The Montgomery advertiser., 1902-02-18
TALKED ABOUT BONDS
VIKING PROBLEM AGAIN BE
 FORE THE COUNCIL.
All Bids Rejected and Mayor and Finance Committee Instructed to Get Best Price--McIntyre
 Makes Comparisons.

The vexing problem for selling $75,0oO oi general improvement bonds again en' | gagged the attention of the MontgomerS | City Council last night and for more thal | osition by Alderman Cheney to author l ize the Mayor and Finance Committee te | sell the bonds on the best terms provid, | ing not less than premium or $aoo anC accrued interest be accepted.
 This resolution was presented to the | Council after report by the Finance | Committee rejecting all bids for the l bonds, recently opened, had been aoopteo 1 The resolution was adopted after splr, | ited discussion and an effort on the part | of Alderman Roeder to have the t1nance Committee ascertain the best price II could get for the bonds and report the same to the Council.
 Finance Committee, through Alderman Kohn, reported on the bids for the bonds which had been referred to it. The com mittee recommended rejection Of all bias and the report was unanimously adopted Later in the evening Alderman Cheney submitted the following resolutions: Resolved, by the City Council of Montgomery that the Mayor and Finance
 Committee be and are M nsre5y nensa auenor'T1o n'a provement bonds authorized by recent ordinance any by an act Of the last Leg islature, on the best terms they can gel
 provided the same be mot, not less ;ntereat, rnan
  Alderman Mcintyre offered an amend ment fixing the premium at H 900, but the amendment was promptly tapleo. Considerable discussion followed. Alder man Mcintyre reviewed the history oi the effort to sell the bonds He said there had been much talk of the failure or the Council to award the bonds to certalI persons and the action of the Councl | had been referred to with some nlppancy: | He made a comparison of the work oi the Council and the work or the flnance | Committee and showed that the Council | had saved the city considerable money | by not disposing of the bonds tarier | If they had been disposed of eight or | nine months ago as was desired by the | Finance Committee. he said, they would have been bearing 1-2 per cent interest | and consequently the Council in acting conservativelv had saved the clty solne- l thing like $2.500.
 Alderman Rushton said he thought Al derman Mcintyre ought to wait until | the Council got out of the woods before | he began to crow. The bonds. he said | had not yet been sold and until they | were sold and the money was in hanc | he was unwilling to concede that the in- | sistency of Alderman Mcintyre for delay was correct. l tute a resolution instructing the Finance | Committee to ascertain the pest price | that could be secured for the bonos ana | to report the same back to the Councl The substitute was lost by the follow 1 ing vote: ,. | Mcintyre, Roeder-6
 Navs-Fleming, Cheney, Farley. Hart lev, Haygood Kohn. Rushton, Toole-s The question then recurred to the Che ney resolution and it was adopted by the ! following vote;
 Ayes-FIeming. Cheney. Farley. Gunter
 Hartley, Haygood. Hudson, Kohn, Rush ! ton. Toole.-10.
 Navs-Anderson. May. Mcintyre. Roe | der-.
 And the bonds will be sold at the best
 ] terms which can be made