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NOVEMBER 22ND, 1948
<br />1. The proper officers of the City Water Works of South Bend, Indiana, be, and the same are, hereby
<br />authorized and directed to transfer forthwith, the sum of Twenty - Thousand Dollars ($20,000900) from and out
<br />of the funds of said Tater Works to the General Fund of the City of South Bend.
<br />2. This Resolution shall be in full force and effect from and after its adoption by the Common Council
<br />and its approval by the Mayor.
<br />W. C. ERLER
<br />ember of the on Council
<br />Councilman Korpal made a motion that the resolution be adopted. Councilman Muezynski seconded the motion.
<br />Motion carried.
<br />ORDINANCE N0. 3679
<br />AN ORDINANCE CONCERNING THE CONSTRUCTION OF EXTENSIONS AND
<br />ADDITIONS TO THE WATERWORKS OWNED AND OPERATED BY THE CITY
<br />OF SOUTH BEND, INDIANA, AUTHORIZING THE ISSUANCE OF REVMWE
<br />BONDS TO PROVIDE FOR THE COST THEREOF, AND MATTERS CONNECTED
<br />THEREWITH.
<br />The Clerk presented and read to the Council the resolution adopted by the Board of Public Works and Safety
<br />requesting the Council to authorize the issuance of waterworks revenue bonds to provide funds for certain
<br />improvements to the waterworks, said resolution being as follows. to-wit:
<br />'RESOLUTION OF THE BOARD OF PUBLIC WORKS AND SAFETY"
<br />WHEREAS,..The Board of Public Works and Safety, acting as Waterworks Commissioners, has
<br />heretofore determined that certain additions and extensions to the waterworks owned and
<br />operated by the City of South Bend are required in order to provide for additional water
<br />supply., water storage and to improve distribution, and has employed Charles W. Cole &
<br />Son, consulting engineers of South Bend, to assist in determining the exact additions
<br />and extensions needed and the estimated cost thereof; and
<br />WHEREAS, the additions and extensions recommended by said engineers included the construction
<br />and installation of a twenty-four inch South Side Main, two new wells, seven million gallon
<br />elevated ground storage tank, Coquillard Supply Main, Sample Street Supply Main, addition to
<br />booster station, and Northwest Supply Main, and the estimated cost thereof, including all
<br />incidental expenses necessary to be incurred in connection with said project and the issuance
<br />of revenue bonds on account thereof is in the amount of Nine Hundred Fifty Thousand Two Hundred
<br />Forty -six Dollars ($950,246.00); and
<br />WHEREAS, in order to obtain Rinds for application on said project it will be necessary to issue
<br />revenue bonds payable out -of the future - revenues of the waterworks, and a form of ordinance for
<br />that purpose ^.has.:been .pr.epar.ed. at the request of the Board of Public Works and Safety by Ross
<br />McCord.Ice & Miller, bond counsel of Indianapolis, which Form of- ordinance.is satisfactory to
<br />the Board of Public Works and Safety; now therefore#
<br />BE IT RESOLVED by the Board. of Public Works and Safety of the City of South Bend:
<br />1. That the additions and extensions to the municipal waterworks of the City recommended by
<br />the consulting engineers be approved, and that, subject to proper action by the Common Council
<br />and the Poblic Service 'Commission of Indiana, this Board determine to proceed with the qon-
<br />struction and installation of the additions and extensions hereinabove referred to.
<br />2. That, subject to proper action by the Common Council and the Public Service Commission of
<br />Indiana, the cost of said additions and extensions be financed by the issuance of revenue bonds
<br />in the amount of Nine Hundred Fifty Thousand Dollars ($950,000.00), which bonds and the interest
<br />thereon shall be payable solely out of future revenues of the municipal waterworks of the City,
<br />and that,said bonds be issued in-aocordance with the terms and conditions set out in the form
<br />of ordinance prepared by bond counsel employed by the Board of Public Works and Safety, and that
<br />said form of ordinance be approved.
<br />3. That a copy of this resolution and said form of ordinance be presented to the Common Council
<br />for consideration and action as soon as may be done, in view of the fact that the proceeds of
<br />said bonds will be needed for application on said project on or about March 1, 1949, and such
<br />bonds cannot be issued until approved by the Public Service Commission of Indiana.
<br />49 That in the event said ordinance shall be enacted by the Common Council, then a proper
<br />petition shall be filed with the Public Service Commission of Indiana requesting authority to
<br />proceed with the construction and installation of said additions and extensions and the issuance
<br />of said bonds.
<br />Dated this 22nd day of November, 19481
<br />(Signed)
<br />"
<br />Board of Public Works and Safety
<br />Councilman Meg
<br />godski thereupon introduced Ordinance No. 3679 entitled "An Ordinance concerning the construction
<br />of extensions and additions to the Water Works owned and operated by the City of South Bend, Indiana, authorizing
<br />the issuance of revenue bonds to provide for the cost thereof, and matters connected therewith" and moved that
<br />the Clerk be instructed to read said Ordinance in full.
<br />This motion was seconded by Councilman Tellson and carried. The Clerk then read said ordinance in full.
<br />Councilman Tellson then moved that said ordinance be read a second time by title, and that an opportunity be
<br />given for the offering of amendments, which motion was seconded by Councilman Korpal and carried. The Clerk
<br />then read the said Ordinance No. 3679 the second time by title. No amendments were offered thereto.
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