Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1884-03-21
Shall we Bond School Townships.

" "a
answer emphatieally, yes! Why? Fol
the reason that from our standpoint it
is the most feasible way by which
means can be obtained for erecting the
required number of school houses.
Cd, The provisions made by law fol
this express purpose are so lenient and
effectual, when rightly understood
should convince the most skeptlcalthat
it is economy in the present financial
condition of the county.
The law empowers every organized
school township to issue it's bonds in
the name of the school township cor
poration. and TO sell and dispose OF thu
same and to apply the proceeds thereof
exclusively to building and furnishing
schoolhouses for the public schools Of
such township and to no otherpurpose
Said bonds shall be in denominations
of one hundred dollars and five hun.
dred dollars, r~edeeraable after eight
years and payable at the end OF fifteen
y NflIo AlOtll l1iS dllC VI ollS1l lSSltC, ttllt
bearing interest at a rate not exceed
ing seven per centum per annum, pay
able semi-annually, With coupons at
tached for each interest payment.
Such bends shall be sold at not less
than par. All money received from
the sale of the bonds shall be paid t.
the treasurer Of the school township
and shall be by him paid out only upon
proper warrants signed by the clerl
and countersigned cy the director, an,
for purchasing or erecting and furnish
ing public school houses for the schoo;
township.
BOND TAX. Tie township school
board shall levy each year upon th.
taxable property Of the school town
ship d sufficient tax to pay tliesemi-an-
nual interest when it becomes due, anG.
after seven years, a sufficient tax t.
provide q sinking fund for the paymenY
Of the principal of the bonds whendue
When the said bonds become redeema
Die (not due) and the school township
has money in the sinking fund, or othC1
t1ioney which MAY properly lie appliec.
to that purpose, because not otherwise
appropriated, the township treasurer
shall apply al such money to the X
lemption of the bonds, and The ordc
Of their redemption shall be uetermin
ed by the treasurer by lot.
LIMIT OF AMOUNT OF BONDS. NJ
school township shall issue such schoo
bonds to an amount greater than fiftee1
hundred dollars for each separat
school house necessary and require,
for the schools of the township, an
twenty-five hundred dollars for eacl
two oom graded school which the
school board is by law authorized t,
erect.
SPECIAL ELECTION. Before any suci
bonds shall be issued the question o
issuing them shall De submitted to !;
vote of tie qualified electors of th
school township. Such election ma.
be held at any time upon notices there
of signed by the clerk of the schoo
township. Said notices shall be posteo
in not less than sly Of the most publ,
places in the township not less than
twenty days before the day Of election.
They shall, besides the date, object ano
place or poll of the election, state TIL,
precise amount Of bonds proposed t.
be issued and the number. and as mean
us may be the location of the school
houses proposed to be erected from the
proceeds Of the bonds. The election
shall be held as required by law for
other elections in school townships.
The ballots shall have written or print
ed thereon the words, "For school house
bonds:' OF Against school house
bonds.
Thinking l have made the modus OPP
erandi of bonding school townships
sufficiently clear that none need err
therein. we notice some of the advan-
tages derived from the method.
LIST. There is comparatively a small
part Of the wealth Of Jerauld Co.. to-
day that is subject to taxation for
school purposes, and to levy a tax sutfi-
cient to erect the necessary school
houses and furnish them upon the most
economical plan would be IN unjust
tax upon the few that are liable to tax
alton. Each year taxable property in
creases rapidly and by bonding the
school township for a term of years,
just in proportion to the increase of
population sc much of the burden is
lifted from u shoulders to be borne
by others who desire the same benefits
we do and pay for what they get.
| do not advocate the bonding of any
township to the value Of one dollar
more than the actual necessity Of the
case demands. But when the issue is
schools or nc schools, education or ig-
norarce, ] say let US have schools at
any cost, for what better legacy can we
leave u children than a mind stored
80 -.-.x T>1 l..