The Providence news. (Providence [R.I.]) 1891-1906, 1900-05-04

CHAPTER s5.

City. OF Providence as follows:
section /. Permission Is hereby granted
build maintain use and operate for tele-
phone PURPOSES, stlbways, 'conduits. pipes
and necessary manholes and appurten-
along Park street from Kingsley avenue
10 Smith street; smith street, from Park
street TO Davis street; Back street. from
smith street to Orms street: Benent
street, from Hopkins street t0 George
street Pavilion avenue, from Rugby street
Ia, Broad street. and also 10 erect, main
tain and use poles and wires Tor teie-
phone purposes in. over and along Mary
land avenue, from New York avenue TO
the city line; Massachusetts avenue, from
Vermont avenue, from Eddy street to
Maryland avenue: Carpenter street. from
Jackson street 10 Knight street: and
River avenue. from Chnikstone avenue to
Eaton street, in accordance with the ac-
campaigning report OF the coInmissloner
OF Public Works. provided, said subways,
ated subject to all OF the conditions con-
tanned in Chapter "A of the city Ordi-
nances entitled Wires and OF the sew
is authorized 10 carry ms,n on a telephone busi-
ness IN the City OF Providence.
CHAPTER &C.
An Ordinance Permitting the Union Rail-
read p%Is company % to Lay Rails and ,r, TO Erect
tApproved April IA. l900.]
Ii Is ordained by the City Council of the
City OF Providence az follows:
Section 4. Permission is hereby granted
70 the Union Railroad Company In addi-
tion To the rights now possessed by II
10 lay maintain and use rails for single
tracks with suitable turnouts and 10 erect.
maintain and Use poles and wires Tor
the operation OF its cars by the electric
trolley system for the extension OF its
lines In Gladstone avenue, from Aca-
Charles street, from Admiral street 10
the city line: Hope street. from Rocham..
beau avenue 10 the city line; Smithheld
avenue, from Branch avenue TO the city
line. .BGssett street. from end OF the
present track TO Elm street; thence In
Elm street To Plain street, Plain street
from Elm street to Public street. also to
lay. maintain and use rails for a double
track, and To erect, maintain ana Use
poles and wires for the operation OF its
Dorranco str street. from WeybosseWt W street t
To Dyer street; and also TO lay rails for
the extension OF the present turnout In
more street, substantially I'm accordance
with the accompanying plans.
Sec. .. The condition OF this ordinance
Is that no rails shall be laid I'm 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
sewer built therein.
Sec. =. All OF said rails shall be laid
under the supervision and control of the
JpiHt summing tpmmlttte OF tne lily
Council on Railroads. and I'm accordance
with all the provisions and conditions
contained IN Chapter q OF the CITY, ordi-
of Chapter 5i OF the City y"sr Ordinances rD en-.
titled Wires" and OF any ordinances in
amendment thereof or i'm addition there
TO.
CHAPTER 81.
An Ordinance for Issuing n Loan for Re-
funding a Portion of the Water Loan
OF the City OF Providence.
Approved April IA, 1900
IL Is ordained by the City Council of the
City of Providence as follows:
Section ]. The City OF Providence will
issue bonds of said city TO the amount of
two million six hundred and sixty-six
the provisions OF ana am act OF the General
Assembly of the State OF Rhode Island,
passed at the January session. A. ID. 1900.
ing 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. shall
sell and dispose OF such bonds: and said
Treasurer shall receive the proceeds aris-
ing from the sl sale Of such ,, bonds and ,n
payment ut maturity OF the bonds now
outstanding and heretofore issued by the
City of Providence, under. the authority
of Chapter $40 OF the public laws, passed
bv said General Assembly at It's January
session. 1866 and OF Chapter 7% 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. g. 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 same. an amount
of said bonds OF the City of Providence
in accordance with such purchase or pur-
chases, in equal amounts OF one thou
sand dollars each. payable at the time
rate of three per centum per annum, pay
able semi-annually on the first days OF
May and November I'm each year after
the date thereof. with interest warrants
annexed to each bond for the several
sums OF interest. 70 become due semi-an-
nually as aforesaid or I'm registered bonds
as hereinafter provided.
Sec. 4. The principal of said bonds
shall be payable on the first day of May
IN the year nineteen hundred and thirty,
and, both principal and interest shall be
OF America equal to the present stand
ard of hneness 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 may be
received from the sale thereof shall he
irrevocably pledged and appropriated "a
~
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 a sinking fund for the
redemption of all water bonds of said
city as the same shall become due.
See s. Said bonds shall be signed by
the CITY Treasurer and countersigned by
the Mayor and registered by the
CITY Clerk who shall certify the reg
istry Of each bond: and the certificate of
the City Clerk that said bonds have been
registered by him shall be conclusive evi.
dence that said bonds have been issued
and sold as hereinbefore provided The
interest warrants or coupons shall be
signed by the City Treasurer only.
Sec s. Said bonds shall be substantially
| ly I'm the following form:
CForm of Coupon Bond)
UNITED STATES OF AMERICA.
City OF Providence.
State of Rhode Island and Providence
Plantations
Know all men by these presents. that
the .ty OF Providence. municipal cor
poration legally Incorporated by the
| GENERAL Assembly OF said State of Rhode
Island and Providence Plantations. ac-
knowicdges itself held and firmly bound
....1 .snt,