Show r OFFICIALS SIGN j Lire Life is becoming just one signature after another for live five elective state J officials Governor Henry H. H Blood Secretary Secre Secre- 5 Milton H. H Attorney At tary bry of oC Stats Stata Welling t. t torney tarney General Jos Joseph ph Chez State Treasurer Joseph fine and State g ft Auditor Julius Andersen Andesen Tuesday f completed the signing of oC 1015 1915 1000 L is- is i bonds representing the refunding sue juc approved recently by t the e Je is r The officers signed the original I becom becom- It December r issue of or bonds in secretary or Of State ing nece b bonds to take t the e Milton H H. H Welling to California for Mr Chez s ture at that The original issue calI calling ng for immediate im im- mediate o commencement of ot install install- Sent ment payment on the principal is fc by the refunding L issue ue which reduces reduce interest rates from 4 It 1 to t 3 per er cent and nd delas delays pa payment ment on the he principal until 1910 Th The s saving ving in interest is merely merly ly a bookkeeping ing saving until such time ai l.- l. the state slate sells the bonds At the present time they arc are held in the stele sinking fund the interest being paid said to the state late geneal cneal fund which in n turn returns the money as debt service The state it was explained was able to reduce the interest rate because 3 per cent state stale bonds can be disposed of or at par on the present market |