The Cairo bulletin., 1911-08-04


IONS, and Aldermen Greaney, Mag
her. Cannon, Kelly, Nicholson
Flack, Burke, Saup, Fandree ant
Hurd.
His Honor stated that the first
business In order was report from
the City Hall Committee, which was
presented by members of the com
| mittee present, and 1t was read BY
| clerk as follows:
Cairo, Ill, Aug. 2, 1911.
To the City Council of the City OF
Cairo, Illinois,
Gentlemen Your special commit
tee selected under resolution OF
your Honorable Body to investigate
the matter of the erection of city
hall, respectfully submits the fol-
lowing:
The committee has had several
meetings and has considered the
various questions necessarily in
yolyed There is urgent need for Q
city hall The city's streets have
in recent years been greatly i'm
proved, a much better class of
buildings has been erected by the
property owners generally, and In
many other ways Cairo has materi
ally advanced 1t is high time the
city had building of its own. suit,
able for the transaction of its bust
ness in all of its departments and u
harmony with the spirit Of improve
ment which has prevailed In the
community during the last few
years
The County Clerk has furnished
us a statement showing that the AS
sessor has fixed the assessed value
for the year 1911 Of the personal
property, lands and lots in the city
at a total of s3.381,70S00 and also
showing that the assessment on rail-
road property and other corporate
property, not yet assessed for 1911,
amounted to s165,990.oo for the
year 1910.
The assessment for the year 1911
upon the property in the city ha!
not yet been passed upon by the
| Board of Review. It's work will
probably not be completed for some
lweeks. The State Board of Equaliz-
ation will not until this fall finally
determine how the valuations are to
be equalized. The assessments upon
RAILROAD property and capital stock
of corporations have not yet been
made by the State Board of Equaliz-
/ alton, consideration of the pos
sible action to be taken by the
Board of Review and the State
Board leads US to the conclusion that
the assessed value of all the prop
erty in the city for the year 1911
will amount to at least $500, 000.-
100 The constitutional limit of in
debtedness which any municipality
in Illinois may incur is five per cent.
of the assessed value of the property
therein. The limit of the city's in
| debtedness, therefore, would be five
| per cent on the approximate sum of
So, 800, 100000, or $175, 100000.
/ We have been informed by the
Lefty officials that the present bond
ed Indebtedness of the city amounts
to $62, $4,000 and that there is no
other Indebtedness at this time. The
anticipation warrants payable out of
the taxes already levied by the city
for the year 1911, to be collected in
1912, are not required to be treated
as an Indebtedness During the
months of September, October, No.
vember and December of this year
however, the city will have to go in,
to debt for its running expenses
| which expenses will, as the commit
tee is advised, amount to abou
100000 a month, or S6,000.0
for the four months At the enc
of the year the city will have an in
debtedness of something less thar
100000 The city will be in pos
ition at any time during the remain
der of the year 1911 to incur addi
tional Indebtedness amounting Il
, the sum Of at least $75,000.00. Dur
, ing the first few months of mex
. year the city could legally incu
. still other Indebtedness because tn
expenses for the last few months O
his year will no doubt, be full
paid out OF the revenues TO be re
ceived for licenses in the early par
Of the year 1912. That Is, durin
the first few months Of 1912 tn
1 city's Indebtedness will be for TIL
. bonds now outstanding. amountin
1 TO the sum OF $62, $50 90.
Your committee, therefore, r.
!. spectfully recommends that the lot
+ in Block 40, just north of the pos
/. office property, which are not a
!, ready owned by the city, be az
I 1uired; that steps be taken to ere,
!. \ city hall and jail on this blocl
IL which jail shall be in separat