The Providence news. (Providence [R.I.]) 1891-1906, 1900-05-03
CITY OF PKovIDENCE.
CHAPTER e5.

Telephone Company TO Build SubwayS
and 20 Erect Poles and Wires In Ger
tain Streets.
lApproved April IA. 1901
IL Is ordained by the City Council OF the
city of Providence as followsi
Section 1. Permission Is hereby granted
70 the Providence Telephone Company TO
build, maintain. use and operate Tor tele-
phone purposes. subways. conduits, pipes
and necessary manholes and appurten.
ances for carrying wires In, under and
along Park street, from Kingsley avenue
TO Smith street; Smith street, from Park
street to Davis street; Back street, from
Smith street To Orms street; Benefit
street, from Hopkins street to George
avenue, from Rugby street
TO Broad street; and also TO erect MAIN
tain and use poles and wires for tele-
phone purposes In, over and along Mary
land avenue, from New York avenue TO
the city line; Massachusetts avenue, from
Virginia avenue TO Maryland avenue;
Vermont avenue. from Eddy street TO
Maryland avenue; Carpenter street, from
Jackson street TO knight street; and
River avenue. from Gladstone avenue 10
Eaton street, I'm accordance with the ac-
companying report OF the Commissioners
% poles % and wires nS shall Gf'b be built and cper,
ated subject TO all OF the conditions con-
tanned in Chapter 81 OF the city Ordi-
erai ordinances whereby, said company
is authorized to carry on a telephone busi-
ness In the City OF Providence.
CHAPTER Sc.
An Ordinance Permitting the Union Rail-
road Company TO Lay Rails and to Erect
Poles and Wires In Certain Streets.
tApproved April IA, 1901
II is ordained by the City Council OF the
City. OF Providence as follows:
Section I. Permission Is hereby granted
10 the Union Railroad Company In addi-
ton to the rights now possessed by II
10 lay. maintain and use rails for single
tracks with suitable turnouts and TO erect.
maintain and use poles and wires for
the operation of it's cars by the electric
trolley system for the extension of its
deny DENY " avenue to Winthrop avenue:
Charles street, from Admiral street TO
the city line: Hope street, from Rocham-
beau avenue TO the city line; smithheld
avenue. from Branch avenue to the city
line; Bassett street. from end OF the
present track 10 Elm street: thence I'm
Elm street to Plain street. Plain street
from Elm street to Public street; also 10
lay, maintain and use rails for double
track, and to erect, maintain and use
poles and wires for the operation OF its
cars by the electric trolley system in
Dorrance street, from Weybosset street
10 Dyer street; and also TO lay rails for
the extension of the present turnout in
Broadway. from Pallas street TO Balti-
more street. substantially In accordance
with the accompanying plans.
Sec. 2. The condition of this ordinance
is that no rails shall be laid in Charles
street, from Hagan street to the city
line until that portion OF Charles street
Is brought 10 grade, and that no rails
shall be laid In Smithfield avenue until
said avenue is brought to grade and a
sewer built therein.
Sec. 3. All of said rails shall be laid
under the supervision and control of the
Joint Standing Committee OF the City
Council on Railroads. and In accordance
with all the provisions and conditions
contained in Chapter is of the City ordi-
nances entitled Railroads.. and also
of Chapter "a OF the City Ordinances en-
titled Wires" and of any ordinances in
amendment thereof or in addition there
TO.
CHAPTER 81.
An Ordinance for Issuing a Loan for Re-
funding a Portion of the Water Loan
of the City OF Providence.
[Approved April IA. 1901
1t Is ordained by the city W Council o OF the
Section /. The City of Providence will
issue bonds of said city 10 the amount OF
two million six hundred and sixty-six
thousand dollars, under and by virtue OF
the provisions of an act of the General
Assembly of the State of Rhode Island
passed at the January session, A. ID. 1900
ing a portion of the water loan of the
City of Providence
Sec ?. The City Treasurer. acting un-
der the direction and advice Of the Joint
Standing Committee on Finance, shai
sell and dispose of such bonds, and said
Treasurer shall receive the proceeds aris
said proceeds shall be applied for the
payment at maturity OF the bonds now
outstanding and heretofore issued by the
City of Providence under the authority
of Chapter Go of the public laws, passed
bv said General Assembly at its January
session, 1866 and of Chapter 1S4 of said
laws, passed at the January session. 1869,
or for the purchase OF any of said bonds
before maturity at such price as said
treasurer with the advice of said Com
mittee on Finance shall determine. and
for no other purpose; but such bonds
shall not be sold for less than their par
or face value.
Sec. 3. Upon the sale OF said bonds
said City Treasurer shall. upon payment
under the corporate name and seal of
the City of Providence, to the person or
persons purchasing the ,s; same; an amount
I'm accordance with such purchase or pur-
chases. In equal amounts of one thou
sand dollars each. payable at the time
hereinafter named. with interest at the
rate of three per centum per annum. pay
able semi-annually on the first days of
May and November In each year after
the date thereof, with interest warrants
annexed to each bond for the several
sums of interest 20 become due semi-an-
nually as aforesaid or In registered bonds
as hereinafter provided.
Sec. T. The principal OF said bonds
shall be payable on the first day of May
In the wear nineteen hundred and thirty.
and both principal and interest shall he
paid I'm gold coin of the United States
of America. equal TO the present stand
ard of fineness and weight at the Ma
tional City Bank OF New York. and all
premiums or surplus over and above the
par value of said bonds which NAV be
received from the sale thereof shall he
irrevocablv pledged and appropriated 10
n sinking fund for the redemption of said
bonds: and the receipts for water rents
after the payment of the cost of man.
aging the water works and the payment
of the interest on any notes or bonds OF
said city issued on account OF the con-
struction OF said water works. shall be
appropriated to sinking fund for the
redemption of all water bonds of said
citv as the same shall become due.
Sec. 8. Said bonds shall be signed by
the Citv Treasurer and countcrsigned by
the Mavor and registered by the
city Clerk. who shall certify the reg
istry of each bond; and the certificate OF
tho City Clerk that said bonds have been
registered by him shall be conclusive evil
dence that said bonds have been issued
and sold hereinbefore provided. The
interest warrants or coupons shall be
slened by the City Treasurer only.
Sec. g. Said bonds shall be substantial
ly i'm the following form:
(Form OF Coupon Bons)
UNITED STATES OF AMERICA.
City of Providence.
No. $1,000
State OF Rhode Island and Providence
Plantations.