Nogales international., 1947-03-07
CALL FOR BIDS

NOTICE IS HEREBY GIVEN that
sealed proposals for the purchase o1
retunding bonds to be issued by the
Loan Commissioners of the State OF
Arizona on behalf of the City OF
Nogales, County of Santa Cruz
State of Arizona, under the provi-
sionS of Article of Chapter 10 of
the Arizona Code Annotated, 1899,
will be received by the Loan Com
miSSioners of the State of Arizona
at the office of the State Treasurer
of the State of Arizona, in the Capt.
tol Building, at the City of Phoenix,
Arizona, at not later than the hour
of 200 O'Clock, PM, Wednesday,
the End day Of April, 1947.
The aggregate principal amount of
said refunding bonds is $685., 900 90,
of the denomination of 100000
each, bearing date of their issuance,
bearing interest at a rate of not to
exceed three (39o) per cent per an
mum, interest payable semi annually
on the 18th day of July and on the
18th day of January of each year
from the date of the bonds until
their maturity, are numbered from
l to 335, both inclusive, and shall
be payable, as follows: $1O,OOO.OO on
the 18th day of July of each of the
years 1948 to 1852, both inclusive;
SIS, 100000 on the 18th day of July
of each of the years 1853 to 1857,
both inclusive; 100000 on the 18th
day of July of each of the years 1858
to 1861, both inclusive; $40, 10000 on
the 18th day of July of each of the
years 1862 to 1865, both inclusive,
each of this group of bonds optional
for payment July is, 1861; and
$25, 100000 on the 18th day of July of
each of the years 1866 to 1867, both
inclusive, each Of this group of bonds
optional for payment July IS, 1861.
At the time and place above indi-
Gated, or at later time, the Loan
Commissioners of the State of Ari-
zona will convene at their usual place
OF meeting within said Capitol
Building for the purpose of consid-
ering all bids received for the pur-
chase of said bonds and to take such
action thereon as may be deemed
advisable.
All bids must state the rate of
interest to be paid. No bid for the
purchase of said bonds at a price of
less than the par value thereof will
be considered and all bids must be
accompanied by a certified or
cashiers check drawn on a bank
doing business in the State of Ari-
zona, in an amount equal to five
go per cent of the total par value
of said bonds, said check to be drawn
payable to the order of the State
Treasurer of the State of Arizona
The certified or cashiers check of
the successful bidder shall be retain
ed by the Loan Commissioners of
the State of Arizona to be applied
upon the purchase price of said
bonds and shall be forfeited in the
event such bidder does not take up
and pay for said bonds Immediately
upon their issuance and delivery to
such bidder.
The Loan Commissioners of the
State of Arizona reserve the right
to reject any and all bids received.
Delivery of the bonds shall be made
at the office of the State Treasurer
of the State of Arizona, in the Capt.
tol Building at the City of Phoenix,
Arizona.
The final approving legal opinion
of Gust, Rosenfeld, Divelbess, Rob-
inette and Linton, of Phoenix, Ari-
zona, will be furnished by the City
of Nogales, Arizona, and all bids
must be unconditional.
NIT SINGES,
State Treasurer of the
State of Arizona.
pub. Feb. %, Mar. Z, IA, 81, %, '4D