OCR Text |
Show NOTICE OF BOND SALE. $750,000.00 SALT LAKE COUNTY ROAD BONDS. Notice is hereby given that Salt Lake county, Utah, proposes to issue and sell seven handred and fifty thousand dollars ($750,000.00) road bonds, the same being e, part of an issue of one million five hundred thousand dollars ($1,500,000.00) authorized at an election duly held February Feb-ruary 13. 1919. Said bonds are to be dated April 1, 1919. and will be issued payable twenty years after date with option of payment after ten years, or in serial form, us may be determined by the board of county commissioners after consideration of the bids. If in serial lorm said bonds shall be due and payable, pay-able, without option of prior payment, aa follows: 6 years after date, J20.000.00 . 7 years after date, $20,000.00 8 years after date, $20,000.00 y years after date, $20,000.00 10 vears after date, 20,000.00 11 years after date. 50,000.00 12 years after date. $50,000.00 13 years after date, $50,000.00 14 years after date, $50,000.00 35 years after date, $50,000.00 16 years after date, $80,000. U0 17 years after date, $80,000.00 18 years after date, $80,000.00 19 years after date, $80,000.00 20 years after date. $80,000.00 Both principal and semi-annual interest inter-est shall be payable at some bank in New York City. Bids shall state J in each case whether they are for bonds payable in twenty years, with payment, optional in ten years, ' or for bonds payable serially as hereinbefore stated, and shall specify the rate of interest, not exceeding 6 per cent per annum. Sealed bids lor the purchase of said bonds envelope marked "Bid for Bonds," will be received by the county clerk of Salt Lake county until 10 o'clock a. m. on the 31st day of March, 19iy, and will be opened at a meeting of "the board of county commissioners at 11 o'clock a. m. of said day. Each bid shall be accompanied accom-panied by a certified check for $7500.00 ;is a ginranteo cf good faith, p:i;tble to thy order of tho treasurer of Salt Lake county. The board of county cnnimis?SnnerH reserves re-serves the right to rejeet any and aU bids, and to aee.'jjt any bid deemed advantageous ad-vantageous to said county. This notice is g.Vn ouisuant to a resolution res-olution t'f tho huard of count 7 commissioners commis-sioners of Salt L;ike county, Utah, passed tho 7th dav of March, i:i;. Dated at Salt Lnke City, Utah, this Till Hav of March, 19RJ. C. F. STIT.LMAX. Chairman Board of County Commissioner Commission-er s of Salt Lake County. Utah. Attest: (Seal) J. U. Clark. County Clerk. |