Forms 5-8 are used in Spokane, Washington, and have proven quite satisfactory. FORM 5 BOND REDEMPTION FUND - ANALYSIS OF RECEIPTS, SHOWING THE AMOUNT RECEIVED FROM EACH LEVY July.... August.... September. October.. November.. December... January.. February... March... April....... May. June. Total..... Levy Levy Levy Levy Levy Levy Levy Total Other Total As is the case with other school records, bond records, such as provided for in Forms 1-8, should be kept in the office of the superintendent. School bonds can be properly accounted for only by such records as these. CHAPTER VIII SOME FUNCTIONS OF STATE DEPARTMENTS OF EDUCATION IN ISSUING SCHOOL BONDS In the preceding chapters certain criteria have been presented for the issuance and sale of school bonds. Among the most important of these are the justification of proposed school bond issues on the basis of fact as well as opinion and the strict observance of all legal requirements. As was pointed out in Chapter IV, it is sometimes well nigh impossible for superintendents to get comparable data similar to those suggested in Chapter IV. Not infrequently, a state department of education could be of great service to a community which is contemplating issuing school bonds by furnishing financial data such as those presented in Chapter IV. In addition to assisting those issuing school bonds to strictly adhere to all legal requirements, state departments of education may also be of great help in furnishing financial data for basis of comparison. In most states the use of certain definite forms are required in the issuance of school bonds. For example, in the state of New York, special forms are required concerning the following functions involved in issuing school bonds; (1) resolution calling special meeting, (2) notice of special meeting, (3) proof of service of notice in common school district, (4) proof of publication of notice in union free school district, (5) proof of posting notice in union free school district, (6) resolution authorizing levy of tax in installments for a new school building, (7) resolution for new site or addition to old site, (8) resolution of board authorizing bond issue, (9) notice |