Water Supply delegation to the Statehouse

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Water Supply delegation to the Statehouse - 1 Tntli- Tntli- aa Indi dna- dna- to the ........
1 Tntli- Tntli- aa Indi dna- dna- to the ..... IIIAI the board u. It'll that . . BLOOMINGTGN MEN AR E ITCHING GISUIN Wish Nothing to Interfere With Water Supply Plans. CITY OWNS PRESENT PLANT 29-31 inn iV--V iV--V iV--V " ,22 PM board the ' of the a Th Ploomlngton water aupply rrohlem hss broua-rit broua-rit broua-rit to the ' State-houre State-houre State-houre a delr-g-atlon delr-g-atlon delr-g-atlon delr-g-atlon delr-g-atlon of cltiiena Who are watchlnr the court of legislation by the eeneral assembly, to make sure that nothing; Is enacted that : might delay the completion of the project to develop a new water supply north Of the city. Included In the delegation are Frank Gentry. Nat Hill and Claude Mellott. Mayor John O. Har-rta Har-rta Har-rta la alo In Indianapolis, and it appears appears that the other men mentioned fear that the mayor has some plan to Interfere with the solution they are advocating: for the water supply problem. problem. The delegation of citizens has an amendment to be offered to the bill on municipal ownership of public utilities Introduced by Representative Jap Jones (Morgan. Lem.) the purpose purpose of the amendment belnif to pre vent the Jones bill, in the event of Ita passage, from causing an election In Hloommgton on the water question. question. 1 City Owns r reseat Flaat. Bloomington owns and operates the present water plant. Gentry, Mellott and Hill aaid the city does not have borrowing- borrowing- power sufficient to develop a new and adequate water supply, and citlzena have organised a . company company to co-operate co-operate co-operate with the ; city, tinder the plan the new water' supply supply would be developed and turned over to the city on a lease rental contract. contract. The plan provides that the city thall use lta borrowing power to the extent of $150,000. thie amount to be invested In common stock of the private private corporation. The city would own and control the common stock and operate operate the water property, both owned and leased. The plan further provides that preferred stock double the amount of the common shall be issued and cltiaens would buy the preferred stock, in this manner helping the city to finance the enterprise, which,: It Is asserted, the city can not now do In full because It is too near the constitutional constitutional debt limit. It is supposed that the lease rental to be paid by the city to the private company would be at least suftoient to pay dividends to the preferred stockholders. Senator J. K. Henley, of Blooraing- Blooraing- on. said he regarded It aa an unwise project The operating costs would be so great, he said, that water rates would have to go up radically. He said the revenues of the water prop erty of the crty are now about $4-0.000 $4-0.000 $4-0.000 year. He is with Mayor Harris In advocating further development of the present source of supply west of Hloomlngton by constructing are ad ditional artificial lake. CessHI Oppoaea Mayor. The majority of the city council la against the mayor and In favor of Wie citizens project. The delegation of citizens at the Statehouse said the majority will stand firm, and' the serious water supply problem oC the university town will be solved within few months if the legislature jdoes not do anything to interfere. The delegation expressed satlafac tlon today over the defeat in the ven ule of a bill to reduce the borrowing power . oi a municipality irora z to , per cent, or its assessed valuation. SATS DEADLOCK IS BROKE!. aw ra eye with oMira- M. E. HAIR rbelaa's Aa Sam Railroad played private years not had had entrance to "Ice On well. audience over "The He The mered: "My out." Not the laughter la not Rauh a Vigo the board. his think money- of fix

Clipped from The Indianapolis News25 Jan 1923, ThuPage 36

The Indianapolis News (Indianapolis, Indiana)25 Jan 1923, ThuPage 36
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  • Water Supply delegation to the Statehouse

    dubusick – 07 Dec 2017

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