Show SCHOOL BOARD SELLS NOTES Issue of Bears Only J V i I O One f P P Cent 1 t C f nt Interest Bearing interest at only 1 i per cent nt arid and nd netting a premium of a block of worth worth- of Salt Lake City school tax anticipation b bonds rids had lad been sold Saturday Saturday by the board of f education The interest rate is said aid to be lowest ever paid on local school chool tax lax b bonds I The issue was purchased by Walker Valker Bank Trust frust company company which sub sub- milled the lowest of four bids re rc re- re by the board Other bids were received as follows ContInental National Na tion ional l B Bank Trust company kl 1 1 8 1 per er cent interest and nd premium m of 5 First First Security Trust company arid and rid Edward L L. L Burton company p per percent percent r cent interest and premium of 7 1 r. r K Mullen Inv Investment co company Denver per cent tent interest and 25 25 premium Bon Bonds Bonds' will be d dated ted October 1 and mature nature December 15 The issue brings wrings th the total amount of ot school t tax x notes sold this year up lip to tp Officials said it may be n necessary to sell another small block of about 50 50 to before tax revenue is received this fall However the 1934 tax lax ax bonds any circumstances circumstances circum circum- stances equal f the amount sold last year rear it was explained A total of worth of bonds were issued to finance general operations of t schools until t taxes were available in 1934 Prepayment of taxes was a material material mate mate- rial factor in r reducing the amount of bonds sold this year it if was said |