Arizona republican., 1919-04-28

Some people are asking the question, Flow are we going to know that the roads will be built where they are in- dicated on the map, if the road bond issue carries~2
 The chamber of commerce reports inquiries of this kind and an indication that there is feeling on the part of a few people that by some means the highway commission can change the To- cation of the roads. The best answer to this is the official call for election l which in part reads as follows:
 Now therefore. the board of super | visors of said Maricopa county, pur- 1 suant to the provisions of Chapter 51 of 1 the Session Laws of Arizona Regular l Session, 1917. and the acts supple 1 mentary thereof and amendatory there- | to, does hereby order and call an elec- ton to be held on the 17th day of May, i | 1919, by the property taxpayers who are in all other respects qualified elec- 1 tors of said Maricopa. county, to de- l ternine whether the bonds of said | Maricopa county in the sum of four million dollars ($4,00o 00o.00) shall be l issued and sold for the purpose Of con- structing and improving and making hard surface highways of thoses certain
 highways of Maricopa county desig- ] mated as proposed to be improved on that certain map hereinafter set forth, 1 marked Exhibit A, and by reference
 made a part of this resolution; said 1 roads proposed to be improved to in-
 clude among others those certain roads 1 designate on said map, which lie in
 Special Road District No. 1, Special
 Road District No. ,, and Special Road
 District No. ,, and the county to as-
 sume all the unpaid portions of any
 and all bonds of each of said special
 road districts. The rate of interest
 upon the said proposed bonds shall be
 five and one-hal per centun (51s) | per annunl, payable semi annually.
 Another inquiry is, What will it cost
 the taxpayers per annum?' The in
 terest on s4000,000 at 512 per cent
 amounts to s22G, ,000 or .0022s on each
 dollar of taxable property. The $4,000,
 900 bonds are to be taken up at the
 rate of s100,O00, beginning in eleven years and retiring this amount for four
 years, then for a period of ten years
 they are to be retired at the rate of
 S2e0,0 per annum and the balance to
 be taken up at the rate of s300,oOO for , the next five years. Roughly this
 amounts to s133, 1883 each year or .00135 on each dollar of taxable property on
 the basis of total valuation of $100, ,. ] 000.o00. This would mean that the man | who pays taxes on s1,000 would pay 3 $3.53 per year, as his share of the good
 roads of the county. This is on basis , of present valuations and not taking
 into consideration the lower interests !. costs as the bonds are returned.
 The valuation of the property of :. Maricopa county has increased from
 $67, ,0a0, 600 in 1914 to S97 7,00O,000 in 1918 1 and it will certainly be much more than I s1e0, 000, ,000 in 1919. At the same rate = of interest the valuation will be double V and treble before the bonds are al f taken up, making the cost per dollar oi Q l taxable property proportionately less.
 It has been stated by one of the mem ? bers of the chamber of commerce that }. in five years, with good roads, the , valuation will total s150,000,00o.
 2 WARREN McARTHUR, JR., l, Chairman of the Good Rfoads Commit tee of the Chamber of Commerce.