The Ocala evening star., 1915-09-06

Board of Bond Trustees,
City of Ocala, Florida
Gentlemen.
For the $55, 900. City of Ocala. Flor
ida per cent water works bonds dat
ed August 1, 1913. maturing August l,
1888, without option and $1OO, 100000
January /, 1885 and S34 10000 Janu-
ary 1, 1915. both principal and semi
annual interest payable at the City
Treasurer's office, we offer TO pay
when delivered at such bank as we
may elect, the par value S1j5. 900 90
and accrued interest to date Of sale.
Prior to delivery of bonds to our
bankers, we are to be furnished with
a full and complete certified copy of
all proceedings leading up to and cul-
minating in the sale of the bonds,
showing the legality to the entire sat
isfaction of our attorneys. AS evi-
dence of our god faith, that we will
carry out our part of the above bid,
we hand you herewith. our certified
check No. 2437 for $775O.O0, which is
to be held by you and used as part
payment for legally issued bonds as
above described, when delivered, or to
be returned to us, in the event that
our attorneys fail to approve of the le-
gality of the bonds.
Respectfully submitted,
COMMERCIAL BANK OF OCALA,
By GEORGE BITCH, Pres"
Attest:
d. C. STILES, Jr., Cashier
"OcaIa, Fla, June &c, 1915.
Board OF Bond Trustees,
City of Ocala, Florida.
Gentlemen
In connection and consideration
with our agreement made this day. to
pay you par and accrued interest to
date of sale for $1OO,000.OO 5 per cent
sewer bonds and $55, 100000 5 per cent
water works bonds of the City OF
Ocala, of which agreement this is
hereby made a part, the funds deriv-
ed from the sale of said bonds are to
be left on deposit with this bank,
without interest and to be withdrawn
only as the money is needed to pay
the cost of construction on engineer s
estimate Furthermore the city or
Ocala is to allow us Six Thousand
Six Kindred and Fifty Dollars ($6650.-
0O) to cover cost of attorneys fees and
as commission for handling the bonds,
which allowance is to be paid us at
the time the bonds are taken up and
paid for.
COMMERCIAL BANK OF OCALA,
BY GEORGE ]. BLITCH, Pres.
Attest:
D. c. STILES. Cashier.
After the Board of Bond Trustees
had accepted the above bid of the
Commercial Bank of Ocala, said board
was advised that the Commercial
Bank could not enter into a contract
for the purchase of the bonds, as
shown by the following communica-
ton:
"Ocala, Fla, July 26, 1915.
Board of Bond Trustees,
City.
Gentlemen
We have been advised by our attor-
| ney that we cannot enter into a con-
tract with you for the purchase of the
sewerage bonds and the $55,00O.0O
waterworks. bonds of the City of Ocala
by reason of the fact that your chair
man is also one of our directors
While we do not care to withdraw our
bid, yet we feel that we should notify
| the Board of the decision of our at.
torney, and also to notify you that
we shall abide by whatever action
your Board may deem it necessary to
take in the premises.
] Yours very truly,
/ COMMERCIAL BANK OF OCALA,
By GEORGE J. BITCH, President
On July 9th, 1915 the Board oi
Bond Trustees met at the office of r
S. Hall and on resolution being of
fered the action of the Board in ac
cepting the bid of the Commercial
Bank was rescinded the minutes the
show "The Chairman announced that
there were representatives of two
concerns, who desired to submit furth
er bids Thereupon, Mr.. Oscar More
land submitted a bid on behalf Of
said bonds, said bid being submitted
in writing. Thereupon, Mr.. HoltZ
claw said that he would not submit
his bid because it was not as good
bid for the city as was submitted by
Mr. Moreland."
The bid submitted by Mr.. Moreland
on behalf of Hoehler, Cummings
Prudden being as follows:
| Toledo, o., July 21th. 1915.
The Board of Bond Trustees
City of Ocala, Florida
Gentlemen:-
For the $4,000. City of Oeala
Florida, > per cent Water Works
bonds, dated August 1. 1913. maturing
August 1. 1888 without option. and
100000 3 per cent sewer bonds. dat
ed January l, 1915, maturing So. 900
January 1, 1915. both principal and
semi-annual interest to be payable al
| the City TreasureT's office, we Offer
you when delivered at the National
Bank of Commerce, Toledo, Ohio, the
par value. $155,000 and the accrued
interest to date of delivery.
Prior to the delivery of the bonds
to National Bank of Commerce we
are to be furnished with a full and
| complete certified copy of all the tran
script of proceedings leading up t.
the issuance of the bonds. showing the
legality to the entire satisfaction o.
our attorneys.
/ AS evidence of our good faith that
1 we carry out our paTt of the above