An ideal constitution and school code for a hypo-
thetical state, supposed to be located somewhere in
the Upper Mississippi Valley.

Section 10, page 11-School corporations and
taxation.

Section 8, page 9-Taxation for education.
Page 129-Bonding-An excellent guide for
boards of education when issuing bonds for the
erection of buildings.

*Daily Bond Buyer. New York City.

A weekly and monthly paper devoted to the dis-
cussion and advertisement of municipal bonds.

*Daniels, W. M. Elements of Public Finance Including the
Monetary System of the United States.

Holt & Company, New York. 1899.

A standard text on the subject.

Henry

Dewing, A. S. Promotion, 1920. The Administration of
Income. The Ronald Press Company, New York.
1920. A good discussion of the financial problems
of corporate bodies.

*Engelhardt, N. L. A School Building Program for Cities.
Teachers College, New York. 1918.

Part III-An excellent discussion of the under-
lying principles involved in developing a school
building program with some good suggestions to
superintendents launching a building program.

Financial Statistics of Cities. United States Bureau of the
Census, Washington, D. C.

*Hood, W. R. State Laws Relating to Education. 1923.

Lyons and Hastings. Classification of Investment Bonds.
Annals of American Academy of Political and So-
cial Science. 1920.

*Referred to in the text

Lyon, William H.

Capitalization.

Houghton Mifflin &

Company, Boston. 1912. A book on corporation
finance.

Page 152 gives a list of several questions to be
applied to test the merit of plans to pay off
bonded debt.

*MacDowell, Theodore L. State vs. Local Control of Ele-
mentary Education. Bulletin No. 22, 1915. U. S.
Bureau of Education.

It includes some very good tables and discus-
sions concerning legislation affecting school bonds.
McElhannon, J. C. "Judicial Interpretations of Laws Re-
lating to School Bonds", in Elementary School
Journal, November, 1922, Vol. 23.

A very good discussion with case illustrations of
court decisions relating to principles underlying the
legality of school bonds.

Moody. Some Financial Statistics of Cities.

*"Municipal Bond Sales", The Bond Buyer, New York
City.

A compilation of all municipal bond issues sold
annually in the United States.

Nelson, S. A. Bond Buyers Dictionary. S. A. Nelson &
Company, New York. 1907. Annals of American
Academy of Political and Social Science, 1920.

A book of concise information about bonds. Part
II devoted to municipal bonds with the constitu-
tional limitation of municipal debt given for each
state.

Plehn, C. C. Introduction to Public Finance. Macmillan,

1915.

Chapter III on negotiation, payment of interest,
conversion and redemption of debt, as well as Chap-
ter IV on the budget, presents very fine suggestions

*Referred to in the text

for the consideration of the reader interested in the
subject of school bonds.

Powers, Lorin C. "Serial Loans Versus Long Term Loans”
in American School Board Journal, July, 1916, Vol.
52, p. 19.

A strong case for the serial loan.

*Raymond, William L. American and Foreign Investment
Bonds. Houghton Mifflin Company. 1912.

"Reference for certain county and municipal de-
faults," p. 301-303. A clear discussion of leading
classes of investment bonds with special emphasis
on the factors entering into the intrinsic value of
such securities. Chapter IV being devoted to
county, municipal and district bonds.

Rogers, D. C. "School Corporation and Bond Issues," in
American School Board Journal, December, 1923.
A discussion of the issuance of bonds by boards
of education as corporate bodies.

Rollins, M. Tables of Bond Value Theory and Use. An-
nals of American Academy of Political and Social
Science, 1920.

Rollins, M. Money and Investments. D. Estes and Com-
pany, Boston. 1907.

Reference book devoted to the explanation of
financial terms pages 44-48 dealing with bonds.

Reed, Robert R. "The Legal Enforcibility of Municipal
Bonds." American School Board Journal, August
1919:58.

Scott, W. A. Money and Banking. Henry Holt, New York
City. 1903. Special Reports and Bulletins.

An excellent text on money and banking.

*Referred to in the text

Seager, H. R. Principles of Economics. Henry Holt, 1917.
An excellent text discussing the fundamental
principles of economics.

Seligman, E. R. A. Essays in Taxation. Macmillan and
Company, New York. 1921.

Interpretation of the conditions of state and local

taxation.

Pages 732-747 discuss questions of supreme in-
terest to a community expecting to issue munici-
pal bonds.

Summers, Charles. "Concerning School Bonds." American
School Board Journal, January, 1919:23.

State School Codes.

Talbert, Wilford E. "To Bond or Not to Bond?" in Ameri-
can School Board Journal, April, 1918. Vol. 56-57,
p. 21.

The writer gives a few fundamental principles
which should be of assistance to school board mem-
bers who are considering the question of raising
money for school purposes.

Trusler, Harry R. "Issuance of School Bonds,"" in Ameri-
can School Board Journal, July, 1919, Vol. 58-59,
p. 58.

A review of some of the legal aspects of issuing
school bonds with cases cited.

*Referred to in the text.