White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1922-08-13
CITY COUNCIL PASSES
BONDING ORDINANCE

An ordinance providing for the is
suance of bonds in the sum of S50,-
0e1 was passed on its first reading
at the meeting held by the mayor
and city council last Tuesday night.
The ordinance will again come up
for final action by the authorities at
the next regular meeting, which will
be held August 20. The law re-
quires that it then be advertised for
the period of one week. when 1t be-
comes effective. This fixes the date
as August rs ard the ordinance as
drawn by City Attorney Loekhart
provides that the bonds shall bear
date of September J., 1922.
The bonds will be in the denom-
ination of $500 each, bearing inter-
est at the rate of 6 per cent per an
mum, payable semi-annually They
arc to be retired at the rate of five
bonds in each year. by which the
total issue Of 100 bonds will be
taken up in twenty years.
The mayor and city council will
meet tomorrow night with the
city attorney to take up the matter
of procuring an emergency loan from
the state board of finance. By this
method the much-needed improve
ments can be Immediately proceeded
with and the money repaid when the
bonds are sold.
The bonds are expected TO prove
, attractive on the market by reason OF
the fact that the money market is be-
lieved to be in receptive mood for
high-class securities. Bonds to which
the city of Ely Is pledged will doubt
less be eagerly sought by conservative
investors, who are glad to get 6 per
cent for their money when they have
such security to insure payment.
The money derived from tho bond
/! issue Is to be used for the paving Of
the main street through the city, for
which purpose $4,000 will be set
aside to match federal money at the
ratio OF - federal money to each dol
liar furnished by the city and by which
the municipality will get a perma-
nent Improvement Of the approximate
value OF $f5o,000. In order to ac-
complish this prompt action must be
taken and arrangements made before
the repeal of the Phfpps-Dowell Law.
which Is being bitterly attacked in
the national congress. The opponents
of the law are relentless in their at
tacks upon Ii and success in their ef-
forts means that the city of Ely would
not be able to pave Aultman street
because OF the fact that when the
federal aid Is cut OF the proposition
OF raising the entire amount OF $780,
| 900 for the project. which has been
the dream of years, would be all
hope for at least many years to come
The cost to the city for the Murry
street Improvement and caring for
the high waters from Murry canyon Is
estimated at approximately $4,000.
The repair and construction of the
sidewalks and cutters on both sides
of Aultman street is estimated at
about $1,000. all of which was fully
explained in detail in the White Pine
News two weeks ago,
The floodwaters of week ago last
Wednesday supplied sufficient argu-
ment for the need of the improve.
ments and the bond issue met with
the unanimous approval of not only
the mayor and councilmen but also
the citizens present. A number of
those whose property was seriously
damaged by the floodwaters. much
OF which the contemplated improve
ments would have avoided, were
present at the meeting. They seemed
we'll pleased with the decision of the
city authorities to proceed with the
work and expressions of relief passed
over their countenances.
W. E. Meyers and Mrs. John We
ber. whose property has on several
occasions been considerably damaged
by high water, were in attendance
and naturally seemed consoled by the
knowledge that action was about to
be taken which would safeguard their
interests. at least as far as human ef-
fort is possible.
City Engineer Frank W. Millard
reported that the wooden flume down
Murry street was completely de-
stroyed. He explained at length the
condition in which 1t was found i'm
mediately following the flood It is
filled with debris and cayed in in
many places, while other sections
have. durng the years that 1t has
been in use, so deteriorated that 1t
will not now bear the weight OF an
ordinary man. The city engineer
made his recommendations in the
matter and all seemed to concur In
his views
The mayor and Councilmen Russell
and West agreed to meet with the city
engineer at 1880 o'clock Thursday
morning and make personal inspec-
tion of the old flume, as well as con-
ditions existing through the residen.
tiai section of Murry. Mill and Can
yon streets. with a view to determin-
ing upon a plan for carrying out the
necessary work.
The plan agreed upon and now un.
der way Is to abandon the old wooden
fiume and divert the Murry creek
water from its present course at a
point opposite Senator Chapin's resi-
dence. pn Canyon street, just south
Of wherp the water enters the old
flume. A force of men with teams
are now at work constructing new
channel, by which the water will be
carried down the east side OF Canyon
street to the McGill residence. where
1t turns easterly and along the south
side Of the municipal park to Mill
street. thence northerly on Mill street
and along the easterly side OF the
park to Hayes street. Just opposite
the rectory OF Sacred Heart church
II will then be carried along Hayes
street and into the creek immed lately
south of the Richardson building, on