Gainesville daily sun. (Gainesville, Fla.) 190?-1938, 1907-02-09
TIE BOARD MAKES ANSWER.
Gainesville, Fla. Feb Z.

Gainesville, Fla. Feb Z.
Editor sun: have read the arti.le
published in your paper Of this date,
IN which you PROFOUND certain ques-
lions to the members Of the Board OF
Public Works. and inasmOch "a you
siate that these inquiries are made at
the request of many OF the largest tax
payers and best people OF Gainesville.
I secept of the sincerity and integrity
Of your inquiries, and wLhOut consult
Ing the other members Of the board,
make the following answers, toWit:
let. The se5 10000 Of bonds were
sold By the hoard, and credited 90 thi4
board on the books ~ the Two hanks.
the First National Bank OF Gaines
vile and II. F. Dutton < Company. on
April 18th. 1903, the board being then
com posed Of n r DuttOn. Wilson,
Pm. Colson. ). J. Thomas and w. w.
Hampton The order authorizing the
sale sppears uIon the minutes OF this
board OF March 2Sth. 1905
2nd. We did receive par and ac-
erued interest for said bonds.
3rd. This board paid, and had
charged TO our account, the first six
months interest accrued on the said
bonds, and those comp ons were clipped
and delivered to us for cancellation in
the balancing OF our bank books on
June let, 1908. As TO what time they
we're charged % by the banks ] sm On.
able TO state. know they were de-
livered 90 our board, and in the report
made by our board to the City Coun-
ell OF the city OF Gainesville OF oil
funds received and expended up to the
lat Of June, 1905, which was transmit.
ted By me 10 the City Council on the
Ind Of June, 1905, q fUll and com.
pleie state ment was furnished TO the
City Council, all vouchers delivered
20 the City Council, including the
cancelled coupons above referred 10.
This account vas checked of, ratified
and approved by the City Council, and
proper certificate given 20 DOR board
therefor These coupons we're paid
by % because 81 the fact that the city
had made TO Assessment for such
purpose, and would have been in de-
fault had noS this board paid this six
months interest. This action Wa ap-
proved by the City Council, and rail-
bed by them
4th. There was no objection or pro-
test from any member a. TO the action
OF this buaid il the pay nen' 81 the In-
'eresi, or tie sale Of The bInd-, AZ IL
Disclosed by the records ~ the board I,
nor have any knowledge Of any such
objection W protest.
oh. II you desire 70 ascertain the
average amount deposited to the cr-t.
Hoi the city in the sale Of these bond,
the bank book, stub, AID other re"-
otls ~ thIs busri ar open 10 iusp@c.
'lon, for sou 20 make such calculation
and lnve'tig.ton. am unwiliing TO
make II for you, especially ss receive
no Compensation for my services.
oh. The money deposited from the
sale Of thr,e bonds ha- not been draw
ing interest. The mouey was deposit
90 subject to ch-ck. AND in the con-
TAet for the saie Of rhese bonds Il wac
Asfeed that the moneys would be sub
!eet TO check, a. the public improve
m.nts progressed, ard that he same
should not draw interest This board
vac compelled 90 make this contract
70 induce the purchaser 10 boy the
O0hds. We advertised for bids, and
iAi'ed to sell the bonds We com
nunieated with numerous hnsnciers
30 al paris Of the county, AM used
"ssfy EFFORT 90 sell the bonda There