The Montgomery advertiser., 1907-06-18
CONDITION OF CITY FINANCES Subject of Discussion by
 Aldermen. MAYOR WOULD RAISE TAXES Suggests Increase in Rate from l 1-8 to 1 IA Per Cent. Detailed Estimates of Probable Income and Expenses of City for the
 Coming Year Submitted
 By Treasurer.

tion of the City Council last evening | and that took up some of the discuss sion in the session concerned the finan- cial straits of the city and methods | proposed for their correction. The first
 was Mayor Teague's message to the
 Council accompanying that the, tax to the effect that provisions be made | by the fathers for the redemption of the
 outstanding coupons of the bonds of the
 City of. of Montg1,mer,gs I;,, ,soy which mature on
 The resolution effecting the latter
 matter was introduced by Alderman
 Lobman. chairman of the Finance Com That the Mayor be and Is hereby
 tract with such of the banks of the
 chase the outstanding coupons of the bonds of the City of Montgomery ma :.
 turing July l. 1907, binding the City of | of eight per centum per annum and all
 the City of Montgomery, maturing July at par by them before January l, 1908, | until said coupons shall be taken up by
 tho city, which osa shall note be later Aldermen Lobman insisted that the
 in view of the fact that the lateness
 He stated to the Council that the Mayor had been in communication with the banks and that a conclusion had actions of the fathers in passing upon the resolution. Several. of the alder l men objected to the railroading of the measure through but upon vote 1t was passed by twelve ayes and one mo-. Alderman Lobman later introduced an ordinance authorizing the Mayor to for the said amount payable January six per cent. No exclamation was of alderman, and upon his own request
 nance Committee to be reported upon Mayors Message to Council.
 tive to the Increase of the, tax rate, which was also referred to the Finance Montgomery. Ala. June17, 1907.
 ''ro the. Honorable City Council of
 "GeDtlesmen'gThe aothlssomeyTih conditions that confront. us at this time demand that
 the receipts of the city must be in
 solution of this state of affairs is to
 SIPS; L.,
 provements nesessly and ths rapld spoh % of
 our city must not be overlooked. and
 we cannot hope to keep to the fr9nt
 mands arise. While, to some. this in crease of one-eighth of one dollar may seem hard, 1t would not prove a great burden upon any citizen, but would | materially benefit the city The fact | that the taxable value of real estate | and other propert- in Montgomery IS | SIS, 900, 900, and that an increase of one- | eighth of one dollar on this amount would amount to only $22,500, tends to verify the foregoing statement.
 "The improvements found necessary | in the recently acquired territory of | the city has incurred an extraordinary | exnense upon us, and from all indi- | cations our expenses will continue to | increase.
 | of the City of Montgomery, when they | consider the future of our beloved city. will approve your favorable action on F'Yours very truly
 | w. M. Teague, Mayor" Estimate of Expenses,
 The Finance Committee. as pei reso- | lution passed at the last session of the | Council, reported upon the Treasurer s | estimate of the moneys needed to run | the city during the next fiscal year of | 1907 7-190s. The treasurer's report was | as follows:
 General expenses to run the
 city from October l, 1907.
 to October 1. 1908. ...... $3S0, 900 | Due to banks ............ 35,000
 Dillon & Hubbard '...:...... 2,500 I