Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-12-23
SALE OF CHURCH BONDS
GOOD INVESTMENTS fos HOME PEOPLE.
tionas Run for - Period of Eleven Years
aud hear Interest at the Rate
Of sis Fer Cent.

In consequence Of the financial condl-
tlon OF the church ~ Jesus Christ OF
Loo Saints. occasloned BY the
tedious and expensive litigation over the
Church properly. she difficulties which
had 60 be coniendcd with during she
proirac,ed prosecutions under the laws
of Congress and the peculiar cons,ruc-
lions Of tho courts In thclr enforcement
and other circumstances Of an adverse
nature. which f1r several years sur
rounded the church. Il has been COM
PEELED 10 borrow money from time TO
time, thus creating debt which :. In
desirable as soon 40 possible 20 liqui-
date.
Money at a reasonable ra.e Of inter-
est has been offered 60 the Church from
outside sources. but " was deemed beS-
Ger that an opportunity should be- given
TO our own people 10 advance means for
this purpose. This matter has been In
contemplation for some time and has
been carefully considered. with view
TO the interes, Of the Church and the
benefit of individuals.
The Presiding Authorities have
therefore determined 10 issue bonds.
running for n period Of eleven years
and bearing interest at per cent per
annum-fiftcen hundred 20 BE- Of che
Denomination OF one hundred dollars
each. numbered conssottlvcly from one
70 fic;ccn hundred: two hundred OF the
denomination OF i've hundred dollars
each. numbered consccutivsly from one
60 two hundred. and two hundred and
ATTY Of the denomination of one thou
sand dollars each. numbered consecu-
lively from one 20 two hundred and
MY. ',hc whole issue aggrcga,ing ave
hundred thousand dollars. all bearing
da;s 81 December ~. 1895.
The security FOR ,hc payment OF those
bonds and abe ln,crcs, thereon. will DO
The pledge ~ the Trus,ec.in-Trus for
and In behalf Of the Church ~ Jesus
Christ Of Latter-day Saints. made 90
each Of the holders % such bonds and
also 10 Lewis =. HIS and David &c.
cics. who arc constituted truricoa 80
act for the said bondhoidors. that
enough money 60 pay the interest on
the bonds ON the frui days OF July and
January In ouch year after the
tirst day Of January. 1899. shall be de-
posted at the Dessert National Bank.
and that at least nifty thousand dollars
from the Income OF che said
church shall be deposited with che said
trustees each year after the your 1900.
So provide for the purchase ofa portion
" She BONDS or 10 criute fund n0r
thler redemption. Thus arrangcrhcnt
win be snectcd by wcIich the cis.lrc
amouDs To pay for the principal and In
tcrcs; on the bonds viii eIavc been de-
porHci In she term of eleven years
The bonds. however. win be subject 20
redemption In i've years from she date
thereof
The Church has an Income which will
SECURE, undoubtedly. she payment Of oil
gs liabilities. including the ib;erca, on
uhesc bonds and the principal Accord
Ing TO their face. and ~ assets at TIRE
present time are fully equal In value b
it, indebtedness. apar, from Ns assured
income. Tho Church has always been
u H"AhfAAaf htAA Wv iA'ANNH"AAN ~ NNtANNHNH
funds has been caused by tho pressure
Of circumstances which were forced up
ON Il.
The bonds. which viii be- offered ON
the mrs, OF January. 1909. may be pur-
chased by any persons WIN desire TO
invss, In them. They should be- taken
by residents ot Utah. The Iau,er.day
Saints who can purchase one or moro
Of these bonds will ma them safe and
profitable lnvcstmcui. Their issuance
win enable the Trus;ec-in- Trust 10 ae,-
,ie liabilities carrying heavy rate OF
Interest. ana this viii make a consider
able saving 10 the Church. The interest
ana principal viii be paid in gold coin
and she Church, through Its Trustee-in-
Trust, VII be full security for ,helr re-
dcmptl1n.
Application for she bonds should b,
made 10
LORENZO SNOW.
Trhlee-ln-T Trust.