Omaha daily bee., 1905-12-19
AFFAIRS AT SOUTH OMAHA
Bale Of Funding Bonds in New Yorh
Announced for City
SAVES MUCH INTEREST EACH YEAR
hopptzc Bros. HANDLE DeaI which
brings Nice Premium and VIII
Relieve TaxpRyer- of an
Annual Charge.


~
..y.s.,
Considerable satisfaction was expressed
~ HE ity C1Iks osice Yesterday afternoon
over a communication from New York city
announcing that large block of the South
Omaha rofumlius bonds had been sold to
Moore. Baker d CO., bankers Of New
York, Tho letter announced that the
above company had purchased s7OCs OF
these az pcr cent bonds at premium
amounting 80 S1,07S Beside this the COM
pany agrees to pay for the lithograplling
and printing Of the now bonds. which
win bc an item OF sl25 at least They also
psy the acctund interest. Tho clerk agreed
that this looked well for the credit Of
South Omaha in cvery way. Tho proceeds
Of this sale will he Immediately trans
ferred to Duke Farsou & CO. Of Chicago.
the purchasers Of the funding bonds issued
in 1900. This will he saving to the city
of 81 itGl6 each year. as the old bonds
horc interest n per cont. The new bonds
will be signed and certified as soon as
Tho remittance from Moore. Baker 81 CO.
arrives. This sale WAS arranged and pro-
NOTED by Kountze Bros. of New York, who
are the fiscal agents for the city.
g he city treasurer reported that city
taxes are being paid at lively rate. at
are determined not to pay interest on their
at tho same rate ms they have paid during
the last week there will be very little to be
entered on the delinquent lists at the end Of
the year"
city Hall Bonds Sold.
surprise was sprung at the city coun-
ell meeting last night when Lyman spitzc.,
representing the bond firm of Splitter &
Co Of Toledo. asked to he heard, and then
after "A few preliminary remarks offered
TO take the city hall and city hall site bonds
Of $4,000 at the hid which his firm made
last April The bonds had been awarded
to Hays e. Co. but that firm had not taken
them, as injunction suit had stopped
the sale. The next lowest bidder had not
appeared, so Mr.. Splitter offered to renew
his bid and take the bonds in spite of all
threatened litigation. He offered a pre-
MUM of SECS, or sl41 less than the bid of
, Hayes & Co. He offered to pay $1,000 at
once, $4,000 in three months and $4,000 In
four months. These bonds run for twenty
years.
A resolution was passed that Splitter &
Co. being the highest bidders the mayor
and city clerk were authorized to deliver
tho bonds tn Splitter & 60, when payment
was made, the first payment to be made
on or before January g.
Tho city attorney was instructed to draft
an ordinance, requiring plumbers and any
= one opening the pavements to pay for an
inspector to see that the pavements were
replaced in a proper manner.
A resolution was read from about twenty
business men of South Omaha, throwing
bouquets at the city council for the OK
peditious manner in which the repavnS
" Twenty-fourth street has been brought
about and also recountng the great benc-
fits to I've derived from this improved
thoroughfare.
A resolution was introduced by Queenan
and unanimously passed by the council
that THE water rates now in force in
Omaha shall he declared to be the rates
THAT psRall hereafter be charged for water
Ia South Omaha, that the Omaha Water
company shall be notified to that effect
and the city attorney is hereby instructed
to use any means necessary to carry this
resolution into effect"
The city clerk was instructed to advertise
for bids for plumbing, electric wiring and
heating for the new fire hall, the bids to
he In by December rs. A final estimate
was allowed Dan Harmon for sl3224 for
srading Sixteenth street north of Missouri
avenue.
As the second partial estimate to Parks,
Johnson & Parks for paving the east side
az Twenty-fourth street far south as
Missouri avenue the council allowed
slO,502. 81 and for the intersections s., $50 s..
The first estimate allowed was s71l4SO and
s1,2Hs2 FOR intersections. Ten per cent is
withheld.
The Omaha Water company notified the
I city council that now fire hydrauts had
\ been located, one at the northwest corner
= NJ Thirty fourth and streets, and one at
the northwest corner of Thirty-fourth and
w streets.
An ordinance was passed declaring that
special taxes and assessments be levied or
property in South Omaha to the extent OF
sEaSS,6S for permanent walks laid by Gus
IIaInel, These become delinquent in fifty
days For grading done by Dan Harmon
the sum of 5000 81 was assessed against
property and for cindsr walks laid lay
n George Dunston the sum OF S5LS9 was
] assessed. 80 .'....
An ordinance was introduced providing foi
the ssuqnce OF bonds TO pay the cost Of
grading the portion of Seventeenth street
from point near Missouri avenue to tn,
south line of ] street.
Temporary sidewalks were ordered or
both sides of Twenty street from
A To streets.
The Grade of Fifteenth street was es
tabllshed from Missouri avenue to
street and an ordinance passed or
derng permanent sidewalks ON both sdei
Of Tweuty-seventh street from Il to /
street, and on both sides of J street from
* 70 street Permanent sidewalks Were
ordered on both sides of ID street from
Twenty-fifth TO Twenty seventh street.
Payment 10 the Teachers.
The treasurer paid warrants to all thu
school teachers OF the city yesterday after
noon. The total viii reach over N,WO
After the schools closed FOR the day tn,
ONCE was well flled with teachers, mostl!
young women All were paid I'm good
solid gold, which produced smiles of on,
degree Of satisfaction, and that the high
est, on the faces of all.
business AT PostOniee.
Assistant Postmaster l.. 4. Etter state,
that the preliminary steps were being takeI
in the formulation Of the quarterly repor
for the third quarter of the fiscal year