| Show WATERBONDS s ARE SOLO Rollins Sons Take the Issue Is-sue at 2166 Premium INTEREST IS 4 PER CENT They Will Pay for the Issue 253166 and Accrued Interest and Furnish tho Blanks Free Two Other New Bids Were Received But Holllns Offer Was the Best Solo Made Subject to Confirmation by the City Council Vhati the City Has Gained by Delay N The 250000 1 per cent tentwenty years municipal waterworks improve mentNbonds have been sold to E II Rollins Sons at a premium oC S21GG and accrued Interest the buyers to furnish fur-nish blank bonds The contract of sale way signed by Mayor Thompson and TV A Robertson R B TVhlttemore E A Hartcnsteln and George Buckle members of the Finance committee and the sale Is subject to the confirmation nf 1ir < itt Cnitnfl The best figures of the original six bids received and refused by the City Council was offered by Rollins Sons at 305 premium so that by waiting a little and through the manipulations of the Mayor and Chairman Robqrtson of the Finance committee the city has gained 1SG1 In the sale The matter will be presented to the City Council at Its meeting next Tuesday evening and there is hardly a doubt of Its confirmation con-firmation Two other bids were opened yester day besides Rollins Sons One from Shepard Co of New York per TV P OMeara offered 1570 premium anj another from N TV Harris Co of feting to take the issue on a 3 > 4 percent per-cent Interest hauls at par provided the city would pay the buyers a commission commis-sion of SIGGOO this the bid stated was equal to a premium of SS50 on a 1 percent per-cent bond |
