The Wyandotte news-herald. (Wyandotte, Mich.) 1943-1963, 1945-12-10

ment Commission. This transfer has
been approved by MIR. Metcalf.
Very truly yours.
Pension Commission OF
the City of Wyandotte
Ford Wagar, Secretary
Referred to Council
To the Honorable
The Mayor and Council
City of Wyandotte
Gentlemen:
The Sinking Fund of the City OF
Wyandotte is in possession of Uni
ted States Government Bonds in
the amount of SLOT, $4,000. These
bonds mature a. follows:
S45 100000 - May l, 1853
s22,62000 - January I, 1854
100000 - June /. 1855
These maturity dates do not CO.
incide with the retirement dates OF
he city bonds which they are sup
posed 70 retire.
At this time the retirement Com
mission has authorized the writer
to purchase 3100,O00.OO worth OF
bonds for the Investment Account
OF the Retirement Commission.
believe this would be an oppor-
tune time for the City to dispose
OF these bonds in the Sinking Fund
to the Retirement Commission
without financial loss to the City
as q whole. The Retirement Com
mission would purchase these bonds
az par value plus accrued interest
TO date.
At this date, the Retirement Com
mission can purchase bonds only
to the amount of sl0O,O00OO, leaving
balance in he Sinking Fund of
the City still to be disposed of in
amount of $4,000. However, in
thirty days. the Retirement funds
should be able to purchase the re-
mainder of these bonds.
1t is my opinion that the pro-
ceeds from the sale of these secur-
tiles should be used for the pur-
chase of shorter term securities for
the Sinking Fund of the City;
namely. Treasury Certificates of In
debtedness at 7/8 per cent interest
due in ninety days in amount of
Sl2,00000 and Series &C" Govern
ment Bonds due in three years in
amount of sos, 10000.
Respectfully,
Ford Wagar,
City Clerk
Referred to Council.
Monthly statement of the County
Treasurer in settlement of taxes
fol September l945, showing balance
due of s233s.Ss.
Received and placed on file.
Report of monies collected, in
amount of s33s.75. for permits is
sued during the month of Novem-
Der. 1s45. submitted by the City
Engineer.
Received and placed on file.
Report of fires in the City of
Wyandotte during the month Of
November. submitted by Fire Chief
Gustav Anselm
Received and placed on file.
Regular meeting Of the Munich
pal Service Commission held No.
vember 5, 1915; and Adjourned
meeting of said commission held
November II, 1915; also balance
sheet, Electric Department as of
October 81, 1915, Income State for
the month of October 1945, Operat-
ing statements, etc.
Received and placed on file.
Bills and Accounts.
Second and final estimate of the
City Engineer on work completed on
contract Of the city with Frisch
Brothers, paving of alley between
Biddle, VanAlstyne and Eureka,
Sycamore, amount due $l70.49.
Referred TO Council.
To the Honorable
Mayor and Council
Gentlemen:
The following claims have been
examined, audited and found to be
correct. l therefore recommend
that they be approved and pay
ment made.
Respectfully submitted
Ford Wagar,
City Clerk
Eberts BlotherS Company 1855. 90
Service Office Supply Co. 69.3e
Gregory, Mayer and Thorn 1885
j. D. Haven and Son ...... 86.1O
Wyandotte News-Herald e.. 61.59
Wyandotte Paint Products
Company ........ 21.3e
Wyandotte Electric Supply
Company ............ 1.96
D. Mellin Moran .......... 264.84
Copy 1t Company .......... 1904
Superior Motor Sales ...... $685.
Murray Sales ...... 1920
]. T. Wing and Company =. 3O6.34
Robinson Weldino Al M
Cities Service Oil Company 31.9l
Reliable Service Company =. 600
Norris Birnbaum ... SIC
Automobile Equipment Co. :. 1892
Howarth Lumber Company 2.22
Michigan Consolidated Gas
Company Observation-Disclosures. 1884
Groat's Hi-Speed Company $500
Down River Letter Service 9.2j
Frank G. Teal Company 1919
The Superior Seal and Stamp
COMPANY 707