1907-Annual Report - Laserfiche WebLink

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I5 Department, which shall show in detail all receipts and expenditures during the year, and also the names of all persons who are at the time in default in the payment of water bills, with the amount due from each. Sec. 9. All existing by-laws or rules and regulations inconsistent with the foregoing provisions are hereby repealed. On motion of George W. Taylor it was Mated, That the By -Laws just adopted be presented by the Board of Selectmen to the Attorney General, and when duly appro- ved to have the same recorded and published as required by law to carry the same into effect. ART. 4. Robert P. Clapp offered the following motion : Voted, That the Board of Sewer Commissioners of the Town of Lexington is hereby authorized and instructed to proceed tinder the provisions of Chapter 504, of the Acts of 1897, as amended by Chapter 359, of the Acts of 1906, to install, to substantially the extent indicated in the Commissioners printed report of February, 1907, a sewerage system agreeably to the general scheme of sewage disposal appearing on the lithographed plan entitled "Plan showing proposed system of sewers for the Town of Lexington, Mass., desig- ned by McClintock & Woodfall, Civil Engineers," dated 1897, to this end adopting and constructing the system heretofore approved for Lexington by the State Board of Health; that for the purpose of carrying out the provisions of this vote the town hereby appro- priates such sum as may be necessary therefor, not exceeding one hundred and ninety thousand dollars, the money to be raised on the credit of the town by issuing agreeably to the provisions of said legislative acts bonds in denominations of one thousand dollars each, bearing interest payable semi-annually at such rate not exceeding five per centum per annum as the Selectmen may determine. Both principal and interest shall be payable in gold coin of the United States of the present standard of weight and fineness. The bonds r6 shall all mature within the period of thirty years from date thereof, but within that limit they may be made payable at different times so as to provide for payment of the aggregate loan in such annual pay- ments as will extinguish the same within said thirty years, it being the intent hereof, instead of establishing a sinking fund, to provide for the retiring of the bonds in serial groups annually. There shall be reserved to the town in such of said bonds as the Selectmen may determine the right to call and retire the same before maturity. The Town Treasurer is hereby authorized to cause said bonds to be prepared and executed in such form and with such terms and pro- visions embodied therein, not to conflict with the provisions of said Acts and of this vote, as the Selectmen shall approve, and to sell the same at such price or prices, not below par value, and at such times as he shall think best. The Treasurer is also authorized hereby in anticipation of the moneys to be derived from the sale of said bonds to make a temporary loan or loans, for a term not exceeding one year, to execute with the approval of the Selectmen the notes of the town therefor, and to pledge bonds at not less than the par value thereof as collateral security for such loan or loans. On motion of Robert P. Clapp it was Voted, That the above vote be taken by polling the house. At the close of the poll 88 had voted in favor and 59 against and the motion was declared lost, two-thirds not having voted in the affirmative. Ara. 6. On motion of George W. Taylor it was Voted, That Glen Road from Merriam Street to Oakland Street be accepted by the town when the same has been graded and deeded to the Town of Lexington to the satisfaction of the Selectmen. Awr. 2. On motion of George W. Taylor it was Voted, That the Water Board is hereby authorized and reques- ted to procure and install from time to time water meters upon the premises of such takers of water as shall apply for meters and pay