The Montgomery advertiser., 1906-06-03
BONDS FOR SELMA
FINANCE COMMITTEE HOLD AN IM-
 PORTRAIT MEETING.
Thoughht That DimcuIty of Placang Them On Market Will Be Over- come With Three Year Pro-
 vision Omitted.
Advertiser Bureau.
 H.I-H I.- (

Selma. June 2.
 The Finn<ce Committee of the City Council held a meeting in the council room at the city hall last night The purpose of tho meeting was the con siderine of the question of disposins or the city bonds which were ordered at recent election with which to purchase the present or erect and equip a new water works system for the city with the proceeds.
 The question of the city purchasing or erecting a new water works sys- tenn have proceeded very smoothly un- Ill the time came for the opening of the bids for the bonds which the city proposed to sell Then 1t was found that these bonds could not be dispos- cd of because there were no bids for them. Since then the committee which has the matter in charge have been working industriously and think that within the course of the next few weeks that the bonds oan be sold cas- fly
 Recently there has been received several very favorable replies from letters which have been written to fond dealers in the north and east. And these replies very readily explained why there were no bids for the issue of the $150.o0o of bonds a few weeks The clause in issuance of the bonds which gives the city the right to re- tire them after three years has been the hitch.
 The bond dealers are perfectly will ing to take the bond issue if they are made for twenty years straight. This length of time would afford them a good investment for their money, but with the right to retire the bonds after no investment at all and fer that reas- on no bids were made for them.
 At the meeting of the committee last night it was decided that this question should be taken up at the next meeting of tho city council. It Is thought that the council will very readily consent to this change. If this change is agreed to and the bonds are made for d period of twenty years, or probably a few years less. there will not Be much dif1cu1ty. IL Is thought. in disposfng of them. Four or five concerns, so a member of the committee said this morning, has sig nif1ed a willingness to take a block of the issue.
 The water works question is a aues- ton of interest to the citizens of sel- ma, and they will only be too glad to see the city become the owner of the present plant or to see 1t build a new system The prospect of this win be the case in a short while looks bright- CT and brighter each day and now 1t seems to he a certainty.
 The Memorial Services.
 The regular annual memorial ex- ercises of Camp Jones, United Con- federate Veterans. will be held to- morrow afternoon at the academy of music. These exercises are held each wear on the anniversary of the birth of Jefferson Davis, when the members of the camp who during the past year has answered the last muster roll are eulogized by their comrades who stiil five. The committee of ladies who have in charge the furnishing of music during the exercises have arranged an elegant and attractive program which will be rendered and the services will be largely attended. =
 The following committee from Camp Jones have been appointed to offer resolutions and euiogies on the mem bers who have died during the past year:
 On W. P. watts--George Phillips. C W Hooper and W. J. Rountree.
 On John F. Burns-H. s. Mallory and
 On Reese. D. aayle--F. D. Berry and c. B. Burns.
 On J. N. Hasselvander-E s. Starr, E P. Gait and J. T. Knowlen.
 On A. A. Broadway-W. R. Nelson
 On E. L. McKee-E. S. starr and w. R. Nelson.
 On st. John Tavei-J. T. Knowlcn, I T Babcock and T. B. Creagh.
 At the conclusion of the eulogies to the members of Camp Jones resolutions upon the death of General Joseph wheeler will be made A committee consisting of P. T. Vaughan, Major wTluam E. WaiIes and William R. Nelson having been appointed to write the same.