The Belding banner-news. (Belding, Mich.) 1918-1973, 1919-07-09
TWO DIRECTORS
TO BE ELECTED
ON BD. EDUCATION
THIS AND MATTER OF FINANCES
SHOULD DRAW OUT RECORD
CROWD, MONDAY NIGHT

There win be two vacancies to fill
on the board of education when the
annual school meeting is held at the
high school auditorium Monday night
July ID, as Fred Il. Warner, secretary
and A. M. Hall, treasurer, absolutely
refuse to stand for reelection under
any circumstances and this being
final, there is nothing Lent to do but
to go ahead and elect. good men to
take their place.
The names of Verne r. Brown, su-
perintendent of the Richardson mill
Glen E. Wortley, Of Wortley & French
and Merton Smith of the shoe firm
of Smith & Whitney, are mentioned
as possible candidates and although
they have not announced themselves
and may not accept a position on the
board if it were rendered them will
undoubtedly be placed before the
meeting for election.
The question of free text books and
a redistricting of the district are 9TH
er matters which should claim the at
tention of every person in the district
and large gathering of people should
be there to properly take care of all
matters pertaining to the school which
NAV come up for settlement.
The matter of new school house
will also be discussed it is understoon
1t is very evident that something must
be done to take care of the students
in the schools in some way either by
a new large and modern school build
ing which would put the district deep
in debt or bv some alterations in the
present buildings.
The present bonded Indebtedness of
tho district is s16,50O. cf which So
500 must be paid every year. If a
bonded Indebtedness Of $150.000 more
is taken on. as some advocate for the
erection of new school building, it
would mean that the district would
have to raise annually an amount of
approximately $4,000 each year to
take care of current expenses, inter-
est, etc.
These are things which all should
deliberate on and full house should
be out to the meeting Monday night.
In addition to the above indebted
ness the citv has a bond indebted
ness Of $4,000, $65, 900 of which is
water works bonds. drawing four per
cent interest and due in 1895. Thev
are optional however after 1925 and
the city can paw them up any time af-
rer that date. if it finds itself possess
ed OF the means to do so.
$4,000 of city hall bonds. drawino
Tour and one-half per cent interest.
also stare the people of this citv in
the face. $4,000 Of which must be paid
next year and the other $4,000 in 1920
of the $4,000 Paving District "a,
bonds which money was used for the
MAN street paving, $4,000 was paid
IN 1917 and another like sum will be
paid this year. This leaves ar the
present time $21 900 still to be maid
On this paving job. Paving District
~, the Bridge street lob. cost the
CITY approximately S25.OOO and there
are bonds to that amount stand;no
AGAINST the community. the first s5e
ooO OF which falls due in 1928 and
80 900 more every two years thereaf-
ter until the year 1886. The district
"A" bonds draw five per cent and the
district "B" bonds draw four and one
halt per cent interest.
The school district indebtedness Of
$4,000 and the city bonds of s126.-
700 more makes a total of s142. 500
for the citizens to pay in time.