OCR Text |
Show SALT LAKE COUNTY I RET IRKS RON!) DEBT Tomorrow, April 1. the Guaranty Guar-anty Trust company of Now York will cancel ami return to Salt Lake county $100,000.00 4 Road Refunding Bonds issued in 1934. J. R. Jarvis, county treasurer, received a letter of confirmation from the bank today acknowledging acknowledg-ing receipt of his check for $102,-000.00 $102,-000.00 to cover payment of the i bonds with interest. Remittance was made by Mr. Jarvis some days ago, so that funds would be available in New York when the bonds were due. These bonds are the last of a series issued prior to l!;i5 which at that time totaled $1,218,000.00. The county has paid $100,000.00 j or more each year since that tinitf and is now free of "floating" indebtedness. As these bonds have borne from 4 to 5 interest, this saving sav-ing will amount to a substantial sum to the taxpayers, Mr. Jarvis stated, O |