The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1910-08-27
ARE ALL TO BE RETIRED INSIDE or
10 YEARS AND DRAW 5 PER CENT
ASSESSMENT CAUSES DEADLOCK
Council Wrangled for Several Hours Over
the Special Roll Before an Agreement
Vas Arrived al.

The city council did lot OF business
at lie meeting last Monday night and
tho members went away satisfied that
one rocky part of the path they will
have 70 travel this fall was passed In
safety.
The early portion of the meeting
was entirely barren OF results owingsto
~ deadlock that ensued because OF the
difference OF views on the special as
seesment roll. There were but few
lots involved but those few were suffici-
ent TO tie mp the council for three
hours.
II seems that there ~ q provision in
the law by which no special assessment
can be more than % per cent OF the
assessed valuation of the property at
the last general assessment. The lots
owned byN. II. Moriarty. g. T. Rob
erts, George OCallahan and the Wehse
estate have their long sides against
the street that Is being paved and an
assessment per front foot would compel
them to pay several times as much as
the lots whose ends are along the
street. After arriving at the per foot
assessment IL was found that in the
case OF the Moriarty and o Callaghan
lots the assessments would over run
the 25-per cent clause. The highest
that could be assessed against the Nor
iarty lot was $3.50 while the Roberts
property across the street footed up
close to $3.50. The council split even
on the question and the mayor had no
votes, so there they stood Coming
down to the City hospital and the
Parks lots across the street it was
found that the board had deducted O.
feet from each lot because those lots.are
shorter than the others so that while
the Lockwood paid on the regular scale
- f2. 50 per foot these lots paid but
bat g.. OF per foot A'motion to as
sess those lots at S2.ss was lost on
tie vote.
Several times motion TO adjourn
was made and each time IL was loet
Finally there was some concessions on
all sides. The Roberts lots were re.
duced to about <225 and the Wehse and
O'Callagnan lots proportionally and
the hospital and Parks lots left as they
were on the roll. which was adopted
by a unanimous vote. The decks were
thus cleared for action after II 90
o'clock and the way the council did
business tfen was.a caution.
The sale Of the bonds was brought
mp IL was decided to make the limit
i0-years and to pay them OIL In install
ments as follows.
Two thousand dollars to become due
in the year 1918.
Three thousand dollars to become
dpe in the year 1914.
Three thousand dollars to become
due in the year 1916.
Three thousand dollars to become
due in the year 1918.
Three thousand dollars TO become
due In the year 1919
Two thousand dollars to become due
In the year 1920.
Two thousand dollars TO become due
In the year 1921.
Mr. Corcoran was called in and asked
II ne would take the bonds and what
A<ice the bank would pay Mr. Cor
Sran replied that the bank wonld take
the bonds at par and the city could
have the money Sept 1. The deal was
closed Immediately and the council
considers that IL had got good deal
as the expense incurred in hawking
the bonds about would eat mp any
premium received. Bond buyers don {
like to take bonds maturing as this is
sue will snd the rates .are therefore
high upon them.