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Show ' foregoing proceedings were in fad held as in said minutes specified. IN WITNESS WHEREOF, I hav t hereunto set my hand and affixed the corporate seal of said Town this 17th i day of October A. D. 1923. ' F. W. QUINN, Town . Clerk. (SEAL)- T.W?n,t.a sPecial election duly called Town tllat purpose 1,1 said The Board of Trustees of said Town shall annually levy a tax sufficient to pay the interest on this bond as it tails due and also constitute a sinking sink-ing fund for the payment of the principal prin-cipal when duev ( It is hereby certified, recited and declared that all conditions, acts and things essential to the validity of this bond exist, have happened and have been done and that every requirement require-ment ot law affecting the issue thent-of thent-of has been duly complied with and this bond is within every debt and other limit prescribed by the Constitution Consti-tution and Laws of said State of Utah. The full faith and credit and all taxable property .within the limits of said Town of Bingham" Canyon, as constituted at the time of the issuance issu-ance hereof, are and shall continue to be pledged to the punctual payment pf the principal and interest of this bond. IN WITNESS WHEREOF, the Town of Bingham Canyon has caused this bond to be signed by the President Presi-dent of the Board of Trustees, and Town Treasurer and its corporate seal to be hereto affixed, attested by its Town Clerk and the annexed coupons cou-pons to bear the fac-simile signature of the Town Treasurer, as of the first day of November, A. D 1923. DR. F. E. STRAUP. President of the Board of Trustees BOYD J. BARNARD, Town Treasurer ATTEST: F. W. QUINN, Town Clerk. (SEAL) To each of said bonds shall be attached at-tached a coupon for each installment of interest contemplated by said bond, which coupons shall be numbered consecutively, beginning with No. 1 with the several dates of payment and number of bond and shall bear the fac-simile signature of the Town Treasurer; said coupons and each of them (except as to dates of payment and number) shall be in substantially the following form to-wit: ( Form of Cnnnon In the year 1927, sufficient to produce pro-duce the sum of $3595.00, being interest in-terest $1'595.00 and principal $2,000,-00. $2,000,-00. In the year 1928, sufficient to produce pro-duce the sum of $3485.00, being interest in-terest $1485.00 and principal $2,000.00. In the year 1929, sufficient to produce pro-duce the sum of $3375.00, being interest inter-est $1375.00 and principal $2,000.00. In the year 1930, sufficient to produce pro-duce the sum of $3265.00, being interest inter-est $1265.00, and principal $2,000.00. In the year 1931, sufficient to produce pro-duce the sum of $3155.00, being interest inter-est $1155.00 and principal $2000.00. In the year 1932. sufficient to produce pro-duce the sum- of $3045AX), being" interest in-terest $1045.00 and principal $2,000.00. In the year 1933, sufficient to produce pro-duce the sum of $2935.00, .being interest inter-est $935.00 and principal $2000.00. In the year 1934,' sufficient to produce pro-duce the sum of $2825.00, being interest inter-est $825.00 and principal $2000.00. In the year 1935 sufficient to produce pro-duce the sum of $2715.00, being interest inter-est $715.00 and principal $2000.00. In the year 1936, sufficient to produce pro-duce the sum of $2605.00, being interest inter-est $605.00 and principal $2,000.00. In the year 1937, sufficient to produce pro-duce the sum of $2495.00, being interest inter-est $495.00 and principal $2000.00. In the year 1938, sufficient to produce pro-duce the sum of $2385.00, benig interest inter-est $385.00 and principal $2,000.00, In the yeor 1939, suficient to produce pro-duce the sum of $2275.00, being interest inter-est $275.00 and principal $2000.00. In the year 1940, sufficient to produce pro-duce the sum of $2165.00, being interest inter-est $165.00 and principal $2000.00,. In the year 1941, 'sufficient to produce pro-duce the sum of $2055.00, being interest inter-est $55.00 and principal $2000.00. , Said taxes when collected shall be applied solely for the purpose of the payment of said interest and principal princi-pal of said bonds, respectively ami for no other purpose whatever, until the indebtedness so created under this ordinance and resolution, principal and interest shall have been fully paid, satisfied and discharged. But nothing herein contained shall be so construed as to prevent said Town from applying any other funds that may be in the Town Treasury and vi Ordinance No. 70 ; "( . AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE ' OF THIRTY THOUSAND DOL-' DOL-' ' LARS ($30,000.00) WATERWORKS BOMDS OF THE TOWN OF . BJN'GHAM CANYON. UTAH. -, WH EIRE AS, by the result of a special election duly called and held irt the Town of Bingham Canyon, Salt Lake County, Utah, on Tuesday the 9th day of October, A. D. 1923, said Town was authorized and empowered em-powered to issue and sell $30,000.00 , Waterworks Bonds, and, - WHEREAS, the result of said elec-j tion was duly declared by the Board of Trustees of said Town, sitting: as a Board of Canvassers, by resolution duly passed on the 15th day of October, Octo-ber, A. D. 1923, from which it appears that the total number of votes cast at , said election in favor of the issuance and sale of said Waterworks bonds was 109 and the total number of 1 votes cast against the issuance and sale of said Waterworks Bonds was ' 6, showing a majority of 103 votes in "; favor of the issuance and sale of said Waterworks Bonds, and, WHEREAS, Palmer Bond & Mort-' Mort-' gage Company has offered to purchase pur-chase said bonds, paying therefor a price satisfactory to this Board of Trustees, with accrued interest from date of bonds to date of delivery thereof, which bid was the highest, best and most advantageous to the Town and which bid has by reso-i reso-i lution been duly accepted by said ' Board of Trustees, and, WHEREAS, there is immediate ' and pressing need of raising funds to the amount and purpose specified, -NOW THEREFORE BE IT