The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-22


ed to employ two out-of-town de-
tectives during the Pageant of
Progress, the county and the Pa
geant of Progress to stand one-half
the cost each, which request was
referred to the Appropriations
committee.
Supervisor Hofer moved that
matter of decorating Court House
during coming Grotto convention
be referred to the Public Expendi-
lures committee Carried.
Upon motion the board adjourned
until 9 o'clock tomorrow morning.
Second Day. June ession, A. ID.
1922.
Board of Supervisors, June Is,
1922.
Board met pursuant to adjourn
ment
Supervisor First, chairman, pre-
siding.
Roll call showed all members
present, except Hofer, Schillinger
and Starr.
Minutes of yesterdays meeting
were read and approved.
On motion the board went into
committee of the whole session to
hear a committee from the grand
Jury and to confer with Supervisor
Youngren.
Upon the committee of the whole
arising there was no report made
by it.
Supervisor Youngren brought uIi
the question of use of Memorial
Hall, which was referred to pub
lie expenditures committee.
Supervisor Anderson moved that
the judiciary committee be in
structed to investigate and report
at this session as to whether or rot
payment of per diem for commit
tee on state aid roads can be made
out of the county highway fund.
Carried.
Supervisor Bailey presented a
resolution to have the judiciary
committee look into the status of
the tuberculosis sanitarium fund,
which was adopted.
Supervisor Child presented the
following resolution and moved its
adoption.
Whereas, by a resolution of the
board Of supervisors passed the
goth day of May, A D. 1922, pro-
viding for the sale of one million
dollars worth of bonds for state
aid roads. the rate of interest which
said bonds were to bear, as pro-
vided for in said resolution, was )
per cent per annum, payable semi
annually, which rate of interest
was stated in the form of the bond
and interest coupon attached there
to. incorporated in the aforesaid
resolution.
And whereas, it has been found
by the finance committee, after due
investigation, that it would be more
advantageous to the county of Rock
Island to issue said bonds with the
rate of Il per cent per annum,
payable semi-annually.
Therefore be it resolved, by the
board of supervisors of Rock Island
county, Illinois, that the resolution
of the board of supervisors of Rock
Island county, passed on the 29th
day of May, A. D. 1922, authorizing
the issuance of road bonds in the
sum of one million dollars, be
amended by striking out the words.
IS per cent per annum" wherever
the same appear in said resolution
and substitute therefore the words,
AZ per cent, per annum."
Motion carried and resolution
adopted. ...
Supervisor Child. for the finance
committees, presented the following
bid for the 1000 900 road bonds as
accepted by the committee:
This bid is hereby accepted by
and for the county of Rock Island,
Illinois, this 9th day of June, 1922
OSCAR z. CHILD,
Chairman Finance Committee.
June s, 1922.
Chairman Finance Committee, Rock
Island County, Rock Island, Hi
nois:
Dear sirs: For 100000 road
bonds of your county, which bonds
are a direct and general obligation
of the entire county, advertised TO
be sold at u NJ, June 8, 1922. dat
ed July 1st, 1922, maturing S25. 900
July 1, 1928 and 1924, inclusive;
$4,000 July /, 1925, to 1887. in
elusive, and 100000 July /, 1888, to
1912, inclusive, all without option
or prior payment; bearing interest
at the rate of " per cent per an
mum, payable semi-annually Jan
uary and July 1, both principal and
interest payable at the Continental
and Commercial Trust and Savings
Bank of Chicago, Illinois: all bonds
in the denomination of 81 900. We
will pay for same delivered to US in
Chicago.
Par and accrued interest to the
date of delivery and in addition
thereto premium of two thousand
seven hundred and twenty-five dol
lars (s2,725)
We further agree to pay for the
cost of the printing of the bonds.
This bid is strictly subject to our
being furnished the final approving
opinion of Wood and Oakley, to-
gether with a full certified tran
script of all legal records and pro-
ceedings had incident to the issue,
upon which their opinion is based
As you do not request the deposit
or a certified check we are, consc-
quently enclosing none. Should
the bonds be awarded to US. how
ever, we shall be glad TO make such
deposit in any reasonable amount,
to be held by you pending the full
nlIment OF our contract.
Respectfully submitted,
WIN. R. COMPTON co.
NATIONAL CITY co.
HALSEY, STUART & CO.
By H. E. RETTIG.
Supervisor Child moved that the