The Marietta journal. (Marietta, Ga.) 1918-1944, 1920-10-15
Something About the City's Indebtedness

The Journals Policy give concerning the
from s. Court records in regard to series Of ex
notes given to Frank scaboro Companv for s4s or which the
city being sued Our readers will understand
outstanding another series of notes the c understand
some 100000 also in suit.
The following resolution adopted Mayor Council
November a. 1918.
Minutes City Markets. a.
1918 After discussing $4,000 Indebtedness
ctv at this time has mo- finds to- @ @ NV t a as ne
$4,000 owed by the
interest the paving
public there not being available
the holders
that the first series of fall
these funds then be applied to this $4,000 loan:
Therefore, that all fund.-
$4,000 paving fund.- and 100000 Atlanta holders
fund be renewed until
follows for $4,000 EACH
December 31t 1913 these
for the amounts and lieu Of the old falling due December
31st, 1918 Motion carried"
The resolution quoted refers paving fund and Atlanta
property holder fund Legally thing square
paving any other paving fund
After passing following
adopted.
resolution motion Mr. Wallace seconded by Mr. Robertson
estate Georgia. The City of Whereas there casual
and deficiency the public funds in the the City of
Marietta and
Whereas temporary money
expenses OF City Government
Therefote, be it Resolved:
temporary deficiency
the hereby authorize
Mayor Treasurer the City of Marietta negotiate
temporary $4,000 the
possible with Bankers
Trust Company individual and we hereby Empower said Mayor and Treas
deliver the the City Marietta for
payable day of March, 1919
the Board
Passed the regular session held the 21st day Of November 1918
The first resolution provided
take of the 100000 Indebtedness which $4600000 indebted
the second resolution referred casual and temper
deficiency In the current OF the city We give below
OF the notes issued. 49,
give a copy of the issued: IA
Copy Georgia Marietta, Ga November
81, 1913
On s received
Scarbo Company order National Bank
N. " the of Six Thousand Dollars
with interest after maturity together with all costs OF coec
including attorneys fees
of resolution duly adopted by the
Aldermen of the signed
by the of City, required by lav.
hereby that condition and
thing uired he done to have happened
DONE has happened and
performed compliance with the Constitution and
this within debt and
prescribed the faith credit of the City of
Marietta hereby evocaby pledged to the punctu payment OF the
principal of this according to it's terms
of Marietta, Georgia. has caused its cor
be signed hereto by the Mayor and and the
by the Clerk the Board
twenty-frst day of November, 1918
The City of Marriott
Attest: By i'm R Brumby, Mayor.
City of BY Hugh A. Hill Treasurer
By Jas ] Daniel, Chairman ofFinance
(sEAL) Clarence E. Power Clerk
The Merchants Farmers Bank hereby certifes
to the genuneness of the above signatures
MERCHANTS FARMERS BANK,
(BANK sEAI Merchants E. c. Gurley, Cashier
Incorporated 1911
Marietta Ga.
LEGAL OPINION.
To Whom i May
bv the avor and Treasurer for Six Thou
sand Dollars payable advise that opinion
binding obligation Of the said City OF Marietta
Georgia. GORDON b. uANS, .,
Attorney City of Marietta Georgia"
In accordance with resolution eight notes for 100000