The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1915-03-19
COUNCIL TO Issue
S83,0Qg IQf BONDS
TO BE USED m DEFRAYING
CITY's PART or COST OF
STREET PAVING
BIDS TO BE OPE;NED
|. MARCH THE 31st
AT Special Session Aldermen Yes
terday orssinansss Providing
for Issuancs Of Bonds
Were Adepted


2s-s.A "A anr9i iaRS ees fiz ag and 5di-.
recting the city council of Anderson
10 Issue and sell coupon bonds of the
par value of $4,000. to be known as
permanent street improvement
bonds" and to be used in the payment
of the city's one-half OF the cost or
laying street paving in the city. was
adopted yesterday afternoon at c.
special session OF the aldermen held
at o'clock
Receive Bids March 81.
The ordinance further provides that
bids for the purchase of the bonds
shall be opened aud the bonds sold
on March 81, next. or on some con-
vcnient date thereafter, IL tho council
SHOULD deem it advantageous to the
city's interests. at the city hall. The
bonds will be cf $1,000 denominations
each and shall bear. interest at rate
not exceeding > per cent per annum,
interest payabie scmi-apnually. The
term OF the bonds and the prevailing
rate OF interest are points which VIII
be determined after bids nre received
on 80, 40 and 80 year term bonds. at
interest of 4, 1-2 and per cent. The
ordinance in full is published in
another column of The Jntelligencer
this morning, in the nature OF q legal
advertisement.
City's Bond IimiI.
II had been generally supposed that
ci.y council would authorize the is
suanocs OF bonds to the amount OF
100000. IL developed ON examination.
however, that the cisyis bond margin
was but $4,000. Consequently bonds
exceeding that amount cannot be is
sued and sold.
Another Ordinance.
Prior to the adoption OF the orli-
nance above mentioned, council adopt
ed an ordinance Ito provide for the
payment OF the coat of permanent i'm
provoments ON the streets of the city
of Anderson. s.. c., by laying upon
the owners CT property Immediately
abntting on the STREETS as Improved
an assessment in proportion to the
frontage OF such property. declaring
lien upon such property for the pay
ment OF the assessment, etc. -
Traffic Regulations.
When the resolutions mentioned
above had been adopted council re-
ceiyed report from the police COM
mittee with refsrenee TO the conges-
tion of, traffic at the fcw passenger
station OF the B!uei Ridge depot. rbe
irollce will be instructed to enforce
i the traffic regulations in regard To the
, matter. shat Il, not allow mail cr
express wagons TO stand in front OF
the station for longer at q time than
Is minutes; not allow teams to be
backed up to the curb with the
horses's heads turned into the street,
but make them atop facing north and
/, south; not ailow the soliciting of
patrons by hackman. etc.
Sidewalk Paving Ordered
Council authofized the street com
m!ttee TO have the city engineer pro-
coed with the laying OF certain side
walks about che city as soon al yyorl;
now under way on Ritter streeS is
completed ABection OS the north side
sof West Whitner street bstweea The
IntelligenCeT building nad the teIe-
phone building, and a sectlan in front
OF Mr.. J r Gatlets place wfee or
defed paved A section OF sldewaik
where the NV ntrance TO Hotel
Cliicuola is betas con sflicted was
ordered improved III Solas slie sidewalks
in Front Of the G;rz ston drug store.