Show City Borrows to P Pay y Up 1925 Bonds In order that Salt Lake City may pay off oft the tax anticipation tion bonds for tor 1925 which become due in N New w York City Thursday the city commission V Wednesday morning passed a resolution authorizing City Treasurer Robert N. N Young to borrow from the local banks for tor thirty days at atS 5 S 2 1 per cent interest This amount the treasurer advised was necessary to m make ke ip p the full tull amount which has haa to be paid Thurs Thurs- day The loan was authorized from the toll following owIng banks in in- inthe the sums Indicated indi Indi- National Copper bank 80 Continental National bank Utah State National bank Walker alker Broth Brothers re na Bankers Deseret National bank 85 and Zions Zion's Savings bank 85 The money was waa obtained by the treasurer during the morning and the full tull amount to retire the tax anticipation bonds for tor this year was transmitted to New York during the theda day |