An election approved the issue of $21,000 of 5.5 % building bonds due July 1, 1949, which was the legal limit. This issue was for the erection of two two-room school buildings that were estimated to cost a total of $30,000. However, at the meeting of August 19, 1929, legal correspondence showed the bond limit was only $12,000 but that District#88 owed #92 1/2 $8,805 and #92 owed #92 1/2 $200. Consequently, only $1200 of the bonds authorized were issued.

The election approved $30,000 in 5.5 % building bonds to complete two buildings. Bonds to mature July 1, 1950, sold to White-Philips of Davenport, Iowa with $150 premium.

Approved by 28 to 14 the issuance of $20,000 in 5.5 % building bonds to mature January 1, 1951. Issue sold through R. E. Hertzol and Company.

Plan submitted b M. B. Vick and Company to refund outstanding bonds at 3% for next four years, then 4% for five years, then 5% for four years.

Approved above refunding plan for a total issue of $59,600.

Passed resolution for the calling and redeeming of$59,699 refunded bonds dated January 1, 1930.

Passed resolution to issue through A. C. Allyn $54,000 in refunding bonds at 3 ½ % interest dated January 1, 1945.

Passed resolution calling for a special election to be held August 18, 1945 to approve a $10,000 bond issue as the District’s share of the Nixon addition estimated at $59,650, the district to contribute one-sixth of the total cost.

Results of above election:

For bond issue and building
In favor: 75 votes
Against: 0

Passed resolution to cancel authorization in election of August 18, 1945 to issue $10,000 in bonds. Passed resolution to hold election on March 16, 1946 for approval to issue $20,000 in building bonds.

Canvass of election to issue $20,000 in bonds:

For bond issue
In favor: 62 votes
Against: 0

Resolution passed for an election on June 29, 1946 canceling the above $20,000 in bonds, and issuing instead $40,000 in bonds for Nixon addition in order to be in line with estimated costs.

Canvass of election to issue $40,000 in building bonds and cancel $20,000 authorized:

For Building
In favor: 64 votes
Against: 17

For Bond Issue
In favor: 59 votes
Against: 30

Awarded contract to White-Philips Company for $275,000 bond issue at 3 to 3 ¾ % with immediate refunding at 3 ½ % with $3000 premium, all to be subject to the voters approving the bond issue and the proposed addition to the Nixon School at the Special election on March 13, 1949.

Canvass of the election of march 13, 1948:

For Building
In Favor: 272 votes
Against: 44

For Bond Issue
In favor: 269 votes
Against: 44

Adopted resolution to issue $275,000 in 3 - 3 ¾ building bonds due April 1, 1968 approved at the election March 13, 1948, and sold to White-Philips per minutes of March 3, 1948.