The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1910-06-30
Council Directs Water Com
missiontoP royidefor Imme-
diate Retirement of Bonds
ALDERMAN PIRSCH WINS
Council by a Vote of Thirteen to Four
Decides That Bonds Shall be Paid
Intake Plans to be Abandoned by
Commission.

Alderman Peter Pirsch has won his
two years fight to secure the retire
ment of the bonds of the Kenosha, Wat
er Company for at the meeting of the
common council on Monday night a
resolution was passed directing the
Loan and Trust Com
pany custodian for the Water Company
to call in the bonds of the company
now outstanding and pay them at the
next interest bearing period. No pro-
vision is to be made to issue new
bonds but nearly all Of the money held
for improvements and extensions in the
sinking fund of the Water Company
is to be used to iquidate the indebted
ness of the company. The outstanding
bonds of the company amount to $72,-
900 and at the present time the Water
Commission has in sinking fund
little over $4,000. A portion of this
money is in an open account while the
remainder has been set aside by the
commission as building fund. From
this fund it was planned to build the
new intake to provide more and better
water for the city and the action Of
the council will probably put quietus
on all plans for the building of the in
take. 1t is possible that sforn Of their
fund to work with the members of the
Board of Water Commissioners will de-
eide that they can render no further
services to the city and resign from
the board, but they have made no de-
cision along this line. 1t is possible
that the carrying out of the resolution
of the council will be met with legal
objections but this is very improb-
able and it is thought that the council
will be permitted to go ahead and re-
tire the bonds Of the company and
make such provisions as it may see fit
for the financial support of the water
department in the future. The resolu-
ton authorizing the discharge Of the
bonds was passed by vote of thirteen
to four. Aldermen Hegeman, Marlatt
and 0 'Brien who had opposed the plan
on the ground that under the existing
plan the water works could be paid for
without interfering with it's growth,
voted against the resolution as did AL
derman James F'ilben. of the Fourth
ward. Aldermen Pirsch, Timme, fully,
Higley, Harbaugh, Burt, George Wade,
Stemm, Werner, Willens, Saftig, John
Wade all voted for the resolution and
Mayor Scholey voted in favor of it
to insure for it the proper number Of
votes. Before presenting the reso-
luton Alderman Pirsch spoke at
length declaring that it was his in
tention to have the money which the
city pays for hydrant rentals
set aside to be used for the building Of
bridges and sewers. The council,
however would not be able to regulate
the appropriations of future bodies and
the retirement of the bonds will simply
mean that the Water Company will be
of it's entire sinking fund
and that all improvements in the fu-
ture must wait until the company can
secure another sinking fund from the
water rents or increase the charges for
service to an extent which will bring
to meet immediate demands for
The resolution as passed
by the council IS as follows:
To the Hon. Mayor and Common Coun-
Gil of the City Of Kenosha:
Whereas it appears that the City
Water Works has in it's treasury
sum of money practically equal to the
bonded Indebtedness, approximately
81, 900, and
Whereas the same bonds have been
due and payable for the past five years
and
Whereas for the said past five years
The city of Kenosha has been forced
TO pay pproximateIy $4,000 per year
as interest and in redeeming said bonds
under the form of hydrant rentals
charged to the city of Kenosha, and
Whereas it is deemed advisable to
,all in, pay off and discharge said
ponds:
Therefore be it Resolved that the
5ity Clerk of the City of Kenosha no
5ify the Northwestern Loan and Trust
Company, the Trustee of said bonds,
% call in, pay and discharge all out
standing bonds of the said Kenosha
7ity Water Works before the next
interest bearing period.
The Somers Greys defeated the |