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Bonds To Be Sold To Private Parties

Bonds To Be Sold To Private Parties image
Parent Issue
Day
18
Month
September
Year
1903
Copyright
Public Domain
OCR Text

City Offers Its Bonds to Individuals at Par
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$8,000 FOR PAVING
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Was Allowed by the Council Monday Night - All Shade Trees to be Trimmed
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At the council meeting Monday, with Ald. Coon in the chair, the final estimates for the Liberty street and Fourth avenue pavements were received.

The Liberty street paving cost $23,261.76, including a bill of $229.23 for extras. Of this amount $1,224.30 was held back for a year and $18,883.82 has already been paid leaving $4,442.94 for which a warrant was drawn for Lennane Bros.

The Fourth avenue pavement cost $6,490.80 including a bill of $20 for extras. Five per cent was held back for a year and $2,943.47 has already been paid, so that a warrant for $3,222.79 was ordered drawn for Lennane Bros.

The Engineer divided the costs of these pavements between the city and property owners as follows:

Liberty street - City $8,825.63, property owners $15,660.43.

Fourth avenue - City $1,298.16, property owners $5,192.64

A carload of brick for paving crosswalks was ordered.

The Board of Public Works were instructed to trim the trees all over the city. They were also instructed to construct the curb on S. Ashley street to First street. This will cost $216 or $351 for curb and gutter.

The bids of the banks for the city bonds were rejected and the treasurer will sell them to such private parties as want them at par.