North American Royalties Supports City's Water Move.CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Jan. 19, 1999--Gordon P. Street, Jr., CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Royalties, Inc., the parent company of Wheland Foundry, announced today his support for Mayor Jon Kinsey Jon Kinsey was mayor of Chattanooga, Tennessee from 1997 to 2001. During his mayorship he is remembered primarily for his role in unsuccessfully trying to buy Tennessee-American water company, which provides the majority of water to Chattanooga. and the Chattanooga City Council's decision to acquire the Tennessee-American Water Company. Tennessee-American is owned corporately by American Water Works Company, Inc. (NYSE NYSE See: New York Stock Exchange :AWK (Aho Weinberger Kernighan) A Unix programming utility developed in 1977 by Alfred Aho, Peter Weinberger and Brian Kernighan. Due to its unique pattern-matching syntax, awk is often used in data retrieval and data transformation. ) of Vorhees, New Jersey. In a prepared statement Mr. Street said that he had reviewed all publicly available information and that he believes the acquisition is an important step towards improving economic development in the city. "Wheland Foundry is one of the largest water users in Chattanooga," said Mr. Street. "Under the current relationship with the New Jersey Company, water rates have never been competitive. In addition, the current arrangement impacts the city's ability to be competitive and attract new industry." Mr. Street said that the city has personally assured him that under city ownership, the water utility will be run at the highest level of efficiency and that immediately after the city takes control water rates will drop. "It's simply the right thing to do for the citizens of Chattanooga," Mr. Street further stated. Founded in 1866, Wheland Foundry is the largest independent producer of gray iron automotive brake castings in the US, with almost half of all cars and light trucks built in the US containing one or more Wheland-made castings. Wheland currently employs more than 2,000 people in Tennessee and Georgia. The City of Chattanooga has taken several key steps towards the acquisition of the assets of Tennessee-American system used to provide water service within the City of Chattanooga. By unanimous vote, Chattanooga's nine-member City Council has given the Mayor the authority to acquire TAWC TAWC Tactical Air Warfare Center (USAF) , either through a negotiated purchase or through exercise of the power of eminent domain eminent domain, the right of a government to force the owner of private property sell it if it is needed for a public use. The right is based on the doctrine that a sovereign state has dominion over all lands and buildings within its borders, which has its origins in . Additionally, the City Council has appropriated $750,000 for consultants and legal fees associated with the acquisition. Two weeks ago, the city issued requests for qualifications. Requests for proposals will be sent out in mid-March. The City's plan calls for competitive selection of a private contractor to operate the system. |
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