TEXAS ROAD BONDS OFFERED

The New York Times
December 5, 1922

Issue of $360,000 Being Marketed by Taylor, Ewart & Co., Inc.

Taylor, Ewart & Co., Inc., are offering an issue of $360,000 5½ per cent. road bonds of Road District 1, Fort Bend County, Texas.  The bonds mature serially March 1, 1923 to March 1, 1952.  The maturities of 1924 to 1937 are being offered on a 5.40 per cent. basis and the other maturities on a 5.30 per cent. basis.  Fort Bend County is in the south central part of the State, about 20 miles west of Houston.  It has an assessed valuation of $3,607,480 and a total bonded debt, including the issue now being offered, of $468,000.  The same bankers are offering $50,000 6 per cent. bonds of Levee Improvement District 1, Henderson County, Texas, maturing serially from 1924 to 1952, at a price to yield 5.75 per cent.

Non-automotive paragraph removed.