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Show Page Six Kuivka The Uejxntfr August 7. JJSI Juab County issues revenue bonds for cement company Editor's following note: is a reprint the Provo Daily from Ilearld. Juab County Commission has finalized an agreement to issue bonds for Marietta Martin Corporation. Martin Marietta building cor- the commission that even has asked the if the corporation were to poration to sell $1,000,000 in go broke, the county county industrial development would entail no risk since revenue ' bonds and the bonds would then $9,600,000 in pollution revert to the underwriter. Revenue bonds are paid control bonds for the for plant. by company revenues and differ from the Grant Badder, a bond general obligation bonds counselor from Kutak, which governmental Rock, and lluie, met with the commission to finalize agencies utilize to pay for the agreement. He told public projects in that Juab County.The The is $85,000,000 cement manufacturing plant near Leamington in Loree C. Memmott, they do not obligate the in county clerk, is legally eaxpayer any way. Since the county is a termed the chairman of political subdivision the board. As such, she and will be required to sign duly organized existing under the Con- the bonds and deliver states the them to the underwriter. stitution, is Her position as chairman it agreement, authorized to issue the may require her to bonds. Hence the county represent the county in will be able to assist the New York in August. corporation in raising the The closing date for the necessary financing for sale is Aug.ll, but plans the project. plans are that Mrs. Utah Postmasters hold convention Utah Postmasters from Postal Service center manager; Crenna at in Thompson, Litchfield Park City, headquarters gathered Tuesday through Friday, Washington, D.C., and Park, Arizona, NAPUS for the for the 45th annual con- NAPUS president Jarrjes vention of the Utah Syers, Sturgis, Kentucky, Denver region which Chapter of the National headed the list of guest includes Utah, and David Association of Post- speakers. Hyde, postmaster of Other speakers were Ipswich, Mass., who is on masters of the United States. Attending from Fletcher Acord, Western the NAPUS executive the Eureka Post Office slopes District Manager, board. vice-preside- Salt Lake City; Howard L. Buck. Salt Lake City was Postmaster Pauline Elmer. Host postmaster for the convention was Bryon Johnson of Park City. Convention headquarters were centered in the postmaster-section- a 1 nt lime of the postmasters attending the convention. President Weeks officially convened the convention on Wednesday morning for the first business session. A banquet was held Thursday evening and the concluding event was an Committee meetings installation luncheon for and an early bird social new officers Friday at on Tursday occupied the noon. Memmott will sign the bonds and present them for sale to Blyth Eastman InWebber Paine corporated on Aug. 11. was agreed that First Security Bank of Utah will act as trustee for the county in the bond sale. It The Martin Marietta cement plant is scheduled for a winter 1981 opening, and will boast one of the world's four-stag- e most modern pre-calcin- er facilities. The industrial development bonds are being issued to finance the acquisition of a crusher complex through which all limestone, quartizite, and shale will pass and be reduced to a useable size for the manufacture of cement. The pollution control bonds are being issued to finance the installation of equipment to aid in the abating or controlling of pollutants atmospheric and contaiminants. Badder explained that the interest on the bonds will be charged at a rate of of ten and three fourths percent per annum until August 1982. After that date, interest will be based on a per annum interest rate with each arithmetic average being subject to a floor of six percent and a ceiling of 12 percent. Such an interest rate is known as floating Shadow Ridge. Hotel. David Weeks, Smithfield, chapter president, the presided over business sessions, assisted by chapter vice-preside- nt James Whimpey, Nephi. Assistant Postmaster General Carl Ulsaker Carnival comittee The committee in charge of the Kiddie Carnival for Depot Days, is seeking donated items for prizes for the fish pond", such as toys, jewelry, etc. Anyone having such items, please contact Coleen McNulty, or Joan Morris, knick-knack- s, 433-684- 2, 433-686- 9. The Kiddie Carnival will be sponsored by the historical society and will be held behind the Depot. enwill It offer tertainment for the kiddies on Sunday, Sept. 13, at 1 p.m., with fun games and prizes. Just one more addition to the Depot Days festivities!! Attention band boosters The Band Boosters Organization is holding a meeting on Monday, a.m., at August 10, at the home of Mrs. Iris Swensen. To be discussed is the matter of selling hamburgers at the ballpark during the Depot Days celebration. All. A band members and their mothers are urged to attend the meeting. Proceeds from the sale will be used for band trips and new uniforms. 11 First Securitys VISA Ranking Card and VISA Credit Card give you banking service all over the world. When you have our VISA Ranking Card in your wallet, you can make withdrawals from your checking account anywhere in the world VISA is accepted. ANYWHERE. And with our VISA Credit Card you can charge for goods or services, even get cash advances, wherever you happen to be. Use cither of these cards in your hometown or Timbuktu. Theres no monthly fee to own or use the Banking Card. And with an Advantage NOW Checking Account, the VISA Credit Card is free. Get hometown banking worldwide service. First Security VISA Banking Card, or VISA Credit Card. Apply now for approval. FqqsI Security Bonks affiliate bank of first Security Corporation is a member of FDIC. |