The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1904-04-29

VOTE TAES8,OOO BONDS
North Mankatoites Will Build Addition
to School House.
Forty-Nine Ballots Favor Proposition.
Twenty-six Against.
Heating Plant Will Be Installed in
the Structure.
Other News Items From Town Across
the Creek.
From Tuesdays Daily.

From Tuesdays Daily.
Money for the erection of four ad
ditional rooms to the North MankatC
school building and for new heating
plant for the whole building Will bt
borrowed from the state by District
No. 60. Such was the decision arrived
at last nights special meeting of the
voters of the district, held in one OF
the upper rooms of the school. The
total number of votes cast was seventy
five; of these forty nine were cast for
the bonds and twenty-six against them
Among the voters were thirteen ladies.
The meeting was called to order by
James Bennett, chairman of the school
board. Secretary Anderson read the
proposition on which the meeting was to
vote, embodied in the following reso-
luton:
Resolved, That District Nc. 60 in the
county of Nicollet, State of Mime
sofa, hereby makes application to the
state for a loan of $4,000 to be used
in paying for the erection of a school
house addition in said district, and that
the bonds of said district for the sum of
$4,000 be issued therefor, falling due
fifteen years from date thereof, and
bearing interest at the rate of per cent
per anum."
tnIInrs cd nv thn
chair: Joseph Kroeger, John Larson and
A. W. Strickland. Ballots printed "for
bonds" and against bonds were dis
tributed
MIR. Bennett explained that the addi-
ton of the new rooms would save the
rent of other rooms that would have to
be engaged by the board if the new
rooms should not be built. The interest
on the bonds would come to little more
than the additional rooms to be rented
would cost. The new heating apparatus
was absolutely necessary.
One voter inquired whether the money
could not be borrowed for period of
twenty years. Secretary Anderson re-
piled that fifteen years was the longest
period for which the state would make
the loan. The period might be extended,
however, after its expiration.
Thomas Taylor briefly addressed the
voters. assembled. Mr.. Taylor had evil
IDENTIFY made a careful study of the sub
iect. The rent OF the kindergarten room,
he said, cost the district $50 per year.
Next year additional room would have
to be secured in some way. If, as was
doubtful, another school room could be
rented anywhere, it would cost the dis
trict another 800 per year. Here was an
expense of $3.50 per year that the district
would save, by erecting the new portion
of the school building. Moreover, the
additional rooms would enable the dis
trict to accommodate more pupils than
it otherwise could Mr.. Taylor figured
tnat the room provided by the add
ton would enable the district to edu-
cate about 80 more pupils than it other
wise could. This would ,.a
d. =
Il $l25 more from the state. The tuition
that could Be gotten from pupiS outside ds
the district would increase at least $25
over the present figure. Putting togeth-
err all that would be gained and saved by
the erection of the addition to The school
building, it came to the aggregate of
1 e
innate. Nevertheless, it showed that
the interest on the proposed bonds
amounting to 1920 per year, would not
be heavily felt by the district
Mr.. Taylor also said that the dis
trict for some years had been paying in
terest on debt of 81 900 at 6 per cent
This debt had recently been reduced
to $1,000, by the redemption of bonds to
the amount of $1,000. The other S.
600 would fall due after two years
There was now in the sinking fund just
$500. To this sinking fund, $500 was
being added every year. By the time the
$1,000 fell due, there. would be $1,000 in
the sinking fund. The other $500 with
which to pay these bonds could be Dor
= rowed from the state.
Mr.. Taylor said $4,000 would be about
the sum needed for the proposed i'm
provements. There would be little if
any of it left. Two rooms could be
finished and made ready for use immed-
lately The other two could be finished
when needed
The reading of the result of the ballot
was heartily applauded.
A special meeting of the school board
= is likely to be held in the near future
- to advertise for bids and get the work
started. 1t is the present purpose of
the board to have the new addition COM
pleted by the time school opens next
fall.
Five pictures, all copies of famous
paintings, have been purchased by the
teachers of the North Mankato school
with what was left of the 500 prize
money, after paying the expenses of the
exhibit. One picture will be placed in
each room of the school, including the
kindergarten room. The pictures arrived
from the Twin Cities yesterday.
]. G. Graham of Good Thunder, who