Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-08-04
Resolutions.

RESOLVED, That the report of the special
committee in relation to the modified PROPOSE
ton of the st. Paul Water company in rela-
ton to the purchase by said city of the prop
erty, rights and franc hises of said company,
and its capital stock under the act OF the leg
islature of February 10, 1881, be and the same
is hereby adopted, aid that the said modified
proposition of said company presented and
accompanying said report be and the same is
hereby accepted.
Yeas-Ald. Dowlan, O'Connor, Robert,
Fischer, Otis, Smith, Cornish, Johnson Van
Slyke, Starkey, Mr.. President-1.
Approved August 3, 1882.
ReSoIued, That for the purpose of paying
the cost of purchasing the capital stock, prop
erty and franchises of the st. Paul Water
company as provided by the act of the legis-
lature in that behalf of February 10, 1881, en-
titled can act to authorize the City of st.
Paul to purchase the franchises and property
of the st. Paul Water company and creating
a board of water commissioners" and to
carry out the terms of said purchase as agreed
on between said City of Saint Paul and Saint
Paul Water company by the acceptance of the
modified proposition of said company, that
bonds Of said city as provided by said act be
issued to the further amount of ten thousand
dollers in amounts of one thousand dollars,
each dated on the first day of June, A. d.
1882, redeemabe in thirty years from the date
thereof, bearing interest at the rate of per
cent. per annum, payable semi-annually in
the city of New York at the fiscal agency of
said city of st. Paul so as to conform to the
series Of per cent. bonds heretofore issued
under said act.
Yeas-Ald Dowlan O'Connor, Roh r.
Fischer, Otis, Smith, Cornish, Joans,,u, v IL
Slyke, Starkey, Mr.. Presi6ent-Ii.
Approved Aug. s, 1882.
nl.x
Dowlan, Charles E. Otis and w. d. Cor
nish be, and they are hereby appointed a
special committee with power to receive the
cash proceeds of the thirty-seven per cent.
city bonds, part of the issue heretofore order
ed under the resolution OF the Common Coun-
ell of April is, 1882, being
the sum of 200 cash now in the
hundred and thirteen per cent. bonds lin
Guiding the ten bonds not yet ssued) authorized
by said act, for the purpose of paying and
settling the consideration of the purchase
from said Saint Paul Water Company of its
property, rights and franchises and capital
stock, according to the modified PROPOSE
ton oil said company this day accepted by
said city, and that for the purposes aforesaid
an order be drawn on the City Treasury for
the said amount of cash and said three hum
dred and thirteen bonds, being in all the sum
of three hundred and fifty thousand dollars,
in favor of Robert A. Smith, John Dowlan,
Charles E. Otis and W. D. Cornish, Special
Committee aforesaid, and that the said Commit
tee have full power to use
or deliver the same as SO much
cash in settling said consideration
upon the delivery to said city of the convey
ances, transfers and bond OF indemnity pro.
vided for in said modified proposition of said
company, and in connection Herewith to de-
liver to said Charles d. Gilfllan the bond OF
indemnify of aqid cifv AGAINST hre. oiIaranty nj
January rs, 1859, therein referred 20:
Yeas-Ald. Dowlan, O'Connor, Robert,
Fischer, Otis, Smith, Cornish. johnson,
Van Slyke, Starkey, Mr.. President-12.
Approved August 3, 1882
Adjourned.
A. ALLEN,
President of Council.
THos. A. PRENDERGAsT, City Clerk.
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