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Show Mortgaging the Community . Nothing can be more detrimental' to a community's progress and prosperity prosperi-ty than a burden of binded debt Private citizens and industries alike wary of any locality, no matter what its other advantages, that has a :onstantly increasing tax rate Improvements Im-provements which require bond issues ThV'f t?,tU1'n int0 whlte elephants, me debt often remains lone aftr thp improvement has been forgotten " And a generation or more of taxpayers must pay for it. ' For every dollar borrowed or a five :er cent serial bond issue running "ack iyfethe0Ver $1'5 mUSt be WW -acK. If the issue runs 40 vears over ?2.00 must be returned And at tb nd the community has often paiQ :f all proportion to the value of the mprovement gained. the When practical the pay-as-you-m slan should be rigidly adhered tn When not practical, eveVvS ciU " Private citizens are carefni i , nortgaging their homes or him noney when twice a!, L, Z "0winK eventually be paid baS citizen should exercise n same nd thought before Same care ommunities they ifveTn Baging the |