The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-11-28
NOTICE OF SALE
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TOWNSHIPS OF CLINTON AND HAIR
MACoMB COUNTY. MICHIGAN
REFUNDlNG BONDS
Sealed bids for the purchase Of 1870
No. Z Fractional. Clinton and Harrison
Townships. Macomb County. Michigan.
OF the face amount Of SAT 900 90 will be
received by the undersigned at the Of
flee of the Board Of Educa alton Of said
school district In the Herman Xix
School in said district. Mt Clemens,
Michigan, until 8 o'clock p. M. Eastern
Standard Time on the 9th day of De-
cember. 1912, at which time and place
they will be opened and considered by
the Board OF Education OF said school
The bonds will be dated December 4.
1912; will be numbered consecutively
In the direct order Of their maturities
from ] 70 ~ Inclusive; will be coupon
bonds Of the denomination Of $1,000
each: win bear interest at a rate. or
rates, not exceeding Z ~ per annum
to and including April !. ie47. not exc
ceeding $50 per annum thereafter 10 and
srslua.ns april isss not sxe Gee Nc
Guiding April /. 1887. and not exceeding
$40 per annum thereafter until paid.
expressed In multiples Of V Of IN, said
interest payable October I, ls43 and
tNcIeattcT- April I8S
and October LIST Of each year. Said
bonds will mature serially $4,000. 90
April !, each year. 1914 to 1888 both In
elusive. and $1,000 90 April I. each
year. 1854 TO 1861 both inclusive. Bonds
Nos. 80 to ~. both inclusive. win b
In inverse numerical order. at par and
accrued interest. upon 30 days pub
lished notice. on any interest payment
date on or after the following:
-.
any Interest
Date on Or after
% to ~ April I. 1850 October l. Is4s
2 to = April !. 1851 October !. ,s.4
IS TO q April 1. 1861 October 1. ls4s
both inclusive
Both principal and interest win BE-
payable at the Detroit Trust Company
In the City OF Detroit. Michigan.
der whose bid produces the lowest In
terest cost TO the School District after
deducting the premium offered, II any.
Interest on premium will not be con-
sidered az deductible In determining
the net interest cost. Interest on calf
able bonds will be computed 70 ma
turity. No bid for less than all Of the
bonds will be considered.
The bonds will be the general obli-
CATION Of the School District which -
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levy upon all taxable property therein
such ad valorem taxes ~ may be nee
essary to pay the bonds and interest
thereon without limitation a. to rate
or amount.
A certified check In the amount Of
81 900 90 drawn upon an incorpor rated
bank or trust company. payable TO the
order OF School District No. Frac-
tional, Townships OF Clinton and Har-
rison, must accompany each bid ~ .
guarantee Of good faith on the part Of
the bidder. to be forfeited as liquidated
damages In case the bidder fails to ac-
cept and pay for said bonds II the bid
IL accepted. No interest will be allowed
on the good faith checks.
Bids shall be conditioned upon the
unqualified opinion Of Miller. Garfield,
Paddock and Stone. Attorneys. Detroit.
Michigan. approving the legality Of the
bonds. The cost OF such opinion and
Of printing the bonds will be paid By
the School District.
The right Is reserved TO reject any
and all bids.
Envelopes containing the bids should
be plainly marked Proposal for
Bonds"
RALPH G. ECAN.
Secretary. School District No.
Z Fractional. Townships Of
Clinton and Harrison.
Nov. ANIL.