The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-06-15
CITY Election. Must Be Held,
According to Law, Follow
ing Action Taken by Coun-
Gil on Question.
COMPANIES TO FILE
BONDS, JULY THIRD
Each Bidding Corporation to
Place $4,000 Bond to
Guarantee Acceptance of
the Contract.

hS III 81 AAoNC oli tuC PdiS Va thO
city in the water works situation was
made this morning, when the board
of works fixed $4,000 as the sum of
the bond, to be put up on or before
July 3, by each bidding company to
guarantee carrying out the contract
If it's bid is successful. Both H. A.
Dill, representing the Richmond City
Water Works company, and Attorney
A. c. Lindemuth, E. NJ. Campfield's 8
counsel agreed to the bond
and to the time of its being
filed. Each stated his company would
give the bond named by the city.
Although July is set as the date
for the bonds being filed, if for any
satisfactory reason, either of the com.
panies is unable to furnish bond on
that date a short extension of time
will be given. Attorney Lindemuth
said Mr.. Campfield's bond would be
from a surety company, and although
it might be possible to get it in five
days, there is possibility of a delay.
He asked for 20 days in which to file
the bond.
Lindemuth Protests.
1T is not right that any bidding
company should be shut out from the
possibility of receiving the contract by
fixing a prohibitive date for filing OF
bonds,'' declared Mr.. Lindemuth. I'll
would be wrong to both company and
city. the city probably losing better
contract than 1t otherwise would re-
ceixA."" ,---.---.s.--.---=--~a-.----ss
These bonds are only to assure the
city of the good faith of the bidding
parties.
When the contract is finally let q
large bond will be filed by the sue
cessful bidder. Campfield's proposal
fixes this bond at 100000. and ac
cording to members of the board o1
| works it will be at least that amount
Mayor Zimmerman, it is thought fav
ors a much higher bond. AS a pre-
| liminary bond, he suggested $4,000
| but readily agreed to Mr.. Gardner's
recommendation.
After the board of works accepts one
of the proposals it will be sent tc
council for passage as an ordinance
When council approves the ordinance
it will be submitted to vote of the
people, according to Aattorneys JessuI
and Lindemuth.
An Election Provided.
The law provides that in purchasing
! any public service corporation, sucf
as a railway, or light, water or gas
plant, the matter must be voted or
by the people. Attorney Lindemutf
said Thursday morning, that any con
tract entered into by the city for the
ultimate purchase of the plant, wa.
| the same as a contract for the i'm
mediate purchase.
The city attorney was ordered a
Thursdays meeting to draw up form
/, for the bond. 1t must be subject tt
the approval Of the board of works be
fore accepted.
The consideration of the bids of the
Richmond City Water Works com
pany and OF E. NJ. Campfieid Co., viii
not be considered next week, as frs
intended, for during that time the In
diana Municipal League holds meet
ing at Charlottesville, opening Tues
| day, and a number of the local of
ficials will attend that meeting. Prob
ably the following week the board ant
council will begin to hold meeting.
ON the water works proposition.
There was some objection by At
torney Lindemuth over the report tha
the board of works will require {
great amount of time to cinsider thu
water works proposition. He said tina
no extra delay was necessary. Mayor
Zimmerman made a redeclaration o
his statement that the board wouit
take its time and that the Forthcoming
water works franchise will be for th,
good of the people"