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Iron County News
Hurley, Iron County, Wisconsin
What is this article about?
City council unanimously adopted a resolution to purchase the local water utility from the Ironwood & Bessemer Railway and Light Co., issuing bonds for funding, and voted to borrow $5,000 from banks due to financial straits and depleted treasury.
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Without a dissenting vote the resolution providing for the purchase of the local water utility from the Ironwood & Bessemer Railway and Light Co. and the issuing of bonds to raise money to help pay for the same was adopted at a special meeting of the city council held Tuesday evening.
The council voted to borrow $5,000 from the local banks to tide the city over until tax money begins coming in. The city is in straitened circumstances financially, the treasury being depleted,
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Domestic News Details
Event Date
Tuesday Evening
Outcome
resolution adopted without dissent; bonds to be issued; $5,000 borrowed from banks
Event Details
Without a dissenting vote the resolution providing for the purchase of the local water utility from the Ironwood & Bessemer Railway and Light Co. and the issuing of bonds to raise money to help pay for the same was adopted at a special meeting of the city council held Tuesday evening. The council voted to borrow $5,000 from the local banks to tide the city over until tax money begins coming in. The city is in straitened circumstances financially, the treasury being depleted