Show I 1 board of education i retires bonds t on november first the school district paid oft off a yearly installment of as a payment or of bonds and interest coming due of this amount represented a payment on the principal and anc the balance was accrued inte interest rest on june first next the board will retire of the old gymnasium bonds issued in 1924 and mining due on that date approximately of this amount will be paid from accumulated sinking funds and the balance will consist of a refunding issue at a much reduced rate of interest according to the present financing plans of the board J P TIPPETTS clerk |