Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-03-04

skilled in hydraulic engineering, none
of whom shall be residents of the
counties of Kennebec or Somerset, and
on payment or tender by said district
of the amount fixed, and the perform
ance of all other terms and conditions
imposed by the court, said entire
plant, property, franchises, rights and
privileges shall become vested in said
water district, and be free from all
liens. mortgages and membranes
Heretofore created by the Waterville
Water Company, or the Maine Water
Company. Said appraisers shall, upon
hearing, fix the valuation of said plant,
property and franchises at what they
are fairly and equtably worth, so that
SAID Maine Water Company shall re-
| ceiye Just compensation for all the
same. In their report said appraisers
shall state the date as of which the
valuation aforesaid was fixed, from
| which date interest on said award shall
run, and all net rents and profits ac-
cruing thereafter shall belong to the
water district. The court may con-
finn such report, or reject it, or re-
commit the same, or submit the sub
| icct. matter thereof to new board of
appraisers.
Section s. Before a commission is
| issued to the appraisers, either party
may ask for instructions to the APP
| praisers and all questions of law aris-
! ing upon said requests for instructions
or upon any other matters in issue may
| be reported to the law court for de-
| termination before the appraisers pro-
coed to fix the valuation of the prop
| crty. All proceedings of the court or
any judge with reference to any mat
| ter herein. raising a question of law,
| shall be subject to exceptions in the
manner provided by statute in equity
causes; but after decision of the law
court upon report as provided for i'll
| the first part of this section, notwith-
| standing said exceptions, the case shall
proceed before a single justice and
shall not again be marked law until
after decree thereon, unless the court
or the judge being Of the opinion that
! any question involved is of sufficient
| importance shall otherwise order. After
said appraisers begin the work of the
valuation of said plant and prop
erty, said bill in equity shall not be
discontinued or withdrawn by said
water district and the said Maine
Water Company after that date may on
its part cause said valuation to he
made as herein provided and shall be
entitled to appropriate process to COM
pei said water district to perform the
| terms of the final decree and to pay for
said plant and property in accordance
Herewith.
Section 8. All valid contracts now
existing between the Waterville Water
Company or the Maine Water Company
| and any persons or corporations for
supplying water within said district
ard said towns of Benton and Wins
low shall be assumed and carried out
by said Kennebec Water District.
Section 10. For accomplishing the
/ purposes of this act said water district
through its trustees is authorized to
| issue it's bonds to an amount sufficient
to procure funds to pay expenses in
! CURED in acquisition of the property
of said Maine Water Company and the
/ purchase thereof and to secure new
source of supply. Said bonds shall be
a legal obligation of said water dis
trict which is hereby declared to be a
quasi municipal corporation within the
meaning of section fifty-five, chapter
forty-six of the revised statutes, and
all the provisions of said section shall
be applicable thereto.
Section II. All individuals, firms
and corporations, whether private, pub
lie or municipal, shall pay to the
treasurer of said district the rates es-
tablished by said board of trustees for
all water used by them, and said rates
shall be uniform in their application
within the district. Said rates shall be
| SO established as to provide revenue
for the following purposes:
Il /. To pay the current running ex-
penses for maintaining the water sys-
tenn and provide for such extensions