The Alaska daily empire., 1915-11-29
ASK FOR BOND
 ELECTION

ne JNASdu AuuhiNAF~A NNeA~AA~- heve determined to ask Congress for authority to vote on the question of bonding the city for S1OO,00O for the purpose of securing money with which to build O new modern school house on the site of the present school house on the block bounded by Fifth and Sixth and Seward and Franklin streets. The plan to have the build ing erected by private corporation and leased to the school district In such Q manner that the rentals would finally pay for the building when 1t would become the property Of the schools again has been decided to be untenable.
 No fictitious arrangement could be made that would obviate the reality that the school district would be con tracting a debt" said a member of the city council in discussing the plan that has been proposed for the school authorities to give a lease on the school site to private corporation which would borrow $75,OOO or more if needed to build school building If the transaction were genuine one. the lease price. in order to pro- vide the money that would be neces. sary to pay for the school building, would be so high that 1t would be subject to attack. It it were not genuine one and were fictitious. it would be subject to attack on the ground that the municipality has been forbidden by the municipal incorpora- ton act and by the organic act to contract any kind of an indebtedness beyond the anticipated revenues for the year This Is the statement of lawyers who have looked into the matter.
 "The result of an attack would be that the banks or others who had provided the money would not have good security for their loan It Is far different from the bridge proposition or from the proposition to purchase a public utility. for instance, where the corporation and those who loaned to t would have a revenue producing property for their security in the event of any contract with the city being held to be illegal. No one but the municipality would have any use for a school building.
 Some of those who believe that a scfse-s- '--.--...- '..- absolute and im- mediate necessity urge that the ~l... council and the school board should adopt resolutions asking Congress to authorize the municipality to vote up- on the question of bonding the city, and to send the resolutions with a full statement of the case to Delegate James Wickersham. and ask him to introduce and secure the passage through Congress. if possible. Of the authorization.
 In support of the feasibility of this plan. 1t is pointed out that Valdez secured the authority from Congress to issue bonds for dyke. and 1t is urged that the history of the past and the certainities of the future are such that the permanency of Juneau is better established than was that of Valdez.
 The school authorities agree that Juneau's school facilities arc now far from being adequate. The rooms are over-crowded. and the equipment in- sufficient. It is said that if 1t were not for the fact that students are be- ing cared for in other schools 1t would be absolutely impossible to make the room that is now avail able answer the purposes of all. This being the case. it is confidently be- lieved that there would be no trouble at all to convince Congress of the nee essity for the bond issue.