Evening journal., 1921-03-17
new BILL To
EXPEDITE CITY
LIBRARY PLAN
CONTINUED from first page)

AAOAAA lAAHA UdHtl
sum OF 100000. which is to be ap-
piled only to the library.
In addition. The Wilmington Instf-
tute is to devote the sum OF $780,
900 it now holds for the construc-
tion of A library building to the new
structure, and to apply the further
sum of s325.000 it shall receive from
sale Of its present property. at
Eighth and Market streets, to John
Govatos, TO an endowment fund for
support OF the institution.
Not Mandatory in Effect.
John p. Nields. representing The
Wilmington Institute, explained that
the new measure would greatly, clar-
ify the entire situation; would give
validity to bonds issued for publicf
library purposes and would provide
more protection to the city.
In return for deciding to the city
the plot on Caesar Rodney Square,
and the applying of the money in
its control to the library. the Insti-
tute is to have the use OF the build
ing so long as it utilizes it for pub
lie library purposes.
Councilman Kane brought out that
the substitute bill does not make il
mandatory upon the city to advance
the 100000 for the Caesar Rodney
Square plot, but only when the city
is willing to accept the deed. for it
from the Institute.
Mr.. Nields here emphasized that
the measure is merely an enabling
act, as is the one now before the
Legislature which it is purposed to
supplant.
Title and Text OF Act
Title of the new measure reads as
follows:
IAN act to authorize The Mayor
and Council Of Wilmington to bor-
row money and to issue bonds to
secure the payment thereof for the
purpose of acquiring title to a lot
Of land in the city of Wilmington,
and also to authorize The Whining
ton Institute TO erect, equip, use and
occupy a building on said lot Of land
for the purposes Of a public Ii
brary"
The bill itself recites in part:
Whereas. The Wilmington Insti
tute has acquired title to a certain
lot Of land in the city of Whining
ton, the value Of which is in excess
Of the sum Of 100000 and has ac-
cumulated a fund known as the
building fund consisting OF invest
ment securities approximating $780,
/ 600 in value; which land and fund
IL purposes devotiig to the uses of a
public library;
And whereas. the said The Will
mington institute is in possession OF
a large and valuable collection OF
books suitable for the uses Of a pub
lie library:
"And whereas. the said The Will
mington Institute is the owner OF
other property, the rents and income
from which it purposes devoting 70
the uses Of a public library and ia
the other objects set forth in It's
charter;
Now therefore be it enacted by
the Senate and House Of Represen-
tatives Of the State Of Delaware in
General Assembly met (two-thirds OF
all members OF each branch con-
curing therein:
section I. That The Mayor and
Council of Wilmington is hereby au-
thorized and empowered to accept
from The Wilmington Institute q
deed vesting in the city Of Whining
ton the title to that certain lot OF
land lying on the south side oi
Tenth street between Market anc
King streets in the city OF Whining
ton with the easement appurte'
nant thereto and to pay the sun
OF 5000, 900 to The Wilmington In
stitute upon the delivery OF sucf
deed.
"section 2. That for the purpos'
OF providing the said sum Of 5000,
, 600. The Mayor and Council Of vii
mington is hereby authorized an'
empowered to borrow upon the faiti
and credit OF the city Of Wilmington
a sum OF money not exceeding S2OO,
600. and for the purposes Of secur
ing the payment of said sum VIII
! interest. the said The Mayor an'
Council Of wilmington is hereby au
thorized and empowered to issu'
honds OF the city Of Wilmington
Section provides method Is issu @
, ing bonds Of the city OF winning
! ton. The act continues;
"section 4. That upon the vest
ing OF the title to the lot OF lam
q aforesaid in the city Of Wilmington
as aforesaid. the said The Whining
ton Institute is hereby authorize
and empowered to erect, construct
e equip and furnish upon said lot 0
5 land a library building for the us
I of a free library and reading room
e in accordance with plans and spee'
5 fications prepared or approved D
e the board of managers thereon; an
e the said The Wilmington Institute
e further authorized TO enter INTO pos
e session Of the said lot Of land 10
the purpose aforesaid, and to remoN
from said land any building or othe
4 structure thereon and to use IN
O material thereof in the erection
said library building or TO sell c