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Show IU G0NS1DERIH6 City Owes $125,000 on Out- j standing Warrants Which "inal It Cannot Pay. T ty r N( Sueclnl to The Tribune, spot OfJOKN', March 9. That Ogdon city A-Drl must issuo $125,000 in bonds to take care of its outstanding obligations and N, ymt its credit upon n gilt-edged basis, kftt is the opinion held by a committee of nolu bankers of the city who met today with an,j the board of city commissioners at the prlo city hall. The meeting was called for lias' the purpose of discussing a proposition on t of taking enru of the outstanding war- sh"' rants heretofore issued by the city )n(t which aro due, overdue and unpaid, linn The face value of these warrants, lha outstanding, is approximately $12.1,000, "P according to an official statement is- 'wlt sued by the commissioners and given JJJjJ out this afternoon by VV. 11. liecder, mlv -Ir., the city attorney. It is stated of further that, the city has not sufficient lu funds with which to meet payment, and its failure to pay effects the credit Tj of the city adversely. 0r These warrants were issued, it is Urn stated, for bona fide and legitimate pui obligations of Ogdon city, covering a p period of years and are honest debts bal WM(,,h should bo paid. This is the atti- tudo taken by Mayor T. S. Browning ii,b and Commissioners M. L. Jones and ooi Chris llygare. wr It was the consonsus of opinion at ' today's meeting that the credit of Og- " lea City should bo maintained in a to gilt-edged condition. The best way to wo take caro of the indebtedness without 001 additional taxation, it was decided, ' would be to issuo bonds. if |