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Show ,r :s, fAAC'IA, t r rrrv 1 Thursday, March 31, 194; LOCALS ill' Mra. UTAH Judm Jensen, Reporter Dial 2854 A PTA workshop meeting was held March 28th in Salt Lake City. Attending were Mrs. Carmen Simpson, Mrs. Mary Damron and Mrs. LaRee Fraser. Mr. and Mrs. Glen Olsen traveled to Nephi Saturday to spend the day with Mrs. Olsens mother, Mrs. Jean Sperry, thence to Spanish Fprk to attend a birthday party at the home of Mr. Olsens parents, Mr. and Mrs. L. H. Olsen. The occasion was Mrs. L. H. S Olsens natal day. Mr. and Mrs. Gordon Bird of Lake Ridge, Mrs. Bird's mother, Mrs. Vacel Underwood of Salt Lake City and Mrs. Birds three brothers and their wives, Mr. and Mrs. Bud Williams of Vernal, Utah, Mr. and Mrs. Gerald Williams of Salt Lake City and Mr. and Mrs. LaMar Williams of Idaho Falls, Idaho, spent the weekend in Elko, Nevada. Primary conference will be held at the home of Mrs. Geraldine White Friday, April 1st Ladies planning to attend are LeRona Martin, Gay Gibbons, Monta Maddy, Nancy Simmons, Dorothy GJlette, Bene Haslam, Thea Lou Mr. and Mrs. Larry Bailey and Anderson, Eva Ottley, Ha Ray two children are new Lake Ridge Peterson, Vernalu Bailey and residents, having purchased the Joyce Kelson. home of Mr. and Mrs. Hal Larsen. Mr. and Mrs. Bailey teach school Mrs. Carmen Simpson and famarea. in the Hunter-Grangily traveled to Kamas to spend Saturday with Mr. and Mrs. M. Bradley K. Patrick, son of Mr. Simpson. and Mrs. Harold Patrick, Jr. celebrated his fifth birthday March 24th. Games were enjoyed and re- LAKE RIDGE WOMAN freshments served to thirteen SUFFERS BROKEN HIP small guests. Mrs. Helen Hultquist of Lake Mr. and Mrs. Clint Woolsey and Ridge fell Sunday at her home Mis. Pearl LaFevre of Layton and suffered a broken hip. Friends were the guests at the home of will be interested to know that Mr. and Mrs. Thomas LeFevre on she is recuperating at the LDS Sunday. Hospital. t - yt .. $ T-- ,JM- ' l - ! gu. KEEP YOUR Carpets beautiful despite constant footsteps of a busy family. Get Blue Lustre. HUFFAKER dial FURNITURE, 4411. 41 FOR SALE Beautiful spinet to be picked up in Salt Lake County. Reliable party may purchase for balance duo. Con tad Daynes Music Company. 15 East 1st South. Salt Lake City. 41 WANT TO TEND Children in my home. Also do ironing. Inquire at 3424 Soulh 7495 West dial 2891. SLEEPY HOLLOW Furniture Upholstering. Hun' dreds of samples. Expert work manship. FREE estimates. Dial Magna 6101 or inquire 2610 South 1ANO 8990 West. Wall-to-wa- 41 REMODELING Roofing and siding by an old reliable company. 42 Free estimates. Call 2154. RENT Magna Women's FOR Club for parties, meetings, showers. wedding parties. Dial Mrs. G. L Smith. 6872. Reasonable 00 FOR RENT rales, fin accommodations. - 2 , DANCE TO THE Melody of a live orchestra. The Lamplight- ers' every Saturday night at the 00 Towns Tavern in Magna. FIX UP FOR SPRING Have new roofing or siding of aluminum or dura-coloFree estimates. Satisfaction, low prices. 42 CaU Magna 2154. 41 VIOLINS And rentals and sale. Reasonable LENNOX Heating and Air Condi- Guaranteed repairs. rates. WILLIAMS' VIOLIN tioning Equipment Sheet metal SHOP, 6776 West 2700 South, dial work. Gas Appliances. W install 00 and service all types of heating 2648. To us TIME THE let figure equipment See your authorised ITS Lennox Dealer. Glen and Jack's out the price of a new roof of siding. Healing Co. 3394 W. 3500 So. Dial aluminum or dura-colo- r residence CY Free estimates. W shall be happy shop. CY 42. 00 to advise you. Call 2154. or CY r. fur- apt, 6178 West 3500 S nmojt December crucn imion iouiboi (an improvement district) , CF INCOME Bclmonl tMGHT BOl RB01 In our opinion, the accompanying balance sheet and statement of income and earned surplus present fairly the financial position of Magna Water Company at December 31, 1959 and the results of its operations for the year then ended, in conformity1 with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Ernst & Ernst Certified Public Accountants Salt Lake City, Utah January 15, 1960 TffilFHit'to - I'rW'li!'