Connecticut western news., 1907-05-23
CANAAN SEWER PLANT
THE BILL AWAITS SIGNATURE

S2O,OOOO Bonds at Five Per Cent
 May Recall Them and Issue at
 Lower Rate.
 There is now every indication that the long contem plated sewerage system for Canaan will be reality before Jack Frost again gets in his work.
 The proposition has been one of many in the legislative grist mill for several weeks.
 The largest property owners ill Canaan all welcome the probability of the es- tablishment of this system and the senti- ment in it's favor is nearly unanimous. To be sure there is some slight opposition and this was to be expected. There never was proposition of this sort ad- vocated anywhere that did not meet with some disapproval although those who opposed often became most ardent supporters afterward. And it is hoped such will be the result in this instance inasmuch as we can view a sewerage than that of an absolute necessity.
 The resolution passed the House week before last and reached the Senate last Wednesday where an amendment was made, correcting clerical error, which made it necessary to return it to the House, then to be engrossed and then to the governor. That the governors signature will be affixed to the bill and the bill made law within week there is little doubt.
 The next move of the Canaan fire dis trict will be to authorize the issue of such an amount of bonds as may be es- timated as necessary to carry out the contemplated construction. These bonds will then be placed on the market and as soon as subscribed for, contract. for the construction of the sewer will be made.
 The bonds as authorized by the act can be issued at not to exceed five per cent interest and, if issued at five per cent, may, at the option of the district, ooo4,;,, o o1o,,o or+l, or;1;p,, +ba d;ctr;ot to call in the bonds at any time within three years after their date a. par and accrued interest. Aasass
 The reason of raising the rate to five per cent is because of the difficulty in financing propositions at present and it is considered that any disadvantage which the district may suffer from the higher rate of interest would be offset by the privilege of calling in the bonds, if they should be issued at five per cent, and re- issuing the same at some lower rate of interest when financial matters become more settled.
 The bonds will be for 5000 each and the district has the privilege of issuing not to exceed $20, ,O0O and they can only be issued as authorized by vote of the district at meeting of the voters there Ill called for that purpose.
 The plan now is, as was outlined in these columns some time ago, to go ahead with the work as soon as possible and supply the central part of the viii lage with means Of sewage disposal and then gradually extend the pipes to other sections as necessity demands or as con- ditions will permit
 Mr. Ferry the New Haven engineer who inspected the territory some time ago, states that before work is com menced he would like the opportunity to go over the ground and inspect the various opportunities for sewage dis posal with an idea of settling on some method that will save the district very substantial amount in the cost of con- struction