The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1926-05-11
PUB LIC NOTICE..
Issuance of School and Improvement
Bonds.

OOtt0Ss
NOTICE OF SALE
CITY OF PLEASANTVILLE,
NEW JERSEY,
$23S,00 0 BONDS.
NOTICE is hereby given that seal
ed proposals will be received by the
Common Council of the City OF
Pleasantville, in the County of At
bers, in the City Hall in said City,
on the 18th day of June, 1926, at eight
o'clock p. NJ. daylight saving time)
for the purchase of the following
described bonds of said City, to-wit:
Not exceeding $23S. 900 bonds OF
said City, dated June l, 1926, of the
denomination of 81, 900 each, bearing
interest at the rate Of five %percentum
per annum payable semi-annually
December l and June l, and matur-
ing $1,000 on June LIST in each of the
years 1927 to 1914, both inclusive,
$4,000 on June LIST in each of the
years 1915 to 1851, both inclusive,
Z 1000 on June list, in each of the
years 1852 to 1868, both inclusive.
The total amount of bonds autho-
rized to be issued is $23S, 900 and
bonds will be sold in an amount not
exceeding such sum. Said bonds will
not be sold for less than par value
and accrued interest to date of de-
livery. The sum required to be OBJ
tanned upon the sale of the issue is
1898, 900.
The right is reserved to reject all
bids, and any bid not complying with
the terms of this notice will be re-
jected. Unless all bids for said
bonds are rejected, said bonds will
be awarded to the bidder or bidders
complying with the terms of ale and
Offering to pay not less than the
amount required to be raised namely
the sum of $23S, 900 and to take
therefor the least amount of bonds
commencing with the first maturity
above mentioned and stated in a
multiple of one thousand dollars, and
if two or more bidders offer to take
the same amount of such bonds, then
to the bidder or bidders Offering to
pay therefor the highest additional
! price. No more of said bonds will be
/ sold than will produce the amount
| required to be raised thereby, name
ly the sum of $685. 600 and an addi-
tional sum, if any, of less than. one
thousand dollars. In addition to the
price bid the purchaser must pay
accrued interest on the bonds to the
date of delivery.
Said bonds will be payable in gold
coin of the United States of the
present standard of weight and fine
ness or its equivalent in lawful mon
ey of the United States at the Pleas
antville National Bank of Pleasant
vile, New Jersey, and the Pleasant
vile Trust Co, of Pleasantville, New
Jersey, and will be coupon bonds
with the privilege of registration as
to the principal only or as to both
principal and interest.
Bidders must enclose their bids in
sealed envelopes addressed to Nehe-
miah Andrews, City Clerk, Pleasant
vile, New Jersey, and each bid must
be accompanied with a certified
check drawn upon an Incorporated
bank or trust company to the order
of the City of PleaSantville for two
percentum of the face amount of
bonds bid for to secure the City
against any loss resulting from the
failure of the bidder to comply with
the terms of his bid. No interest
will be allowed on the amount of
such checks. Checks of unsuccessful
bidders will be returned or the
award of the bonds.
The purchaser will be furnished
with the approving opinion of Messrs.
Clay & Dillon of New York City,
without cost.
$1S8, 600 of the above mentioned
bonds are School Bonds, maturing
SIS, 900 on June LIST in each of the
years 1927 to 1914 both inclusive, and
81, 900 on June list in each of the
years 1915 to 1858 both inclusive, and
the other $50, 600 bonds are Improve
ment Bonds maturing $4,000 on June
1st in each of the years 1927 to 1851
both inclusive.
BY order of the Common Council.
Dated, Pleasantville. N. j., May
Bird, 1926.
NEHEMIAH ANDREWS,
City Clerk.
FURTHER RESOLVED that seal
ed proposals will be received for said
bonds by the Common Council at
Council Chambers, in the City Hall,
'Pleasantville, New Jersey, on June
7th, 1926. ht eight o'clock p. M.
daylight Saving Time).
NH LnAII NJ ANnD EAyS