The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1886-03-05

| The annual school meeting Of District
No. 5, was held at the Court House on last
Monday evening. A tax of fo,f mills was
levied for the running Of the school and foi
improvements mentioned below The Dl'
rectors were directed to insure the school
building for three years for $4,000 o. such
sum as they think beat.
Following arc the reports of School Clerk
| ]. IL. Burkhars and the Directors
CLERKS REPORT.
have received during the year the iol.
lowing amounts Of money for the support
Of the public schools.
Cash on hand at last report .....$ soooz
Cash received from county 2,t4S.of
Cash received from State. ........ 46g.s7
Cash received on fruit trees sold a.so
Cash received from rate hllls.... Iss.So
Total received. $1s77.os
Paid out as follows
For teachers wages. ........,..... $4,000
| Fuel and other incldentals ....... f,II9.ss
Total paid out ut................... 3ooI.s SIS
balance on hand d...s...,......,.. tcU.oT
BUILDING FUND
have received and paid out the follow.
ing amounts :
Cash on hand at last report. .....$ s.43s.30
From A. w. Prushaw for old
school house .....s......t.. 1000
Anglo Californian bank Tor bonds
sold ACKNOWLEDGEMENTS. tO,SOOuu
| From John. Hoffman for west
ward school house ......... 10000
From A. T.. McAister part pay.
ment on east school house.. 10000
From Jno. Hoffman for Two stoves 400
Two mill tax collected .......... t.7SS.fO
Total received ....,...., sl7,so6 20
Interest paid by Clerk on school
funds. ..... sssO0
Total.....,,.,..........9tS l3oI 40
Balance on hand At this dete. ....S $4,000
Paid out as per vouchers. 1851 40
Paid /. +. Conn on order No. "a 4o.20
Total paid out t........... $I7,S6o.40
! The indebtedness Of District Is as follows +.
Seven bonds Of $500 each, or $500 with
interest At the rate Of eight per cent per
annum, will become due on the 18th day Of
June, 1888, interest payable annually. Seven
bonds Of $500 each. or $500 a the same
rate OF interest. due on June 18th, 1891, and
seven bonds for $500 each. or $500 at
same rate OF interest, and due on June 18th,
1894. The principal and interest ls payable
At the Anglo Californian Bank In San Fran
cisco, California ; the interest TO be paid on
the 18th day Of June and December of each
year. There Is also due |. r. Conn on an
order held by him of ssos.so, making the
total Indebtedness Of the District at the
present time si0,7os.sO and the aeeruing
interest
DIRECTORS REpoRr
We, the Board OF Directors Of School
District No. S. in Linn county, Or. beg
leave TO submit the following report for the
school year ending March rst. 1886
The financial condition Of the District !.
as follows
Cash. In hands OF Clerk af begin.
ming OF school year........$ s,o4s.3s
Total amount On receipts. ........ is,7a4.Et
Total. l.................... .6bo. 3.
Total amount Of disbursement. SsO.o63 A
Balance In hands Of clerk. ........ $70s.S,
The various items OF receipts and dis
bursements arc shown in the Clerks repoF
which we have examined and find eourc,
The estimated expenses for the ensuing
year arc
Interest on Sos for ono year. 5 St0.O
Amt due !. +. Conn on order soS3
Wages OF teachers. $500
Fuci. 80 ........s......... fsUV
incidental expenses es.......ss...ss $500
Insurance for one year........... 1850
Fencing and grading school block. 5000
Blinds for school windows. ....... $500
Totat..........,..........s .ss.s633
To meet these expenditures We have tn
following available funds
Cash on hand d.................S 7Os.S
Cash from County school fund 80 s,IS0O
Cash from State school fund -. 900
Blance on cas-. gard building ..... 5000
Total. aI.................... So
Leaving balance of about SI,o4743
; be raised by tax, and We recommend that
tax Of four mills on the dollar be levied Q
the taxable property Of the District for tn
purpose.
No insurance has yet been effected .
the building the rates asked BY the vario'
companies seeming TO as excessively higi
considering the situation OF the buildin