The Waterbury Democrat., 1934-02-07

debtedness of the borough. The in- deptedness now Is in the form of notes held by tho banks and many of these are demand notes at i've per cent interest and which are subject to call at any time.
 Under the bond issue idea 1t Is believed the interest rate would be about 1 per cent, meaning a saw ings each year to the borough of $1 1850 and 1t would provide a defi- nite system of retiring the debt. Some of the bonds would mature each year and would be taken care of by. general taxation.
 Under the present system the debt can only be retired by spend- Ing less money than we appropriate 'and this hasn't been done in late years" Warden Whittemore said. He pointed out 1t is no way adds to the indebtsdness of the borough but only changes the form of debt.
 He had a petition signed by more than 20 persons requesting such an election. He was authorized to name three election officials. He hopes to get Dennis M. Llnskey for the democrats and George P. Young for the republicans. "1ow about the other party" Sheridan jokingly asked. That's 6 good idea, Warden Whittemore answered. A voting machine will have to be sed in the next election under . state law, Warden Whittemore pointed out. Ballots were used in the special election last year.
 Church Street Sewer
 No action was taken on 6 pro- posal by Warden Whittemore that money be taken from Ahe state money amounting to $17,750 which will be sent the town in July and used on the Church street sewer. Warden Whittemore explained that the project will cost nearly s6,0OO and 1t was brought out that there Is not enough money available for it in the $10,000 special appropria- ton for CWA work which the ' It was 'IssSa revealed there is about $2,900 not allocated of the money left from this amount and the ma. terials alone for the Church street work will cost about $8,200, it was estimated by the borough engineer.
 When asked as to the legality of using the funds of the next admin istration by Burgess Brophy, the warden pointed out that in pre-. vious years money from this fund due in July had been spent before election time for oil to be used on roads. He said he would advise it because of the fact that the CWA will last until May, present indica, tions now show and the labor anything. He added, however. "It there Is going to be any controversy about 1t I wouldn't recommend it be done" Burgess Sheridan as to why the schools had so much CWA money allotted them, Warden Whittemore answered that two-nfths of the $l0,00O appropriated for materials was spent on the schools, that is S4,00O, because the scholos usually Sget two-flfths of the town budget Superintendent Chittenden and I arrived at a more or less arbitrary advancement and I thought 1t was fair to the borough" the warden declared.
 There was long discussion with the borough engineer as to the way sand means of laying the sew. CT.
 Warden whittemore listed as proposed CWA projects the Pond street and Church street jobs, and work on Spring street as far az the Waterbury line. He said right of way had been secured with no charge to the borough from many property owners in this section and CWA work could start now there and continue as far as Mill street However, all the land between Mill street and the Waterbury line has not be secured but lt is hoped to have it before Ions. It was pointed out that Dunn lane was stlli pri. vate property not having been no cepted by tho town and before it could be improved it would have lo be accepted an public street.
 Warden Whlttemore then gave an explanation of the CWA carried in another section.