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Show LOGAN CITY MAY BOND FOR NEW BUILDING Board of Education Agrees On Plan to Erect Structure Struc-ture to Replace Woodruff School. At a meeting held Tuesday evening the Logan City Board of Education voted unanimously to submit an appication to P. Wl A. lor federal aid in the construction construc-tion of a new Woodruff School building and. an addition of two classrooms to the Adams School To provide the districts portion of necessary funds, a bond eection will be held in the five municipal wards of Logan City on September Septem-ber 19th, 1938. The Woodruff School building-has building-has been a recognized need in Logan for many years. The shift of population in Logan during the past two years has over-crowded the Adams Schoo and has made necessary the addition of two classrooms. These would be added east of the north end of the bulding, following out the original plan of eventually making a TJ shaped building as additions become be-come necessary. The building program of three years ago put the replacement of the Benson School and the building build-ing of a high school gymnasium ahead of the building of a new Woodruff School. A small amount in that program was provided for remodeling at the Woodruff. When bids for this were received, they were so high that they were rejected re-jected on the grounds that the condition of the building; and its location did not justify an expenditure ex-penditure of more than $30,000.00 for a remodeing job that would leave the bulding only , partially modern. It is estimated that the most of a new Woodruff building and an addition to the Adams School would total $110,000.00. Some revenue re-venue would be available from the sale of the old Webster and the present Woodruff property, making mak-ing it necessary for the raising of only $50,000.00 in bonds in order or-der to secure the needed buildings valued at $110,000.00. It is intended intend-ed that the bonds would bear 3 per cent interest and would be issued for terms of fifteen to eighteen years. During the past two years the Board of Education has retired $25,000.00 of its bonded indebtedness indebted-ness and plans to carry out the program of retiring more than $12-000.00 $12-000.00 of bonds each year. The proposed bond issue would be within the legal debt limit of Logan Lo-gan City Schools, would provide necessary buildings at a niinimum of cost to Logan City citizens, and at the present time the bonds could be issued at a very low rate of interest. |