Smyrna times., 1961-01-19
NOTICE OF SALE
SMYRNA SPECIAL SCHOOL Drsrp,cr
IN SENT AND NEW CASTLE
... COUNTIES. DELAWARE
s<so'ooo SCHOOL BUILDING RoNnS

scbnnyy b,lyrna n Special School Dist,;o.
IIsnool Ionnt, District of the State ~ sfrlet. n.
MATED Nea' IN the Counties of Deiaware
for tbo boastle. hereby invites seaIad ns sl1 and
after Jascr;h pI;hrehase of its bonds boroia oias
Of the School niats, Inc Board of Education tI,,
of ofus ca az the office of the srve receive such
ScbooIn nools at John Bassett ttMntendent Mnant H
of "eSr S, on Frazier Street in moore 9pr High
til three aent County. Delaware iown wn
Standard Tiin.e, o'clock; PM. 1Eastern er,,
,tI. e. tiIySl. and will at such besuay. nlan February
siJer open and announce a and time
fbrnuott r the bids received. Bids and and con con,
follows. me mail shall be addressnndI ddnItted ed
of the Board 1eorge V. Kirk. Secret arS rS
Moore High Schooi John Bassett
smyrna. Delaware. azier Street.
soae ahe bonds consist of -
Mse. SMfso,Goo School Building Bonas r. issue Of
instaiIma,,.. y, 1851 and payable In ser;s1 usted
as follows: 81 s12 Soa March | in each year ar
saaiVoo saat IN the year 1868 and AZ ooa dsoz,
s;,a eaon p 9I the years 1864 to 1881 eSio'oGv IN
shn;. spe, me bonds will bear intepast iFclu- f1
annum ua,e and at at not exceeding SCI e,, Der
semi-annuaiy 'e on i1yerest Mareb will be payable
4. Inc bonds will be counon e.nll- I've
hsistraole he 81 OF. as to principal only and ni wiIi
VI the denomination of ST 900 aach
Tho FNu and interest are payable at
aware. IN the City of Dover De1au,o Ja Dea- ea
No bid for less than ali of ~ go. 80.
Will be considered. Bidders sbonIJ osi oonds
" IN their bids the rate of interest ~
annum which the bonds are to hear and
tne rate named must be a muItinle Of
onJ ,I oI one per centum per annum.
hnu hnuds must S be the same for all of the
aH r.
must not be less than 1926, 900 and ac9
crued interest. The bonds will he award
eu 10 the bidder whose bid specifies the
lowest rate OF interest, without regard
10 premium but if two or more bidders
specify the same lowest rate of interest
tne bonds will be awarded to that one
OF such bidders who offers the largest
premium. The right is reserved to reject
all bids and any bid not complying with
the terms of this notice will be rejected.
The School District is authorized and
nronnrtn euu.ssa x.hsN ny law to levy on all real
such ad valorem taxes as may be neces-
sary to pay the bonds and the interest
thereon without limitation as to rate or
amount. The bonds will be exempt from
and interest. by the State of Delaware
or any political subdivision thereof. for
any purpose.
Each bid must be accompanied bv a
certified or bank cashiers or itreasurer's
check or checks for $500. drawn upon
an incorporated bank or trust company
and payable to the order of the School
against any loss resulting from failure
of the bidder to comply with the terms
of his bid. Checks of unsuccessful bid
ders will be returned upon the award
of the bonds.
The School District will furnish with
NJ 81. H.
the bids are delivered (l) the opinien
of Messrs. Reed. Hoyt. Washburn & Nc
Carthy of New York City that the bonds
are valid and legally binding obligations
of the School District and that the
School District is authorized and required
taxable by the School District such as
valorem taxes as may be necessary to
pay the bonds and the interest thereon
without limitation as to rate or amount.
and ~ certificates in form satisfactory
to said Attorneys evidencing the proper
execution and delivery of the bonds and
receipt of payment therefor. and (3l
certificate. dated as of the date of de-
livery of the bonds. and signed by the
officers who signed the bonds. stating
that no litigation is then pending or.
to the knowledge of such officers, threat
ened to restrain or enjoin the issuance
or delivery of the bonds or the levy or
collection of taxes to pay the bonds or
the interest thereon, or questioning the
validity of the statutes or the proceedings
under which the bonds are issued. and
that neither the corporate existence or
boundaries of the School District. nor
the title of any of the said officers to
their respective offices. is being con-
tested. Dated January IL. 1861.
GEORGE v. KIRK. Secretary of
Board of Education of Smyrna
Special School District