The Brandon news. (Brandon, Miss.) 1892-1961, 1920-04-01
PROPOSED BOND ISSUE Elk.
PLANNED

the voters of this Supervisors
District in the road bond election
next Tuesday, will explain in re-
gard to the necessity for the cleo
tion. Chapters 257 and 258, Laws
Of 1916, authorized the Board of
Supervisors to issue bonds with
out an election to the amount of 5
per cent of the assessed valuation
of the taxable property without
any vote on the bond issue, but
Chapter 200, Laws of 1913 chang
ed this and provided that no
bonds should be issued without
vote of the people, under Chapter
EST and 258, Laws of 1916. When
the Board of Supervisors ordered
the $70,000.0O bond election last
fall, it was my purpose to ask the
Legislature to pass a bill valida-
ting the 100000 bond issue. It
was thought that the 100000
bond issue in addition to the
100000 Federal aid granted to
this District and the contemplate
ed state money would provide suf-
ficient money for road work in
this district. When it was found
that the State bonds would not be
authorized, l considered it advis-
able to have a general law passed
authorizing the people to vote on
any bond issue to an amount not
exceeding 10 per cent of the as
sessed valuation of the property,
and therefore wrote a bill known
as House Bill 1872 and the same
was passed by both Houses Of the
Legislature and approved by the
Governor. After the passage Of
this Act, the Board of Supervisors
ordered the election to be held
April 9Th on the question Of $780,
10000 bond issue. 1t is necessary
to have $120,000.00 available so
that all of the roads will be assur-
ed of a fair chance. We cannot
rock surface all the roads, but
we can rock surface the East
and West Roads and the North
and South Roads and all of the
worst parts Of all the roads. |
would not be willing to rock sur
face the East and West Highway
and leave the other roads in their
| present condition. The efforts of
some to make it appear that the
| 100000 bonds and the $780,
| 100000 bonds will both be issued lis,
of course, not worthy of consider
alton as no special act was ever
passed by the Legislature valida-
ting the 100000 bond issue and
for the further reason that the
Law of 1920, House Bill 1872, ex-
pressly provides that the total
outstanding bonds of the district
shall not exceed 10 per cent of the
assessed value of the property ;
and the assessed value of the
property is less than $1,7OO,0OO
and therefore both bond issues
could not be sold because the two,
taken together, would far exceed
the amount allowed by law. No
action has ever been taken on the
! S7O,000.00 bonds voted last fall
and for that reason the election is
held on the $12O,OO0.OO bond issue
next Tuesday.
| The Federal Government has
1 assigned to this Supervisors Dis
trict the following articles:
| 1 No. 6 Gyratory Rock Crusher
i l 20 H. P. Gas Engine,
l 10 T. Holt Tractor,
Is T. Holt Tractor,
| so feet 18-inch Conveyor belt
with all appliances,
! 100 pounds drill stell,
| 10000 pounds T. N. T. powder
| 500 pounds Is pounds rails,
u 4 Ore Trucks or rock cars,
Is Rock hammers,
u Is picks,
/ Is shovels.
i This is in addition to the $780,.
! 10000 Federal aid money.
! Two tons of the blasting pow
der, worth 100000 has already
j been received and unloaded at the
Brandon depot and the balance
will be received as needed. OF
course, if the people fail to vote
the bonds next Tuesday, this ma
chinery will be shipped to other
I places as it takes money to oper-
i ate machinery and the Govern
ment is not willing to assign it
to any place and let it lie idle. If
j the bonds are voted, work will be-
i gin without delay as the lLegisla-
+ ture has authorized us to borrow
money to begin work and pay it
j back out of the bond money as
soon as the bonds can be engraved
and sold. Z
i With this explanation, the mat
j ter is left to the voters of the dis
4 trict for such action as they think
best. If the people want roads,
they will vote the bonds and if