The Montgomery advertiser., 1904-09-20
WILL ALLOW NO OFFICE
 BUILDING ON COURT SQUARE

on said space of modern office build ing. second in point of design and fin- ish to none in the United States, as will be apparent from an examination of the plans which have been prepared.
 The proposition is as follows:
 First: They will remove the fountain from its present location on Court Square to any part of the city that the council may designate, and put 1t up in such new location and repaint the same, without cost to the city.
 Second: They will pay to the city of Montgomery an annual rental of ona thousand dollars, ($1 ,000) for a lease of said space for a period of ninety nine (99) years, said annual rental to be paid in semi-annual installments of five hundred dollars during the entire term of said lease. or in such other manner as the council may desire.
 Third: They will erect on said space a twelve story modern, steel construc- ton. fire proof office building, at a cost of not les sthan ane hundred and fif- ty thousand dollars, ($150.o00 0O0)
 Repeated efforts have been made, in behalf of these same capitalists, to se- cure a suitable site for the construc- tion in Montgomery of a modern office building. but 1t has been found to be impossible to secure such a site as they desire from private owners on reas- enable terms
 I respectively submit that if the city finds 1t has the authority to lease this space. an investigation of this propo- sition will conclusively demonstrate that the material interests of our city will be subserved by a prompt accep- tance of this proposition.
 It will be readily seen that this proposition means an additional rev. enue to the city of at least five thous- and dollars per annum during the term of the lease from the rental of said space. from increased taxes. and from licenses which will be paid by the oc- cupants of the building and, at the ex- piration of the lease, the land and the building thereon would. of course, re- vert to the city.
 This additional revenue to city would be sufficient to pay the annual interest on approximately one hundred thousand dollars. ($1oOOOo) of the ci- tvs bonded indebtedness.
 Aside from it's value to the city from the standpoint of revenue, and from the standpoint of enabling the city to offer attractive office accom- modations to our citizens and those who are desirous of establishing of- fices in the South. an examination of the plans will demonstrate to your body that this building will be the most artistics and ornamental fea- ture of Montgomery. and by reason of It's unique architecture, will tend to advertise our city far and wide.
 These capitalists stand ready to make any deposit, or to give any bond that may be required by the city, to insure the faithful carrying out of the Foregoing propsition.
 Respectfully submitted.
 George W. Jones. AS Chairman. Modern Office Building committee. Montgomery Commer- clal and Industrial Association.
 Fresident Mcintyre immediately re- sleiled his seat to Alderman Kohn. and ."oh me floor. T move at the outset " ne sald' that we reject this offer The thihe IS huge joke. The Council should not take up it's time consider ing this anonymous communication I want this Council to go on record bv tts acton tonight that while it is in charge or the city's government its breathin, z, places and it's parks. shall not be dis. turbed. Instead of doing as if is nro- posed here, we should now and forever dedicate Court Square for the nnb1ic good It would be better for us if we had to pay thousand dollars A vear for the privilege. instead of reoeiying 1t to keep Court Square for the public