The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
NOTICE OF THE SALE OF BONDS OF
MADISON SCHOOL TOWNSHIP. ALLEN



COUNTY. INDIANA.
Notice is hereby given that sealed pro-
posals will be received by Herman F.
FRANKIE, Trustee of Madison School Town
ship, Allen County Indiana, at his office
located at his home, one and one-half
miles east of the village of Hoagland in
said township. until 10 O'Clock A. M. on
the 10th day of December 1885. for the
purchase of thirty-three f331 bonds of the
aggregate amount of Sl6.258.00, issued by
Madison School Township, Allen County.
Indiana. One Of said bonds to be of the
par value of $3.50 co. and the remainder
OF said bonds to be of the par value of
Five Hundred (S500.00J Dollars each. and
Is: o. Sa'o 0on0S TO De 0a'e0 December 10
Bidders for said bonds shall be required
to name the rate of interest which the
bonds will bear, not exceeding Four 49,
per annum. Such interest rate must be
in multiples of one,,quarter of one per
cent and not more than one interest rate
| shall be named by each bidder.
Said bonds shall be awarded to the high
units herewith. The highest bidder will
be one who offers the lowest net interest
cost: to be determined by computing the
total interest on all of the bonds to ma
turity and deducting therefrom the prem
jun bid, if any. Accrued interest on the
bonds viii be computed on the basis of the
bid rate accepted.
of nineteen 49, months on all of said
bonds, shall be payable July IS. 1887, and
until said bonds are paid.
One bond of s258O0 and one bond Of
$4,000 shall become due and payable July
IS 1887 and one of said $4,000 bonds
shall become due and payable January
18th and July 18th of each year until Ten
paid july 18th. i947. then two bonds Of
$4,000 each shall become due and pay
able January 18th and July 18th Of each
year until Four Thousand $4,000 00i Dol
lars has been paid July 18th. 1919 and
then two Of said Eve Hundred $500 00l
Dollars shall become due and payable
January IS 1850, and one Of said s500.o0
bonds shall become due and payable July
18th. 1850. Bonds and principal and in
terest to be paid at the First State Bank
of Hoagland Indiana
Said bonds are issued for the erection
and construction of a new gymnasium and
the remodeling of the present consolidated
school in Madison School Township. Allen
County. Indiana. in pursuance to Section
65-313. Burns Annotated Indiana Statutes.
Revision of 1893. and all acts supplement
tary and amendatory thereto. and in pur-
suance 10 a Resolution Of the Advisory
Board Of said School Township, passed az
special meeting Of said Board on the
l4th day Of october. 1885. authorizing the
Trustee to borrow s162530O for the pur-
pose set forth and issue and sell bonds
for said purpose.
Said bonds will be sold to the highest and
best bidder for cash and for not less than
the par value. The right TO reject any and
ell bids is reserved by said Trustee. Sale
of bonds is further upon the condition
that the Public Works Administration OF
the United Stst grants to Madison
School Township. Allen County. Indiana
a sum euuivalet to 45r, of the cost of the
construction Of said gymnasium and the
remodeling of said consolidated school.
The accepted purchaser or purchasers
of said bonds shall paw for the same on
or before the date Of the Bonds and upon
payment therefore said bonds shall be
delivered to the purchaser or purchasers
thereof
Proposals must be endorsed bid for
School Purpose Bonds Of Madison School
Township Allen County. Indiana" and
shall be ACCOMPANIED by certified check
payable 10 the Trustee of said Township
If 500, of the par value Of said bonds bid
for The amount of said check to be re-
tanned by said Trustee. If said bidder or
bidders shall not carry out the proposals
made.
HERMAN ?. FRANKIE
Trustee Of Madison School Township.
Allen County Indiana.
WILLIAM FRUECHTENICHT.
Attorney for Trustee.