Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-11-13

a SeltiinS ana co3SUlatlnE DaSln iOl CiedN-
ing the James river water last night
adopted the report of the subcommittee
recommending the adoption of an ordi-
i nance authorizing the City Auditor to
issue and sell ssO500O of 3la per cent.
twelve-year bonds, $250o00 of the proceeds
of which to be devoted TO settling
basin" account and the proceeds of the
| sale of s55,o10 to be placed to the credit of
| a stand pipe account" The report also
recommends the adoption of a joint reso-
luton insructinE an appropriation Of
$4,000 to be made for the aforesaid stand
pipe.
In opening the meeting Chairman Cor
don asked for expression of the sense
OF the members tC whether members of
both the Finance and Water committees
should not have two votes in their dual
capacity-a view which he seemed to
favor.
Mr.. Allen contended that gentlemen
were there as members OF a joint com
mtttee, and should each have one vote.
We want a ajority of this commit
tee. We don't want a majority of the
Finance or of the Water Committee" he
said.
After general discussion Of the qucs-
| ton, a rule was adopted that each mem
her of the joint committee s..ould have
one vote.
The chairman explained tat the object
Of this meeting was to receive and act
on the report of the subcommittee, which.
he said was in lne form of a recon-
menGation Of --e adoption OF an ordinance
and Joint resolution which would be read.
! The clerk then read the ordinance and
| resolution. which follow:
Ordinance and Resolutions
| Be it ordained by the Council of the
| CITY of Richmond:
| First. The Auditor OF the city is hereby
authorized and instructed to issue S!05.-
Q00 of Richmond city bonds, having twelve
vears to run and bearing interest at the
rate Of 1-2 per cent; the said bonds to
| be issued al such times and such amounts
not exceeding the amount herein speci-
fed and sold in such and such manners
as the Committee on Finance may direcc-
Second The proceeds OF the sale Of
S35N,0 600 OF the bonds authorized by the
section l shall be placed 10 the credit OF
an account TO be raised and to be called
Settling Basin Account. and shall be
applied to the construction of the sedi-
meuta ton and coaguGating basins to be
built in connection with the water-wor!.s
Of the city as provided in the plan pre-
sentcd by c. e Boiling. Superintendent
of the Water Works. and the proceeds OF
the sale of $55.0t0 of the aforesaid bonds
shall be placed to the credit of an ac-
count to be raised and to be called
Stand Pipe Account" and shall be ap-
piled to laying of al! mains, pipes, ana
connections necessary to put in operation
and use. as soon as constructed. the
stand-pipe hereafter TO be built for the
better supply of the high level districts
!. in the West End of the city, as provided
in the plans presented by c. z. Boiling,
Superintendent Of the Water-Works.
| Third, All warrants upon accounts rails
cd in section shall be drawn by inc
| Committee on Water. IN regular session,
after being approved by the superintend-
ent of the WateT-Worils, and shall be
sisneG by the chairman thereof.
Fourth In the year 1903 and every year
! thereafter for eleven years, or until all
OF the bonds authorized by this ordinance
| have matured, or have been redeemed
the Auditor shall. not later than july
| lst of each year. ont of the receipts OF
! The water-works place to the credit of
| recer1pticn S26, ,29S. IS, and to the credit OF
/ interest $14l75. which two amounts, ag-
gresating annually $tO.9I3l3, shall be Tor
/ the payment OF the interest on and 1oi
the redemption at maturity OF the pohaS
authorized by this ordinance; ana the
! said interest and redemption accounts
I shall be separate and distinct from the m
] ,arae+ and roderaption account of the
! present existing bonded debt Of the city.
Fifth. The amounts placed to the cied1t
of interest and redemption. as proNldeu
In section 4, shall be deposited to the
I credi; of the commissioners OF the supSl-
aizcd fund in two separate accounts ana
shah be by them disburscd for the pay
mont OF the interest on bonds; herein au-
thorized to the amount OF the hteres'
account. and Tor the investment or re-
! den1ption to the amount Of the reoemp.
tion account, but for the redemption Oh
tho ,onds herein authorized only Inc
entire redemption account shall renialI,
., 6eDosit or invested, and the interest,"
thereon reinvested until 1896, or until the
honds herein authorized SHAH nave ni'
turcd. Any securities purchased ior the at,
re3cmntion account herein created sha!1
$40 held and treated and accounted !ot
separately and solely for the rscemptloh
tho honds herein authorized.
sixth. This ordinance shall oe IN ioice
rrono and after its passage.
Joint Resolution.
re If Resolved by the Council or the
CIV OF Richmond. the Board OF Aldermen le
! concnrr;nc. That the Committee on /
rarce be, and is hereby, instructed W
i,,cl,,de In the annual approprianoh io'
- ,,aar 1909 the sum OF Of S70.eo ior the
! a-octio, nf a stand pipe In the west Eho'
Il