New Britain herald., 1927-01-26
VOTE BOND ISSUE
 FOR FORESTV|LLE Council FaVoIs $200,000 for Sever System Improvement "WHITE WAY" IS ASSURED Banquet TcTnderod Revfi E. L. Wis mer By Legionnaires-Community Chest Elects Trustees - Eagles Past Prcside1ts' Night
"WHITE WAY" IS ASSURED

At an informal meeting of the city council last evening at which the mayor and councilmen sat sim ply as . committee, the matter of securing authorization for 8 bond issue, to be known as the Forestville sewer construction bonds. was con. sidered.
 A tentative bill authorizing the is- sue of bonds not in excess of s200,- 1 900 bearing interest at the rate of five per cent and payable within a term of 20 years, was submitted by l Corporation Counsel William N. De- Roster. The first retirement would be made five years from the date of issue and sufficient amount re- tired each succeeding year so that the entire amount would be absorbed within the 20-year period. Follow ing 8 roll call to ascertain the de- 1 sire of each councilman, the cor poration counsel was authorized to refer the tentative draft to Repre- sentative Epaphroditus Peck for presentation before the legislature.
 It was pointed out that 1t will probably be next year before any thing definite can be done with the project. It will be first necessary to establish a special sewer district. which may also be known as a tax ing district for the construction of sidewalks curbs and other improve ments. After the district lines have been laid out, 1t will then be neces- sary to secure the sanction of voters within the district to the sewer in- stallation.
 City Treasurer George s. Beach, committee, was present and in- formed the council that the city can still issue bonds to the extent of 1 S440.000, and keep within the five per cent limit. This is based on a grand list of the city of s56,000,000
 MT. Beach again recommended to l the city council that some definite action be taken toward the es- tablishment of a sinking fund to take care of the $600,00O city i'm provement bonds which mature ir 1852 and which were part of the s1,350,0 bond issue f1oated 1T 1922. The s75O,0O0 balance of tho bond Issue are being retired at the rate of s25,000 each year. but a: Mir. Beach pointed out, unless some action was taken to care for the improvement bonds, the coming gen. eration would find themselves faced with a difficult task in 1852. Mir Beach stated that he had for the past few years called this matter to | the attention of the council, but 1 each year action was deferred until the next budget was approved Councilman Charles R, Anderson suggested that the finance board prepare table showing just what would be required financially to es- tablish sinking fund whereby the entire amount might be taken care of on the due date and also another table showing the yearly appropria- tions necessary, to retire half the amount by the date of expiration This NIT. Beach agreed to do, but it is probable that nothing definite will be done in the matter this year.
 New Britain Guards Here Tonight
 One of the largest crowds ever to witness basketball contest in re- cent years in this city is expected to jam its way into the Bristol High school gym tonight when two of the leading contenders for the state