Milford chronicle., 1961-02-24
PUBLIC NOTICE
or
SPECIAL ELECTION
IN
Lincoln School District No. 3
ON
SATURDAY, MARCH IL, 1861
BETWEEN
100 and 500 p. Nj, EST.

/ special ELECTION Snall De nelu
throughout Lincoln School District
No. 8, Sussex County, Delaware. in
the same manner as other school
elections, on Saturday, March IL,
1861, between the hours of 100
and 500 p. NJ, Eastern Standard
Time, of said day.
The present Lincoln School
Building has been designated as the
! School Building to be used as a
polling place for such Special Elec-
ton.
The purposes of such Special
Election shall be to vote FOR or
AGAINST the following three (3)
propositions:
PROPOSITION
A proposed Issue of Bonds on a
credit of Lincoln School District
No. 3, Sussex County, Delaware, in
/ the amount of FOUR THOUSAND
DOLLARS ($4 ,000.00). The purpos-
es and reasons of said proposed
Issue of Bonds shall be to use the
proceeds derived therefrom to car
ry out the following School Con-
oil u1NiOh AO, AtI III AAtnGOAU
! School District No 3, aforesaid,
which has heretofore been propos-
, ed and duly approved. viz: the pur-
chase and installation of furniture
and equipment for kitchen, cafete-
ria, and class rooms in the existing
Lincoln School Building; the pur-
chase and installation of a fire
alarm and bell system in the exist
ing Lincoln School Building; and
the Improvement of the site of the
existing Lincoln School Grounds.
The total cost of such School Con-
struction Program, as estimated by
the State Board of Education OF the
State of Delaware, is TWENTY
FIVE THOUSAND DOLLARS $685.
100000, of which amount Fifteen
Thousand. Dollars ($15,0 100000 is
the maximum share to be cOntribu-
ted thereto by the State of Della
I ware, and the share to be borne by
Lincoln School District No. 3, a
foresaid. is Ten Thousand Dollars
($10.000.00). The maximum rate of
interest that said proposed Issue
of Bonds shall bear shall not ex-
ceed five per centum (5qo) per an
mum. as shall be determined by the
Board of School Trustees of Lin
coin School District No. 8, afore-
said. The bonds shall bear interest
from and after their date, payable
semi-annually. on the days designa-
ted in the bonds. The bonds shall be
issued in serial form. maturing and
becoming payable in successive
years. beginning not more than one
| ID year after the date thereof and
ending not more than twenty-five
| (25) years after such date: and the
amount of bonds maturing in any
one ID year, except for the last
year, shall not be less than one
twenty-fifth 1/25th) of the aggre-
gate principal amount of the bonds
of said Issued
The vote upon PROPOSITION I
above shall be by ballot, upon
which is written or printed:
FOR THE BOND ISSUE n
AGAINST THE BOND ISSUE n.
PROPOSITION III
A proposed transfer of SIX
| THOUSAND DOLLARS ($6. 900. .0O)
of the funds heretofore raised by
and through Lincoln School Dis
trict No. 3, Sussex County, Della
ware, Debt Service Taxes, from the
Debt Service Account of Lincoln
School District No. 3, aforesaid,
now on deposit with the State
Treasurer of the State of Della
ware, to the School Construction
Program Account of Lincoln School
District No. 3, aforesaid, with the
State Treasurer of the State of
Delaware. The purposes and rea-
sons of said proposed transfer from
the Debt Service Account, afore-
said, to the School Construction
Program Account. aforesaid, shall
be to use the proceeds derived
therefrom and thereby to carry out
the School Construction Program
in Lincoln School District No. 3.
aforesaid, as part of the share of
| the cost thereof to be. borne by Lin
coin School District No. 3, afore-
said, all as more particularly set
forth in PROPOSITION /, above, as
reference thereto being had will
more fully and at large appear.
The vote upon PROPOSITION II
above shall be by ballet, upon
which is written or printed:
FOR THE TRANSFER n
AGAINST THE TRANSFER q.
PROPOSITION III
A proposal that Lincoln School
District No. 3. Sussex County, Del
aware, in addition to the amounts
apportioned to 1t by the State
Board of Education of the State of
Delaware, or appropriated to il by
the General Assembly of the State
of Delaware. shall levy and collect
additional taxes for school pur-
poses upon the assessed value of
real estate in such District, on the
basis of ELEVEN CENTS (11c) per
0 NE II UND RED DOLLARS
($lO0.O0) of the assessed value of
real estate in such District. as de-
termined and fixed for county taxa
tion purposes. The purposes for
such proposed additional taxes by
the District shall be to use the pro-
ceeds derived therefrom for teacher
salaries, as well as for current op-
Grating, repairs and maintenance
costs and expenses of Lincoln
School District No. 3, aforesaid.