The Independent-News, Volume 92, Number 46, Walkerton, St. Joseph County, 13 April 1967 — Page 8

THE INDEPENDENT-NEWS — APRIL 13. 1%7

8

NOTH F OF SALE 51.1M0.000 FIRST MORTGM'E BONDS POLK - LINCOLN - JOHNSON SC HOOL Bl ILDIM. CORPOK wiox U Ik - Lincoln - J >hnson School Building U. ipmath ii at the hour of 100 o'clock p .n, (Central Standard Tunei, <n May 3, 1967, at the Office of Supei mtendent of S< h >< I>. *OS Washingt n Street, Walkerton. Indiana, will rvccivt and consider bids for the purchase of the following described bonds $1,180,000 of First M-ntgag. B' nds of P< Ik - Lincoln • J. hn^on Si h n 1 Building Corporation. .in Indiana corporati n; Denomnutii'n $5,000 each; Datid May 1. 1967; Bearing interest at a rate or rates to be determined by bidding. payable on January 1. 1968. and semi-annually theres after; Registrable as to prin- ■ cipal: Principle and interest $ payable at The National Bank j and Trust Company of South Bend, in the City of South Bend Indiana, or. at the option of the holder, at the principal office of the American Fletcher National Bank and Trust Company. m the City of Indianapolis. Indiana, or at the principal office of the Harris Trust and Savings Bank, in the City id Chicago. Illinois: Maturing serially on January 1 in the years and amounts as follows: 7 Years Amounts Years Amounts 1970 $25,000 1983 $.50,000 1971 25000 1984 50,000 1972 30.000 1985 55,000 ’ 1973 30,000 1986 55,000 5 1974 .30 000 1987 60.000 1975 35000 1988 60.000 1976 35.000 1989 65.000 1977 35.000 1990 65,000 1978 35.000 1991 70 000 1979 40.000 1992 75.000 19S0 40.060 1993 80.000 1981 45.000 1994 45.000 1982 45.000 . The bonds are redeemable prior to maturity at the option of the corporation, in while or in part •nd in inverse numerical order <a> on am interest payment date Hot earlier than July 1, 1973, from Junds other than proceeds (>f any borrowing made for such purpose, or <bi on any interest payment date not earlier than July 1, 1977. from any monies Jnade available for that purpose, at face value, plus the following premiums: 4G if redeemed <n July 1. 1973, or thereafter on or before July 1. 1978; 3 , if redeemed on January 1 1979. < r thereafter on or before July 1. 1984; 2' if redeemed • n January j 1 1985. or thereafter on or before July 1, 1989; 1% if redeemed on January 1, 1996 or thereafter prior to maturity. Plus tn each rase accrued interest to the date fixed for redemption, on fifteen <lsl days' previous notice in a newspaper or financial journal published in the City cf Indianapolis. Indiana, and the mailing of notices to the holders (f registered bonds. Interest on the bonds so called for redemption will cease on the redemption Cate fixed in said notice if funds are available at the place of reCemptmn to redeem the bonds so Called on the date fixed tn said Notice or thereafter when preRented for payment Each bid trust be for all of said First Mortage Bonds and mu‘t state the rate or rates of interest Which the bonds are to bear, ri a ted tn multiple# of one-eighth (SI or one-tenth <] 101 of one per cent HG j No rate shall exceed five per cent <SG i per annum. Not more than three (31 different interest rates -hall be specified in any bid but a rate may be repeated without being considered a diff* ren rate The difference between the highest and lowest rites specified in the hid shall n- t exceed n> and < nehalf per cent (1-v i Bid* •petrifying two 121 or mon inter•U rates shall also p>if \ the •mount and maturity > <f the Ik nda bearing each rat/ hu? I bMi maturing n th# << h-ar the r •* R»4* Wal) set out the t Jal am .r* of ifer-o? ps/kt»|e over th* *> nr Uke and the net mt

