The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1943-07-03
Legal Notices
HorIor or SALE
500, 10000
Oily OF rpsiisnti, wsshtsnAw Coun-
~, Michigan
hospital Revenue Bonds

Sealed bids for IN. purchase OF
Hospital Revenue Bonds OF = par
value OF t9S. 100000 "a be issued by
the city OF Ypsllanti, Washtenaw
County Michigan, viii bs received by
the undersigned a. his office In thu
city Hail, 30t y. Huron street. YpAi-
lsntl, Michigan, on the 18Th day OF
July. A. y, 1913 at 1850 p. m. East
ern STANDARD Time. at which Tina
ana place they will be opened and
considered by the Common Council
OF the city OF YpsllAntI.
The said bonds viii he dated June
-. 1919, may be registered as to
principal only. Will he numbered con-
secutively In the direct order OF their
maturitles from | To 96. both inclu-
sivs and Will mature ssrialiy
100000 June 10, each year. 1915 to
1860 both inclusive. will he coupon
bonds OF the denomination OF
100000 each and viii bear interest
AZ rate or rates not exceeding 4o5
per annum. expressed In muitiplss ~
y OF 20, said interest to be payable
semi annually on the 18th days OF
June and December OF each year.
Both principal and interest viii he
payable at the office Of tho CITY
Treasurer OF the city of Ypsilanti. at
ipsilanti. Michigan. All OF raid
bonds viii be subject 10 rede mption
At tho option Of the city on any ono
or more interest payment dates at
the par value thereof and accrued in
torest together with a premium OF
90 Of such par value. II less than all
OF the outstanding bonds snail 10
called for redemption on any one in
, terest payment date. then such re-
demptlon shall he In inverse numeri-
| cal order. Notice ~ ielempti"c ALL
he given by publication thereof at
least 60 days prior TO tho date OF
redemption at least once ia n news
paper OF general circulation IN Npsl-
lAnti, Michigan ana In n publication
| circulated In tho state Of Michigan.
| which carries as part Of itq regular
! service notices Of tho sale ~ munich
| pal bonds. and bH Nrttnl notice to
any registered holder ot tho bonds
40 called for redemption.
The principal or said bonds and
the interest thereon nre payable sole
~ from the revenues Of tho hospital
known as Beyer Memorial Hospital
located In said city or Npsilanti. and
the bonds are issued pursuant TO the
provisions NJ Act No. 90 Of the Pub
lie Acts or Michigan for the year
1893, as amended, and an ordinance
adopted by the Common Council %
the city OF Yps ilanti on Tuns 7, 1913.
The bonds will be awarded to tho
bidder whose bid produces the lowest
interest cost TO The city after de-
Quoting the premium offered. N any.
In determining the net interest cost,
Interest on premium win not lie CON
sidered as deductihe md interest
On bonds will be computed from July
49, 1913 10 the respective maturity
dates
A certified or cashiers check IN
the amount ~ &C, NJ the par value
Of said houd', drawn upon an moor
porated hank or trust company and
payable 10 The order or the CITY
Treasurer 81 tie city ~ Ypsllsnti.
must accompany each bid as a guar
autee Of good faith on the part Of
the bidder. to be forfeited a.
liquldated damages IN the event 81
the refusal Of such bidder. + success
MI, to complete. hIS. rurcuase con-
tract. No interest .ill be allowed on
the good faith ohe1ks
Bids shall 30 conditionld uoon ths
unqualified legal opinion ~ Miller,
Garfield Paddock and Stone. At
torusvs. Detroit. Michigan, approving
tie lsgali'v Of mo hOni@. The cost
Of said legal opinion and OF the print
Ing OF the bonds Will be paid by tie
civ.
80 proposal for less than all Of
the bonds will be consolidated. The
right r. reserved 20 reject any or al
bids Envelopes containing tho bids
should be plainly marked Proposal
| FOR Bonds
ANY interested bidder will be fur-
nisUed. upon request = report OF the
essential facts pertaining 10 the fin
ancisl condition OF the city and It's
HARVEY C. HOLMES.
Adv 703 CITY Clerk.