The Newport miner. [volume] (Newport, Wash.) 1899-current, 1911-08-31

said district in the territory embraced
by road district and now lying in
Pend Oreille county. it is hereby
| mutually agreed to deduct from said
| $4,779.09 from the warrant indebted
ness, and the sum of S15.S7 from the
! accrued interest charges, leaving the
| total Indebtedness of road district No
for distribution, placed at the amount
| or twenty five thousand dollars
| ($25, 00O).
1t is further mutually agreed that
of road district No. 2 shall be made
after deducting from $4,000 the
amount of cash remaining to the credit
| OF road district No. on the 10th day
OF June, 1911, as shown by the book
| of the county treasurer and given as
S21 S5672
1t is further agreed upon that SO soon
as practicable, the auditor of Pend
| Oreille county shall draw warrants
upon and charge to the funds of the
| said road district No. 2 as now en-
braced within the limits of Pend
| Oreille county payable to road district
No. 2 of Stevens county
1t is further mutually agreed that the
basis of distribution shall befor Stevens
county 1926 per cent and for Pend
Oreille 1915 per cent, both based upon
the valuation of property located in
the respective districts as now
| outlined and as assessed upon the tax
rolls of 1910.
Under the terms of this agreement
it is mutually agreed that the amount
of Indebtedness to be apportioned is
$21, 856.72; that Stevens county appor-
tionment is 1925 per cent; that Pend
Oreilles apportionment is 1913 per
cent; that Stevens county's apportion-
ment at 1926 per cent is $16,665.75 ;;
that Pend ,Oreille's superintendent at
1915 per cent is $5,190.97 total dis
trict Indebtedness is 100 per cent, $2l,-
856.72. And that Pend Oreille county
against the funds of the district set
over as district No. 2 in the sum of
IS, 19097 payable to road district No. z
of Stevens county;
Showing Indebtedness of road district
No. 8, part of which lies in Stevens
county, and part of which lies in Pend
Oreille county:
Special Indebtedness Road District No.
3. Warrants Outstanding as of
June 10, 1911.
Ratio of NEUTRALITY-SUSPICIOUS. county,
52.41 per cent; Pend Oreille county.
47.59 per cent; warrants, $1S,586.88; in
terest $748.22; total, S19,335.1O.
And it further appearing that the in
debtednesS of said road district No.
is $1S,586.88 upon outstanding warrants,
upon which interest has accrued to the
amount of $748.22, making total in
debtedness of $19,335.1O, to partially
offset which there is to the credit of
treasurer, $5,O59.71, as shown by his
books on the 10th day of June, A. d.
1911, it is mutually agreed that said
distribution of the Indebtedness of said
road district No. shall be made after
deducting from the total Indebtedness
the amount of $5,059.71, as cash shown
to the credit of the fund
1t is further agreed and accepted that
the auditor of Pend Oreille county shall
issue against and charge to the funds
of the district now lying within the
territory of Pend Oreille county, and
payable to road district No. of the
county of Stevens, warrants in an
amount equal to it's just proportion of
No. 3.
It is further mutually agreed that
the basis of distribution shall be Sal
per cent for Stevens county, and 1853
per cent for Pend Oreille county, both
based upon the valuation of the prop
erty located in the respective counties
as shown by the tax rolls for the year
1910.
Under this agreement it is mutually
agreed that the amount of Indebtedness
to be apportioned is $14,275.39, and the
relative proportions are: For Stevens
county, $14,275.39. at SAL per cent,
1858, at 1853 per cent, S6.793.66;
total district Indebtedness, $14,275.39,
100 per cent, $14,275.39.
And that Pend OreiTle county shall, by
it's auditor, issue warrants against the
funds of district set over as district No.
in the sum of $6,79366, payable to
road district No. of Stevens county.
EXHIBIT "E," NO. 1.
Showing amount of cash in the gen
eral funds of the county, under date of
June 10, 1911. as shown by the books
of the county treasurer and certihed
to by him, copy of which is hereto
attached and made part of this eX-
hibit.
RATIO OF DISTRIBUTION.
Stevens county, $685. per cent.
Pend Oreille county, 31.05 per cent.
Fund. Amount.
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