Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-01-29
BONDACT
TO BE IN
SOON

The Carson City Promotion Asso
citation held its regular meeting last
night and looked over the draft OF
tne bill to give Ormsby county per.
mission to issue $4,000 worth of
general Improvement bonds.
The bill will provide that the mon
ey derived from the sale of these
bonds shall be used to retire ali the
Agricultural district bonds. to pay off
the debt the county owes the city of
Carson City, some $4,000, and for the
general improvement of highways
and bridges.
AS explained before in The Appeal
the tax rate for the county will gain
u net reduction of cents a hundred
through the issuance of these bonds.
Without the issue the tax rate would
be higher and with the special road
tax which the county commission
crs might levy, the rate would be
as high as $345 with a net income
VI P-ooU LOT all purposes.
There is at present school bond
issue out, but these bonds are self
retiring and care for themselves out
of the present levy and apportion-
ment The new issue will be for 20
years and the Association last night
sanctioned an interest rate not to
members wanted this limit at per-
cents and it was finally left to the
county commissioners with tne I'M
dcrstanding that they should not
make the rate per cent unless nee
cssary to sell the bonds readily. At
this rate the issue should command
a premium of nearly. if not more.
than $4,000 as the county is free
from bond issues and well fixed to
handle the $4,000 debt.
AS stated the money IS to be used
to, retire the Agricultural bonds .
watch has been load on the county
Tor years. II will also pay off the !.
floating debt now owing to the city. |
with these two items deducted, the /
county will have nearly 100000 with /
which to improve roads and bridges,
and should have from this fund, if
properly expended. the finest system
of roads in the whole state of Ne.
vada.
Washoe is asking for 100000 with
which to improve her roads, notably
that between Carson City and Reno
and little cooperation between the |
two counties will result in a fine
highway between the two most i'm
rortant cities in the state.
Assemblyman Raycraft will intro
ouce the bill in the assembly and as
the Ormsby delegation both in the
house and senate is unanimously in
favor of the bill. its passage is as
sured.
The county commissioners will
meet Monday to pass the necessary
resolution In regard to the matter
and the bill should go through the
legislature without any delay.
Another matter considered at the
meeting last night is that of the
state Prison. Warden Maxwell was
present and explained points in his
report for the benefit of the mem
bers.
resolution was passed pledging
Tho support of the city and county
md the legislative delegation thereof
to the recommendations in the War
dens report. As the prison commit.
tee has endorsed this report, it is al
most certain that the legislature will
appropriate the necessary funds with
which to start taese improvements.
conditions at the prison are deplor-
able and disgrace to the State of
Nevada. No other penal institution
In the whole country is in the poor
shape this one is, not through ne
glect but as a result of the antiouat
'd equipment.
-O-O-
sELFoRD STAYS AWHILE
Sam Bolfor1 Of Whit, Div aa,,....,