The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-04-14
BOARD OF EDUCATION

The board of education of the hide
pendent school district OF BrOokings,
South Dakota, met at the superlntend-
ent's Office in the school house in the
city of Brookings at 500 o'clock p. M,
on the first day OF April, 1921, pursu-
ant to call duly made and in compll-
ance with notice and time and place
fixed at a meeting of this board held
March II, 1921, with the following
members of said board and the clerk
thereof present: Il. B. Forsee, Mrs.
Gertrude Mcknight, w. A. Caldwell,
c. A. johnson, and P. j. Erie, clerk.
Absent, C. H. Atkinson.
President Forsee announced that the
object and purpose Of this meeting
was to receive, open and consider
sealed bids for the sale Of the $780,
100000 issue of 6A% building bonds
authorized by special election Febru-
airy l, 1921. The clerk announced that
he had received what %purported to be
six sealed bids, w%hereupon they We're
opened by the clerk in the presence
of the board and other interested par
ties, including representatives of va.
rious bond dealers, and such bids are
tabulated as follows:
/. Harris Trust & Savings Bank,
Chicago, Illinois; amount of bid, S7O,-
10000 and accrued interest, they to be
allowed $79S.O0 to cover cost of print
ing bonds and other expenses.
2. First Trust Company, Omaha,
Nebraska; amount of bid, $3.50, or the
equivalent of $4,000.
8. Elston & Co., Chicago, Illinois;
amount of bid, 97A%, or the equiva-
lent of $%6S,O75.OO.
4. C. H. Coffin, Chicago, Illinois;
amount of bid, $70,101. 90, less s2,1O0.0O
or the equivalent of $6S,OO1.OO. (No
certified check accompanied this bid
5. C. w. McNear & Company, Chica-
go, Illinois; amount of bid, $3.50, or
the equivalent of SOS, 10000.
6. Minnesota Loan & Trust Com
pany, Minneapolis, Minnesota, offered
to enter into a contract to act as fiscal
agent for the district and to procure
a buyer for said bonds who would pay
with accrued interest for the sum of
$4,000 or the equivalent of $685.
600. 90.
It was moved and seconded that the
-, A. J-;- TNr,,n r. SAVINGS
Bank of Chicago, Illinois, is the high
est and best bid received for said
bonds and that their bid of par with
accrued interest be accepted by this
board and that said bonds be sold
TO them and that they be allowed
$79S.O0 to cover cost of printing bonds
and and other expenses con
nected with completion and delivery
Of said bonds.
Upon roll call, r. b. Forsee, Mrs.
Gertrude Mcknight, w. A. Caldwell
and c.. A. Johnson, all members of
said board, voting aye, Opposed, none.
Said motion was %thereupon by the
president declared to have been unani-
mously carried.
1t was moved and seconded that the
Harris Trust & Savings Bank be mott
fed of the acceptance of their bid
and that as soon as said bonds with
interest coupons thereto attached shall
have been printed and prepared that
they shall be signed by the president
of this board. attested by the clerk
with the corporate seal and counter
signed by the treasurer and that the
treasurer be authorized to deliver
said bonds when so executed and com
pleted to the Harris Trust & Savings
Bank, Chicago, Illinois, upon the pay
ment by them of the amount of their
bid therefor.
Upon roll call, r. B. Forsee. Mrs,
Gertrude Mcknight, w. A. Caldwell
xxSss2kz.x ssusy IN ussssas - HhaSs.u Of said