Salt Lake Telegram | 1933-02-18 | Page 5 | Seek to Legalize Loans for City

SEEK TO LEGALIZE LOANSJOR CITY WASHINGTON, Feb. It OP) A group of mayor of the larger American Ameri-can cities today asked eongraa to change tha law so that cltle can borrow bor-row from the Reconstruction Finance corporation to meet financial difficulties. difficul-ties. They planned to go before the senate sen-ate banking committee with their proposal. Tha mayor who organised themselves aa tha United State conference con-ference of mayor also urged the need for a mayor publie work program to put men to work. Representative of nearly fifty of the large cities were here at the call of Mayor Frank Murphy of Detroit who wa elected president of the conference. con-ference. The resolution the executives adopted calling for a change in the R. F. C act asked that tha corpora-! tion be empowered to purchase tax anticipation warrant of municipalities. municipali-ties. They proposed "that any loans may ba secured by a pledge of any unpaid and (or) delinquent taxes."