Mamoth Water Deal Transcripts 1932-1939

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TRANSCRIPTS ON THE MAMOTH WATER DEAL • , august ' 16, 1932 The reason of this meeting was to discuss , a letter of proposition which was: presented to the Board by W. H. , Bashor in regards to a certain water right, 150 acre of direct flow 200 acre of storage right in what is known as Mamoth Gulch _ in Gilpen County. After two and one half hours of -discussion a motion was made by James Ferrari seconded by Ellsberry that we accept W. H. 4ashor proposition tentatively upon the price and terms proposed by W. H. Bashor for- a water supply and all necessary ditches and works and water rights and easments and storage rights with the source of water from the western slope subject to the selection by the town of it choice of sights for storage as between the different one porposed and subject to the making of contract containing all the details necessary to vest such rights and 'properties in the town and the terms of payments. , August 19, 1932 Mr. Edward Affolter',prepared and read the contract for the water system which the town Board is investigating after some discussion a motion was made by Joe Ross seconded by James Ferrari that the contract with W. H. Bashor as prepared and laid before the board by the Town, Attorney Edw. Affolter be app. roved and the Mayor authorized execute the the samd in behalf of the Town under it esealand draft -being rewritten to correct type. ographical errors and filing of blank space from data to be furnished by, Mr. ChatfiO'ld and the inclusion of statement of one , year liability on the Bond provided therein and the necessary witness elause upon rol call. Five for and none against one absent. - after consulting the Town Attorney and some of the Town Board members the. Mayor and Clerk advanded W. H. Basher $300.00 on the water propesition. Sept. 26, 1932 The first matter that. came Before the Board was Ordinance No. 172. An ordinance authorizing the creation of an indebtness upon behalf of .and,4estmlatie-e#.estle-e -14eupon the credit of the Town of Louisville and the issuance of sale of its bonds for the purpose of acquiring and additional supply of water for its municipal uses and the use of its inhabitants and to enlarge and extend its water system and increase its water storage 2acilities. Mr. Affolter stated due to'- the fact that it might be impossible to find enouch people to buy 15 one, thousand bonds and there might be a possibility that we may have to reissue the bonds. If the one thousand were not sold. He thought it advisable to draw up bonds c for $500.00 each and read the ordinance. rt was moved by Gutfelder seconded by Stevens- that weladopt ordinance No. 172 and have same published in Louisville mese upon roll call stevens aye, Ellsberry aye, Jenkins aye, Ross aye, Ferrari aye, and Gutfelder aye,, The mayor declared the motion carried. /1, statement from the Board that the Board of trustee of the Firemen pension fund have expressed there desire to purchase' up to Three atusand dollars of water bonds about to be issued by:the Town and e willing to adbance the sum of Two thousand' dollars prior to the issuance of the bonds to apply on the 'account of the contract of W. 'q. Bashor to wnable him to make payment to his contractor on account. Water bond to be delivered to, such beard when issued. It was maove -by Stevens seconded by Ferrari that the Town Treasurer be directed upon receipt of such 020000.00 from Firemans' Pension board to dispose of same as follows pay to the First State Bank _ of Louisville, Colorado the principal of $400.00 of W. H. Bashor note to It and accrued interest and ,accordance with Its order' to , Ny- ,:-• •- ,..--