The Daily Alaska empire., 1949-03-15
COUNCIL SPEEDS ACTION ON BOND
 ISSUES, METERS

At the SpeClal meeting or the Ju- neau City Council last night, the six city fathers quickly took action toward getting the $260,0O0 paving oond issue on the market by April 1, speeding the progress of the s50,000 airport revenue tonds, had a brisk discussion of current devel- opments on the contract for an 18- month trial of downtown parking meters-then begged down into ac- tionless talk of the city's sometime white elephant, the A.B. Hall.
 After consideration of long let ter from R. L. Sheppard of Grande & Company, investment brokers, Se- attle, asking authorization of a paying agent, and specific answers as to the amount to be sold and the date of the issue, the Council voted unanimously to set April l as the date, to name the First National Bank, Seattle. as paying agent, and to sell all the bonds as rapidly as possible.
 OFFER TURNED DOWN
 The council turned down Grande's offer to purchase the bond issue outright, on 312 percent basis, be- lieving the arrangement for the firm to act as agent will give the city a more advantageous agree ment.
 Grande and Company also pro- poses to take over the airport issue from the two firms, Pan American Airways and Pacific Northern Air lines, subject to satisfactory ar rangement with the City. To assure this, w. Burr Johnson moved, sec onded by George Jorgenson. that the mayor be empowered to advise PAA and PIMA, through the Seattle firm, that rents would be adjusted an- nually after the first year, the City to retain not more than 10 percent profit. The motion passed unanimously.
 The matter of insurance on the new Municipal Building at the Ju- neau Airport will be taken up at Fridays regular meeting, when sealed bids will te opened and cov- craze arranged.
 PARKING METERS
 Due to more advantageous agree ment (for the City), an amendment was added to the con- tract for parking meters. The new rate is $l0 a meter (the previous one was SID for delivery, installation and supervision, making total cost per meter of $75.75.
 The City of Juneau will retain $1.00 a month per unit until the meters are paid for, then is to re- ceive 25 percent of meter revenue.
 A petition against installation of the meters was received, but the mayor and councilmen pointed out that the original contract for the l8-month trial had been signed four and half months ago.
 A. B. HALL PLANS
 Harold (Red) Mayo was present to present tentative plans for future use of the A. B. Hall top floor. which he had leased from the City.
 There was long discussion of the future of the A. B. Hall itself, and of the best use to make of it, es- pecially in consideration of the re- quest from the Alaska Road Com mission to adapt some quarters for use of draftsmen on a project of some months, or year and a half
 James Larsen and George Jorgen- son were namld to accompany Mayor Waino E. .Hendrickson for a conference with A. R. c. officials to try to work out an arrangement for the needed space, either at the A. B. Hall or in unoccupied space at the City Dock.
 All members of the City Council were present: w. Burr Johnson, J. A. Thibodeau, James Larsen, J. P. Christensen, George Jorgenson and Edward Nielsen.