Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1903-09-03

larger than they were a year ago for
the corresponding month.
The following resolution was then
presented:
In accordance with the provisions of a
resolution adopted by the legal voters of
the city of Burlington on the 18th day of
January, 1903, at a meeting for that pur-
pose, duly warned under the provisions
of number 2l3 of the acts of the General
! Assembly of 1902. and in accordance with
the provisions of said act, said city of
! Burlington will, and does hereby pledge
| the credit of the city in the sum of $4,000
| by the issuance of its negotiable bonds to
/ the amount of said sum of SIS, 600; that said
/ bonds shall be known as, and called, cleo
! trio bonds; that said bonds shall be issued
| in denominations of $500 each; that said
! bonds shall bear date on the first day Of
! November, 1903 and be made payable 80
years after their date, and bear interest
at the rate of three per centum per an
mum, payable semi-annually, which shall
| be specified in coupons attached to said
| bonds that said interest shall be payable
on the first day of November in each year;
that said bonds and the interest thereon
| shall be made payable at the Office of the
city treasurer of said Burlington; that
said bonds shall be signed by the mayor
and countcrsigne by the treasurer of
said city of Burlington. and the seal OF
the said city shall be arTx-d thereto, at
! teSteO Dy tne clerk OF SalO city, ana the
| coupons attached thereto shall be signed
by the treasurer Of said city; that said
| bonds shall contain statement that they
were issued for the purpose of construct
ing an electric light plant in accordance
with the provisions of said resolution
| adopted January II. 1903, and in accord
| ance with said act number 2l2 of the acts
of the General Assembly of 1902 that the
mayor and treasurer of said city be, and
hereby are authorized to sell and dispose
of said bonds, after the same shall have
been duly executed, as aforesaid at no
less than their par value. and to adver-
tiSe the sale thereof If they deem IL nee
essary, reserving the right to reject each
and all bids therefor that the funds
realized from the sale of said bonds be
placed to the credit of the committee on
street department to be used for the pur
pose of the construction of an electric
Ight plant for said city; in accordance
with the provisions of said resolution,
adopted January II. 1908, and in accord
ance with said act No. rs of the acts
of the General Assembly of 1902 that the
city council shall annually provide by tax
for the payment of interest on said BONDS,
and for "A sinking fund for the payment OF
said bonds at maturity; that the city
treasurer shall keep a record of the bonds
issued under this resolution, the issuance,
payment and discharge thereof, as pro
vided in the charter of said city for other
After the resolution had been presented
Alderman Taft said that he did not think
II had been properly brought but instead
Of being presented to the city council
should have been brought before the
board of aldermen. Alderman Reeves
thought that the question should be re-
ferred to the city attorney. Mayor Burke
said that the city attorney had told him
that the resolution should be brought be-
fore the council.
Upon that Alderman Richardson said
that in times past the opinion of the city
attorney had been quoted to the board
but that when received from the at
torney himself. in writing, it had been
exactly opposite from what it was quoted.
I1e thought the opinion should be re-
ceived direct from Attorney Brown.
Alderman Shea said that the resolution
could be passed and the opinion OF the
city attorney received Saturday and II he
said 1t should be brought before the hoard
of aldermen the resolution could be
rescinded.
Alderman Taft said the resolution ought
not to be passed and then rescinded as
that would be boys play.
| Alderman Shea then moved to lay the
resolution on the table until Monday
| night and Alderman Taft Immediately Of
| fered an amendment to lay II on the table
until one week from Monday night. An
aye and nay vote was called for upon
the amendment and upon the original
motion, Upon the amendment the vote
stood as follows; Aye, Mayor Burke and
| Aldermen Coffey, Parker Shea and
Tricky nayf aldermen Morgan, Reeves.