The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1893-11-17
THEY ALL VOTE AYE.
City Council Proceedings Water Works
Bonds Special Election Electric
Light Contract-All Float
Through swimmingly.

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of corsets at the aldermanic session last
evening, and the dignified actions of
that body we're in wonderful contrast
to its previous sessions. All were
present except Alderman Walden
and on Alderman Murray's motion that
a special election be called for Tuesday,
December 5, 1893, to select a city treas
urer to fill vacancy, all present voted
"aye."
Alderman Bingham lost no time in
following this motion up to the Effect
that the notice of election be also pub
lished in the Outlook, and on this mo-
ton they all voted "aye."
Next came up the form. Of advertise
ment for the sale Of the water works
bonds and Auditor Sheridan read a
draft of what he considered necessary in
the premises, which 10y reference of the
council to Attorney Porter was changed
TO read as follows:
Notice OF Sale of Water Works Bonds.
Notice is hereby gwen, that sealed
proposals for the purchase OF bonds OF
the city of Madison, s. D., to the mount
OF $4,000, issued for the purpose OF
building a system OF water works in said
city, will te received by said city until
December Z, 1893, at 8 o'clock p. M, at
which time said proposals will be opened
by the council of the said city OF Mad
ison, at their council chamber.
"Said bonds shall be issued in the de-
nomination OF $500 each, be payable in
twenty years from their date and bear
interest at the rate of 6 per cent. per
annum, payable semi-annually, princ,-
pal and interest, at either Madison, or
New York City. Five thousand dollars
OF said bonds shall be delivered on JAN
uary l, 1894, and the balance at such
times as may be agreed upon at the
time OF the acceptance OF the bid, and
the whole to be delivered before June l,
1894. Bids may be directed TO city au-
ditor of Madison, S. d.
"The city council reserves the right TO
reject any and all bids"
The resolution was not present {. for
adoption, nor was it afterwards adopted,
except in irectly in the following motion
made by Alderman Waskey:
That the auditor be authorized to
advertise for the sale Of the bonds voted
October 10, 1893, in one New York pa
mar npa Chi.ara ,apar on3 !, ~ -
fetal paper of the city, the advertisement
to be in substance us per draft by the
city auditor"
The adoption of this subsidiary mo.
ton gave rise to considerable inquiry
and discussion. The difficulty seemed
to be to reconcile it to the terms of the
Bingham resolut on of record before the
bonds were voted. Some thought it
conformed ana some thought it did not.
Alderman Waskey was in favor of WHIP
ing out the Bingham resolution il it
stood in the way, and desired Alderman
Fits to make the motion he had already
made for disposing of the bonds. Al
derman Fits objected. as he did not
want to make Il motion for anything he
couldn't vote for. He did not think this
was an advantageous way to sell the
bonds, $1,000 at a time, as the city would
loose heavily by it. Besides the resolu-
ton contained a clause which provided
that the bonds should ''be delivered at
such times as may be agreed. upon at
tlne OF acceptance of the bid" This
would give rise to disagreement and
trouble with whoever bought the bonds,
as they would want to dictate the times
OF delivery. But the preponderance of
sentiment in the council was ''agin" AL
derman Fits.
Alderman Waskey renewed his mo-
ton. and OF roll call the aldermen all
voted faye"
On the electric light question, which
had come up in the midst Of the preced-
ing discussion, it was agreed with Mr..
Winter that the arc light at the crossing
near the Lake Park hotel should be
moved south to the next street crossing,
and it was moved that the present ar
rangement with the electric light COM
pany should be continued until the re-
turn OF President Jones. AS all appear
to be agreed on this proposition,
suggested that it could be
passed as assented, to, but the mayor
brought down his gavel very emphatic
ally with the announcement that here
this council should act strictly ac-
cording to business methods, and that
everyone would have to go on record.
He ordered the auditor TO call the roll
and all voted 4aye."
Want Betfer RaNaa