Every evening, Wilmington daily commercial., 1920-12-15

oIuy phYh tnn 20 oepitaLIOu LAX VIII uaFS
a vote on Saturday. Tho reply was that
ho will, II his tar has boon paid for this
year. There was some discussion NJ 70
whether or not nan who has not paid
this y-aFs tax would hsve q vote, and IL
was tho consensus OF opinion That the
last tar levy must have been paid before
the taxable can vote on Saturday Mr..
Gallagher At this point explained that the
present 75-oent rate provides tho overhead
Tor taking care Of a $4,000 bond iss,ie
and an old issue of 81 900 still standing
Tho only reason for an increased tax
ratio will be To take care OF the difference
between tho $4,000 and Slb5, 900 bond
Issue, $4,000. IL was explained TINT the
district can only bond for schools up to
8 per cont Of tho asseesed valuation. This
would be 100000, but ns there are
81 900 on bonds outstanding on ono of
the present building, the sohool auxiliary
agreed TO give tho &225,0O0 If sl55 900
bond issue was made. Mr. Gnllaher said
n number OF persons had asked why IL
was necessary 20 call tho referendum at
this time. He then produced the letter
from the school auxiliary referred to In
answer 90 that query.
It was brought out by question
asked by Frank Collins that the bonds
would be serial bonds and per cent Of
them would be taken up each year, which
naturally would gradually decroa.e tho
expense.
MIR. Gnllahcr said the bonds would
have TO be sold Mt par and would probably
by five per cent bonds, exempt from all
taxation.
LOCAL BoApD uArDLrs bonds.
Mr. Beals wanted TO know who would
| have charge of the money from the bonds
and IL was stated that the local board
| will have entire charge VI IL. We'll, M !
understand IL. the only thing the school
auxiliary aeks in addition - tho issuing
Of the bonds In the approval uf tho plans
and specifications for the building There
| interest then ends In TINT oorreUt7' This
question was asked by MIR Collins and he
was informed by DR. Steel and Mr. Gala
her that his understanding was correct
except that the State Board would alru
have 10 approve the plans, The state
| Board, however, would have to approve
plans for n new school building under any
conditions Several persons made express
siOns tn the effect that they thought the
| propagation n fnir and liberal one. Mr.
| Gallaher said tentative plans for the pro.
posed building have been drawn, but
nothing definite has been agreed on IN
that particular.
Clarence Grant. who favored tho pro.
position. raid he considered in paying hif
taxes now tina he war paving for the
Hchooling that he had received and he
| thought others should feel that way
when they start 10 pay school taxes.
The question Of salvage of the present
| buildings was brought up by MIR. Collins,
| but IL developed that the grammar school
| il the only one that the district owrf
outright The primary sohool property
or at least part of IL, reverts 90 the Lewis
estate unless used for educational pur-
posea
Dr Steel wns spplauded when he stated
that Newark should make sure Of the pro
po-ed gift by putting over the bond ss',s
let New Castle yet hers where she can.
| but We should take advantage Of this offer,
aH NJ the most IL will only be two or three
years before we will have to get new
| building" lie said tho objection has been
made that building mRtsih viii be
cheaper in year or 81, but he hardly
thought Il would drop sufficiently 10 erect
n building for slbh, 900 that will now cost
$3.50. 600 He said under no circum-
staneee would any attempt bo made 20
iaFia bondH unle~r authorized by the
next Legislature. In conclusion Dr, steel
eaid he only difference is a probable IN
orease in tsxcs Of 4 Ia q cents on the siO1
and that was a small bet against s225, 900