JUNE 10, 1948
■ T 2 ^ X?,Gb-HARBOR PILOT. Brookings. Oregon
Give Our Children a Break
t t t t t
They Deserve GOOD Schools!
Our Community A break—
Good Schools Attract Good Citizens!
Vote ‘YES!
AT THDc BOND ELECTION, A t the School-house, next M onday, June 14, from 2 :0 0 to 7 :0 0 p. m.
Help Save Our Tax Money!
SPEND $10,300 - - SAVE $21,724.05
Our high schoo! was declared "CONDITIONALLY STANDARD" — Our elem entary school was
declared "N on-S tandard."
Oregon's Attorney-G eneral Neuner:
Quoting from the March 24, 1948 report
“ I t is my opinion th a t the Legislature intended th a t
no apportionm ent o r payment shall he made vo a
school d is tric t where some o f its schools are declared
non-standard and the deficiencies are not made up be*
fore the beginning o f the next fiscal year.”
— M o rn in g Oregonian, under date of March 22, 1948
from the State Departm ent of Education
“This may be inte rp re te d as meaning th a t no money
from the Basic School Support Fund may he paid to
the school d is tric t a fte r September 1, 1948, unless
conditions are so im proved to change the ra tin g from
non-standard to con dition ally standard.”
We have already lost our estim ated re
Signed: R E X P U T N A M , Superintendent of
Public In s tru c tio n
ceipts from the "Basic School Support
Fund," $21,724,05.
THIS CAN 3E REGAINED IF WE ACT NOW! BUT ONLY IF CONDITIONS ARE IMPROVED
TO GIVE OUR SCHOOLS A HIGHER RATING:
major improvements required
WHAT WILL IT COST?
By the State Departm ent of Education:
If 2*2 per cent money can be obtained—and many bond
issues fo r Oregon schools have sold for that interest rate
during the past year— the highest annual cost, including
both principal and interest, would be $10,300.00, or approx
imately 9.1 mills on the present valuation of the district.
This would scale down to a low of $7,175.00 or 6.4 mills at
the time of retirement.
h Additional Rooms built on the new elementary building.
•• Existing rooms remodeled, gym heated, and new rooms
added, for home economics, and manual training, to
the old building.
WHAT IS THE PROPOSED PLAN?
BONDING IS SOUND BUSINESS!
is the only feasible way to finance the required build-
in? construction program. By bonding we pay for these im
provements during their period of use.
1.
Pay the issue out in 18 years, with the first payment to
commence on the fourth year.
2. No serial levy and bond principal payments during the
same year.
1. Fourteen equal annual payments of $7,500.00 and a final
payment of $7,000.00.
Brookings-Harbor
rent-Teacher Association Bond Committee
I: