The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-06-25
To the Qualified Electors of
|SltLa City School District:

On August 1, 1893 the board of education issued a
s Of bonds aggregating $22500O bearing interest at
In cent and maturing August 1913. The law requires the
to levy annual tax of per of the bonds issued
the purpose of creating sinking fund to redeem the
@@ As only cent be provided far annually it
d take fifty years to raise sufficient funds pay off the
@ that were issued The board has each year levied this
w and with the amount received purchased it's oustand
bonds The board has always been able purchase
bonds of the particular series that the tax levied for
M the result the same, bonds to the amount of the
s are retired each year There will be left unredeemed
August Of this series of 1898 $155 000 1t will be
ssay to issue bonds refund these, the board
~ % In default the maturing bonds and under proper
mcclure levy would have to be made in sufficient
pay of the entire issue Of course the business method
vud be to refund the bonds
AZ the time the bond issue of 100000 voted in 1910
qualified electors of Salt Lake City school district it
M announced that the proceeds sale of the bonds
u De spent substantially in the following Two
Iofed thousand dollars for purchasing sites for grade
ppl buildings and erecting two grade school build
one In the northeastern part of the city and in the
uaFsrn part of the city; $5OOO00 for purchasing site
sna @ building high school and making additions to
o Ua nigh school building the intent being to spend
FAX" WV for the site and high school building and
49, % TOT technical building at the old grounds When
plans were fully worked it required expenditure
approximately $125Ooo to erect suitable building for
aiea work at the old high school grounds and supply
: name @ with proper equipment.
ine growth OF population in the southern and south
parts of the city required the erection Of two grade
~N Dnldlngs-the Whittier and Hawthorne-nstead of
MAI - originally contemplated SO that the board was com,
70 use part Of the money which it had contemplated
@ LOT The new high school building in the erection of
grade school building Part Of the first unit of the
sn school also constructed the north bench in
us Us iuLds would permit
ine nnds derived from the regular building tax have
@ ed IN building additions to the Longfelow and Jack
INntac ~ " paw f' " way ~
nuer these circumstances the board has not sufficient
h WIN which to complete and equip the high school
It VIII require Approximately 100000 for this
M s Inc added school population in the southeastern
so lne city, by annexation and by residents will
~ e erection Of another grade school building III that
NM, the city suitable site and building will require
Is 100000 The first unit Of the Ensign school
S De completed originally planned by the board the
b az Poplar Grove should be enlarged build
G aa be built in such locality to relieve the Poplar
n if -, IN addition to the bonds, if carried.
wall be absolutely necessary take of the bonds
k auTlng AS to the bonds for the completion of the
& and the purchase Of sites and erection of grade
@ 'nse need not be marketed until late In this
la conditions for bonds during such PERIOD but 1t
nd @ Thought best make provision for procuring site
a. W. Sruclng another grade building rather than In
extra expense of another election in the near future,
II ere s no interest bonds until they are marketed
- ~Agned) A D. M'MULLIN,
r. H. BRADFORD,
j. T. HAMMOND,
w j. BARRETTE,
4 t. NJ. BAILEY,
G. NJ SULLIVAN,
DR. F. S. BASCOM,
OSCAR W MOYLE,
FL v VAN PELT,
A G. GIAUQUE