The Daily Alaska empire., 1948-12-14
COMMITTEE SEES CGuEkDQuARTERS
 AS EARLY REALTY
Citizens Group Is Enfhus- iastie Over Local Re-
 sDonse for Securities

-Y the minds of the seven mem bers of the citizens committed working to meet requirements oi the U. s. Coast Guard for estab- lshment of 18th District head quarters in Juneau, those office accommodations are virtually ready
 Actually. of course. they know this is not true.
 But response of Juneau citizens is so enthusiastic that they believe construction of building to pro- vide c. G. facilities unquestionably will become a reality.
 They and others, especially mem bers of the Juneau Chamber Of Commerce, who are firm in their intention of meeting the Coast Guard requirements, are distribut- ing copies of the prospectus-blue folders containing detailed infor- nation.
 The workers also are meeting with success in adding names to the original subscription list for stocks and bonds of the Commun- ity Building Corporation.
 The folders give brief account of the circumstances by which the headquarters will be established in Juneau, rather than elsewhere; es- inmates of construction and incl dental costs, and annual mainten- ance expenses.
 They carry details of capitaliza- ton for the proposed corporation and for the subscription Sl7o,0O0 in common stock offered for sale, and of S175,00O in first mortgage debenture bonds.
 The prospectus is signed by mem- bers Cf the committee, namely Har- old B. Foss, J. c. MacKinnon, Keith G. Wi.des, J. A. Mclean, George A. Parks, N C. Banfield, and Wallis s. George.
 AS has previously been published, establishment of C.G. headquarters is conditioned 10 availability of 14,000 square feet of floor space, and available housing for person. nel of some 57 persons.
 The Juneau c. of c. has an op- tion on tract approximately l00' by 100 between the Hotel Juneau and the Territorial Office Building, available to the corporation by as- signmenf The proposed building will have three floors and base ment, and be of type Of con- sJruction to permit additional floors.
 AS the prospectus says:
 with the closing of all mining in this vicinity, disastrous decline in the fishing industry and very unsatisfactory condition of declin- ing markets and production inter- ruption in the numbering indus try, it is very important that the residents of Juneau and those in- terested in it's business and indus try give every consideration to making the construction of this building possible.
 For that reason, and the fact that the City of Juneau must place itself in a favorable position to attract Government agencies seek ing office space, the members of this committee are willing to serve as temporary board of directors until the stock has been subscribed and sold, after which time it will hold stockholders meeting for the purpose of electing directors to go on with the construction and oper- ! ation of the building" Common stock may be purchas- i ed without bond purchase. Bonds cannot be purchased without a purchase of an equal amount of stock.
 We estimate that the payroll of the headquarters staff pluss the ex- penditures by the personnel man. ming the aircraft and vessels which would be here from time to time as a result of the establishment in Juneau would amount annually to more than the cost of the build ing"
 Members of the citizens com- mittee will gladly provide copies of both prospectus and subscrip ton list to all persons interested, as well as giving any further in- formation requested.
 We MUST have that building | ready for July l occupancy!" they l all say.