Show voters ace issue in bond election mondays vote may ANY determine Dete whether harovin pai Pa owan rovin goes forward or returns to ditch water and coal oil lamps whether water and light systems are placed in A position to serve Us or whether r we continue to dissipate our most valuable resources through leaky pipes and costly repairs P W A loan offers only known possibility of getting tin funds for needed repairs will not require net revenues of two plants to repay I 1 I 1 it going too tar far to say that thai the tant me ot of dext ys rc venue bond election in this community alty may be ly far reach ing to determine whether carowan parowan goes progressively i or returns to the days ol of ditch water and coal old lamps afo now local citizens who have haro observed the deterioration of tho wood pipe fife in our water and v e 1 electric systems lave have predicted that within five years wc wall 11 he drinking out of ditc ditche hn and cancin can car tying yin ker kerosene 3 lamps about tor for light there nas no prospect pio when those predict predictions ioas were ere made ot of the ei ci lys borrowing funds for repairs aud and ri no means in ellit sight of meeting an emergency which would result fro fraai ii tho or complete roii break down of lie hie wood pipe in the water and electric systems opportunity knocks knock cut the granting by the federal government ot of a public works administration loan to us with which 4 to to repa repair ir and improve those systems gives us its an opportunity and tho the only opportunity in sight tor for us to insure against such a break down ji 1 is up to the taxpaying ng voters of this com community m anft Y til to accept or reject that opportunity in the election next monday it by our vote we reject it ii no one connected with the city or familiar with its affairs Is able to say how we shall meet the emergency that is sure to come with the continued deterioration of out our systems misunderstanding As to revenues pledged pledge there seems to be considerable misunderstanding understanding isu as to how low the loan is to bo be repaid true the city pledges the net revenues from both plants to meet the annual payments if necessary but that mean that it will take the net revenues revenue a to make those payments As a matter of tact fact it has been figured tie ired out by the city officials with the aid of competent legal and engineering assistance that flirty sis six percent of the electric light system revenues will repay the loan for improving that system and that seventy two per cent of the net revenues from the water system will repay the lost loan tor for improving thill sY system as coil contemplated tem plated cut but in ease case those revenues tal fai oft off enough it might require a bigger per cent and it if they fall low enough it Is conceivable of course that the entire net revenues might be required on the other hand it revenues continue as they are or increase as they will with improved it business 13 no s conditions it will take only a traction fraction of the revenues from froin the systems to make the annual payments the balance of those thosa revenues can go 90 as they are going 10 now to finance linacre rt etli lir f city ain ciez the government roqui es that the net revenues bo be pledged how howver however ver in case they are leedla need d the same at ai banks require a mor morl gage on all ai your cattle or your sheep to secure a loan though it be tor for only a TO 11 traction fraction ot of the value of 0 your herd livings ivings will repay loan city officials figured in makij iho application tor the loan that tho the savings lit in repair cots bosis and labor on oil the systems will lie ba almost equal to the annual payments necessary to retire tile the bonds that the improved service tile tho saying having in water the security against collapse of the systems al ad tied tire fire protection and tile the develop arent of more water tor for purposes as contemplated in tile the application are all arguments in to back page voters face important issue in bond election continued from front page favor ot of the loan thirty percent grant then too there Is the tact fact that thirty per cent ot of the money procured irom from the tor for the im ants will III be an outright gift to the city that will not I 1 have ia e to be paid back bac h the interest rate band anil tile iho long period in which to relly tile loan are favorable the dimmed luto lulo employment which will result from the loan should also be a consideration indebtedness not property lien it Is well to remember too that though the issuance of revenue bonds for these will the cites indebtedness tile the loan become a lien against our homes and our property as would a general bond and they cant be taxed to pay it back repayment must bo be made from the ic ie venues of 0 the systems and tin tile most the government could do in caso case lla city defaulted in its payments would be to come in and run the systems tor for us 0 get its money out nut 0 thim th m tint thit is a very remote possibility it if conditions improve as we have t c try ery reason to believe they will wo we can make the annual payments without difficulty it they dont then certainly the government will I 1 not be too exacting taxpayers only can vote anly those persons persona who are qualified electors and who have paid a property tax within the city since january 1933 are eligible to vote all such should consider the matter very seriously and then vote their convictions on oil monday it we reject this opportunity no one knows when we may ever have such another certainly we arent likely to receive a thirty per cent gift and such favorable interest rates and time payi payments in the tu fu turc while the fact still remains I 1 that within a comparatively short time our systems must be repaired and improved or else abandoned |