The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-11
LIE GALS
IS Legal Notices

/ 90 Legal NotlceS
! for the payment OF certain OF rs obligs-
tons and for the necessary expense IN
Cured IN oonneciion there WITH. :nciuoi ~.
/ tanning such funds. as we'll as for the
/ purpose OF making certain bettermentS.
! Improvements. extensions and additions
SAID bonds are TO be payable solely from
/ the income and revenues OF such Utility
Of the City payable out OF taxes. Said
( Oo1Qs are TO be issued IN denominations
Of one Thousand Dollars each. and num-
| nered cOnsecUtTely. commencing with !.
oipai, but not as to interest. They are to
and 'f aoom. 5Gm s. IL. DITadiP
| statutes. Payment Of their principal and
| interest are secured BY a charge upon all
| the gas system owned and or operated by
the City Of Indiana polls
SAID bonds are 70 be issued under the
] authority OF the Indiana statutes includ-
ter 81 OF the Acts Of 1881. aad Chapter is
| ter 81 Of the Acts OF 1895 OF the Genera
Assembly OF the State Of Indiana tthe
latter having been House Bill 1867.
] SAID bonds are 70 become due al such
time or times and in such manner with
as shall be specified by the terms Of the
| maturing in less than Two q nor more
than forty C4Oj years from the date OF
The interest rate upon said bonds is
ceed 0hve and one-half percent per annum
tached, to said bonds and PAYABLE semi
SAID bonds are not to be sold at a
discount in excess OF fve 81 per cent.
be payable at the office of the Treasurer
treasurer Of the CITY Of Indianspolis
or Office. whether in indianapolis. or II
Chicago, Illinois, or New York City. New
on between said Board and the success
full bidder for said bonds. or IN the ao'
sence of such an agreement specified By
Said bonds are to be dated as Of suct
date as NAV be agreed upon d 3eI~een SAG 11
consistent with law.
Bids shall specify also either:
| 81 Serial maturities for said bones
but no bonds to mature IN less than two
~ wears from the date OF their issuance
and the Ultimate maturity date TO be pc
[ yeaf5 f T0gH' their date Of Issuance tR
CITY TO- agree, TO pay not less tnan ,o Eoq Il
$3.50 Oo0l and not more than, FIVE Hun
dred Thousand Dollars $500. 0o0. n.
year after the nrst two wears from tn
date OF said bonds. out Of the revenues
from the operation Of such gas system tait
bonds 10 be available therefor in sucE
proportions as the bidder may specify II
'''1 ~ The maturity of said bonds at tn
expiration of not to exceed forty l4U
years from their date OF ISSUANCE, WIZ
sinking fund provisions, toWlt: Inc Clt.
agrees to pay out of the revenues iron
the operation Of said gas system, not les
than $50. 900 and not more than SzV0,OO'
each year after the first TWO years iron
the date of said bonds into sinking 1un'
to be specially applied TO the redemptol
and payment on or before the matuLlti
of the bonds. The moneys so pald shal
be deposited in a special account hereln
after more specifically referred TO. TIT
moneys N said account for sinking runs
purposes shall be used to redeem pong
as follows: This Board may cause TO b.
purchased in the open market at the tnel
market price thereof-but not in any even
to exceed par plus two per cent OF thu
principal plus accrued interest-as man,
of the bonds as can be so acquired by TN
moneys in said account for sinking tun'
purposes from time TO time IN tne a!s
erection of this Board and for THIS pur
pose the Board may use any adoltlona
funds that may, be deposited in SAID &C
the discretion of this Board, 1t may cauS
| notice to be published IN one or NOR
daily papers of general circulation printed
and published in the city OF lnolanapon
that it will cause at time and .plac'
named therein, bonds to be purchased. ant
inviting offers for the purchase OF SAT-
bonds at prices to be named in said offer
by the holders thereof in which event TN,
Board may accept the lowest OF sucl
offers, not exceeding in any event prlc
equal to par plus two per cent thereo
plus accrued interest. and the bonds men
toned in the offers so accepted may there
upon be purchased by this Board to tn
| extent of moneys in said sinking fund
in either case this Board shall be un
able to purchase at price not eXceeoinl
par plus two per cent plus accrued in
terest, bonds sufficient in number 10 per
nit the investment of the money avail
able for sinking fund purposes within sixt'
days after the payment OF any inStalnen
of sinking fund moneys into said accoun
or accounts, then the Board shall caus
drawing by lot to be held. to result j.
the selection Of numbers OF SAID oonos II
a quantity sufficient at the price OF pa
plus two per cent. thereof plus accrue'
| interest to absorb substantially all tn
available moneys in said sinking fund ac
count, and the Board shall thereupon ad
vertse the number upon said ponoS S
drawn in one daily newspaper OF genera
City of indianapolis, Indiana. and in on
daily newspaper of general circulation
, printed and published in the City Of Ne,
York, New York, once a week for tw
} successive weeks and by such advertise
ment shall require said bonds SO mum
bered to be presented for redemption a
, said bonds may then be payable on
day specified in said advertisement, sue
, day being not less than thirty 300 day
from the date of the first publication. o
said advertisement; and such advertise
ment shall also state that interest sha
cease to accrue upon said day name
If any of the bonds so drawn. shall b
registered. a similar notice shall be sen
: by this Board to the registered holde
: thereof at his address registered with tn
2 City Controller. Interest upon the bond
so drawn shall cease accordingly on tn
day named in said notice and on or afte
; and surrender thereof with ali immature
! coupons shall be paid at the price OF pa
plus two per cent thereof plus accrue
SO drawn n shall shall not be presented an
surrendered to the paying, agency on tn
] day so fixed therefor, the, moneys re
plicable to the redemption of such bono
shall thereafter be set aside and renal
5 segregated in special trust for the re
e shall be presented and surrendered.
bonds purchased in either such manne
or so redeemed shall forthwith be can
! celled and become void for every pur
1Sj Either Of said alternatives. togethe
: with provision permitting any oonc
5 ten years from the date Of their issuanc
to be called and paid by the City at an
! interest paying date at such price as ma ma
= be agreed upon between the Board an
= the successful bidder.
I The City agrees to, FIX, maintain an
collect reasonable and lust charges rye nj, 10
g all pertinent provisions Of law includin
$ the requirement of CHAPTER 100 Of tn
hT W. W. 81 that Reasonable and ju;
charge shall be such as produces sufficier
! revenue to pay, among other things. IN
! teres upon bonds. provide a sinking fun
for liz idation Of bonds. MAINTENANCE
. costs. operating charges. adequate fund
for working capital repairs and upkeel
: A copy Of the Resolution of the Boar
4 Of Directors for Utilities Of the City {
4 Indianapolis, Indiana. dated May 7. 1893
+ | authorizing such bond issue, may be ez
amined BY any interested person upo
= application TO the undersigned.
S WALTER C. BOETCHER
. City Controller,