!'1 V OTJEWulsJih BOURBON THE LIGHTER 90.4 PROOF WHISKEt STRAIGHT BOURBON BEIMONT DISTILLING AND EARNED SURPLUS (an improvement district) Years ended December 31, 1959, and December 31 er $ 3,011.03 The cash and securities m the reserve fund may be used, if funds are not otherwise available, only to meet interest and principal payments on the water revenue bonds. Note C - The taxes levied by the Board of Trustees on all taxable property in the Improvement District will be used to pay the interest and principal of the water bonds and the general obligation bonds. notes to financial statements See BALANCE SHEET COMPANY (an improvement district) and December 31, 1958 Increase 1959 ASSETS UTILITY PLANT AND PROPERTIES Note - on 1958 . Decrease 1959 .$ IN AID OF CONSTRUCTION CONTRIBUTIONS A SURPLUS EARNED Less allowances for depreciation LONG-TE- DEBT RM and 4 58 General Obligation Bonds due from July 1, 1963 to July 1, 1984 -serially A Note 2 General Obligation Bonds due serially to March 1, 1971, less $4,000.00 current ? - Note B Cash United States Government securities, cost and accrued interest at l2? maturity 345? and U Water Revenue Bonds due serially October 1, 1971, less $9,000.00 current 3 to CURRENT ASSETS A Deposit for interest payment due January 1, I960 United States Treasury Bills, at cost and accrued. interest - Note A Accounts receivable, less allowances for doubtful accounts and uncollectible taxes (1959 - 12, 600.00 1958 - $1,950.00) Prepaid expenses 9,141.93 99,088.44 67,299.74 696.42 - less accumulated amortization l26 serially to August 1, 1971, less $4,000.00 current maturity - Note C Unsecured notes payable, bearing no interest, due 3 at Company's CURRENT discretion LIABILITIES Accounts payable and accrued expenses Accrued 13,354.85 - Note B Water Bonds due maturity TOTAL CURRENT ASSETS EXPENSES increase M Decrease LIABILITIES the basis Plant and properties BOND 1958 ment, and extension fund and requires annual amounts to be deposited on a monthly basis. Beginning with 1953 only the reserve fund account has been used. The amounts on deposit and invested at December 31, 1959 are compared with the required amounts as follows: - On Deposit Over-Undand Invested Required Required Water Revenue Bond interest and sinking $ - 0 $ 3,276.90 fund $ 3,276.90 Reserve fund 30,000.00 16,765.87 Renewal, replacement, and extension 16.500.00 fund . 16.500.00 December 31, 1959 foote IND. CO., IAWRENCEBURG, 31, 1959 MAGNA WATER - llVginc whiskey Note B - The Water Revenue Bond Indenture requires three bank accounts (1) the water revenue bond interest and sinking fund, (2) the reserve fund, and (3) the renewal, replace- We have examined the financial statements of Magna Water Company, (an improvement district), for the year ended December 31, 1959. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. Cash SCHOOL wiU 58, Board of Trustees Magna Water Company Magna, Utah RESERVE FUND THE WEBSTER visit and take a class at the Magna library on April 4th. All other interested citizenry are welcome to call anytime. improving and extending the water system. At December 31, 1959, current assets include cash and United States Treasury Bills of $200,996.90 of which approximately $193,000.00 is encumbered for scheduled completion of water system improvements in 1960. lowjmiirr. - better-inform- Local library officials, headed by Mrs. Helen Fotheringham, states this week is not an end in itself. It is an attempt to concentrate in one week the importance of reading the year round. Note A - On July 1, 1959, $400,000.00 of General Obligation Bonds 4 12 and 4 due serially from July 1, 1963 to July 1, 1984, were issued for the purpose of paying the cost of noof (UlUOtf MTtUlUUft WHiatr of cost F0K .41 MAGNA WATER COMPANY NOTES TO FINANCIAL STATEMENTS .jabel Your Bright Buy in Light Bourbon CY nished; Inquire at $041 SJuth 8850 $300 DOWN West dial 2505. Also rag rugs for home. 2749 South 9100 41 West sale. Magna. Sea us about trad ing in your home for one of our FOR SALE Immaculate 3 BR modern homes in brick home in Lake Ridge. Move Western Acres, 3700 S. Granger. 4000 W. right in and enjoy living. CarpetMIDWEST AGENCY ing, awnings, landscaped, patio CaU 6003 and chain link fence. $12,950. GI 41. loan can be assumed. 4'j interest. You offer your terms. To see FOR RENT apt with gas call Home Realty, AX or Frig., garage, locker space. range. 00 AU utilities furnished Magna 6725. except TV SERVICE Reasonable rates. lights. AvaUable after AprU 4. Phone 6830. Douglas TV.' 8 178 W. See at 8630 West 2800 South. 