Show DISPUTE LOOMS OVER BONn BOND FUND Auditor Applies to Attorney for Opinion on Disposal 1 of A controversy between City Auditor Auditor Auditor Au Au- Samuel F. F Nicholls Nichol s and city commissioners over disposition of of accrued interest on the 2 special water r. r bonds voted last July 1 I by the taxpayers loomed Tuesday Tuesday Tuesday Tues Tues- day as Mr Nicholls applied to the legal department for an n opinion During the budget sessions the interest interest in interest in- in terest was ordered applied to the ge gen general eral fund to t help pay Interest Interest Interest Inter Inter- est on on en the bonds which the city is required to meet on Oil December Dec 31 The interest earned by the water funds is the result of Treasurer J. J Parley Whites White's arrangement to draw the funds only as needed and leave the remainder on deposit In applying to City Attorney Shirley Shirley Shirley Shir Shir- ley P. P Jones for an opinion on the matter Mr Nicholls calls attention i to the fact that the bonds were pl placed ced into a special water trust fund and asks to be advised whether the interest interest interest inter inter- est earned is not a part of that trust fund The auditor also points out that an expense of was incurred in connection with issuance of the bonds and charged against the trust fund This expense expense Mr Nicholls agrees wOl would d be a logical item for the 23 interest to be applied against but the auditor balks balks' at transferring the interest from the trust fund into the general fund |