Show NO 77 an ali Ordin providing for foi tile lg la 0 und of 0 11 elac trio light donds or of beaver city deaver county state of utah proscribing tile bond form and providing for tax levies lovaes to pay the battle WHEREAS ly by tile alio result of a apo caal bund belld election cloctt on duty duly culled called and lawfully hold in III aleaver city heaver county statu of t lit littile till on oil the lay or of october 1927 the said city was authorized and empowered to and sell electric light bonds in tile allio of and ad WHEREAS tho the rl ot of said mill olo olec cllon tion wa declared ly by the city council of ald city sitting ait HB as it hoard board of Canvas canvassers sors by resolution duty duly passed on tile lay day of october 1927 front from which it appears that tile total number of votes cast lit at said election on tile tho 1 0 and nalo of said bonds was 1910 ani that tile total of votes voted cast tit nt paid election against tile tho issuance and salo sale of said bonds was 11 showing a majority ot of votes in favor of oe tho the issuance und and salo sale ot of sald bandh bond albil WHEREAS tile tho said bald city council doonis dooms it expedient and advisable tit nt tills time to issue and sell nil all or of tile bonds so BO authorized and W WHEREAS I 1 I 1 I 1 I 1 A S the contral central trust company Comi inny of salt lako city atall a utah corporation lias has offered to purchase said bald bonds paying a price not loss lhnn their par value or anti and accrued interest Into roBt from date of bonds to late date ot of delivery which bid was waa best highest and moat advantageous to tile city and which bid has boon beell duty duly accepted fly by tile tho city council NOW 1 BH IT DAINI D liy by the city council ot of heaver city beaver county state of utah section 3 1 that for tile purpose of raising funds to defray tile alio BO be of building nil an olec triv light plant and for improving and extending tile present distributing system in and for heaver deaver city utah for the purpose or supplying such city and tile thereof with artificial light tile the sald electric light plant system and works to ile bo owned and controlled liy by said city the alio hald city dopa does hereby Iio roly issue H electric light bonds boing tile total authorized tit nt tho the special bond oil election hold in ill said city on oil monday the lay day of october 1027 1927 said bonds shall ile bo issued in denominations of 1000 vach shall ile bo dated november 1 1927 shall bo be numbered consecutively from I 1 to 35 inclusive bearing interest hil prest at tile tho rate of four and ono quarter per 1 A per cent por per annum annual payable annually on the first lays days of january and july in each year lite duo serially in numerical order na as follows on january lit in eccli of the years 1929 to 1931 both inclusive clu sive on oil january alst 1st in ench each of tho the years 1933 1911 to 1911 1914 both in clu ilvo on oil january lat in each of tile years 1945 r to 1946 G both inclusive clu sive said bonda bandh and ench each of thorn them shall bo 10 except aa as to consecutive numbers and late ot of maturity in substantially 1 tile following form to wit UNITED 11 OF AMERICA OP OF UTAH COUNTY OF HEAVER DI CITY ELECTRIC LIMIT HOND BOND OP OF NOVEMBER 1 1927 no i deaver city denver deaver county count state of utah hereby acknowledges itself to bo be indebted anti and for value received hereby promises to pay to the bearer hereof tho suin slim of onn ONE THOUSAND DOLLARS in rold gold coin of tile united states of america of the present standard of we feht and fineness on tile first lay day of january A 1 D 19 without option of prior payment at the office of tile tho central trust company in ill salt lake city utah with interest thereon from into dato until paid at th alio 0 rate of pour four and ono one quarter per 4 per cent per ni annum payable call deml annually tit in like money on oil tho first days of january alli july in ill each year said interest inte iest to maturity being represented by interest coupons attached hereto lio roto this tah bond bell is ono of a series adries of thirty five 36 bonds of like late date and amount from ono one 1 to thirty five 35 both inclusive and in known ns as heaver beaver city electric light bonds series of november 1 1927 amounting in ill tile the aggregate arki erato to and is issued site for the purpose so of raising funds to defray the expense of building art an electric light pl plant int anti for improving and extending tile present electric distributing system in and for heaver beaver city utah for tile purpose of supplying such city and tho the inhabitants thereof with artificial light the said eler electric light plant system and works to be ba owned and controlled by said city anti and is issued under and kursu ent to the provisions or of section 1 nud and compiled laws of utah 1917 and all acts amendatory thereof or supplemental thereto and as authorized by tile tho qualified 01 electors hect 0 rs of said baid city at a special election hold held for that purpose in said city on tho the alth lay day of october odoner A D 1927 the city coonc shall annually levy a tax sufficient to pay tile tho inter ost on oil tills bond its as it falls duo due and also for tile tho payi payment nent