The Canon City record with which is consolidated the Canon City cannon., 1917-04-12
WATERWORKS SINK
FUND NOW $4,000


At the regular meeting OF the city
council last Monday night it was de-
cided to transfer an unirvested sur
plus o. $l.27S.32- from the water fand
to the water works sinking fund.
which brings the latter up to $4,000.
the purchase price OF the Cotton
wood ranches becomes due and paya-
bic, an additional sum of $4,000 will
be placed to the credit OF the water
works sinking fund. making 1t at that
time $4,000. One year from now. or
on April 1. 1918. the council will re-
deem the first block Of its water
works bonds. amounting to 10000.
from the cash on hand in the sinking
fund. These bonds normally would
run until 1928 before becoming due.
but in accordance with the contract
under which they were sold the whole
or any part of them. with their ac-
crued interest. may be paid by the
city at any Tins 1t may desire.
Kountze Bros. of New York. the hold
tfS OI lnt OOuuFs Ail bt OAA
April /, 1918, that the city council
is In position 10 redeem $4,000 of it's
water works indebtedness and request
will be made that bonds to- that
amount be surrendered for payment
and cancellation The payment of
these bonds will save the city approx
imateiy $1,000 in interest charges an
pualiy
Other matters considered by the
council Monday evening included the
granting of n petition OF property own
ers on River street for certain high
way betterments in that part OF town
The petition recited the neglected and
unworlped condition of the driveway on
River street and asked that II be re
graded, its surface LANDED and other
wise improved. The signatures of for
ty-iwo property owners were appended
To the pstition- The Improvements
will be carried on; under the superSi-
sion OF the street commissioner.
An application was made to the
council by the Round Crest Canning
company for water rate for its new
and enlarged canning plant at the
corner of Water and Eighth streets.
Aner a discussion of the matter 81
was voted in view OF the advantages
and benefits ,aeeruinE to the eemmun-
ity from the operation OF the enlarged
plant 10 grant the rate asked for. The
concession was made for the purpose
of fostering and encouraging indus
trial enterprises that give employment
to labor and are OF either directly or
Indirectly helpful To all classes OF our
people.
Ordinance No. :. series OF 1917. per
tanning to the fixing and establishing
al the salaries Of the city officers and
employees. was passed on second read
ing and adopted as a par Of the law
and regulations of the council.
Billiard and pool licenses were or
dered issued to Esser Crawford.
John D. Lloyd and To the Mitchell c.
gar company and fruit venders' u
censes to Mrs. Flora zSegler and Mrs.
J. N. Kissell.
The mayor and city clerk were au-
thorized to execute deed to strip
OF land thru the Cottonwood ranches
as a right of way for a public high
way. The deed to become effective
must also receive the concurrence Of
W. II. Smith. the purchaser of the
ranches and into Whose name they
will be conveyed in twelve months
from now.
The monthly reports OF officers
were presented. adopted and ordered
MED. The bills for current expenses
for the month of March were also
passed and warrants ordered issued
by the city clerk for their payment.
The council will meet In special ses-
sion next Monday night to finish up
its business for the fiscal year ending
April LIST.