Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-04-27
CITY Mass Meeting.

ing for one week from today, ior tne
purpose of allowing the citizens 70 N1,S
enablinp act. Copies of the act may DO
had on application at the mayors once
Thn net which never has been published
in full is as follows: y,
An act to incorporate the New Cty Ha III
Commission of Wntervlile uiluer tne
name of the City Han Coi''i'ission'
Re il enacted by the Senate ana House
of Representatives, III
sembled. as follows: . ,,,, os
Section |. The mayor OF the cry ~
Waterville fer the time being, w. Nj Nj
Lincoln. II. II. Durham, F.. =. Lmay g., tha
countv of Knnnebec, and State of Maine
and their successors to be hereafter
elected in accordance with the provisions
of this act, are hereby createu co tLs
corporate and polite, by me nun, l,,ch - shall
city Hall Commission, ana as suc,, e, s',.,
have n common seal and power W ~
and be sued. The City Ha'l Colilil''sh ,a;'
shall elect a president from aihoiiS 'nr,i
own number and shall eject oiet "
such other officers rs may be necessa i.,y |,
or which the city council OF way. VIZ ~
snay hereafter. by vote. direct. AZ ~"
first meeting of said incorpoIa'ottN sro or
shall determine and designate WV
their number other than said mayor WIZ
shall cease to be members OF sald tIty
Hall Commission at the expiration OF W.
years therefrom, and two otners u W. ~, ~
number other than the mayor VINO sli'.,,
cease to be members of said commlSsio'
at the expiration of four years theretrom.
Their successors shall be elected loi :"
term of four years as PROVIDED III SCI
ton twelve of this act: me city tre ~
urer of the city of WaterVllie az Of of
time being shall be treasurer eX-oilcio OF
the City Hall Commission and shall Keep
the accounts of the money received anu
disbursed by him as treasurer OF we ely ~.
separate and distinct from those o. 'ne
"a ,JishIlrSnd
treasurer of said City Hall Commission
Sect. 9. The powers and duties of sad
City Hall Commission shan be those hGlI -
fore conferred upon the New City ran
Commission by vote of the city council
Of Waterviile, but said City Hall Com
mission shall have any other powers ana
perform any other duties which may
hereafter from time to time be voted anu
conferred upon it by the city council oil
Watervile.
Sect 3. The City Hall Commission are
hereby authorized to issue the bonds OF
the corporation to be known as the wa
terville City Hall bonds. at such rates
and on such times as may be approved
10y the city council. and for such amount
us the city council may approve. not to
exceed seventy-tve thousand dollars an
the proceeds of the sale OF said bonds
shall be exclusively, used for the purpose
CT erecting IA city building In the city OF
Waterville. which city building when
completed and properly equipped with
heating, lighting. Ventilating ana SAM
tary arrangements. shall not exceed the
sum of seventy-tive thousand dollars.
Sect 4. The city of Waterville Is here
by authorized when its city councli 81
votes. to convey to the city Hall Com
mission. the corporation hereby created,
in trust, its present city hall building lot
in said Waterville. together with the
buildings. additions and improvements
existing on said city hall lot at the time
OF said conveyance. for the sole purpose
,fc no the hcnts; is
sued under the provisions of section three
of this act and for no other purpose. Said
City Hall Commission shall hold said
property in trust for said purpose and
said city hall lot with all improvements
made thereon together with all buildings
which shull be erected thereon by Nlr-
tue of the powers of this act. shall be
holden for the payment of said bonds and
their coupons. which bonds and coupons
shall constitute a first lien thereon sub
iect to any existing membranes; and
said lien shall not be impaired by said
city of Waterville or by said City Hall
pons issued hereunder shall have been
paid and said trust discharged.
Sect ;. In case of default in the pay
ment of any of said bonds or the coupons
attached thereto when due. any holder
thereof may petition the supreme judicial
court for the county of kennebec by bill
in equity fer the benefit of himself as
we'll as for the benefit of other holders of
S'til bOIl'lS. ana S'iiil COURT may CiloiCt
said lien by appointment of receiver
and by sale of said property. according to
the usual practice in equity proceedings.
Sect. C. Said city of Waterville is here
by authorized and required to raise an
nually by taxation such sum or sums as
may be necessary to pay all expenses for
repairs, insurance and management of
said city building. when completed, to-
gether with an annual rental of said
building in a sum equal to the annual in
terest on the bonds issued and outstand-
ing under the provisions of section three
of this act, and shall be authorized to eX
empt said trust property from taxation
while held in trust according to the pro-
visions of this act.
Sect /. In consideration of the rental
as aforesaid, the city of Waterville shall
become the tenant of said city building
when completed, under such provisions
and directions as the city council of Wa
terville may vote from time to time. with
power to suitcase or Sub-let any part or
parts of said building and the proceeds
of said Sub-leasing or sub-letting. to-
Gether with any and all other revenue de-
rived from said city building. shall be in
vested in a sinking fund. which said city
of Waterville is hereby authorized to
create: hut said sinking fund shall be
used for the purchase of the bonds issued
under section three of this act, and for
no other purpose: provided. however.
that said sinking fund pending the pur-
chase of said bonds. shall be deposited by
the city of Watervlle in any savings
bank in this State. or invested in securi-
ties i'll which savings banks are by law
in this State authorized to invest. Said
city of Watcrville is hereby further au-
thorized and empowered to raise by taxa
ton or other means such other sums
from time to time as may be voted by the
city council of Waterville to be added to
said sinking fund or used in the purchase
of any of the bonds or coupons issued I'M
der the provisions of section three of this
act.
Sect. s. Bonds issued under the provis-
ions OF this act may be purchased and
held by savings banks in this State.
Sect. .. The city of Waterville may as
sumo the Indebtedness represented by
said bonds whenever it can constitutions
ally do so by exchanging it's own bonds
for the bonds issued under the provis-
ions of this act. and said bonds shall so
provide. Bonds so providing shall be
deemed negotiable. and whenever all of
the Indebtedness is thus assumed by eX-
change of bonds or whenever said bonds
and their coupons are all paid by reason
of moneys raised as provided in section
city of Waterville, or said City Hall Com
mission, to the supreme judicial court for
the county of Kennebec sitting in equity
said property shall be reconveyed to said
city of Waterville in discharge of said
trust.
Sect. 10. Said City Hall Commission
shall not sell. mortgage or in any way
dispose of the property held by them in
trust under the provisions of this act
except solely for the purposes of the
trust provided for by this act.
Sect. II. All duties and powers neces-
sary to be exercised with respect to the
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