Show A BANKRUPT TOWN I Jeffersonville Ind March31The city council of Jeffersonville finds Itself I IIn a predicament Spitzer Co of I Toledo Ohio which recently contracted contract-ed for 60000 worth of city bonds issued to redeem outstanding indebtedness indebt-edness of that amount drawing interest inter-est at the rate of 7 per cent has refused re-fused to take the bonds at 5 per cent I and redeemable in fifteenyears Inves i tigation has revealed the fact that much of the indebtedness proposed to J be funded was illegal This is the second sec-ond time the same bonds have been refused I re-fused The complication has revived the sentiment hitherto prevalent in Jef I fersonville In favor of throwing the city into the hands of a receiver |