| Show TO ad OLD SCHOOL C uund 6 old bonds of the several school districts amounting amoun to I 1 are to be refund refunded eT w with th new bonds through the see causey fostar uv company of D v the new now bonds all bear aper 5 per cent whereas the old ones bore some G 5 and some 6 per cent the sivina in actual cash in interest will great but many of the old bonds become due in a rw v months and there Is little money to pay thorn them neither the high school nor the lust last issue for the price school is included there ia is 13 the sinking fund and its 19 the new bonds will not become due for 10 years this amount will be released for immediate Ira mediAte school needs and a new sinking fund cn crated anted to take care of the now bonds at the proper tisie tinte toe bonding compi quy pays rays alt all expenses of the new issue e az ad d takes the responsibility of gathering gath erinc in tho the old bonds from their sederal hol holders dero the advantage advant aeo will be that bat the whole amount now outstanding will bo be and can be nore q biily handled the matter was handled through W 11 rilley for the company who met with the new school board this week |
