Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-10-08
AFFAIRS At SOUTH OMAHA
Twenty Fourth Street Bonds Pass th
Buyers Attorneys in East
BLANKS WILL NOW BE FORWARDED
New Ordinance 60 he introduced Pro-
vidinE for Payment of Nine Hun
dred Dollars a Year Interest
on Bonds.

Late Saturday afternoon City Clerk Gilin
received a telegram from W. ]. Hayes &
Sons OF Cleveland to the effect that the
Twenty-fourth street paving bonds would
pass the bond buyers attorneys. The tele-
gram is in response to an inquiry wired
early in the day asking for information as
90 the probability Of the paving bonds
being accepted. Hayes & Sons telegram
roads: General bond blanks will be for
warded next week. Wire us number and
date Of passage OF intersection bond ordi-
nance"
The statement that the blank bonds for
$4,000 for the payment Of the paving OF
Twenty fourth street is evidence that the
bond buyers attorneys have passed upon
the legality Of the issue and that the bonds
are now being autographed. In the inter-
section bond ordinance, which calls for
$4,000 for paving the intersections on
Twenty-fourth street from A TO q streets
there was an omission which will have to
be corrected at once. In letter to the city
clerk received Saturday afternoon atten-
ton was called to the fact that in the inter-
section ordinance provision had not been
made for a sinking fund to gay the inter-
est and principal on these bonds. Hayes
6. Sons took the liberty of enclosing an ordi-
rance with the request that It be PASSED
nj once The amended ordinance calls
for the levying Of tax to pay $500 year
interest on the intersection bonds, the said
tax TO be collected annually the same as
general taxes and the amount TO be placed
IN an intersection fund and applied solely
10 the payment of the principal and inter-
est.
II was found impossible TO get the council
together Saturday to listen TO the reading
of this new ordinance so It will go over
until Monday night. Adjourned meetings
will be held the fore part of the week Ia
pass this ordinance so as to cause as little
delay as possible.
Hayes e. Sons further write that the In
tersection bonds are now I'm the hands OF
the photographer and the number of the
ordinance and the date of passage is all
that is holding back the issue. With the
receipt of the general bonds next week
the mayor and clerk will attach their sig.
natures and deposit the securities witt
the Packers National bank until the inter.
section bonds arrive and are signed. Their
the entire issue OF $4,000 will be sent east
to the buyers and the transfer completed.
The statement that the bonds have beer
approved will permit the contractors, Parks
johnson & Parks, to start work on the
pavement at once as there will be bu
little delay in the receipt Of the money
after the bonds have been signed and de-
posted with the Packers bank.
Some work has already been done on thii
pavement, the contractors having taken NJ
he half block of stone pavement at
street and reset the same. The securing
If material and the tearing up of the ole
concrete pavement will start during tn,
week 1t Is the intention of the contractor
% lay the pavement on the east side o
rwenty-fourth street first.
Condition of City Funds.
City Clerk Gillin issued Saturday a state
nent showing the condition of the various
'unds on October /. The amount of tn
1865 levy available is $147,367. To this
added the balance of $52,046 from the 100
evy, making a total available for warrant
II $780, "a OF this total amount there hai
been drawn UP TO October / the sum o
81 ,102, leaving a balance In the funds o
1881. No money has been drawn fror
he water fund so far this fiscal year an
here remains in this fund the sum o
I1s,96i. The curbing and paving FUND
amounting to $3.50, has not been touched
out money has been drawn from all o
he other funds. Two months of the hsca
year are gone and the expenditures hav
not been large.
Eagles Play Bail Today.
This afternoon South Omaha aerie NJ
1884, Fraternal Order OF Eagles, will b
entertained by Council Bluffs aerie at tn
driving park across the river. Those of tn