The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1910-03-19
BOND ELECTION

TO VOTERS OF H LEXINGTON SPECIAL ROAD
DISTRICT.
special election has been called to vote March 18th,
upon a proposition to authorize the undersigned Special Road
District Commissioners to issue bonds in the sum of One hun
dred and twenty thousand dollars to m~acadamize the principal
roads of the district. 70 provide for the interest on these
bonds and a sinking fund to insure their complete redemption
within the statutory period of twenty years, a levy of nine.
twentieths of one % Tor one.eighth more than the road levy of
last year, will be necessary. This tax viii be gradually re-
duced-every five years $4,000 of these bonds will be paid, if
500 bonds are issued. At the present valuation this tax on the
average farm of one hundred and sixty acres in the district
will be about fifteen dollars per annum.
The principal reasons for submitting this proposition at
this time are these:
FIRST: Since this Special Road District was formed after the
levy of last May was made, the County Court has ruled
that your Commissioners are not this year entitled to
all the direct road taxes collected in the district, but
five forty-sevenths Of the total road revenues of the
County collected by direct taxation instead of twenty
%, the part paid by the district. This sum together
with that part of the saloon and billiard hall license
due to this fund is not sufficient to put the roads in
good condition and maintain them. So that without
bond %issueeven a beginning of good roads building will
have to be deferred another year.
SECOND: By an act passed by the last legislature the State
of Missouri promises to pay out of the State Roads
Fund into the treasury of any road district in the
State as large a sum as that district shall provide in
any year for permanent road building-the qualified
districts applying for this aid to be served in the order
of their applications. AS it is first come, first
served, - your Commissioners believe that this district
should not be late in applying. Itis estimated that the
bond issue would provide means for grading and mac.
adamhing twenty-five miles of road. The same sum
from the State fund would macadamize twenty-five
miles more, or nearly all the roads and cross roads in
the district.
THIRD: There would be great economy in letting this work
in large contracts to competent firms of road build.
ers. The district would get better work, cheaper
work, better freight rates on macdam and have the use
of the roads from the first.
Your Commissioners would respectfully call your
attention to the fact that the levy to support the bond
issue and to provide for it's retirement within the TWEEN.
ty years fixed by law, would at the beginning be only
%one-eghth greater than the present road levy, under
which our roads have grown worse from year to year,
and that this levy would be gradually reduced to less
than the present levy long before the end of the twenty
year period.
This is an era of good roads agitation and good
roads building. Our district belongs to the best of
the earth, and there seems to us to be no valid reason
why we should not get into line near the head Of the
procession.
6. W. F~REDENDALL,
OSWAL WNKLER
Ell. McGREW,