The Birmingham age-herald., 1922-05-01
JUNIOR BOND ISSUE
 QUESTIONABLE IS
 PARTIALLY EVADED
McLendon Says He Will Re- fer Many Questions to Board of Education
 For Settlement


 
 Junior Chamber of Commerce has completed its questionable to tae city commission in connection with proposed issue of s7ooo,000 of bonds to be voted on May p. The questions cover many phases of city finances in connection with the bond issue.
 D. E. McLendon. president of the city commission, Saturday announced ence of the city board of education and city commission to prepare an answer to the junior query.
 Although the city father did not name the date of the meeting 1t is probable it will be held sometime this week.
 The juniors wish to know how much will be raised by the proposed additional tax levy, how were the estimates of the needs of the schools arrived at, what is the estimated cost and capacity of proposed new schools, what amount of honds has been voted in the past ten years for school build ings and equipment and what schools have been built and equipped with this money, what amount of school bonds has city on hand and what is the amount of unsold bonds for school purposes and the like.
 The questionnaire also covers the auditorium, library and park bond issues that are proposed and goes fully into all aspects of the s7,000, 900 bond issue.
 Full text of the questionnaire is as follows:
 The Questionnnire
 How does the citv ar0n0sa na V the interest and sinking fund on IT, GOO, ,000 worth of bonds? What rate of interest will these bonds bear?
 "(A) Assuming that the interest on the $7.o00,000 of bonds will amount to S350,000 annually, what does the city estimate will be the annual main- tenance charges. including deprecia- tien, insurance. etc., on
 (a) New schools.
 (b) New library,
 Co Parks and playgrounds,
 (d) Auditorium;
 "(B) How many new school teach CTS will be required for these new schools and what amount will be nec- essary as salaries for these?
 How much does the city estimate will be raised by the additional tax of three mills?
 Who Were Advfsorsf
 Were any architects, real estate men. financiers, or contractors con- suited regarding the plans. cost and financing of the schools, parks, H. brary and auditorium? It not. how were these estimates arrived at? Will you be so good as to make available to us the details of. all studies made by or presented to you on these points?
 If the city estimates that the tax able value of property will increase in the future, then please give the percentage of such estimated in creases and the reasons for such es- inmates.
 Has 1t been determined how many schools are proposed to be built and where are these schools to be located Will school census be required to determine this question? Have any plans been made for these schools or estimates on the plars as to actual cost of each?
 Cost of Schools
 If so, what Is the estimated cost of each of these new schools, and what is the estimated pupil capacity of each? During what years are the schools to be built?
 Upon what data and estimates is teh conclusion based that the pro- posed S7.o00,000 bond issue will be sufficient for the purposes in view If your constitutional tax limit Is reached after the levy of the proposed additional three-mill tax, how Is it contemplated to raise money for in- terest charges on any new bonds that may have to be issued for emer- gencies such as fire stations and de- ficits?
 What provision is made for liqui- dating the present outstanding in debtedness of the city?
 Prior -ond Issues
 What amount of bonds has been voted in the last ten years for new school buildings and equipment and what schools have been built and equipped with this money?
 What is the estimated cost of the construction and maintenance of the proposed golf links. and by whom were these estimates prepared?
 Will additional lands have to be purchased for parks and playgrounds, or will lands already owned by the city be improved for this purpose? |? If lands will have to be purchased, what Is the estimated amount needed for this purpose?
 What school funds has the city on hand and what Is the amount of un- Solu poHuS lOE ScHuOl purposes!
 The Library
 What character of library and what size can be built for s750, ,000? Will this be adequate? What library architects, or experts. have been con- suited regarding the new libaray! What has been done relative to the Carnegie assistance?
 What is to be done with 4-a pres ent auditorium ~'4~o Have new audi torium plans been drawn for a build- ing to cost some $soo,ooo7 How many persons will such a building seat, and what features will 1t con- tain?
 What is the citys expected rev. enue from property taxes in 1922. according to the city's budget, as compared with the amount received in 1921 from the same source?
 City's Revenues
 What is the city's expected rev. enue from license taxes in 1922, &C., cording to the city's budget. as com pared with the amount received in 1921 from the same source?
 "Will it be necessary in future license taxes to take care of increased expenses due to the issuance of $7,- 00000 bonds?
 enue from the recorders court In 1922, according to the city budget as compared with the amount received from the same source in 1921?
 What is the citys expected rev. enue from permits in 1922 according to the city budget, as compared with tba au,onnte raraivad from tbo car. a