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Monroe News Star in Monroe, Louisiana

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Newspaper

Monroe News Star

Location

Monroe, Louisiana, United States of America

Date

Dec 31, 1920

Page

8

City power plant costs and funding summarized

City officials discuss the power plant project cost escalation from an initial estimate of 450 000 to about 625 000 and possible 650 000 total. Funding sources include 406 000 from discounted bonds, 35 000 from improvement funds, 20 000 from sinking funds, 25 000 from sewer bond sales, plus 140 000 in unpaid bills and cash needed to finish the plant.

Kirkpatrick General Improvement Fund Market House Interstate Trust and Banking Company Interstate Trust On Banking Company Furlow Interstate Trus and Banking Company Messrs I. T. Davis Frank Maslin Ime General Fund Thinterstate Trust and Banking Compan Quschita National Bank Citizens National Bank Centra Savings Bank and Trust Monroe Old City Hall Ouachita National Bank Forsythe Kilpatrick

Monroe Leaders Outline Plan to Fund Schools and Power Plant

City officials describe a plan to issue 4000000 in serial school bonds backed by 112 mill tax to finish three school buildings and complete the power plant. They explain costs exceed original bonds, note losses from market conditions, and defend commissioners while urging public approval to avoid unfinished facilities.

Powe General Electric Company Foundation Company Foundation Ani Monroe Apgar Apga Cit Additiona Acioo Board Schoo School Board Commissioners Fe Interstate Trust and Banking Company Ouachita Parish Frank P. Stubbs Allan Henry Bernstein Messrs. Stubbs Bernstein J. T. Davis Russell Ib Hove United States Messrs Frank Masling Joe

Also Mentioned on This Page

Armour Eg House Washington Canon Powers’ Help Yourself Grocery O. G. Jewelry and Optical CO Ramiaey Louisiana Optical Co Nicholas Norman Noro Campbell Horse Cash Grocery, Inc Weyenbergs Lion Brand Blue Ribbon Florsheim F. C. Sammons Mer Monroe Feed Co Sixth and Adams Streets
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