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January 18, 1929 WILMET T ·E LIFE 43 · We own and offer, when, as and if issued $125,000.00 THE BOLTWOOD APARTMENTS 6v2% First Mortgage Serial Gold Bonds (Closed Mortgage) -· f1 GOLEE offers to conservative investors S 6 Yz % First Mortgage Serial Gold Bonds (closed mortgage) secured by The Boltwood MART Apartments, I 235-4I Elmwood Avenue, just south of Dempster Street, Evanston. This is a mode_rn three story brick building of 24 apartments of four and five rooms, featuring electrical roll-a-way beds, incinerators, refrigeration, Twenty garages. showers, oil heating, etc. Exterior in red colonial brick with Bedford stone trim. Description of Bonds: Dated November I5, I928. Interest payable semiannually May and November I 5. Coupon bonds-denominations$ I oo.oo, $5 oo.oo and $I ,ooo.oo. Registerable as to principle only. Redeemable on any interest date upon 6o days notice at I o I and interest. Payable as follows: $6,ooo on November I5 of 1931, 1933, 1935 and I937; $6,500 on November 15 of 1932, ·1934 and 1936; $81,500 on November 15. I 9 3 8. Owned by Michael L. and Anna L. Hayes. Now being erected on lot · I I ox2oo feet, leased from trustees of Schools of Districts 7 5 and 7 6 under a 99-year lease expiring October 3 I, 2027. A certificate of valuation on file at this office gives .a total valuation of$ I 8s,ooo. The annual income is placed at $JJ,OOO.OO gross, nearly four times the greatest annual interest charge. PRICE: Ioo and accrued interest to net 6Yz% from date of delivery. been issued by the Chicago Title and Trust Company for the full amount of the bond issue, guaranteeing that the trust deed conveys the lessees' interest in said leasehold estate. Fire and Tornado insurance have been issued on the .)nilding covering the amount of the loan and is held by Smart and Galee, Inc. The exclusive man~gement of the property is vested in Smart ~ Golee, Inc. during the life of the loan for the further protection of the bondholders. Guarantee: Smart C1 Golee, Inc. unconditionally guarantee the purchaser of any one or more of the bonds herein described. that the building now being erected and herein described will be completed free and clear of all prior liens, reserving the right, however, to discharge such liability by the repurchase of said bonds at the original purchase price with accrued interest thereon to the date of such re-purchase. Other Safeguards: A Mortgage policy has University 28.' i 1564 Sherman Ave. Evanston, Ill. Rogers Park 02 72