The Montgomery advertiser., 1906-05-22
 TO ISSUE
 MORE BONDS Council Will Ask People for Money. {. WATER AND THE CEMETERY Election to Be Ordered for the
 Authority. City Fathers Transact Mass of Busi- ness at Reguar Meeting- Mir. Foster Wants
 New City Hall.

By ,. vote of twelve to two, the City Council last night passed a resolution election to decide the question of issu- ing city bonds to the extent of $35. 600 to cover the cost of Improvements in extending the water works system. and the purchase of new cemetery.
 The resolution came to the Council as the unanimous opinion of the Fi- result of a communication addressed to the administrative body from the mayors office. and referred to them at reeomm sndation that the 'eee election s be be called, it was further recommended that a sinking fund be provided for ch ss Seads and m t shat this sinking aahS Bonds" now being issued by the city to cover the cost of sidewalk and street
 Acting Mayors Message.
 The letter. which bears the signature or Gaston Gnnter. acting mayor at the time 1t was presented to the council,
 Office of the Mayor.
 .~ Montgomery. Ala, May ', 1906. :. To the Honorable City Council of "Gentlemen;-In view of the fact that the city has expended, or Is about to expend, something like the sum of S35,oO0 over. and above the proceeds of the issue of water works bonds in ex- tending the waterworks system: and that large sum of money has been expended in the erection of fire sta tfons and purchase of fire apparatus and also In making permanent im- proven snts, such as the building of storm sewers on South Decatur street and elsewhere; and the opening and grading of streets: and that the City Council contemplates making extensive Improvements, such as the drainage of North Montgomery. and the straighten- ing of Genetta Ditch and improvements oro or like kind; and the purchase and i'm; buiiding a Wharf; ew snd y fnrtbeTy tbat Inf there has been an annual deficit of large amount caused by charging ex- penditures for permanent improve nents to current expenses would respectfully recommend that your hon. orabie body pass suitable ordinance calling for an election submitting the question as to whether or not bondi shall be issued to pay for such in provements that have already been made, and to pay fir such improve ments as are contemplated. and to cover the cost of extending the water works system and tn purchaese of
 T would further recommend that sinking fund be provided for such bonds, and that this sinking fund be invested in the six per cent Baby Bonds now being issued by the city to cover the cost of sidewalk and street paving.
 Respectfully,
 
 Acting Mayor"
 Notwithstanding that this commu- ance with 1t, was made with the rec ommendation of the Finance Com mittee,. spirited opposition to the. meas ure developed on Che part of Alderman J C. Tyson. His objection to the meas ure was that it is bad business pol icy to pay money through the obliga-
 President of the Council Gunter, speaking. from the floor In support of incurred an indebtedness of $35, ,000 in carrying nthe water works exten- sion. This improvement he pointed is expected to be a benefit to the city during a period of fifty or sixty years r. sinking fund is established to take care of this debt. he urged. the city would benefit by it. The same state ment applied to the cemetery fund. During the last two years" he said amounted to $62.000. This has been caused by the fact that during theat period we have inaugurated many, nm but which willebenefit the city for many years to come. The proper way to provide for the payment of these pay for them during the length of time the city beenfits by their cause" He on { per cent interest, and invested so as to bring six per cent, the profit from the investment would In time pay for the cost of the improvements. Alderman Lobnaan, following Mir. Gunter, declared It necessity to es- tablsh a sinking fund.
 city's indebtedness" he declared, "eith- CT by increasing the tax rate, or by the establishment Of a sinking fund The other members of the finance committee expressed similar views The vote on the question stood as follows:
 Yeas-Gunter. Cox. Foster. Coins Hudson, Lobman, Roemer. Ruth. Ryan, Nays-Tyson, A L., Tyson, J. C., Two other communications were re ceived from the Mayors office. One requested that the ordinance recently adopted, providing for the grading and 4 gravelling of Fielder Avenue from Court street to the Norman Bridge Poad. 4 be reconsidered. It pointed out that 4 the estimate of the city engineer for H this work amounted to $6.i55 and drew attention to the fact that the city treas < uPy is not in condition to bear this expense
 Another letter from the Mayor urged q that a request from Fire Chief Browder 2 that the membership of that department # be increased by the addition of one man to each of the steamer companies and one to the chemical company, be adopt 4 Fire Committee.
 One of the most important transae- tions of the evening was the passing of aggregate $SS,0Oo for the purpose of carrying on the water works exten- sion.
 Farley of the Council became i'll from an attack of vertigo. and was removed E to his home in a carriage.
 The Meeting Begins.
 The business of the evening was set in motion by Alderman Lobman of the