The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1915-04-21

bonded Indebtedness after next Octo-
Der would be 1886. 900, leaving the city
only $4,000 shy of its bond indebted
ness limit
Expect Value Increase.
City officials, however. are antici.
pating that the total taxable valuation
of the city will be increased at least
five per cent by the assessments be.
ing made this year. which would in.
crease the bond Indebtedness suffi-
ciently to permit the floating of both
the municipal plant and the perma-
nent street and sewer improvement
bond issues.
The title OF the condemnation pro.
ceedings filed with the state commits
sion today by City Attorney Bond is:
The city of Richmond. Indiana. peti-
toner, versus the Richmond Light.
Heat and Power company and the
New York Trust company of New
York. and Demas Deming of Terre
Haute, Indiana, trustees"
After reciting the history OF the two
local plants and the action of the
Richmond city council last Monday
night in passing a resolution instruct
ing the board of public works to be-
gin condemnation proceedings for the
purchase Of the electric pant of the
Light, Heat and Power company. the
brief continues:
Give Adequate Service.
THAT said petitioner by the ac-
QUESTION Of such property of the
Richmond Light, Heat and Power
company will be able to serve at a
reasonable rate all the electric cur
rent used within the city and the
vicinity thereof, both for light and
power
THAT the present electric plant Of
the city of Richmond is in a high
state of efficiency and it is for the
best interests of the city and its in
habitants and those living in the vi.
cinity thereof that this petitioner
shall acquire said property of the
Richmond Light, Heat and Power
company.
That on or about February 2s.
1914, the Light, Heat and Power COM
pany made, executed and delivered to
its said correspondents. the New York
Trust company of New York, and
Demas Deming of Terre Haute, Ind,
trustees. its certain mortgage where
by the property herein sought to be
acquired by this petition. together
with other property belonging to the
Richmond Light, Heat and Power
company, vas and is encumbered, and
which mortgage was duly recorded in
the office of the recorder of Wayne
county. Ind, and that said respond
ents, the New York Trust company
of New York and Demas Deming Of
Terre Haute, Ind. trustees. are made
parties hereto and required to answer
as to their rights and interests in the
property herein sought to be acquired
by this petitioner.
Asks for Hearing.
"Wherefore the City of Richmond
prays that the commission proceed,
and by law provided. to set a time
and place for a public hearing upon
the matters of just compensation to
be paid by the city to the said re-
spondents, or either of them, or to any
other person, for the taking Of the
property of the Richmond Light. Heat
and Power company, actually used and
useful for the convenience of the pub
lie in producing, distributing and fur
nishing electric current and for all
other terms and conditions of the
purchase and sale, and shall consider
and determine the interests of all
bond holders. mortgages. lienors and
all persons having or claiming to have
any interest in the Light Heat and
Power company and the property
herein sought to be acquired; and
that said commission shall by order
fix and determine and certify to the
municipal council Of the city of Rich
mond. to the Richmond Light, Heat
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