Salt Lake Herald-Republican | 1910-03-31 | Page 18 | Float New Road Bonds

FLOAT NEW ROAD BONDS Head of Nevada Line Places Securities SecurIties Securities In Salt Lake J G Jacobs president of the Ameri Amen American can Safety Railroad Switch company of Salt Lake will leave for In Ina Ina ina a few days in the interest of the pro proposed propOS posed pOS d Paradise Valley Railroad company It Is the Intention of Mr Jacobs and his associates who are tI e promoters of the new line to construct a stand standard standard standard ard gauge road from Winnemucca to Paradise Valley a distance of 42 12 miles Stock to the amount of will be issued As fast as completed the road will be bonded for per mile the securities s to run ran for 20 ID years bearing beaning interest at 6 II per cent Of Ot the total amount required Mr Jacobs it Is said has arranged to float 60 ro per cent In Salt Lake and his visit to Winnemucca will willbe willbe willbe be for the purpose of disposing of the remaining 40 per cent or to Ne Nevada Nevada vada Investors The bonds will be Issued In denominations of 1000 each and will willbe willbe willbe be disposed of on a 90 per cent basis l