| Show This play will be presented in Delta Thursday Night Hinckley Friday Night and in Deseret Saturday Night J conditions require that the necessary funds be available at once which el eliminates eliminates eliminates el- el an any system of financing on ona a you pay-as-you-go basis If the necessary necessary sary funds are aro on hand bids may be called for with th the certainty that bigger and more competent contractors contract contract- ors will compete There will be a greater number of bids than otherwise otherwise otherwise other other- wise and as a result of the competition tion and the size sizo of the job bids bids will be lower Materials will be purchased at lower unit cost when quantities are ordered at once and andin and andIn andin in this way great savings are often orten effected Special freight rates arc are often given where the the business Is large and ami in any event carload rates are always lower than those for smaller maller shipments Suitable machInery machinery machinery mach mach- ma may be brought onto the work an as a result operations are and a more uniform and satisfactory satisfactory sat sat- job ma may be done lone Proper engineering and other supervising may be and the cost of oC this and all other overhead costs are less than where the work is continued over over over ov ov- ov- ov er a long period of time or done at intervals us as as funds are available by On the contrary they feel that the drainage will convert a doubtful security security security se se- se- se into a gilt-edged gilt one A drainage bond Is more satisfactory satisfactory satisfactory tory than a mortgage for raising funds to accomplish drainage In Inthe Inthe Inthe the first place a piece of ot land can be mortgaged for only part of or its present present present pres pres- ent value which in the case of or lands needing drainage is very low Often Often Often Of Of- ten the amount of money that can be raised on a mortgage will be insufficient In- In sufficient to pay for the drainage A bond on the other hand may be issued for more than the present value value value val val- ue of the land since the measure of the security is not the value of the theland theland theland land in its present condition but the amount of benefit that the land will receive due to the drainage The interest rate on a mort mortgage age is subject to change but in the case of a drainage bond the Interest rate Is fixed Mortgages are subject to foreclosure if It the mortgagee fears for tor his security but the worst that can happen in the case of bonded land will be bo a tax sale with the of redemption Mortgages Mortgages Mortgages Mort Mort- gages must usually be paid off in |
