Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1918-02-15
TO CALL ELECTION
ON 100000 ISSUE
COMMISSIONERS DODGE AND
SANS FAVOR PLAN-FORMAL
ACTION LIKELY MONDAY,

Action formally calling a special
election some time next month on the
question of issuing a total Of $60O,-
900 in bonds with which to make
various road and bridge improve
ments in this county. probably will
be taken by the county commission
ers next Monday, Commissioners
Dodge and Sans having announeed
at the close of the regular meeting
this week that they favored Offering
this plan at special election.
In making this decision, the two
commissioners overruled the objec-
tions Of the third member Of the
board, Commissioner Bennett. Final
action looking toward the special
election was postponed until next
Monday, to give Prosecuting Attor-
ney O'Leary time in which to prepare
the resolution setting forth the de-
tails of the proposition and the pro-
jects upon which the money is to b
spent.
Can BE Paid Serially.
The declaration Of policy follo111
receipt of advice from O'Leary to the
effect that there is little doubt Int
that the bonds may be retired ~ ".
", specified amount each syear, g
ltead Of BY the sinking fund plan ~
which the commissioners. 6bjeC(
too costly on the ground that the
county funds paid into the sinkiHg
fund might lay idle while enough was
sccumulating to repay the bonds.
1t was suggested at the meeting
that the state probably would buy an
sthas bonds issued of the total author
iseti' anu at Z lower'rate OF interpst
than private purchasers might -
Quire on = short-term isspe. TIE
plan is to begin the repayment Of The
bonds the first year after their
issuance. thus reducing the intere6t
each year. making the payments. for
example, q. the ratio Of $4,000 i
year out Of the regular road and
bridge levies and thus repaying
$15O,000. worth Of the bonds and In
terest in the first hve years.
Just how many bonds Of the total
$600,00O authorized would be issuea
this year would be, determined ~
the commissioners, but Il - said, -
be likely that all the bfeEent board
would issue wonld be $150,000 Or
100000 worth. suhicient to conA-
plete the ~ -mile stretch Of paving
on the Pacific highway between
Olympia and Camp Lewis and to con-
struct the Westside bridge. rt--4='-s.--. rs
Need Not Issue All.
1t is pointed out that just because
100000 worth Of bonds are author
iscd, II they should be. the commits
sioneEs do not have to issue the fall
amount. though they may do 10; 70
that II the government should later
adopt some general road improve
ment plan In which tho county direct
ly would not have to boar q share Of
the cost. no bonds would have to 10
issued.
An outline of all the road work
that might be accomplished with
100000. as presented to the COM
missioners by Acting County Hngi-
neer w. H. Yoager, includes the paw
ing of the Pacific highway from
Olympia to the Lewis county line and
of the Olympic highway from Olym-
pia through Mud Bay to the Mason
county line. as we'll as the paving Of
the Pacific highway cast of Olympia
and the construction Of the West
Fourth street bridge.
The calling Of a special election
on the question Of issuing this
amount Of bonds is expected to slim
ulate Q lively campaign.