Bonded-debt Sentence Examples
The assessed valuation of property in the city in 1905 was $115,338,920 (about the true value), and the bonded debt $1,079,595.
The bonded debt of the state on the 31st of December 1908 amounted to $550,000, of which the state held an irredeemable bond for $380,000; the actual redeemable bonded debt of $170,000 was due to the investment of the school and university funds in the bonds of the state.
The bonded debt was incurred during the Reconstruction Period (1865-1875).
The bonded debt was thus reduced to $884,500; and on the 1st of January 1909 the debt, consisting of refunding bonds held as educational funds, amounted to $601,567.
The state had a bonded debt in 1909 of $384,000, authorized by popular vote in November 1908; by the constitution the aggregate indebtedness of the state was limited to $100,000 except in case of war, invasion or insurrection, or in case a measure authorizing a greater indebtedness should be submitted by the legislature to the electorate and should receive a majority of the votes cast.Advertisement
The total bonded debt of the state on the 31st of October 1908 was $642,300, and was incurred for the most part for the construction of public buildings during the Territorial period.
On the 30th of June 1908 the bonded debt of the Territory was $3,979,000; there was on hand net cash, without floating debt, $677,648.48.
The bonded debt on the same date was $17,500; these bonds ceased to bear interest in 1882, but although called in by the governor they have never been presented for payment.
The state bonded debt in 1907 amounted to three and a half million dollars, of which all but $767,529.03 was represented by bonds purchased by the state and held for the school and university funds; for the common school fund on the 1st of July 1907 there were held bonds for $4, 8 9 0, 95 0, and $800,000 in cash available for investment; for the university fund there were held $751,000 in state bonds, and a large amount in other securities.
In 1907 the total bonded debt of the state was $393500; the General Assembly in 1906 authorized the issue of $900,000 worth of bonds to fund outstanding military certificates of indebtedness incurred in suppressing insurrections at Cripple Creek and elsewhere in 1903-1904.Advertisement
The net bonded debt on the 30th of June 1909 was $10,130,062.32.
The bonded debt on the 30th of September 1908 was $1,364,000.
The state could not meet its guarantee obligations (hence the strict bonding provisions of the constitution of 1875), and in 1865 had a bonded debt of above $36,000,000.
Since 1900 there has been no bonded debt whatever.
The bonded debt of the state grew from $16,643,666 on the 1st of October 1859 to $37,080,666 on the 1st of October 1869, but by the 19th of December 1906 it had been reduced to $14,236,766.Advertisement
On the 1st of January 1910 the bonded debt was $6,944,000, mainly incurred by the extravagance of the Reconstruction administration (see History, below).