The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1915-03-24
WAYS and. Means.

Gentlemen - Your Committee on
Ways and Means has had under con-
sideration communication from the
Controller in which this body Is in
formed OF proposals received for
Bonds, $500. 700 thlrty-year Public
Sewer Bonds. s27oo0o thirty-year
YEAR Public building Bonds. and
t350,0oo ten-year Public Lighting
Bonds. responsive to advertisement
offering said bonds for sale. appear
ing pursuant to directions Of reso-
the Common Council Of the City of
Detroit at session Of January 10.
1915 pages AZ and 4s, printed Jour
nal OF Common Council for 1870. We
to the advan,sge of the city is that
made by II. Lee Anstey and Living
ston a. Company. l. e., to sell the
above bonds at par and accrued In
vices Vices the I sum Of sii,75o commission.
II now appears that, while the legal
ity Of certain Of the above bonds Is
taken as established, there Is a doubt
other OF said bonds. We think the
Controller should deliver the bonds
which are OF unquestioned legality
and apportion the payment OF COM
mission on the bonds as delivered, as
;55o,ooo Public school Bonds. at
par and interest accrued TO date OF
delivery, commission of s16,625. pro-
rata part OF 2 per cent which accom-
p" saeooo nS p Pubic 81 e sewer Bonds Bonds a,
par and accrued interest to date OF
delivery, commission of S6.046, pro-
rata part of per cent which accom-
panied bid TO be returned TO bidder;
$4,000 Public Building Bonds, at
PAL and interest accrued to date OF
delivery, commission $S,162, pro-rata
part OF per cent which accompa-
MED bid to be returned to bidder;
Si06,000 Public Building Bonds, at
par and interest accrued to date OF
delivery. commission $3.50. pro.rats
part Of 2 per cent which accompanied
bid to be returned bidder;
,s5o.ooo PUBLIC Lighting Bonds, AZ
delivery. commission 1901. pro-rata
nied bid to be returned bidder.
We therefore recommend that your
Controller deliver the ABOVE bonds
on the basis foregoing and, In the
event that the City Controller shall
refuse to deliver any part OF said
bonds that ths n9 GorpSration Counsel .1
OF compelling the Controller to make
the delivery contemplated hereby, as
will determine all questions which
give fise to doubt Of the legal right
VI the SIty " isSeo "hs " t"S 'N'"
Respectfully submitted.
CHA5, w, BURTON,
HARAY J, plS SEMzs
k 5oHE q 1 vi EprrER
JXcoB GufHARD.
w. II. G. HINDtE.
Ing resoiption was offered;
Rv Aid HurtOn.
Resolved, That the foregoing re-
port be accepted and adopted.
Adopted as follows;
Burton. Cranshew. Dill Dingeman.
Guis.rd Tisl aanae ssa,na qR oeser
Robinson, Folio, schemanalty. Schultz,
81. fanowrki, Thon pson, Vernor, War
tell. Wenzei Wilson. Wing. link, and
tho President---s3
RECONSIDERATION.
Aid. Lodge moved to reconsider the
vote by which the resolution was
AID. Lodge moved to suspend rule
Is Tor the purpose ss,on OF inds nn a.ssly
which motion prevailed as follows;
Yeas-Aid. Allan. Barnett. Bleil.
Burton. cranshaw Dill, Dingeman,
Ellis. Field, Freiwald Gilman,
outhard. Hindle., Keatins. Hocher.
Rooms L' RSSS ss.' se Swsa
tell. Wensei, Wilson. wing. link. and
the President-3s.
Nays-None.
Aid Vernon then moved that the
postponed. which motion prevailed.
The regular order was resumed