The Barre daily times. (Barre, Vt.) 1897-1959, 1920-10-20
Ahead of Maturity Dates
and Saves $3.50 on the
Transaction
HOLDERS WILLING
TO TAdS DISCOUNT
City G. IS $ ,ffer of Loan Of
$50 . For a Year at I
s. 6 Per Cent

MUS occupied the greater part of tht|
Barre city council in session last
night, with Acting Mayor H. William
Scott presiding.
in reporting the results of his ne
gotiations to secure loan, City CLERK
Mackay stated that he had received ar1
offer to loan the city 100000 ON a one
year note at the rate of six per cent
which, under the conditions, seemed
to be as favorable as the city could
expect at this time Therefore, the|
city clerk was instructed to accept tha(
offer.
Another report submitted by Clerk
Mackay was on the conclusion of al
financial transaction yesterday byj
which, through buying up some ofNits|
water bonds before their maturity, theI
city saves $500 inasmuch as the city
paid for them at the rate of 96iA. oa|
the par value of 100 the holders oil
the bonds being willing to take The
! discount.
The amount of bonds thus redeemed
prior to their maturity and at tlie|
rate below par was $4,000 The bonds
were part of an old issue bearing 4 perl
cent interest, and they were carried
on the city's books as falling duo in|
! June, 1919. The money to meet these|
bonds, together with $1,000 others Of
/ the same issue, was accumulated and|
| deposited to meet the bonds when pre-
sented for payment, the suppositiop
being that they were all due in June,
1919. With the money deposited, the
| bonds were retired to the amount OF
l afS1 yhav h. e
particular issue were not presented for
payment and inspection of the old rec
ords was made more minutely, with
| the result that it was found that the
bonds were serial, payable so much
| each year.
| BY getting into touch with holders
of these outstanding serial bonds, ne
| gotiations were started which eventu-
| ated in the offer of the city to buy UP
$4,000 of the bonds at 96h, which
offer was accepted yesterday. Those
bonds are, therefore, no longer an obli-
| cation against the city, and interest
on them, of course, was thereby cut
| off.
| Tuberculin Test.
In the matter of the tubercllin test
by Alderman Lorangcr that the city
should make arrangements for the as--
scmbling of the cattle for the test and
that the work be done expeditious,y.
the place and the time being given
wide publicity so that cattle owners
would make plans ia have their ami
mails at the appointed place at the APP
pointed time. Under the aldcrman's
plan the owners would pay the sinai; |
charges necessary TO maintain tho pub
lie place and to provide feed for the
animals during tue period. The idea
met with the approval of the council.
and it was voted that the health com.
mittee make the necessary arrange
ments.
In connection with the tubercul;n
test, Clerk Mackay suggested that it
would be advisable TO have a specific
certificate for each COW tested so that
when the owners apply TO the city
clerks office for licenses they should
present these certificates as proof
their cattle had been tested. At the
present timc the state furnishes
certifcste made out without giving
the name oj the owner or description
Of tic cattle, although a clip IS placed
in the cows ear. Some Of thc alder
men thought il would be 2 good ides
20 asi the state commissioner Of agr.-
culture 10 issur specific certificates -
avoid confusion and possible frali.
However, mo action was taken
Building Applications.
Two applications for ~moyies Tie
atfs building permits were preserteG
ono bv the Inter State Amusement Co
for the Arcade building at The corner
of Main and Pearl streets, which is a.
ready undergoing changes with that
cnd ir view, ard the other by the
Black Theatres. Inc, for the Park
theatre at the corner OF Main and
Merchant streets, which was Quilted
bv FIRE on March and which already
has been rehulf as 70 exterior con
struction. II is planned 20 rush tha
work Of completing these two build
ings a. soon sS the permits AZ"
granted
building Inspector Raad, In making
bis report on the applications. recou-
rlended tAat the committee o; tho
whole aud the fire chief make . 2eT-
ebNdt t1siiet1ihH bftNit It-hu%Sr -
granted and that the city Tnserve 20
itself the rirfs 20 order changes -u--
ing course o: construction as a mess-
lre OF safety 20 thc public. The plans
4 the thcs;rrs w''re Considered b. tha
Inspector tc BE- s6tig factory except
h thc Ere exits IN tn rn,sTStats
Co.'S :heat-c.
Otter SuiidinE permits gsantsf
werot A. G. Nelson for q dvsi.laz
house. "a By - ieos. at p Hill streets
Mrs. Agaes wslks- for a. addition tn
harm on Graut s-enrei Harry Il
Holt fo- n garare q lis East stres@
iis report for Aurrs- .o.6 OF IS m'nar
,errits rran.ss. fnr repcrs Was sc-'
'epted.
u. ihc hrs so-nu :tteeis 7ecomnentA-
.iou. =. A. Field vas given neTrissicn
o install o tauk md set % a pump
W wsshirgtSa st-ee.. rhc sSrere
ou.r.i.tec passed ga approval ~ q
sde~Glk ioe a9ns ~ o. A. oree--
y. ar c =. Cinraea n. IRE Nestsriv
sue g STORY UiH" rHll s.rrs.i.
nd warrant - pay them $50 49,
'ra~n.
otbsr hish ordered Paid usre: STREET
syrcii. ss2l .i7. enEinsering Fsy, sss-
3: Watf7 pay. SIS =. frs ray. slas
Sc uaIicr psv. S10n5. C. =. Bot