The Wyandotte herald. (Wyandotte, Mich.) 1879-1943, 1942-12-25
THE CITY COUNCIL
Official Proceedings


Special session OF the City Council
of the City Of Wyandotte. the Honor
able Louis w. Benin, Mayor, presid-
iDg.
s$ll Of Meeting
We, each and severally, hereby ac
cepl call for a Special Meeti,- of
the City Council of the City of Wy
andOtte, to be- held in the COui Ill
Chambers Of the City Hall OH Vi IL
day. December u, 1912, at Z 80 p ..
for the purpose of considering d,
matters Of Special Assessment d
trict Bonds and WPA Project 4
counts. and acting upon the same; an
for the transaction of such other bus
mess as may properly come before the
meeting
COuncilmen George e. Benin, Louis
BrOhl, Sr., James III. Mason, Ford
Wagar Ernest b. Schultz
Councilman Clifford Burke absent.
Miscellaneous Business.
Mr. Lawrence j. LaCOurse
City Clerk
city Of WyandOtte
Wyandotte, Michigan
Is-ar Mr. IaCOurse:
Confirming our telephone CunyerSa
ton Of this date:
We have had the First Of Michigan
Corporation figure the applicable
price on the three registered Paving
BOnds which you wish TO take up the
first Of the year. together with the
accrued interest thereon. The figures
are as follows:
Bond No. 2, P.V. $4,000, price
lOOG3iGlS, $l3,GO32O.
Bond No. 3, PV. $12,OOO, price
lOO0615J1, $l2,OO7.39
Bond No. 4, P.V. $4,000 price
lOOO9226, $12,O11.79.
Total $37, OZ2.3S.
Interest on $1,000. September l.
l942 to December 81, 1912 a 81 per
cent, 1920 Total principal and in
terest $37, lass.
The above prices are figures Oh
WELD basis Of .7127 TO maturity Of the
bonds. This was the yield basis of the
entire issue at the time We purchased
IT,
While cannot definitely commit
the company 10 the resale of these
bonds, l shall be glad to submit the
matter TO the Directors next Tuesday
afternoon, if you so desire. and will
Immediately acquaint you with their
decision. / feel confident they will be
willing 10 go along with you on the
matter.
Very truly yours,
Neil H. Morgan
Assistant Treasurer
Michigan Alkali Company
Referred to Council.
Communications and Reports from
= City and Other Officials.
Honorable Mayor and City Council
of the City of WyandOtte
Gentlemen:
Attached hereto you will find an
Insurance Schedule which / have pre-
pared on city buildings, setting up
the following: Cost of reproduction
new; values TO be covered by insur-
aDce less depreciation Of exclusions
amount Of insurance required with 80
per cent reinsurance clause attach
ed amount of insurance required
with 30 per cent reinsurance clause
attached; insurance carried at pre-
sent; present cost Of insurance car
ried; amount Of insurance recon-
mended with 30 per cent cO-inSurance
contract; annual cost Of recommend
ed amount of insurance; 3-year cost
of the recommended amount of in
surance; required cOverage with 90
per cent reinsurance contract and the
3-year cost of same as to the City Hall
and the Legion club House
This schedule il furnished for your
cOnSideratiO
Nery6ruly yours.
Lawrence J. IACOurSe.
Referred 10 Council.
To the Honorable
The Mayor and City Council
OF the City of WyandOtte
Gentlemen:
Today we have completed ncgotia
lions with Alexander. McCaslin. ChO-
lette and Buchanan. Attorneys for the
SeabOard Surety Company. in which
we received payment of the entire loss
10 the City Of WyandOtte and the
Board of Education OccaSiOned by the
shortage in the accounts of John 7.
McWhirter. former City Treasurer.
We wish 10 commend the represent
atives Of the SeabOard Surety Com
pany and their attorneys for the sat
iSfactOry manner in which this mat
ter has been handled.
Respectfully
Frederick j. Gartner,
City Attorney
Referred to Council.
To the OnOrable
'Fhe Mayer and City Council
OF the City of Wyandotte
Gentlemen:
As per your authorization and in
StructiOnS in your resolution Of Nov
rmher -. ] have today accepted set
element and have signed the release
in the matter Of the City OF Wyan-
lotte against the SeabOard Surety
Company on the bond of John L. Nc
Whittier. former City Treasurer. in
amount of $9SlS65. which amount
has heen deposited by the Acting City
Treasurer i'm the City Of WyandOtte
Special Account.
Will you please authorize the trans
fer Of this money from the Special
Account 10 the following accounts in
.Ihe respective amounts shown:
Board Of Education ---x3.1uS.OS
WyandOtte General Hospital 1,l6OI0
city Of Wyandotte Trust Ac-
count Ss9.S3
Acting City TreaSurer's Pet
~ Cash Account ------- S62.'"