Every evening, Wilmington daily commercial., 1922-02-22
CITY COULD GAIN
MUCH FOR SCHOOLS
UNDER NEW CODE
Continued from page I

At last Monday nights meeting I'm
City Hall to consider the edvisability
Of issuing 31,0o0.o0o bonds for new
school purposes II was asserted by
one speaker that he had asked two
members of tho city Board OF Educa-
ton II they knew OF a provision IN tho
new school law whereby the city
board could come in under the new
code and enjoy tho advantages offered
by the provisions OF the code and they
admitted, this speaker said. that they
did not know Of any such provision.
Section 81 OF the school code reads
a. follows: The public schools Of the
city OF Wilmington. comprising the
present school districts may accept at
any time the provisions OF this Act
by resolution adopted by a majority
vote OF Ats Board Of Education and by
filing a written copy of such resolu-
tIon certified by the secretary of tho
board. with tho secretary OF the State
Board Of Educstion and by fling =
duplicate with the trustee Of the school
fund. but shah continue to conduct
and operate It's schools according 70
the pruvislons OF any special or other
laws. now applicable thereto.
Power to issue Bonds.
Another advantage the city board
would have under tho code would b<
, the power TO tissue bonds TO the
smeunt OF per cent Of the assessed
valuation OF the city real estate. TIL,
/, would be An increase OF per cent ir
their borrowing capacity for under
|. the present laws only per cent car
-
: bonds would be paid by the stat,
;, board and 1t is understood by thos,
familiar with the law that the bond
themselves would be paid off by tn
> state as they matured. In this even
= the city would be relieved of Gil thi
financial burden.
Further the state board would car
, for all the financial needs OF the schoo
!, board and the 100000 now appropria
I. ted by Council TO the city Board Q
= Education could be saved for tn
:. Council would not have to appropriat
anything TO the city board and thi
5000, 900 could be devoted TO othe
:. city needs. The state board woul
!. also supply the local schools with a
!" books and supplies II the city cam
under the code and this would be ar
= other big item the city board woul
= be relieved Of and the tax payers ais
:. relieved Of this much expense.
- Section IS Of the new code read
es follows: Tho Board OF Education
the special school district is author
= ized, and empowered TO issue bonds Q
- the credit OF tho school district.
:, amounts sufficient to carry out ii
It,tl ~ .srf%
- proved by tho State Board OF Educ,
- ton. Said Board Of Educatlon OF ar
- school district shall not issue bcn'
for the purpose OF this section in
- greater amount In the aggregate ths
FIVE per cent Of the assessed val,
- Of the real estate OF such school di
40 trict. The balance Of the section spec
=. ~ lies how the bonds shall be issued.
Va Under the code Wilmington wou
% be a special district and would
A operated by the city Board Of Educ
e. ton Just as It IS now for tho sta
-. board has made II a hard and ia
Gu rule not to interfere with the inte
nal management or affairs Of any
the special districts in tho state. T.
city board, 1t was pointed out tode
would not lose any Of its powers
RS authorities by coming under the CO
but would on the other hand gs
49, many benefits and the city woy
be much better of financially.
Under the present arrangement {
- !. city gets $750.000 from the state boa
- but under the code there would be
,,'' much larger sum. probably 3500,(
'e additional, allowed the city for I
DR.. snec,aI districts maize nm tha,r h,d,
n based on the average daily attendan
total enrolment, qualification
ay teachers and equipment and but
he ings. This budget goes to the legis
len ture and II approved there it cam
dr. be changed by the state board. "
M mington now presents a lump y
lrk Tor its estimated needs.