The Greenville morning herald. [volume] (Greenville, Tex.) 1890-1956, 1910-02-02

Continued From First Page.)
option period, They were issued for
the purpose of constructing wooden
school buildings on the present North
and South school cites.
Engine House and City Hall Bonds
Of 1890, s5,oo.oo.-These bonds were
issued for the purpose of construc.
ton and erection of the present cen
trail fire station. They carried an op-
ton period beginning 1909, and 81,
10000 We're paid last year during
Nichols administration and there is
outstanding on said bonds 100000,
and the same may be reduced every
year,
Central School Bonds of 1890, st2,.
ooooo.-These bonds were issued for
the purpose of constructing the pres
ent central school building and have
an option period beginning July 10,
1910 and the amount of bonds should
be at that time reduced.
Electric Light Bonds 1891, $4,000.
These bonds we're issued for the
purpose of constructing an electric
light plant. The power house was
erected on the north bank of Town
Branch. The power plant was remoy.
ed from this place to the present
site. These bonds do not seem to
have any option period.
School House Bonds of 1904, sie,.
ooo.oo.-These bonds were issued for
the construction of the present South
school building. They carry an op.
ton of redeeming $4,000 each year.
These bonds are the first of the bonds
providing for redemption of a certain
amount after the first year The cred
1t for this plan is due to the Hefner
administration and it is wise one
indeed, and has been subsequently fol-
lowed in every bond issue thereafter.
$2,50000 of these bonds have since
been redeemed. $4,000 during Hef-
ners administration and 100000
during Nichols administration.
School Building Bonds of 1906, s17.-
ooo.oo.-These bonds were voted for
early in 1906 during Hefner's admin
istration for the purpose of construc.
ing the present West School build
Ing. On account of the delay as set
forth herein above they were issued
Immediately after Nichols came in Of.
Gee as mayor. These bonds carry an
option of retiring $4,000 each year
and S1,5OO.0O OF the amount has been
redeemed during Nichols adminlstra.
ton.
GreenVIlIe Sewer Bonds, 1907, $40.
ooo-oo.-They were issued for the pur-
pose of purchasing and constructing
sewer system. They carry an OPP
ton of redemption of 100000 eacn
year after the firt year. 100000 OF
said bonds have been redeemed ana
there should be another 100000 re-
deemed at the option period this year.
There is no tax collected on these
bonds.
ereenVille Water Works construc
ton Bonds 1908, s67,5Oo.oo.-Thege
bonds were authorized and issued for
the purpose OF purchasing and con,
struction of the present water works
system and carry an option of retlr,
ipg Sl,50O.OO each year after the first
year. There is no tax collected fol-
these bonds.
Water Works Improvement Bonds
1909, S2,ooo.0o.-These bonds were is
sued by the council for the purpose
OF completing the construction OF the
water works plant, They carry an
option Of redemption before maturity
There is no tax collected for these
bonds.
Electric Light Construction Bonds
1903, o,0oooo.--These bonds wer,
issued for the construction and cree
ton of new electric light and pow
or plant. They carry an option OF
reeeeming sl,5oOOO each year after
the first year. There Is no tax beinf
collected for these bonds.
Bonds and Rate Of Tax Assessed fol-
1909.
School House Bonds OF 1886. ..O24C
Engine House and City Hall
1889 '...,...,,......,... .,Ol0;
Central School 1890 ......... .o2Ot
Electric Light 1891 ............ .Ols.
School House 1904 ......... ..O27C
Refunding Water Works wv.
w. SO OG ............ .Oglt
School Building 1906 ........ ..OgSl
Total Regular Bond Tax .......l57l
General Indebtedness Bonds. ..ol2i
Total Regular and Special
Bond Tax .,,......,..,,...20 zoe
Your attention is invited TO III,
above statement. There Is not a bon,
authorized and issued during In
Nichols administration in the aboy
list The total bond tax OF 20 cent
IS cents lover than the total bon,
tax for several years in the past