D4 BULLETIN 393, U. S. DEPARTMENT OF AGRICULTURE. 
mined by plane 2 per cent of each cheuen dollars of assessed — 
valuation per mile of public road. The county’s share shall in no 
case exceed 35 per cent of the cost of the improvement. County 
highways are maintained by the State in same manner as State high- 
ways, the towns paying $50 per mile per annum. 
County roads—One hundred and thirty-four and six-tenths miles. 
Paid for entirely by the county, exclusive of the towns. The county — 
roads are the ones which are built from the county bond issue. 
They are maintained by county, by day labor under patrol-and-gang 
system (see Pl. XXIV) the State paying 50 per cent. 
Town highways.—One thousand and ninety and four-tenths (1,090.4) 
miles. Paid for partly by the State and partly by the towns under 
what is known as ‘‘the money system.’’ The amount received from 
the State varies with the amount of taxes levied per mile of road, 
as follows: Where the assessed valuation of property, exclusive of 
cities and villages, is less than $5,000 per mile of road, the town 
receives $1 from the State for every $1 locally raised. Where 
the assessment is over $5,000 and less than $7,000, the State pays 
an amount equal to 90 per cent of the taxes so raised; over $7,000 
and less than $9,000, the State pays 80 per cent; over $9,000 and 
less than $11,000, 70 per cent; over $11,000 and less than $13,000, 
60 per cent; and when the assessment exceeds $13,000, the State pays 
50 per cent. Town highways are maintained by towns. The cost 
of maintenance is borne in the same manner as for construction. 
HOW THE IMPROVEMENT WAS FINANCED. 
The $500,000 bond issue was authorized by the board of county 
supervisors in 1910, and the enabling act was passed by the legisla- 
ture in 1911. The bonds are issued at the discretion of the county 
highway commission. One hundred thousand doilars of bonds were 
issued in 1911, and $300,000 in 1912 in two lots, $100,000 in the first 
lot and $200,000 in the second lot. In August, 1913, the last $100,000 
worth of bonds were issued. All bonds were issued in denominations 
of $1,000 each, numbered from 1-to 500, inclusive, and are divided 
into five series, A, B, C, D, and E, respectively. The bonds are 
dated on March 1 of the year of issue, and are payable in install- 
ments of 10 bonds each, as consecutively numbered. Except for 
the last issue, 10 bonds become due 10 years after issuance and 10 
bonds each year thereafter until the whole issue has been fully paid. 
The last issue is payable 10 bonds each year from 1915 to 1924. 
The interest is paid semiannually. The first $400,000 issue bears 
interest at the rate of 44 per cent and the last $100,000 at the rate 
of 5 per cent. 
The first issue sold for $104.01, the second for $105.53, the third 
for $105.5187, and the last for $100.537. Nosinking fund is provided, 
