The state herald., 1909-03-05
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.
Holyoke. February NH, 1909.

Holyoke. February NH, 1909.
To The Honorable Taxpayers of Phillips
County:
Your Board of County Commissioners re.
spee'iully invites your consideration of the
following:
list. That notwithstanding, that at the
Special Election held in your County, De.
cember iSth last. at which a large majority
oil the votes east were in favor of the issu.
ance Of new bonds, your Board of Commis.
s,onsrs n regret to say tina, they have been
rendered unable to comply with tho wishes
OF inc taxpayers indicated at that election.
Tor certain reasons. as follows:
because we find in the years 1901. 1909.
and 1898, that certain records of your County
vsa;e, were lnae.suraiely kept, to.wit; Two bond
the County Clerk, but also the County Treas.
urer TO register all County Bonds issued. both
as 10 date, series, number and amount and
lnis was not properly done by either OF The
ohieers mentioned, and
ponS. because your several outstanding County
ppohus' That the taxpayers voted to refund
n,eeember 18th, have been found 10 bear da,rs
dihefent from those shown In the records az
nc county and some of the bonds vary in
ia. da.e as much as : months and days, from
other election is necessary, which l. Ia he ~
greted but no blame can be attached 10 vnur
present board or to the preceding board but
ana a"e C, 70 the 9iheers serving. as County Clerk
as.
winch the bonds were issued, "
End. To a notice appearing elscybe,. T.,
ms ms, paper, OF Special Bond Election 10 he
neid IN your county on Tuesday, March s,,J
1909, and in which correct description Of tbc
cen,i, appear, they having been examined re.
seay' 50 that should the election carry as
before there will be nothing 10 hindrr ,hs
issuance of the new bonds, ''e
sro. There isLFrow due and pavab,. HI,
y'J'y yoIs county certain Bonds and Federal Court
~ 'ses, whieh viii, on April ist, amount
namely: '"ousahu DOLLARS,
Bonds and interest ..
" D. court Judgments. Ia.sI6 on
Al of which draws interest. at eight ncs c.u,
(s%) per annum. '>' Ns"'
4tn. ~ the coming election this board has
soneiuuea TO ask you TO vote upon the issu.
ahee OF SIs,Sio.oo OF So bonds and then nav
inc me, balance due Gi,iS4.oo) in cash. ou, oi
FUNDS derived through a levy which was mad.
last year. After paying this there will he
enough money left In this fund to pay the
interest on the new bonds for over one year.
mat IS provided, the bonds carry.
5th. You are now paying eight per cen,
.s.'( on your debt e44.ooo). and this board
cent, (6F). by issuing s.s,sI6.oo in bonds
bearing five per cen, $50 interest and mai
ing up the difference between six and i've
Per cent interes, during the nes, three years.
Inuei hW me new bonds would not become
que and payable for twenty years
9Th. II this Is done. then the saving IN ,b.
taxpayer each year in interest alone. would
Of sis,ooo.oo.
Tth. AT the election held December ,s,h
majority OF the taxpayers voted in favor
OF inc 'sssanee OF $ss.ooo.oo. 6h% bonds. and
sg,ooooo, So bonds, or a total Of $4,000 90.
which was not sufficient to pay of the eounty's
debt, so that 81 mill levy was made in order
TO raise sufficient funds 10 pay the balance;
this viii explain 10 the taxpayers. the reason
why the taxes are higher ibis year than they
were last. and
9th. II. on March ard. majority Of the
votes cast IS not found TO be in favor of the
issuance Of the bonds. then this board will
DC Obliged to rinse by taxation approximately
rhy Thousand Dollars Nsoooo.oo) during
the next three years or sooner. should the
United States Court order IL.
9Th. The raising Of sso.ooo.oo 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
nifty per cent, or onehslf a. much again a.
you arc paying this year. and this increased
taxation would continue three successive
years.
10th. On the other hand. as far as the
eouniys debt is concerned u the bonds arc
voted. this board can reduce your county
taHes during the next few yeafs. ip-wit;
Your taxes 10 be paid next year uoIo).
fifteen per cent usTl less than you arc pay.
ing this year; your taxes 10 be paid in the
y-afs 1871 and i9Is. seven per cent tTIl
less than you arc paying this year; your taSe-
TO be paid In the year 1919 twelve per cent
uES) less than you arc paying this year;
your taxes to be paid In the year 1914. and
subsequent years until such time as you
deemed Il espedlent 10 establish = small sink
ing fund to retire a part Of the bonds. twelve
"a 90 less than will tins
year
We await the indications of your pleasure
In the matter to he evidenced By vote on
Election Day. Tuesday March slrd. 1909.
Faithfully Yours.
BoiRD or COUNTY COMMISSIONERS
Of PhMifi County.
CYST JOHNSON, Chairman.