The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-01-19

The city council in special session
last night approved the action of the
board OF bond trustees in selling the
s250,00 issue of city bonds to the Prov
idence Savings & Trust Co. Of Cincin-
natl for the sum of S240,627. This ac-
iton was taken when the board sub
mitted report Of its action of Mon
day, when proposals were opened from
a number OF banking houses.
Those present at the meeting were
President Greenhut presiding and AL
dermen Bear, Concannon. Dunham,
Kent, Kugleman, Meyer. Oliver. Rem
shaw and Welsh.
REPORT OF TRUSTEES.
The report Of the bond trustees fol-
lows:
Pensacola, Fla, Jan. IS. 1911.
To the Honorable President and City
Council, Pensa cola.
Gentlemen: We beg to report that
pursuant to advertisement we opened
bids on the 18th inst for s250.00o
bonds, as follows:
Provident Savings Bank & Trust Co,
Cincinnati, Ohio, $240,627 for s250,000
bonds.
First National Bank Of Pensa cola,
s23, 500 for $4,000 bonds.
Union Savings Bank & Trust Co, OF
Cincinnati, Ohio. s23S.215 for s250.ooo
bonds
E. H Rollins & Sons, Boston, $685.
s25 for $3.50. 900 bonds.
Woodin, .McNear & Moore, Chi
cago, s241,255 for s25oooo bonds.
American National Bank, Pensacola.
s2s4 500 for s25o;ooO bonds.
All bids were accompanied with GER.
titled checks on local banks as required
| except that of Wcodin,. McNear &
Moore. the high bidder. After careful
considerss zion and after making a sec
| ond request that the terms of aover-
| tisement be complied with, which was
refused. we rejected this bid. and ac-
cepted the bid Of the Provi6ent Saw
| ings Bank & Trust Company, of Gin
cinnati, of s240,627 and we ask your
approval of our action.
We. expect the execution of the
| bonds to be completed during this
week, and delivery to be made to the
purchasers by February 1st, through
the United States Mortgage & Trust
Co.. Of New York.
Respectfully submitted,
JOHN 4. MERRITT,
WILL RECEIVE MONEY FEB. 1.
According to the terms Of the bond
sale the buyers will place the money
on deposit in the city of New York on
or before Feb. l to the credit of the
bond trustees. The bonds will be
signed by the mayor, chairman of the
bond trustees and comptroller this
week and sent to New York to be de-
livered to the buyers.
A communication from Mayor Reilly
was read in which he appointed Dan
w. Jones to be street superintendent,
filling the unexpired term of w. H.
Hutchinson, deceased, and asking for
confirmation at the hands of the coun-
ell. Upon motion of Mr.. Bear the ac-
ton was approved.
NO CHANGE IN GRADE.
A petition was then presented ask
ing the council to order a change in
the sidewalk grade on Tenth avenue
between Thirteenth and Fourteenth
streets, the original complainant being
Mrs. A. A. Credible.
Chairman Blocker, Of the board OF
public works, addressed the council
and explained that the board had re-
Gently ordered the sidewalk contractor
to lay no sidewalk in any section Of
the city where a cut or fill of nine
inches is necessary. He said this Or
der had been given some time ago, and
the laying of a sidewalk on the south
side of Thirteenth street was a mis-
take of the contractor but after it had
been started and the owner giving his
consent the work was allowed to pro-
ceed at that particular point, but no
more work would be DONE excepting
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