Show St. St Nl Marys Mary's rys ry's College Unalarmed l. l at Foreclosure s I MORAGA CaL Cat Oct 23 28 RS Far removed from the hard world of ot reality where the dollar speaks peaks little Ittle St St. Marys Mary's college peacefully nestled In these baked sunbaked hills of ot Moraga valley seemed not a bit anI annoyed annoyed an an- I noyed today by threats of ot foreclosure I sure ure proceedings I So far as the tho Christian brothers were concerned the they were not frantic fran fran- tic le In to find some ome escape from their financial Philosophically and with a peace of ot mind that demanded admiration admi admI- ration they went about their duties Classes were called as usual There was early morning mass In Inthe inthe the he campus chapel St St. Marys Mary's college Issued bonds In n 1923 1023 to obtain funds for buildings In n Moraga valley to supplant the antiquated which had been St. St Marys Mary's college In Oakland A beautiful campus with administration admin- admin buildings building of picturesque Spanish architecture arose In Moraga Moraga Mo- Mo raga valley Bondholders Bondholder now no want to be paid Interest on their bonds bond Is long Jons over over- overdue due Of Ot the Issue par value of ot the bonds are now v out out- standing Of Ot these worth have bave been deposited No interest I has been paid on the bonds since I July 1 1934 1931 I Because their comptroller James JamesE E Eo Butler Buller who was placed In charge of ot the schools school's finances last year now noI has been relieved of or control con con- over funds from the athletic department and because student enrollment decreased from in 1932 to this year the bondholders coni deemed immediate action sar sary |