Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1901-03-06
tc--coL BOARD WILL SUBMIT
PROPOSITION FOR ISSUANCE
OF 100000.
ri.E ELECTION WILL
BE HELD on APRIL 6.
Honey Is Needed for Construction of
New School Buildings in the
Rapidly Growing Districts.

At meeting of the school board last
night it was decided to submit to the
voters of school district No. at an cleo
ton to be held on April 6. a proposition
to issue additional bonds TO the amount
of 100000.
The matter was brought to the atten-
ton of the board by Chairman Mueller
who announced that the question of the
bond issue would have to be settled at
once: the question of the legality of the
last election settled by the courts or
the people of the district asked to vote
on another proposition.
One year ago the voters of the district
voted for the issuance of $4,000 and
bidders for the issue We're readily found
as Silver Bow securities are silt edged.
Before the payment of the money to the
district was made an attorney for the
corporation Offering to purchase the
bonds passed his opinion to the fleet
that the bonds We're defective on account
of the fact that the call to the people
failed to designate the several voting
places. 1t was decided to test the mat
tel in the courts but there have been
so many delays that the trustees are
inclined to the opinion that both time
and money will be saved by a new
issue.
Trustee Lane advocated the sub
mission of a new proposition to the
voters and as the bonded Indebtedness
of the district was so small he favored
issuing additional bonds to the amount
of 100000 instead of $4,000.
The idea of a 100000 bond issue met
with favor in the eyes of Trustee Moul-
throp who stated that $4,000 was needed
every year for the construction of new
buildings. Centerville. Walkerville and
n n 1No
to schools and new buildings We're
necessity. Clerk Richards stated that
the district was now paying $500
month for the use of buildings used as
schools
1t was decided to make the issue $780,
600 and the following resolution was
passed:
Resolved, That at school election
to be held on Saturday. April 6, 1901,
there be submitted to the electors of
school district No. l of Silver Bow coun-
ty. Montana, the following question:
Shall bonds be issued to the amount of
100000, bearing 4 per cent. interest, re-
deemab BILE in 10 years and payable in 20
years. for the purpose of purchasing
school lots and building school houses
thereon?"
An application was received from
1assph Swssze and others asking for the
erection of school house near the Nine
Mile house Referred to the building
committee with instructions to report at
the next meeting.
resolution ratifying the sale of the
TraVona school site property to the
Butte Land and Investment company
for $1,000 was passed.
Bills to the amount of $3.50 We're
audited and ordered paid
The clerk submitted the following
financial statement for the month of
February, 1901:
Feb. 7, cash in the treasury, STA
56a'3; Feb. %. cash received from taxes,
$S61o; total, $l14,650.43. Feb. %. war;
rants issued during month, So, 7S2. %:
March l. cash in county treasury. $685.
S6S2l; total, $11465O.43; Feb. /, cash in
county treasury, s12.63: Feb IS cash
received, $685.; total, $500. Feb. 2S, re-
bate on taxes SSH; March l, cash in
county treasury, $70.92; total. s79.O3. Feb.
i, due bills outstanding, $S03o5; Feb, %,
due bills cancelled, $659.0O March l, due
bills outstanding, $14465.
AIiOnrna1