The state herald., 1909-03-12
OF INTEREST TO
PHILLIPS COUNTY
TAXPAYERS
Commissioners explain reason
for calling another Bond Elec.
tion. Taxpayers are now
asked to vote again on the
4th Tuesday In March.
Hoiyoke. February NH. l

Ho'yoSf, FforHdry mn, 1909.
10 ne Honorable Taxpayers Of Phillips
Your Board of County Commissioners re.
following:
lst. That notwithstanding, that at the
SPECIAL Election held in your County, De.
eenher 18th last. at which a large majority
OF the votes cast were in favor Of the issu.
ance Of new bonds, your Board of Commis.
sohers regret to say that they have been
rendered unable to comply with the wisbe.
~ tne taxpayers indicated at that election.
'of sef'ain reasons. as follows:
Because We find in the years 1901, 1907.
were inaceurately kept. to.wit: Two bond
~ ,,tg'sIters, IN which the law requires not only
,he county Clerk but also the County Treas
ufer to register all County Bonds issued both
III, +" aa'e' series. number and amount, and
oiheers mentioned. and
hecanse your several outstanding County
ppohus, that the taxpayers voted 10 refund
p,,eeembcr ,,e Sth, have been found 10 hear ds,cs
,hn uh,n'tsnt S from those shown in the records Of
daic as much as 3 months and q d,vs f,on, ~,
~ ~ Nonnty Records. and on this account an.
49,. S'eeuoh Is necessary, which is to he re-
sr s.u.a put no blame can be attached to your
alone to the officers serving as COUNTY e,e,L eu
anu county Treasurer during the years IN
which the bonds were issued. '>"'' III
2nd. To a notice appearing elsewbcr. IN
h.rl tnh paper, OF Special Bond Election to he
held in your county on Tuesday, Nah ~ "
1902 and in which a correct deser;nt;an - hu. H..
sen,i sonJs appear. they having been examined re.
sSenatIy, SO that should the election carry as
oeiore, there will be nothing to hinder ,hs
issuance of the new bonds.
,o,,, H,u. there IS now due and payable by
your county, certain Bonds and Fedryal CO., -,
judgments, which will. on April Ist nmo,,n,
namely: 'ousshu DoiIars.
u. S. Cou,, inIs .,.'''''' .Sso.Is4oo
Judgments ts''''.'...... I4.Si6oo
~ OF which draws interest, at eiebt ne, csU,
toNJ per annum. - >s"'
1-tn, ~ the coming election this board has
an nf 70 ask you TO vote. upon the issu,
the balance due Ei,Is..oo) in cash on, y
,uhls derived through levy which was mad.
'ast year. After paying this there will be
smolsh ;n, money left in this fund to pay the
intettst on the new bonds for over one wear.
mat IS provided. the bonds carry.
9Th. You arc now paying eight per cen,
lo-tl on your deb, (s4i.ooo). and this board
can borrow sis.sI6.oo. at practically sis ner
cent tes). by issuing sli,sl6.oo in bonds
;1''ns ;ps ~, nss M psf cent $50 interest and max
Under Law the new bonds would no, beeo,ns
due and payable for twenty years.
9Th. II this is done. then the saving TO the
,,afIayers each year in interest alone, would
Of lI7,ooo.oo.
7th. A, the election held December ,,,b
ssaajor''y of the taspsyers voted in favor
ot the issuance OF sss,ooo.oo. 6lSo bonds, and
fsY1o'oo' So bonds. or a total OF sJz,9oo.oo,
shi.h was not sufficient to pay of the county,
81 ,,..fI
70 raise sufficient funds 10 pay the balance.
this will explain to the taxpayers, the reason
Why The taxes are higher this year than the,
we're last. and
9th. II. on March sJrd. a majority Of the
VOTES cast is not found To be in favor OF the
issuance Of the bonds, then this board will
be obliged TO raise by taxation approximately
inty thousand Dollars S5o,ooo.oo) during
ine next three years or sooner, should the
United States Court order IL.
9Th. The raising Of 100000 by taxation
IN three years, would require this board TO
make an additional 10 mill levy each year for
three years, which would increase your taxes
hfiy per cent. or one.half as much again a.
you are paying this year. and thi. increased
tasation would continue three successive
years
10th. On the other hand. as far as III,
eouniy's debt is concerned. II the bonds ar,
voted, this board can reduce your county
taxes during the next few years. to-Niti
Your taxes to be paid next year O9ioJ.
fifteen per cent GsssD less than you are pay.
ing this year; your taxes TO he paid IN ih,
vars 1911 and f9is. seven per cent 60
lcss than you arc paying this year; your use
10 be paid In the year 1913. twelve per cent
ttzstD less than you paying this year,
your taxes TO be paid in the year 1914. and
,nbsequent years until such time As you
deemed Il cspedient to establish small sink
ing fund TO retire a part OF the bonds, twelve
yer cent Gsss) less than you will pay this
year.
We await the indications Of your pleasure
"a the matter to he evidenced by vote OF
Election Day, Tuesday. March sJrd. 1909.
Faithfully Yours.
BofRD or COUNTY COMMISSIONERS
" Phiiiifs ConHiy.
GUST JOHNSON. Chairman.