Ogden Standard-Examiner | 1922-01-20 | Page 3 | Heavy Demand on Auto Registration

HEAVY DEMAND ON AUTO REGISTRATION SALT LAKE, Jan. L'o. Vocording to', compilations ntade by Walter A liiv I chief deputy to Mark Tuttlc state aud-i j itor. t here will e an annual demand i of $737,500, during the year of 192:.' , and ther eafter on the state motor v-I v-I hide registration fund to nice, inter-, est and sinking funds on the state road bonds issued in 1 r 1 7 and since. These bonds were authorized in! three lots: In lf17 the legislature passed i $2. 000 OOO bond issue, drawing draw-ing interest al 1 1-2 per cent, and two I years later an issue of $.1.000. 000 draw-! i ing Interest at a like rate. The sink-1 ( Ing fund of the first issue became im-j ; mediately payable by Installments of, i $100,000 a year for twenty years, so! that the total . i mount gdiargcd against ; the state for these 11,04)0,006 bonds is ! $100,000 The sinking fund on the $4.-1 ooo 000 issue is to be set up in sixteen i annual Installments beginning with I I next year, hc amount being f250,000 yearly, in addition to the $180,000 Interest, In-terest, The last legislature authorised an additional issue of $100 000 drawing draw-ing th highest rate of Interest called foi b: an: :" funded indebtedness, 3 1-2 per cent The sinking fund, bo-j ginning with 1925 is $62.o00 annually j for sixteen years, in addition to the in j teresr. of $55,000 a year. Thus the requirements are that the, motorists of the state pay, through ! their license fees, $425,000 this year, $676,000 In 192'' ,md 124, and m 1 I2B , and thereafter $7.37,500. La?t year, according to Charles Tlei-' I ner, deputy secretary of stat'.e, the to-1 ; tal amount raised hrough automobih . licenses was f441.S69.88, according tol 1 the records in the office of H. E. ; Crockett, secretary of state The Increased In-creased licenso fees authorized by the' 1921 legislature however, were In er-, feo. only a part of the year.