Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-06-03
with request that they report back to
the next meeting of Council.
lao

The Board report that they have award
ed P. III. Thornton the contract for grad
ing Forbes street from Pleasant avenue
to BanfiI street, he being the lowest re-
liable and responsible bidder therefor.
Amount of bid, 3,949. Bond in the sum
of 1000, with Warren II. Mead and j.
G. Horrigan as sureties.
Also,
Sidewalk Orders Returned
The Board return the orders OF Council
passed on 10Th ulto. for the construction
of sidewalks, with the Endorsement there
on that the description OF property is in
definite.
Accepted.
Estimate
The Board submit, approved by them,
Estimate No. 10 and final, Granite stree.
grading, P. H. Thornton contractor,
S7O9.
Committee on Claims.
REPORT OF BOARD OF FIRE COMMISSIONERS
Also,
Plum Street Grading
To the Common Council Of the City OF st.
Paul:
The Board OF Public Works have had under
consideration the resOlu ion or order of the
Common Council approved May 9, 1882.
relative 10 The grading Of Pinm street, from
Commercial street to Hoffman avenue, and
having Investigated the proposed improve
ment, respectfully report that said improve
u,-nt is not necessary and proper AZ THIS time,
Yeas 6.
JOHN HARRINGTON, President.
r. L german, Clerk Board OF Public WORKS.
Accepted.
To the Honorable, the President and Common
C"nGcil # the City OF st. Paul.
GENTLEMEN: The Board OF Fire Commits
sion.rs III and for this city respectfully re
quest authority Of your honorable body to
st II and dispose OF ell condemned properly 10
the charge of the Fire DEPARTMENT and under
control III said Board of Fire Commissioners.
Respectfully submitted, +. bREUER,
President Board Fire Commissioners.
Nav Is, 1882.
Committee on Fire Department.
REPORTS OF STANDING COMMITTEES.
Of Committee of Ways and Means Bond
of City Treasurer elect
Committee to whom was referred the
bond of City Treasurer elect Rice report
the same back approved by them. APP
proved by the Council by the following
vote:
Yeas-Ald. O'Connor, Robert, Otis, Ring
valid. Cornish, Griggs, Starkey, Mccarthy,
Mr.. President g.
REPORTS OF SPECIAL COMMITTEES.
OF committee appointed to make
final settlement with the st. Paul
Water Company.
To The Honorable, the Common Council OF
the Cry of St. Paul
GENTLeMEN: The Special Committee hav-
ing charge Of the matter of the purchase Of the
property, rights and franchises h thu 81. Pau
Water Company. appoiuted under resolution
Of the Common Council of the 18th OF April,
1852, respectfully report that in connection
with the City Attorney and special counsel ,
they entered upon the discharge OF their
duties.
That they male Thorough investigation of
the condition of the Water Company and full
Examination of the subject. They finc the In
cumbrance referred to in the agreement of
April 10, 1882, arises from trust deed or
mort gage given ny the st. Paul Water Com
pany to tn. Farmers' Loan aud Trust G Mn-
pany of the State Of New York, dated Janu-
AIRY .. 1859. recorded in The o1i.e of R.gis
ter of DEEDS Of R .msey County, in book x Of
mortgages, page 2il, etc, to SECURE SN0,O'W
IN bonds of s lid company. of $500 each, uum
bet 10 400 inclusive. payable on the
10 day of January, 1889, with interest u,
he rate of per cent. per anuum, payable
~emi.annu4lly on the 10Th days OF July and
January of each year, for which coupons have
BEEN executed IN the usual form.
This mortgage provid-s that 10 per cent, Of
The gross earnings shall be applied or Sc,
tuart annually for the purpose Of retiring M
bonds, but not 1T a gre ,ter premium than 5 per
cent and that so much Of SAID ID per cena
hall not be SD applied in retiring SAID bonds
shall be placed in the hands Of the said trus
t-e, 20 be invested in Uat-d States bonds or
bonds OF the Eastern, Middle or Western
States.
Forty thousand dollars of these bonds have
been retired by said Water Com pany, and were
exhibited by the company cancelled.
The Interest coupons ave been kept care.
fully paid mp, and the CANCEL coupons we're
.lso exhibited by ,he company, except four
coupons, which have never h en- presented,
amounting to $50. which sum has been placed
BY the cornpan in the hands Of sal trustee.
m king the outs and'ng bonded debt $4,000
Tine stock books of the COMPANY, aud other
records insthis connec ion. were also CAREFUL,
examined, and the amount OF stack was ascer
t.ined 10 he $500 shares of 500 each, all Of
which were produced.
The floating debt OF the company, referred
in the said agreement OF the 18Th of April,
1889. was also ex lmined and fOnnd 10 be ia u
condition 10 be liquidated 10 few days.
TIE grants maze by property owners to the
company Of easements and rights of Il 'wsgr
and drainage and rights Of constructive H.
ana upon their lands were carefully Examined
aud also similar easements and rights TO b.
secured TO the city in the private LANDS O.
Charles d. Giifiiap, in accordance with sad
agreement of April Is, 1882 Also. the TILE
of lot I3, in block 9, of 81. Paul Proper, oc
cupied as the office OF the comp ny, was ex
anined and reported on bv couosel, being the
property of Charles D GIlf Ian, 10 be con
veyed TO the city under the terms OF the pur
chase The transfers OF the stock to the city
and the cOnveyances of the property and ease
ments On the part of Charles %. Gilfilan TO
the city, and the copveyapces and transfers OF
he St Paul Water Company of all its prop
erty, rights and franchises, as required by
the act of the legislature Of January 10, 1881,
have been all carefully prepared by counsel
and dated and executed on the 1st day OF June,
1889, ready for delivery upon payment of The
purchase money. The conveyances and trans.
fers on the part of the Water Company have
been preceded by proper resolutions OF the
directors and stockholders of the Water Com
pany authorizing the sale.
The commit ee recommends that an order
be directed to be drawn on the City Treasurer
in favor of the present members of the com
mittee, c. w. Griggs, w. D. Cornish. Charles
E. OILS and John DOglan, for the amount OF
the proceeds Of the city bonds issued aud M
o ,tiated under the resolution Of the Common
Council of April Is. 1881, in relation To said
purchase, and that said committee be author
zed to use and apply the said fund in settling
.nj paying the purchase money for said pur
chase upon the delivery OF the said convey
.uces aud transfers to sal II city an p ,pers re-
Quired by the terms of said purchase.
Dated June l, 1883. .. W. GaIGGs,
CHAs. e OrIs,
JOHN DowLAN,
w. D. CORNISH,
Committee
Accepted-tSee resolution.)
Of Aid GrjOrs. Trustee