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Show BOARD REDEEMS LIISJO STATE Notes for $600,000 Held by Palmer Bond & Mortgage Company Are Paid. The state board of loan commissioners yesierday paid to the Palmer Bond & Mortgage company ?COO.O0O and interest on temporary Joans advanced by tho company com-pany from time to time in return for short-term notes from the state. This is the total indebtedness of the state to that company, or, except for bonds, to any fund outside the state itself. The only exception is 150,000 in short-term short-term notes now ready for marketing, the funds from which will be used to pay for the extension to the capitol grounds. The present legislature authorized this loan to be made and it is expected that the next legislature will provide for its payment. The state, however, still owes itself a considera ijie sum of money. Part of this is ! 100.000 borrowed from the state land hoard during the war, which it was expected ex-pected would be paid off hy arrangement arrange-ment with the federal government, since the money was used for the construction of buildings at the t'uiversity of Utah and the Utah Agricultural college to house soldiers in training. This matter also will be brought to the attention of the next legislature. The state also owes additional sums to the state land funds, which will be paid off as necessity arises or as demand is made by the land board, in order to make loans that have been approved by that txiard. |