The Idaho recorder., 1920-12-17

estates that may escheAf 10 the
state; al unclaimed sIIoexu ana
dividends of any cOEporatiou incor.
porated under the lava Of TN state:
and AL other granto, devisea or Be.
quests made TO tho atate for kenSr,
al educational purposes
Thus the constitution defines what
shall constitute the stats school
fund: and the money derived from
any of the sources mentioned must
be placed TO the credit cf this fund
and can be used for no other pur-
pose. In order 10 insure the keeping
of this fund intact q further sase
guard was provided in the constitu,
tion.
Art. TX, Sec. 8. provides ~The
public school funds Of the state shall
forever remain 1pviolate ard intact.
tha interest thereon only shall be
expended In the malnlenAnce of the
schools OF the state. and shall be
distributed among the several coun-
ties and school districts OF the
state in such manner as may be
prescribed BY law, No part Of this
fund. principal or interest, shall ever
be transferred to any other fund. or
HsFu vi APPROPRIATED WASWIN Aa HUFE7
In provided The state treasurer
shall be the custodian OF this fund.
and the same shall br securely and
proitabiy invested as may BY law
be directed. The state shal lsupply
all losses thereof that may In any
manne occur
( You see that the state constitution
itself provides that this school fund
shall forever remain invioiale and
intact that only the interesG there
on shall be used: that the principal
shall be safely and proftaby inest.
ed; and that all losses shall be made
good by the state. II any part oI
this money Ia lost In any way. such
as by bad loan or investment. sui
icient amount must be taken from
the general funds CT the state tc
make good the loss.
A further provision was incorpor
ated in the constitution defining tbs
manner In which this money mus
be invested, and restricting II q
those loans and investments which
experience has demonstrated TO b.
the safest.
We also receive part of the for
est reserve fers for the support o
our schools. Last year we receives
from that source approximately tw'
Thousand dollars
The county school fuhd IL mad
up principally of funds raised by di
rect property tax, There ere tw'
school taxes. one known As the sstl
eral levy, which Is fixed by TN
board OF county commissioners an
st.a4 oft fK4 hss
.ts, and the other known as specia
! levy. which II hgod by the boards g
, trustees in the respective district
Hand Is levied only upon the propert
/ in that district. These leyies ar
/ usually pretty hieh and impose IN
greateat burden upon property owf
I erS.
We also derive cosiderabi
money from fines and forfeiturei
0ne-half Of all fines collected ~
turned into the school funds. =
when you hear that We have ha
.nome fellow up In the police c3ul
lfor being drunk and disordt rly, {
leome similar offenses don't feel sorf
for him, but just remember thar ha
CT the fine goes TO help support yot
school
In closing permit me to sas ihi
the efforts Of the taxpayers In pr
,yiding these funds. and OF the la
makers, are wasted unless YOU mai
use of the opportunities afforded yt
: by these schools. | want 10 ass
YOU that those efforts have been y
: forth for your special benefit, and
, trust that you will avail .yoursels'
OF the opportunity afforded and =
: cure for yourselves value receive
isr the money expended. In this W
lyou will demonstrate 10 the taxpa
ers your appreciation Of their efor
lin your behalf. and thus eneoural
them 10 continue the good work.