26

We your Finance Com recommend
that the lost coupons referred to in
the within bond be paid.

We do not however believe that
the bond is collectible in Texas and
for that reason is unsafe [security?]
but inasmuch as the amount
involved is small and that the
coupons have been lost of rsome time
and have not been presented for
payment, that these would be
but little risk in the citys part in
paying over the amount

Wm G Newby
JF Henderson
Q.T. Moreland

FILED
OCT 16 1903
Jno T. Montgomery
City Sec'y