Show TO SELLS LIGHT ANO ai WATER HER BONDS money from sale will be avab available within two weeks Is expectation palmer bond mortgage company are chasers sale of seventy two thousand dollars worth of city municipal bonds proceeds from which is to be used for the construction of a new likht and power plant and the im pro provident vinent of the city water system was definitely definite lv made within the last few days to lo palmer bond mortgage co ui ol salt like city according to information given out on in friday last by mayor F C van buren these bonds were authorized by an election last fall to be used for constructing a new hydraulic ight and power plant to furnish light and power for carowan parowan city and Paia gonah and 7 to be used in repairing thi present city water syi system teni the bonds will probably be dated about july alst and are sold at par plus accrued interests interest from that date until the money is delivered they call for 5 2 i per cent interest and the contract under which they are sold is substantially the same as I 1 that entered into by the judge people who arced agreed to buy them before and then backed out of it ex capt that y were to have been optional bonda bond or payable in any amounts alln ts or at al any time after ten tell years at the option of the city instead of serial bonis bonds as provided in the present sale the question ort of the legality of the issue has been banished probably for all time by the opinion of wood and cial hauey ley of chicago one of the three trig big bond at attorney torny firms of the united states so it seems only a matter of cof time now until money will be ji to woi k on the new light plant this in ill spite of the predictions of some peo ale that they would never sell and th that at within a year we would be buying juice jt tice from the dixie power co details as to what are to be ba made in the water system or just what kind of new electric plant is to be installed are not available just now but undoubtedly will be within a shoil time it wilt will be recalled that the services of ross kelly kally and wright of bi biggham city have edve been engaged as the engineers for the light plant |