The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1911-04-04
COUNTY SELLS
NEW ROAD BONDS
Bonds for Six Districts Sold in
Lump to VIM. R. Comp
ton & Company.
WERE PURCHASED At PAR
The Total Amount Involved in the
Transaction Was $4,000.
Purchasers Put Up a
Still Forfeit.

| one Oh lHt ulSStSt ItHiutidl QNdl0
ever negotiated in Ellis county was
consummated Monday afternoon
when the county commissioners sold
to VIM. r Compton & Co. of ST,
Louis road bonds amounting to
S444,000. This sale included tho en-
tire issue of the bonds voted in six
districts last summer. The purchas-
ers of these bonds were represented
here by f. A. Tobleman of Calves
ton They were bought at par and
will be paid for in cash just as soon
as they are approved by the attoT-
neys of the buyers.
Negotiations for the sale of these
bonds had been in progress several
days and some of the bidders had
been in the city more than a week
Executive sessions of the commits
sioners' court were held almost daily
and all bids were considered secretly
Those who failed to purchase the
bonds asked the court not to make
public the bids submitted by them.
1t is understood, however, that the
bids of other concerns were not far
apart aIr4~were not very much below
par They also wanted the court to
have the bonds reissued in serial
form This the court declined to do
and also made it plain to the bidders
some days ago that the bonds would
not be- sold below par.
! 1t is now believed road building
actvies will soon be resumed in
I Ellis county. No hitch in the deal is
( anticipated by the court. AS an evil
dence of good faith the purchasers
have deposited with one of the banks
certified check for SO 900. The
delivery of the bonds by the county,
however, will be DELAYED possibly six
weeks or two months ON account of
the entire issue having to be reprint
ed. Since they were authorized and
issued last summer a number of
changes have been made in the per-
sonnet of the commissioners court
and in order to make them valid
they must be signed by the present
court After they have been reprint
ed it Will be necessary for County
Judge Lumplins and County Clerk
Neal to affix their official signatures
to them. This is task that VIII re-
quire several days. The bonds VIII
then be ready to be submitted to the
attorneys Of Wm. r. Compton & Co
for their inspection. If the bonds
meet with their approval then they
Will be delivered 10 the purchasers
by the county who in turn will re-
ceiye a draft for the entire amount
of s444,000, which will be placed
to the credit OF the different road
districts, The Work OF CONSTRUCTING
PIKE roaos IN these ,t a,s'rlo'S WI -
theh oe eoilliilUil'e'l. i-'iis I'M -
now the leaulhS cuohlS u, 'ne SO, r
IN tne lssuan1e anu S''Ie ~ DonU' aad
the cois't uc'lon % $50 -, 49,.
"heh 'ile "oi ~ - ~, -; ~
Is coinpieteu ano Il. 49, 80
huilper oi l'iiie9 VI piN' 'o'u9
The bonds whlch were soio Hon-
, day were 1or uis'rlc's No - o. = %
and T.
District No. includes the town OF
Maypearl and is the smallest in the
county. The amount of bonds issued
z is $4,000 The rate of interest is
- per cent The assessed valuation
, is $764,230. The tax levy for 1916
t for this issue was % cents on the
r 500 worth Of property. The district
p contains 1895 acres of land, NINETY
, per cent of which is in high state
1 of cultivation The present popula'
ton of the district is estimated Al
p 1 800. The bonds were voted June
r 4. 1910. One hundred and fifty-tW(
y votes were cast for the bonds anl
thirty-nine against
r District No. 3 includes the town
% Of Ennis. The election was held
:. June IA. 1910. The result was as fol
Y lows: For the bonds 1913, against