Show 1 I II I I Tj Pl PAY Y I OUT 01 OF l' l IONEY MONEY Council to Meet Obligations Jei Sewer er Owing to the thc fact tact that the sewer b bs bond ond 1 fund tun is virtually depleted depicted the s same samo as the tho water bond fund the committee commIttee com corn on finance of the city council d decided ed Thursday Thursay evening evening- to pay th the Z OOOO estimate In favor of James Kenedy Kenned Kennedy Ken Ken- n nedy edy ned for or sewer work ore out o of th tho amounts withheld on his contracts This Is the arne ame procedure as followed In the tile caso o of f P I. J. J Moran oran Please note that the law is violated in making these payments out of the guarantee mono money That mono money Is a fund re reserved er ed b by the city from Crom the tile amount mount due for paving It is held 1 back in n order to compel a performance of the he work according to contract It also enables the cIt city to force the contractors contract contract- ors to make repairs where by the terms erms of or his contract he lie must make them in In order to keep the pavement good for the specified term of years l If there Is no guarantee fund the lie contractor can not he be forced to make tho the repairs He has bas all his money maney and I no one has bas any hold on him Still he should bo ho pai paid 1 He has done dono the work And the city has no no other resources It has bas spent all its money all it can borrow and all that the taxpayers taxpayers tax tax- pa payers ers bring in I So It has to leave t the e city unprotected by br a guarantee fund It has hae to pay payout out the only sum which Insures I the people against defective o paving I I It is the tle difference between the state an and 1 the city wa way of oC managing finan finan- ces The state is in the hands of or Republican can officials The cIt city Is controlled 1 by br what it called the American part party I I |