The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-19

fers will be held at the office of the Board
ridian street. indianapolis. Indiana, at
O'Clock ?. NJ. Tuesday. April 80. 1895.
THE BOARD OF SCHOOL COMMITS
SIONERS OF THE CITY OF INDIAN
BY A. B. GOOD. Business Director.
indianapolis, Indiana. April 19. 1885
OF INDIANAPOLIS GAS PLANT REVENUE
BOND OFFERING
Notice is hereby given that the under
ndsnap ps eK GSns bs a ct ns CITY If
Board of Directors for Utilities Of the
City of Indianapolis. Indiana, will on
Sours o 10 a. 4an and Il at ths
office in the City Hall in said city. receive
written sealed bids in appropriate form
Revenue Bonds in the aggregate pFinci r
OOol,. Such bids will be opened at noon on
there be sold to the highest bidder. be-
ing the maker. of the bid which will give
the City the lowest, interest cost for the
any and all bids being reserved. Each
bidder shall make a deposit Of One Hun
form of check certified BY q responsible
bank or trust company located in the City
Of Indianapolis: Indiana, or in the States
the order of the City Controller of the
City of Indianapolis. Indiana, such checks
to be returned to those bidders whose
cessful bidder fails to perform the terms
OF his bid the City shall retain the pro-
cee S OF his check as liauidated damages g.
the City Controller the bidder shall be
deemed to have agreed that the amount
of such liduidated damages is reasonable
The proceeds of such bonds are to be
used for the taking over certain property
owned by Citizens. Gas Company of In
terest, including the redemption or .ex-
tlngulshment of its capital stock and or
the tn payment Of certain Of its obliga-
CURED in connection Herewith. including
the expense Of the City INCIDENT to OBJ
purpose rnrI, Of making Certain betterments,
improvements. extensions and additions to
such property.
from the income and revenues of such
utility, property and are not to be an in
debtedness of the City payable out Of
denominations of One Thousand Dollars
each. and numbered consecutively. COM
mencing with |; They are to be register
terest. They are to be exempt from tax
alton as to principal and income as pre-
of their-principal and interest are secured
by charge upon all the revenues from
the operation of all of the gas system
Ygwned and/or operated by the City OF In
Said bonds are to be issued under the
authority of the Indiana statutes, incluo-
ter 81 of the Acts of 1881. and Chapter
125 of the Acts of 1888 as amended by
Chapter 81 Of, the Acts Of 1895 Of the
Said bonds are to become due at such
time or times. and in such manner with
such accompanying, partinent PROVISIONS,
accepted bid; but there shall be no bonds
maturing in less than two (2l nor more
than forty (4O) years from the date OF
The interest rate upon said bonds is to
be that fixed by the terms of the accepted
bid therefor. but shall not exceed five and
one-haf per cent per annum and shall
be evidenced by coupons attached to said
bonds, and PAYABLE semi annually a..
count unit in 0 excess Of i've " IS per sT cent.
Both bonds and interest coupons are to
be PAYABLE at the office Of the TREASURER
treasurer err Of the City Of indianapolis,
and or at such bank or trust company or
Office whether in India nar or IN
York. or elsewhere. as may be agreed
upon between said Board. and the success
full bidder for said bonds.
Said bonds are to be dated as OF such
date as may be agreed upon between said
Board and the successful bidder, not in
d Serial maturities for, said bonds.
but no bonds to mature IN less than thar. two
and the ultimate maturity, date to be be
tween twenty-nine (29) and forty (40l years
from their date Of issuance; the Git City
dred and Fifty Thousand Dollars (s450; OO0)
and not more than Five, Hundred Thou
specd IN the 3D. each year after the
first year from the date of said bonds.
out Of the revenues from the operation Of
and interest on said bonds to be available
therefor in such proportions as the bidder
may specify in his bid; or,
expiration of not to exceed forty (4O)
years from their date. of issuance. with
sinking provisions. towit; The city agrees ee
alton of said gas system to pay not less
than than $4,000 and not m3re than s2o4: OUO
fund to be specially applied to the re-
demption and payment on or before the
paid shall be deposited in a special ac-
count hereinafter more specifically re-
ferred to. The moneys in said account
to redeem bonds as follows: This Board
market at the then market price thereof
two per cent of the principal plus &C
crued interest--as many of the bonds as
can be so ACQUIRED by the moneys in sal, said
time to time in the discretion OF this
Board and for this purpose the Board
be deposited in said account for sinking
fund purposes: Or. in the discretion OF
general circulation printed and published
in the City of Indianapolis that it will
bonds to be purchased. and inviting offers
for the purchase OF said bonds at prices
to be named in said offers by the holders
thereof. in which event the Board may
accept the lowest of such offers. not ex-
ceeding in any event price equal to par
terest. and the bonds mentioned in the
offers so accepted may thereuDon be DUR
chased by this Board to the extent of
case this Board shall be unable to pur-
chase at a price not exceeding par plus
two per cent plus accrued interest. bonds
sufficient in number to permit the invest
ment of the money available for sinking
fund purposes within sixty DAYS after the
payment of any instalment Of sinking fund
then the Board shall cause a drawing by
lot to be held. to. result, in the selection
Of plumbers of said bonds in a quantity
per cent. thereof plus accrued interest to
absorb substantially all the available
moneys in said sinking fund account. and
the Board shall thereupon advertise the
number upon said bonds SO drawn in one
daily newspaper Of general circulation
printed and published in, the City Of In
dianapolis. Indiana. and in one daily
newspaper of general circulation printed
and published in the City Of New York.
weeks. and by such advertisement shall
require said bonds so numbered to be
presented for redemption at the place or
places where interest upon said bonds
may then. be payable. on day specified
in said advertisement, such day being not
less than thirty (30l DAYS from the date
of the first publication OF said advertise
ment: and such advertisement shall also
state that interest shall cease. to accrue
upon said day named therein for the re-
demption Of said bonds If any Of the
bonds so drawn shall be registered sim
liar notice shall be sent by this Board TO
the registered holder thereof at his adj
dress registered with the City, Controller;
Interest upon the bonds so drawn shall
cease accordingly on the day named in
said. notice and on or after said day said
bonds upon presentation and surrender
thereof with all unmatured coupons. shall
be paid at the Lrice Of par plus two per
cent thereof plus accrued interest to said
date. II any of the bonds so drawn shall
not be presented aud surrendered 70 the
paying agency on the day so fixed there
for the moneys remaining in the sinking
fund account applicable TO the redemp-
ton of such bonds shall thereafter be set
aside and remain. SEGREGATED in a special
trust for the redemption of such bonds
when the same shall be presented and
surrendered. All bonds purchased in
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