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Show 3.000 WATER BONDS REFUNDED Tlie city council met in special fssion Tuesday afternoon to pass cn the application of the Lauren v Gibbs Co., affiliated with the Hton-Jenkins Co., of Salt Lake fc'-y. to purchase and refund $25,-w $25,-w outstanding water bonds of 5; George City. An agreement was signed with ;W C. Smcdlcy, representative of company, and the above -".;nt of six per cent bonds be purchased and refunded ' t'ie issuance of 54 per cent :-l bonds. The total amount of f city bond issue is $35,500, and 8a "mount $5000 will be taken J bv the city next April and t'.J in February, 1932. leaving this plan the city will save l'r month in interest. Under I wment the last bond will i'5 194. In 1933 the city Uke up a $1000 bond; from ! 1940. 1000 wiU mature year; 1941, 1942 and 1943. each year, and in 1944. |