Cañon City record., 1911-02-23
REFUNOING ORDINANCE
PASSED ON FIRST READING

At the regular meeting of the city
council Monday night an ordinance
authorizing the refunding of 100000
of water bonds from a six to five
per cent basis was passed on first
reading and ordered published as re-
Quired by law. These bonds were sold
March 16, 1896 for the purchase of the
old waterworks plant and have fif-
teen years longer to run under the
terms of their issue They have been
disposed of at their face value at the
refunded rate of interest, less the ex-
pense necessary to their transfer, to
Sweet G. Company of Denver The
bonds are fifteen-thirties and will ma
ture in 1926, necessitating the crea-
ton of sinking fund for their REDEEM
ption at the end of fifteen years.
In accordance with the require
ments of the election ordinance res
olution was introduced and unani-
mously adopted by the council pro-
viding for the annual municipal cleo
ton to be held Tuesday. April 4. The
resolution fixed the voting places as
follows: First ward, city hall, 331
Macon avenue; Second ward, the
Shaeffer building, 112 South Fifth
street; Third ward, the Harrison hose
house, Ill North Tenth street; Fourth
ward, 532 Pine street. The judges of
election as named in the resolution
will be: First ward, A H. Davis, d.
N. Garrett and Jas. G. Blake; Second
ward, Capt H. NJ. Mingay, John R.
Kennedy and Chas. Swanson; Third
ward, Chas. H. Duncan, Clark Cooper
and Chas. C. Shirley; Fourth ward, C.
e Rowcliffe, H. D. McIlvaney and ].
o. Stearns.
In addition to the selection of a
mayor and councilmen the question
of the sale of the water bonds pre-
viously alluded to will be voted upon
at the forthcoming election.
A lengthy communication addressed
to the secretary Of the Canon City
Business Mems association by the
Rocky Mountain Underwriters associ-
alton was read to the council by the
city clerk, but no action was taken
in relation to it beyond referring it
to the ordinance committee for con-
sideration. Suggestions were made
how the insurance rates might be re-
duced in the business and residential
sections of the town, but the problems
involved in carrying them into execu-
ton are such as to require a large
expenditure of thought and cash on
the part of the council. Larger and
more adequate water mains in several
of the principal streets. an increased
number of fire plugs and better sys-
tenn of electric wiring were among the
things recommended as prerequisites
for lower insurance premiums on both
commercial and residence property.
Geo. r. Cassidy, chief of the fire de-
partment, addressed the council al
considerable length upon the matter
of the purchase of an automobile
truck for the use of the department
urging the new equipment on the
ground of its greater economy. as
wen dS ITO ihNi SAiNAthig= VA
Cassidy related the result OF his in
vestigations at Colorado Springs
where automobile trucks are in use
and expressed the belief that a COM
mittee from the council should visit
that city and inquire into their eff
cheney and economy. Mr.. Cassidy
was thanked for his address and as
sured that the fire committee had
been investigating the auto truck
proposition for some time and would
vestigations in the course of the next
few weeks.
The members of the lighting com.
mittee stated that they had completed
their correspondence with the author
tiles in other cities of the state in re-
lation TO the amount paid by them fof
electric lighting of the streets, as well
as the charges made to private citi-
zens for incandescent lighting in their
homes, and would file detailed re-
port before the expiration of the life
of the present council. No intimation
was given whether other towns of
corresponding size enjoyed cheaper
light schedule or not. A letter ad-
dressed to the mayor by Congressman
Edward T. Taylor in relation to the
ceding by congress Temple canon
and a considerable tract of the sur
rounding territory to Canon City for
park purposes was read by the city
clerk and was ordered filed for fu-
tura reference