The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-12-15
THA7MIILION DOLLAR BOND


y PEG 8' o a are Sss .Ss, bse 6a
ssssIss : to &c city times past and
" We're Y: s' an: aGy rI cisGf.d
Detroit ~
Since 1852 there have operated railway companies
10 which there have een made 60 grants
The Detroit City railway became the the Detroit United
railway December 81, leC9
When this system was started November treasury
notes in the sum end eenths per cent
interest required bond that TIE construction woad be accord
with contract
NO BOND FILED
On January g. 1885 an extension Of the lin. Granted
the grant running a. 1909 dpos Of $4,000 and bond
III the sum 0 $4,000 required
record Of the deposit ever having been made
no BOND WAS FILED
On July 81 1885, grant the Tnmbulavs
line running November IA 1909 and bend in the sum OF $1,000 was
REQUIRED for the faithful performance Of the contract
NO BOND WAS FILED
On January 1857 as a settlement brought
company agreed after the city two per cent q us gross
receipts fees and charges against the company TO be discharged
THE TWO PER CENT ON GROSS RECEIPTS WAS NEVER PAID
When the Thd extended July 26 1887 the grant
running A. 1909 bond $4,000 required m faithful
performance Of contract
THE BOND WAS NEVER FILED
On January 1889 the Congress Bush-s, FOrtst east Mt
Elliott and the Mack ires extended al November Il 1909 and
D bond $4,000 REQUIRED Sship performance OF contract
- THE BOND WAS N0T FILED
Street railway taken over BY the D. . Deem,
running to June e. 1915 and bond 5000 eqpce
that the conditions Of the would BE carried out
THE BOND WAS NOT FILED
When the extension OF the line granted
August $1,000 for the faithful performance conditions
THE BOND WAS NOT FILED
The Crawford and East Congress grant January 1915
made January 1889 bond $4,000 TOT inc ahu Out
Of the conditions of the franchise vas demanded
THE BOND WAS NOT FILED
The Dix Avenue railway property the December
81 1900 On April H. 1885 bond Of was required or the
performance Of the conditions q the franchise
THE BOND WAS NOT FILED
Highland railway became the property Of the U Dsoe
IN
ance of the terms of the franchise required
THE BOND WAS NOT FILED,
Between July 10 Of expiration this franchise and
paid rent on these lines ana was operating
The Fort Street and Emwood railway the property Of the
December 81 1900 This grant was made January 81 oo0
bond Of $4,000 bearing teetenths per cent interest was
THE BOND WAS NOT FILED
bond Of $4,000 approved the council for the faithful perform
Of the franchise required - -
THERE is NO RECORD THAT THIS BOND WAS FILED ,
The Chapn granted August ~ 1902 anu
bond faithful performance the terms and con0Oh
Of he franchise required -
The Cadasq and Randoph-st Helenay ana NOUN
Fiotav was laid January bond OF $4,000 for the
faithful performance conditions the franchise TINS
penal required - -n
THERE is NO RECORD THAT THIS BOND WAS FILED
The Detroit railway the property OF the u December 81
1900 the grant running to December 1873 OOna o. @ +
fufnt and execution conditions of the franchise was
required second 100000 default was required 70 De
grant the city Some of the conditions and requirements " TINS
franchise the last granted, are as follows:
The clean inside and ont and shall not Dc over
mooeln 0egn o
comfort heated, lighted, vestbued
NEITHER THESE BONDS WAS FILED.
This is as far as our investigation went total of
$4,000 bond requirements which NOT SINGLE BOND WAS
no