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ber, 1920, to purchase from said Citizens' Light, Power & Water Co., all its power, equipment, good will, and rights at an appraised value to be determined by 3 appraisers, 1 appointed by the Citizens Light, Power & Water Co., 1 appointed by the common council, and 1 appointed by the 2 so appointed; and
Whereas ordinance No. 89, granting to the Citizens' Light, Power & Water Co. the right to operate and maintain an electric telephone bell and signal system, is about to expire making it opt onal for the city to purchas said telep one system or grant a new franchise to the company; and
Whereas if the city wishes to take advantage of its right to purchase said interest, as heretofore set out belonging to the Citizens' Light, Power & Water Co., such right must be exercised at once in order to come within the time limit set out; and
Whereas the Citizens' Light, Power & Water Co.'s stock is controlled by the W. B. Foshay Co. and its subsidiaries, more particularly the Public Utility Co.; and
Whereas the said W. B. Foshay Co. and its subsidiaries are now in the hands of a receiver, and there is a probability that the receiver may find it necessary to place the said public utilities of the city of Ketchikan, now under his control as receiver, up for public auction in order to properly liquidate, straighten out the company's affairs, and protect its stockholders; and
Whereas it might become necessary for the city of Ketchikan for its protection and that of its citizenship, in view of the probability of such a sale, to purchase the entire plant, good will, wires, equipment, rights, etc., of the light, telephone, and water-power properties of the Citizens Light, Power & Water Co., operating in said city by virtue of franchise No. 89 and franchise No. 151. The right to make such purchase is given under section 7 of franchise No. 151 and the expiration of telephone franchise No. 89, and the general power, authority and procedure to buy, construct, and otherwise establish and maintain plants for the distribution and the use in the city, of light, heat, and power by electricity and to establish and maintain for the use within the city, telephone systems, water works, electric light and power plants, and other public utilities for the purpose of serving the city and the public, is set out under “General Powers of Common Councils, Article III of chapter 97, Session Laws 1923 of Alaska: Now, therefore, be it
Resolved, That the common council of the city of Ketchikan, hereby petition the Congress of United States for the power and right to bond the said city of Ketchikan in a sum not to exceed $1,000,000 to make such purchase if found necessary and advisable after submitting the same (due notice being given) to the vote of the people, for their approval at the next general election or a special election called for that purpose. Be it therefore further
Resolved, That a copy of these resolutions be sent to Hon. Dan A. Sutherland and that he be respectfully urged to prepare and submit a bill granting the right, power, and authority to the city of Ketchikan to purchase its public utilities and granting it the further power and authority to bond the credit of the said city in a sum not to exceed $1,000,000, after the approval of the electorate thereof, upon due notice given at the next general election or special election called for said purpose, and that Hon. Dan A. Sutherland respectfully urge the immediate passage of said bill in order that the city might meet the situation if the emergency arises and the electorate so desires.
Passed and approved this 15th day of January, 1930. (SEAL.)
M. J. BUCEY, Mayor. Attest:
WM. A. HOLZHEIMER, City Clerk. The Chairman of the committee has also received a telegram from the mayor stating:
Our option to buy utilities plant comes in September of this year. Any delay might seriously interfere with purchase.
Ketchikan, the center of the North Pacific deep-sea fisheries and of the salmon-canning industry of southern Alaska, is the largest and most prosperous city in the Territory. Its permanent winter population within the corporate limits is about 4,000, which is increased over 100 per cent during the summer fishing season.
The assessed valuation of property, both real and personal, is $6,818,360. The tax rate is 17 mills.
The town's outstanding bonded indebtedness is $110,000, on a school building. The original issue was for $150,000, upon which payments of $10,000 per annum have been made in the past four years.
The fixed capitalization of the utilities in question is: Electric
$1, 078, 655. 91 Water..
119, 986. 00 Telephone
72, 339.00 Total...
1, 270, 980. 91 The profits of the Citizens Light, Power & Water Co. during the past five years have been as follows: 1925.
$80, 000 1926.
90, 000 1927
90, 000 1928.
106, 000 1929
REPORT No. 940
BRIDGE ACROSS THE MINNESOTA RIVER AT
JUNE 17, 1930.-Ordered to be printed
Mr. Dale, from the Committee on Commerce, submitted the following
[To accompany H. R. 9989)
The Committee on Commerce, to whom was referred the bill (H. R. 9989) granting the consent of Congress to the State of Minnesota, Le Sueur County, and Sibley County, in the State of Minnesota, to construct, maintain, and operate a bridge across the Minnesota River at or near Henderson, Minn., having considered the same, report favorably thereon, and recommend that the bill do pass without amendment.
The bill has the approval of the Departments of War and Agriculture, as will appear by the annexed House Report No. 837, which is made a part of this report.
(House Report No. 837, Seventy-first Congress, first session)
The Committee on Interstate and Foreign Commerce, to whom was referred the bill (H. R. 9989) granting the consent of Congress to the State of Minnesota, Le Sueur County and Sibley County, in the State of Minnesota, to construct, maintain, and operate a bridge across the Minnesota River at or near Henderson, Minn., having considered the same, report thereon with a recommendation that
The bill has the approval of the War and Agriculture Departments, as will appear by the letters attached and which are made a part of this report.
WAR DEPARTMENT, February 26, 1930. Respectfully returned to the chairman, Committee on Interstate and Foreign Commerce, House of Representatives.
So far as the interests committed to this department are concerned, I know of no objection to the favorable consideration of the accompanying bill, H. R. 9989, Seventy-first Congress, second session, granting the consent of Congress to the State of Minnesota, Le Sueur County and Sibley County, in the State of Minnesota, to construct a bridge across the Minnesota River at or near Henderson, Minn.
PATRICK J. HURLEY,
Secretary of War.
DEPARTMENT OF AGRICULTURE,
Washington, D. C., February 25, 1930. Hon. James S. PARKER, Chairman Committee on Interstate and Foreign Commerce,
House of Representatives. DEAR MR. PARKER: Careful consideration has been given to the bill H. R. 9989, transmitted with your letter of February 18 with request for a report thereon and such views relative thereto as the department might desire to communicate.
This bill would authorize the State of Minnesota, Le Sueur and Sibley Counties, in said State, to construct, maintain, and operate a free bridge and approaches thereto across the Minnesota River at or near Henderson, Minn. The location indicated for the proposed bridge is not on the system of Federal-aid highways approved for Minnesota. However, the bill is without objection so far as this department is concerned. Sincerely,
R. W. DUNLAP, Acting Secretary.