The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-09-18
Slight Increase
Made From a
Charged in 1929

(COntlnueo from page One
state mill and elevator, members OF
the board said.
"The state industrial commission
has provided for the payment to the
state treasurer Of $4,000 to meet In
terest payments on 100000 Bank
of North Dakota bonds now outStand-
ing and has further provided for the
payment to the state treasurer OF
500, 900 for sinking fund purposes IN
connection with the retirement OF
the capital stock bonds of the Bank
of North Dakota" according to q
statement by the equalization board.
This payment will satisfy only
one-half of the sinking fund require
ments Of the Bank of North Dakota
bonds for the current year and, con-
sequently the state board levied $780,
600 to meet the balance required for
sinking fund purposes.
"The state of North Dakota issued
$1,000 900 of Bank of North Dakota
bonds in 1919. On July I. 1929,
81 100000 of these bonds vere retired.
The balance of the bank bonds out
standing will be retired July l, 1884.
"There are So, O 900 of mill and
elevator construction bonds outstand-
Ing. No levy to retire the principal
Of these bonds is requircd until 1887
under the terms of the act author
izing the bond issue. The state in
dustrial commission paid over to the
state treasurer $172. 900 prior to July
l. 1880. or sufficient to meet interest
payments on the mill and elevator
bonds for the current fiscal year. con-
Sequently no levy was required for the
mill and elevator construction bonds
this year. The industrial commits
sion was able to meet interest fund
requirements on these bonds from the
operating profits of the mill. This
Is the first time that the industrial
commission has made a payment into
the treasury for the mill construc-
ton bonds"
Make Levy for Mill
The board of equalization levied
$160, 102 for the mill. and elevator mill
ing bonds with 500, 900 of this levy
for sinking fund purposes and the
balance for interest on the bonds.
There are now outstanding 81 ,000, 900
Of mill and elevator bonds Of which
$250,000 r to be retired in 1882,
$250,000 In 1888 and $5O0,0O0 in 1898.
No levy was made this year for real
estate loan fund bonds.
The total assessed valuation of the
state this year is 81 1884, 189, 945. This
represents an increase yer last year
Of $2,4o2. 732. Farm lands decreased
81 ,400,078. mo assessment of real
estate is made in an even numbered
year and real estate Is not equalized
In an v numbered year, consequent
", the decrease Is to be accounted for
by q falling off in the taxable acreage
OF the state" the board statement
said.
City real estate valuations are in
creased $2.731 ,059. due to the addition
Of new taxable property to the tax
rolls. The valuation Of personal prop
erty decreased $448, 98S.
Heat. light and power property as
sessrnents were increased 81 ,902, 36C.
Railroad property was decreased
$S75yOl7. Telephone property was in
creased $402,186. Telegraph property
was decreased $21,544, express prop
erty $157.592 and street railway prop
erty $2,561. Sleeping car property
was increased $1,807. The net in
crease on all property directly as
sessed by the state board mounted to
81, 900 500.