The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-04-28
Legal Notices
40

the City Controller at his office on the 2Sth
day of May. 1926. between the hours OF
IL o'clock noon and = clock D., M, ana
the said City Controller shall thereupOn
award said bonds. or if he shall see nj, a
part thereof, to the highest and best bid
der therefor, provided that said Controller
shall have the right to postpone salu
award until a later date not beyond Ihe
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 old. ana
to award upon any bid the whole or any
less number of bonds covered by said BID;
excepting only that no bonds shall be SOLD
for less than par and accrued interest. ana
said Controller shall further have the right
in his judgment and discretion to award
a part of said bonds to one bidder and
part to another.
Each and every bid or proposal shall
be accompanied by a certified check upon
some responsible bank OF the City OF IN.
dianapOns Indiana, payable to the order OF
equal TO two and One-han e. y 20 per
cent of the face value OF the bonds bid
cepted and there shall be no award OF
bonds thereon. the certified check accom-
panying the same shall thereupOn be re-
turned to such unsuccessful bidder or bid
ders. If there shall be awarded the who.e
or any part of the bonds up4l any bid or
the same shall be delivered to the City
Treasurer. who shall thereupon present the
same for payment and shall be entitled TO
I
| 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 as agreed and liquidated damages
| for such breach of contract and as pay
ment thereof TO the City.
In case any successful bidder shall fail
| to complete the purchase OF bonds so
| awarded and to pay for the same within
| the time and manner herein required or
which may be prescribed { by the City
Controller the proceeds of such certified
check deposited by such bidder shall be
taken. considered and deemed as agTet d
ana liquidated damages for the breach OF
| bidders contract of purchase and shall be
taken ana deemed as payment TO 'the
| City for such damages. and shall be re-
tanned and held by said City for its use.
However, If such successful bidder shall
/ complete the purchase OF said bonds
awarded to him said proceeds of said GER
titled check shall thereupon be returned
70 such bidder or al the option of the
! city Controller. at the time of the com
| pletion OF the sale and payment for the
| bonds, said proceeds of said certified check
may DC applied and deemed payment on
/ account OF the purchase of said bondg
The bonds awarded will be delivered al
the once OF he City Treasurer of Indian
apols, Indiana on the LIST day of June
l92h, or al such time or times as may on
| the day bids are opened and awarded be
! agreed upon all such deliveries however,
]
/ ward. and the successful bidder or bid.
| ders shall take and pay for the bonds
/ awarded to him or them AT such place
4 ana time. And any omission neglect or
/ refusal so to do shall be q breach of the
/ bidders contract of bid or proposal ON
| account Of which damages shall bc re-
/ tanned or recovered by the City As Hqui-
/ dated damages as heretofore set out
Sald bonds are offered for sale under
| Act OF the General Assembly, of The state
/ OF Indiana. approved March g. 1908. en-
/ Titled An Act Concerning Municipal Cor
/ poratlons IN Cities of the first class re-
/ pealin- conflicting laws and ali acts
amendatory thereof and supplementalVhere-
To-: Qlrectlng the undersigned to ISSUE and
WILLIAM c. BUSER.
City Controller City of Indianapolis Ind.
NOTICE TO TAXPAYERS OF THE CITY
OF iNDIANAP0LIS OF THE DETER
MlNATION TO ISSUE BONDS FOR THE
hR6En 6G$$E6 ron THE faE 'i FHYM NRRNSFFl dP
CORPORATE DEBTS OF SAID CITY
fHE First DAY or CJfHHNhtPARY YEt 1873 84{
BE66 The LAST PRECEDING ADMINS
I OF the city OF indianapolis. state of IN
diana. that the city of INDIANAPOLIS by
/ ana through its common council. by Gen
! on the 9th day Of April. 1926 and APP
| proved by the mayor on April $. 1896
/ determines to issue two hundred and ten
4
| bonds OF the denomination of one thou
sand 81 100000 dollars each amounting
| 10 two hundred and ten thousand tS21O.-
| OOp OOl dollars. said bonds 10 be known
! as MUNICIPAL DEBT BONDS OF 1926.
said bonds viii be- issued in three series
| as follows. The first series shall be for
seventy tsOl bonds of one thousand
81 600 OuD dollars each The second
series shall Dc Tor seventy isO1 bonds of
one thousand Isl 900 OOl dollars each
/ The third series shall De for seventy tsOi
/ bonds of one thousand t~i 900 O0l dol
| lars each. The first series shall mature ON
oud series on the first day of January
! 1929. and the third series ON the first day
| Of January. 1890.
Sand bonds shall bear interest at the
| rate ot four and oUe-hslf tttq ecl per
| cent nor snuum. PAYABLE scmi-anuually
| SAID bonds are ISSUED FOR the purpose "
! procuring money to be used for the pur
| pose of tho payment of corporate debts o.
I said rity accrued or incurred before the
first day Of January 1926. hv the last pre-
cCding administration.
All as provided for and authorized 10y
the act Of the General Assembly o. the
state cntifcl. "AN ACT CONCERNING
MUNICIPAL CORPORATIONS. AP-
amendatorv thereof and supplemental
/ thereto and fNiuc a time whCn the same
| shall take effect.
Unless on cotton Is mad" bv Tho tau
/ PAYERS. other than those who nay pol
/ tax only. IN tho manner prescribed by law
| the ctv coutrallor Will pursuant to said
/ determination and order proceed To Gauss
sa'd bonds I'M SAID amounts To be issued
and sold for the puruOSo herein set out.