Show necessary T to 0 repay bonds figures in county clerks office give picture of bonding costs to taxpayers A rather interesting picture of what it costs taxpayers to bond is 14 revealed by records in the county clerks office A few years ago tle county issued in bonds for road and hospital purposes they rhey were inere six per cent bonds and sold below par actually netting the county by the ome ame they alu y are paid oft off in 1940 they will aill have hare cost the taxpayers to lo i them or just slightly less than double the amount of money received on oil them dentally only of thi ilaf 1 6 1 00 have beai patti paid to 10 date but another is ia available and will be paid within the next two or three months leaving only still due of which has been refunded to be paid in 1941 1942 and 1943 acted the regular issue has been retired with a final payment in 1940 as we recall 1 I it t pill principal payments on these bonds will be in 1935 in 1936 a like amount in 1937 1938 and 1939 in 1940 in 1941 and in each of ct the years 1942 and 1943 1 added to these principal payments at 0 c ourse course will be the semiannual semi annual in III terest payments which get smaller as the bonds are aie retired principal payments this year as previously indicated will be in addition to which the county has finished paying oft off a loan of 0 from the state road commission procured in 1931 the final of which was only recently paid in the absence of further borrowing or other un unforeseen forseen expenditures the smaller amounts which will have to be applied to debt service next year and thereafter should be reflected in lower tax levies by tile county |