Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1895-09-04
WATERW0RKS ASSURED
Definite Agreement Arrived at Mon
day Evening Between the Wa
terworks and Citizens
Committees.
CITY WILL CONTROL THE PLANT.
A Fran chise Will Probably be Granted
at the Next Meeting of the Council
The System to be Completed Dur
ing the Life of the Present
Administration.


The System to be Completed Dur
ing the Life of the Present
Administration.
After several weeks of doubt and
uncertainty the waterworks question
has assumed definite proportions.
Everything is now clear sailing, and it
is fair to assume thata system Of water
works will be inaugurated during the
life Of the present city administration.
The waterworks committee of the
common council and the citizens COM
mittee appointed to solicit subscrip-
tions for stock in water company, met
in conference Saturday evening and
discussed the question. No under
standing was arrived at and the meeting
adjourned to Monday evening, when an
amicable agreement was formulated
under the conditions of which a fran
chise is granted to build the plant,
which, on completion, will pass into
absolute control f the city. TIE gen
eral plan, Without going into minor
details, which are yet to be settled, is
as follows:
l. The water company to construct
the plant. to cost, say S90,0 600, and iseue
bonds for the amount, at per cent,
which may be subscribed for.
2. On completion, the city will be
given possession of the same, paying
$4,000 in cash, and retiring that
amount of bonds, leaving the debt, say
$4,000, against the plant. The inter
est to be provided for annually by tax
levy, and the city to have the option
of retiring bonds as fast as it may
choose
8. The general idea is that when
ever the city shall have paid the water
company the cost of the plant, ard 6
per cent. interest on the investment,
the absolute title becomes vested in
the city.
4. All revenue to be the city's, and
profits accruing to belong to the city.
The plan, briefly outlined here, was
unanimously agreed to by the mem
bers of both committees, and awaits
only the endorsement of the council
and the subscribers to the fund, and
settlement of the minor details, which
it is certain will be arranged.
There is no doubt but that all of the
bonds will find ready takers among our
citizens, as one bond will be as good AS
another, and will pay net income of
6 per cent. on the investment. They
will probably run for twenty or twenty
five years.
A special meeting of the council will
undoubtedly he called the first part of
next week, to ratify the action of the
water" orks committee and grant a
franchise, providing Engineer Morgan
furnishes completed plans by that time
which meet with the appreciation of
those Interested At present the
plan embraces about thirteen miles of
mains and l3O hydrants, but some
changes will doubtless be made. The
location Of the pumping station has
not been decided upon as yet, but the
one involving the least cost and being
most advantageous to the city will be
selected
The date of the Jefferson county
fair, October to 4, is near at hand. and
those wishing to make entries should
carefully examine the premium list.
Persons not having such list can get
one by addressing DR.. J. L. Kearnev,