The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1922-10-06
BOARD OF EDUCATION
Icentirued From Page onel

within the estimate submitted, the
practice of the -strictest economy
will be necessary, and the commit
tee feels that all concerned with
the schools will be willing TO do his
or her part toward this end.
THE committee recommends that
there be levied for the current fund,
for the coming year, twenty eight
mills and nothing for the special
fund
Judge Hughes moved that the
report be adopted by the board as
read and Senator Widell seconded
the motion. All members OF the
board who were present voted in
favor of the report
Insurance On Lincoln Building
Senator Widell then read the re-
port prepared relative to the plac-
ing Of the fire insurance on the
Lincoln school building. 1t is as
follows:
"The finance committee has di-
rected the placing of $4,000 Of fire
insurance on the new Lincoln
school building, and $4,000 on the
contents. The cost of carrying the
S75, 900 insurance on the building
for three years is S91S.75. It has
also been suggested to the commit
etc that it place 100000 of FIRE in
surance on the new building under
the CO. insurance plan, this being
on an eighty per cent, of cost vaiu-
alton. The rate under CO. insur
mittee finds that the cost of car
rying this sum undeh that plan
woul dbo S1.470 for three years.
In view OF the fact that the build
ing of what is known as fire proof
construction, the committee was Of
the pcinion that the lower sum
would be $1,470 for three years.
it. which would provide for the
largest possible loss in case of any
ordinary fire. In arriving at this
conclusion, the committee has been
expense to the district The tax
burden of the people is a heavy
one, and we have felt that econom
les should be practiced wherever
possible. The committee has rec
commended a reduction of approx
matefy $4,000 in the tax levy, and
in doing so has had in mind the
fact that the strictest econmy must
be practiced in every department,
so that our expenses may not eX-
coed our income.
In case the board feel it wise to
carry larger fire insurance on the
building. this can still be done, and
the committee refers the matter
back to the Board. either to ap-
trove its action or to consider the
insurance plan and act as its
Judgment dictates. Perhaps the
Board should know that the COM
mitee has been told that in case of
very hot IRE, even one arising
heat and water on the building
would be such as to very badly
damage it, if not to destroy it
altogether, in spite OF so called fire
proof construction. However. the
committee feels that such a fire
would be OF very remote possibil
ity."
E. F. Soaring, secretary of the
board gave an account of his re-
port to the finance committee in ref
erence to the lowering of the school
levy. The unpaid balances on the
Lincoln school building On August
first, he said. amounted to sos 20.
which together with summer repairs
had to come out of the balance from
-ri1e specfaf ftrnd. There would be
received from the November tax set
Element. $4,000 or more for the
special fund. which would be able to
take care Of that fund for another
year, without tax levy
In his estimated report which fol-
lows Secretary Soaring has not in
cluded any receipts from the state,
under the law that provides from the
reimbursing of school districts that
expend more than twenty mills for
their current expenses. The district
has not received any aid from the
state for this or the past year, he
stated. Mr. Soaring pointed out that
if this money is received another
slashing Of taxes for the people was
made possible.
The estimated report is as fol-
lows: