The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1923-08-17
RECOMMENDATIONS

Torn of Plentywood, Sheridan
County Montana:
Tno +o the financial condition of the
~,v~ If Plenevwood, and to the lack
f r,onevs in the various funds of
.sj town. I feel constrained to set
arb the following facts in regard to
sa5 financial condition and to make
1a following recommendation:
The Town has a bonded indebted
ness as follows: i.
Water Works Bonds, due Jan.
ist 1884 .........--..........--.---.S20,G ,G0O. 00
Water Works Bonds, due Jan.
ist 1895 ......p-..-,.--...-..---.,.S.. 100000
Sewer Bonds, due Jan. LIST,
1924. ...........................-.. 100000
And on July 31st, 1923 there was
with the Town Treasurer ia the Bond
Interest Fund the sum of $351.10, and
a. these bonds all draw interest at the
rate af at least G per cent it is re
cuired levy sufficient to pay said in
tetes- regularly, that is the sum Of
Sz2S000 per annum, and as the tax
aJe value Of the real estate within
the town. including the railroad pro-
partes amounts to the sum Of about
s22t 40500, it cen be readily seen that
'9fsUch purpose q levy must be made
fiat least 10 mills or L per cent, and
even at that amount of levy the
amount necessary to pay said interest
VII t2II short, so that,
I recommend a levy Of 10 mills for
theycar 1923 to be passed to the cred
r.Of the Bond Interest Fund
AT this time / wish to call the at
tantn Of this Honorable Board to the
TACT that heretofore, and prior to this
administration the practice had been
made to transfer moneys from the
Bond Interest Fund and the sinking
l1nd, to the general fund for the rea-
son hat insufficient levies had here
tQtora been made for the payment of
le current expenses, and the eXpendi-
lures which were made out of the diff
iaIent funds, which has been and now
contrary to law, but for which acts
l1s administration nor your honor
ao.e body cannot be held or criticised.
IS above noted there is a Bonded
Indebtedness Of %3S.O00.00 for the
gsy1eat ot which it is required by
n. body and II involves upon it to
MAKE 2 .eyy sufficient to retire said
bends at the date they become due
aa.ch will require a 10 mill levy
winch ! believe win be sufficient with
proper Investment of the accumula-
aohs n the sinking fund from time ia
-lg 2. fair rate of interest, and,
THEREFORE,, L recommend that
,olf f3norabIe body make levy Of
Y mills for the year 1923, upon the
graAaole e, property within the town of
I..snyWood. to be placed to tine credit
q the sinking fund.
There is now in the general fund
9 sand town the sum of S256.79, and
.sslsJeLed warrants unpaid in the sum
Z elz't2a.5l all of which registered
sseIIaals carry am interest charge at
pef cent, and in order that these
.s5 ael'al.S on said fund may be retired
'IN pald. 1t is necessary to make g
NV q the full amount for said pur-
Ilg rg as allowed by law, which is a 1C
I .I levy, and therefore, I recommend
ra r-a. Your body make a levy of 10 mills
apoa me taxable property within sale
= IN u -of the year 1928, to be placed
..;5 " Ie credit of the general fund OF
''-N ~ Town when collected.
...5., iee street and alley fund has {
s,e'll ,rll OF S26T19 with one outstand.
ws;I warrant in the sum of S1.5O, but
,r,.. r,Ca has been called, and which
boa.lll5Y b,,oulY Wl.l be all exhausted if you1
ror3 s,'5'aoie body snould see fit to ex
mr;r mS same ON the streets and alley:
my my TINS year, which seems very
riroI ri(gISSafy as the condition of the prin
plor.bI bI1Leets Of the town are in de-
rot ,S'aoie condition and certainly i.
wo,5 credit to the town of Plenty
e6oJ oh9 therefore should be rem
tbis T. Fan, ana lt IS further required out O.
srJ ana lund for lights now in oneration
for b. .Ot additional lights contracted
ana v mis- body, the sum of S1360 OO
tba me. men we take into consideration
mer 'ess9iGS - ,6 necessary during the sum
II eoU u IVA Of the streets. allevs. etc
10 'o5 o;,, oe readily seen that a levy O
out of wi tb lor defraying the expense
cesar. ;, 'ne street and alley fund is ne
Of IN lI0e,eiGre, rsi,9re, | recommend that a lev,
upon tba it',i,s t Pc made for the year 1922
Of Plsnte srt taxable property of the tow
en1y~ood, when collected to b