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Show H TiM'lUll", (IIN'IITIU IH TliC oplnl n of tb Clljr Attorney In H rofrrincelo the bondlnK power ot lb B illy. nitIol to Hi City Council on B Tuesday eienlnc;, oti serious nuis- HB lion for tin- touilderallon o(tlo tax- H Payers, lie hoi I. tbat tbo limit of H four ler cent, oltli alue of laialle HH I rojil which, under (ho lar f Con- MJH (trees, restrains ruuulclpal torinratlous BH In contracting debt., doe nollncluele HJ the bonding-wer of elty school du h IrlcU. That wlillo His U,un.lrli of Bf tin kIiooI district of Ikli cltjr corn- BflJ lond with tlioesof the mublclpal cor- BEB juration, HieoriramtatiouiarBSerar.lo BJB mul dl.tlnit an I llitlr bonding piwera BD1 aresenaraleanllndeiieudent. BJB Thin iItloa mar be legally correct, BBJ though many lawyer, take an o oslle BBJ view of the matter Hut It Mixta lh BBJ question l ether, In tin of the ex- BJB tended hemming lowers It concede. BJH to the (,'liy Council, nJ Iho illiotltlon BBJ of that Lidy to ejcnlio thrni to tho H ful!.t extent, It will ho wise fur Hit' BJ tai.ayre of thlf "diool UUtllct to BBJ ihoulderlh.oitri hurilrii of bunds lo BBJ tho amount of 100, 0.W for .chool lair- BJB ' BJB Wo iti not wlili to ratio any lmidl- BBJ inentln Ihewayofthe Hchool Hoard BBJ to ralitb fundi iiKxwiry for issen- BBJ tlal Improvements. Weunly drow at- BBJ lenllou to tho floet of tho tIfw of tho BB caw token ty tho lly attorney, o BJJ that cltltrni may iindcritaiid tho sit- BB uallonand Ui t rosnicU. BJB Tho city hun.li now liwied ijmount B lo ISO) 00) and bonds for J.11d,0ud moro H are jlocvd on the market, making thu BJB bonded Indcbte Iiicm of tho city a mil- BJ Hon dollars, which with other llablll- BBJ tlnwlll run up tho total rtsntclty BBJ debttonotleis than JI.IUO.OiM. AII BBJ Iho (.Ai.OOO which tho Hchool Hoard BH askthetaxjiayer to assume, antt wo HH havo tho lum of fl,S0O,Qi)n, tho full BJB amount to which the city can go In BBJ Hio lino of debt. Hut If tlila BBJ ilel t of tMe),O0e) Is to be contracted BJB ouUI loofthat limit, then thoclly may BH luo lotids to tho client of tWO.UUO BJB more, making tin total Indebtedness no JB less that I", t ,W. B C'oiwldrrlug tho I ropciltloui tut H ATlng an I for tho it He hullJluic, It H li alniwt nrtaln that tho City Council B will go to tho full oitrut of Iho borrow- B In j powtri of tho city, nuil thcrcforo BB tho tuittlon of Iho .roi rlity of aa.1 BBJ illltiu; that $(XHI,0U0 utra uu thu HB OTr-rtHirutncHl houldtra of tho tax BJ IuitnilcomiiPxircilliiRl KrnronnJ BJB luirUnt. Thotlmoforlta ditcrmln- BBJ -1,J at tho (alia I. drawing mar, an 1 HBJ thomatttrahoulillio carefully wiljtuoJ, BJB wlthltaronwquciKia. BJB When Iho latt (olltlcal cnrnpalt'l BBJ waaluirogrtaa,thotlUiUor"l.lbirl" BJB rulo wrra lltlnly forrihailowiil. It BBJ waithownthatuudir It taxta would BJB tMoictwlrr, ilttt InaTltalile, ofllclal BBJ extraTafanco certain, anl mulllI.cv BBJ HonofoOlccra anl aalartci irolullv. BJ AllthlaliuhniiroalUr.1 to tho full BJ extent. Tbo twnttlui arlalnK from tho BJB "olloy Inauiruratoit and tho courftojur BJ lutdaronotjttvlrlblo to Iho tukel BB1 Money Hunt ho had, of courto, for HJH publlo Improvonuiita, among whlih HJB ltUr ichool accommodation cut n BBJ I Dinlncnt flguro. Hut whither It I" BJB fo' II"- truo I nil n li of the city to BBJ pluugohealloUK Into dtbt to tho ut BBJ "'""I Hmlt of lawf il owir, li a Ue BJBJ "" '" which otery tax)er la ma- BJBJ terlally Intrreittd, and onothat ihoulj BBJ eimi-go tho n clou ntlriitlou of the J iwoplr, Irreai tctlio of ) arty or ioiltlon HJB) Hjfl l.conoiny In tho nJnilnhtratlon tf BJ utllo aflaln, taxation llml to ut BJH " nrcrmltlei, and rn.ur.1 for Iho nj futuro fci w ell at for tho pn Mid, ought BBJ ' ''It 'u '! lyallhouroin. HJ Imitid with Iho power of govern. BBJ ,ntrit- 'he (haugo which haicomo BJBJ oTirtiiemunlrlralll) In thi.i' rnnU BJ marknl anl dim uraklnr. Anl BJEB coiiMirTatlve men of all ihalea of BJBJ lltlcat o lnloii iliouU pnuie, lew BbH the iltuallon, look at Iho pnejeita, BJ and diclJo whtthir till iru of ex. HJI traracance, diltatil mlirulo ilmll bo BBm I-rmlltid to continue. |