Show PL A C I 1 D ITS BONDS THUS ASSURING THE GREAT WATER SYSTEM I 1 A whereby owens river will be diverted and carried miles across a desert losi los angeles july II 11 after negotiating lasting a acel a new york syndicates offer for the remaining worth of bonds of the owens VII river water project issued by the c city ty of los angeles has been accepted by the city council cil and the last las financial obstacle to the completion of the cites plan for a new water su supply p ply was announced to it have ave been surmounted the terms of the contract were arranged on to the basis of a compromise the syndicate finally paying more than was at first offered the purchasers agreed to take 2040 of an issue bearing Inter interest rast at 4 1 I 12 1 2 per cont cent at 14 1 4 pull full payment for this issue I 1 is to bo be made by bv october 15 another issue of similar amount and upon similar terms is to be lit in february ary next net and payment completed by june jine the syn syndicate licate also takes op eions on the balance of the bonds |