The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-03-11

the deed to the property which
passed into the possession of the city
and approved of the same.
The special committee appointed by
the mayor to go over the books and the
miscellaneous property and the bonds
council last night In it's report the
committee recommended that the prop
erty be accepted as from March 1.
The committee after examining the
accounts made the following summary:
Net collections from the fat
rates for the first quarter COM
mencing January /, 1905. ..-... SIS. 1884
One-third of amount due the
Amount of unpaid rates for the
quarter .----.-.-. -----.----. 96l-3l
One-third due the city-.....-... 32o52
Total amount of unpaid bills in
Guiding meter bills for Febru-
ary --....--....-..-. .......-... 6,101.50
The city should pay the company one
months interest at per cent on $780,
600 bonds of city from which bonds all
April 1, should be detached. This
amounts to 81 166. .66; two months hy-
drant rental, 81, $50; cash, supplies on
hand March 1, new meters, sundry spec
ial purchases paid for by company on
or before March 10, $632.13; total, S4,-
342.7a.
The company should pay the city for
meter deposits. 81 so: interest for
bonds of the Topeka Water company,
assumed by the city, 81, $50; Knox tract
right of way. $500; trespass on lot l,
Underwood addition, $3.50; one third
fiat rate collected up to March l, 81
729.45; total, $6,2S5.95
Balance. cash due the city from
Topeka Water company on transfer,
$1,937.95.
The committee further states: "The
large number of meter accounts make
1t practically impossible to close the
accounts of the company and open the
accounts of the city at any definite
time. Under the plan suggested in the
report the transfer can be made by:
"F'irst-Payment by the company to
the city of check of 1916.
FSecond-Exchange of the city'S bonds
for the deeds to the property
With the adoption of the report by
the council the following two resolutions
were presented by the members of the
Sa me. committee. These two resolutions
practically represent the gist of their
findings and their further adoption by
the city council confirms the necessary
steps in making the transfer. The res
Be it resolved, that the mayor be and
he is hereby authorized and directed
to deliver to Charles F. Street, trustee,
$3.50, 600 4 per cent bonds of the city of
Topeka, bearing date April 1, 1904, and
due April 1, 1924, after having detached
and cancelled the coupon maturing
April 1, 1905, and all previous coupons,
and upon receiving from Charles +.
Street. trustee a deed to the property
of the waterworks in the city of To-
peka and the surrender of the possess
sion thereof.
Second-Be it resolved by the mayor
and council that the present employees
of the water company be paid the same
salaries as they are now receiving un-
til further notice and
Be it resolved that Jesse Shaw as
manager be and he is hereby instructed
to to n rHpafp1a in
structions from him as to the purchase
of supplies, etc, and as to the general
conduct of the business until the mayor
and council can adopt q. permanent sys-
tenn of mana cement and
Resolved that the city clerk is hereby
directed to notify the employees of the
water company Of the change of own
ership of the property as soon as the
transfer is consummated-
The receivership of Mr.. O'Neill ceases
virtually with the transfer of the deed
of the property by the waterworlSs
company to Charles T. Street as trustee.
The deed in question showing Streets
authority for making the transfer of
the property to the city has been turn
ed over by the latter to the city attor-
ney. The factor therefore of the re-
ceivership has ceased to exist The only
thing which is awaiting for the trans
fer is the registration of the bonds.
The city pays $620,000 for the property
assuming q bonded first mortgage al
ready in force amounting TO SztO,VUU ana
pays additionally $350,000 bonds of the
city Of Topeka.
sCity Attorney Spencer read his sup
Elemental report before the members of
the city council as regards his opinion
of the title to the property. His report
conceded with that of Judge Hazen
whose. report was already in possession
of the council and furthermore relates
of additional requirements which have
been met by the Topeka Water com
pany with regard to clearing up the
title.