Show DUCHESNE CITY REDUCES INDEBTEDNESS In accordance with a resolution adopted by the Duchesne City I Council last week three tax an bonds in amounts of 1 1 and were authorized to cover indebtedness to Lauren W. W Gibbs Bonding company company com corn pany for refunding operations last fall and delinquent interest The bonds take the place of notes and bear interest at the rate of 3 per cent maturing on January January January Jan Jan- uary 3 1939 Instead of filling out all three of the bonds however however how how- ever the Council authorized the issuing of a check for payable to the bonding company to reduce the debt to Estimated tax revenue for 1938 was roughly figured at with additional revenue of about 1500 for water rentals and for license fe fees s. s Uncollected taxes still due the city amount to 3 53 |