The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-02-26
.,,,I Action Taken In Regard to
RIqh. to Purehase Property Of
Keokuk Water Works
Company.
FAVOR A NEW SYSTEM
INV Council VIII Submit Municipal
ownership Of Plant to Build at
Cost Of Not to Exceed
$4,000.

Surrender Of the option to purchase
NE property OF the keokuk Water
Works Company was made In form
4 manner today In resolution pass
ed by the city council.
In the same resolution the mayor
was authorized to submit the follow
IND question to the voters Of keokuk
al the election on March %:
"shall the City Of keokuk erect It's
own water works plant, at cost not
to exceed $26o,ooo, and issue bonds
therefore?D
The Gate City's story Sunday morn
Ing, giving in detail the manner in
which municipal ownership Of the
local water works plant was knocked
galley-west, was borne out by official
action Of the city council today. The
most important thing done was the
passing of the resolution in which the
city gives up its right Of purchase of
the present worn out old system. The
resolution follows:
Whereas, pursuant to Resolution
No. 213, OF 1911, five appraisers APP
pointed to appraise the property of
the Keokuk Water Works company
met on Monday, February 10. 1912,
and held session during the week, and
have filed with the city council min.
utes of their meetings, a letter of
resignation signed by Messrs Sethman
and Prince, representing the city on
the board, setting forth their reasons
for resigning; a letter from Mr.. Hol-
man, chairman of the board OF ap-
praisers, asking that the city appoint
two other engineers, ETC.; also another
letter from Messrs. Sethman and
Prince to the city council, setting out
more fully their reasons for resigning,
and stating that in their opinion it
was impossible to reach an appraise-
ment which, in their judgment, would
besa reasonable and equitable value
Of the property of the Water Works
company, therefore
Be 1t resolved. by the city. council
Of the city of Keokuk:
That the various letters and reports
made by the board c. appraisers, and
engineers representing the city, be and
they are hereby, accepted, approved
and fled
Be it further resolved, that the opt
ion given the city to purchase the
property of the Keokuk Water Works
company under Or, nance No. Sc, at
this time, is hereby surrendered and
cancelled.
Be it further resolved, that the
mayor be, and he is hereby, author
lied to transmit certified copy of this
resolution to the Keokuk Water Works
company and to Mr.. NJ. L. Holman,
chairman of the board of appraisers.
BE it further resolved, that the
mayor is hereby authorized to submit
to the electors of the city of Keokuk,
al the coming general election, the fol
lowing proposition:
Shall the city of keokuk erect its
own water works plant, at a cost not
TO exceed 100000, and issue bonds
therefore,.
Formal Report Of City Appraisers.
The city commission today made
public the formal report of the two re.
signed appraisers, Messrs. Sethman
and Prince. 1t is identical in facts to
The Gate City's story Sunday morning
in that particular. In the report the
appraisers say:
THE undersigned, after a careful,
examination as to the character and
condition OF the property OF the Keo
kuk Water Works company, as listed
in the inventory submitted by thai
company, offer the following estimate