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T O CAP I T A LI S T8. City of Ann Arbob, Mxcil, ) NOVEilBER 2, 1874. J Sealed proposals will be receïved in pursuance of the follüwiug resolutioma of Common Council of the city of Ann Arbor, adopted October 26, 1874. Reiolved, First. That it is expedientto hayeconstructed in said city of Ann Arbor, works for the purpose of supplying said city and the inhabitants thereof with water,;but that it is inexpedient for said city, under the power granted in its charter, to build such works. Second. That, as an lnducemcnt to the formation of a Company for the purpose of constructing and operating such works, this Council will, as soon as practicable after the passage hereof, adrertise for and receive sealed proposals, each to be signed by at least live responsible tudders, for furnishing said city with water for public or municipal purposes, for the period or term of twenty years, with the privilege to said city of an additional term of not less than live nor more than ten years, at a rate, or for a consideration, not exceeding nve thousand dollars per aunum, ín the manner and on the terms and conditions more particularly specified in the next succeeding resolution. Third. That this Council, in behalf of said city of Ann Arbor, undertakcs and obligates itself to contract for the supply of water aforesaid, in the ner above and hereinafter apecified and proYided, with the lowest bidders for furnishing sucn supply, by sealed proposals aforesaid, when and as soou as such bidders shall have completed their organization as a Compauy for the purpose of supplying said city and the inhabitanta thereof with water, agreeably to the provisions of an act of the Legislature of the State of Michigan, entitled, " An act to authorizo the formation of companies for the introduction of water into towns, cities and villagea in the State of Michigan," approved April 3, 1869: Provided that such company shall, on its part, obligate itself to build and complete in said city of Ann Arbor, within one year from the date of such contract, works of sufficient capacity to reasonably and properly supply said city and the inhabitants thereof with water, and withm the same period, to properly and permanently lay down in said city at ïeast fil'ty thousand feet of main or supply pipe of sufficient strength and size to adequately and at all times furnish water for fire duty and protection Ín said city ; and to furnish, connect and permanently set in suitable and sumcient frost-cases, for the use of said city, sixty good and sufficient first-class fire hydrants, with two two-and-a-half-inch nozzles each, and six first-class " Center Street" hydrants, to be located by the authorities of said city, reasonably ncar to main or supply pipe that ihall have been laid by such company ; and thereafter, at all times during the terra or terms aforesaid, for the consideration, not eiceeding five thousand dollars per annum, proposcd and accepted in manner aforesaid, to lully and properly supply such hydrauts with water for the use of said city, under asufücient head, pressure or power, by machinery or otherwise, for efficiënt, continued aud adequate fire duty and protection in any and every part of said city, without the aid or use of a ftre engine ; and further, at all times during the term or terms aforesaid, to maintain the aforesaid hydrauts, and, upon the reasonable notification of the authorities of said city, to preserve the sanie in good repair ; and further, frora time to time, and at all times during the term or terms afuiPsuid, to permit said city without additional charRe therefor, to make and maintain connection of all such other or additional fire hydrants as it may elect to provide at its own cost, with the main or supply pipe of such company and at all times during the term or terms aforesaid to fully and properly supply, without additional charge to said city, all such other or additional hydrants, with water for fire duty or protection, in raanner aforesaid: and further, of the main or supply pipe to be laid within one year from the date of such contract, in manner aforesaid, to lay at least two thousand and five hundred feet south of Liberty streets, between Main and State streets, in the First ward of said city ; two thousand and five hundred feet on Liberty and Hu ron streets, west of First street, in the 8econd ward of said city ; three thousand feet ou Miller Avenue and Spring street, in the Third ward of said city ; two thousand and five hundred feet north of Anii street and east of Detroit street, in the Fourth ward of said city ; one thousand feet in the Fifth ward of said city, and two thousand and five hundred feet east of State street, in the Sixth ward of said city ; and further, from time to time during the term or terms aforpsaid, and the continuance of such company, according to the growth and increase of said city, and such company receiving reasonable guarautee of a return of not less than ten per cent. per annum on all necessary iucrease of penditure or investment, to enlarge the capacity of such works and the extent of such main or supply pipe, so that said city and the inhabitants thereof may at all times be properly and fully aupplied with water for all municipal and doraestic purposes. Fvurth. That, aa a further inducement or encouragemeut to the formation of such company, this Counctl further undertakes and obligates itself in behalf of said city of Ann Arbor, to grant by Ordinance, to such eompany, when duly organized in raanner aforesaid, all sucn right to the use of the streets, alleys and public grounds of aaid city, as shall be necessary to enable such company to properly construct, eularge, extend and opérate the aforesaid works, subject only to such just and reasonable terms, restrietions and limitations, as are contemplated by the provisions of the aforesaid act: and further, that this Council alsp undertakes and obligates itself. in behalf of said city, as aforesaid, to exeinpt sucn company, by Ordinance aforesaid, at all times, from the imposition of any restriction ín respect to rates or charge for water contemplated by section 15 of the aforesaid act, that would, if imposed, prevent such company from realizing an aimuul uot iucome, gain or profit, over and above operating expenses, coat of extensions and repairs aud interest on money borrowed, if any, equal to fifteen per cent. on ita capital stock represented by the actual cost of the construction, enlargt'inent and extensión of such works, on condition that such company shall contract with said city in the manner speeihed in the preceding resolutions, and shall, at all times keep and perform all undertakings, covenants and conditions on its part to be kept or performed iu purauance of such contract. All proposals must be made onorbefore the fífteenth day of Jannary next, and addressed to the Committee on Water Works, Ann Arbor, Mich. ïhirty days will be allowed for organization of Company and completiou of contract after notificatioii of act'cptance of bid. Further information, if desired, will ba furalahed by the committee on application. H. J. BEAKES, MOSES ROGERS, W. D. SMITH, MOSES SEABOLT, B. F. GRaNGER, 1 COMMITTER.