Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-04-20
COUNCIL PLANS TO COMPLETE
SYSTEM BY ISSUANCE OF
CERTIFICATES.
ANNUAL LEVY HELD UP
TO INVESTIGATE PLAN.
Idea on How to Accomplish Desired
End Same as Held by Former Chair.
man Devine, Of Committee, and Out
lined to Council Year Aso-Would
Take $4,000.

The ways and means committee Of
the city council did not make its an
nual report on the levy for next year
at the adjourned meeting Monday
night, and adjournment was taken for
another week, at which time the levy
will likely be arranged.
The principal thing that is bother
ing the committee is just how to solve
the problem of completed sewer
system, which is almost imperative in
view of the paving that the council
intends to do.
Last year there was made only a
levy of mill in the sewer fund. This
yield of about $500 only little more
than covers the actual expense Of
maintenance of the present system,
estimated annually at $1,000, provid-
ing there are no emergency expendi-
lures, for breaks and the like. This
leaves only about $500 available in the
fund, or not drop in the bucket in
View of the amount that will be re-
quired should the system be COM
pleted.
Plan Future Levy.
The plan that is being discussed, and
which appears to be the view of the
correct solution as taken by the coun-
ell. is the same plan as outlined a
year ago by DIR. w. s. Devine. then
chairman of the ways and means COM
mittee, whereby the state law permit
ting the levying at one time, for a
period not 10 exceed ten years, could
be taken advantage of, and have this
large sum available at one time, in
stead of in dribbles of mills every
year. In this way the city could have
funds in the sum of about s36, 900, and
with this money the sewer system
could be completed. 1t is believed that
the work would cost, roughly esti-
mated, som ewhere around $4,000. The
rest of the fund could be used to take
up the certificates that would be issued
for the work, pay the interest, and
maintain the system. This sort of a
increasing the city's bonded indebted
ness.
New Law May Cut Figure.
A new Iowa law, which may be IT
effect now, or may not be until July
I 4, relative to sewer construction. is to
be investigated by the city solicitor
and the provisions of this law may af-
fleet the situation. 1t is the under
standing that the new law permits a
5-mill levy for sewers, and if such is
! the case the levy could be made for q
| shorter period of years, with the same
result as the ten-year as Devine pro-
posed.
To Refund City Warrants.
Another question that the ways an6
means committee is considering is ths
.refundng Of all outstanding warrants
now bearing s per cent and Chairman
Hull moved that the mayor take tht
necessary action to secure bids on the
refund 1t is believed that the warrant!
can be refunded at Az per cent fo
about twenty years In the sewer funt
at the present time there are out:
standing warrants In the sum of 81
793.07. and accrued interest amountins
to s1,235.77.
/ The council will meet as commit
tee Of the whole. next Monday after
noon at O'clock at which time tn
report of the ways and means commit
tee on the levy, and other importan
matters, will be taken up Informally
and put in shape for action at the ad
journed meeting that night.