The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1926-04-16
SALE OF 100000 OF
SCHOOL BONDS of the

Borough of Linwood, New Jersey.
NOTICE is hereby given that on
the Fourth day of May, 1926. at eight
o'clock p. NJ, eastern Standard
the Borough of Linwood, New Jer-
sey, will receive sealed proposals at
the office of the Board of Education.
in Borough School House No. i, Bell
Haven Avenue, Linwood, New Jer-
sey, for the purchase of the follow
ing described bonds of said school
district, to wit:
Not exceeding 100000 of bonds dat
ed January /, 1926, denomination of
81 900 each. maturing $4,000 on Janu-
airy /, 1928, and $4,000 on January l
of each of the succeeding years to
and including 1854, and $4,000 matur-
ing January l, 1865. and $4,000 De-
cember 1, 1855, and bearing interest
at the rate of five per centum per
annum, payable semi-annually Janu-
airy list. and July LIST. in each year
The total amount of bonds autho-
rized to be issued is 100000 and the
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. The sum re-
quired to be obtained upon the sale
of said bonds is 100000.
The right is reserved TO reject all
bids, and any bids not complying
with the terms of this notice will be
rejected Unless all bids for said
bonds are rejected, said bonds VIII
be awarded to the bidder or bidders
complying with the terms of sale and
offering to pay not less than the
amount required to be raised, name
ly, the sum of 5000 and to take
therefor the least amount of bonds
commencing with the first maturity
above mentioned and stated in a
IL, ..Fo
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 as
above stated and an additional sum
of less than 1000. 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 both as
to principal and interest at the At
lantic Safe Deposit and Trust Com
pany, of Atlantic City, N. j., in gold
coin of the United States of the
present standard of weight and fine
ness or it's equivalent in lawful mon
ey and will be coupon bonds with
the privilege of registration as TO
principal only or as to both princi-
pal and interest.
Bidders must enclose their bids in
sealed envelopes addressed to James
Parish, District Clerk, Linwood, n.
j., and each bid must be accompani-
ed with a certified check drawn upon
an incorporated bank or trust COM
pany to the order of the Board of
Education of the Borough of Lin
wood, N. j., for two per centum of
the face amount of bonds bid for to
secure the said Board 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 on the award of the
bonds.
The proceedings authorizing the
issuance of the said bonds We're APP
proved by Edward l.. Katzenbach,
Attorney General of the State of New
Jersey, on January Is, 1926.
BY order of the Board of Educa-
ton of the Borough of Linwood.
JAMES PARISH,
District Clerk.
Dated April 9Th, 1926. 1t