Show School hoard Board Rescinds Bond fond Election For FOI PEA Building Program Reconsideration of Issue Shows Shoes General Feeling of Doubt on Part of Board Additional l Debt Load Felt Inadvisable Election Would Be Foolish Expense Members l Decide A vote to rescind their recent action calling for a bond election to raise runds for a V P VA P A building program was passed at a continued continued continued contin contin- meeting of the thc Board of Education Education Education Edu Edu- cation of Duchesne County at Roosevelt Saturday evening The motion to rescind with all members members members mem mem- bers present voting aye One member was absent Chief reason for reconsideration came from the board members themselves who felt that the additional ad ad- additional debt load on the school district would be unwise at this time It was also felt by some of the board members that the general general general gen gen- eral vot voters rs do not favor the bond I issue and that it would be turned down at the polls and that the holding of the election would be an unnecessary expense First Vote Favorable The proposed bond issue was voted on favorably by the board at a special meeting of the board on July 15 Issue of in bon bonds s to raise the sponsors' sponsors share of a building fund was contemplated It was to have been used on buildings and improvements improvements improvements improve improve- ments at Tabiona Duchesne Altamont Alta Alta- Alta j mont and Roosevelt The bond issue would have raised the bonded debt of the district district district dis dis- dis- dis to the full legal limit a condition condition condition con con- which the board mem members member ers do not favor under the present uncertain uncertain un un- un- un certain conditions It t was learned too that marketing of the bonds after their issue might prove difficult difficult difficult dif dif- because cause of the flooded condition condition condition con con- of the bond ond market due to the great mass of bonds similarly issued throughout the state by Continued On Page 8 |