Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1920-01-16
CITY COUNCIL PROCEEDINGS
December End, 1919.

December End, 1919
Regular meeting of the City Council
All members present.
Minutes read and approved.
Resolution offered by Councilman
r. J. Coon: Resolved by the Council
of the City of Ladysmith. That the
city advertise for bids on the Water
Bond issue.
BIDS WANTED
The Council of the City of Lady
smith, Wisconsin. will receive sealed
isids until six p. IN. December tenth.
1913. at the office of the City Clerk at
- city Hall. for it's issue of Water
Works Bonds, aggregating Fifteen
..u.,sand .ollarS ($15,000) of the de-
animation of One Thousand Dollars
$1,000 EACH dated November 1st,
80. hearing interest at the rate of
/; g and 0ne-half per cent (5128o) per
lnn,lm payable semi-annually on the
first day of May and November; said
bonds mature serially, two thousand
dollars $4,000 annually. November l.
1929 to 1898. both inclusive, and One
Thousand Dollars $4,000 November
I. 1899. A certified check for Five hun
pany each bid.
The Council reserves the right to re-
iect any and all bids.
Roll call, all voting aye. Noes,
none.
Meeting adjourned subject TO the
call of the Mayor.
C. G. KILE,
City Clerk.
December 10th, 1919.
Adjourned regular meeting OF the
City Council.
All members present, Mayor Luell
presiding.
The following sealed bids were re-
ceiyed for the $4,000 51a@o 2Oyear
Water Works Bonds issued by the City
of Ladysmith bearing date November
Ist, 1919
Rusk County Mortgage Loan Co
Par and accrued interest. City TO
print bonds pay for the opinion OF le-
gality by attorneys. $500 certified
heck with bid.
John Nuveen & CO., Chicago Par
and accrued interest with premium OF
500. No check with bid.
The Hanchett Bond Co. Chicago.
Par. accrued interest. Will furnish
blank bonds free, and pay our attor-
news fees for the examination Of the
legal proceedings and give a premium
If $4,000. $500 certified check with
Did
Bankers Trust & Savings Bank,
Minneapolis. Mimi Par and accrued
interest. to date of delivery and IA pre-
mium of 100000, the city to furnish us
with complete transcript of all pro-
eedings had and taken in the issuance
IF the bonds. evidencing their legality
to the satisfaction of our attorneys.
$500 certified check with bid.
Wells Dickey Co.. Minneapolis, Mimi.
Par and accrued interest from date OF
bonds to date of delivery to us. and III
addition thereto premium of S61S00.
We agree to furnish the necessary
blank bonds free of cost to the city.
This proposal is subject to the approval
IF our attorneys as to the legality of
the issue. you to furnish us without
cost to us, certified transcript of pro-
ceedings had by your board pertaining
thereto. $61S.00 certified check with
bid
Minneapolis Loan & Trust Co. Min
| neapoliS. Mimi. Par and accrued i'll
tereSt from date of bonds to date of
delivery and premium of $4,000 and
furnish blank bonds and our attorneys
services free of charge to the city. you
agreeing to furnish us, prior to deliv-
cry of executed bonds, with certified
transcript of legal proceedings evil
dencing to the satisfaction of our at
torneys the regularity and legality OF
said bonds. The bonds to be a direct
obligation of the city of Ladysmith.
Wisconsin, S63000 certified check with
bid
Resolution offered by Councilman
George Marley: Resolved by the Coun
eli of the city of Ladysmith. that the
bid of the Minnesota Loan & Trust
Co.. for City Water Works Bonds be
accepted, it being the highest bid and
the City Clerk is hereby directed to no
tfy the Minnesota Loan < Trust CO.,
Of the acceptance of their bid. and that
the city attorney will forward certified
copy of the proceeding evidencing the
legality of the proceeding of the issu-
NICE of the bonds.
Roll call. all voting aye. Noes.
none Motion carried.
Resolution offered by Councilman r.
y. Coon: Resolved by the Council of
the City Of Ladysmith: That the City
purchase $1,000 worth Of Christmas
stamps from the Anti tuberculosis So
ciety
Roll call, ell voting aye. Noes,
none:
Resolution offered by Councilman
George Manley: Resolved by the
Council of the City Of Ladysmith:
That the Mayor and City Clerk be auth
orized to borrow 100000 from the
State Bank of Ladysmith for city use.
Roll call all voting aye. Noes. none.
The following bills were audited and
paid:
Matte T.. Mcmahon. library s 5000
Democrat Printing Go. library All
Matte l.. Mcmahon. library. 1880
State Bank, sewer bonds int, 10000
G. f. Cole. library. ACKNOWLEDGEMENTS ~
State Bank. notes payable, int. sts.H,
State Bank. sewer bonds, int. 10000
Crane Ordway Co.. water dept 1873
George Martin. water dept. 500
o. C. Martin. water dept. 1900