Show Palmer Company Gets I Logan Municipal Bonds LOGAN At April r 1 23 Thursday Thursday evenings evening's eve eve- eye eye- ning's session of ot the oil elt city commission wa was wall attended by nine representatives of as many bonding companies present present present pres pres- ent to bid on the refunding isu Issue of electric light bonds first is issued l.- l. sued to construct the present municipal pal I light I and power r plant In addition addi addi- fl t eI J tion there e were r two bids by mail The Palmer Bond and Mortgage company of Salt Lake Lak offering the thet best beet t terms was awarded the e sale of the I Issue ha its t offer being at et t the rate a of on ott each 1000 with ac he accrued ho Interest from the date of or Issue until delivered to purchaser r. r the bonds to draw S per cent Interest The basic f for payment the first to be made In 1926 1925 will be a aI year ear with accrued Interest to date of each issue The first payment will I total SUG As each ach payment is made the Interest on Is eliminated |