Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-02-26
WATER QUESTION
To Be SUBMITTED
At CITY ELECTION
Council Makes Provision for
Voting Upon Question of Is
suance Of $4,000 Bonds
for Buying or Building,

The municipal ownership question
will be decided at the next city cleo
ton.
The council last night provided for
submission of the question to taxpay-
ers. A resolution was adopted, au-
| thorizing a bond election to be held
with the city election, as required by
statute, and an ordinance was passed
under suspension of rules, describing
the bonds.
Six councllmen were present when
the ordinance was first read. Or.
IIust came in later. All Of those pres
ent voted favorably on both the ordi-
nance No. 5GS, and the resolution at
every roll call.
The Resolution.
The resolution follows.
BE 1t resolved By the city council Of
the city of Albuquerque. That at the
regular election for councilmeD to
be held in the city of Albn-
querque on the ith day of April,
1916, there to be submitted to the
electors qualified TO vote upon the
cr or not the city OF Albuquerque shall
issue its negotiable bonds to the
amount of $500 900 to bear interest
at not to exceed five per cent per an
mum, for the purpose Of building or
acquiring a system of water works to
supply the city and its inha bitants
with water said bond issue however
Ia. h.. 81 -.
special election hereafter to be called
for the purpose of submitting to the
qualified voters of said city. the ques-
ton as 10 whether or not 1t is desired
TO construct or acquire such system.
Ordinance No. 56S.
Iere is the ordinance:
BE II enacted by the city council of
he city of Albuquerque:
Sec. /, There shall be issued bonds
OF the city of Albuquerque. rs follows:
400 bonds Of the denomination of
$ goo each for the purpose of secur-
ing funds for the construction or ac-
quirng of a system of water works
within and for the city Of Albuquer-
que. The bonds authorized by this
shall be negotiable coupon
bonds payable to bearer; the said
bonds shall bear interest at the rate
of not to exceed five per cent per an
mum payable semi-annualy and shall
not be sold for less than par.
See. .. There shall be levied In each
year hereafter until the principal of
said bonds is fully paid special tax
upon all the taxable property of the
city of Albuquerque sufficient to pay
the interest ON said bonds under the
terms hereof and shc proceeds derived |
from the said special tax shall be used |
for no other purpose than the pay
nent of interest accruing upon the
said bonds.
Sec. 3. At the end of five years ar |
Ter the date Of the issue of said bonds |
md each year thereafter until the said I
bonds are fully paid there shall be
evied q special tax upon all of the
axable property of the city of Albu-
iuerque sufficient with other funds on
land and available therefor to raise
I've per cent of the amount of the said /
bonds for the purpose of providing a
sinking fund for the payment thereof
md the proceeds of such special tax
hall be used for no other purpose
han the payment of said bonds.
Notice was served upon the coun-
III by John Simms. attorney that
suit would be brought against the city
for $4,000 because of the death of
owen Doris. the child who was kill
I'd when the highlands fire engine ran
nto the fence In front of his home.
Louis a. McRae. in 4 communica-
ion. suggested changing the parking
system to conform with the idea adj
'anced by Or, w II. Long. forest
lie would have the park
ngs between the sidewalk and prop
,rty line instead of between the walk
md the curling. According to this
llan the sidewalks would be built
leXt TO the eurbng.
The filling of the Barelas road at
/ cost not to exceed $25 was author i
ID The dirt is to be taken from East
CENTRAL avenue where grading force i
s cutting off the hump"