Smyrna times., 1951-01-04
NOW
is the time to have your furnace
vacuum-cleaned and inspected.
JOHN H. JAMESON
Dial Dover 2425
PROPOSAL FOR BIDS
for
$24O,OOO. SMYRNA SPECIAL SCHOOL
DISTRICT BONDS, SERIES OF 1851


Sealed proposals will be received by the
Board of Education of Smyrna Special
School District at the office of the Secre-
tary of the said Board at John Bassett
Moore High School, on Frazier St., in the
Town of Smyrna, Kent County, Delaware,
until o'clock PM. Eastern Standard
Iime), on Wednesday. the 18th. day of
January. AID. 1851, for the purchase of
S24O'OOO; of bonds of Smyrna Special
School District, Series of 1851, and at
said time and place the sealed proposals
will be publicly opened by the Board of
Education of said District.
Said bonds shall bear date of February
10, AID. 1851 and the said issue shall
consist of 240 bonds, each of the denom-
coupon, bearer bonds and shall be num-
bered consecutively beginning with No.
and ending with No. 240, and ten (10)
of said bonds of $1,000. each and num-
bered from l to 10 inclusive shall be due
February Is, AID. 1862 and ten ,(l0) of
said $1,000 bonds, in consecutive order,
shall be due each February 18th. there
after. so that bonds in the amount of
$4,000. shall be due each February 18th.
las aforesaid, beginning in 1852 and end
ing in 1875 No bonds Of said Series of
1851 shall contain other callable provision.
Interest on all of said bonds shall be
due and payable semi-annually on each
August 18th. and February 10Th. of each
and every year during the term of said
bonds Both principal and interest of said
bonds shall be due and payable at the
Farmers Bank, Dover. Delaware
|, The faith and credit of Smyrna Special
School District are pledged for the pay
ment of the principal and interest of said
bonds and said bonds shall be exempt
from taxation with respect to principal
and interest by the State of Delaware, or
any political subdivision thereof, for any
purpose.
Bids shall state the price bid for the
said bonds which shall not be less than
$240,000. and bids shall state the rate of
interest the bonds are to pay, but inter-
est rate must be a multiple of II of 19s.
] Bids may be submitted for the whole or
lany part of said issue. Each proposal
unjust be accompanied by certified check
payable to the order of said Board of
Education for five (5%S) per centum of
Nthe amount of the proposal, otherwise the
proposal cannot be considered. The bonds
will be awarded to the bidder whose bid
specifies the lowest rate of interest. with
out regard to premium, but if two or
pmore bidders specify the same lowest rate
of interest, the bonds will be awarded to
tthe bidder offering the highest premium.
The certified checks of all unsuccessful
bidders will be promptly returned upon
hsaid Board of Education rejecting all bids
Jor accepting one or more of the bids, and
Fthe check or checks of the successful bid
der or bidders will be retained by said
Board of Education on account of the pur-
Achase price or prices for said bonds and
in event of noncompliance of the success
tful bidder or bidders, time being of the
essence, said $50 deposit or deposits shall
ybe retained by said Board of Education
as ascertained and liquidated damages.
! Settlement by the successful bidder or
bidders shall be made at the office of
Charles L. Harmonson. attorney for said
Board of Education, at 1917 Dover Green,
Dover Delaware, or at the Farmers Bank,
Dover, Delaware, at the option of the sue
cessful bidder or bidders, at o'clock Pm.
Eastern Standard Time), on Thursday.
February Is, 1851. The settlement balance
shall be then paid by certified check pay
able to the order of the Board of Education
of said District. and duly executed bonds
will be delivered to the successful bidder or
bidders at said time and place of settle
ment.
The approving opinion of Messrs. Reed
lHoyt and Washburn of New York City
will be furnished to the purchaser or pur-
chasers without cost.
All bids shall be addressed and/or de.
livered to George w. Wright, Secretary OF
said Board of Education, John Bassett
Moore High School, Frazier St., Smyrna
Kent County, Delaware.
The said Board of Education expressly
proposals for said bonds and without re-
istrictions may accept any proposal or pro
posals which said Board of Education
deems beneficial to said Smyrna Specia
School District. The said bonds shall bt
issued under the authority of an Act en-.
titled IAN ACT TO AMEND CHAPTEF
IN, REVISED CODE OF DELAWARE
1885, RELATING TO FREE PUBLIC
SCHOOLS, AUTHORIZING THE AC
lQUISITION OF LANDS AND BUILD
IINGS THEREFOR, AUTHORIZING AMI
REGULATING THE ISSUANCE OF
kBONDS FOR SUCH PURPOSES, PRE-
ISCRIBING A NEW LIMIT UPON THt
AMOUNT OF SUCH BONDS WHICH
MAY BE ISSUED, AND PROVIDING
FOR THE MAKING AND KEEPING OF
RECORDS IN RELATION TO SUCE
iBONDS," passed at the Second Speeia
Session of the 115th. General Assembly
approved November 4. 1919, and said bont
issue having been approved by the Stat
Board of Education of the State OF Dela
ware and the State School Building FRO
gram Board and also the issuance OF san
bonds having been duly approved am
authorized by the affirmative action OF TN
qualified voters of Smyrna Special Scnoo
District by referendum election as provid
led by statute and which election was dul!
Terrified to and approved by the Stat
Board of Education of the State OF Della
ware.
BOARD OF EDUCATION
OF SMYRNA SPECIAL
SCHOOL DISTRICT
l 7 T~s- lr14A prSocI