of the principal at maturity it Is in hereby recited and declared fill all conditions nets acl and things essential to tile tho vali validity tilty of thip iolla exist have happened and havo have loon been dono done and that every require finont of law affecting tho lite ismus hero of has lioon been duly compiled with and that hint tills end bond is 18 within every debt and other limit proscribed prescribed by the constitution and laws of said kald state tile alio full falth faith and credit and all taxable property within tile limits of sald heaver deaver city its as constituted at tile mile of the issuance hereof are arc and shall continue to bo be pledged for the punctual payment of tho the principal nil and interest of tills this bond oil IN WITNESS ss beaver city has hah caused this lond bond to bo be signed ly by its mayor anti and city cit treasurer and ith corporate sent to be affixed horito attested ly by Us its city recorder Ilc cordor and tile annexed coti pona pons to 0 o beat tile signature of the city treasurer as of tile tho first drat lay day of november bor A 1 I 19 1927 2 7 it II 0 MURDOCK mayor ADA 3 ily by HATTIN ASHWORTH deputy city treasurer arab ST 6 woolsey wooL wooi siY city recorder interest intel est on oil said bonds shall bo be duo due and payable on oil january ISE and july jub lit in anch year yai to each of said haiti bonds bonda shall bo be attached it a coupon for foi cacti installment of interest conjoin plated by bald bonds which coupons shall bo 10 consecutively numbered beginning with no 1 coupon no 1 shall cover tile gorlod front november 1 1927 to january 1 1928 and shall call for foi the payment of interest lit in the amount or of coupon no 2 anti and thereafter shall cover six alx months periods and call tor for tho the payment of 2125 sald said coupons shall bear the facsimile signature of tho the city treasurer and shall bo be in ill sub tile following form to wit no 2 11 2125 21 25 on oil tile tho first at day of banut ary july I 1 A 1 D 19 deavor city ile heaver aver county state of utah will pay to tho the bearer hereof tit at the office of the contral central trust company in salt lake city utah tile tho sum aum ot of twenty ono and dollars 2125 2126 in gold coin of tile united states of america of the present standard of weight and fineness being sk six months interest tile alion lite duo on its electric light hond series of november Nov omler 1 1927 signature city treasurer nond bond no there shall tie bo ond orBed on oil each cadi of said bald bonds alio following 1 11 I 1 hereby certify that till this bond Is within tile lawful debt limit of cleav ol ei city vh otili it nail and Is issued according to law city recorder Ue corder said bonds bonda and each of thom thern shall ile bo signed by tile the mamoi and city treasurer and attested fly bv tho city alt recorder and sealed with tile eal of said city nil and tile said scald coupons shall bear tile fac almiro signature or of the city treasurer tile kaoi and rit treasurer of said city tire aro each hereby empowered and directed to sign the city Ill Ilbe cordor order to sign and attest and affix tile seat heal of tile alio city to each of sald said bonds all and tho elio aits acts of said aid mayor maor city treasurer anti and city llo ho corder in III so doing are aio and shall bo be the net act and teed deed of heaver beaver city utah all tile tho covenants statements representations ropi and agreements contained lit in sat said bonds tind and coupons anti and all recitals and representations of till tills ordinance tire hereby considered and understood and it la Is hereby or 01 adored and declared that said covenants and promises therein are aio the covenants and promises of aleaver city and that the representations anti and statements therein tire aio tho the representations and statements of said city section 2 tile tho interest inte iest falling duo 1110 on oil said bonds on oil the first day da of january uary and tile first lay day of july shall bo be paid out mit of tho the general fund of sald said city and to lein relli burso paid general fund for foi said installments of interest all and to meet the interest into iest fall ing duo on oil january 1 1029 1929 mid and july 1 inrid and to constitute a slaking sinking fund for the purpose pin pose of paying pa ing tile the principal pil of said bonds at maturity thoro shall he 10 levied lit in 1928 direct annual tax ta on oil nil all taxable property pio perty in sald city cit in fit addition to nil all other taxes sufficient to produce tho the sum suin of bibs 15 being 2158 ir tor for interest and 1000 00 tor for principal and thereafter to meet tho the interest inte iest on said bonds as the sanio same falls lite and to constitute a sinking fund for foi tile purpose pui pose of paying pacing the principal of said hald bonds at maturity there shall ile bo levied on all taxable property in said city lit in addition to all other takes a direct annual tax sufficient to produce ani amounts as follows principal interest TOTAL 1929 1000 00 1423 75 2123 75 1930 1000 00 2381 75 1931 13 1317 17 5 50 0 50 1932 9 50 2 5 0 1933 1934 1062 50 50 1935 2000 00 50 2977 50 2000 00 2892 50 1937 2000 00 2807 50 50 2722 50 1939 2000 00 50 2037 50 1940 2000 00 50 2553 50 1941 2000 00 4 50 2467 50 1912 