Show SCHOOL BOARD VISITS S 5 L L' FOR BONO BOND DEAl Board Hopes to E Effect feet Settlement Of Pending Transactions An effort to bring about completion completion com corn of bond refunding negotiations negotiations negotiations which have been pending pending pending pend pend- ing for the past year is the aim of the Duchesne county school board members who left Wednesday Wednesday Wednesday Wed Wed- for Salt Lake City They hope to meet representatives of the eastern bond holders and complete settlement with them The refunding concerns an is issue issue issue is- is sue of in 5 per cent bonds which fell due in December 1936 New bonds were issued drawing interest at 2 per cent in con con- with present lowered Interest interest in interest in- in terest rates Tates and offered to the holders of the old bonds all interest interest interest in in- terest on the old bonds to be paid in full To date only of these bonds have been exchanged There still remain outstanding three blocks two of them for and being held in Salt Lake City by state agencies with whom the Board expected to make an exchange Wednesday The third a block of is being held by eastern financiers who have not yet yel consented to the exchange because of the reduced interest rate John E. E Floyd Lamb Roy A. A and Leonard Gardner board members Superintendent Superintendent Super Super- W. W J. J Bond and Clerk C. C C. C left Wednesday for Salt Lake City They expect to meet Lester Maxwell there |