The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1913-06-17
CITY SAVES $1,000
YEARLY IN INTEREST
Ordinance Now Permits Sink
ing Fund Money to
Be Invested.

The city controller was authorized
last night by an ordinance passed
unanimously in council and effective
July /, to take advantage of the law
which permits the sinking fund money
TO be invested in city or other bonds.
Action on another ordinance for the
issuance of bonds to raise $4,000 to
pay off enormously issued bonds was
postponed indefinitely.
An ordinance regulating traffic at
eighth and Main streets was brought
before council on first reading.
Save $1,000 Annually.
1t is estimated that by buying city
bonds with money in the sinking fund
the city will save in interest more
than $1,000 annually. The first bonds
which will be purchased under the
new ordinance are those which were
issued in the years of 1903 and 1905
as improvement bonds, and caused a
shortage in the general fund of $685.
600. These bonds will be taken up
July l, and although they will not be
cancelled, the interest on them will be
paid into the sinking fund until enough
money is available to buy them back
from the sinking fund.
Street Car Bill.
In order to compel the street car
companies to place doors in the rear
of street cars on the right side and to
regulate the operation OF cars in the
city, bill for an ordinance was in
troduced into council and met with
the approval of the body.
The bill contains eight sections The
following is a brief outline of the
bill:
Not more than four street cars shall
stand at one time within IT'S feet
of Eighth and Main streets; city
street cars must be so arranged that
passengers can enter or leave by a
door near the rear of the car on the
right side; the direction in which
car is operated shall not be changed
within a distance of IT'S feet of
Eighth and Main streets; motormen
in charge of street'cars must not leave
the cars, but must stay at their posts
continually until relieved by another
motorman; conductors must stay with |
in ten feet of cars of which they have
charge, and for no pretext shall they |
be more than ten feet away from the |
car unless they have been relieved by |
another conductor; any person, firm |
or corporation on violation of Sections |
! or 2 of this ordinance shall be fined |
1926 for the first offense, and 800 for I
each offense thereafter; any person, |
firm or corporation violating the pro-
visions of Sections 3, or 5 of this
ordinance SHALL, on conviction, be fined |
70 hn OF foT
ten days. This ordinance shall be eff
fective on passage.
Another bill for an ordinance regu-
Iating traffic at Eighth and Main
streets was introduced. The provi-
sions of this bill would make it unlaw-
full to allow any vehicle of any descrip-
ton to stand within ITS feet of Eighth |
and Main streets for longer time
than necessary to leave or enter the
vehicle or to load or unload -lerchan-
disc The fine for violations was
placed at SIS and the bill was amended |
so that there will be no prosecution
on the first offense.
"Honk" Ordinance Abrogated.
To save Fire Chief Miller from ar
rest on account of a horn which he
uses on the fire department automo-
bile the "honk honk" ordinance was |
repealed. 1t was formerly unlawful to |
use as warning on an automobile or |
other motor propelled vehicle anything |
other than a bell less than five inches !
in diameter, or a reed horn, operated |
with a rubber hand bulb. Because
patrolmen threatened to arrest Chief |
Miller, this ordinance was repealed, |
barring no kind of automobile signal |
or warning
May Brick Twelfth Street Hill.
y Wilfred Jessnp presented to coun-
Gil bill for an ordinance for the |
bricking of the North Twelfth street |
hill from ~traet to the city limits.
1t is proposed to brick this street, and |
possibly North J street from Twelfth |
to Tenth street, in conjunction with |
the three-mile road law, bricking the
Middleboro pike, which is a continual
ton of Twelfth street, an equal dis
lance outside the, city limits
There is much heavy traffic on this
road and the hill on Twelfth street |
has been more expensive to the city |
than any other road or street. This |
improvement can be made at very
low cost to the city. Several coun-
cilmen, however, are opposed to TAX
ing advantage of the three-mile road |
law in the city. The matter will be |
taken up at an adjourned meeting next
Monday night.
Favor Park Amusements.
The proposition of placing a merry
go-round in Glen Miller park met with