Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-11-03
Pass Those Bonds


the citizens of Americus will
vote on the proposed $4,000
emergency street bond issue.
Every voter registered
SHOULD vote, either for or
against. We hope and be-
lieve that a majority will vote
for the issue
Remember this, for it is inn
portant: If you are registered
and DO NOT VOTE you will
have cast vote against the is
sue.
There are approximately
1000 names on the registration
list. Two-thirds of those regis
tered must vote or the issue is
lost. Then, of those voting, 81
per cent must vote FOR bonds.
or the issue is lost.
In the last few days we have
again gone over the cost fig
ures of repairing the wood
blocks with the city engineer and
city officials. 1t is costing al
most as much to repair the
streets each year as the interest
on the entire issue, and this cost
will increase every year.
Regarding the charge made
recently that it is contemplated
to divert a part of this bond
fund to pay off some how the
floating debt Such insinuations
are wholly without ground, abb
solutely incorrect and are unfair
In the extreme. The mayor. the
members of the finance Commit
tee and the city treasurer will
sdisburse this bond money. They
are under heavy bond not to
fnisappropriate one cent of it.
AT no time, privately eor public
'ly,ahas either the mayor, the city
treasurer or either member of
the finance committee said or in
tifnatd that one cent of this
money would be spent in any
manner, except to permanently
repave the wood block streets.
Another mis-statement is that
if these bonds are passed. it will
be necessary to raise the tax rate
next year to meet the interest
ard principal on them. That
statement is false. In the first
place the rate can not be raised,
says the mayor. Second. it is
not necessary, for the mayor al
ready has fixed tentative bud
get for next year and in it has
provided for the principal and
interest on these new bonds.
After all is said on this ques-
ton, sthere is but one important
fact to- keep in mind, and we
auote the mayors statement to
the Women few days ago:
These wood blocks must be
repaired or relaid. The city
.Will not allow then. to pop up
and remain so. The cost of this
repairing is getting more and
more each year. Give us bond
@1loney to repave them and you
stop this waste. If you do not
give US bond money, then we
sgnust continue to repair them
out of the general fund And
this is sinful waste of money.
its like pouring water into rat
hole.
I'VE are now retiring the float
ing debt of the city at a rate
Chat will wipe it out in less than
six years. We have a special tax
.Df five mills for this purpose.
When the floating debt is paid,
this 5 mills will be taken from
your tax rate, leaving it at Is
mills instead of 20 as it now
Is.
"The floating debt was made
because past councils put down
permanent paving out of the
general fund, instead of using
bond money.
I'VE ask you to pass this bond
issue because it is the one way
Is stop that sort of thing and
prevent in the future the piling
Nap of a huge floating debt that
bears 7 and 8 per cent interest.
awhile bond funds bear only or
"A 1-2 per cent.
Il is up to the citizens of
Americus to say what they want
done with thei, streets. but af-
Or studying this question for
months. we are absolutely sure
the citizens will make a great
mistake If they fail to ratify the
issue as they are requested to do
81 The Mayor and members Of
c6unciI. ~ so - 1
Note Wednesday by all
Means. and vote FORh those
.msia