Show OGDEN WATERWORKS LOAN NEARING VOTE Ordinance Being Prepared for Presentation to City OGDEN The OGDEN The draft of an ordinance providing for the sale of up to of ot waterworks revenue bonds In connection connection con con- with the proposed federal public works loan and grant granto to o rehabilitate the city waterworks system is expected to be ready for presentation to city commissioners this his week S. S P. P Dobbs special counsel is working on the ordinance whereby the he city would authorize the issuance and sale of ot revenue bonds to secure the he 4 per cent loan from the govern govern- ment mente The contract for the borrowing of money has been signed by the city and has been delivered to the engineer engineer engi engi- neer of the public works administration tion ion in Salt Lake If U the ordinance is adopted by the commissioners it will willbe willie be ie necessary to bring a test case before be be- fore ore the Utah supreme supreme court on the validity of such a a procedure under the he Granger act In negotiating the loan the city probably will attempt to borrow secured d by waterworks revenue bonds Donds only and the government wider un un- ler der the setup would give the city as asan asan asan an outright grant |