The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-09
BONDS ARE ORDERED.
School Board Acts on the FUND
Ing of the Debt.
TIE AMOUNT TO BE s4oo. 900.
Movement TO Expert Books Fails-ar-
xxneefaent- for school Census
-The High school.

TIE city school boaFa last SF"s4s+s
0r1ersc the issue Of S4o.9s wortH %
6naz 10 meet The outstanding DEBT. also
.dopree a motion ordering the Employ
sens Of feE men to take the next S1sool
0Knsas.
Tige resolution on the school bonds was
prerared by the attorney % tfle hoard. W
r. White, vino Rad n section ~ section
for slsesn correction az the board ndGnt
suggest The resofu-ou - very lengthy
and rsz-stes that rkae issue IS In accordance
with the wishes ~ TIE peoase- VINO al an
election hesd Ars-18 q. f<s. voted 20 ratifg
esae debt Of school district No. L. The reso-
luton details the election and iis results
srd sets forth mat the unpaid DEBT OF tnis
.~.sool district. incurred for strictly school
district purposes, at the adoption Of me
resolution OF March q $50. was FaS,s9.
So 90 Of which was evidenced by nego-
liable coupon bonds and tss3.ass noi 30 esf-
deueesi. that The whole amount OF the
as.s,f does not exceed per cent on the
value of raae taxable property. authorizes
the board 20 borrow taeo.aso for rhe pur-
pose OF funding the debt. and TO Issue
negotiable coupon bonds therefor IN de-
nominations OF 81 90 each. 70 bear inter-
est n0t 10 exceed per cent per annufn,
payable serri-annuaiiy. dated July ]. lE5.
and 20 be payable June -, 49, az the once
OF the county treasurer OF King county.
or a. the Office Of the fiscal agency OF the
state OF Washington, At the option Of the
holder. The county treasurer IL next d.
rerfed 20 offer for sale the x+efHe bonds
IN blocks % 5000. All bidders are ordered
% deposit with the county treasurer ] per
cent Of the par value Of the bonds pid Tor
On deno@itfng their bids. The county
treasurer f. also Instructed to publish
notice % the sale Of such bonds IN AZ
least one weekly newspaper published In
aeattla ard also a similar notice IN The
rew York Times. In New York city.
No commissions are 70 he allowed fhe
beas.ls are no. to ne sold below par. and
the bidders are requested 10 tad fof ooh9S
hearing l. AZ + and per cent per an
nnrn f,ayasse ssesrfi-a unGally. or bonds
frsrinR some other rate OF interest not ex-
ceeding 6 per cent per anDum, interest,"
payable assni-anpgally. The form or the
bond l. then Described. aesd with coupons
T. 81 "A gaea sure similar 10 othef schooi
bonds already issued.
The resolution brought out but little
dlesuasion the various paragraphs being
agreed on a. read. Just before the pass
age OF the resolution Mr.. King attempted
10 amend II by making the payments for
the bonds ga gold instead OF United
esases Currency. but a. hts amendment
found no second the resolution was adopt
ed "a read and che secretary lnsN ucted
10 attend 20 the publication az the notices.
Or Churchill read the following reso-
luton;
y
wtaatiy made that the funds OF Seattle
school district No have IN the pas; four
or five. years been wasted and misman-
aged: and.
'tWAeras. Several prominent attorneys
have givea IL IS their opinion that many
Thousands Of dollars have been lost to
the district which may be- and should DE
recovered. therefore, be II
Resolved TShst an expert examination
OF all books. vouchers and accounts OF
this board from January I. fSs9. TO the
present date he ordered made and re-
port rendered 10 this board as soon as
possible"
Or Churchill explained that he felt
sattsficd the board had faithfully per
formed ns duties arSf conscientiously 50
bat there was one item THAI ne was not
satisfied with. in the adjustment OF The
old bond issue OF is9. he claimed, there
had been a double payment OF interest,"
which he Thought should he investigated
specifying that Jacob Firth had been
paid $40 coo interest on bonds for one year
while the bonds were still IN the posses
sion OF the board An effort. he chought.
should bo made 70 recover thas siaoJo and
resurn II 10 the credit OF the school dis
trict
Mr.. Colkett said the books had once
been exported ~ a cost or several nun
drea dollars which resulted IN fnding
THAI a hln Of Si6o had been paid twice.
ana he was not In favor Of ordering an
other such ssxpertiug tn a matter that
had been discussed and written atput
ard PUBLISHED at itsngth a. the time Mr..
Ktnk said the matter 81 the money paid 10
MIR FaUth was on re,ogd and could ne
faund without exporting the books. lie
vas nol tn favor Of chasing rasnrows
at the expense Of the school dtstFio".
Further discussion developed the tact
that the bonds IN question. instead OF De-
in.r IN the hands % the school board, were
bs 4ss4a ~ -
urer This ended the discussion and
aa no one seconded pr. Churchiifs Teso-
iutlon that gentleman quietly returned
h IL hts pocket.
Nh Waste called the attention or the
hoard a. thc law recently passed by the
legislature. hy which all honoraely dis-
charged soldiers OF the civil war shall be
a4t.n preference when apply iuS FOR posi-
lions IA ali putlic Offices Mr. White said
tAat Il VAS a question whethe- a posi-
tian under the school board could De
cotstrue4 as pahtlc once tie
&hauEht u vas. some Htste as
,,.tssian was hal whether the KAN con-
tenolatea thai employees now eiviag sat
tst.ctlan were expected - DE discharged
ia order a. make places for discharged
soldiers. No acsloa vas taken IN the
matter.
Tha applications OF ". T. Wills. Mrs.
a. IA Clark. Mrs \. <ida. ". n. t.ari-
NHf. \ EfF8Ar Alt-Filta@ ttti+ftF AttA
r Johnson Cor POSITIONS - census takers
ra~ school children were read ara ordered
a.eI and brought up the question 81 thc
necessity ~ taking fnil ard complete
census Of every cAN3 IA ;Ae city. Last
Near she nlcn and women were paid
nxei pea diem Tor tAc Rork. In view 81
the necessity for makinE good showing
the boar1 arcilel TO employ men only tais
year. ana ts fstS them uNe3 pei die n
ami "a rsr cafatR besides. ia order "a iu-
sure having cVefY chlid properly listed
II wss finally decided - pay the men s. q
dav ana three peaSls peT capita. Tae time
for taking shis census was limited 90
three weeks. commencing June I and ead-
tHe IHne - sundays no, included.
Thv aeBVol Nnd "a the hands ~ Coss7-
- Treasarrr Maple oA ApEjl p. IS0 was
reported ~ follows
Receipts.
fS4-
February Is balance ...-.....-.. 8 g. ga 81
March 2b-Coileei}on fS-4 ao4 tax ss3 -
Narrh SA-S'oliection 1871 and fax - 3
Mar~h SA-tenlieettau tSE Ans AK sN Fl