Alma record. (Alma, Mich.) 1878-1928, 1906-10-03
FACTS CONCERNING BONDING PROPOSITION
Plain Statement of Facts Presented By the Board OF Trade
For the Consideration of Every Taxpayer in
The City of Alma

( this according to his means or abil-
ity to pay the same, or according to
his property interests in our city; on
such basis his benefits are in proper
tion to his interests and his burden
according to his ability to pay it.
For these reasons bonding cities
for such purposes has been the meth
cd resorted to by our neighboring
cities to obtain the money to encour-
age such work 1t has the great adj
vantage in addition of making the
future citizen and his property in
vestment here obtained by its use,
bear his just proportion in its repay
ment as such bonds mature. In this
direction it has been repeatedly dem
onstrated that the increased assessed
valuation of our cities caused by such
encouragement in securing factories
has really and in fact decreased the
lrate OF taxation instead of increasing
it. This is exactly what we believe
it will do for Alma if the money is
judiciously and honestly employed
for such purpose.
Our entire membership at a special
meeting of the Alma Board of Trade
unanimously, by standing vote, rec
commended this course to the voters
Of this city, Pursuant to such recon-
inendation the city council has called
special election to be held Oct s,
1906, next Monday, for the purpose
of securing the approval of our cleo
torate The question therefore to be
voted upon is really, will you author
ize the city to issue $2O,OOOoO in park
bonds to be used for the purposes of
promoting the public welfare of this
city and of its people? This Board is
very anxious to have this proposition
carry There are men with capital
now seeking admission to our beauti-
full city. They only ask what other
cities and communities are offering.
We can not solicit them; we can not
expect them 10 locate here, without
meeting the reasonable inducements
of other places Nor will they. 1t is
therefore up to you, the electors of
Alma Will you stay the hand of
progress? VIII you turn the dial back
ward by your vote election day? You
can not without endangering your city
and its future, and with it yourselves.
The use of this money, if voted, will
be entrusted, we believe, to our Board
1t is our purpose to so use it that no
possible loss can result The title to
all lands and buildings appropriated
to factories should be retained by the
Board until the specific conditions in
the contract with it are performed.
There is no necessity for chance or
OF loss or danger. 1t is the natural
trustee for it. In its use every mem
Der will have a vote From our mem
bership no one of our citizens has as
yet applied for admission and been
refused You are welcome This
money will be sacred trust in our
hands 1t will be honestly and wisely
expended to distrust it is to discredit
ourselves Our use of it will be made
public information to all
The issue of this election is there
fore simple 1t is not, will we use
these bonds for this purpose or for
that2 Some discussion OF a specific
purpose has been INDUCED in This
is not german to the issue. The
question is, will you vote these bonds
for use OF our Board, to enable it to
procure desirable manufacturing en-
tevpriscs for,or city and with it de
sirable men with capital to assist TO
develop, improve and bcautify our
city and advance the value of our
property our business and our homes.
We invite cooperation with us to
this end by ALL and we truly believe
we should and will receive IT,
Respectfully.
THE ALMA BOARD OF TRADE.