The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1917-03-03
ROAD BONDS SOLD.
Baton Rouge Bank Successful Bidder
for $50, 900 Issue.

Baton Rouge Bank Successful Bidder
for $500 Issue.
The board of supervisors of Road
District No. of the parish of As
cension, at meeting held at Gels
mar Wednesday, opened proposals
for the purchase of bonds aggregating
$4,000 to be issued by the district,
and for the construction of approx
matelE thirty miles OF grageled road
extene ing from the East Baton Rouge
parish line at Hope Villa to the st.
jam lime on the river front below
Burnside. The bid of the Louisiana
National Bank of Baton Rouge, Of
fering to buy the bonds at par and
accrued interest, plus premium Of
S2251, with the stipulation that the
proceeds of the issue and the revenue
derived from taxes shall be deposited
in the Louisiana Trust and Savings
Bank of Baton Rouge without in
terest, was easily the highest and
best submitted, and was accepted by
the board. Other bids were as fol-
lows:
Stacy & Braun, and Interstate
Bank Il Trust Co., New Orleans, par,
accrued interest and premium of
S210 Blank bonds free.
W. L. Slayton G Co., Toledo, o.,
par and accrued interest, less $453
for bonds, attorneys fees, etc.
Watson, Williams & Co., New Or
leans, par, accrued interest, and pre-
MUM of s165, less 1880 for ex-
penses.
Hibernia Bank & Trust Co., New
Orleans, par, accrued interest, and
premium of S27; proceeds to be de-
posted in said bank without interest.
Elston & Co., Chicago, par, ac-
crued interest, and premium of 1851;
proceeds to be deposited in Metro
politan Bank of New Orleans without
interest.
Whitney-Central Trust & Savings
Bank, New Orleans, par, accrued in
terest, premium of $409, and blank
bonds; proceeds to be deposited in
said bank without interest.
Bolger, Mosser & Willaman, Chic
ago, par, accrued interest, blank
bonds free; proceeds to be deposited
in Metropolitan Bank of New Orleans
without interest.
J. R. Sutherlin, Kansas City, par,
accrued interest, premium of $50,
blank bonds free, and fee for at
torney's approval opinion. CHECK
accompanying bid not properly certi-
fed.
William P. Bondbright Co., Inc,
Chicago, par and accrued interest,
less 1926 for legal and other ex-
penses.
F. C. Hoehler & Co., Toledo, par,
accrued interest, premium Of S185,
and blank bonds.
Only one proposal for the construc-
ton of the highway in the district was
received. This was from W. S. Bon
ner, and contained several PROPOSE
lions, as follows: 1. Road to be
built according to plans and specifica-
tions of the state highway depart
ment, at fixed prices per cubic yard.
2. Bidder to do grading, ditching,
hauling and spreading of gravel, ETC.,
at $3.50 per mile, gravel to be de-
livered by railroad and barge, and to
be furnished by district; if vitrified
clay pipe be used for culverts, 81 per
foot additional for pipe and laying
"a cents per cubic yard for addition
al earth for fills, etc. g. Under same
conditions as set forth in proposition
No. 2, but with delivery Of gravel by
railroad exclusively, price to be $3.50
per mile.
It was figured that the cost of the
work would amount to from $4,000
to $4,000 per mile under the. terms OF
propositions Nos. 2 and 8, and con-
siderably more than this if the road
were built according to specifications
of the state highway department. Tie
bids were therefore rejected.
After a general discussion OF the
matter, a committee consisting of DR.
W. F. Miles and J. N. DeLaune, with
President Leon Newman member
ex-officio, was appointed to confer
with the state highway engineer and
ascertain if financial assistance to
the extent of $4,000 can be obtain
ed from the highway department to
build the road under it's specifications
and supervision. Contingent upon
the assurance of this aid, the board
adopted resolution calling a special
election in the district to authorize
the issuance of additional bonds
amounting to $4,000. There is
now available for the construction of
the road a sum of approximately $780,
600, consisting of the present bond
issue of $4,000 which has been sold
at a premium of $2251, and $17,500
contributed by the police jury of the
parish. With $4,000 furnished by
the state highway department and
$4,000 derived by means of another
bond issue, a total of $4,000 will
be provided, which sum will be suf-
| fcient to construct the highway under
the plans and specifications of the