Show TERMINAL BOND BONO SALE ARRANGED Negotiations for tor the sale of the defaulted first mortgage bonds of the Salt Lake Terminal company have lave been completed it was announced announced announced an an- Wednesday by Dilworth Salt Lake City member of the tho bondholders' bondholders protective com corn Bondholders will receive 53 cents on the dollar which includes accrued Interest at 3 per cent since 1 Juno June 1 1 1935 The Tho buyer Is Js Lahman V. V Bower of or Chicago one of or the of 0 the Bamberger Electric railroad theother tho the other being Julian JuHan Bamberger NegotiatIons Negotiations Ne Ne- were completed by Mr Bowers Bower's acceptance of an offer sub submitted by the tho bondholders' bondholders prot c. c live tive committee May 6 last The Tho bond issue tot totals 28 OO am and Mr said about 50 M per cent has bas been deposited with the bondholders bondholders' bondholders bondholders' bondholders bondholders' bond bond- holders' holders committee Holders Holder o of par value or 01 56 per cent have agreed to sell at the t terms terms-of ot- ot by the tho committee committeD and accepted accept accept- ed by by Mr Bower Mr Bower agrees agree to buy also as much of at the remainIng remainIng remaining remain remain- ing par value as may be of offered offered offered at 53 sa and delivered before July 1 at the Harris Trust and SavIngs Saving company In Chicago The Salt Lake Terminal company owns the tho interurban st station Uon at West Temple and South Temple streets street and leases it to the Salt Lake Utah railway and the Bamberger Electric railroad Stock In the terminal terminal terminal ter ter- minal company company is controlled by th the railroads the bonds being held b by investors many of ot them in Colo rado |