Evening journal., 1911-05-29
BOND ISSUE
WILL Be TAKEN
City Explains Away Objections
and Money Will be Paid
This Week
buYERS TALK TODAY
ON THE SUBJECT

Everything will be all right
think, and the money will be here by
nither Wednesday or Thursday" said
City Solicitor Brady today in discuss
Ing the objections Of Hawkins Deia-
fed and Longfellow. attorneys for
Kountze Brothers, of New York. to
accepting the city bonds recently is
sued to them in the sum of S395,OOO
Mr.. Brady said he was in commun-
lcation with the attorneys for the
lond buyers over the telephone this
morning and they assured him( after
G had explained away certain 'objec-
lions that everything looked all right
md that he would hear from the firm
Pm Wednesday, Decoration Day being
legal holiday and their Offices
tlosed.
With city solicitor when he called
Kew York by telephone was James
Zane. chairman Of the city finance
committee of City Council. Mr. Kane
lad worried look. but Mr. Brady
was sanguine that the money for the
bonds would be forthcoming this
week.
Among the objections. II Is said. by
he attorneys to taking the bonds.
ras that there was some defect in
The legislative record showing the
lassage of the act empowering the
tity to Issue bonds to the extent Of
10000 in any one year without "A
referendum vote. Mr.. Brady said to-
lay that the New York attorneys We're
tatjsfied that this act was now right.
'rhe attorneys for the bond buyers
wanted a certificate from the Secre-
,ary of State to this eject, but Mr..
3rady told them that he would know
more about these acts than the Sec
letary Of State.
Another objection in the letter sent
by the attorneys to Mr. Brady that the
entries i'm the House journal do not
conform to the entries Of the Senate
Journal, as certified by the clerk of the
Senate, which it is stated shows the
receipts of the bill after the passage
IN the House on March 21, 1911, which
Eas three days prior to its actual pas
gage I'm the House.
With respect to this Mr. Brady said
hat the mistake in the dates was SIM
ply clerical error and did not enecl
he legality of the acts legalizing the
present administration or its acts. He
said he had not yet learned who made
The error.
Mr.. Brady said the attorneys FOL
Kouptze Brothers waived the objection
to the effect that the ordinance does
not fix the date of the bonds. Mr.
Brady said he informed the bond buy
ers that this had never been a Gus
tom here.
Mr.. Brady said the attorneys alsC
agreed to accept his certificate giyins
the acts affecting the city of Whining
ton or municipal corporation general
Iv. and stating that no acts OF suci
character were passed except those o
which It gives the titles.
Nhat Rejection Means.
Rejection of the $395,OOO bond is
sue because of legal flaws woul'
leave Wilmington in serious posi-
lion for the next two years in the wa,
of public improvements unless
special session of the Legislature
should be called to enact Legislation
To- validate a bond issue and remove
the obstacles.
On the bond issue depends whether
street paving IN the various Wdfu'
shall be resumed, and on it also woul'
hang the acquiring Of additional liant
for parks and Fairgrounds through
out the city.
Port of the bond issue is for parl
purposes and part is for street ant
sewer construction purposes, and en-
tirely apart from the regular appro
pristion to the Street and Sewer AM
Park Commissioners. Comprehensiv
plans for street paving have been he'll
up nearly two years now because o
city administration being declared il
legal and bond issues thereby boin
invalidated, and the rejection of tn
present bond issue would mean n
money for extensive street improve
ment and paving operations through
out the city.