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Show WON'T TAKE THE BONDS. i " So the Mutual Life Insurance com- 9 ! pa'ny has refused to accept the million fm dollar issue of Salt Lako City water m t( bonds, for tho reason that the city I -j cannot legally sell bonds for the pur- , pose of improving and developing , water rights which It docs not on. B l Tho bond buyers do not think much B ( of tiio plan outlined by the city ad- B (l ministration to trado Utah lako water B I with tho farmers for Cottonwood B c water. Tho city, It appears, will have B i to acquire a legal title to the water , it purposes bringing into tho city be- , fore tho bonds will ho marketable. II , that Is tho case It will bo a good thing , for tho city. It will savo the oxpendl- , turo of a million dollars for nothing. , |