The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1911-07-11
SECURED HIGH
PRICE FOR BONDS
AT A MEETING OF THE CITY
COUNCIL HELD LAST NIGHT
THE CITY SECURED BIG PREM
IuM FOR FILTRATION PLANT
RoNDs-oTHER MATTERS.

That the city bonds of Fargo are
valued very highly was again en-
phasized last evening at the meeting
the city council when the filtra-
ton plant bond issue was sold at a
high premium The Minnesota Loan
e. Trust Co, Of Minneapolis purchased
the bonds and paid the city a premi-
UNI of $2,525 to get the papers; the
next highest bidder being the Wells,
Dickey Co., at 1889. The lowest bid
offered was $50.
The question of receiving oral bids
for the bond issue sale was considered
by the council. Representatives Of the
companies that proposed buying the
bonds stated they would prefer an
oral bid. However, when the sealed
bids were opened and the price offered
by the Minnesota Loan & Trust Co.,
was read. none of the representatives
present desired to raise the bid at
public auction and the council ordered
the bonds sold to the highest bidder.
Auditor Absent.
Owing to the Illness OF e. r. Or
chard, the city auditor, he was not
able to be present at the meeting and
for this reason the council meeting
last evening was in many respects
rather unimportant as the business of
the city is largely manipulated
through the auditor. However. there
will be a meeting of the city dads
again next Monday evening at which
time it is hoped that MIR. Orchard will
be present, If his condition is improv-
ed.
a. -. ...o+i,,nr 4a~+- ax,a,,3y>r, ao+s,, =
Deputy Auditor Holzertransacted the
work of the auditor and he was as
sisted very materially by the mayor
Officers Reports.
| The reports OF the corporation offic-
| ers were received and all of them
Were very favorable. DIR. j. w. DUN
ham, the city milk and meat inspec-
tor, gave a very good report. He told
/ Of the examination and inspection Of
several OF the diaries that supply milk
to the city and the condemnation OF
two cows in one of the dairies be-
cause of their unftness to supply
milk for consumption.
The report of the chief of police
showed that there had been las ar
/ rests made and that $276.50 had beer
/ collected in fines. The department
has recovered 1912 in stolen property
during the month Six motor enthus.
lasts had been arrested for speeding
and twenty-six was the highest mum.
Der of prisoners in the Jail during am
| one day.
Kennedy Gets Contracts.
Bids were opened at the council
meeting and read for some sewer worl
and the laying Of water mains from
| the pumping station to the liberation
plant. In both cases James Kennel,
was the lowest bidder by far, and thu
council awarded him the contract fo
the work.
The water main contract is the mos
valuable one and the cost of the NAH
win be about $4,000.
G. Norman applied to the city coun
ell for O plumbers license, but in 81
doing failed to make out the prope
application. AS soon as his applica
ton has the approval OF the city at
torney, the city auditor will be Above
to issue TO Mr.. Norman licenoe. Ell
has been successfully practicing In TIA
city for several years.
4 City Depositories.
five pAuKS OIL TAG CITY AAASl dppAAGA
tions to become city repositories. bu
the two national banks failed to fl
their bonds and stipulate wha
amount they would desire to have de
posted with their institutions a.
the banks were willing to pay the cit
per cent on the average daily bal
ance carried on the books.
The banks making bids were, til
First Nationl bank. the Merchant
National bank, the Dakota Trust co
the Northern Savings bank and til
Scandinavian American bank. TIL
last three filed bonds with their appli
cations. The matter was referred |
the finance committee which will re
port at the next meeting OF the coun
ell.
The city engineer filed another pre-
liminary estimate of the cost Of III
work on the filtration plant. "a