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Show PLOATING BONDS Of U. L. & 8. COMPANY In order that all the floating Indebtedness Indebted-ness of the Vtah Light and Rajlway company may wipe out its floating indebtedness, in-debtedness, as well as provide for contemplated con-templated Improvements in the system, 1 tirand Young is in New York nego- tiating the sale of $1,500.001 worth of consolidated mortgage bonds recently ' Aoted by the company. The bonds are of the denomination of $1000 each and are secured by a consolidated mortgage on the company's properties now held by the Bowling Green Trust company of New York. The paving of Brigham street forced the company to make changes in its trackage that cost J100.000, it is said, while the payment of interest, providing provid-ing for the sinking fund and the cost of extensions and Improvements will require re-quire all the money that is now being raise'd from the sale of those bonds. i |