“…the Water Works Company has purchased the Van Natta mill property…as we were advised by our engineer that it was particularly desirable for power purposes, in connection with the proposed extension of the works on East Hill. As is known, there has been a growing demand on the part of the population of East Hill, for a water supply for both fire protection and domestic purposes, and it is in view of the purpose of the company to prepare to furnish this supply when satisfactory arrangements can be made with the city, that we have acquired this property.”