ORDAINED, OR-DAINED, by the Board of Trustees j of the Town of Bingham Canyon, Salt Lake County, Utah: SECTION 1. That for the purpose pur-pose of raising funds to defray the expense of increasing, improving, enlarging, en-larging, perfecting and adding to the ' ; present water supply and water works system of said Town, for the purpose of more adequately supplying and dis-, dis-, i tributing water to the inhabitants thereof which said water system and : works shall be owned and controlled 1 by said municipality, in manner pro- i; vided for in an ordinance adopted and ' t passed by the Board of Trustees on ' ' 4 the 5th day of September, 1923, pro-. pro-. ' 5 viding for and ordering a special ele-tion ele-tion for the purpose of submittting to i the qualified electors of said Town s the question of incurring a bonded indebtedness to the said amount of $30,(XX).00, the Town of Bingham :):' Canyon, Utal, does issue $30,000.00 Waterworks Bonds of the denomina-4i denomina-4i tion of $1,000.00, numbered conclusi-t conclusi-t vely from 1 to 30 both inclusive, to - be denominated Bingham Canyon I Waterworks Bonds, Series of November Novem-ber 1st. 1923, to be dated the 1st day of November, A. D. 1923, and to be-, be-, j come due and payable serially as fol- lows: ? $2,000.00 on the first day of November, A. D. 1927 and $2,000.-p $2,000.-p i 00 on the first day of November y each and every year thereafter up i. '. . ... toand including, the 1st day of November A. D. 1941, without option of prior payment. i Said bonds and each of them shall : V be in substantially the following form: UNITED STATES OF AMERICA I STATE OF UTAH COUNTY OF SALT LAKE TOWN OF BINGHAM CANYON, UTAH, WATERWORKS BOND No. . , ' $1,000.00 KNOW ALL MEN BY THESE PRESENTS: :. THAT the Town of Bingham Can yon, Salt Lake County, Utah, berebv acknowledges itself to be indebted and for value received promises to ! pay to the "bearer hereof the sum of if One Thousand Dollars ($1,000) in i lawful money of the United States of America on the first day of November Novem-ber A. D. 19 . without option of prior payment, at the Guaranty Trust Company of New York, in the City of New York, U. S. A., with interest thereon from date until paid at the rate of five and one-half per cent (5i ) per annum, payable semi- annually an-nually in like money on the first days of May and November in each year, said interest to maturity being represented rep-resented by interest coupons hereto i ' atttached. ; This bond is one of a series of .. J thirty (30) bonds of like date and amount, numbered from 1 to 30 both i inclusive, known as "Town of Bing- ham Canyon Waterworks Bonds," . j amounting in the aggregate to $30,- 0O0.U) and is issued for the purpose i of defraying the expense of increas- ! inc imnrovinsr, enlarging, extending, !, perfecting and adding to th" present ' waterworks system of said Town and ? securing an additional writer snnn'v 1 for the purpose of supplying and dis- . f tributing water to the inhabitant i" thereof the same to b owned and ' controlled by said municipality and is isurd under and pursuant to the Con- MitMtion and Laws of the State of ; '7nh n'1 an ordinance n:ssd bv th' i Board of Trustees of said Town and ! authorized bv the electors of said No. . $27.50. On the first day of May and November Novem-ber A. D. 19- , the Town of Bingham Bing-ham Canyon, Utah will pay to bearer hereof the sum of Twenty-seven and 50-100 Dollars ($27.50) in lawful money of the United States of America, Ameri-ca, at the Guaranty Trust Company of New York in the City of New York, U. S. A., being six months interest in-terest then due on its Waterworks Bond, dated November 1st, 1923. Bond No. . (Fac-simile signature) Town Treasurer. There shall also be endorsed on each of said bonds the following: "1 hereby certify that this bond is within the lawful debt limit of the Town of Bingham Canyon, Utah, and is issued according to lilW F. W. QUINN, Town Clerk. Said t)onds and each of them shall be signed by the President of the Board of Trustees and Town Treasurer Treas-urer and attested by the Town Clerk and sealed with the seal of said Town and the said coupons shall bear the fac-simile signature of the Town Treasurer. The President of the Board of Trustees and Town Treasurer Treas-urer of said Town are each hereby empowered and directed to sign, the Town Clerk to sign and attest and affix af-fix the seal of the Town to each of said bonds and the acts of said President, Presi-dent, Town Treasurer and Town Clerk in so doing, are and shall be the act and deed of said Town of Bingham Canyon, Utah. All covenants, coven-ants, statements, representations and agreements, contained in said bonds and coupons and all recitals and representations rep-resentations of this ordinance are hereby considered and understood and it is hereby ordered that said covenants and promises therein arc the covenants and promises of said Town and that the representations and statements therein, are the representations rep-resentations and statements of said Town. available for the purpose, to the payment pay-ment of said interest and principal as the same respectively mature, and the levy or levies herein provided for may thereupon to that extent be diminished, diminish-ed, and the sums herein provided for to meet the interest on said bonds and to discharge the principal thereof, there-of, when due, are hereby appropriated appropriat-ed for that purpose and said amount for each year shall be included in the annual appropriation bills passed - by the Board of Trusteed ih" each "year respectively. SECTION 5. That sale of said $30,(XW.OO Waterworks Bonds, consisting con-sisting of bonds numbered from one (1) to thirty (30) both inclusive to Palmer Bond & Mortgage Company, a corporation of the State of Utah, and the action of the Board of Trustees in acceptnig its bids and all acts and proceedings pertaining thert to, are hereby considered and ail hereby ratified and confirmed and the Town Treasurer is hereby authorized, author-ized, instructed and directed . to deliver de-liver said bonds when properly executed exe-cuted to said Palmer Bond & