Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1895-08-02
The Bond Election.

cooked when it declared its inten-
ton some weeks since of fighting
the proposed issue of bonds in this
county. We had not at that time
read the provisions Of the new rev.
enue law. Section 14l1 says:
SECTION lil1. The board of county commits
sioners of each county must on the second
Monday Of September annually, ascertain the
rate OF state taxes necessary to be levied in or
der to secure the amount apportioned to such
county by the State Board Of Equalization as
certified by the State Auditor on each one hun
dred dollars of taxable property in said coun-
ty as shown by the last assessment. and must
levy the same, and at the same time fix the
rate of taxes to be levied for county purposes,
designating the number of cents on each one
hundred dollars of taxable property levied for
each purpose and levy the same. and at the
same time said commissioners, unless provis-
ion shall have been made for the funding, re-
funding or exchange of the outstanding war
rant Indebtedness as provided by chapter VI
of title XIII of the Revised Statutes of the State
of Idaho as amended. must, whenever any
county shall have warrants outstanding and
unpaid for the payment of which there are no
funds in the county treasury In addition to
other taxes provided by law, II such warrants
amount to a sum equal to Ave per cent or more
of the value OF the taxable property of such
county as shown by the last preceding assess
ment, levy special tax of ten mills on the
dollar as shown by such preceding assessment;
II such warrants amount to a sum equal to
four per cent and less than five per cent of
such taxable property, they must levy special
tax OF eight mills on the dollar as SHOWN oy
uon oup, p,e1 10 y snm eona, to ,brae ner cen, and
less than four per cent of such taxable proper,
ty they must levy special tax of six mills on
the dollar as shown by such preceding assess,
me"' ~ sav" sna ,"ss ,hsn ,hrss u, ner nsni Of
such taxable property. they must levy special
tax of four mills on the dollar as shown by
such preceding assessment If such warrants
TO one per cen. ,ess % s@o per
special tax of two mills on the dollar as shown
by such preceding assessment, and if such
warrants amount to less than one per cent OF
such .axsDe prope,'s 'nen .ney must ievs
1ren nreced,uy assessment as shall bc sufcisnt r.
pay such warrants All moneys arising from
such special tax shall be placed in specia
fund Tor II the redemption OF snch L., warrant ,
fund which shall be known as the warrant m re
demption fund. All moneys in the count,
treasury at the end of each fiscal year, no
needed for current expenses, and applicaol
radomn,ion rad,U, S,'i, tuud ne '''''O " '"'D q"
Tho question for tho noonlo :,
oons;der 10 wbotbor wo sba1l hon,
tho county for s74 400 mr. wbetbo
wa shou Iood orrSoIvos down w;tl
a tan-mill t.x for a term of wear
to nav off tho daht .s fact q
wa can Tn tho call for snoc;a
election Il will ha coon +bat III
nronosod ;ssrn of honds rnns e.
Ton yaors when ton nor cent ,
tho nr;nc;nal ;s to be Maid and te
nercent apnna]lv thereafter tbr
) ext;non;sb;ng the entire debt .;
twenty Years
When the first nsvment becomt
aro on tho hondS ~ 1oo5 = ;s no.
sonable to exnect that we sha
l have at least doubled our nrese,
taxable nonnlation and taxab
1 nronertv thns l;obtening the bn
don of naymapt all oround As
ronerol pr;no;nlo II 10 not met
II Saddle o,r dehts on nostor;ty. h,
on the other hand we the nioneer