The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-05-05
TRY OUR MAJOR COAL.
COAL co. Ran. 412e
Legal Notices
90

NOTICE OF SALE OF BONDS OF THE
CITY OF INDIANAPOLIS, INDIANA:
Notice is hereby given that sealed bids
the City of Indianapolis until . o'clock
noon on the 2Sth day of May, 1926. for
the whole or any part Of the TIVE 900 H 661
PAL DEBT BONDS OF 1926, and will be
bonds will be two hundred and ten (21O)
in number, and viii be for One Thousand
coupons attached. said, bonds will bear
interest at the rate of four and one-half
(412 So) per cent per annum, payable
and the first day of July of each year of
ments of interest shall be evidenced by
interest coupons attached to said bonds
The first coupon of each bond will become
due and payable on the first day OF July;
bonds from the date OF issue to said date
Seventy 900 of said bonds, amounting to
the sum of Seventy Thousand tS7O00O.00)
the first day Of January, 1928, and seventy
/ t70l bonds, amounting TO the sum OF Sew
enty Thousand $4,000 OO) Dollars. shall
January. 1929. and seventy t70) of said
bonds shall mature and be payable on the
and interest are payable at the office of the
City Treasurer OF the City Of Indianapolis,
Indiana, and constitute an obligation of
the City OF indianapolis.
Bids or proposals for the purchase Of
said bonds shall be endorsed MUNICIPAL
DEBT BONDS OF 1926 and directed to
the City Controller Indianapolis Indiana.
Bidders may bid for all or any part OF
The proposals or bids will be opened by
the City Controller at his office on the 2Sth
day OF May, 1926. between the hours OF
l. O'Clock noon and , o'clock D.. m, and
the said City Controller shall thereupon
award said bonds. or If he shall see mt,
part thereof. TO the highest and best Did
der therefor. provided that SAID Controller
shall have the right TO postpone SAID
award until a later date not beyond the
9TH day OF June. 1926. and provided also
that said City Controller shall have the
right to reject any or all bids or proposals
or any part thereof, and shall have the
right to accept any part of any bid. and
to award upon any bid the whole or any
less number Of bonds covered by sald blu,
/ excepting only that no bonds shall be sold
Tor less than par and accrued interest, ana
said Controller shall further have the night
in his Judgment and discretion TO award
part of said bonds to one bidder and
part to another.
Each and every bid or. proposal shall
be accompanied by n certified check upon
some responsible bank OF the City OF In
dlanapOns, Indiana, payable to the order OF
the City Treasurer. for a sum OF money
: equal TO two and One-hal (2 y TO- per
cent of the face value of the bonds bid
Tor. and in case any bid shall not be ac-
cepted and there shall be no award OF
bonds thereon, the certified check accom-
panying the same shall thereuDun be re-
turned to such unsuccessful bidder or bid
ders. II there snail be awarded the whole
or any part of the bonds upon any bid or
proposal a certified check accompanying
the same shall be delivered to the City
Treasurer who shall thereupon present the
/ same for payment and shall be entitled TO
collect the same and hold the proceeds
collected thereon until the completion OF
| the purchase and payment Tor the bonds
so awarded. and If for any reason said
check shall not be paid upon presentation
the City shall retain said check and shall
have the right to collect the same for its
own use. and said check and proceeds
thereof when collected shall be taken and
deemed A Inundated damages
for such breach OF contract. and as a pay
ment thereof to the Citya
In case any successful bidder shall tall
to complete the purchase of bonds so
awarded and TO pay for the same within
the tlme and manner herein required, or
Whlch may be prescribed by the City
Controller. the proceeds of such certified
check deposited by such bidder shall be
taken. considered and deemed as agreed
and lquidated damages for the breach of
bidders contract of purchase and shall be
taken and deemed as payment to the
CITY Tor such damages. and shall be re-
tanned and held by said City for its use.
| However. II such successful bidder shall
/ AWARDED 10 him said proceeds OF said GER
Tined check shall thereuDon be returned
To- such bidder or at the option OF the
City Controller at the time of the com
pletion of the sale and payment for the
ponds. said proceeds of said certified check
may be applied and deemed a payment on
| account OF the purchase of said bonds.
me bonds awarded will be delivered at
| the Office Of he City Treasurer of Indian
1926, or az such time or times as NAV on
the day bids are opened and awarded be
agreed upon, all such deliveries however
10 be made within twenty days of such
award. and the successful bidder or bid
ders shall take and pay for the bonds
| AWARDED TO him or them at such place
ana time. And any omission neglect or
refusal so to do shall be a breach OF the
/ bidders contract of bid or proposal on
account of which damages shall be re-
tanned or recovered by the City as liqui-
dated damages as heretofore set out.
SAID bonds are offered for sale under
ana by virtue Of the provisions OF an
Act OF the General Assembly OF tho State
or Indiana, approved March g. 1905 en-
porations' In Cities OF the first class re
healing conflicting laws and all acts
amendatory thereof and supplemental there
To-; directing the undersigned to issue and
sell bonds for the purpose herein set out
,i.-- WILLIAM C. BUSER