Cañon City record., 1907-08-15

A regularly adjourned meeting OF
the city council was held Friday night
for the purpose of taking up the water
question and such other affairs as
seemed to require its attention. On
motion 1t was voted to go into execu-
tive session in order that there might
be a free and unhampered discussion
OF the matters to be considered.
After an exhaustive debate, during
which the various phases Of the water
question were gone into, the bond or
dinance was called up and the clerk
instructed to read 1t. Subsequently 1t
was moved by Alderman Hiatt, and
seconded by Alderman Boyle, that the
ordinance be accepted and ordered
published for the first time as read.
On the roll call being ordered by the
mayor those voting aye were: Alder
men e. G. Hiatt, C. A Linkins, G. w.
Orme, G. C. Lamb, and L. P. Boyle.
Those voting nay we're: Aldermen
c. E. Reeves and D. N. Garrett
Following the vote adopting the Or
dinance the following resolution was
passed:
Resolved, That upon completing
specifications and plans for the Cot
tonwood Creek water proposition, such
proposition will not be consummated
by the City Council OF Canon City un-
til the same shall have been submit
>ted to the qualified, tax-paying elect
ors OF this city for their approval"
The bond ordinance Is a carefully
drawn instrument and provides among
other things for the submission to the
- al NJ tha NF
City. who are taxpayers under the
law, the question. shall the City Of
Canon City construct an additional
system OF waterworks for fire. domes-
tic and irrigation purposes, and ac-
Quire the necessary water rights there
for, at a cost not to exceed $4O0. 900
and pay therefor by an Issue OF the
bonds OF said city not to exceed the
said sum: such bonds TO run for q per-
iod OF fifteen years and bear interest
from date at the rate OF five per cent
per annum, payable semi-annually."
Under the terms of the ordinance
tax shall be levied to meet the pay
ments upon the bonds as follows:
From 1908 to 1911 inclusive. the tax
must be su6icient to produce $4,000
each year for interest. From 1912 to
1916 inclusive. the tax must be suf
ncient to produce &3s. 900 year. Of
which $4,000 must be set aside for
interest and $4,000 paid on the prin-
cipal. From 1917 to 1891 inclusive, the
tax mus. be sufIlcient to provide $751;
600 year, OF which $4,000 Is for in
terest and $4,000 for principal.
The adoption Of a bond ordinance
is an essential preliminary for the
reason that II would be impossible to
get a bid on the proposition from re-
putabie contractors until 1t had been
for II alone is able TO give the
enterprise the stamp OF authority.
The council Is giving the matter ex-
haustive study with view Of being
able to present to the tax payers a
definite. concrete proposition to
vote upon when the question Ia sub
mitted to them for determination. The
council must know beyond any shad-
ow Of a doubt whether the proposed
system OF waterworks can be installed
for S40O. 900 or not, otherwise II would
be foolish to submit the matter to a
vote. II no bids can be had to do the
work for 100000 or less Cottonwood
Creek cannot be considered as
source OF Canon Clty's water supply.
as the sum OF money named Is the
maximum which the council is author
lied to spend for that purpose.