Show ORDINANCE NO AN ORDINANCE PROVIDING FOR TIIE THE ISSUE AND AM SALE OF waterworks WATER WORKS BONDS OS OF THE CITY OF ROOSEVELT DUCHESNE COUNTY STAE STATE OF UTAH FIXING THE FORM OF BOND AND PROVIDING FOR THE LEVY OF ANNUAL TAXES TO PAY THE SAME WHEREAS by the result of a special bond bona elect election ioni legally and lawfully awfully called and field in the city of t roosevelt duchesne county state of utah on Satur saturday dar the day of october A D 1829 1929 said city was authorized and empowered to issue and sell bonds ini in the amount of f for the purpose of defraying decaying the expense of f increasing improving mp roving enlarging and extend ing ng the present water system of the city of roosevelt duchesne county utah for awo purpose of supplying water to said city and to the inhabitants thereof which said water system nd works shall be owned and controlled by said municipality ci and WHEREAS it is deemed expedient and advisable and it is necessary at tha time to issue and sell 30 of said bonds so authorized for the purpose aforesaid afore sali NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OP OF ROOSEVELT DUCHESNE COUNTY STATE 0 OF UTAH section 1 that for the purpose of dear defraying a ainz the expense of increasing improving enlarging and extending the present water works system of the city of roosevelt Roose duchesne county utah for the purpose ot of supplying water ater to sald city and to the inhabitants thereof which said water system and shall be owned and controlled by said munt oi ci there shall be issued 30 waterworks water works bonds of the city of roosevelt duchesne county state of utah which sald bald bonds shall be in 8 of 1000 each numbered from 1 to 30 both inclusive dated november 15 1929 due and payable serially in numerical order 1000 on january 1st ast in each of the years 1940 to 1949 inclusive and aid 2000 on january in each of the years 1950 to 1959 inclusive bearing In interest teresi at the rate of six per turn aclo 6 per annum payable semiannually semi annually o 01 01 1 january and july in in each year and known know 1 as city ot of roosevelt waterworks Water works bonds series of 0 november 15 1929 11 said bonds and each of them shall be except as to number and date of payment in substantially the following form to wit UNITED STATES OF AMERICA STATE OF UTAH DUCHESNE COUNTY CITY OF ROOSEVELT WATER waterworks WORKS BOND SERIES OF NOVEMBER 15 1929 no THE CITY OF DUCHESNE COUNTY STATE OF UTAH hereby acknowledges itself to be indebted and tor for value received c hereby promise to pay to the b bearer barer hereof the sura sum of ONE THOUSAND DOLLARS 1 I in gold coin of the united states of america of the present standard weight and fineness on the flit alist A day of january A D 19 at the office of the central trust company in 11 salt lake city utah with interest there thereon at the rate of six Pereen per tura 6 per annum froni from date until paid payable semi annually on the first days of january and july la in each year at the zamo isamo places om presentation and surrender of the annexed coupons as they become due thia bond is one of a series of thirty 30 bonds ot of like date and amount numbered from one 1 to tic thirty 30 both inclusive and known as city ot of roosevelt water works bonds series of november 15 1929 amounting in the aggregate to thirty thousand dollars 30 and la is issued tor for the purpose ot of defraying the expense ot of increasing improving proving Ini enlarging and extending the water works system ot of the city of roosevelt duchesne Du chesno county for the purpose ot of supplying water to said city and to the inhabitants thereof which said water system and works shall be owned and controlled hy by sal sali malj I municipality issued under and pursuant to the provisions of the constitution and laws of the th state of utah and as authorized by the qualified electors of said city at a special electron election held tor for that purpose in said city the city council of said city shall annually levy a tax sufficient to pay the interest on oa this bond as it shall fall due ana also to constitute a sinking fund for the payment of the principal thereof as it falls due it is hereby certified recited ani and declared axed that all condition acts and things essential to bo the validity ot of t this nis bond exist have happened and have been done and that every requirement of law affecting th tho issue hereof has been duly complied with and that this bond is within every debt and other limit prescribed by the and laws of the said state and that he full faith aund and credit of said cf etty aty is hereby irrevocably pledged to the punctual payment ot of the principal ind and interest of this bond according to its terms 1 IN WITNESS WHEREOF the said city of roosevelt has haa caused this bond to be signed by ehte mayor and ar 1 l city treasurer and its corporate wal ceal to be thereunto hereunto affixed attested by its city recorder and the indexed inex ed coupons to bear the facsimile si signature nature of the city treasurer as aa of the fifteenth day ot of november A D 1929 C 1 I JOHNSON mayor leverne PETERSON treasurer ATTEST JOHN E SEAL city recorder to each of said saia nonas shall be attached a coupon tor for each install merit ot of interest contemplated by said bond which coupons shall be consecutively numbered beginning begin ming with number 1 with the several dates mcf c payment and number of bond and shall bear the facsimile signature of the city treasurer of said city said coupons shall be in substantially the following form forin to wit form of coupon no 1 no 1 on 0 a the first day of july A D 1930 the city of roosevelt duchesne county state of utah will pay to the bearer hereof th the sum of df thirty seven dollars and aind fifty cents la III gold coin of the united states of america of the present standard of weight and linen fineness aea at the office of the central trust company la a salt lake city utah being