OCR Text |
Show SCHOOL BONDS-GO 10 I LOCAL BANK Ogden City's school bonds to the amount of 520U.000 recently approved by the voters will be sold through the Utah National bank of Ogden and the Palmer Bond &. Mortgage company of Salt Lake, the highest bidders for the issue. The bonds will bear 1 1-2 per cent interest and sold for $189,026. In addition, the bank and bond company com-pany will pay for the lithographing of the bonds at a cost of approximately $300. Three Denver companies and the Preferred Investment company of Ogden also submitted bids to the school board Friday evening, the lowest low-est offer being $1S4,000. The bonds will be ready for delivery deliv-ery in about three weeks. oo |