The Wyandotte herald. (Wyandotte, Mich.) 1879-1943, 1941-08-15
LAWRENCE j. LaCOURSE.
Notice of Bond Sale
StD.OWnOO Special Assessment
General Obligation Sidewalk Bonds
and
$63.OuOOO Special Assessments
General obligation Paving Bonds
City of WVandOttp, Michigan

ana
$G3WOOO Special AS>eSSmem
General ObliSationD Paving Bonds
City of WyandOtte. Michigan
Sealed bids Tor the purchase of face
amount of S66Uu.0O Special Assess
memt General Obli2atiumJ sidewalk
Bends and face amount OF SGi.W1O"
SIpciaI A>~e> ~nlr M tGrIlrral OhliSi-
;ioIl PAWN. Bonds of the City of Wy
auduttr. Michigan will be- received by
the undersigned AT hi~ office in the
City Hall Wyamdotte. Michigan.
until four 90 o'clock T. NJ.
Eastern STANDARD Tim. Tuesday.
AUGU ST 70. 1911 Said bids will b.
opened and considered by the city
Council at lis regular meeting at eight
tSl o'clock PM. Eastern andard
Time Tuesday. AUGUST 2G. 1871. III
the Council Chambers in the City Hall.
The bonds will Ike dated September
/. 1g41. and will mature Serially with
cut option of prior paymelE H. follows ::
SIDEWALK BONDS: $14,OOOOO
September |. 1912. $13tNOOO Sept
pmbtr |. each year, 1913 To 1916
both Inclusive
PAVING BONDS: 14.OHOOO Sep
ember |. 1912. $13.UOO.W Septem-
der |. 1913. $12OOO.O0 September
]. each year. 1914 To 1916 both i'll
elusive
will be coupon bonds of the dcmOmina-
tion IF $1.OOOOO each. and win bear
interest ut Il rate, or rates. not exceed
ing 81 per annjlm. expressed i'll mul-
ines of Il of 20. and said interest
shall he payable >emi-annually on
March lSt and September Isl of each
year Sidewalk Bonds will be number
ID cUm>eCutivefy ! Ia 66 inclusive: Pay
!ng Bonds will bt mImbt'l ed COn>eSu-
tivtIy To Ci3 inclusive. Upon the Op-
'tium of he >ucce>>ful bidder said bonds
may he issued is Registered bond.
without interest coupons. a> To provide
for one bond for each YEARS maturity.
Both principal and interest will he
payable at the WyandUtte Saving,
Bank. WyandOtte. Michigan.
The imter, II late may vary Oh any
ur each years maturity. bM all Dond>
maturing in any one year. i'll either
issue must carry the same rate OF i'll
tere>t.
The bonds shah be awarded 10 The
bidder whose bid produces the lowest
interest cost to the City after deduct
ing The premium offered. if any. Inter
est on premium shall not he consider
Ell aS deductible in determining the
net interest cost
No proposal for less than all OF Ghe
bonds of an issue will be considered.
The bonds are issued in anticipation
Of the collection Of special assessments
and the full faith and credit of the
City of WyandOtte i pledged for their
payment
Envelopes containing the bids Shonlt
he plainly marked Proposal for
Bonds"
y certified check la the amount. of
Pc of the par value of the bonds bid
upon. drawn upon an incorporated
bank or trust company and payable Ia
the order of the Treasurer of the City
of WyandOtte. Michigan. must accom-
pany each bid aS Il guarantee of good
faith on the part of the bidder. No
inter est will he allowed OH the good
faith checks.
Bids shall he, conditioned upon the
unqualified opinion Of Miller. Garfield.
Paddock and Stone. Detroit. Michigan.
approving nhe legality of the bonds.
The cost of such opinion and the cost
IF printing the bonds will be paid by
the City.
The right is reserved to reject any
and all bids.
CITY. OF WYANDOTTE. MICHIGAN
LAWRENCE J. LaCOURSE,
33w2 City Clerk