Show Kaysville Sinking Fund Special Correspondence < jKaysyille Sept 3 h members of the KaysvHle city council are considering the advisability of establishing a sinking fund t6 be used for the redemption of the citys bonds as soon as fr 1 possible I I to redeem them which will be one year from now Into this fund 1C established will b converted con-verted all of the money received from the faxes of 1898 that was not used for the liquidation of the judgment obtained lquldat against the city by judgentl Co the bondholders for interest The proceeds of 3V mills of the Ii99 tax will also be used 3V swel the sinking fund and If full payment pay-ment of the two levies were made by the property holders i would yield something some-thing more than 0 Which would be sufficient to pay the accrued interest to the date of redemption and to take up at least three tf the five 1000 bonds The object of establishing a sinking fund will be to prevent the use of the money receded from the municipal taxes for any purpose but that for which the tax was levied The contingent expenses of the < t t J i city will have to be paid as heretofore by the revenue derived from licenses dered from lcenses One ana a half mills of the tax levy this year Is designed for the improvement of the city cenietery conveying prtid to it and rebuilding the fences rt f amount of the 1S99 tax has yet been paid and it is reported that an effort wit be made by some Layton parties to persuade people living outside of the platted town I site not to pay their taxes thus continuing contin-uing the unfortunate conditions that ex feted last year wlun 2GO tracts of land I were sold for delinquent city taxes lf tWe l I Ihe Kio Grande Western Hallway company com-pany the Injunction has paid Its suit 1893 to city restrain tax In full the city and from soiling the companys property > which waS decidtU In favor of the city in the district court and which lias been cour benl j pending before the supreme court has l I been dismissed by the company The 1 amount paid by them was J22SW of which 521595 was for taxes and 1295 for Interest I al the delinquent amOunt I > rest I |