The Birmingham age-herald., 1914-04-19
ENTIRE S2OO,0OO OF BOND ISSUE WILL BE USED FOR BUILDING Many Ways Devised by Which Site for the
 Auditorium Can
 Be Secured

It now seems certain that the new audi
 forum to be erected in Birmingham will
 cost s2o0,0oO the entire proceeds from the
 auditorium bond issue recently voted by
 tbe people and authorized last Tuesday
 ty the city commissioners. Leaders in
 the auditorium movement state that there
 have developed many and sundry ways
 by which site can be acquired with
 out using any of the s2oo,0oo from the
 bonds for that purpose.
 President Paschal Shook of the Cham
 Ter of Commerce and H. K. Miner, chair
 man of the chamber auditorium commit
 tee, yesterday conferred with City Att
 torney Romaine Boyd regarding the fil-
 ing of a. bill for an injunction against
 the ordinance authorizing the bond issue,
 the step necessary to throw the case into the courts and get tho desired decision
 es to the validity of the bond issue. Mir
 Shook stated yesterday that Sydney J..
 Bowie chairman of the legislation com
 mittee of the chamber had agreed to
 draw the bill for an injunction and 1t
 would be filed in chancery court early
 next week in the name of some taxpayer
 whose identity has not yet been decided. MT. Boyd will immediately prepare his demurrer to injunction and 1t is believed
 the court will give a decision in a day or two There will be no attorney s
 arguments, probably either in the lower
 or higher courts, as the only question Involved is one of law, there being no dispute as to facts. With the decision
 iii chancery court the case will be ap- ipealed to thefstate supreme court, where
 il is believed it can be made preferred case and decision handed down before ,. the adjournment of that body for the summer.
 j T have become thoroughly convinced
 that the best way to secure a site for
 the auditorium is to rent one, said :. President Shook yesteroay. 'I do not :. believe there would be any trouble in renting site >on per cent valuation Basis on long term lease. This would be just the same thing as an additional Dc nd issue to pay for the site, for bonds
 would draw per cent interest. Not orly that but with a bond issue some provision would have to be made for the retirement of the bonds themselves i,which we will not have to contend with fin a rent property. I have talked to .:inany persons. who agree with this view. II have received an offer from an out-of- town party, who states they will author ize me to purchase any site in the city desired for the auditorium and then rent it to the city for 99 years at per ..cent of it's value for a rental fee. I believe, they would do the same thing flor per cent and know there are many local people who have property which :.tliey wish to develop who would rent a piece of 1t to the city on a '99-year lease ..cn 5<per cent valuation basis.
 ..' An option to purchase at intervals of 1w, IL l. ..cured in the same kind Of deal. am sure. There Is no longer any doubt In .'fny mind but what we are going to be able to put the entire $200,000 into a build ing itself.- which will give us one of the best in the entire country. As soon as we get decision from ;ne supreme court, (which. of course, we all believe will be favorable, and will uphold the validity ot the bond issue, then we will negotiate for site and begin construction