The annual interest charge on account of…
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chunk 2796 · paragraph 0
The annual interest charge on account of
outstanding bonds of Grant County is $13,-
650,00, and of the entire issue outstanding, only
$18,500.00 can be called in before July 1st,
1899, but a number of these bonds, as shown
by the above statement, not yet have been pre-
sented for payment and there appears to have
been no fund set apart for their redemption,
although refunding bonds were sold last year
for the purpose of taking up the outstanding
courthouse bonds, and funding bonds of 1882.
The money appears to have been put into a
special “cash fund” for the redemption of these
bonds. If they should be presented now, there
does not appear to be enough money in the
special cash fund to take them up.