seven and one half months interest then them due on its it waterworks Water works band series of no novem ern ber 15 1923 bond no joac facsimile simile signature Big nature city treasurer F form orm of coupon no 2 and subsequent coupons no january oa the first day of july A D 19 the city of roosevelt duchesne bounty state stale of utah will P pay ay to the bearer hereof the sum bum of 0 thirty dollars in fib gold coin of the knitel states of america of the present standard of w weight eight and fin fineness linc eneas at the rellice ol of the central trust company in salt lake city utah being six months interest then due on its water vater works band series of november 15 1929 bond no facsimile signature city treasurer there shall be endorsed on each af said bonds the following 1 I hereby certify that the within bond Is within the lawful debt deb limit of the city of roosevelt and Is issued ac according carding to law JOHN E city recorder sail said bonds and each of them shall be signed by the mayor and city treasurer and attested by the city recorder and sealed with the seal of 6 aid city aind the said coupons shall bear the facsimile signature of the city tera surer the mayor and city treasurer of said city are each hereby empowered and directed to sign the city recorder Jer to sign and attest and affix the zeal seal of said city to each of said bonds and the acts of 0 said mayor city treasurer and city recorder in eo cd doing are re and shall be the act and deed I 1 bof of the city of roosevelt utah all the covenants otate meata itse reprise representations n tat ions and agreements agreement oom nn bained in said bonds and coup coupons and aind all recitals and represent representations actions of thia ordinance are hereby considered and understood and it la is hereby ordered and aind declared that said covenants and promises therein aie the covenants and an j promises of said city of roosevelt and that the i ep citations ions and statements therein are the representations and uta of said city section 2 to neet the interest falli i is due ion said bonds bornds on the first ly day of nt july A D 1930 shall be paid out of the general fund of city and io to reimburse said general for said installment of interest and to lo meet the interest falling due on january 1 1931 and july 1 1931 O ore shall be levied in the year 1930 on all taxable property in said daid city in addition to all other maxs a direct annual tax sufficient to produce the sum oi of tor for interest nt erest and to met meet the interest thereafter as the same accuses and also tor for the purpose of paying the principal of said bonds as the same falls due there shall be levied in each ct cf the years 1931 to 1958 inclusive clu sive on all taxable property in said city in in ad addition atlon to all other taxes a direct annual tax sufficient to produce sums as a ollowa fl lowa a INTEREST PRINCIPAL 1931 TOTAL 1 1932 1933 1934 1935 1936 1937 1938 1800 jo 19 79 0 2770 oo 1941 2710 00 da 2 t 1 1000 00 OO 00 11 1945 10 0 00 0 1 9 4 6 1 3 5 0 0 0 2 4 I 1 0 0 0 1 9 4 7 i 1 2 9 0 0 0 2 3 s 0 v 0 1948 2230 00 1950 1020 JO 00 1 00 1951 1952 1953 6 6 0 0 0 2780 00 2 2 1955 tim 2 i 1956 1957 1959 2000 00 2 said taxes when collected shall be applied solely for ther purpose of paying said ta li terest and principal of said bonds respectively and tor for no other purpose whatever until the in indebtedness debt edness so contracted under this orMi ance principal and interest shall have been fully paid satisfied and discharged but nothing herein cannain d shall be so sa construed as to prevent said city from applying any other funds that may be in the city tr treasury asu ry and available tor for that purpose to the payment of said interest and aind principal as the same respectively respective lF mature and the levy or levies herein provided tor for may thereupon to that be diminished diminish td and the sums bums herein for to meet the interest on aard bonds and to discharge the principal thereof when due are ti hereby by appropriated for that puri roe pose and said amount for each year shall I 1 also be included in the annual andua I 1 appropriation bills passed by the city council of said eald city la irl each year respectively section 3 AND WHEREAS by resolution duly passed vy by the th city council of said city said bonds were sold to snow goodart company of salt lake city utah it js is further ordained that said sale is hereby ratified and the mayor and city recorder are thereby phereby directed to deliver said bonds when they are issued to snow goodart compaine Compa iny upon receipt of the purchase price therefore section 4 AND IT IS FURTHER ORDAINED that all ordinances and resolutions or parts of ordinances and resolutions in conflict with the provi sims hereof be and the same are hereby re repealed paled an and I 1 after said bonds wre aire issued this ordinance shall be and remain until said bonds ani and the interest thereon shall have been fully paid satisfied and discharged as herein provided section 5 AND WHEREAS it is necessary for the immediate preservation of the peace health and safety of said city of roosevelt that the proceeds 3 of these bonds be available avail abla immediately for the pur 1 il pose faor set forth 1 il ij NOW THEREFORE IT IS FUR THER ORDAINED OnDA INED that an einer 11 gency is hereby declared and mail this ordinance ordin arce bo be in force and take ellece upon the fal day ef cf its pao 1 sage approval and publication I 1 v ecton C G NOW NOV THERE FOrtE B IT j IS ORDAINED that this ordinance shall be published 11 lii L on one 0 issue of the roosevelt roo evelt St aldard a 1 weekly newspaper printed ald ad pub dished every thursday in and ot of general circulative in said city of rosevelt Roc sevelt utah PASSED AND APPROVED BY THE CITY COUNCIL or OF THE CITY 0 OF F ROOSEVELT N ej 1 COUNTY STATE OF UTAH this day of december A D 1929 i C 1 I a mayor 1 ATTEST fi JOHN E SEAL city recorder SA 20 lf it |