Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1923-02-17
COMMON COUNCIL
PROCEEDINGS

The common councll OF the CITY u
Hurley met at its regular meeting at
the office of the city clerk on the
evening of January 2, 1928.
Present were: Aldermen Bonino,
Lancer, Erspamer, Secor Emunson,
Davia and Colosimo. Aldermen
Weircinsd, Coach, and DeFero not
present.
Meeting called to order by Mayor
w. T. Lennon.
Minutes of previous meeting read
and approved.
Pursuant to announcement. and as
part of the purpose Of this meeting,
bids were received and opened in the
prvLe ton Of bonding the city in the
sum of $500 for the purpose of
purchasing the waterworks plant
from the Lake Superior District
Power company.
The following resolution was Of
fered by Alderman Secor:
Whereas, the city Of Hurley, Wis
cousin, did heretofore advertise for
sale its 5 per cent Waterworks
Bonds, in the sum Of $4,000, and
did ask for bids on said bond issue,
said bids to be submitted not later
than January 2, 1928, at 1880 P.
NJ. and
Whereas, bids have been received
by the city clerk for said bonds
pursuant to said advertising there
Of; and
Whereas, The nanchett Bond
Company, 80 South La Sale Street,
Chicago, ILL.,. has made a bid for said
bonds, offering to pay therefor the
par value thereof, accrued interest
from date of the bonds to the date of
the delivery thereof, and to print
and furnish Autographed blanks free
Of charge, pay attorneys fees for
examination Of legal proceedings and
pay a premium of $612.50, and
Whereas, said bid is the highest
and best bid received for saidbonds,
Therefore, be it resolved, by the
common council of the city of Hur-
ley, Wisconsin, that said bid be and
the same is hereby accepted. Dated
January 2, 1928
Moved by Alderman Secor that
the foregoing resolution, as it per-
tains to the acceptance of the bid for
the bonds in the sum of $4,000, be
adopted Supported by Alderman
Carter. Upon roll call the follow
ing aldermen voted in it's favor:
pur.tp, Eartar Ior-ar Promo N, ar.
Secor, Emunson, Davia, Colosimo.
An members present.
The following claim by the Hurley
National Bank was presented and
read:
For illegal taxes assessed, levied
and collected by said city on 500
shares Of the capital stock of the
Hurley National Bank, for the year
1921, together with interest on said
sum from the date of payment there
Of, to-wit: February q, 1922, to
date of payment of this claim,
100000" No action.
An application for beverage permit
from John Maxi was presented
Moved by Alderman Carter, that
application of John Maxi be granted,
Supported by Alderman Erspamer
Motion carried.
Resolution.
BE it resolved, that Central Trust
Company of Illinois, Chicago, Ill.,, be
and said Trust Company is hereby
appointed as fiscal agent for the city
Of Hurley to attend to payment of
principal and interest, as same be-
come due, upon the Street Improve
ment Bonds of the City of Hurley,
Wisconsin, dated July LIST, 1922, said
bonds being of the denomination of
$500 each, and numbered from ! to
40, inclusive, and that the compensa-
ton to said fiscal agent be the sum
of one eight of one per cent, or a
minimum charge of $1.00 for paying
bonds, and minimum charge for
paying coupons be $1.00
Moved by Alderman Lancer, that
the foregoing resolution as il per
tains to theCentral Trust Co. of