CanÌƒon City record. [volume] (CanÌƒon City, Colo.) 1883-192?, 1907-02-28

tD.J FROM the last SAID point
pipe line of sufficient size and strength
to carry ten. 10) cubic feet of water
per second of time, along the most
feasible route, for the purpose of car
rying said water to the corporate linn
its of Canon City on East Main street.
and shall be laid to depth of four
(4) feet and properly covered and pro-
tected The undersigned or their as
signs shall provide. at their own ex-
pense. the right of way for said pipe
line: but in case any condemnation
suits are necessary, they shall be in
stituted and prosecuted in the name
OF the city.
tc) settling reservoir shall be
constructed at a proper point on said
water line with a capacity of not less
than ten million Go.0o0.o00) gallons of
water.
td) Before work shall be COM
menced on said water system full
plans and specifications therefor shall
be furnished the city. and upon the
completion of said work the same
shall be delivered to said city, 10 be
held and owned by II.
tel The aforesaid pipe line shall
be maintained by the undersigned or
years after the completion of the said
water system. at their own expense.
3. In consideration of the convey
ance OF said water rights. and the con-
struction of said works. the city of
Canon City in full payment therefor.
shall issue. or cause to be issued. its
bonds In the sum of Four Hundred
Thousand Dollars lsi00, ,0O0. .O00) to
run for a period OF fifteen l5l years.
and to bear interest at the rate OF FIVE
t5i per cent per annum, payable semi
annually: which said bonds shall be
delivered TO the undersigned or their
assigns. as follows:
As soon as firm and binding con-
tract shall be made for the sale of said
water rights and the construction OF
said works. 100000 par value of said
bonds shall he delivered to the under
signed or their assigns. An additional
! 100000 par value of said bonds shall
he deliyerd To the undersigned or their
assigns when the pine necessary for
I said work is on the ground, and the
remaining siuo.0co par value shall be
/ delivered when the undersigned. or
1 their arsigns.- ehall have fully per-
( formed their contract
/ Provided. that no part of said bonds
shall be so delivered until the under
signed or their assigns. shall have
Z furnished good and sufficient bond
in the sum of Two Hundred and Fifty
| Thousand Dollars ts25o.000.000) con-
ditioned upon the faithful performance
/ OF said contract. The undersigned, or
! their assigns, shall have the right to
\ have any or all of said bonds delivered
to them at any time by depositing
| with the city a sum equal to the face
of the bonds which they desire to with
draw, and in that event future pay
| ments on the said water system shall
| be made in cash and not in bonds.
4. The surveying of the said system
shall be commenced within thirty tS0)
| days from and after the signing of the
contract with the city for the con-
struction of the said system. and such
surveying. and the work of construct
| ing the said system, shall thereafter
| be prosecuted with all due diligence
until the same Is completed.
This proposition is made that the
| City Council may submit the same to
the voters of Canon City under the
/ terms of the ordinance heretofore
passed with relation to the construc-
| tion of water system. If they so de-
! sire. II Is understood that the city
/
| shall only he bound when a firm con-
4 tract Is made for the construction of
said water system in which all speci-
| fcations and details shall be included; ;
and In making such contract, such
notifications of the terms herein set
| forth may be made as shall be agreed
upon between the City Council and
the undersigned, or their assigns. If
the City Council shall refuse to sub
nit this proposition to the voters of
Canon City at the election to be held
on April End. 1907: or having submit
ted II n contract for the construction of
the system shall not be entered into by
| April Goth. 1907, then this proposal
! shall he considered as withdrawn.
Respectfully submitted
Signed;
Jesse Waters.
c. c. Hamlin.
j q. Macdonald.