The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-12
NOTICE
OF INDIANAPOLIS GAS PLANT REVENUE
BOND OFFEPIN

BOND OFFERING
| Notice is hereby given that the under
| signed as City Controller of the City oil
indianapolis. Indiana, by authority of the
Board Of Directors for Utilities Of the
Monday. April 29th. 1885, between the
hours of 10 a, m. and II noon. at his
| office in the City Hall in saio city. receive
| written sealed bids in appropriate form
| for an offering of Indianapolis Gas Plant
Revenue Bonds, in the aggregate principal
amount of Eight Million Dollars $1,000
| 000l. Such BIDS will be opened at noon on
| said date and such bonds will then and
| 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
moneys so borrowed the right 10 reject
any, and all bids being reserved. Each
| bidder shall make a deposit of One Hun
| dred Thousand Dollars 100000 in the
form of a check certified by a responsible
bank or trust company located in the City
OF Indianapolis. Indiana. or in the States
CT New York, Illinois or Ohio. payable to
| the order of the City Controller Of the
to be returned to those bidders whose
checks are not accepted In event a sue
cessful bidder fails TO perform the terms
of his bid. the City shall retain the pro-
ceeds of his check as liuuidated damages
and by making deposit of such check with
the City Controller the bidder shall be
deemed to have agreed that the amount
of such liauidated 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
RNA+o
terest. including the redemption or ex-
tinguishment OF It's capital stock and or
Tor the payment OF certain OF It's obllga-
| tons and for the necessary expense in
CURED in connection Herewith. including
the expense Of the City INCIDENT to OBJ
purpose Of making certain betterments.
Improvements, extensions and additions TO
Said bonds are to be PAYABLE solely
from the income and revenues Of such
utility property and are not 70 be an in
debtedness Of the City PAYABLE out Of
taxes. Said bonds are to be issued in
denominations Of One Thousand Dollars
each. and numbered consecutiyely. COM
mencing with l. They are to be register
able as 10 principal but not as 70 in
terest. They are to be exempt from tax
alton as to principal and income as pre-
scribed bY the Indiana statutes. Payment
Of their principal and interest are secured
BY a charge upon all the revenues from
owned and/or operated by the City Of In
said bonds are to be issued under the
authority Of the Indiana statutes. includ-
ing Chapter II Of the Acts Of 1929 Chap
ter Ct Of the Acts. Of 1881. and Chapter
l25 Of the Acts Of 1888 as amended by
CHAPTER 3li Of the Acts Of 1895 Of the
General Assembly Of the State OF Indiana.
Said bonds are to become due at such
time or times and in such manner with
as ' SHAH be speced by the terms Of the
accepted bid: but there shall be no bonds
maturing in less than three 49, nor more
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-han per cent per annum. and snail
bonds and payable semi-annuaNy.
Said bonds are not 10 be sold al dis
count in excess Of flye ~ per cent.
be payable at the office Of the Treasurer
Of Marion County. Indiana. as ex-ofheio
Treasurer Of the City Of Indianapolis.
ar-Hf -~- kar-t s~sru ~ rs~
office. whether in Indianapolis. or in
Chicago, Illinois; or New YORK City. New
6 o55 bsf Of esew ss Roa 4 may aga
ful bidder for said bonds.
Said bonds are to be dated as Of such
Board and the Successful Bidder 70, in IN
consistent with Law. -,.,
Bids shall specify also either:
81 Serial maturities for said bonds
but no bonds TO mature in less than three
81 years from the date OF their issuance
tween thirty (30l and forty (4ol years
e agree to pay FOa. Hu 5oh and Fiity
after the first two years from the date
Of said bonds out Of the revenues from
the operation Of such gas system, for both
be available therefor IN such proportions
as the bidder NAV specify
expiration OF not 20 exceed forty 400
years from their date Of issuance. with
sinking provisions. toWit, The City agrees
70 paw our OF the revenues from the oper-
alton OF said gas system 70 paw not less
than $50. 00a and not more than $500 600
each year after the first TWO years from
the date OF said bonds into a sinking
fund 70 De specially applied 10 the re-
demption and payment on or before the
maturity OF the bonds The MONEYS SC
paid shall be deposited IN a special ac-
count hereinafter more specifically re-
ferred 70. The moneys In. said accoIn
for sinking fund purposes shall D. uSel
10 redeem bonds as follows Arhls Boarf
may cause 70 be purchased the opeT
market al the then market Price Thereof
but not IN anY event 70 exceed par Plus