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Show PLANS FOR REFUNDING GIVEN UP IS REPORT Salt Lskc, Dec. 17 According to reports re-ports recolvod In Salt Lnko tho refunding re-funding commltteo of tho Idaho Oregon Ore-gon Light nnd Power company "which furnishes power ((id light to Bolso nnd the southern part of Idaho has , given up plans for refunding Its bond Issues nnd has notified depositors to wlthdraw'Uiolr securities for loans This ,',8 tho culmination of r( scries of financial difficulties experienced' by tho Idaho-Oregon company, which has been recently aired In Uio federal courts. Tho Idaho-Oregon Light and Power company was tho distributee and developing de-veloping company for tho Kissel-Ken-nlcutt and tho Hill interests In Idaho. The Idaho Railway and Light company and 'til o Southern Idaho Holdings company com-pany aro holding' corportalons for tho Idaho Oregon company nnd for tho Ida ho Traction company. Tho company Issued ?C,000;000 worth of bonds on property which bondholders alleged to bo worth only $4,000,000.. |
