HomeMy WebLinkAbout1914-076 Notice - Sale of Auxiliary Water Bonds
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Recorders Office, chland orogon,
June 22nd 1914.
Sealed proposals till be received by the undersiV-jied up to six O,Clocht
in the afternoon of the 21st day of July,1914 (and no later ) and the
same will be opened and considered by the cof.r•Ion Council of the City, of
Oregon, on the same ~ ay and dote at 8-30 O,Clock in the evening
of said 21st clay of July,1914,for the purchase of the folio...'ring bonds
of the City of Ashland,issued in accordance with an ordinance proposed
by an initiative petition and voted on by the people of said. City on t
ale 9th da.y--of June,1914,in accordance with the genera la ~~s of the
t at e of Oregon, and the Charter and ord inenee s of the City of Kshland as
in such cases glade and provided,to-wit;
One hundred and seventy five bonds dated July 1st 1914,bearing
interest at the rate of` 5 per-annum,in.terest payable semi-annually
at the office of the treasurer of said City,nurlbered One to one hundred
and seventy five both inclusive.siad bonds to be of the denomination of
see thousand- Do7_lars and mature in Forty five years from date thereo:
and payable
' he sirst 25 0 said bonds will be optional,,from and after Thn
(10) years from date thereof,and. 25 of said bonds will (in consecutive
and payable
order)becoi-te option~;.lA each five years thereafter up to and including
~ ~51:~r year,
'P.ese bonds will be sol. to tho yiighest and best bidder for not
less than !^ar anc_ accrued interest from date of issue to date of delivery
of such bonds,
Bids must be accompanied by a certified check for an amount equal
to of the face value of tale bondd bid for, payable to t-he City' of
.shland, Oregon, which, in case the successful' bidder fails, neglects
or refuses to take and ray for said bonds as proposed, in bid, shall be
forfeited to said City as liquidated darfages for such refusal or failure.
''ids -may be submitted for any or all of said issue, the numbers
of bonds bid for being specified in the bir'. The Council reserves the
righlkj to reject any or all bids. All bids must be acid.ressed to "City f
,mss
Recorder" r~»~~~lanc? , Oregon", larked " °o-nosals for purcha e of Luxiliary '
,ate Bonds.
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