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Show STATE ROM BONDS IIGJI PIE Last of $2,000,000 Issue of 1917 Disposed of to a Denver Company. The state board of examiners yesterday sold 774 state road bonds, each for $lii0Q, and carrying per cent interest, to the Bosworth-Chanute company of Denver. The price paid was par and accrue! interest, in-terest, tho minimum required by the state law authorizing the issue. However. Interest In-terest from October 1 to May 10 is allowed as selling expense of tho bonds. The bonds are the last of the $2,000,000 issue authorized by the legislature of 1917, sale of which was delayed on account of wartime conditions, both in the financial finan-cial market and in road building. In addition ad-dition to this issue, the state' has still untouched un-touched the bond Issue of 54,000,000 authorized au-thorized by the legislature just concluded, under similar conditions. The proceeds from the present bond jaie will be used in paying fcr the work now under way in Davis county and wherever contracts have been let or are to be let in the near future. The sinkw.g fund of the bonds n a charge against the motor vehicle fund of the state, which is created out of the license fees paid by automobile users, who are contributing the 56.000.000 to the construction of good roads in. the state. |