The new era., 1909-06-17
JACKSON COUNTY
STARTS BUSINESS
WITHOUT DEBT
AN EQUABLE SETTLEMENT HAS
BEEN REACHED, SATISFAC-
TORY TO THE C0MMIS-
SIONERS OF BOTH
COUNTIES.
Fort Collins, June 10th.

jackson county starts its career as an
independent community debt free and
with money in the cash box, in accord
ance with tho terms of an agreement
signed jointly this morning by the
boards of commissioners Of Jackson and
Iarimer counties, who have been in
conference several days at the court
house, outlining the details of settle
ment. Larimer county, in return for
certain concessions, assumed the bonded
debt of the entire county. An equable
settlement has been reached, satisfac
tory to the commissioners of both coun-
ties. County Attorney Herring has ad-
vised the local commissioners on all le-
gal points and safeguarded this county's
interests in every particular. The first
section of the resolution, which was
spread upon the records today, contains
Introductory matter and the indemnity
clause.
Beginning with the second clause the
agreement reads as follows:
Second-That the county of jackson
shall have no share in the assets of Lar
inner county, or in any of its property
other than such assets as are within the
boundaries Of jackson county, aud that
each county shall retain such of the
county assets as are within its own
boundaries.
Third-That Jackson county shall
bear its pr" rata share of the bonded in.
debtedness of Larimer county which
pro rata share is hereby determined to
be seven and one-half per cent, and to
amount at this time to s2,325.
Fourth That jackson county shall re
ceive its pro rata share of the partial
tax collections for the year 1908, and of
funds ACQUIRING from other sources to
June 1, 1909, which pro rata share is
hereby determined to be seven and one
half per cent, and to amount to $6,975 16
and pay its portion of the expenses from
January 1, 1900, to June 1, 1909, which
is hereby determined to amount to ST.
016.34, the balance of the amount, 49,
633 80 to be transferred to the treasurer
of jackson county. together with all
school funds on hand June 1. 1909,
mounts being, general fund, 1857.
special school fund, 81, 1886.
Fifth-It is further agreed that Jack
son county shall pay the expense of its
assessment for 1909. assume its own tax
roll and collect its own taxes from June
1, 1909, and that upon the receipt of the
tax roll of taxpayers living within the
boundaries of Jackson county from the
treasurer of Larimer county, the treas
urer of Jackson county shall give a re
ceipt to the treasurer of Larimer county
for the taxes shown to be levied by Lar
inner county. which said receipt when SO
given shall be full receipt for the taxes
levied by Larimer county within the
boundaries of Jackson county. it being
hereby agreed that June 1, 1909 is the
day of the organization of jackson coun
ty. And it is further agreed that the
state tax of mills on Jackson county
property shall be paid by Jackson coun
ty. And in case Larimer county is re-
quired to pay said tax, by the st ste au
thorities, it shall be refunded by Jack
son county, or deducted from any mon
ey due Jackson county from Larimer
county.
Sixth-That in the event of the dis
tribution to the several counties of the
state of Colorado of the forest reserve
funds now in the hands of of the state
treasurer, if the portion received by
Larimer county shall include the por-
tion accruing to jackson county (as
though the counties had not been divid
ed(, then I.arimer county shall pay to