Pine Bluff daily graphic., 1915-07-21
PAVING DISTRICT BONDS BRING BIG PRICE AT AUCTION Starting Below Par, Bidders Finally Offer Premium
 for Laurel Issue. CONTRACTORS BID
 BELOW ESTIMATES Judge Gould Buys $4O,0OO Bonds for $40, 100, and Assumes Expense of Is. suance-kaw Paving Company
 Gets Contract for $43,."03o.5O.

Judge James Gould yesterday pur- chased the issue of S4O,OO of 2O- year, 6 per cent bonds issued by the commissioners of street paving dis trict No. 34, paying therefor the face value of the bonds, S40,0O0, a bonus Of $lO0, and all costs of issuance of the bonds, these including the cost of the necessary legal opinion as to the legality of the bonds, and the printing of the bonds
 It is estimated by the commission CTS that the acceptance of Judge Goulds bid for the bonds means that the district actually receives cash amounting to $40,10O and in addition saves $75 for the printing of the bonds and perhaps $175 or 200 for the necessary opinion on which the bonds are based. making the aggre- gate really $4O,375.
 At the same meeting of the com missioners, the contract for the paw ing of the streets in the district was awarded to the Kaw Paving company of Kansas City, for $43,202.50. It had been estimated by the engineers of the district that the paving and other incidental work would cost about $44. 4.400.
 Many Bidders Present. s->-
 The commissioners, J. H. Hudson, E A. Howell and Earl Phillips. met in the office of Coleman & Can't, at torneys fe rthe district, to receive the bids and make the awards. at 10 o'clock yesterday forenoon The bids for the bonds were verbal. in the open, and the price, par and bonus, is said to be the best received for improvement bonds in this section for quite a number of years.
 Bids for the bonds were offered by Judge Gould. w. c. Hudson, the Peo- ple's Savings &Trust company, the Cotton Belt Savings & Trust con- pany, C. H. Triplett and the Sim mons National bank.
 There were three bidders for the work of laying the pavement. These were the Kaw Paving company Of Kansas City, Shelby X Bateman of Pine Bluff and Little Rock. and the Globe Construction company of kala- mazoo, Mich.
 District Is Large.
 Improvement district No. 34, more familiarly known as the Laurel ana Fifteenth avenue district, includes an aggregate of 22 city blocks which, with the intersections, are to be paw ed with a 5-inch concrete base anu asnhaltic top surface.
 The district includes Laurel street from Sixth avenue to Fifteenth ave- nue; Eighth avenue from Laurei street to Walnut street; Ninth ave- me from Iiaulel street to OilVe street: Fifteenth avenue from Cher- nv street to State street.
 The contract awarded yesterday to the Raw Paving company calls TOT the laying of approximately 23,57o square yards of asphaltlc concrete 11.625 lineal feet or con crete curb and gutter; and six blocKs of storm sewer in connection. Ihe work is to be started by August l. and if is expected it will be coih- nleted by the beginning of the winter
 The county will contribute from the r,,ad +ax collected within the city s10 GOO toward the cost Of the m- County Judge rnilpo' seeking to encourage street better ment. min, u.a
 rho commissioners of Improvement district No. B, the Cherry street pay ino district, will open bids al Io o'c,ock this forenoon in the onlces of Coleman & Can't. attorneys's 10, tho bond issue for the district. ana for the work of laying the pavement " The he bond issue will have race v.lne of s35, 300. and the bonds Will rn,u rnn twenty years, bearing per cent intarest M The work involved m tne contract is the paving of Cnerry ee 2, street eH car tracks; 5000 lineal feet oo o1 sonrth avenue, and embraces l1,o4o souare sou m yards of asphaltic concrete co .eax4,E nau;ne. na 1O,15o square yards Of ver1i. pal fibre brick, to go between tn. stroat on ca rtracks; 5000 lineai rect ol eoncrete s.,vvr M curb and gutter; AS cuD1e vords of reinforced concrete m cui. yarts s,arts and 3.20O feet of storm sewer The TS - estimated cost of the work II .hor+ S60. 900.