1942 2382 ro 19 1913 1911 11 19 1914 14 1 1 fa 1 2 5 1945 1946 oga 75 said taxes texes when hen collected shall ile bo applied solely lor for the purpose of the pani paYi nent of said interest and principal of said bonds respectively and for no other purpose whatever liate ei until the I 1 indebtedness title bled ness so contracted under tills this ordinance principal and interest shall have been fully paid satisfied and discharged but bilut nothing heroin herein shall lc ile so construed as to prevent sald said ally cli from applying any other funds that may mav be in the city cio treasury and for that purpose to tho abo payment of sald said interest and principal as tho the samo same respectively matures and tile the levy lei or levies herein provided for may thereupon to that extent bo be diminished anti and abo aunis herein provided for to mort tile interest on oil paid fald bonds and to discharge tho principal thereof when title duo are aio hereby appropriated for that purpose and said amount for eacle year diall bo be included lit in tile the annual NOTICE TO CREDITORS bills passed by tho the city council lit in each year respectively lit in tile the district court of the fifth section 3 tile tho salo sale ot 0 said judicial district of tho the state of utah electric light donds bonds consisting lit in all and for tile county of heaver deaver of bonds numbered from I 1 to 30 35 probate division wait both inclusive to the tha central trust in tile the matter of tho the estate ot of company it utah corporation and MAY 14 LOVEJOY AND 1 tho lite action of tile tha city council in accepting MAUD SMITH its bid and all acts acta and proceedings iloth hoth deceased coo ce pertaining thereto are hereby creditors will present claims with considered anti and are hereby ratified vouchers to the undersigned undersigner under signed administrator for the and conf confirmed irined and tho the city of tho the abobo estate lit ill ills his or aurer is s hereby authorized instructed residence in fit heaver beaver heaver beaver county and directed adli acted to deliver hald londa bonds utah on or before the lay day of when property properly executed to said central january 1928 trust Coin company pany upon receipt of dated this lot lay day of november M 6 tho the purchase linse so price 1927 er with interest thereon at SMITH N W tile rate of 0 4 vt 11 per cent per annum administrator of tile tho estate of E from the late of said bonds to the may 8 S lovejoy and maude date of delivery of sald bald bonds to tile smith both deceased sat bald central trust company william wiiiiam F knox section 4 1 ANT AND IT IS FURTHER heaver deaver heaver deaver county utah ORDAINED that till all ordinances anti and attorney tor for administrator M M resolutions or parts parta of ordinances first publication nov 4 1927 and 1 I resolutions it in conflict with tile tho rast last publication nov 25 1927 provis provisions lonH hereof ile be and tile same sallie tire arc hereby repeated and after said NOTICE 1 TO TO contractors CONTRACT OIS bonds tire arc issued tills this ordinance shall ile 10 and remain irrepealably until on or before the ath day of november bald bonds and the interest thereon 1927 at 8 00 11 al tit at the SPEED shall havo have been fully paid city liall hall of heaver deaver city beaver tied led and discharged as herein provided county utah the city council of heaver deaver city will receive sealed proposals 1 section ri 5 AND WHEREAS it la Is for furnishing materials and necessary for thu the immediate preservation labor for the construction of an addition of if tile peace ce health and safety to their present power plant LOW COST of said heaver beaver city that tho the pro building c feeds eeds ol 01 these bonds be available plans and specifications may ile bo immediately for tile purpose heroin soon seen tit at tile office of the city recorder sot set forth heaver deaver city utah or at tile tho office NOW THEREFORE IT IS FURTHER of CALDWELL RICHARDS ORDAIN 1311 that an H engineers ligi templeton Tom beautiful low smart lines oncy ency Is hereby declared and that salt lake city utah information this ordinance shall bo be tit in force and will be furnished tho the prospective pickup pick lightning effect upon tile the lay day of its passage bidders at either of the above mentioned up approval appi oval and publication offices the bids will be opened passed by tile the city council of in public and the award will bo be comfort denver city reaver beaver Co county tinty state made to the lowest responsible bidder of atall tills lay day of october A 1 D 1927 heaver beaver city res orvea the right to R RC C MURDOCK reject any or all bids ATTE ATTEST ST mayor A deposit of will be required those of the EDITH C WOOLSEY of each person or concern obtaining are some SH SEAL IAL city recorder plans and specifications which approved tills this day of october deposit will bo be returned to features of the A D 1927 bidders on tho the return of the plans new 11 C MURDOCK and specifications in good condition ATTEST I 1 mayor before the date of tile the opening of the you 11 ll know I 1 EDITH C WOOLSEY w bids or with a regular bid W ford car ST SEAL 1 all city recorder hy by order of the city council S SALE hy by HEAVER DEAVER 11 K BOYTER CITY it s a truly modern |