Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1908-03-24
Wins the Race For Night
Watch In a Walk.
Bond Issue Aggregating $751;
600 Passed by City Fathers.
Building Inspector Reed Reports
Condition Of School Houses.

a dark horse Won the race for night
watch in a walk Monday night at the
special meeting of the Gardiner city
government to the great surprise of
many, who supposed they were keep
ing pretty close tabs on the local po-
litical situation. That dark horse was
Walter X. Wakefield and he received
4 votes to 2 for John L. Kendall, the
only other candidate ballotted for by
the board of aldermen.
The only two other matters of i'm
pOrtance which came up at the spe-
cial meeting were the presentation of
the report of Building Inspector New
ell \. Reed upon the condition of the
fire escapes, doors and furnaces of the
pGblc school buildings of the city and
the passage of an order authorizing a
bond issue of $4,000, covering the
$50, 900 of the temporary notes against
the city, drawing interest, $51, 900 at
per cent and $4,000 at 4 per cent. and
the $4,000 of City of Gardiner bonds,
due April 16, 1908.
Mayor Atkins explained the matter
in detail to the members of both
boards in joint convention and Il num-
posed bond issue We're asked by the
aldermen and councilmen.
In board of aldermen the following
order was introduced by Alderman
Tldridee. covering the matter of the
bond issue and passed in concurrence:
In Board of Aldermen. March % 1908,
Ordered the Common Council con-
curing:
That the city Of Gardiner issue
bonds aggregating the sum Of sew
enty-six thousand dollars ($16,G0O said
bonds to be dated April 1G, 1908. and
run twenty-five go years from their
| date, bearing interest at the rate Of
| four tD per cent per annum, payable
semi-annually on the 10Th day of Oc-
| tober and April of each year; and that
| the mayor ana the city treasurer be
ard they are hereby authorized and
directed 10 execute said bonds on be-
| half of the city the coupons. if cou-
pOnS attached are issued, to be signed
| only by the city treaSurer) and that
| tie mayor, city treasurer, and a COM
| mittee representing both branches of
| the city council, composed of one al
| dcrman and two councilmen, be au-
| thorized to negotiate. sell and deliver
| said bonds to the highest responsible
| bidder, but in no case at less than
| par
| Said bonds may be registered of cou
| pom bonds as the mayor, city treasurer
| and committee may determine, and if
coupons bonds, the coupons may bear
I an engraved fac Smile of the sigma
| ture of the city treasurer, binding said
| nf q thnnoh Zach
| pom had been signed by the city treas
/ urer.
| Said bonds shall be in such denomin-
alton as the mayor. city treasurer and
| committee shall determine.
| The proceeds from the sale Of said
bonds shall be used to pay twenty
thousand dollars C$20,O0O) city of Gar
diner bonds which are due and payable
| April IT, 1908. and fifty-six thousand
| dollars ($56,0O0) of city of Gardiner
notes on demand; fifty-one thousand
| dollars ($51,O OO of which are held by
the Gardiner Savings Institution and
| five thousand dollars (s500O Of which
are in the names of J. w. Lash and A.
| H. Potter trustees.
| All premiums received from the sale
of said bonds shall be placed in the
sinking fund hereafter mentioned and
| described.
| And be it further ordered the Com
mon Council concurrng:
That a sinking fund be provided by
| annual appropriation from each city
| council or by funds transferred to it
from each city council of an annual
sum Of not less than three thousand
dollars ($30G0) for the purpose of pay
ing the foregoing issue of bonds when
they shall become due and other bonds
at this date outstanding against the
city of Gardiner Said sinking fund
shall he used for no other purpose
whatever than the payment of the is
sro Of bonds hereinbefore described
a"l bonds for which the city Of Car
diner is at this date liable.
T. "rid sinking fund shall cOntin-
ne i, 81 3cc for the period OF
tvs. .tv-hvc (25) years or until the
bond issue herein mentioned and al
other bonds ut this date outstanding
against the city of Gardiner shall have
been paid and cancelled,
| That said sinking fund shall be de
posted by the city treasurer in the
Gardiner Savings Institution provided
the full and going rate of interest shall