Telegram-herald., 1886-10-13
sHoULolT Sc sccepTeo9
fan fsAt 81 the Hy8r2ulie Company
Ffeposition 10 Bay tae water Works

fsn fs2t 81 the Hy9r2ulie Company =,
Ffeposition 10 Fiay tss water Norks
| Below Is printed a ful ths Hyifaaiic
Couganys proposition % bay the c.is =
SYSTEM OF waier works which pss submis
TED e the Council iasf Moadas niehi and fe-
fsrred 70 the board Of Public Works and .
| committee ct citizens consisting Of Thomas
d. Gilbert. A b. Watson, Nnh4m A Ber-
sey. Joho l.. Shaw and George G. Piesee
/ The proposition reads as follows
| To the Honorable Mayor and Common
| Cohnsil OF the City of Grand karias.
&Ihe President aud Directors Of the Grand
| Rapids Hydraulic Company respectfully
| submit the following propositions With the
siex Of solving ilie water question ia Grand
| Rapids
tin>i-fhis Company is willing TO pur.
| chase Of the city lis present system Of water
works and 20 pay. therefor the SUM oi
| $40, ooo a9l four hundred and eighty i've
| thousand aud sikty-uK dollars and thirty
nine cents, payments 10 be made ia The
| following manner, Upon the signing OF tie
CONTRACT a payment ia cash OF one hundred
and three thousand and sixty-six collars
| and thlrtv-nine cents SOS, ,0,o58i. The
payment of the balance 10 be made as the
ANilAc VI tiAt tAtl ftlatNlNs Atltl rt4lU
payment TO be secured by deposit IN the
city treasury 10 an amount of the six per
cent first mortgage bonds of the Company
equal 10 the water debt OF the city, The ia
terest upon which bonds so deposited shall
accrue 10 the benefit Of the city The Com
pany Will pledge itself to perfect the supply
system and furnish a supply of pure water
entirely adequate for all the present and
prospective needs of the city. and under a
sui fti.t.
tire service not only in the business portion
bat also on the bill. The Company will
also pledge itself 10 lay pipe in all parts of
the city not now furnished with supply
ahd 10 further extend pipes as ordered by
the Common Council
The Company further agrees 10 supply
the city with water for fire purposes
at the rate of forty dolia,s per
annum for each hydrant for the ex-
listing hydranis. and ar the same rate for
additional hydrants. until the number of
five hundred hydants shall have been
reached, and for all hydrants ses beyond
that number, the sum of thirty-ty dollars
each per annum. When the Common
Council shall order extensions of the pipe
system from time 10 time as shall be deem
ed necessary by them, they snail also order
a hydranI placed upon each tive hundred |
feet OF such extension.
the schedule of water rates adopted by them |
shall not exceed the rates in the schedule OF /
the city, as II now stands AT the termin- |
alton of the fourth year Of the existence OF /
contract between the city and the com /
pany, the company shall make up an ac-
count OF It's earnings for-the previous year,
and shall set aside an amount equal 10 |
twenty five per cent. of its net earnings, |
after paying interest and expenses. which |
said ap,pupf shall la arpfief k.- Ia o,..
pany 10 the reduction OF the city's hydrant
rental for the ensuing year; and this ar
rangement shall continue during the life OF
the contract At any time after five years
from the date of the cor tract. the city shal,
have the right 70 purchase the complete
works of the company and acquire all its
charter rights. al what the property shall
then be worth; the price TO be agreed upon
by the city and the company and If they
cannot agree, TO be settled bv arbitration
Second. The company will lease the
works OF the city as they now stand, for a
fvss ss.~sazss..4t
city in as good condition As it now is and
further shall replace the Wyckoh wooden
pipe and pump logs with cast-lron ser
vice The company further agrees that IT
will extend its pipe upon order of the Com
mon Council, i'm the same manner and upon
the same terms as set forth in the FIRST pro-
position The city shall have the option,
at any time after five years. TO terminate
the lease upon a notice Of six months and /
the payment of the cost of the betlerments |
to its system made 10y this company.
The company will pledge itself 10 perfect /
the system and furnish a supply of pure /
water, entirely adequate for all the present /
and prospective needs of the city. and un- /
der a sufficient pressure to furnish satisiac- |
tory fire service. not only in the business |
portion. but also on the hill. The terms for |
hydrant rental will be the same as stated in |
the first proposition.
The company will pay to the city an an
nual rental of 50 600, twenty-five thou
sand dollars.
Third-The Hydraulic Company will
undertake to develop and perfect a supply
system and contract 90 furnish an abund-
ance Of pure water. sufficient for The pres
ent and prospective needs OF the city, un-
der a Sufficient pressure for all purposes.
And will deliver the same 20 the city mains
At or near the present pump house. The
company will make a charge for such SER
vice upon an equitable basis, 20 be deter
mined upon by agreement between them
selves and the city The company will
give the city the same right of purchase as
set forth in the first proposition.
These propositions are submitted with
the request that your Honorable Body con
fer with the representatives OF this COM
pany regarding the same.
October 1. lsS4.
The President and Directors Of The
Grand Rapids Hydraulic Com
pany. BY
" 4 Crow. President
joins T. N0RE. Secretary.
The committee Of citizens named above
and the members of the Board Of Public
Works viii meet for The purpose Of consid-
ering the otler at Alderman pantliud
office in the rear 81 The Fourth National
Bank. at - this evening. and the result
of their deliberations viii probably be re-
ported 20 the Council next Monday night.
Come anil see oar usv press ran Friday morn.ur
I at Ii U C.fICs
SHOEMAK BOUNCED.
The wyoming Contested Election Case