Show STATE BONDING LIMIT RAISED TO secretary of state gives figures that will bear attentive inspection the greatest opportunity ever offered the state of utah for building good roads and development of its territory thereby is offered through placing the state on a cash valuation basis for assessment purposes according to conclusions drawn by divid david mattson secretary of state from figures complied in his office yesterday showing how the cash value has increased the bonding capacity of thesia th estate te and of every county in the state one effect of the cash value assessment plan has been through the increase in of valuations to more than double the maximum of bonded indebtedness debt edness provided by the constitution for the state and the various counties with the state on a cash value basis state bonds may be issued to a maximum of under the 1916 valuation and the maximum indebtedness which may be incurred by the various counties reaches in the aggregate the total bonded indebtedness of the state is bonded indebtedness of the counties so far as could be learned from reports received at mr matisons Matt sons office totals thus the counties may issue bonds aggregating almost and the state can still bond itself for approximately making a total which may be raised through bond issues of approximately GREAT MILEAGE POSSIBLE if the state and the various counties working together anz ot cooperative plan of highway construction issue the bonds they are now empowered to authorize hundreds of miles of hard surface roads could rebuilt be built t mr mattson 4 the N e subject is one that md merits the closest consideration it is now in our power to open up the vast undeveloped areas of the state with adequate transportation facilities take the uintah basin for instance with the bonded indebtedness the state and the various counties together may now me incur ur a hard surface road could be built into that part of the state and the transportation problem lor for that section would be solved there would be no need then for the construction of a railroad with a permanent hard surface road to travel on automobiles and motor trucks carrying passengers and freight could make the trip to the basin on regular schedule millions of acres of land that now lie idle in that part of the state would immediately be brought under cultivation and the increased valuation of property which would re result sult would soon repay the state stat and counties interested for their bonds another advantage is that the transportation companies would be formed with utah capital T the le money paid to them would stay in in the state gasoline transportation is here and it has come to stay in some parts of the state gasoline vehicles carrying freight and passengers are in regular service and earning a profit for their owners even in competition with railway lines the state tate of utah has today the finest kind afan opportunity to take advantage of this new means of transportation por tation to open up its isolated valleys BIG ISSUES WITHIN REACH with the state and counties working together we could now issue about worth of bonds figuring the cost at 10 a mile that sum would build 1500 miles of hard surface road which would open to motor traffic every isolated section of the state the resulting increase in assessed valuations would immediately in increase our assessed assed valuations on property benefited b by those roads to such an extent that our bonding capacity would be more than doubled and paying the interest on the bonds would not even be a burden the assessed valuation of sevier county is approximate amount added by state board of equalization total bonded indebtedness maximum bonded indebtedness aut oi r i zed 74 4 |