The Owosso times. (Owosso, Mich.) 1897-1926, 1918-03-15


used by the County officials illegally
The Banks loan made to the following resolution of the
Board of Supervisors dated August Soh 1904
RESOLUTION
"Be resolved that the County hereby
authorized borrow such sums money from time to time be-
INCURRED IN COMPLETING THE COURT HOUSE; AND RUN
MING EXPENSE COUNTY"
The Officers of the Citizens Savings Bank made the loan the
Of the County Treasurer accompanied the Supervisors
% This had been the customary method of making County Loans
That the cost of building the Court House would exceed the appropriation
HAD NOT BEEN GIVEN PUBLICITY making
and Officers of the Bank did not knowingly become party
lawfully said funds for that other purpose.
The Bank ignorance the proposed investigation the Coun
finances WHICH PUBLICITY.
innocent victim which restraining
the payment of the Banks loan The contention that the
had exceeded their authority in borrowing this money
For the of large number of taxpayers of Sawassee
expressed paying oan
To correct the impression held by that the Intentionally
made by the Bank defiance of Law this statement of
is hoped the taxpayers and voters of shawassee County will
their fair minded and unprecedented consideration
Attention is especially called the wording
Supervisors authorizing oan authorized borrowing to meet the
EXTRA EXPENSE INCURRED COMPLETING
Also, to the RUNNING EXPENSES COUNTY"
The statement the Banks Officers
faith that funds would be expended for of the
your
further evidence part Bank
of loan PLACED
TNGENT FUND of shawassee County the Citizens Savings
EVERY DOLLAR of this upon
USUAL CONTINGENT Shawassee County by
CHAIRMAN OF THE BOARD OF SUPERVISORS COUNTY
VOUCHERS of the The
ONABLE CARE to insure the disbursement this
their except
the properly signed order when presented
Circuit Judge Wer Of Flint passing the legality the County
Loans at the me expressed this opinions eff the
be legally spent they should be returned those making
should be mind Jury expert
County money years
men of principal interest shawassee County justly the
s75 600 90 % thirteen % h h n1 meae
patching the Countys business in satisfactory
THE COUNTY HAS GROWN SOME IN THIRTEEN YEARS
Although the Building approximately there NO EVIL
DENCE THAT ANY OF THE FUNDS WERE STOLEN OR WASTED
Admitting that the expenditure appropriation
the time have been justly subject criticism yet after thirteen
EXTRA COST WOULD SEEM JUSTIFIED.
possible today
of the beautiful County Building?
The Citizens maturity County
not them DUE CHARGED THEM FROM BOOKS OF
$2ooOoOO HAS LISTED IN
THE ASSETS OF
loss but suffered indirectly
of their stock All transfers with
by old stakeholder.
Savings literally
sTITUTIoN residents
as plain act of justice
payment 5ac
considering what tax be- this loan
the Bank 100000, which the
outright as against the taxpayers ' per his
THE PROPOSAL BRIEFLY STATED
of his valuation
Bank eres 100000 its
ed valuation
In addition this the Bank will thousand all tax
payers.
pay thousand
The Banks principal and donate the
County the interest which $2000000 settlement and
entitled to the support Of
THE QUESTION THEN FOR THE VOTER
Did the Citizens Savings Bank good faith loan the County $20OoO0
Did the County the $2OOOOOO?
the making conducting the legitimate
business of the County?
If believe the County should this just debt,