The Fallon standard. (Fallon, Nev.) 1920-1958, 1921-09-28
commissioners
Open Bond Bids
state Board of Finance Proves Best
Bidder for Highway Bonds
and Gets Issue

The Board of County Commits
sioners met last Monday afternoon
September 26th, the date set for the
opening of the bids for the sale of
Highway bonds to complete the sur
facing of the Eight and Four-Mile
flats between Salt Wells and Sand
Springs. Based on the estimate of
the Highway engineers Churchill
eountys proportion of the expendi-
ture would have been $4,000, but
since the lowest bidder yas under
this estimate, the county will only
be called upon to furnish $4,000.
These bonds will be in denomina-
tions of $500 and will bear interest
at the rate of six per cent and will
be retired in ten years. The follow
ing bids were received:
Bankers Trust Co., of Denver,
Colo, s475.55 for each $500 bond.
Lena Gerrans, $500 for one bond
maturing In 1923.
Fred j. Rulison, Reno, New. $500
each for sixteen bonds numbering
from 5b TO bO inclusive.
Nevada Contracting Company, par
and accrued interest, provided this
company is awarded the contract for
the construction of the road
Bosworth-Chanute Co., Denver,
Colo, par and accrued interest less
1865 to be charged for attorneys S
fees and preparation of the bonds.
Antonides a Co, Denver, Colo,
par and accrued interest less 1890
TO be charged for attorneys fees
and preparation of bonds.
State Board of Finance, Carson
City, New, par and accrued interest
with 800 premium contingent upon
bonds being declared legal invest
ment for school funds, the approval
of the issue by firm of recognized
bond attorneys and. third, upon the
receipt of final payment of Nevada
State Highway bonds sold by the
State on Sept. 18th.
Keeler Bros. & Co, of Denver,
Colo, submitted a letter which in
effect stated that the Board was bor-
rowing the money upon practically
seven per cent. which was satisfac-
tory. but enclosed no formal bid.
After due consideration the bid OF
the State Board of Finance was ac-
cepted with the proviso that the ex-
pense to the county should not ex-
eeed $50 for legal services OF pass
ing on the validity of the bonds.
Floyd o. Booze. representing the
State Highway department stated
that the county's share of the ex-
pense would be s20,302.S3, instead
of $4,000. A telephone message
from Gilbert {. Ross, secretary OF
the State Board of Finance. was to
the effect that the bid OF the Board
would stand as for the whole or any
part of the issue up to $4,000.
Plans and specifications covering
the work of surfacing the flats and
upon which the contract was let
were received and filed Also a re.
port from the State Highway engi-
neers upon the proposed changes in
the Lincoln Highway route between
West Gate ami Austin. However
pending action on highway legisla-
tion now before Congress definite
announcement of plans were held in
allegiance.
A petition signed by fifty citizens
was filed asking certain changes in
the present open season on pleas
ants. The petition was granted and
the District Attorney ordered to
prepare the proper ordinance.
That the Board Is definitely com
mitted to a comprehensive plan OF
county road improvement. outside OF
the National and Stcte highways, as
outlined in a recent issue of this
paper, Is made manifest by an ad-
vertisement for bids for equipment
to be used In the gravel pit at Hazen
or elsewhere for the production OF
road metal While it is highly es-
sential that trunk line be con.
struoted across the county, it /:
equally important that the laterals
shall likewise be made pascable tC
the end that the farmer who pays
the taxes shall have something tC
show for his contribution TO the road
fund. and his route to market made
as easy as the available funds will
narunff