The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1943-12-18
Financial
Money To Loan
Legal Notices
NOTICE or SALE
- N 49,, ~
District NO. q Fractional
rpsiianu Township, WashtsnAw
County, Michigan
School Bonds

County, Michigan
school Bonds
Sealed bids for the purchase Of
school bonds OF School District No.
FIR, Township Of YpHilanti. County
OF Washt.nRw. Michigan, Of tho face
amount OF $4,000 90 viii be received
by the undersigned at hts OFFICE at
sSs club View Drive. YpAilanu Town.
snip, YpHilanti, Michigan, until De-
cember so. 1913 at 500 O'Clock T.. N.
Eastern War Time. at which tins
they Will he opened and conhldered
by the Board Of Education 81 said
school district at tho schoolh9use 10
said district
Tho bonds shall b. dated Novein.
Dor !, 1913. and shall mature Heriniiy
without option OF prior payment
100000 on tho first day Of May
each year. I9it 20 1913, both lncIu-
slye; shall be coupon bonds hnd shah
be 10 In number of tho following de-
nominations. Bonds numbered /. 2,
I. 3. 7. \. 10, II. -. ~, 1000. 90
each, and bonds numbered 3, q, .. ~,
IL, tf0000 zach. and shall bear inter-
est NJ rate or rates not exceeding
go per nnnum, expressed In multi
Piles OF = OF i %. ana said interest
shall be payable on May /. 1914 and
semi-annunlly thereafter on Noycm-
Der and May l. Both interest md
principal shall be payable at ths
Ypsilanti Savings Bank. Ypgilanti,
Michigan.
the bonds shall bs awarded 70 tn.
bidder whose bid produces the lowest
Interest cost to tho school district
after deducting the premium offered.
N any. In determ ming tne net inter-
est cost. Interest on premium viii
not be considered M doductible and
interest on bonds VIII De computed
from December 80, 1913 10 the re-
spectivs maturity dates.
No proposal for less than all %
tho bonds will be considered.
The Board OF Education liz author
lied and required by law TO levy
upon all the taxable property in tho
school district such nd ynlorom taxes
as may be necessary to pay tho
bonds and interest thereon, within tho
limitation prescribed by Section Il,
Article X, OF tho Michigan Constitu-
ton and tho Michigan Property Tax
Limitation Act The electors author
lied an Increase I'm the tax rate linz
itations to :.O6Cc Of the assessed val.
uatlon for the years l9il 10 f9I7,
both inclusive, at an election held on
November ~. 1913.
Envelopes containing the bids
should be plainly marked Proposal
for Bonds"
certified check In the amount Of
20 OF the total par value OF tho
bonds drawn upon m Incorporated
bank Ok. trust company and payable
TO the Norder OF the TEaasurer OF
School District No. 2, FIR. Ypsilanti
Township, must accompany each bid
~ guarantee Of good faith on tho
part OF the bidder. No interest shall
be allowed on the good faith checks.
Bids shall be conditioned upon tho
unqualified opinion Of the purchas-
er's attorney approving the legality
OF the bonds. The cost OF such opinion
shall be paid by the purchaser. The
purchaser shall pay the cost or print
Ing the bonds.
The right IL reserved 10 reject any
and all bids.
CHARLES X. HART,
Secretary Of School District No.
FIR, Ypsilanti Township, whshtenaw
County, Michigan.
Approved as 20 form December 2, 1919
Municipal Finance Commission
Adv. 1918