| Show COUNTY INTEREST QUESTION HOLDERS OF WARRANTS or OF 1894 TO BRING SUIT Trea treasurer suter ier proposes to pay but five per cent for the time atter after june ath 5 ui 1896 holders claim eight county treasurer lynch lias has issued i a call for the I 1 he redemption uc f all warrants up to registered number T I 1 this includes all the outstanding war lant lanti i lor for 91 anil and those registered up ians the themay Alay 1895 the tall call resulted in an iho application brorn L J tray ho holds hold some of the 94 us ar ranta arrants these arrants ai rants bear 8 per cent ili inter er 1 rbt ept until called on oil their face ace oui but treasurer lynch offered wor tr tracy only 5 pet per cerol cen Int ercla on oil hie flat 1 war I lann I 1 u n alter after june to ii isil in ahli vr L lynch y rich aas s act acting ingon on the life county attorney vital van cott colt mho held field that the warrants bear only 5 per lent enc ader june 5 IS tile oct act lall dating the bonds went into effect mr air tracy bell lefus eil to accept tile the treasurers Treasur ers offer because his att attorney atto iney olney had him that lie vas mas entitled to the 8 per cent rat ral from registration up top to lite date of the hie rail call avoid anil it Is Ino 1 liable the mattei will be tested in CD cobit ull some www ot of the 94 come under tinder the van nan cott coll opinion ar estill out and li it Is likely all the holders mill join lit in it suit tu fly compel the payment ot of tile the 8 per pent cent rate these holders point to the fatt fact that mes m mccornack McCorn lck and kenyon were allow 1 l 8 per cent on oil EL a large amount of 0 35 95 turned in as payment for or a county bond issue they say that thai it C pres nt couriers are riot not entitled to 8 pet per cent then NIc CornIck and still kenyon still owe ane county a considerable sum on oil their bond purchase e and they want to see the matter tested mince thu the bankers bought most of their barrants at 18 an and d 99 and bere ere allowed their fact face value alue and interest in payment for the ond another point Is based on the ehe form of hie elie variants the face of ill the warrants specify acetify that they shelf bear interest from date of ra tile the omideis tiny say all al lillic tile tta un irama crants issued before juno june cc u anti and that thai therefore they must either cither be entitled to lnier Inter cat elit before hc fore tile lack in I 1 of 0 vall dallo took look erix ur or else they are arc entitled tu to no ito interest inere L tit at all |
