HomeMy WebLinkAboutC.P. American 04/10/1941~QUNCII'FRYS
ODD BOBQS AT
MONQaY M~E11NG
C.P. American
A number o[ important mnttere
came betol•e the city counclt qt !tx
i regular mee[ing \[ondny night. Af-
',ter a number u[ routfno mnttere hnd
'been disposed o[,~ Dinyor Bonney
stated that the ^mo had comb for
front payment of the old water bondx
which hnd been n he0dnche to city
rount•Ile [or many years. He ask¢il
Recorder Tux to mnke n statement
regarding the amount of iha Gonda
-95tC_RUtl the coiih. on~tand.».__ ~ ..
Me TeY sutl¢d that 'there wroutd 6e
due ~Iny 1st thin year venter bonds
having a rotor of SG000'wl[h Interest
n mountlnR to Eta0.00 and that there
.vas on hood 1n the city trey BUry, by
borrowing from the general (and
trmpornrity. su[tlcient (ands to pay
those bonds in [alt, together with thr
lnterent. The rna n¢ll heaved w sigh
~d retie[ and moved to Instruct the
recorder In draw n warrant fqr tho
full amount o[ the payment and for-
ward It to the [ irat National 73nnk
of Portland wJRh.'instruc[lons to tnk¢
up the bonds tvh¢n presented.
Acrordln6 to n report mnd¢ by F~e-
corder Tex lodny, there affil retpatn
uutatn nding of these old water bonds
EI000 due October let this year, and
'Ei0?6 dlte Oc[oirer lert, [942. .There
oleo are ><12.000 in bonds stI11 our
minnding~ o[ tho new• Isxue which paid
for th¢ new mute from the tvntrr
lower to the hlghw'a>•,
Tha pnym¢nt of the old water bondn
woe nn ocrnslun of much pn tlafnctlon
to the clly o[(IClltla, who hnd epem
many n weary hnuc_.In planning to
save enough from the cit5''x Itmited
tvnde to mnke the Payment when due
withdut having to Issue new Donda.
The mutter o[ Inyi ag n nea• section
~o[ water main rtcroee Pine street at
the In[eraectlon with the hlghw•ny
JYR9sbrought up, but 'the counclt telf
that the mnttoe Tad K~kt --bc :"~i`nAi= .
ported until later thin summer:
The counclt also pnaned an ordin-
nnre rlmnfi)ng the system of parklrtg
automobllea in the business dtgtrlnt.
Phrnl7el parklne fa now required. It
•wea also voteQ .to renew the city's
Jnom berahlp In the Jncltaen 'COUOPY
Qimmber of t~mmeree; [or~another
year. ~ .• •.
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