The Colfax gazette. [volume] (Colfax, Wash.) 1893-1932, 1911-11-24
TO VALIDATE
SCHOOL DEBT
HIGH INTEREST BEARING WAR;
RANTS CAN Be REPLACED BY
Low INTEREST BONDS.

Every voter in Coliax should re-
member that Saturday afternoon.
November %, is the time set for the
school election for voting on the
question of ratifying and validating
the Indebtedness of district No. /.
TWO elections have been held for III is
purpose and both carried but in both
instances the state made a bid on
the bonds and the attorney general
found some technical error in the
election and refused to approve the
| bonds. After the first bonds wei e
turned down the directors Of the dis
trlct asked the attorney general for
instructions and received them. The
election was held and immediately
afterwards instructions were receiv-
ed on a point which had been passed
over in the first set of instructions.
The attorney general again refused
| to approve the bonds on the techni-
cality.
Careful consideration has been
given to the letter of the law on
every point in the notice for Satur-
days election and in the ballots.
Legal advice has been secured and it
! is believed the attorney general will
| be unable to find a single letter
wrong.
A vote to Tatify and validate the
Indebtedness will be carrying out the
plan of the different school boards
for the last six or seven years when
efforts have been made to keep the
COlfaX school system abreast with
the times and give our school chill
dren an equal chance with the young
generation of other communities for
an education. 1t will also permit the
issuance of low interest bearing
bonds to replace the high interest
bearing warrants which are now out
standing against the district Bonds
can be sold bearing from four and
one-half to five per cent interest.
while the warrants which they will
replace are drawing seven and eight
per cent interest.
Four separate questions will be
submitted as follows:
Shall School District No. / vail
date and ratify the warrant indebt-
edness of said School District in the
sum of $31,740.75 incurred for pay
ment of bonds of School District and
interest, which matured August I ,
1911.
Shall School District No. /, Whit
man County, Washington, validate
and ratify the warrant Indebtedness
of said School District in the sum of
S25, 100000 incurred for making pay
ment on New High School buildingo
Shall School District No I, Whit
man County, Washington, validate
and ratify the warrant Indebtedness
of said School District in the sum of
S4,50O.50 incurred for paying teacn-
ers' salaries?
Shall School District No. /, Whit
man County, Washington, validate
and ratify the warrant Indebtedness
of said School District in the sum Of
$902.63 incurred for janitors' sal
aries and incidental expenses of said
School District?
When the warrant Indebtedness
has been validated and ratified the
school directors will have the author
ity to issue the bonds and sell them
to the best bidder. A few weeks ago
the state offered to take the bonds of
the district at four and one-half per
cent interest, but owing to the tech
ricality discovered by the eagle eye
of the attorney general, the issue was
declared void.
The election will be held at tn
new high school building on Mill
street and the polls will be open from
/ o'clock p. m. until O'Clock or
Saturday, November 25.