Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-03-03

AT an adjourned meeting of the citS
council last night the greater part
Of which was held in executive scs-
sion the Provident savings Bank and
Trust company, OF Cincinnati, ohio
MAS declared the successful bidder FOR
the S29o.QoO sanitary sewer bonds of
the city of Albuquetque As stated
Yesterday the bid of tho Cincinnati
house was S304.SSO without any con
diuons
q 3. Emory. Of the bond depart
meut. and Mr. Messlic. Of tho Provi-
dent company. were present at the
meeting last night and expressed thcir
entire satisfaction with the proceed
ings 0f the council in the matter. in
Guiding the passage. under suspen-
sion of the rules, of the ordinance pro-
tding fer the manner in which the
bonds are to be issued and tine interest
paid At conference between the
Fond men and the finance commit
tfe of the council today final details
Al ME transaction viii be arranged,
Including the lithographing of the
bonds and The cost OF the same. The
ProVident cOmpany's offer was accept
,d ater the council went into eNecu-
tive session for nearly two hours and
eoHsi -red this proposal with that Of
ihc runk of Commerce ana the state
National Bank Of this city, The ten
other bids having been eliminated
irom consideration AT lhe meeting OF
tha council Monday nlght
I'm addition to the bond ordinance
q resolution was passed agreeing 10
dcliver the bonds 10 me pureIi"ser
% the earliest possible date ana not
later than May lst'
II rs agreed by the purchasers 'ilat
81 possible expense to the city WI
D. avoided IN the printing ANA delN-
cry of the bonds ana tfncr phases "l
Tho transaction
Tho ordnance was read lhe ilrS'
tmc, iolloWlng winch uhder suspeh-
sion of the rules. II was reao lhe S''-
nd time ana approved py seet'"ns'
Under suspension OF the rulVs = We
considered read the thlr" Hhe ana
then passed. the vote OF tle e"uil'''
being unanimous throughout th' pro-
feeding.
An ordinace proNidlng Tor the lSsu
once of the nesotlapie coupo" poiu9
y NAr vity oI -NIhuqu'lpue ~
leo territory to the amount OF S-'V'-
400 for the construction OF SANITARY
sewer system IN and for saId cll
prescribing the forms OF saia ponnA
ana OF the interest couN"hS |"
thereto attached' proN''lhs ioi ~
lcNY of an annual tax 20 paN 'h' ~
terest on said bonds Wheh que anu \"
prov ide a SINKING lulu l"r ."e
charge OF the princlpal lh'reoi a. M
Wity. and fixing the other de''''S
OF the issue
Whereas. at an clcclioh caii'" @'"
held In the CITY OF AlDuqucrlu', ng
naillo county, New Mexico terflt"ry,
on January l9, A. - lou'' ~ ."
respects IN strict compliance NH" 1n,
provisions OF the law OF th' telii'.ls
of New Mexico ana "i an a'. ui wy
congress Of tae 'nlted states ~ A"'e, 49,.
ica. apprved March a. 1870 en-
An Act To amend an "c1 10 ~
the passage Of local or sp,',ai ''''3
n the territories 10 ihlll sei. '.''' '''
Indebtedness ana so ipIp",
tnan tWo-thiros oI 'H' qua
II said city, VINO were the oW 'ieis
ral or personal property Su"J'
taxation therein, Notea am 'ii'''N N''s
ior the issuance OF the hesotl'D'' 0''u
pom bonds OF sad citN 70 lhV
gate amount OF S-So'uV i"i 'ii' ~.
pose of providing iuhaS TOT e"''s' ~
ng system or sanitary s'Y''a H' anu
l"r said city, ana
Whereas. ii is necessary 10 now
scribe the forms OF said pohus anu vi
the interest COUPONS TO pe tht'e'o "'
ached and TO fix the other d''a'S %
the issue. Now therefore
iie II ordained pN the 'ltA N"u'e"
of the CITY Of Albuquerque, Iefft"rF
Of New Mexico
section j. That iof the purp"7'
providing the necessary iuhas i"'
constructing a system OF sanitary se"
ffs i'm and for the CIV OF Nlpu4u.
ue. Bernalillo county. Ne" MeNlv'
territory. pursuant 10 plans sp''L
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