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

Less net tax cancellations on 1910
rolls as shown by the treasurer's cor
Cancellations for Pend Oreille county,
$29,43S
Cancellations for Stevens county,
| $74,40
Total cancellations, s1O3,s44.
Net valuation of the tax rolls $1O,-
314.66O.
Pend Oreille county, original rolls,
$3,227,604
Pend OreiIle county, supplement. S.
$50 w.
Total, s3,233,1s4.
Less cancellatio $29.438
Net valuation of Pend Oreille county,
S3,203,746.
New Stevens county. s7,110,s14-
68.95 per cent.
Pend oreille county, $s.2O3. 746-
| BLOB per cent.
Pend Oreille counties. $10,314,66O-
| 100 per cent.
| Percentage basis for distributing in
| debtedneSS and credits:
| Stevens county, $685. per cent
| Pend Oreille. county, 31.05 per cent
| Value of that part of road district
No. in Pend Oreille county, $67S,998.
Value of that part of road district No.
in Stevens county, S2,179,737.
Total value of road district No. 2, ST.
85S.735
Percentage for distributing Indebted
ness and credits of road district No. q:
| Stevens county, 1925 per cent
| Total, 100 per cent.
| Value of that part of road district
No. in Pend Oreille county, $2,185, 393.
| Value of that part of road district
| No. 3 in Stevens county, $2,385,972.
Total valuation of road district No. g.,
$4.571,3
Percentage for distributing indebt-
edness and credits of road district No. g.:
| Pend Oreille county, 47.59 per cent.
| Stevens county, 52.41 per cent.
| Total, 100 per cent.
| Value of road district No. in Pend
! Oreille county, $678,998.
Value of road district No. in Pend
| Oreille county, $2,185, $685.
| Value of incorporated town of New
| port, $339,355.
| Total valuation of Pend Oreille coun-
| ty, $3,203,746.
Value of road district No. 2 in Stevens
| county, $2,179,737.
| Value of road district No. 3 in Stevens
county, $2,385,972.
Value of road district No. 1 and the
incorporated towns remaining in Stew
ems county, S2,545,205.
Total valuation of Stevens county,
$7.110,914.
Total valuation of both counties, &c.,
314,660.
And it further appearing from said
| tax rolls that the relative proportions
of property valuations were $685. per
cent for Stevens county, and 31.05 per
cent for Pend Oreille county, it is here
| by mutually agreed that the basis &C
copied for the distribution and division
of Indebtedness and property shall be
accepted at $685. per cent for Stevens
county and S1.O5 per cent for Pend
| Oreille county.
SECOND.
EXHIBIT "B."
Showing the total amount of warrant
and bonded indebtedness to be divided
for which the general credit of the
county is obligated. This exhibit COM
prises all bonded debt of the county, to-
gether with the Indebtedness evidenced
by the outstanding warrants drawn up
| on the following county funds:
| Current expense fund, general road
and bridge fund, INDECENT soldiers fund,
/ game protection fund and horticultural
fund.
Also the accrued interest computed
from the last interest paying period un-
til June 10, 1911, for the bonded indebt
edness, and the accrued interest upon
all outstanding warrants from the
| time of registration and endorsement of
the county treasurer, computed to the
10th day of June, 1911, or if called for
payment by the county treasurer prior
| to the date above last named, then to
the date of the county treasurer's call.
1t is hereby understood and agreed,
however, that where the indebtedness
of the county in any county general
| fund exceeds the amount of cash in the
hands of the county treasurer, which
| belongs to and may be applied to the
payment of warrants drawn against
| that fund that the cash in said fund
| shall be applied to- and deducted from
the Indebtedness of that fund, before
any distribution of the fund shah be
made, and that the remainder, II any,
shall be the amount taken for dlstr1pu-
| ton
| fected are:
Current expense fund, general road
and bridge fund and bond sinking and
/ 1t is further mutually agreed that
| where the cash to the credit of any
Ifund exceeds the Indebtedness OF that
fund, the outstanding warrants agalnst
the fund shall be deducted from the
cash balance before the distribution OF
the cash balance shall be MADE. me
funds affected by this provision are:
INDECENT soldiers fund horticultural
fund, game protection fund, county talr
fund institute fund and trust fund
INDEBTEDNESS OF STEVENS
COUNTY.
| bonded Indebtedness.
Bonds issued April l, 1894, $4,000;
rate of interest, 4 per cent; period, ~
wears; accrued interest, $155.55; total,
$2O,155.55 a .o-ooo.
| rate of interest 1-2 per cent; period,
20 years; accrued interest $437.5o; total
33,437.50 ~
600. rate of interest, 1-2 per cent;
neriod 20 wears; accrued interest. 1920;
total, $184920.
| Total bonds issued, $239,0O0
Total accrued interest, $1,5l3.O5.
Total bonded Indebtedness, $24O,51
O5
Warrant Indebtedness.
| Outstanding as of June 10, 1911.
Current expense fund warrants, $751;
1921; accrued interest $885.OS; total
$52.212.29.
General road and bridge fund war
rants $15O25.29; accrued interest,
S3SO.24; total. $15,405.53. Il.
Jndjg gent soldier fund, $1,000.
Game protection fund, $1,000.
Horticultural fund, $198.S5.
Total warrants. $66,581.35.
Total accrued interest $1,265.32.
Total warrant Indebtedness, $751;
846.67.
Relative proportion of Indebtedness,
based upon tax rolls of 1910:
Stevens county new valuation, ST.
110,914.
Pend Oreille county new valuation,
$3,203,746.
Original Stevens county valuation,
SO, $50.
Ratio of distribution:
Stevens county new, $685. per cent.
Dand OrniIla cOuntV (Q6W}, 3l.U6 per