Waterbury Democrat., 1901-04-30
BOARD OF ALDERMEN
R. L. Day & Go Was the Lowest Bid
 der on Bonds.

oCl OAA ASOAAA0s
 The board of aldermen held a spe- cial meeting last night for the purpose of taking action on the bids for city bonds. Besides Chairman Hall there were present Mayor Kilduff, City At torney Kellogg, City Clerk Ryan, Al dermen Kane, Morris, Boylan, Ma nancy, Blakeslee, Chesson, Walker, Cross, Comptroller Russell and City Treasurer Gibson, Sheriff Mcdonald walked up and down the chamber looking threateningly in every direc- tion so that no one feared an attack from robbers. The meeting was called to order and after the reading of the call by the clerk, it was voted on mo- tion of Alderman Blakeslce to open the bids. The propositions were re- ceiyed as follows:
 R. l.. Day & Co,
 New York and Boston,
 Boston, April 27, 1901. M. J. Ryan, City Clerk:
 Dear Sir-For your $310,0O0 Water bury, Conn, BIZ per cent coupon school bonds to be dated January l, 1901, and due $10,000 each year, we will pay par and a premium of two and seventy nine one thousandths (102079, and accrued interest to date of delivery, which is equivalent to $1,020.79, and accrued interest for each $1,000 of the bonds.
 Also for the S125,OO0 31s per cent coupon water bonds of the city of Wa terbury, Conn, to be dated January |. 1901, and due 5000 each year, we will pay par and premium of one and sixty-five one thousandths (101 ,65) and accrued interest to date of deliv- cry, which is equivalent to $1,016.50 and accrued interest for each $1 1000 of the bonds.
 These bids are made subject to the bonds being legally. and regularly ad- justed to your requirements.
 Yours truly,
 R.L. DAY & co. Thompson, Penney & Crawford, Boston and New York,
 April 2, 1901. NJ. J. Ryan, City Clerk:
 Dear Sif-We beg to submit for your consideration the following bid for the $435, GOO city of Waterbury, Conn, 3 1a per cent bonds.
 For the $310,000 school bonds of $1 ,0OO denomination, bearing interest at the rate of 31a per cent, payable semi-annually, bonds dated January l. 1901, and maturing $10,000 each year, from January 1, 1902, to January 1, 1882, inclusive, we will pay $101.59, and accrued interest.
 For the $125,000 water bonds of $1,- 900 denomination, bearing interest at the rate of 31s per cent payable semi 1~< .7~-a a<,t T.~ and maturing $5,0OO each year from January 1, 1902. to January l, 1926, in- elusive, we will pay $101.31 and ac- crued interest.
 The legality of the issue to be ap- proved by Messrs Delafield, Gould & Longfellow, New York city, upon agreeing to furnish certified copies of all legal papers that may be re- quired to establish the legality of the issue. As evidence that our bid is made in good faith we hand you, here with, oE,- cheeks aggregating $4,350. If We are not the successful bidders, kindly return the checks to us by re- turn mail
 Respectfully submitted, THOMPSON PENNEY & CRAW-
 FORD.
 After the reading of the bids a re cess was taken and all gut out their pencils and started to do some figuring when it was shown that the total amount of the premiums would foot up $8,5094O. This was not quite as good as the city has done on previous occasions, but all things considerd the bid of Day s& Go was regarded flaw orably and it was decided to accept it. When the meeting reconvened the fol- lowing resolution was passed unani- mously by yea and nay vote:
 Voted, That the proposal of R. IL. Day & Go, Boston, Mass, for school bonds of the city of Waterbury, to wit: $316, ,444. 90, and accrued interest for $31O,OOO of said bonds, dated Japu- ary 1, 1901. and maturing on the first day of January 1902, the amount of $1O,000 for bonds numbered from to 10 inclusive, and on the first day of each succeeding January thereafter the amount of $1O,OOO in bonds bearing consecutive numbers commencing with the lowest numbers outstanding until the final amount of SIG, ,000 natures and becomes due and payable on the first day of January. 1882, and to bear in terest at the rate of three and one-half per centum per annum, interest. paya- ble semi-annually on July 1 and Janu- ary 1, i'll each year, be and the same is hereby accepted.
 Voted, That the proposal of R. l.. Day, & Go of Boston, Mass, for water bonds, fifth series, of the city of Wa terbury, to wit: $127, ,O62.50, and ac- crued interest for S125,000 of said bonds dated January l, 1901, and ma- turing on the first day of January, 1902, the amount of $5.O00 for bonds numbered from to 10 inclusive, and on the first day of each succeeding January thereafter the amount of $5,- 900 in bonds bearing consecutive num- bers commencing with the lowest num- bers outstanding until the final amount of $5,000 natures and
 becomes due and payable on the first day of January, 1926, and to bear interest at the rate of three and one-half per centum per annum, interest payable semi-annual- ly on July l and January 1, in each year, be and the same is hereby ac- cepted.
 fTSI,r Fer,x, i....1 ..l.