Show OFFER BUNDLE TO If STATE L LAND LAII BOARD OARB Contractor Kennedy Would Sell SeIl I in City Ill Warrants arrants at a Discount TREASURY HOLE THE CAUSE Scared at Condition of City Funds Funds I Investments Funds Investments by State Officials Scared by hy time the shattered condition of or the city tr treasury James Kennedy has haR offered the state land w worth rth of or special Improvement warrants war war- rants at nt On H cents cent on the dollar This means a loss lo of or to lo Mr 11 Kennedy Kennell Ken Ken- Kennedy nell nedy who wa was forced forcell b by time the city to accept pt the warrants In payment of or tl the thi- work worl he had done cIonI for the city cIt While the state slate tnt land hoard heard ha has not vet vot invested t l In th the he Kennedy warrant warrants time the board boalt hn has made madl othe other r e Investments tm In Salt Sait Tal Lake e City Cily warrants and scrip and will trill give he this latest of offer Cpr th the most careful con consideration Mr 11 K Kennedy nned has laid a 3 great reat deal leal of water mains for the city and h his contracts amount up Ull Into the hun hundreds o of thou thousands of or dollars dollar The rho state land hoard board at its sitting Friday hou bought ht worth o of special spa spa- del cial improvement warrants front from lom S Birch at al a i r. r per cent discount plus plu accrued Interest rue Tho board hoard has In Invested invested In- In I vested steel In a large bulk hulk of Ir City warrants that ha have been paid to Bitch for hl his I contracts by hy the city and h ho he was glad clad lal I enough nough to have P them theta taken U up at a I discount rath rather r than tItan hold th them m and amI have the city redeem them thorn through the tho faulty system y that hn has been 1550 followed fol lowed I by In- the 3 administration In Io th the handling of warrants nn and scrip an County Hemel rh The state land board hou bought ht worth of or Morgan county C G per bonds at a premium of ot 1 I per pr cent and accrued Int Interest re L' L There J Is at present an tin offer pending before time the board involving ol G worth of Provo special improvement warrants warrant Of or this amount th the board Is Ig offered I it 0 00 0 at nt a 5 j per cent dl ell ell- count Since the land board iOard has been making making mak male ing investments In In warrants and bond bonds the attention of or eastern people ha hs he been n drawn to the practice and a firmIn firm firmIn In the East offers tho the board hona 1960 worth of or Utah bonds at a better figure fig nS- ure tire than titan th the Iho board refused tim ago The board refused ed to accept ace th them m at 1 I 4 z Interest t. t and anti they w. w r r sold to sonic some on one el else e at a premium ow they are ar offered to the board hoard at par |