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Show UTAH II PROVIDE mn ns Bill Is Introduced in Senate for Bond Issue to Redeem Re-deem Pledge. The initial step toward redeeming the pooi-l roads pledge of the Democratic (-arty was taken vesterdny. afternoon when a hil was introduced in tiio sen-ale sen-ale prowding for a . 1 ,OhO,iiuO bond issue is-sue to ho used for the construction of roads and bridges throughout the state. So limitations are placed upon the expenditure of the fund except that it shall he devoted exclusively to the, construction con-struction of roads and bridges as may-he may-he deemed best l.y the state road commission. com-mission. Xn apportionment as to counties coun-ties or districts is provided for in the hill. The state hoard of loan commissioners commission-ers is authorize. 1 (0 negotiate a loan of I .(inn, OHO in bonds, which are to run not longer than twentv years. The bonds nil) bear interest at a 'rate to be fixed by the hoard, but not to exceed -1 1 2 pei- cent, and are to be sold at not less tnan par value and accrued interest. In connection with the bond bill there, was a bill introduced providing that the money received from motor vehicle and chauffeur licenses shall be converted into a motor registration fund, which is to be used as a sinking fund for the redemption of bonds. |