Letter From the Secretary of the Treasury Transmitting a Further Report Upon Th
Letter From the Secretary of the Treasury Transmitting a Further Report Upon Th
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Said notice shall also state the time and place when such bids will be received, and notify bidders that such proposals must contain a statement of the amount of the bonds, date thereof, and numbers, and distinctly indicate the rates at which they are willing to redeem prin- cipal and interest. Such notice shall be given for a period not less than thirty nor more than sixty days, and at the period indicated such bids shall be opened in the presence of any persons who may choose to be present, a...nd a record made of each separate bid in a book to be provided for the purpose, and after due examination shall award their ac- ceptance of bids, first to such as purpose to redeem for the least amount, and so proceed- ing to accept bids in regular order as they may be most favorable to the State, until the amount so accepted shall equal the sum of money remaining for their redemption: Pro- vided, In no case shall a bid be accepted on terms exceeding principal and interest. And in case the same bond or bonds shall be described or included in more than one proposal, the acceptance of a bid shall only be awarded to the bidder proposing to take the least amount therefor; neither shall a bid be permitted to be withdrawn or altered after being once submitted, nor shall any award or payment be made on proposals not submitted as herein indicated.
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To quickly assess the difficulty of the text, read a short excerpt:
Said notice shall also state the time and place when such bids will be received, and notify bidders that such proposals must contain a statement of the amount of the bonds, date thereof, and numbers, and distinctly indicate the rates at which they are willing to redeem prin- cipal and interest. Such notice shall be given for a period not less than thirty nor more than sixty days, and at the period indicated such bids shall be opened in the presence of any persons who may choose to be present, a...nd a record made of each separate bid in a book to be provided for the purpose, and after due examination shall award their ac- ceptance of bids, first to such as purpose to redeem for the least amount, and so proceed- ing to accept bids in regular order as they may be most favorable to the State, until the amount so accepted shall equal the sum of money remaining for their redemption: Pro- vided, In no case shall a bid be accepted on terms exceeding principal and interest. And in case the same bond or bonds shall be described or included in more than one proposal, the acceptance of a bid shall only be awarded to the bidder proposing to take the least amount therefor; neither shall a bid be permitted to be withdrawn or altered after being once submitted, nor shall any award or payment be made on proposals not submitted as herein indicated.
What to read after Letter From the Secretary of the Treasury Transmitting a Further Report Upon Th?
You can find similar books in the "Read Also" column, or choose other free books by United States. Dept. of the Treasury to read onlineMoreLess
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