Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-01-06
WATER.
Contract Of the Memphis Water Com.
pany with the City.
What the People of Memphis Will have
to VotS upSn TO-lHOrrOW.

That the citizens of Memphis may to-mor-
row vote tell'gently on ihe acceptance of
the present of paid-up stock by the Water
Company to the city, the contract as agreed TO
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 q 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
viii become stockhoider iii the Water Com
pany:
increased to and fixed at the sum of S20O,000.
2. The city Will subscribe for one thousand
shares, aggregating one hundred thousand
dollars Of the said capital stosk; and upon en-
tertng into the contract hereinafter men
toned, shall receive from the Water Company
certificates showing that the said one thou
sand shares of stock have been fully paid for.
The present stockholders Of the Water Com
pany shall, at the same time receive certif-
Gates showing that the one hundred thousand
dollars of the capital stock held by them has
been fully paid for. The subs srip ption for stock
on the part of the city, 1t is understood. can
not be completed until afttr the assent Of
three-fouIths of the qualifi'sd voters, at an
election for the purpose, has been given.
3. As soon as the subscription for stock
has been aSsented to by three fourths OF
indicated, the city will enter Into q con-
tract with the Water Company, by which
1t Will agree TO rent from the Water Company
not less than twelve fire hydrants, or fire.
plugs and as many more as the city may re-
quire, for each mile Of mains, or main pipes,
tnat 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 ID designate the places at which
the hydrants shall be located, and shall not be
required TO rent more than twelve hydrants on
an ave. age for each mile of mains laid in the
city.
A. The Water Company shall guarantee that
the MIGRANTS viii throw twelve streams Of
water (eaeh stream 70 be 4 ON one-inch
nozzle and tn ough nity feet of hose) one hun
dred feet high; or eight streams leach from an
inch and a quarter nozzle through fifty feet OF
hoSe) one hundred and twenty i've feet high
nozzle through hfty ieet of hose) one hundred |
and fifty feet nigh. And the Water Company
shall furnish all nre hydrants valves and con- |
nections, and place them IN position, ready for |
use, and Keep the same ia good repair and in !
working order; ana shall also make connec- |
tions with the public cisterns as rapidly as
possible, and supply them with water, the city
keeping the public ctsterns In repair.
8. The city will pay TO the Water Company
for the term OF twenty years from the date Of |
the contra t, an annual rent (cin each hydrant |
that II has agreed 10 remit of Si25 upon each
one of the first one hundred hydrants erected; |
SIP 90 upon each one of the second one hun
dred hydrants erected; 500 upon each one of |
the third one hundred hydrans erected; and /
SO upon zach hydrani erected over and above /
three hundred. The rent shall be paid semi
annually, at the end Of each six months, and |
shall not commence until the machinery has |
D6tn ACcepleu Dy bQ6 W aUer company as In i
good working order, and the Water Company |
has established by a practical test that it is |
able 10 throw the several streams Of water 10 |
the several nights hereinOefore specified. /
Should the city purchase the water works to /
be erected by the Water Company, within the /
period Of twenty years, then the contract TO De /
entered into Is TO cease and be OF no further /
effect.
8. The present stockholders shall pay and l
discharge all the debts and liabilities Of the /
water company which have s.ccrued prior to l
the time at which the city becomes & stock L
holder, and shall indemnify and save the city /
as well as the Water Company, harmless from /
all such debts and Liabilities. And in consid- |
eratton Of their doing so, the Water Company /
shall issue and deliver 10 the said stockhold- |
ers, TO be held and enjoyed ty them as their /
own property, eleven OF the first mortgage
bonds OF the Water Company for one thousand |
dollars, each having twenty years 10 run, aRd /
the proper coupons attached.
The committee recommended the ratifca- |
ton of the terms so agreed upon, and also the /
passage or the ordinance which is submitted /
with and rs a part of this report.
II. q. DENT,
Chm WaterWorks Com Board of Aid.
]. ID. RUFFIN,
Chm Waterworks Com. of Council.
JOHN JOHNSON, Mayor.
W. NJ. RANDOLPH, City Atty.
Adopted by beard, December IL, lS7l; report /
adopted by council, December IL, lS7l.