The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-06-04
WORK Of COUNCIL
IN RECORD TIME
To Fight North Birmingham
Bond Issue Sale
SEWER BOND ISSUE SOLD
Peoples and First National Banks Get
Plum Over ONeiI's Opposition.
Mayors Mountain Terrace
Veto Sustained.
SEWER BOND ISSUE SOLD

| The City Council was in session for an
hour last night. Perhaps the most I'M
portant action was the adoption of reso-
luton instructing the city attorney TO en-
| ploy every means to prevent the sale or
| disposal by any other means OF the North
Birmingham 100000 waterworks bonds.
| This was the councils answer to a re-
quest on the part of the North Brming-
| ham Mayor for a commission to discuss
the matter and report. The council was
unanimously against the issue, claiming
that Birmingham could not shoulder the
debt in October of next year.
The council also accepted the bid of the
| First National and the Peoples Savings
banks for the purchase of the Birming-
| ham sewer bonds. Despite the fact that
the suburbs are selling bonds for as low
as 81 cents, these local banks agree to
take them at par under exactly the same
terms that Birmingham was unable to
better, even in good times. 1t is claimed
that should the city wait for a premium
her financial conditions might be worse
and the chances of selling even at par
would be lessened.
Here is the agreement which was
| adopted:
| The City Council of Birmingham:
| Gentlemen-Represen the First Ma
! tional bank and the Peoples Savings
Bank and Trust company, 1 hereby make
an offer for the $4Oo,OOO of sewer bonds is
sued by the city of Birmingham, subject,
however. to the approval of the boards of
directors of said banks, as follows:
We agree to pay par and accrued inter-
est for bonds; 100000 of bonds to be de-
livered on September 1, 1908, and 100000
to be delivered on the first of September
Of the years 1909, 1910 and 1911.
1t being further agreed that the city
will furnish us, without cost to us, the
opinion of Messrs. Dillon and Hubbard of
New York, as to the legality of the bond
| issue The bonds are to be steel engraved
in such manner as to comply with the
rules of the New York stock exchange.
Provided, further, that in the event the
city of North Birmingham should dispose
| of any part of an issue of S. 100000 of
bonds before becoming a part of the city
right to refuse to take any of such sewer
bonds except 100000 to be issued on Sep
TENDER l, 1908.
| 1t Is further understood that If both
I parties agree that the money should
be furnished before the above mentioned
dates, the same shall be done, it being
agreed that the price shall be par and ac-
crued interest at any time the bonds may
| be issued.
1t being further understood and agreed
that the proceeds of said bonds, when de-
| livered to the city, shall be deposited pro
rata with both banks, without interest,
and only to be checked pro rata, or used
in the actual construction of said sewers.
Yours respectfully, HENRY B. GRAY.
Miscellaneous Actions.
The veto of Mayor Ward was sustained
unanimously, thus holding up the forma-
ton of the Mountain Terrace annexation
| into a ward until after Avondale acts at
the polls today. The Norwood pavement
question came up again, and the action of
the special council meeting held last week
was ratified. The original Norwood reso-
luton without the assessments cuts ap-
| pended follow:
Be it resolved by the City Council Of
Birmingham as follows:
| That the city treasurer is hereby au-
| thorized to settle assessments under i'm
provement ordinance No. 1923 at the fol-
lowing figures, 1t being understood that
| interest shall be paid by the property
| owners on the reduced amounts from the
time of the final assessment. 1t being
further understood that the several prop
erty owners in order to obtain the benef.
of this offer shall accept the same
promptly.
The council voted 500 to Chief Ben
nett for the purchase of decorations to
be used in the reunion parade The chief
will see that the apparatus is beautifully
decorated for the occasion An ordi-
nance was passed regulating the use of
| the city hall by the National Guard The
| council is determined to put a stop 10
the noises and trouble said to be caused
by the military boys, and has formulated
| set of strict rules which are to be en-
| forced by the police court
| With a no uncertain voice the alder
men ordained that food, candy. cake. MES
and everything displayed for sale of like
nature must be carefully covered over.
| that kitchens, restaurants, slaughter
pens, carts carrying goods, and every
place where flies can reach food must be
! screened with closely woven wire under
| penalty of a heavy fine.
Two ordinances were introduced for
| passage at the next meeting, the one
providing for the purchase from the Bir-
mngham Realty company of four lots on
| Avenue G and Thirteenth street at $4,000.
in order that future additions can be
made to the Ullman school; and the
other providing for the annexation of
East Birmingham territory to Birming-
ham, and inviting the voters of that dis
trict to come in.
Here are the committee reports:
Finance Committee.
Present: Aldermen O'Neil Heidi, Bur-
nett, Hogan. Klotz, Jones, Estes Absent
none.
Alderman ONeill, chairman of the