The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1941-08-15
Council Hears Trustees Of
Keys Organization Relative
10 Acquiring Electric Co.
Matter OF Clearing Up
Fire Debris Deferred;
Hear Jaycees Plan To
Clean Up City

~ sy
The City Council in special ses-
sion convened last night. met with
the trustees Of the Florida Keys
Electric Cooperation Association
for the purpose Of hearing res
olution introduced by the key
body requesting that the City of
Key West join in with them in
their efforts to acquire the Key
West Electric companY's electric
system. which interests must be
disposed of by the present holding
company within specified time.
which is in accordance with law
recently enacted.
i After a thorough discussion of
the matter, it was the sense of
the council that no definite action
could be taken in the matter at
this time, due to the fact that the
city had already entered into an
agreement with the Nuveen Bond
ing Company of Chicago, who is
acting as agents for the city in en-
deay0ring to acquire the Key
West Electric Company for the
municipality, with the under
standing that the city will become
the owner of the system after the
plant has been paid for through
the issuance of bonds.
The entire matter will be ham
died through the bonding COM
pany, which will finance the prop
osition until such time as the sys-
tenn is cleared of all debt incurred
through purchase and mainte-
nance by the bonding concern,
with a board of trustees to super
wise the operation of the system
in the interest of the City of Key
West.
/ While the members of the coun-
Gil made it known that they were
favorable toward having the city
take over and operate the system,
nevertheless they felt that the
] key organizations proposition was
a very good one, and informed
that body that their resolution
bearing on the subject would be
given every consideration by the
city, and thanked the members
for coming to Key West to present
the matter, which was clearly out
lined by Julius F. Stone, attorney
for the key organization.
| The council also informed the
trustees of the key set-up that in
the event that the Nuveen Com
pany, acting as agents for the City
of Key West, failed to bring the
matter to successful conclusion
within reasonable time, that
they would then be ready to hear
their proposition, and discuss the
matter of working in cooperation
with them looking toward the pur-
chase of the electric system in
Question.
The trustees attending the meet
ing last night were Julius F.
Stone, attorney; John A. Russell,
chairman; John MacRae, W. A.
Parrish, A. E, WOODBURY., 7. Jen-
kins Curry and Ross Sawyer, Jr.
The matter of having the fire
debris removed from the corner
% Duval and Greene streets was
brought up for discussion, and
City Attorney Aquilino Lopez,
Jr. informed the board that he
would contact the owners of the
property today, and would be
ready to make his final report on
the matter at a meeting to be held
tonight
Al letter was read from the
Junior Chamber Of Commerce re-
guessing that an amount OF
twenty-five dollars be approp-
rated to be used by the organiza-
! tion in starting cleanup cam
paign in Key West. The junior
body also requested that the city
| cooperate in having all Insightly
and delapidated buildings torn
, down, vacant lots cleaned up and
made many other recommended