The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-04-27
TULSA GETS GOOD
SHARE OF ROADS
coNTINNEp IROM rNOL %

getting the roads dcsiguaiGd ON ihr
map.
Tulsa county gets lol mics u
road 40 designated ON the uI'lti'
map. and all the roads within a
radius OF more than 80 W'irN i'hd
into tho CitN ~ Tulsa Td'si '"hn
ly's delegation 400 the l'flhh'-tc Was
us much concerned about directing
and ceRtering traffic ana travel INTO
Tulsa as they were IN getting - large
amount of mileage ~i'hiu the huuu
darlcs q. the county Tulsa has
reached tho point why're rhc mu-l
depend tor her future grown ana
prosperity upon the surrounding ter
rltury more than upon ia" r"hIWuh
lty itself Tulsa has become lhigr
,ommoIeiat center and must rcarh
out into the surrounding TERRITORY
tor hundtcds q! m.cs 10 draw h"i
suvcuaurc. ana no section Of ia"
state VIII prurt NOR" 'y IN" con
struCt!uu of ths system oi EphdH
Ihln the city ~ Tuba Hud Tulsa
county. HuildlnR roads ls IN" h's'
Investment any Naio can MAKE" y"
STATE haf over been su'c"s7iul ~ me
construction Of roads * "pl on 'h'
bond psIc plan This In the modern
business method ~ financing. 1hc
great Industrial and financial enter
prices ~ the country have been hul't
ana malrtaincd on borrowed money
Nu bonds can be sold under the
amendment until and only ~ thr
n money a. needed to pay the cost or
construction No Interest on any
bonds viii begin to run unllI th'S
are sold, Therefore, NO lntores' VIII
begin TO run on any bonds untll tho
construction work has prngr"Haod To
the time when the cost thereof must
be paid. and then only on the
amount actually invested In tho con
struction Tho commission cannot IN
cur an Indebtedness during the hrSt
year after authorization In excess or
$4,000. 900 nor during the first two
years In excess OF $4,000 600, nor
during the first three years in ek-
Cess OF $40 600 900. Neither can the
communication sell bonds during any
ono ~ such periods In excess Of fhe
indebtedness authorized 10 he In
CURED curing such period and II
may sell only n sufficient number
and amount Of bonds TO provide n
sufficient sum TO pay the cohstruc-
ton cost that ~ due. The interest on
outstanding bonds viii range IRON
500 900 N year to not 10 exceed
1890. 900. In fact this maximum of
interest will never he reached The
highest annual interest will prob
ably never exceed the sum Of 81 $50.
900 The bonds are ~ lie retired
et the rate Of s. 200 oOn ench year
9 beginning August I, 1920,
Tux Limit Not Affected,
The constitutional limit OF "a
mills ad valorem tax for all state
purposes viii not be affected by the
adoption OF the amendment This
constitutional limit ls fixed by sec
tIon 0 OF article 10 Of the consutu-
tion. The amendment specifically
provides that nothing herein con
tained shall be construed To affect
or alter the provisions OF section .
OF article 10 OF this constitution"
As a companion measure TO the
constitutional amendment. the recent
legislature enacted new automoblle
license law. by the termA 0f wTch
tho revenues derived by tho state
from automobile license fees have
been increased 10 the point where
such revenues Will be sufficient, and
after Two or three years Will be more
than sufficient. TO retire the bond
ksuc and pay all ACQUIRING Interest
thereon. In the year 1914 there was
1000 automobiles registered In okla
homa. In i9lb, $1,000. In 1915, So
500 In 1917, f06. 600; In 1919. i27,-
900. 1t win be observed that from
1917 TO 1918, when the production
Of the automobile factories OF, the
nation was curtailed rs per cent by
the fedeFal government as "a war
measure, there was an Increase or
$500 registered cars In Oklahoma,
IL the same Increase prevails from
1918 to 1919, there will be registered
In oklahoma. In 1919, at least lb0,-
900 cars IL In conservative esti-
mate that there Will be registered
in oklahoma during the year 1890,
NJ least 10000 cars. ana II In GER
tain that the number OF automobiles
registered In Oklahoma will con
tinued TO Increase from year to year
The now automobile license law Inn
poses n primary minimum tax on all
cars OF SO. and surtax OF rs cents
sl00 on tho list price over and
above $500. For instance. "A car listed
at $1,000 void pay an annual tax
Of sl7bQ, the primary tax on the
first 1900, and rs cents a hundred on
the next $1,000. A $4,000 car would
pay an annual tax of t2E.1b. A 5000
car would pay an annual tax or
ttS75.
Full last on I1lc.
The department OF highways OF
tho state has the exact number of
all the different makes OF cars that
were licensed last year, and like
wise has the list price of all such
cars, and II has bocn estimated by
Anut III huAhVIlNt llhN hlhFT wv
new automobile licGnse law tho
average annual license fec on all
cars viii he not less than SIS per
car The first installmcnt OF bonds
falls due August /, 1890 The new
law was therefore madc TO become
operative January !, 1920. with
100000 cars registered, paying an
average fee OF tlb each, the ietftSt
mobile license fees would amount to
100000 for tho year l92O The
fees collected In 1918 from the regis.
tration OF automobiles amounted to
~ .l2b, 600 tu round numbers OF
This amount. the state retained 10
per cent to detray the expenses OF
the highway department and re-
turned 10 tho various counties from
which collected the remaining 90
per cent The various counties of
The state therefore received from
this source last year, about 81 900
600, 1t IL proposed IN the amend
ment to take two-thirds OF the auto
mobile liconSc fees TO retire the
principal OF the bond issue Two
thirds OF 100000 Is s. 900 600,
and thar ia the amount OF principal
of the bonds falling due each year
beginning August I. 1920, One-third
OF the auinmphilp Iggnsn fgtN ia 20