The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1909-02-20
SCHOOL BONDS SOLD
EIGHT PER CENT PREMIUM
Is Said be the Highest Price Ever Paid for Bonds Of any
Kind in the Southwest.
NEW SCHOOL HOUSE TO BE MODEL.
Nine Hundred Enrolen, Will be Accommodated in Every
Detail.

Ai,er advertising Tor rve weeks
Tor bids on bonds to the amount oI
t2A. 900 to be issued by school
district numhcr one OF this county,
ih. bids were opened At a meeting
oi the school board last Monday
afternoon. No less than sixteen
different blds were in on the APP
pointed DAY and these represent, d
bonding companies from all ovcr
the United States. Most OF these,
it is said, were very good bu,
some were discarded on the ground
OF no, fulfilling all the require.
m-nss set forth in the advertising.
Alter considerable discussion the
bonds were sold to the Ulen, South.
lin company, OF Kansas City, Tor
nearly S2, 900 premium. or exastiy
1908. The bonds are thirty years
with the option OF redeem
ing them after ten years. THIS Is
SAID to be the best price ever paid
Tor bonds OF any kind ISSUED in
the southwest.
These bonds were advertised tor
sale alter an election which was
called 10y the school board for the
purpose oil voting s24, 600 IN bonds
10 be used IN the erection oi "A
school house aud making other
improvements on the school proper.
" OF this district. The voting OF
th. bonds was almost unanimous
as only twenty six votes were cast
against them out OF all votes
polled.
IL is believed that the assessable
valuation oi the property OF this
81 hool district is AT this time one
and one hall millions, assessed at
low percentage OF valuation. so
the amount needed Tor school pur-
poses will come easy TO the tax
payer. The voting OF the bonds
was an important event IN this
citys history and the attitude the
people took on the question shows
the spirit OF tn. times. The educa'
,ional interests can now 20 abreast
with the progress that the conmu-
nity is making in all other lines.
A new school house will soon he
under construction, and there is
no doubt now hut that II will be
ready tor occupancy by the time
the iall term begins. This build.
ing is 10 be one OF the best in cas-
tern New Mexico. a large sum is
TO be- spent on II and u will be pro-
ylded with al the modern improve.
ments and convent, noes. Accord.
ing to plans which are being sub.
mitted by the various archeiicts
the building will be one which
every citizen IN the county will
boast OF. The new one is not to
receive all the attention, however,
ior the others now in use, are also
to be improved.
The voting and the selling OF
the bonds will put an end to the
great question which has always
agitated this community. The
rapid growth OF the city has contln-
ually troubled the school boards
and the large enroliments have
never been fully accommodated.
The schools, it is true. have always
been able TO run Tor nine months
bu, the draw back has been lack
OF room Tor the accommodation OF
the pupils. This led to the ex.
clusion OF all children under the
age OF seven and all from outside
this district that wished to attend.
The board has always worked
faithfully on the problem and
wrestled with conditions as best
they could. Two years ago two
portable school houses were built
and another building rented, this
Continued on Page 81