The Marietta journal. (Marietta, Ga.) 1918-1944, 1921-04-14
COMMISSIONERS
PASS RESOLUTION
Committee of Citizens Call And
Make Wishes Known To
County Officials.
SPECIAL MEETING ALL DAY
Grand Jury Recommendations In
Regard To Cobb Roads Are
Carried Out.
SPECIAL MEETING ALL DAY

On Saturday, May 2Sth, the people
OF Cobb county will have an oppor-
tunity to follow the example set by
the citizens of Marietta, on Tuesday
OF this week when they voted solidly
for street paving bonds-the county
election, of course being for road
bonds.
The last grand jury made an es-
pecial recommendation, which was
published in The Journal, asking that
the county commissioners take steps
to call an election for $780, 900 of
road Improvement bonds, calling at
tention to the waste of money under
the present system of road work. and
the utter absence of good roads in
the county.
In compliance with this recommen-
dation the commissioners held a, spe-
cial meeting IN Marietta on Wednes-
day to consider the matter. At their
last regular meeting they had heard
a large deputation of citizens from
the Acworth district, who asked for
early action looking to the improve
ment of the roads in that section. At
the meeting on Wednesday, a num-
Der of representative citizens Of the
county were present and urged upon
the commissioners the necessity of a
bond issue, if the roads of Cobb are
ever to be put in good shape. 1t was
also represented that the time for
road building with bond money was
most opportune, as the money would
be spent almost entirely within the
county, and work would be provided
for the unemployed among the peo-
pie.
Local bankers and an expert bond
house representative conferred with
the commissioners, and a resolution
was passed calling for an election ON
Saturday, May %, to authorize IN is
sue of 100000 of 6 per cent 80 year
serial bonds.
Serial bonds are those which are
paid off in series of years, stated
amount with interest each year, for
instance it was suggested that the
payment of $4,000 of the principal
with the interest might be paid off at
the end of the first year, and $4,000
the second year, leaving the heavier
payments to be met in after years,
when property values had SO risen
as to increase the county revenues
Although six per cent will be the
interest named in the bonds, the is
sue of serial bonds will provide a
way to retire given amount each
year and stop the interest, and it is
very probable that six per cent
bond will bring a premium in the
market.
The commissioners were very care
full to go into all the details necessary
to make valid and valuable the bonds,
if the people shall authorize them at
the ballot box on May %.
The meeting lasted very nearly all
day and great interest in the matter
was manifested by every one present,
while spirit of harmony prevailed
throughout the meeting, which was
conducted in a most business like
manner.
There is every evidence that the
people of the county want roads, and
that they want good roads, and that
they are ready to put aside politics
and give support to a movement
which stands for the progress and
prosperity Of the whole county, and
the personal benefit of every indivi-
dual citizen.
AS soon as the papers can be
drawn up and approved the official
call for the election will be advertis-
ed in the papers in accordance with
the law, and the people will be given
an opportunity on May 18th to give
their approval.
The recommendations of the grand
jury suggested the creation of bond
commission, to be composed of one
Official of each bank in the county,
to act with the commissioners in the
matter Of the expenditure of the
funds upon the various roads, thus
giving assurance Of fuller repres-
entation Of the different communities
in this matter, but as this will have
first to be authorized by an act of
legislature, no action can yet be TAX
en- upon that feature, still it is pro-
bale that pledges of such action viii
be given before the election.