cost on the bonds covered by the bid No bids for less than the lace value of said bonds, including accrued interest from the date thereof to the date of delivery. wall be considered. The bonds will be awarded to the highest qualified bidder who has submitted his bid in accm dance herewith. The highest bidder will be the one who offers the lowest net interest cost to the Corporation to be determined by computing the total interest on all of the bonds to their maturities and deducting therefrom the premium bid. if any. No conditional bids will be considered. The right is reserved to reject any and all bids. If an accept - able bid is not received for the First Mortgage Bonds on the date of sale hereinbefore fixed, the sale may be continued from day to day thereafter, during which time no bids for less than the highest bid received at the time of the advwtieed sale wW be considered. Each bid must be encl<>se<l in a sealed envelope addressed to the Corporation and marked 6’n the outside "Bid for First Multgage Bonds." and must br - accompanied by a certified or cashier's check in the- amount $414400 payable to the Corporation as a guaranty of good faith on the part of the bidder, to be forfeited as liquidated damages if such bid is accepted and the bidder fails to take up and pay for the bonds. The checks of the unsuccessful bidders will be returned immediately following the award of the First Mortgage Bonds. The successful bidder shall make payment for the bawds find accept delivery thereof within five days afUt being nvlified that the bonds are ready for delivery, at The National Bank md Trust Company of South Ben* in the City of South Bend. Indiana, or. at the option of the successful bidder, at the principal jjffice of the American Fletcher National Bank and Trust Company, m the City of Indianapolis, Indiana, or at the principal office of the Harris Trust and Savings Bank, in the City of Chicago, Illinois. The First Mortgage Bonds will be ready for delivery within 30 days after the date of sale. If the Corporation fails to have the bonds ready for delivery prior to the close of banking hours on the thirtieth day after the date of sale, the bidder may secure the release of his bid upon request in writing, filed with the Corporation. The unqualified approving opinion of Ice Miller Donadio & Ryan, bond counsel of Indianapolis. Indiana, together with a transcript of the proceedings relating to the issuance of said bonds, printed bond forms with the legal opinion printed thereon, and closing papers in the usual form showing no litigation questioning the validity of the bonds, will be furnished to the successful bidder at the expense of the Corporation. Polk - Lincoln - Johnson School Building Corporation was organized for the purpose of erecting and leasing school buildings to Polk - Lincoln - Johnson School CorporatT<*n of St. Joseph. Marshall and LaPorte Counties, Indiana All acti<m has been taken and the bonds are issued in compliance with the provisions of Chapter 273 of the Acts of the Indiana General Assembly rtf 1947, and all acts amendatory thereof and supplemental thereto The bonds will be secured by a trust indenture to The National Bank and Trust Company of South Bend in the City of South Bi nd. Indiana, and will be to the terms and provision* f said indenture. The property to S r<vered h the md' nture has b#-‘n • ,? • period of 27 yearn to the xf -e---said Polk - lumoln - Sch'»ol Corp ratmr ' -• » Marshall ,nd L F r*' f . Indian.i l<<ra’*d '/ Indiana a’ ar ^rr al -of j rr-r • of all t a * s' 3 ...... .r ’ . /.hah r*r.’A; jzA «*mi-annually < J</ Vs I»^*irr.s»er V> in ‘ ■' * "' r ’■ ••• ■ r,^ wit h ’hr - f ■o* raokiings e ’*4 n A jj 4 • * *> »IJ • » r rre 4 ’o hr «<l-VH-d «» • . ’ft# <f the

Eighth Grade Linemen Get Set For Camera's Eye

NOTICE RESOLUTION NO. 2 - 1967 In complying with Ordinance 4 A- 1954: By order of the Board of Trustees of the Town of North Liberty, water consumers of the North Liberty Waterworks must pay their water rent in full within 30 days after due date or have their water service discontinued. This order is effective April 1, 1967. Carl M. Eskridge Clerk-Treas. Ruth Circle Meets The Ruth Circle met at the home of Mrs. Richard Anderson Jr. on Tuesday evening. Mrs. Edgar Cole presented the lesson and Mrs. John Guttman gave the devotions. Mrs. Wyman Hochstetler was a guest. Delicious refreshments were served by the hostess. 1^.7 NOTES FT. ORD. CALIF. (AHTNCIArmy Private James J Jordan, 19. son of Mrs. Sylvia A. Jordan, Route 2. Walkerton, • Ind., completed eight weeks of advanced infantry training at Ft. Ord, Calif., April 4. He received specializt-d instruction in small unit tactic^ and in firing such weapons as the M-14 rifle, the M-60 machine gun and the 3.5-inch rocket launcher. SINCERITY One man’s reasoning may be faulty, but still makes more sense than another’s excuses. Call in your locals. above mentioned trust indenture, lease and the provisions of the aforesaid Chapter 273 of the A ts of 1947. as amended. Said bond* con-titute an indebtedness only of Polk - LancolnJohnson School Budding C rporation. payable in are -dame with the terms of th* above mentioned indenture and the provisions of the aforesaid Ch-p'»r 273 of the Ai ts of 1947 -i- amended Under the pr< vasior. ! of the governing statute, the First Mortgage B nd- and the interest thereon ar< • x-r pt fr >m all taxation in Indian! except, however, inh< ’ xe«i In the opinion - f b M r .un^ei under the existing federal statutes, decisions, r< . Lit r and rulings, the inn the First Mortgage R od« is • xompt from federal in- - tax and the issuance and frsixfer thereof are n >t subject t federal document ary stamp taxes Further information relative to «aid I-me may be obtained upon spph tion to Lloyd C Wampb • of *he l^aw Firm of Stevens. W imp!' r Travis A F' igle ", l'l'.m -uth, Indiana, attain vs f<»r the C'orp; ration If bids ar< - submitted by mail, they should b»addn sM-d to the C<»rporatk<i in care of the Offi< <■ of th< Superintendent, 805 Wo .hington Street, Walkerton Indiana Dated thia 13 day of April. 1967. R land Urhtmbarger, Secretary IMk - Lin< oin - Johnson Sch<H>l Building Corp«ation

Coach Kollias Gets Backs Set Properly Foi Quick Star’s •• • r- » X 8 I. *3^; ■ * I , • • <v- • - r Coach Gourley Instructs Center And Quarterback On Snap * * ’I * Part Os Seventh Graders In Program Eighth Graders Take Their Spots KM"* Swfe*’-'’ " N >«* * r ■ x pt* • X. 18 ’ J J Coach Gourley Helps Young Boys I - if r IM M. • C' •->- * " K Jr. • if hs. jamirttidlfcjiwi .Jhk