41 2700 South. 00 Card of Thanks We desire to thank everyone for LDS MISSIONARIES Beautiful Farewell Testimonial programs, their many kindnesses, aid and of the Salt beautiful floral offerings at the plain or color-vieLDS Tample. Compare our prices. recent death of our beloved one, The Family of Copper Printing Company, dial 00 EsteUa L. Pehrson. Magna 3322. STATEMENT MAGNA WATER COMPANY s. d, OLD GLENMORE 0 ll SEEKS AMERICA t FOR SALE IN MAGNA LOVELY NEW SPINET PIANOS house, drape and carpeting with SIS down, $15 per month all are apt. garage, patio, lands. boxes. fresh from the packing See Allen Kennedy, 4216 South None have been bounced around 4000 West Granger or dial CY on a salesmans truck. Over 25 41 Silver A J purpose disposal. Finished rumpus and of National Library Week is to utility room lower level. Attached double carport with lge. outside encourage lifetime reading habits , Responsible person from this ' storage room. and the use and support 6f liarea to distribute complete line braries of all kinds by everyone. dose to schools. pting f ho The. goal is a better-reaLow Show payments. gum. etc. through NEW TTPE b America. onl Call M 00 664. lgnl automatic dispensers. No selling. WANTED W establish accounts for you. RIDER Monday Must have $800 to $2400 cash cap- through Saturday. Arrive in S. L at 8:00 a. m. Leave S. L at 6:00 ital. a good car and references. 42 to 12 hours weekly can return p. m. Phone 2061. excellent earnings spar time.' WEDDING Invitations, serving For personal interview, writ Box napkins, etc- - finest quality and 1055, Boise. Idaho. Include phone lowest prices in Salt Lake Coun41 ty. We guarantee our work. Copnumber. PLOWING And harrowing. Rea- per Printing Company, dial 3322. sonable. Inquire 2903 South 8850 WANTED Woman to tend chil42 dren in my home. Mondays West or phone 5500. through Fridays. Inquire 8060 41 SALE Holpoint electric West 2700 South or dial 2876. FOR stove, ex. con. See at 2759 South 41 15 ACRES Farm ground for rent 8500 West. or let on shares. Plenty of water. - 00 ifferent models and styles to ihoose from. You will be happier if you call at our showrooms before you buy. SUMMERHAYS MUSIC COMPANY. 3719 South State Street. Salt Lake City. 45 SGOLDIE- SHOE"REPAIR Now open daily from 9:00 a. m. to 2:30 p. m. Located across from Louis Falvos Merc. 3008 S. 8350 West. V "EETTER-INFOLVI- ' FOR RENT Nice modern apt Call 2880 South 8560 West or 2044. isliki i OPPORTUNITY MAN OR WOMAN 00 Magna, I' NATIONAL LIITARY WEEK k April 3rd through 9th has been FOR SALE Toy Poms, AKC Reg.' FOR SALE Beautiful split level designated National Library Week Dial Magna 4480. 41 brick home on large corner lot 6 and William I. Nichols, chairman months old. 3 BR, 3 baths, tiled of the 1960 observance and editor FOR SALE Fresh eggs at 2981 drainboard. shower, vanity, win- and publisher of This Week MagSouth 3200 West Magna. 41 dow sills. Built-i- n range, oven, azine, has stated: The Inquire 7390 West 3100 South or 41 dial 2949. TEDS TV and Radio Service. Tube tested free. Fair price. Phone Ted Pasternak. 5093, or inquire el 3074 South 8800 West, dial aI h CLASSIFIED ADS 50c lor 4 FOR SALE Attractive 3 BR lines cash, or 75c for 4 lines by home on confer lot. Lge. cot. phone. COPPER PRINTING CO. patio. dbL spkg, system and chainlink fence. Must see to apWILL DO IRONING In my 3405 South 7580 West home. Reasonable. Call 7785. 41 preciate. dial 2532 43 INCOME TAX Returns prepared at your heme. Reasonable FOR SALE Holstein milk cow, prices. R. R. Barker, dial Magna young, ready to freshen. Hones 2440. 44 for sale and also straw at 50c bale. Wayne R. Buckner, son of Mr. CARD OF THANKS and Mrs. Ralph Buckner, departed We desire to acknowledge our March 13th for Fort Ord, Californtour of duty in appreciation and thanks to everyia for a one for their many kindnesses, aid the armed forces. and floral offerings at the recent Mr. John Holman is in St death of our beloved one. We are Marks Hospital undergoing tests most grateful. The Family of George A. Coon and medical observations. break out the best S interest on long-ter- Current maturities on m long-ter- m debt debt Deferred income TOTAL CURRENT See notes to financial statements LIABILITIES 221,005.73 $209,469.55 183,432.70 135,463.55 $ 11,536.23 47,969.15 .J |