To her surprise and delight, they instantly bonded with him.
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.
Wyoming entered the Union with a bonded indebtedness of $320,000.
Taxation for ordinary municipal purposes is limited to 1 Y„ on property values, extra taxes being allowed for unusual purposes; but the city cannot be bonded without the affirmative vote of two-thirds of the electorate.
At the close of the fiscal year 1907 the state was free from bonded indebtedness, 5 and had a balance on hand of $1,320,038 (much less than in 1906, because of the non-payment of railway taxes, pending litigation).
