Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-21
W0ULDALLOW
STATE GENERAL
FUND TO BORROW
Auditor Would Also Repeal
Old Tax Levies And CAM
> eel 5-Year-old Warrants.

~, Ds Vct. a.. T.eepEA-
general fund Of North Dakota's state
treasury may become 9 borrower of
moneys u made n the semi-ann9ai
report Of State Auditor D. c. Poin-
dexter to Governor r. A. Nestos. The
auditor also recommends the, repeal
of old tax levies, the passage OF q law
sallowings the cancellation Of all q
rants more than five years over a4e;
tax Law Of 1915 apply not only to
that ear hut to all succeeding years
as far as the spread Of taxes Is con-
cerned. ~
During the past year, says Mr.,
PoindeXter in discussing the borrow
ings Of the board Of administratien
for the state, institutions, 1.-The board
to borrow at various times, and for
varying neriods. sums totaling nearly
n million dollars for the main
~tei,anca OF the! states penal, charitable
and educational institutions, Thas
action was made necessary by the--Ae-
bleted state of the general fund.-
which during the months when tax
enough to meet departmentaa pay
rolls and other expenses. OF the
amount borrowed, SahoYt hall
time (Octobef IL, 1897, sAndsVnhlAd
institutional bills will total aDProNi-
mutely three hundred thoth3aHd dal-
lars n,no more tbe the % present Mo1 msesa D kre q
ha"dshis on thu ii eisatiens sfteeted,
inasmueh as they m4St Ray.s the An
teresr twh, CHI ~amlOuntsSt p Iaany thou
sands Of dollarsl and theirNapproprl-
. htions do not take this item Into ae-
count. The delayed payment ct thei!
bills also t@precludest the ap~psstbilftY OF
their takineadvantage Of liberal dis
offer for pyompt settlement. '<s ~
Until the funds are nornaals the
auditor suggests that authority OF
law be granted to either. The state
auditing hoard or the emergeney
commission. permitting them to ne
gotiate loans direct TO the geAersl
fund, making due provisions to meet
the interest oharges:saa. ( 4!
Would Abolish, Mil Taxes.
The mill tax leviss Which the audi
tor recommends be Rbolishea are:
school Of mines, Valley City normal,
Minot normal, Mayvillesnormal, school
Of forestry, scho9l Of science, school
horsel fund, bovine t~uberculosis fund
wolf. bounty fund, terminal elevator
funQ, aHQ 4BTiCultHEAl T. FaliIlHE
schools. He would have the. proceeds
fromsthe yet uncolldetedstaxe for the
yeaFss In which these mill taxes were
levied t~nFAed..lntQ the general fund
The nrsssht syHtem keeps twenty.
ihrsaS Y Items. on the books of tbs
state tF94lAVksFIand state auditor t.
defGaas.f g e. collection Z Ct 2 few
TRsJsNtSSancel outstanding war:
rants Sa1tef 4 nv have been issued IL
along th4 line, ~ lis aI4special
fs asissSsas as 81 = slt aIse bssWssl
the aN64ltarsKka Zee and the t~reasurer'i
ofles%%ssss4 &$SN133ttarence which wsss dis:
coyeEaAS d Mssssudit lMurlng aoVerno,
HannAN Narration. .extenda bach
Ind has been carried
zihsa IA sa y : end s.l ths ' - y RICH
/, countinE Ben the two dspart'
meutss 4At&&1 &SAMount, as9ss
laW,nsQlESS punts will, be- ;areatl,
simRM9NdyN##B state will receive gitl
eoiisss sRe complies Viii iii
be fNhHYH4sSsSAf making aettlsIneHj
wltbsssax3Rly SSkkAAts on taxes which Hay,
nott&.NpJ4 EsseSt4epahly never @ill u,
COll@NE44 STS19SsSTE 10 s4sFsl %Ssa.sspX