Omaha daily bee., 1899-03-27
BOND INQUIRIES ANSWERED
Bids to Be Received Until May for an
Issue Of SGT 900,
PRESENT CONDITION OF SCHOOL DISTRICT
Proceeds of the Bonds Are 10 he Used
Principally in Erecting n Much
Needed High school
building.
PRESENT CONDITION OF SCHOOL DlsTRN

/ Secretary Ross OF the Board Of Education
/ is sending out to all persons and firms who
! have made inquiries concerning the bonds
+ 10 be issued by the district circular letter
issued by Treasurer Davis. The call for bids
/ is as follows
Z Sealed bids will be received by the under
signed until noon Of the first day Of May.
I ] Sgg for the purchase OF school building
bonds of said district to the amount OF SbI,-
/ 900 of the denomination Of $1,000, to be
dated July J. 1899, maturing July l, 1900.
payable after five years at the option OF the
district bearing interest at the rate OF a
per cent per annum, payable semi annually,
principal and interest payable at the office
of the United States Mortgage and Trust
company, New y orlS City. Bidder TO tu1hlsh
blank bonds to conform to the statute. at
the option OF the district a certified check
for $500 must accompany all bids, same TO
be forfeited if bidder fails TO make his bid
good upon award to him. The right to re-
ject any and all bids is reserved.
The circular also calls attention to the
fact that the school district comprises all Of
Kane township, Pottawnttamie county, the
larger part of which consists Of the city Of
Council Bluffs; that the assessed valuation
of the district is 81 703 S49 which is about
one-third of the real valuation; that the
present bonded Indebtedness of the district
is S1G2 600 and adding the proposed issue
OF $67 600, the total bonded indebtedness will
be S22g 600 OF the present bonded indebt-
edness 1852 600 bears Az per cent and $4,000
bears per cent interest. Treasurer Davis
further calls attention to the fact that the
district has never defaulted in the payment
OF interest.
OF the issue $4,000 Of the bonds is to
build the new High school with and $1,000
to purchase a site and erect a two-roOm
school building at Cut OFF.
Members Hess and Stewart and Superin-
tendent Hayden, comprising the committee
on plans for the new high school, have held
several informal meetings at which u num-
Der of architects were present and submitted
sketches The committee has practically de-
cided what sort Of a building they are in
favor of and will make a report at the
/ meeting of the Board OF Education tomor
row evening. At this meeting the architects
who are in the field to secure the work will
submit drawings. So far one local firm of
i architects, two from Omaha and one from
Des Moines are in competition for the work
I In discussing the selection of site yester-
day member of the board stated that he
! and his colleagues, as far he knew, were
not in favor of spending more than 100000
in the purchase of ground I'VE have only
s65 900 in all TO spare" he sai- and we
| necessarily need as much of this as possible
to erect the building and then to equip il in
/ the manner 1t should be. / for one am
strongly opposed to paying any fancy price
! for u location and the cost will go a great
way with me when it comes to making a
choice from the different sites offered. When
! 1t becomes known that a public body or a
/ corporation of any kind needs a certain piece
I Of property the owners are nine times out Of
J ten inclined to boom the prices, but in this
case they will find such plan Will not work,
! as ] believe The board is unanimous on
! spending as little of the S65 900 as possible
/ on site II will take quite respectable
sum OF money to properly equip the school
and the board must in consequence be eco
nomical in the expenditure OF the 500 900"