The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1911-05-25
NEW CITY HALL
BONDS ARE SOLD
UNION INVESTMENT COMPANY OF
MINNEAPOLIS PAYS $4to
AS PREMIUM
PLANS FOR BUILDING CONSIDERED
Commercial Club to Have Quarters In
Hall, But it Will Be Impossible
to Accommodate Guard

The city council met in special
session Saturday evening to dispose
of the 100000 of city hall bonds II
was found that eight bids for the
bonds had been received and all but
one carried "A premium, although one
firm only offered $25. The highest
and best bid was from the Union In.
vestlment company Of MINNEAPOLIS.
which offered IA premium of 1886.
This was over double the premium
offered by any other company and
was very evidently a mistake, as they
offered this for twenty.year bonds.
while the city hall bonds are optional
with the city after ten years. The
auditor was instructed to confer with
the company and an adjournment was
taken to Monday night.
Monday night the new bid Of the
Minneapolis company was opened and
was found to be $40, which was
'NN'''N W w Lht DtOI Nv anu IL was
accepted. There was another bid of
$~il1.l0, but the Union Investment
%campany's bid was the better, as they
agreed TO furnish all the blank bonds,
which is quite an item.
Following were the bids received:
+. II. Rollins, $411.40; C. ii. Coffin,
$101; Catten, May e Co., no premium;
Robert A. Kean & Co, $3.50; Mime
sofa Loan & Trust Co, $25; Union
Investment Co, $40; S. A. Kean e
Co., SEQ; II. C. Spears & Co, $55.
The successful bidder is the same
company that purchased the court
house bonds last winter, paying $1,000
premium on the 800, 900, and their
bid on the city hall bonds was in
proportion ever more liberal, showing
that the financial condition of this
city must be excellent.
Alderman Hoover, who had been
sent to Huron to confer with the
architect regarding plans for the new
building, reported that in the opinion
Of that gentleman it would be i'm
company. The council would have
liked to provide quarters for the boys,
but with the amount of money at
their disposal and the number of
departments Of city that must be given
room il was absolutely impossible to
accommodate them.
The council voted TO allow the com
mercial club Of Brooklngs to have
rooms in the second story at a rental
Of $3.50 a year, the city to furnish
water, light and heat. The rooms will
be fitted up in the best OF style, with
shower baths, lavatories, reading
room, pool and billiard tables and
other conveniences, and will make an
ideal home for the club.
The plans for the new building
we're discussed and agreed upon
about as follows, although 1t is likely
that there will be some changes: The
fire department will occupy the great
err part OF the first floor with their
equipment, sleeping apartments for
Iremen and a room for holding their
meetings. The city auditor and n
or two other officers will have quar-
ters on this floor and there will be a
city bastile for the safe keeping OF
disturbers of the peace. The second
floor will be occupied by the CONNER
cial club in the front end, back OF
which will be the council rooms, and
in the rear a large assembly roo for
the holding Of caucuses and other citi-
zen's meetings. The building will be
substantially built OF brick and will
be about 50x100. 1t will be located
on the site Of the old city hall, facing
Williams street. 1t Is expected that
Mr.. Issenhuth, the architect, will have
the plans ready in a short time.