Show AT PREMIUM SELL SEM price viii receive 10 for its ts water extension bonds but it will ply G 6 per cent interest Boswor tb chanute co were e the beat best bidders at the meeting of the council tuesday evening amoni a bunch of 10 16 buyers with it 11 bids there was much more variation between the bids than hail bait been antiel anticipated ono t company wanted for its pa t if it took the bonds in addition tb to it would make on them the successful company had avo bids one at 0 per cent and one at BY aj per ent lent the bid at the lower rate called for an allowance of 21 2 1 per cent for selling expenses taw there was some discussion u us 4 to whether the 4 4 ilk 14 amount saved in interest would woula oft onset the difference in price at the two rate rates the mineral gk opinion seemed to be that the city elty would need all of the money for or tho the of in the line and might have some trouble in n getting through oa the A ic iob be the net returns on the lower rite bid with the other price at 0 6 per cent there wilt will be more than 1000 over the expected expect cd the vote was unanimous on accepting the 0 per cen cent t bid both the members of the council and of the advisory committee voting U he legal department of tha the bonding company will pabs u on all till phases of procedure and the company will have the bonds printed the only other bid considered out of the 11 was that of sidio simon fela fels co who bid a premium of 2300 on 0 3 per cent bonds optional at 10 year years As the call for bids had said nothing V about payment in 10 yeara years the hu bd wis was declared by many present to be ile not under the ment and was dropped both brae menlo mentioned men toned ned are from denver lake seattle and pot portland land fi i ia rh a also o represented wootton n continued on page 5 bonds sell at at premium cc it ti n it 4 1 ro rum in bagis 1 peacock II 11 G mathis and W A lowry the tv bodies bodie interested in handling the affairs f the city in the water question a trip to othet other towns last week lo 10 stud study pipelines and other water systems sya inspected the systems 1 at salt lake lak provo payson ay iy lehi 1 hl springville Spring ville and spanish pork york with the bonds sold the council and advisory committee are now leady to take up the problem of the engineer to superintend the work and a special meeting wilt will be held this evening to con consider bider that matter no other business was transacted by the council tuesday evening |