Show Airport Bond Issue To Get More Study Mayor Adiel F. Stewart this week said the city's two and one half million dollar airport bonding bond-ing proposal would need further study. The mayor was expected to ask the City Commission to consider a general obligation bond election elec-tion to finance the project. City Treasurer Oliver G. Ellis was expected to tell the commission commis-sion general obligation bonds would be cheaper than proposed revenue bonds which have been under consideration. Status of the bonds has been in a quandary since August when prospective bidders objected to a revenue bond ordinance which would retire the bonds with gasoline gas-oline tax revenues. City Attorney James L. Barker said it would take 28 days to place a general obligation bond issue before the electorate. He also said he has asked prospective pros-pective revenue bond bidders to submit suggestions which might make the ordinance more workable work-able and encourage competitive bidding. Mr. Barker said a possibility pos-sibility still existed that the ordinance or-dinance might prove feasible. |