Show SCHOOL BONDS TO BE RETIRED AT RAPID RA TE IE 1 r I That aU all the outstanding school sch school o bonds will be retired at maturity or before is evidenced in the financial l policy Y being P pursued ur sued by bythe the S 'S South uth te School Board If If the time policy polley is tenaciously adhered to all the school bonds will be retired by b- 1941 the date of bf maturity of or the thc thelast last issue that issue issue of Within the pr present sent fiscal year tho the board hoard will ret letiro retiro ro an as ot of bonds bonds Of this sum t 25 are aro Ephraim b bonds and be become become be- be come como due in 1928 1 are Sterling bonds and are aro due this year Ten th thousand dollars of this amount is now on hand h secured Ina In m ma a note and the balance will be he made up When these two items items are paid hail there will still remain GUll Gun Gunnison nison raison bonds due In 1929 Fayette ette bonds due duo in 1 1931 31 and district bonds due in 1941 Those to be retired this year ear and the Gunnison and F Fayette otte bonds are optional but the cannot be bo paid until maturity The Gunnison and Fayette bonds will be redeemed as fast as mone money is avail able ahle and in the time case caso of the a a. fund fUld is being created which will be bo reinvested reinvested until time of oC maturity of tho the bonds This policy of oC redeeming the bonds as as s fast as ns they become duo duo duoor duoor or before is a Q good one and if it is strictly followed the heavy heay burden of or interest will rapidly decrease and I finally finall be eliminated led |