The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1919-04-24
STATE BANK TO
| BE LOCATED IN
MOTOR BUILDING
Missouri Valley Company Leases
'' First Floor to North
Dakota
FOR TWO YEAR TERM
Preparations Being Made TO
Have Institution Open
in 30 Days

North DakOtas state owned bank
will be located on the first floor of
the, Missouri Valley Motor company's
building on Main street. Terms of
the lease were finally agreed upon to.
day and James Waters, state bank
manager, announces that the institu-
lion will be in full swing within the
next thirty days.
Plans have been prepared for the
furnishing of the first floor of the Mis-
souri, Valley Motor companys build.
ing and orders are being placed for
supplies so that the institution can be
opened without delay.
Major Waters anticipates no trouble
in disposing of the $4,000, 900 in bonds.
State Treasurer Olson is now in the
cities arranging details in connection
with the bonds.
At a considerable sacrifice, the Mis-
souri, Valley Motor company has con-
sented to lease the first floor to the
state for two years with the option of
one year renewal. The offices of the
company will be moved to the second
floor, but city desk and service de-
partment will be maintained on the
first floor near the Seventh street
entrance. r
Every facility for handling their
fast growing business will be main
tained by the Missouri Valley Motor
.vompany==-in fact the. regular service
given the public will be maintained in
every detail.
Through the public spirited action
of the company's officers. the state
was offered accommodation in this
building until arrangements can be
made sometime in the future for a
state office building. In announcing
the leasing to the state, the manage
ment of the Missouri Valley Motor
company has notified it's trade that all
orders will be handled with the usual
dispatch and that alterations Incl
dent to installing the state bank in its
building will not impair the service in
the least.
In commenting on the location the
league organ, the Courier-News, says:
''The terms of lease for two years
on this property were arranged to-
day for the industrial commission by
Secretary Oliver S. Morris. The
building is four-story brick and
concrete structure of recent con-
struction and is strictly fireproof.
The bank will use space approxi-
mately so by 100 feet at the outset
but has an option on other parts of
the building. which undoubtedly will
have to be used within year if the
business of the new institution grows
as expected by the industrial COM
mission.
1T is believed that the business of
the bank will warrant the construc-
ton of special building for it by
the state, to be ready for occupancy
at the termination of the lease for
temporary quarters arranged today.
But the industrial commission, s~
having determined on the permanent
location of the bank, may construct
this new building in some other city.
The resolution of the commission
locating the bank at Bismarck, adopt
ed three weeks ago, provides that
in the event the bank can better
serve the state and it's industrial en-
terprises at some other location, the
right to locate it in some other city
after the mill and elevator and other
propositions are in operation, is re-
served by the commission.
,.-t Advertised for Bids.
'State Architect w. F. Kurke Of
Fargo will advertise for bids at once
on the necessary bank and vault fix
lures and will proceed Immediately
CONTINUED on Page Three.)