The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1890-08-21
PROPOSALS FOR BIDS.
THE ADVERTISEMENT FOR THE SALE
OF THE BONDS AS PREPARED
BY THEBOARD OF PUBLIC
WORKS.
The Board Of Public Works Is Moving
Along in the Way of Getting Ready
for Work on the Dam.

The board Of public works is Gili-
gent and is leaving nothing undone
in the way of making preparations for
commencing work on the dam.
The work of surveying the river to
ascertain what lands and how much
will be submerged by the impounded
water has been completed and Mr..
Gregory will soon be ready to report.
A change has been suggested as to
the site for the reservoir, and Mount
Barker is now spoken of, and Engineer
Frizelle will make an examination OF
it. 1t is said to be about 100 feet
higher than the sight first fixed
upon south of the river, and if true a
reservoir there will throw a stream
Of water on University hill, nearly 200
feet high. A well is to be sunk on
Mount Barker to ascertain the char
acter of its formation.
Following is copy of the adver
tisemen prepared by the board asking
for proposals for bids for the bonds.
ain accordance with the charter
OF the city, a vote of her taxpaying
citizens, the ordinances of her coun'
Gil, and the laws of the State of Texas,
the city of Austin, Texas, has issued
her bonds to the amount of 81 ,4OO, OOO
for the purpose of constructing a dam
across the Colorado river and erecting
complete system of water works
and electric lighting. Said bonds are
for 81 100000 each, numbered l to
400, both numbers inclusive, dated
August l, 1890, payable in gold coin
of the United States, in the city of
New York, on July l, 1880, but re-
deemable after June 80. 1910, in nu-
merical order, bearing interest at B
per cent per annum, payable quar-
terly, in gold, at the National City
Bank, in the city of New York.
Fonr hundred thousand ($4OO,-
00000) dollars of these bonds are now
offered for sale, this being the amount
required for construction during the
coming nine months.
Sealed bids will be received at the
office of the mayor of the city of Aus
tin until noon of the 18th day OF
October, 1890, for all or any part OF
said 100000 of bonds. Any bidder
taking the whole four hundred (4OO)
bonds now offered for sale, shall have
the option OF taking the remainder OF
the issue at the same price bid for
said four hundred (40O) bonds; said
remaining 1000 bonds to be delivered
during the next twenty-four months
in such amounts and on such dates as
the purchaser and city may agree
upon.
No bid at less than par and accrued
interest will be entertained, and the
right to reject any and all bids is
hereby reserved. Each bid must be
accompanied with certified check for
per cent of the amount bid, payable
to the order of J. S. Myrick, treasurer
of the city of Austin, which checks
will be returned to the unsuccessful
or rejected bidders. Bonds to be de
livered and paid for in the city of New
York, Boston, Philadelphia, Chicago
st. Louis or Austin, at the option OF
the purchaser.
Bids should be addressed "John
Mcdonald, Mayor, Austin, Tex" and
endorsed "Bid for Water Works and
Electric Light Bonds"
Form of bond, together with full
data in the premises, will be furnished
on application.
JOHN MCDONALD,
Mayor of the City of Austin, Tex.