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Difficulty in sale of bonds delays San Antonio issue
San Antonio voters approved a 3 450 000 bond issue but actual work hinges on selling the bonds. East money markets and a cotton crop boom threaten bids while local buyers seek one large bidder. Two possible solutions include a single investor bid or local buyers taking portions. City Council prepares nine ordinances Monday to authorize sale and levy about 7 1/2 percent interest and sinking fund charges.
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San Antonio
Brown
New York City
United States
San Francisco
Minneapolis
Texas
George R. Gillette
Cty