Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1919-11-27
WHAT THE BOND ISSUE PROVIDES

WHAT THE BOND ISSUE PROVIDES
Under the bond issue resolution passed by the Iowa
county board proposed bond the county the of
So, $50, 100000.
This money be used for the construction of "a miles
of road 10 miles of buminous macadam oad 40
miles of road surfaced with taings gravel and u miles
of sand clay road; total of 257 miles
These roads will be built from year year. the county
board determines.
1t should be understood the that the county
does not intend to sell this $2 900 worth bonds
The bonds will be sold from year year. the funds
needed for construction purposes and will not begin
bear interest until they Sold
Under the plan proposed $35OOO0 worth of bonds would
be sold in the year 1920 $500 900 1921 and $500 900 in
each year 1922 1929 1924, and 1925 Thus, the roads
would be built in six year period. In addition to the
bonds sod there will be spent construction in these
the and federal aid The county will receive in that
period 100 of aid and $46S 900 of joint state and
federal aid This will be added the total of the bond issue
for building roads, and will make total construction fund
of S., ,286, 100.
The bonds will bear interest the rate of per cent
They invariably sold above par, which amounts to re-
duction the Recently for instance Winnie
bago county sold $3.50 of bonds for $1S8 0O and the
So, 900 utilized to reduce the interest rate.
Another factor which attention should be called is that
these bonds are not sold from year year and the entire
left outstanding to pile up interest charges Imme
daey after the first year which bonds Sold beginning
with the year 1921 county board will begin retire the
bonds In 1921 they will take up 500 900 worth of bonds
and year thereafter including 1925 From then
1885, they take up $4,000 worth of bonds and until
they all retired This that the bonds left
outstanding entirely Immediately after their issue
begin to take them up
After the of construction the state aid
coming the county, amounting to S1 $50 year. will be
utilized retire bonds In the twenty year period this will
amount to S227 OOO The will allow this county $275
"a mile for maintenance the State Trunk Highways
Where concrete roads built the maintenance will
much less than this. The permits the county
the difference retire bods and in the period of the bond
ISSUE will amount $142 $780, which added the $227 900
used retire bonds makes total of $500 500 which will
receive to help retire the bonds
The average the county under the bond issue
plan will be 22O a thousand This that
assessed $40, 900 would pay $22 year in taxes.
This amounts ~ week, six day
There is hardly any the county who will not be will
ling to pay good roads, AS of
fact the way traffic is increasing in this county he will
pay it whether bond not, the maintenance
1ping up every year.
You have the choice of paying interest bonds get
good system of roads, paying for maintenance for patch
ing the roads every year. In the year 1914 five years
ago. Iowa county spent maintenance of it's roads $751;
In the year 1919 it spent $2 1885, increase of 700
per cent and it is increasing from year year.
The nub of the whole problem is, you going pay
the money How will you pay it? To get good roads,
on patch work?