Salt Lake Herald | 1902-03-12 | Page 7 | Waterworks Deal

I WATE WORKS DEAL Company Officials and Confer on Subject The deal which hs Wn ben under informal discussion for tor consider considerable able time between the com coin I pony pan and several of oC the city authorities was brought UP last nIght in concrete form at a s meeting of the city council U Eccles Dee Am Allison on II and Matson representing the company were present by appointment and met with the council and mayor behind I closed doors The water company Is anxious to sell and the authorities are willing to buy but the matter of r the bonds held by the receIver ot of the waterworks company In the sum sent of Were the chief subject t of is 8 No one seem seemed to know just Jt where these bonds are or whet whether er the they could be obtained at less tess than par or not The city can only bond for U and tr If the purchase of the would not make the city liable for the bonds then of course COUrBe the deal could be consummated as tile the t tIon it is understood would al also In Involve Involve volve the payment of oC the present own owners ers era of about or 50 the being similar to the one hl h was agreed upon between the water company and a majority or of the former council but which was wa stoP d by an Injunction The question the present company could give a clear elear title to tl the water and kindred sub subjects were not reached and another anether meeting has ba I been caned called for next Tuesday night