The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-12-06
BONDS ARE READY.
Council Authorizes Issuance of Water
works Securities

Action was taken by the council
Monday evening which marks the be-
war for the municipal ownership of
waterworks in the city of Topeka.
A resolution was unanim ously
adopted by the council authorizing
the mayor and city clerk to proceed
with the execution and registration of
the $350,00O of waterworks bonds
which for nine months have been
lying in the city clerks vault. There
be signed by the mayor and city clerk,
and each must be registered by the
city treasurer, the state auditor and
the county clerk. When this is done,
are not merely $50 handsomely en-
graved pieces of parchment.
Under the provisions of the bonds,
they must then be registered by the
gage and Trust company of New York.
1t developed last night that the city
council is adverse to sending the
bonds back to New York for the sig
that he should send some one out
here to attend to that part of the
programme, as it is a ceremony
which is called for under a special
form of bond requested by the Topeka
Water company. The idea which
President Street had was that the city
should send the bonds to New York
to be registered, but the expressage
age would amount to several hundred
dollars, and hence it would be no
more expensive for the New York
company to send a man here to sign
the bonds.
After being duly executed, the bonds
will be ready for delivery to the United
States court, which will hold $3O7,OOO
of them in escrow pending the settle
ment of the damage suits brought
against the water company by the in
surance companies as a result of the
Parkhurst-Davis fire.
The resolution passed last night by
the council was as follows:
Resolved by the mayor and coun-
Gil that the mayor and city clerk be
auth orized and directed to execute the
$3.50, 600 in waterworks' bonds hereto
nance No. 24OO, and the city clerk be
directed to notify the secretary of the
United States Mortgage and Trust
company of New York city when said
bonds are ready for his cert1hcate.-J.
w. F. Hughes"
Action on the Edison electric light
franchise was postponed by the city
council Monday night, owing to the alb
liday and Griley. Councilman Griley
was called to st. Louis Monday after
noon by wire. Councilman Holiday is
in New York.
1t was limited by some of the MEM
bers of the council last night that when
the ordinance is taken up as the spec
ial order of business at meeting called
for December ID, the Edison company
will have some important concessions
to make, which will insure the passage
of the ordinance without much opposi-
ton. When Mayor Bergundthal was
asked whether he had been given to
that any concessions would
be made, he said:
Mr.. Mulvane has not told me of any
concessions. All he said was that he
was in no hurry about the ordinance,
and would prefer that the council take
it up at it's next meeting, when it will
not have so much other business on
hand. suppose the fact that Council
men Holiday and Griley are out of
town had something to do with Mr..
Mulvane's decision"
Councilmen Holiday and Griley are
both friendly to the passage of the or
dinance.
In order to make the records show |
the progress of the affair, formal re-
port was filed by the committee of the |
whole, signed by Mayor Bergundthal as
chairman, reporting back the franchise
with amendments. The consideration
of the ordinance was then formally |
until December ID.