The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-01-01
NOTICE OF THE SALE OF BONDS OF
THE CITY OF INDIANAPOLIS. IND.

NOTICE OF The SALE Of bONLS VI
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 1st day OF FeoruaLLy' U I'D,
Three Thousand (S43.O0O.00) Dollars OF
bonds of the City of indianapolis. Indiana.
nicipal BRUCE Bonds Of 1926" and will DC
Oated the LIST day OF January. 1925. Said
ponds will be Forty three t43) in number.
Dollars each with interest coupons az
tached Said bonds will bear interest at
the rate OF four and one-half an per
cent per- annum. payable semi-anRua.iy on
the first day OF January and the nrst day
or july of each year OF the period OF SAID
BONDS and said installnlents CT interest
shall be evidenced by interest coupons at
tached TO said bonds. The first coupon OF
each bond will become due and payable
be for interest on said bonds nom the
date of issue tc said date. Two t2) Of
said bonds shall mature and be payable
al the rate of Two Thousand 80 .O00.CO)
Dollars each year Tor Seventeen 40 years
oeginIing with Jan l. 1928. ana do Three n6t
Dollars each for three go years beginning
Jan. l. 1915. Both principal and interest
u Te of the CITY vac of Indanapos Ind and
constitute an obligation OF the City OF In
annapolis.
said bonds shall be Endorsed Bids for
Municipal Bridge Bonds OF 1926, and di-
rected TO the City Controller, Indianapolis.
Ind. Bidders may bid Tor all or any part
The proposals or bids will be opened by
the City Controller at his office on the
st day of February 1926. between the
hours of IL o'clock noon and 2 o'clock
y. m. and said City Controller shall there.
uDon award saio bonds or If he shall see
fit, a part thereof to the highest aud best
bidder therefor. provided that said Con-
t tr2ller shall have the right to POSTPONE
the Eleventh (l1th) day of February.
1925. and provided also that said City
Controller shall have the right TO reject
fry OF all bids or proposals or any part
thereof and shall have the right TO ac-
ceDt eny part OF any bid. and to award
Der of bonds covered by said bid. except
ing only that 70 bonds shall be sold for
less than par and sScGrusd interest and
right in his judgment and discretion TO
award part of said bonds to one bid
Each and every bid or proposal shall he
some responsible bank of the City of In
of the City Treasurer for a sum of money
equal TO two and one-half f21S) per cent
OF Of the face or par value of the bonds. hid
case any bid or proposal shall not be ac-
ceDted and there shall be no award OF
bonds thereon. the certified checks accom-
panying the same shall thereupon be re-
turned to such bidder 1r bidders, II there
shall be awarded the whole or any part of
certified check accompanying the same
shall thereupon be delivered to the City
same for p wnD Snai toereIp9n preseht tne
collect the same and hold the proceeds
collected thereon until the completion of
awarded and il for any reason said check
city shsll retain said check and shall have
the rfght to collect the same for its own
use. and said check and proceeds thereof
when collected shall be, taken and deemed
breach OF contract and as a payment
In case any. successful bidder shall fail
to complete the purchase of bonds go
awarded and to nay for the same within
the time and manner herein required or
troller. the proceeds of snch certified
check deposited by. such bidder shall be
taken considered and deemed as agreed and
BIDDERS contract OF purchase. ca and shall shall
be taken and deemed as a payment to the
city for such damages. and shall he re-
However. 4 such SUCCESSFUL bidder shall
complete the purchase Of said bonds
tilted check shall thereupon be returned
City Controller. at the time Of the > com.
Bsnd said ns Of fG ad DOR rhss
may be applied and deemed a payment on
account of the purchase OF said bonds.
The bonds awarded win be- delivered at
the office of the City Treasurer of Indian.
arolis. Ind, on the 1st day lof February.
1926, or at such time or fines as may
on the day bids are opened and award
however. to be made within thirty. 600
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 place and time; and any
be a breach of the bidders contract Of
bid or, proposal on account of which dam
ages shall be retained or recovered by the
CITY of Indianapolfs "a lnuidated az here
tofore set out.
Said bonds are offered for sale under
and by virtue of the provisions of an Act
Of the General Assembly of the State OF
Indiana. entitled.
IAN Act concerning Municipal Corpora
tons. approved March 9. 1905" and all
acts amendatory thereof andl supplemental
thereto.
And pursuant to Miscellaneous Resolution
No. 316 of the Board of Public Works OF
the City of Indianapolis. Ind. and to an
Ordinance of the Common Council of the
CITY Of indianapolis. Ind passed on the
"1st dav of December. 1925 directing the
undersigned to issue andA sell said bonds
for the purpose herein setlout.
JOSEPH I. HOGUE.
CITY Controller of the City of Indianapolis