Show DREWS CO WARRANT The Law flakes It the Next for Payment f MAY BRING ON LITIGATION IT HAS BEES REPUDIATED BY THE COUNTY W S McCorniclc Pays Over to Treasurer Treas-urer Lynn 3lOOO for County Bonds and Deposits 1OOOO Additional Addi-tional to Cover the Balance of the Issuer Issue-r S McCornick yesterday paid over to County Treasurer Lynn 31000 in cash for 31 of the Salt Lake county bonds and in addition deposited a check of 10000 that he would take remaining re-maining bonds before Dec 15 The price is par and accrued interest This disposes of the entire bond issue providing pro-viding Mr McCornick comes to time as he undoubtedly will since he has put up the 10000 guarantee The disposal of a portion of the issue for cash will in all probability involve the county in a suit Under the law the next warrant to be called in is one of the Andrews Furniture companys warrants in the sum of 15000 now held by F Auerbach Co All warrants war-rants issued to Andrews Co were repudiated by the county commissioners commission-ers several months ago When Treasurer Treas-urer Lynn issues his call for warrants to be cancelled he will exclude the particular warrant in question and the holders will then bring suit to compel com-pel payment Under the law the treasurer treas-urer is required to pay off warrants in the order in which they are numbered and the Andrews warrant now held by I Mr Auerbach being the next in order the holder will have it cancelled or know the reason why So far it is not known what course I will be pursued by the county attorney Mr Whitte and the commissioners I more was in consultation with the i board relative to the matter yesterday and as far as could be learned payment pay-ment will be resisted and the question left to the courts to settle The county board some time ago also repudiated the Macadam Rock warrants war-rants but when several of these were brought in for cancellation the county attorney recommended they be accepted ac-cepted and the resolution was accordingly accord-ingly rescinded It is not likely however how-ever that the board will pursue a similar course with the Andrews warrants war-rants as the county attorney is convinced con-vinced he can establish fraud and make a successful fight in the courts against their payment n |