Show school board applies for building loan will WU submit austion aue Que tion of bond isue to taxpayers loan of will be necessary at a meeting ot of the iron county school board on saturday last st definite decision was reached to apply for funds tor for the construction of a new tion on and grade school building tor cedar city the firm of scott and welch was employed as architects to draft plans aal an and tentative was reached with bonding companies to 10 get the money A building estimated to co cost is under consideration and an application will be made to the government for a grant of 45 per cent of the amount while the tha balance will be borrowed on bonds it taxpayers authorize it the board was assured by representatives senta tives of tour four bonding companies who were present that it could get eel the necessary funds tor for the building on tax anticipation notes without a bond election but the board took the position that it would rather submit the question to hi taxpayers for their approval or rejection the bonding companies represented at the meeting edward T L burton co J A first security trust co and snow goil god dard co agreed to huy buy the bonds at 3 per cent tor for the early in ones and 34 3 4 pee pe cent tor for the louger longer ones which Is s a lower rate ct c interest than a loan bould carry they alreed ceeil re eil to hindle handle the bond election proceedings for nothing and nd neither their services nor inor he architects is to cot cost the district anything tile the bund e carries and tha iha government grant can be procured proc the board at its saturday meeting also approved mary AI iry co cox and ruth clark as instructors in the cedar schools and jones As s janitor at the same place |