The Adair County news. [volume] (Columbia, Ky.) 1897-1987, 1915-06-30
Road Catechism.

sue them until authorized by the legal
voters of the county.
| In what denominations are bonds is
sued?
Not less than one hundred dollars
and not more than one thousand.
At what rate of interest per annum?
Not exceeding per cent.
How long can the bonds run?
Not less than five nor more than
thirty years.
Can they be sold for less than par
value?
No.
When can they be redemeed?
At the pleasure of the court after
five years.
When bond is called for redemp-
tion at a certain time will that stop
the interest?
Yes.
How is the money raised to pay the
interest and redeem the bonds?
By the levy of tax on the property
of the county. 81
Is any part of it paid by poll tax?
No.
What amount of tax can be levied in
any one year?
Not exceeding thirty cents on the
one hundred dollars of the assessed
valuation of the county.
How is the tax when collected ap-
propriated?
First, to the payment of interest on
the bonds! Second, the balance to be
placed to the credit on the sinking
fund for the redemption of the bonds.
Does the county get any money
from any other source?
Yes, from the State aid fund for
roads.
How is this fund raised?
By the levy of a five cent State tax
on each one hundred dollars of taxable
property.
What counties pay the larger por-
tion of this tax? =
The richer counties. Jefferson
county pays into the fund over hun
dred thousand dollars more than it re.
ceives from the fund.
What is done with this money.
1t is paid the poorer counties to as
sist them in building roads.
Does Adair county pay into the
State fund more than it receives from
it? Elk.
No, it receives more than it pays to
the State.
If Adair county issues $I25, 900 in
honda, and puts this money on its
roads will the State pay back any part
of it?. a.
Yes, it will pay back one half, SIP :
800. .,es go -''
Then the county will pay one half
OF the cost of the road, and the State
one half? t....
That is correct.
How is this money spent?
Under supervision of engineers fur
nished by the department of Public
Roads.
What is the advantage of bond is
sue for roads?
1t enables the county to raise the
money and build the roads without
delay. With more mileage of con-
struction better contracts can be made
The public gets the use of the roads
without waiting, and the enhance
I ment in the value of the land comes
with the completion of the road.
How long will it take to build roads
in the county by merely applying the
taxes collected and the State aid fund
received from the State, as we are
now doing?
1t is hard to guess-many of us will
be buried before they are completed.
How long ought it to take to build
roads on the leading highways by Dor
rowing meney on a bond issue?
Probably three years.
What is the usual enhancement to
the real estate of a county by good
road construction?
It is said to be about ten thousand
dollars per mile. At this rate eighty
miles of good pike road in the county
would increase the real estate eight
hundred thousand dollars about twen-
ty-five per cent, on the present value
as shown by the last census.
What rate of tax is now levied by
the county for roads?
Twenty-Five cents on the hundred
dollars.