Show V COm OFFICIALS a U COMPlETE J BOND DEAl ABOND All ll County Bonds Now Nov On Low Interest Rate The total indebtedness of Duchesne Duchesne Du Du- Du- Du chesne county is now bearing bearing bearing bear bear- ing interest at the rate of three and quarter one per cent instead of five and five and quarter one-quarter per percent percent cent as a a. result of a transaction in Salt Lake City last Friday and I Saturday Duchesne County Commissioner Lyle Young County Treasurer Porter I Merrell terrell and County Clerk Arthur Goodrich completed the transaction last Saturday with the W. W G. G Goodart Bonding Co 62 62 bonds bearing the higher rate of interest were exchanged for the same amount at the lower rate The officials brought the old bonds back to Duchesne to be filed in the county vaults Earlier Transaction The other bearing five and one-half one per cent interest were refunded a year ago in a similar transaction with the the Beneficial L Life e Insurance Co putting them on the same interest rate as that carried carried carried car car- ried by the exchanged last week The he interest thus saved amounts to annually The new bonds are dated July 1 1939 to mature serially on January 1st of each year from 1941 to 1956 inclusive on January 1st 1957 and on January in each of the years 1958 and 1959 Chairman Young expressed himself himself himself him him- self as greatly pleased and relieved that the deal had finally been com com- It was a project begun bythe by bythe bythe the last board of commissioners of which he was a member and both the old commissioners and the new board have devoted a great deal of time to completing it it |