Norwich bulletin., 1921-10-19
COUNCIL APPROVES S271 ,OOO ISSUE
 OF GAS & ELECTRIC BONDS

enue and that In this work a small strip of MT. Mahoney's land will be required. Alderman Raymond said that Mir. Ma honey is willing to deed the strip of land provided the sidewalk order was rescinded. It developed in the discussion of the matter that MT Nahoney had never complied witt the s!Sewalk order.
 Corporation Counsel Higgins also ex- plained the matter. He said the work will require about S1,200. The public works committee recommended the wid- ening of West Main street between two above mentioned points Final action on their resolution was postponed until the November meeting of the council at which time there will be public hear ing on the matter. Alderman Peale of the finance com mittee stated that the committee recom- mended that the proposed appointment of an assistant cle k, which had been re- | ferred, to them at the last meeting for consideration be indefinitely postponed. Alderman Peale ir explanation said he | knows the clerk has been pretty busy
 lately. I know very well that the clerk | feels he can do the work. and we feel he can, too. he said.
 Councilman Crooks. who brought up
 the matter of an assistant for the clerk
 at the last meeting. said he had no idea | of creating any new office. He said he l had suggested the appointment solely to
 help out the clerk.
 The matter was indefinitely postponed. | Mayor Lerou extended the members of the council an invitation to be his guests at luncheon Thursday when he
 will enterta n the Connecticut Mayors l Association. The invitation was unani-
 mously accepted.
 The trolley fare committee peported progress.
 | Bond Issue.
 The $271 ,000 bond issue then came ur
 with the presentation of the following
 report by the finance committee:
 To the Court of Common Council: The
 committee on finance which has had un-
 der consideration the matter of prepar-
 ing for an issue of bonds to an amount
 not exceeding s271,oOo of which s225,Oot
 is in bonds of the following numbers ana
 denominations. ten bonds, numbered iron
 to 10 inclusive each for the sum o s10.00O fifteen bonds. numbered from Il | to 25, inclusive, each for the sum o
 5000; fifty bonds numbered from 26 tt 75, inclusive. each for the sum of s1,000 the principal of all of such bonds bein; due and payable May Is, 1921 and S46,
 900 is in notes of the city heretofore is sued. payable on demand both of sait obligations being issued under the author ity of sections 499 and 500 of the Genera Stateutes of the State of Connecticut t
 provide funds for enlarging the municYpa gas and electric plant.
 The s225, 900 of bonds due on May 18th
 last were issued on the 18th of May. 191 , and the funds therefrom have been use for the payment of the cost of inst. Him
 a new water gas unit and a 5000 k W turbine and two 500 horsepower boilers with other necessary apparatus connect z ed herewith all for the city's gas an
 electric plant as authorized by a meetin f of the court of common council held O the 21st day of January, 1918 f The proceeds of the demand note 0 I notes amounting to S46.000 were authori7
 ed by the court of common council an - used for the reconstruction and enlarge e ment of the municipal gas and electri : plant.
 A l To refund this indebtedness of s271 nc t your finance committee have arranged fc n the sale and delivery subject to you t confirmation to Eldredge & Company s Boston, Mass, of an issue of s271.Oo ' five per cent, 30 year, refunding gz d and electric bonds at par with accrue e interest they to bear the eopense d printing and certifying the bonds.
 has seemed wise and provident to yor d committee that a special sinking fund l l, established to meet the ultimate matur v ty of this issue.
 lt We recommend the adoption of the a n companying preamble and resolutions. le Dated at Norwich this 18th day
 October. 1921.
 III H. M. LEROU, AT ARTHUR l.. PEALE -l Committee on Finance, Court of Cor ,e mon Council.
 S The resolution which was offered al
 which was passed by the council pr 7, vided for the issue of the bonds in d o nomination of S1.OO0. with interest pa lo able at the First National bank of BO v ton, in Boston, the first interest payne "' to be due Nov. 16, 1921 and intere le payments thereafter in May and Mover " Der.
 The report was accepted and the re el olution adopted.
 ,n The final matter to come before { .o council was the disposition of the Pro IT. IT. pect street grade matter. The coun ne settled the matter by adopting the ori he inal plan tn lieu of the plan drawn
 by the city engineer.
 ne The council adjourned about IT, I o'c