The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1874-07-15

M L. j. Monks, Chairman.
School House Lots. re.
Last week, in an article on the Sc
lection Of those Tenth street lots by
our Trustees, we spoke rather dis
paragingly of the PRICE given by them.
We were arguing against the location
Is being inconvenient of access to the
children Of the Fourth Ward, and the
PRICE, therefore, had nothing to do
with determining that question. Even
If the lots were a dosation, that fact
would not mend the inconvenience.
Besides, We were shown the figures at
which lots Immediately adjciniag and
surrounding the school trustees pur-
chase, were sold at, and we are COM
PEELED to admit that the price of $500
each compares fayorably with the price
received for them. We say this much
in justice to the proprieters Of the
Roberts addition, of whom the.Scheol
Trustees purchased. We hope the
Trustees will, if possible, relocate the
school house lots.
The refusal Of the Council to Issue
Bonds, puts quietus on that means
oferecting school house for some
time to come; but It should not stop
here. We hope the Trustees will
levy a sufficient tax this year and next
to raise the funds for both the pur-
chase of the ground aud the erection
Of the house, and, when that is accom-.
plished, put the house up and pay for
it in cash, and thus avoid the very
doubtful policy 1--WE think) Of resort
ing to the more expensive and costly
plan Of issuing bonds for that purpose.
IL criticising the course pursued by
our Trustees, VIC expressed Ourself
that it was obligatory on them, FIRST
before making purchase of ground
or building, to levy tax; but the law,
which we copy below, does not make
that course imperative, as will be
seen, before asking the Council to as.
sist them. On the score of economy,
we like the tax plan for buying lots
and building school houses thereon,
better than bonds. Here is the law.
sale Of Bends ser Sehool Purposes.
An Act to amend an act entitled, /" An Act
to authorize cities and towns to negotiate
and sell bonds, to procure means with
which to erect and complete unfinished
ed for erection OF such buildings, and
authorize the levy and collection OF an
additional special school tax for the pay
Sonas M nn n IT, ls s'eh
[Approved May Is, 1851
Section l. Be it enacted by the Gen.
erai Assembly of the State of Indiana
that section first of the above named
act be, and the same is hereby, amend
ed SO as to read as follows:
Section l. That any city or incor-
porate.l town in this State which shall
by the action of its School Trustee or
Trustees, have purchased any ground
and building or buildings, or may
hereafter purchase any ground and
building or buildings, or have COM
menced or may hereafter commence
the erection of any building or build
ings for school purposes, which shall
have, by its School Trustee or Trus-
tees contracted any debts for the erec-
!. ton of such building or buildings, or
the purchase Of such ground and
building or buildings. and such Trus.
tee or Trustees shall not have the
necessary means with which to COM
plete such building or buildings, or to
pay for the purchase Of such ground
and building or buildings. or pay such
debt, may, on the fling by the School
Trustee or Trustees of said city or in
corporated town Of report, under
oath, with the Common Council OF
such city, or the Board of Trustees OF
such incorporated town. showing the
estimated or actual cost of any such
ground and building or buildings, OF
the amount required to complete such
building or buildings, or purchase
such ground and building or buildings
or the amount of such debt, on the
passage of an ordinance authorizing
the same, by the Common Council OF
said city, or the Board of Trustees Of
such incorporated town, issue the
bonds of such city or town to an
amount not exceeding in the aggre-
gate thirty thousand dollars in demon.
nations not less than one hundred
nor mere than one thousand dollars,
aud payable at any place that may be
designated in the bonds, the principal
in not less than one year n0r more
than twenty years after the date o.
such bonds, and the interest annually
or semi annually, Us may be therein
provided, to provide the means will
which to complete such building OF
buildings, and to pay for the Hurchas,
of such ground and building or bnild
ings, and to pay such debt; and sucl
Common Council or Board OF Trustee
may, from time to time, negotiate ant
sell xs many of such bonds - nay b.
necessary for such purpose, IA an.
place, aud for the best price that ca
be obtained therefore in cash: Pro
vided, that such bonds shall not b
sold at a price less than ninety-fou
cents on the dollar.
The Philadelphia North America
makes the pertinent suggestion that
very large part of TIE .clamor that
raised in reference to the indebtedness
of the Southern States is intended t
make a case upon which deman
60 NJ J,osod that the limited State