Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1906-12-28
COUNCIL AFTER
WATER BOARD
Wants Thai Body TO Take
Care Of lis Own Bends
and Interest
MUST PRODUCE TIE CASH

City Council last night passed a reso-
luton putting IL UP 70 the Board Of
Voter Commissioners 70 pay it's bonds
amounting to s25oo and interest Of
1856 falling due next year.
Mr. White, chairman Of tho finance
committee. presented his resolution
under the following section acts rclat-
Ing to tho W8lcr Department. The
Clty Council SHALL durlng the month
on December IN each and every year,
notify The Board Of Water Commits
sloners ~ tho amount Of interest ANA
bonds due and payable during the en-
suins year. ON lil loans created for tho
ucAriit of Tho water works stating the
time When due, and tho AMOUNT Of In
terest payable AMI The bonds redeem
ablo.
The Board oc Water Commissioners
shall BOY 90 the city tho amount of
interest duo in each year, such pay
ment TO be made at least ten days be-
fore the said interest IS PAYABLE to the
holders Of any water loans.
Part Of Resolution. q
Tho resolution which was adopted is
in part as follows
AMI Whereas The above mentilned
bonds amounting TO S9,50O ard interest
amounting to S7Si6 falling due I'm tho
year 1907 should be paid by the Board
Of Water Commissioners in accordance
with the provisions Of the statute in
that behalf
And Whereas, It is the duty OF the
Council during the month Of December
In. each and every year to notify the
Board Of Water Commissioners Of the
amount Of interest due and payable
during the ensuing year 'on an ioans
created for the benefit of the water
works, stating the time when due, ana
tho amount OF intercst PAYABLE.
And Whereas, II is also the Sqnty 81
said Board Of Water Commissioners
TO pay to tho city the amount of intef-
est due on water bonds in each year,
such payments 10 be made OF least ten
days before said interest Is payable TO
the holders Of any water loan bonds:
therefore be it
Resolved BY the Council Of Whining
ton, section 1 That the Board Of.
Water Commissioners be forthwith
notified 10 provide and care FOR the
payment OF the bonds ana interest fail
ing due as set forth in the scramble 70
this resolution. Section ,: That said
notice be given for forwarding to the
said Board of Water Commissioners a
copy Of this resolution.
Mr. White called attention TO the act
which says that the Water Department
shall raise enough revenue to meet
bonds due and interest aud running OK
penses Of tho department. He wanted
20 know IL interest and bonds were not
TO be consdered as running exper2es
OF the department
Democratic Objection.
Mr. McCaHeriy. Of tho. Tenth warl,.
replied to Mr.. White by saying that
the water bonds with one exception had
always been issued by "A resolution of
the Mayor and Council OF Wilmington.
This exception he cited was the bond
issue Of 100000 authorized by the last
Legislature for water improvements.
and no said that the Water Department
must meet the honds and Interest OF
this loan when due by paymg IN
terest and bonds of former years. he
said. would create considerable con-
fusion.
Time to Settle Question.
Mr.. White said st was time to setile
tho question aud he presented tho
resolution FOR that object.
Mr.. Mcciovcrn, at this stage, moved
to lay tho matter over for one week.
and his motion WITS seconded by air.
lynch.
This motion was lost and Mr.. Me-
Caffcrty then moved TO cut out tho
preamble ~ Mr. Whites resolution.
which ordered the Water Department
to pay bonds and interest duo next
year, and 10 amend by simply notifying
tho Water Commissioners Of the lioccs-
sity TO meet tho prescribed debts when
due.
This motion was also lost, and Mr.
Whites resolution was then adopted.
nan man ncNcInNc TIC urN