Ogden Standard-Examiner | 1922-01-06 | Page 4 | Idaho Treasury Notes on Market

IDAHO TREASURY NOTES ON MARKET BOISE. Idaho. Jan. Today the; state of Idaho Is offoring for sale the' third Issue of treasury notes authorized author-ized bv the 1021 legislature, amount-' tng to S1.2G0.000, to run one ar. at an Interest rate not to exceed 7 per cent. Of this amount $1,000,000 is needed for general operating expenses for the state government, and the balance goes to the state highway fund. The notes will he redeemed as money comes In from the first installment install-ment of tajces for 1922. This has been paid Into the county treasuries and they In turn will remit the states share within a few months. This tax. money will be placed in a special fund irom which It will be drawn lo redeem tho notes. This Issue will make a total of $2.-600,000 $2.-600,000 outstanding for the general fund and $070,000 for the DjighWSS fund, as agalost $3 000.000 and S90.- Ouo authorized by the legislature. Sa -ings In Interest under the maximum authorized have, been made In previous prev-ious sales, and State Treasurer BsntS anticipates that an even mure advantageous ad-vantageous sale can be made at this time. Bolh general fund and highway fund notes issued last April and las' . July were sold at such a rate that thev. drew slightly less than 7 per cent.! though the first are authorized at 7 Vj sad the highway notes at 7 per cent, rhs expectation now Is to obtain u bid of approximately Ss per cent