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HomeMy WebLinkAbout2936 Five documents with motions made at Town Meeting, no dates but presumed circa 1895The said bonds & interest shall be made payable in gold coin of the U.S. of standard weight and fineness- Amendment by Mr. J.P. Prince & carried Warrant for a Town Meeting Monday, Oct. 28, 1895. To WILLIAM B. FOSTER, Constable of Lexington, GREETING: In the name of the Commonwealth of Massachusetts you are hereby required to notify and warn the inhabitants of the TOWN OF LEXINGTON, qualified to vote in town affairs, to assemble at the Town Hall, on Monday, the 28th Day of October, A.D., 1895. 2936 2 Ar [Articles] 3-4-5 Proceed to ballot VOTED: --- That the Town ratify and confirm the doings of the Selectmen, relative to the purchase of the Lexington water Company of its water rights estates, franchises, and privileges for the sum of two hundred thousand (200,000) dollars, and that it purchase said property for said sum. and issue in payment thereof its bonds for that amount, on such terms as to time of payment and rate of interest, and is such form as the selectmen say determine, within the requirements of the public statutes; or, in the discretion of the selectmen, that it borrow of the Treasurer of the Commonwealth said sum on such terms as they may obtain. RESOLVED:- That no person should be appointed Engineer, Engine Man, or for any service connected with the Fire Department whose business calls him beyond the limits of the Town, or, to a distance from either village; and that whenever say Engineer or member of the Fire Department is obliged to temporarily leave the Town, he shall, in every case, engage a competent substitute to take his place during his absence. VOTED:- That the sum of two hundred thousand dollars is hereby appropriated for the purpose of purchasing the whole water rights, estates, franchises and privileges belonging to the Lexington Water Company in accordance with the terms of the contract with the town heretofore approved, the same to be borrowed by the issue of bonds in the aggregate principal sum of two hundred thousand dollars ($200,000.) of the denomination of one thousand dollars each bearing interest at the rate of four per cent per annum, payable semi-annually at the office of the town treasurer or at any bank in Boston that the board of selectmen may designate on the face of the said bonds. Said Bonds shall be denominated on the face thereof "Lexington Ware Bonds; and shall be signed by the town treasurer and countersigned by the selectmen, or a majority thereof, and shall be payable as follows.- Ten of such bonds shall be payable on the November 1, 1896, and ten of such bonds shall be payable on the first day of November in each year thereafter until and including November 1, 1915. Instead of establishing a sinking fund for the payment of such bonds the board of assessors shall without further vote in the year 1896 and in each year thereafter assess the sum of ten thousand dollars until said debt shall be extinguished in the same manner as other taxes are assessed under the provision of section 34 of chapter 11 of the Public Statutes. The said bonds are to be issued in the manner herein provided and not according to the vote of the town passed the seventeenth of August. 1895. The selectmen are hereby authorized to negotiate such bonds either at public auction or private sale, and to deliver the same to the purchasers. That the town appropriate $6,000 for the purchase of apparatus and horses for a steam and chemical fire service, and for repairs in and alterations of the present engine buildings in Lexington and East Leington. House polled 111yes 72 no That a committee be appointed at this meeting, authorized to make the said purchass, repairs and alterations in accordance with the general plan and schedule submitted by this Committee in the foregoing report. That the sum of $1,100 be appropriated to maintain the fire department for the ensuing year, in addition to the amount hereto fore appropriated. That the Selectmen, or the Fire Engineers, be requested by vote at this meeting to reduce the number of men in the Department, and make changes therein, according to the suggaestion contained in said report.