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Show HIGH TRIBUIIAL RULES AGAINST WATERLOAIIS Docldos Ogdan Cannot Borrow Bor-row From R. F. C to Improvo 8ytm Umlil e w Tifcwl OGDEN. March -The IUU supreme su-preme ourl ku ruled again Ofltn city bl Um test mm to determine whether the city ma borrow 141.000 from Um Rorotutructlon Finance cor-poralloa cor-poralloa to ton prove the local water system, attorney la the com MUM todey. j Tho ruling wa, InUrproUd br M meaning that no UUh municipality, under present italo Uws, can lame bond to deposit aa security wltk the K T. C lor Mlt-Uquldatlng loan (or waterworks Improvements, The ruling, the illonira ware Informed, In-formed, wo written by Justice Will H. Folland and concurred In by Justice Jus-tice Eliaa Hansen, D. W. Modal and Ephrslm Hsneon. It bald, lha attorneys aald. that urh a bond laeua would ba In violation of the atate coneilluUnn, that It would not bo authorlaed by a aiajortty of the elector and that the emount added to outalandlng city Indebted naaa would be la e-ceee of the legal borrowing limit of I per rent of the aanand valuation of the city. The city propoaed to pledge revenue reve-nue from the Improved water system to repey the loen. City Attorney B. P. Dobbe represented the municipality In the caae and LeRoy B. Young rep-rennted rep-rennted cltiiena protesting the proposed pro-posed bond Issue. |