| Show SCHOOL BONDS ELECTION ON friday june 12 the election to decide whether school bonds shall be issued by the board of education was held at independence hall 19 w third south street salt lake city the polls will be opened one hour after su sunrise arise and close at su sunset anset registered voters will have an opportunity to out cast their ballots for or against the issuance of the bonds resident taxpayers who are not registered voters ought in injustice j us to have votes on this question which affects their property interests we think they have also a right under the law to do so no however that may be some of the them m should offer to vote so that the question may be fully tested tented before a court of competent juristic tion the bonds proposed are to be for the the sum aum of bearing five per cent interest per annum redeemable in twenty years they are not to be issued all ail at once but as occasion may require all that property holders will be taxed to pay the interest and to form a sinking fund for the redemption of the bonds w will ill amount to stout about one tenth of one per cent on their taxable property annually this is estimated on present valuations of property and ou on the basis of the immediate issuance of all the bonds but as the property valuation is likely to IDe increase rease through the growth of the city and all the bonds will not be issued at once the tax to pay off the interest and redeem the principal will probably be less than the small amoust named the money to be raised is sorely needed for school sites build buildings ings apparatus pa ratus furniture and other require matits for the improvement of our city school system this plau plan is considered the best beat and easiest that can be devised for the purpose prejudice against taxation ought to give way before the needs of educational facilities it is to be hoped that the voters will go to the polls tomorrow to morrow and show their interest in the matter of education for their children by voting bonds yes yea the vote should be very much larger than at the last attempt at an election for school bonds because the question then in doubt as to the validity of the election has been settled by the supreme court and this election will be conducted under the law as interpreted by the court |
