The Birmingham age-herald., 1924-02-08
JUNIOR CHAMBER
 NDORSES BONDS
Resolutions Favor $500, 900 Issue To Further Educational
 Program Of City

Emphatic approval of proposed bond issue for educational purposes 1; complete sympathy with the board of education in it's effort to supply bet ter schopr facilities sfor Birmingham, together with <recoknition of the city's need for an adequate public library, < were the high lights embodied in reso- lutions passed by members of. the 7 Junior Chamber of Commerce at e . general meeting Thursday night;
 The resolutions point out the im- portance of quick adoption by thescity of sound financial plan for supply ing the needs of the school and li- brary and adds: <; N. -
 We consider an sadequate public library an absolute essential of our , educational system. E
 We favor the issuance at this time of such amount sof bonds for educa- ! tiOnal purposes asatafi be provided for ! by additional tax levyt on the present : assessed valuation of taxable property, such provision to include interest and sinking fund for amortization of prin- cipal.
 We recommend the lavy of an 9ad- ditional tax of 15 cents on the hun- dred dollars to be used for the pay ment of principal and interest on bond ed indebtedness of the city of Birming- } ham. s.Sr as-F.2-9= --s' z r .A ssa.
 ''We recommend the levy of an ad- ditional tax of 15 cents on the hun dred dollars for the use of the board . of education.
 "We recommend the levy of an ad. 100000, bonds, maturing in annual in- stallments from one to thirty years Tn furtherance of the educational pro- gram of the city. f' "We recommend that before any &C., tion be taken by the meeting, finance committee be appointed. The duties of such finance committee shall be to investigate the financial condition of the city of Birmingham, and the needs of the educational system, as we'll sas ] other public needs, and to report back to an adjourned meeting it's findings, as to the ability of Birmingham to issue additional bonds,- to provide for ! the interest and sinking fund on such : bonds, and to provide additional funds ! for public purposes.
 We recommend that composition of the said committee be as follows: "Dr. 0: B. Glenn, superintendent of oNhoViSs A2LoAAuc IehLHbdys pFcSlQeut board of educations R. D. Chadwick, president Bank of Ensley and member of board of education; Oscar Wells, ! president First National Bank of Bir- mingham; Tom o. Smith, president Birmingham Trust & Savings com pany; w. W. Crawford e> president { American Trust & Savings bank; John ' H. Frye, president Traders National bank; Leo K. Steiner, president Bank ing House of Steiner Brothers; :, J.. 0. de Holl, vice president Federated Bank & Trust company; R. H. Wharton, president North Birmingham Trust & Savings bank; 0. B. Rogers, presideni Security Trust G. Savings bank; Dr. A. W. Belly president Woodlawn Say. ings bank; R. A. Terrell, president ! Bank of Alabama; A. e. Garber, vice president Caldwell -Garber company, in- vestment securities; Leo Kayser, vice president Marx & O., investment SC. curities; George B. Ward, member Ward, Sterne & Co.,, investment SC. curities." 4
 The resolutions will be presented by the Junior Chamber of Commerce edu. caticnal committee before mass meeting of similar committees of civic organizations called eit the instance of the committee of allied labor or. ganizations, to be held Friday after. noon at 3 o'clock in the council cham. Der of the city hall.