The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-02-09
Mayor Issues Statement: Says Can't
Sell Bonds on Account Market;
Gives Boards View OF
How to Get Site
SUGGESTS SELL BLOCK
HERE FOR CONSTRUCTION
Can't be Sold for Less Than par and
Accrued Interest According to
Law; Would Adhere 70
Plans as Outlined

ihht tno most loahlNlc ton'hV W
pursue in disposIng Of the park bonds
voted here several months ago IA
TO trade a portion OF them-Jor park
eites and 10 sell a small amount. 10.
cal.y to finance the construction work
was the concensus OF opinion OK
pressed at the park board conference
with Mayor Durbn yesterday after.
noon. the cIty's chief executive de.
lcared this morning.
An attempt will be made to carry
out this plan. the mayor stated, as
the bonds. he said. cannot be dis
posed OF on the bond market. In
written statement this morning.
the mayor said:
Mayor In Statement
"The park situation. as | believe
The Park Board and mayor see It,
is as follows:
Until there is a change in the con.
dition of the eastern bond market,
our bonds cannot be sold at par For
many months the city authorities.
with cooperation of the Chamber of
Commerce, Lions club and many 9th
ers. have pursued one prospect after
another. but without success Under
. the law, municipal bonds cannot be
sold for less than par and accrued
interest. Even il this we're not the
law, 1t would be poor business, unless
a greater emergency should arise
than exists at present. to make any
large sacrifice in the sale OF these
bonds.
"The only present prospect that we
can see for an early solution of the
problem Is that those who have pro-
rerty suitable for park sites and ac-
ceptable to the city may be willing
to take part of the issue at par. In
other words, we can exchange bonds
at par for property at its fair value.
1t is believed that normal prices of
bonds will return as soon as the
real estate market becomes normal
and that neither owners of real es-
tate or the city would lose in such an
exchange.
Advise Adhere to Plan
at is further our opinion that the
general park and boulevard plan vot-
cd upon and approved by the people
should be adhered to as closely as
practicable unless, of course, the
people should authorize change.
This plan calls first for a real park
q credit to the city, which would
be a place of recreation for all dur
ing the summer months. Sooner or
later band concerts will be given
from time to time. Playground IA
cilities including, perhaps, swings,
slides. tennis courts, baseball and
football grounds, for public use,
should be provided and, when pro-
yided, should be under supervision.
A swimming pool, so equipped and
maintained as to be sanitary, Is be-
x ing favorably considered. With the
new filter and pump being Installed
az the water works there is no
question but that swimming pool
can now be satisfactorily operated
and, if thought best, that 1t can be
made to pay expenses of operation
and supervision.
"Those who are responsible for
spending this large amount of public
money feel deeply the responsibility
placed upon them and have no other
desire than to carry uot the wishes
of the people. However, it should
again be emphasized that nothing
can be done without money unless a
fair exchange can be made as pointed
out. ata
"To ascertain whether this can be
done is now the immediate task be
fore the Park Board and city authori
tips !"