The Palatka news and advertiser. [volume] (Palatka, Fla.) 1902-1905, 1904-09-30
THE BONDING QUESTION.
Alderman Norton Explains the
Councils Position on the
Proposed Bond Issue
For Water Plant.

EDllbh ~ " -
Doubtless you are correct in that
the voters or the bond issue ought to
have the plans and purposes of the
council placed before them in as
clear a light as possible that they
may vote with understanding, and to
this end | will make the following
statement
That there is crying need, a
strong demand for more and better
water. as the present supply is Meth
er sufficient in quantity nor quality,
for domestic and fire purposes-is
felt by all unbiased citizens. This
question has been the subject OF
much perpleXing thought before the
council for the six months past,
which question we have tried to meet
fairly and sQuarely with the result
that it is now laid at the gate of each
qualified voter, who will now carry
the burden for the time being and
settle the question.
Having failed to make any salts
factory arrangement with the present
water company, for fire protection,
they demanding 1915 per year for the
the seven hydrants now standing and
t45 per year for each additional one,
we turned our attention to the re-
sources Of the town to supply its own
water for both fire and domestic
purposes.
We propose, if permitted, to meet
the present and future demands for
some time to come as efficiently and
as economically as possible by OBJ
tanning our power for pumping from
flowing wells at the shore of Lake
Crescent with simply constructed
water-wheel The source of sup
ply will be Lake Stella, about
1900 feet away with 40 fit. eleva-
ton The water from Lake Stella
will be sIphOned to pumping station
and delivered by pump in "a tank OF
about 2OW0 gallons capacity on a
tower 80 or 10 feet high, which is to
give pressure and supply for the
town. We propose piping the CEN
trail portion with a 4-inclT pipe (samt
as has given supply for the past tel
years and side lines with smaller
and run those lines where there il
sufficient demand to justify the plac'
ing of pipe.
To do this We are asking the voters
TO permit the issue of bonds to the
amount of $500. The rate of inter
est, the manner of issue and sinking
fund are matters to be arranged late
and somewhat with demands of pur
chaser
l will say that the matter has haC
careful thought, enough that we fee
very sure that all this work can b.
accomplished with the amount asket
iOr' And this brings us to the yer,
important question of paying for AM
malntainauce, and to meet this W
are proposing this very simple bu
enelent plan of water power tina
viii be operated with very little eX
pehse' The small amount of car
can easily be coupled with anothe
oihce' Now, tnat we may have som
luea OF the cost to operate the PLAN
We Will figure interest at 8 per cen
have:
Interest s,as
sinking Fund n
hApense OF operating leo.
TOTAL s-oo-
As revenue TO offset this, the tow
S ss 70 begin with, take 500 a yes
ION ION general fund and place to watt
Geouht and S4c0 from individual
f'NIhg water account of 5000, whic
raves balance in favor of wat,
account. The income should pa
Iatry expense and become no burde
Sal rat help to the town. Til
gu. We town will have somethh
can ~ own at the end of ten years.
dn uiraSt with the past ten year
AZ ii lug which time the city has pa
M 'ea ;, 1870 for fire protection, a
me sS tIie amount asked for, makes
MARKED 4! showing.
~ mas never been the thought