Salt Lake Herald-Republican | 1913-07-27 | Page 20 | Disposal of Bond Issue Problem for Idaho Officials

DISPOSAL Or OF BOND ISSUE PROBlEM fR FUR IDAHO OffiCIAlS Legislature Limits Sale to Par and 4 Per Cent I Interest No One Bids to Tb The Herald Republican Boise Dols II Ida Id- Jut Ju 1 Disposal al of or an Issue of or bont bonds for state roads rond Is a problem bothering state officials these days das The Time law providing for this Issue Ial makes es It I Impossible for them to tobo tobo tobo bo sold old at loss less than par of ot a a. higher rate of or Interest than tItan i 1 I per por cent The Thc bond market Is IR reported to bo ho very ven- bad had and no Ito buyer buer for tor these securities can be tie found Cound It I In Is Ii proposed ed that the state take up tho wih mone mooney money in iii the tue sinking or bond redemption fund rund Thore Thure I U is about In Iii this fund tun nt at present de deposited de posited in banks at 1 3 per cent Interest Th The proposal ro osal has haN boon been put up UI to At- At l General Peterson for an on opinIon opinion Ion on a as to le legality alty of oC this method of ot Ju juggling the time statOR states mone money The rho other plan Is that n a bonus of or some ome b bo be raised false from Crom communities com com- to be by sale of those hose thele bonds and amid consequent construction construe construe- tion lon of at roads and awl that this be paid to time tho ho purchasers I The state highway commissioners are ro expected to meet in this cl city this w week wook ek and some home lre definite decision on thIs his matter mater may be reached