The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1920-05-14


extraordinary session of the legisla.
turc last August and which were like
wise held up by petitions filed Will,
tue secretary of state. Attorney Gen
er;'l Ford holds that both questions
shall he submitted to the people hut
his opinion is silent in the event both
laws are voted in the affirmative. as
I" which will be the primary law of
the state in the future.
4 4 4
State Accident Board Efficient.
Assets of the state industrial acct.
dent fund. made up by employers Of
Montana who have taken out state in
Strance for their employees. are suf-
ficient to meet future payments on all
incurred claims and in addition to
provide contingency surplus which
Is necessary to assure adequacy in
event of catastrophe or Of unforeseen
succession or combination Of serious
accidents other than by catastrophe.
according I" +. J.. Marshall
Mr.. Marshall. who is Il fellow Of the
National Association Of .Actuaries Of
America. is in charge Of the Des
M"ine>. la.. offices of Frank J. Haiyht.
consulting actuary
The examination was made by direc-
tion "f q. J.. Porter. state insurance
commissioners. who was instructed to
make the examination hy the state
board "f examiners. Mr.. Marshall
says the board has been fair and ill.,
eral in settling claims and the cost
10 the employer has nevertheless been
extremely low and that the overhead
expense "f administration is "Sur-
priSingly small" and during the course
"f his examination the hoard retrans-
ferrr'l To The general fund Of the state
SaN.kW Of unused appropriations and
fees.
In speaking Of his work in Mon
'ana. Mr.. Marshall adds:
ut is very evident from the examin.
ation that the state Industrial acci-
dent hoard and its small staff Of eight
employees is administering the work
mems compensation act with great eff
ficienry. and Yet with an adminiStr;,-
tive cost probably lower than any
other similar institution: that the
funds are in excellent condition., and
that the plan is proving successful in
every way"
Renders Opinion on Basis for Bonding.
Attorney General Ford has written
an opinion regarding the full cash
value of taxable property Of Il county
AIS it relates To the limit to which !:
county may ohliyate itself in bonded
indebtedness.
His decision follows:
'''rhe full cash value has always
heen the basis on which To compute
the limit of Indebtedness in this state,
In view of this declaration of the pub.
lie policy of this state. the language
"f the constitution above must he con-
Strued tn. mean that the limit of county
Indebtedness is five per cent of the
value of the taxable property as thar |
value is disclosed by the assessment |
roll: and since the only value which |
appears on the assessment roll is the |
value fixed by the county assessor as |
equalized by the county and state
hoard of equalization. the cash value
taxable property and assessed value
mean the same thing"
r 4 4
Reapportion Federal Aid Funds.
On May I the executive committee
"f the state highway commission met
ut Helena to reapportiOn to the vari-
Gus counties the federal aid funds for
the year and to provide for the use Of
those not expended.
The commission now has contracts
for roads in effect for total Of more
Than $2.ONOOO in work on Montana
highways.
State Land Demand Below 1919 Figure
Application for purchases of state
and are not as numerous this spring as
asst year. according to Sidney Miller,
register of the state land office. To
late the department has received up
'ltcations from prospective purchasers
or only $3.50 acres.
At this time last year applications
'ad been received for purchases Of
100000 acres and $4,000 acres Of land ,
we're sold in 1919.
OF the applications to buy state ,
and this year. 1926 acres of Fer. /
as county land are sought. |,