The Birmingham age-herald., 1924-03-07
BIlllIlVcnAMC CAN l NOULDER BONDS
 ODIIIlIIIM SAYS
City In RsElItiam To Finanre RnsgRzzn Far
 IznprwVipg SkahsuRs
SllB13ALNIIHAEE NzEZ<lLT
 NUT ADUFIED IMUnsmAH
TnEselMIn WKK VIII MEanlIk And Rafize Hzzue- 0l1hr
 ltnms Mi &psiiIlIEIiis1

Osrur WSIls, wr.siiiEluft a1f ttin Hint |Nsfinnil -lbank, anfl dhiisnum aff ttiB finance EDmmiftse iiHxn8figffhg GfH |fiuanues, nn5Iiminuw ttp tfin unnnnzszi bund 1lsrfmn, rmafle mIiiific UliurxfhE Ea Ben1rll ffinannidl nn1snrt iignuunS tiin r1p0rt df aize Brib4fimmR Uunrnifxb1 which nSrDmmsul1eH afflar HsUnh iizaxns beinE imdluilsH with xdiBh 1mnils. Whe arfiun uf tfize mmiin fiiume am niftR in miiflzer mrrgffhg nm ndJnft ing fine 8zibsHummiftzess n4Fust, affHr q secrat cu1ffersnEe 14afiuz sxinse hm1r4y Hverted a Hiisis in ttim $ siftnffBn lit was lzsiiexsd at aiftx.T
 Tlre finanEe Eum5l use Eifim fhat tfie uues x1 not aaflzer lbBniis wM
 along with sdhs5l
 rided At a maw EK
 |aIl civic ana ID mass mesfiuE ie after March u4 for sssibnis. @mf miftee Iheaf1etf -nnffliE
 DAzgrf
 The nrfiun of tin .aafiug will
 
 sion. wfetlznr 1t will lhA szdiuail Tis1nih |al1ne snr n Enunaisar aff HmnrH iimsrns use mains to lie zean.
 Tine report mf ttiEe main ffiuanne aaans mittee wHs in sliiztnnne aB filmVH: On Birninshamss urezarft Rsw mf ffin mills fnr sinking funH ulurnzns, hnHenl on 1923 valuations, ats uuzzsrft diiit of $1n,228,BBD win He ttzilsm -anre of Ihis mean sfi1e iIftsrest will lie pniii when due and tflEe AmnIis will Eim rs4finsi ar maturity.
 In aldifian tflasratn, ttaiis nBgv of five mills will ttaize cazH a1f tfie firftHnatt and maturifies fur 8liEiffiy msn1e ttimn $77I1l, 000 additional Dunfls. Uiim ammiffha however, suzgezteH tfiaat ttissxe MfilfffiBH Ial sbpnfls ddf $zH1BB0 usaziiiIle ttn Hn issued without Hn axtra miiIiaae tux should he dESln ns A nsezarse mlii Gmnia mot issued at HreEent.
 WRx MRxy
 the levy of aone anfl nnAlinlH mills a1R difional tRx, enough nswaniR will Ha derived ito H18y tfize ifitaxHsf MrIfl uIzulift. additional lbouils rtO ttiR mnnlntt aff %R!, 400,O10. Whis amount mIiflNn t1D tfia z R480t8tIO A411@1t4AU4A4A 13HtttE Ht4tAA1G &|Eto the city a b8nii nsIanitK, lblERaE am ulsz2 |valuafiuna, a5f EAUBnNaB- slaft ttiFe ann mfftee 4s ztahBa zllsuRe uzEonanHsnilaI |fhnt aisat be hala iin rzaarxe It iz Mls0 Mat aaut ai1Eff H}EazH wiii |neeeaafily lhzze sfp lin AllilzziazHn e !wenne fay fzae l<z41ssks7on aH AIits sssssas1sk c 4he Dfher Dne and enlellziEf min itEs- T tax levy.
 In brief, afle aiity must wfte am miE ditional tux edf tflree miills ttD Hm aiiih to issue and HsrUEiile Ar isunils 0f $4 ,750. 600 bassd un HHz3 wIlimffim.
 The repUrt went izftD dlatxiils aff an analysis of tine city HinanEes alnn @lif mitted figures wfhiGh wzsrH HEzanfiml1k w'hat wns offered liy City GEnnut1mIIhE C. 10. Arnzatraug, wtiEHn Re aEluazzxaI before fhe cnmmiftHe fur qrE9kfinriifE
 HuPsrtzz1t KssiisH
 The rspUFt zsfEEtRh dfat Birmingham was passing tfr0Ilgh R usarisH aff iirftaIHa financial inlpurtanee and usni1ttaFl ant that 'Alfhuugh waluHfi9nB H1axe athaafiii. advanced and will umifnIfiftsFIly anurtfinte to do so, it iis mat BnunH finarne ttD iis sue bonds ttD nse HaiH fxum frttrrze e.s fimRted innreased valuations. ziiInze ttin future will reaIiire hunH iinzrHs fin problems of IitS own.
 From all of tfle ailsDva, 1t iis aiAur that Birmiughaniss condition iis smunl as far HIS it's funded dlaltt iis aEu1tmanrEssli,' the report zaiH. Eefiil HsBlIlis wan strongly recommended ffur ttiEe u1xuIHzssRI issue as well ms ln fIttI1xe iizsIte6. issue as well us alIl fntIrze iinE1psE Serial lbnnfls aibs8Sb tflEe dlssift UsssEr ix year s0rrt of funffs mrisiIIg ffHnm tfie current year. unffil alll are uEaifl afr According tO Gonu1tr6llar AumlfttrnII;, the city already thus aElmft#H a uuIiiSY of issriing its pifBiir Improvement tisu1Ih seriaity and tfiEe Hr6hdhlifty iis ttimt other issues will the tt1zzftetl HlaaHwhes.