>> 1-print each image (I think that is called blowback)? 2-scan sheet of paper 3-full text index the images<<

It would be much more efficient to have the films scanned and the resulting images OCR'ed.  A service bureau with a high speed microfilm scanner can complete the project very efficiently.  The OCR quality is typically very good as the resolution of the original microfilm is very high.

An additional option to consider. 

Bill Roach, CRM

Opinions expressed are my own and not those of my employer or any other entity.

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