Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-01-05
CORtract Of the Memphis Water Com.
Pany with IA City.
What h People of Memphis will have
TO uPen Tomorrow.

That the citizens Of Memphis may to-mor-
row vote intelligently on the acceptance OF
the present OF paid-up stock by the Water
Company TO the city, the contract as agreed 70
by the general council and approved by Mayor
johnson is reprinted as follows:
The Joint committee to which was referred
the proposition OF the Memphis Water Com
pany reports as follows:
That the committee has had g conference
with the president and directors of the Water
Company, and has agreed with them upon the
following as the terms upon which the city
will become a stoekholder in the Water Com
pany:
increased TO and fixed at the sum Of $4,000.
2. The city will subscribe for one thousand
shares, aggregating one hundred thousand
dollars OF the said capital stock and upon en-
tering into the contract hereinafter men
toned, shall receive from the Water Company
certificates showing that the said one thou
sand shares OF stock nave peer July palG lot
The present stockholders Of the Water Com
pany shall, at the same time, receive cerun-
Gates showing that the one hundred thousand
dollars of the capital stock held by them has
been fully paid for. The subscription for stock
on the part of the city, 1t is understood, can
not be completed until after the assent OF
three-fourths of the qualified voters, at an
election for the purpose, has been given.
g. As soon as the subscription for stock
has been asSented to by three.fourthS Of
the qualified voters, in the manner above
tract with the Water Company, by which
II viii agree to rent.from the Water Company
uOL lts5 LAlAn Eh Give ~ AlOAdALo1 vi D4C-
plugs, and as many more as the city may re-
quire, TOR each mile OF mains, or main pipes,
That may be laid down within the limits Of the
city. But the parallel mains shall not be laid
closer to each other than one square, or three
hundred and eighty feet, unless the city directs
them to be laid closer. And the city shall
have the right TO designate The places at which
the hydrants shall be located, and shall not be
required to rent more than twelve hydrants on
an average for each mile of mains laid in the
l. The Water Company shall guarantee that
the hydrantS viii throw twelve streams OF
water leach stream to be Eom a one-inch
nozzle and though fifty feet of hosel one hun
dred feet high; or eight streams (each nom an
inch and a quarter nozzle through MY feet or
hose) one hundred and twenty-five feet high 4;
or four streams each from an inch and a half
nozzle through fifty feet Of hose) one hundred
and hfty feet high. And the Water Company
shall furnish all fire h~ydrants, valves and con-
neetions, and place them in position, ready for
use, and keep the same ia good repair and in
working order; and shall also make connec-
tions with the public cisterns as rapidly as
possible, and supply them with water, the city
keeping the public cisterns in repair.
5. The city will pay TO the Water Company
for the term of twenty years from the date Of
the contra [, an annual rent ION each hydrant
that IL has agreed 10 rentl Of Sis upon each
one Of the first one hundred hydrants erected;
Sll2 50 Upon each one of the second one hun
dred hydrants erected; 500 upon each one Of
the third one hundred hydrants erected; and
S75 upon each hydrant erected over and above
three hundred. The rent shall be paid semi
annually, at the end of each six months, and
shall not until the machinery has
been accepted by the Water Company as in
good working order, and the Water Company
has established by a practical test that 1t is
able TO throw the several streams Of water to
the several nights hereinbefore specified.
Shoul the city purchase the water works to
be erected by the Water Company, within the
period Of twenty years, then the contract to be
into is to cease and be Of no further
effect.
9. The present stockholders shall pay and
discharge all the debts and liabilities of the
water compsny which have accrued prior to
the time al which the city becomes q stock
holder, and shall indemnify and save the city
as we'll as the Water Company, harmless from
all such debts and liabilities. And in consid-
OF their doing 50, the Water Company
shall Issue and deliver TO the said stockhold-
er5, TO be held and enjoyed by them as their
own property, eleven OF the first mortgage
bonds of the Water Company for on-ethousand
dollars, each having twenty years to run, and
the proper coupons attached.
The committee recommended the ~ratiica-
ton Of the terms so agreed upon, and also the
passage or the ordinance which is submitted
and as a part OF this report.
II. g, DENT,
Chr WaterwoTks Com. Board Of Aid. |
]. D. RUFFIN,
Chm WaterWorks Com. Of Council.
JOHN JOHNSON, Mayor.
W. NJ. RANDOLPH, City Atty.
Adopted by beard, December II, 1871; report
by council, December II, 1871.
.---.r-,ant zra -z-a-- HUNyrnns 1