Deseret Evening News | 1901-02-04 | Page 5 | Borrowed from the Banks

FROM THE HANKS One Ono hundred and nod tt thousand dollars worth of or the city bonds which have been called In iii and are to be re redeemed reo redeemed deemed by hy the tho new Issue of ot re refunding reo refunding funding bonds bon lis the tho form torm for tor which was approved by b the City Council na ne Its special meeting last Friday evening have been presented to tho the city cU treasur treasurer er for or redemption To take toko up these those bond bonds the time city has hs temporarily bor borrowed borrowed rowed from the local banks hanks funds funda to cover oer the amount of ot the old bonds which were furnished hell by the lie following banks Th National Bank of at tho the 3 Wells Fargo Co and the th Deseret National bank These loans lane are calculated hated to be bo of t only short duration as S I It ItIs Is expected that now noly no the form torm of ot bonds asked for by b Farson Parson Leach S Co has hils been approved e th nw will soon be forthcoming