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Show the-LEASED the-LEASED GRAPEVINE Salt Lake City's auditor's office of-fice has prepared a tentative general fund operational budget for the fiscal year 1962-63 totaling total-ing $10,121,290. The amount balances with total estimated revenues. This was shown in a budget report presented to Mayor J. Bracken Lee Tuesday. The report was compiled after a series of budget conferences between representatives rep-resentatives of the auditor's office and representatives of various city departments. A decision to offer for immediate imme-diate sale 11 and one half million dollars worth of Salt Lake City general obligation bonds was rewarded re-warded this week with the lowest low-est interest rate ever received by the city. A syndicate headed by Chase Manhattan Bank of New York City and Harris Trust and Savings Sav-ings Bank of Chicago will receive re-ceive the city's remaining capital improvements bonds for an average aver-age effective interest rate of 2.6946 per cent. The rate will cost Salt Lake City $3,268,462.91 in interest over the next 15 years. Secretary of State Lamont F. Toronto said this week he is preparing pre-paring a list of Utah corporations that have failed to file annual reports with his office. The list will be turned over to the attorney attor-ney general for legal action to dissolve the corporations. The list will be in the legal chief's hands by July 1, Mr. Toronto said. Changes in Utah's homicide statutes to establish new procedures pro-cedures and eliminate legal delaying de-laying tactics between the conviction con-viction and the execution of persons per-sons sentenced to death were under un-der consideration this week by the Criminal Bar Section Utah State Bar. State officials this week were studying a possible appeal to the U.S. Supreme Court on a decision returned in favor of the federal government in a suit with the State of Utah over title to a 55-mile 55-mile section of San Juan River. Dr. Frank E. Duddy, Jr., Presi- dent, Intermountain Colleges Association, As-sociation, announced the receipt of a $1000 contribution from the New York Life Insurance Company. The funds will be divided di-vided evenly among the member colleges. They are: The College of Idaho, Caldwell, Northwest Nazarene College, Nampa, and Westminster College of Salt Lake City. Dr. Duddy stated that the gift represents continuing support to the organization. |