HYDROLOGY OF NEW YORK 



525 



the j)lans and provisions of the act, with a permanent water sup- 

 ply from the State catchment. The amount to be paid per unit of 

 water for such supply.should be included in the report. 



Xo street distribution mains, or other apparatus constituting 

 or directly pertaining to the internal distribution system of any 

 municipality should be constructed by the State, -but main con- 

 duits only, terminating at the boundaries of towns. The main 

 supply system would be under the control of the State water sup- 

 ply and sewage disposal board. 



In case the electors of any municipality should decline to ac- 

 cept the plan proposed at the election, the municipality should 

 be at liberty to renew its application at any time after a year, 

 requesting the State board to present a different or modified 

 plan, but it should be optional with the board whether to present 

 such modified plan or present the one previously proposed. 



The State board should be empowered to issue bonds which 

 may be denominated water and sewage disposal revenue bonds. 

 The body of the bond should contain a declaration that the 

 security therefor was the annual payment collectable from the 

 municipality, together with the stipulation that a sinking fund of 

 one per cent per annum should be invested and held in trust for 

 the final redemption of the bonds. The bonds could have fifty 

 years to run and should not bear more than 3y 2 per cent interest. 

 The annual payments of the several municipalities, to meet the 

 interest on the bonds and provide the sinking fund, should be 

 assessed by the State water supply and sewage disposal board 

 each year in proportion to the quantity of water used by each 

 municipality and the special expenditure incurred on account of 

 such municipality. The moneys collected would be returned to 

 the State Treasurer and by him deposited in the treasury as a 

 pledge for the security of the boncfs. Provision should also 

 be included for the collection in rase of a default by any 

 municipality. 



The act should provide for furnishing water to private com- 

 panies which already hold franchises for supplying any city or 

 town, but it should not be furnished to any such private company 

 at a less price than to a public water supply. The tendency of 

 such an act would be to uniformity in price of water to all mu- 

 nicipalities accepting its provisions. 



