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Show ' ' ' m, r - r 9 MTi ii 4. CORP. 72 -- 11. U SALT LAKE CITY, UTAH David Duncan A consortium of four institutions this week submitted low bids of 5.72 percent interest to provide the state with $30 million to meet obligations for the next 120 days. Utah State Treasurer David Duncan said Commercial Security Bank of Ogden, Lehman Brothers of New York, First Na Salt Lake City Auditor L. A. Jones Says City Ends Up With Surplus tional Bank of Boston, and that Stewart M. Hanson Jr., a Salt Lake City attorney, was apSmith, Barney Co. of New York pointed to fill the vacancy on submitted the bids. the bench of the Third Judicial Mr. Duncan said that the tax District Court. anticipation notes are being Governor Calvin L. Rampton printed this week. He will de- said that the vacancy was creliver them Monday to the Chem- ated by the coming retirement ical Bank of New York where of Judge Joseph G. Jeppson. he will pick up the $30 million Mr. Hanson is a of had tight control and took the appropriate measures. Those check. Next February 4 when the notes become due he will take $30 million plus the interest in the amount of some $572,000 back to the bank and receive the notes. Last week the treasurer received permission from the Board of Loan Commissioners to borrow the money to cover state expenditures in the next few weeks. He said that he had overestimated state funds and borrowing would allow the state to still come out ahead in interest. Mr. Duncan said that he was pleased with the interest rate on the apparent low bid, which was one of eight received from 20 financial institutions which submitted bids as joint ventures. Mr. Duncan said that the competitive nature of the bids ranged from the low of 5.72, which was acceptable, to a high og 6.45 percent. Proposed Low Fare Transit Fund County Commissioners Approve low-far- e The proposal of the Utah Transit Authority board of directors has been approved by commissioners of the three-count- y area which is served by the bus service. The UTA announced this week that seven of the nine commissioners of Salt Lake, Davis and Weber counties present at a meeting to discuss the rates for the low-far- e category question to appear on the November 5 general election ballot were in favor of the rate. At the meeting the commisfare sioner adopted a five-zon- e structure for the three counties. Under the plan a person can ride within one zone into the next zone for the basic fare of 15 cents. Under the proposal the bus passengers will be able to travel from Farmington to Salt Lake City as well as anywhere within each of the two counties for the basic rate of 15 cents. Glenn B. Goodrich, Salt Lake City member of the UTA board and chairman of a special rate Under the committee, said, and over 62 same plan persons and handicapped persons and children under 12 can ride for a 15-ce- nt FRIDAY, OCTOBER 4, 1974 Stewart M. Hanson Jr. Appointed To Vacancy In Third District Court State Treasurer Says Consortium Of Institutions Submit Low Bid basic rate. An additional special fare would be available at the discretion of the county commissioners to provide free or further reduced fare for the poor and needy. If the prposal is adopted by the voters in the November 5 election, the fare schedule would be the lowest in the United States for the Metropolitan area. The voters will be asked first to vote whether or not they want a .25 percent increase in the sale tax. They will then be asked, regardless of how they answered thaat question, whether they want UTA to charge nothing (no fare) or to charge the proposed low fare. Harrison Brothers, president of the UTA, said that if the sales tax proposition is rejected the only alternative will be to decrease service and increase existing bus fares. 10-ce- nt Eating habits are formed during childhood and adolescence. The better a girls nutrition and health during her teens, the better her chance to have healthy babies later on. 71 It was announced this week graduate Westminster College in Salt Lake City and received his J.D. degree from the University of Utah College of Law in 1965. He had been an associate with the firm of Parsons, Beile and Latimer and is presently a partner in Pugsley, Hayes Watkiss. Campbell and Cowley. Mr. Hansons father is also presently serving as a Third District Court Judge. It is the first time I know of that happening anywhere except possibly in Nevada where I believe it happened once. The third District Court hears cases in Salt Lake and Tooele Counties. Mr. Hansons appointment becomes effective October 10. City Attorney Opinion Says Commission Has Right To Make Policy measures including putting a moratorium on spending for the last month of the fiscal year which ended June 30. With the spending freeze Mr. Jones then asked the departmental budget heads to predict their expenditures and then okayed capital outlays if the funds appeared to be available. The net result of the auditors office and the close spending practices resulted in the city surplus and the purchase of much-needequipment. We had spiraling inflation which cut into the surplus. The auditor said that he would have liked a surplus of some $500,000 for the $25.7 million general fund, but said he was happy with the result. Mr. Jones also pointed out that the city had ,to spend much more for gasoline to keep its 30 vehicle plus fleet in operation and more for office supplies and street material. In addition, the city also bought the Sumner School which ate into the Public Safety Departments account. The extra funds are placed into a special surplus category which now contains some $3,117 million. Eack nickel is invested in local banks, Mr. Jones said. But it cannot be touched unless theres an emergency. And those emergencies are defined by law. ed City Auditor Lawrence A. Jones Salt LLake City Auditor Lawrence A. Jones indicated this week that despite inflation and the cnexpect-e- d monetary needs. Salt Lake City departments finished their budget year in the black with some $350,089 in the general und surplus. The surplus amounts varied greatly but all had surplus. The range was from $7 in the streets department to $245,000 in the ire department. Mr. Jones said, It shows we ever-increasi- ng An opinion written by the City Attorney Roger Cutler this week followed a request by City Personnel Director Lynn Marsh who questions whether Police Chief J. Earl Jones has the authority to make personnel decisions. The opinion said that only Salt. Lake City Commissioners and not individual department heads ave the authority to establish personnel policies. The issue arose when Jones indicated he was giving police v union officials as much as four hours per week time off to con duct union business and that the police department had drawn the line between union members There is little or no danger in smoking a few mariand administration. A similar dispute still exists joints, hut enough evidence exists to indicate that n the Fire Department where juana use may he hazardous. officials are still struggling over long-terIn the August 30, 1974 issue of Science , the weekly where to draw that union line. Salt Lake City Mayor E. J. Garn journal of the American Association for the Advance?a5d the opinion reinforces the ment of Science, staff writer Thomas IT. Maugli II, disthe that principle board of commissioners are the cusses recent marijuana research. sole authority to establish such Scientists have long been polarized as to whether con-tihupolicies. use is However, several TODAYS F EDITORIAL' Marijuana Research m long-accept- ed ed dangerous. danger signals have reappeared in research done over the past five years including sharp personality changes possibly leading to permanent brain damage. Cannabis the generic term for marijuana and hasheffects on the brain. The ish has several short-terconcentration of some basic chemicals change, as do the activity of enzvmes. Wrether or not these changes in themselves are dangerous is unknown. What is important is whether or not they may produce organic brain damage ( Continued on page 4) marijuana More young house hunters are shopping for the most floor space for their money, costs being what they are, and figuring they can add storage, paneling anc other amenities later. The great teeth of the hippo notamus, which weigh up to ' rounds each and have a length of more than 30 inches on the curve, were formerly used for dental ivory and are still used frr ornaments. m |