HomeMy WebLinkAboutOrdinance 270 ORDINANCE N0 , 270 .
AN. ORDINANCE ENTITLED , " AN ORDINANCE TO MAINTAIN AND OPERATE THE
FAYETTEVILLE WATER SYSTEM IN THE MANNER PROVIDED BY THE LAW . "
Whereas , the City of Fayetteville is the owner of a Water Bystem
with dts Pump Station situate on the West Fork of White River , and
Whereas , there has been no water in the West Fork of White River
for two months to maintain and operate said Water System , and
Whereas , said City is in great and urgent need of an ample water
supply , for all purposes, , and
Whereas , it is the concensus of opinion that an Auxiliary Pump
Station should tie established on Clear Creek and a pipe line built therefrom
to connect with the present water system , to make more permanent and certain
the water supply for the City , and
Whereas , it is the bounden duty of the City Council to operate and
maintain by commission or otherwise said original plant under Section 5675 of
Kirby ' s Digest of the Statutes of Arkansas , and
Whereas , the necessity of . an Auxiliary supply of water is urgent and
pressing , and
Whereas , the estimate cost of constructing a Pump Station and pipe
line at and to Clear Creek is $33 , 064 . 66 , and
Whereas , the City of Fayetteville has no fund with which to construct
said auxiliary plant , and
Whereas , the net revenues from water rental and a portion of the
>in
ral fund of the City must be anticipated for a period of about seven years
order to buid an Auxiliary Plant to cost the sum of $339064 . 66 for the
purpose of maintaining and operating a water system capabbe of supplying water
for the inhabitants of said City , and
Whereas , it will be necessary in addition to anticipating said
revenues , to mortgage the auxiliar Plant , and to execute a second mortgage on
the Original Plant and to ple e I evenues aforesaid , Therefore ,
ti
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payment of said warrants and shall also pledge and pay out of water rentals ,
from the entire system as maintained and operated not less than $ 2800 . 00
annually , payable monthly at the rate of $235 . 00 , and so much of its general
revenue as may be necessary to redeem said warrants at the zate of forty
eight hundred ( 04800 . 00 ) dollars annually .
Section 6 . Nothing in this ordinance shall be construed to conflict with
or postpone any legal or equitable rights , which have or may accure to the
present bond holders or to the securities •they hold .
Section 7 . The contractor shall execute a good and sufficient bond to
the State of Arkansas for the use and benefit of the City of Fayetteville ,
for the faithful and prompt performance of his contract in accordance with
said plans and specifications .
Section 8 . The said City of Fayetteville shall look only to the contract
or ' s bond for the performance of the contract and any disagreement between
the City and contractor shall It in no wise affect the validity of the
warrants or security in the hands of the purchasers of said warrants and
securities from said contractor .
Section 9 . This ordinance shall take effect and be in force from and
after its passage and approval and publication .
Passed and approved this let . day of Nov . 1909 .
APPROVED.
MAYOR .
ATTEST•
CITY CLERK .
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( Published in Fayetteville Daily , Nov . 2nd , 1909 . )