Show SALE OF WATERWORKS BONDS W P OMEARA COMES IN WITH AN ADVANCED BID Offers 2566 Premium Being 400 Better Than Figure of Rollins Water Wa-ter Schedule Agreed Upon At the meeting of City Council committees com-mittees last evening W P OMeara complained that he had not received equal Justfce In the matter of the sale I I of the 5250000 municipal bonds Mr OMeara representing Shepard Co bid 51570 premium while Rollins Sons whose bid was accepted offered 521CC premium OMcaras complaint was that Rollings representative MY Taylor was allowed to amend his bid by offering accrued Interest He admitted ad-mitted that he had also been allowed to amend his original bid which he did by adding 200 to the price offered but beyond that he could not go without with-out communicating with his principals In New York He did so and obtained permission to Increase the bid to 25CG premium Just 400 better than fbI lings offer with accrued Interest but In Limo meantime the bonds had been hold to Polllns Sons by the committee commit-tee to whom the Council had delegated the power Mr OlUeara thought his second amended hid should be eon SIUCFCU Chairman Poberlson of the Conunit tee on Finance pointed out that Mr OMeara had had the sunn opportunity to amend his bid as Rollings representative represen-tative but hadnt done It In time und the matter could not he kept open indefinitely In-definitely The members of the committee com-mittee had tUgtud the contract and he couldnt see how the transaction I could be opened up again All the amendments to Holllnss bids were In favor ot the city and he thought the sale was a good one for the municipality munici-pality The sale will come up for confirmation con-firmation at the mortlng ot the City Council next Tuesday evening The Committee on Waterworks resolved re-solved to recommend to the City Council Coun-cil to adopt a scale of meter charges for water of from 10 cents down to SA cents per 1000 gallons according to the quantities used Instead of S cents to 5 cents us proposed This scale which Is recommended will produce in the aggregate about the same amount of revenues as before the meter system was adopted |