HomeMy WebLinkAboutResolution 04-01-1952 RESOLUTION NO.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CANTON, ILLINOIS.
THAT WHEREAS, there is a sincere desire upon the part of
the Mayor and the members of the City Council of Canton, Illinois,
to furnish water and sewer facilities to the property owners in the
new additions in the northern section of said City of Canton, by
extending water and sewer mains north on North Main Street Limits
so as to service said properties as described and located on North
Main Street Limits and the following Additions to the said City of
Canton, Illinois: To-wit: Van Dyke Park Addition and Maplehurst
Addition to Canton, Illinois.
WHEREAS, it is apparent that at this time that funds will
not be available for this purpose or at least in sufficient amount
from the X250,000.00 Bond Issue voted for the improvement of the
Canton Lake as originally contemplated.
WHEREAS, further the City Treasurer and the Finance Com-
mittee of said City of Canton, Illinois by their computations and
calculations have decided that it will not be necessary to continue
to deposit the sum of $2,800.00 to the fund in the Water and Sewer
Revenue Bond account as heretofore for the discharge of the principal
and interest on former outstanding Revenue Bonds of the Water and
Sewer Department.
THEREFORE BE IT RESOLVED BY THE CITY. COUNCIL OF THE CITY
OF CANTON, ILLINOIS;
That the Water and Sewer Committee of the City of Canton,
Illinois are authorized and directed to cause the City Treasurer to
reduce the amount of transfer of funds from the Water and Sewer
Account to the Water and Sewer Revenue Account from the sum of
; 2,800.00 to the sum of $800.00 as of March, 1952, arid to continue
said reduction and to transfer of only the sum of $800.00 until,
I,
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Resolution No. continued
and during the months of April, 1954, or a period of twenty-six
months, and the sum of $2,000.00 shall be held and preserved in a
certain fund to be used solely for the extension of water and sewer
facilities to the properties as above described in this resolution,
unless and only as expressly ordered and directed by the subsecuent
order of this Council.
AND BE IT FURTHER RESOLVED that said fund be used for the
purpose of extending water and sewer mains to the additions above
described, when and at the time that the property owners and inter-
ested parties living in said districts or additions deposit or cause
to be deposited with the City Treasurer and the Water Department
Account a sum of at least $ g o o o . o a to be credited as advance
payment of charges for water service of the respective subscribers
or contributors.
Passed by the City Council this 1st day of April, A. D.
1952.
APPROVED; )47/PettlW/Gf—r-Led
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