damages and shall be reclaimed ahu
held by said city t2T It's USE cd h9%eter me
| purchase of said bonds awarded TO him;
said proceeds OF said certified cheek shall
| khereupon be returned TO such bidder az
I the option of the city controller az the
payment for the bonds said proceeds Of
said certified check may be applied and
deemed q payment on account OF the puf-
c"TTlhe The doliye s OF any bonds sold shall be
made at the office of the city treasurer OF
tie City of indianapolis. indiana; not later
sush time or times as may be agreed upon
| by the controller and the purchaser or
c 3iqyeH Controller may extend the time FOR
such delivery not more than ten Slul day5
after the day or days specineu or agrstti
| upon as above provided and the, success
| III bidder or bidders shall take the bonds
awarded them and pay for the same at
such place and time. and any neglect neglect OF OF
| tbe bIdd,rs contract of bid or proposal or
account Of which damages o shall be ion re-.
tanned or recovered by the Guy as hdul
Said bonds and the, interGst, COUPONS phs
| anapolis' indiana and shall be signed by
| the mayor and city controller. ana tne
ooiius sha' '' JOS. l.. HoGUE.
CITY Controller of the City of Indian
apolis. Indiana.