The Wyandotte news-herald. (Wyandotte, Mich.) 1943-1963, 1945-11-15

, November l, 1915, to be in the de-
nomination of $1,000 each, principal
and semi-annual interest MAY l
and November ID to be payable at
the Wyandotte Savings Bank, Wy
andotte, Michigan, the first coupon
to be due May l, 1916. said bonds
being $4,000 City Portion Bonds
due $4,000 each November l, 1916
through 1850, and 100000 Special
Assessment Bonds due $4,000 each
November l, 1916 through 1850, both
issues being general obligations of
the city. the $4,000 issue being pay
able from unlimited taxes and the
S160.000 being payable from special
assessments and if necessary from
unlimited ad valorem taxes, we will
pay you the par value thereof, $780,
10000, plus accrued interest to date
Of delivery to us and in addition
thereto premium of $100, for
bonds bearing interest as follows:
$4,000 Bonds due November /,
1916 to 1948 incl. bearing 10 in
tereSt.
S 10000 Bonds due November I,
1949 and 1850 bearing interest at
q of 10.
Interest cost, less premium, S.
039.0D.
This bid is conditioned upon our
being awarded both issue of bonds
aggregating S2OO,OOO.OO.
Prior to or at the time of the de-
livery of the bonds to us, which is
to be within reasonable length Of
time, We are to be furnished COM
plete transcript of the proceedings
leading up to and eliminating in
the assurance and delivery of the
bonds to us together with the op-
inion of Messrs. Miller, Garfield,
Paddock and Stone. Attorneys, De-
troit, Michigan, approving their
legality.
AS evidence Of good faith We en-
close our certified check for $4,000 90
payable to the City of Wyandotte,
which check is to be held by you UNI
cashed pending delivery of the
bonds to use and then to be returned
to us or applied as part payment
for the bonds, or is to be cashed by
YOU and forfeited by us as full
liquidated damages if the bonds are
awarded to us and we fail to per-
form our part of this agreement. In
the event We are unsuccessful bid
ders or the attorneys decline to APP
prove the legality Of the bonds, said
check is to be returned to us upon
demand
Respectfully submitted,
Braun, Bosworth and Co.
S. p. Liska
First of Michigan Corporation,
Detroit, Michigan
Dear Sir:
Re: 100000 City of Wyandotte,
Wayne County, Michigan Paving
Bonds, to be dated November l.,
1945, and to agree in all particulars
with your official advertisement of
sale as published in Michigan In
vestor Of November and 10, 1915.
which is hereby made a part of this
bid
We hereby submit our bid for all,
but no part. of these bonds, as fol-
lows: For said bonds TO be the
general obligation, and bearing the
full faith and credit of the CITY of
Wyandotte, Michigan. we will paw
the par value thereof and accrued
interest from the date of issue to the
date of delivery to us plus a total
premium Of $1,000: said bonds ma
turing as designated to bear inter-
est as follows:
City Portion Bonds:
$4,000 due November 1, 1916 at 1es
$4,000 due November l, 1947 at Ia
$4,000 due November 1, 194s at 10
$4,000 due November 1, 1949 at a Cd
$4,000 due November l, 1850 at ,. %
Special Assessment Bonds
$4,000 due November /, 1916 at 1%
$4,000 due November 1, 1947 at 10
$4,000 due November l, 1913 at 10
$4,000 due November 1, 1919 at q Cd
S32,OOO due November /, 1850 at 40
We are to furnished a complete
certified copy of the Transcript of
Proceedings relating to the issuance
OF these bonds, together with he un-
qualified opinion of Miller, Can
Held. Paddock and Stone, approving
the legality Of the bonds: the cost
OF said legal opinion and the cost of
printing he bonds is to be borne by
the City.
AS evidence Of our good faith in
submitting this bid, We enclose our
certified check for the amount of
100000. which may be retained by
you as full liquidatd damages in
the event that We fail to accept de-
livery and pay for the bonds in ac-
cordance win the terms of this bid
Respectfully submitted,
First of Michigan
Douglas H. Campbell
Manager, Municipal Trading
Department.
observation-disclosures and COMPANY.
Detroit, Michigan
Ford Wagar. City Clerk
City of Wyandotte
Dear Mr.. Wagar