Smyrna times., 1904-12-28
COUNCIL COMPLETES PLANS
FOR RENEWING TOWN BONDS
BILL WILL BE SUBMITTED EARLY AT
COMING SESSION OF THE LEGISLATURE.
Town Council Hears Final Report of Finance
Committee Which Was Accepted Tn.
aDimOuslY- Staudpipe Affairs.

tO"n COunCh HearS Flnal Report OF FINANCE
Committee Which Was Accepted Tn.
aDimOuslY- Staudpipe Affairs.
At meeting of the Smyrna Town
! Council Friday evening all the mem
bers were present, when Chairman
Stockly of the Finance Committee
made his final report regarding the act
to be presented to the coming Leg
islature for the purpose of the redemp-
tiOn of the present bonded debt of the
! town. This Indebtedness amounts to
/ $34, 900 and the Council will ask the
right to borrow this sum and to issue
bonds at such denominations as they
shall determine, to be dated the first
day of July 1905 and to be redeemable
any time after five years at
rate of interest not exceeding four
percent. Mr.. Stockley, who drew up
the act at the approval of the Finance
Committee, read it in it's completed
form to the Council which was received
with hearty approval. On motion of
/ LAOOlnSOu LuG l. AuduCC
Committee was instructed to get the
bill before the Legislature early in its
session in January. At the present
time S21, 600 of the bonds are redeema-
BILE at five percent, and $4,000 of the
bonds at four percent In placing all
the bonds at four percent it Is the
opinion they will sell just as readily
and at the same time be a saving to the
town. AS the redemption will not be-
gin for five years, the town will have
an opportunity to pay off its immediate
obligations and get its financial affairs
in good shape.
Painting Standpipe Will Cost Sl25.OO
Secretary Grieves stated that he had
receivd a communication from party
in Lewes who wanted the Job of paint
ing the standpipe. He quoted no price.
Mr.. Grieves asked for a report from
the lumber contractors present. Coun-
Gilman Wright said the use of the ma
terial and the building of the scaffold
would cost approximately $75. 90.
Councilman Hudson had no report to
make but said he would figure on it be-
fore another meeting. The painting
of the standpipe which would be extra
it was thought would not exceed $50 90
No action was taken in the matter,
however, and the subject was post
poned until another meeting.
Dcliuquents Allowed Until January the 10Th.
Considerable time was taken mp in
going over the delinquent hist of water
and light takers and after more or less
discussion it was decided to take up
the light claims first, and to give the
delinquents until January 10 next
when if arrearages were not paid
the light would be shut off. Sec
retary Grieves expressed some lit
tie anxiety over the coal pile which up
to Friday night was only enough in
hand to last four days. The Allegheny
Coal Company has shipped four car
loads but owing to delays in freights
were materially delayed. Mr.. A. l..
Jardine, manager of the Transporta-
tion Co., had plenty on hand and Of
fered to help the town out in case of
emergency.
Council Opposed to Paying Telephone Bill.
When the bills were taken up for
passage there were two from the Dia-
mond State Telephone Company for
phone rentals. These the Council laid
on the table and refused to pay for the
reason that the lines of the phone COM
pany were allowed the right of way
through town free of taxation and the
Council deemed it nothing but right
that they should have the use of the
phone at the plant without charge.
Some of the Council are strongly of the
opinion that each pole should be taxed
anyway and if the Diamond State Tel
phone should insist on the rental
of the plants phone being paid
the taxation plan may yet be an issue.
The phone tolls for out of town service
amounting to $3.50 were promptly
pale. Other claims amounting in all
$1115.S4 were allowed as follows: Co.'S
griff & Reynolds, coal, $3O.73; W.
/ T. Pryor, extra police. $500; Gar
lock Packing Co., $21.62; J. R. Cum
minis, extra police, $500; Salaries for
, the month of December, $262. 90; Fruit
/ Growers National Bank, interest on
? bonds, S785. 90.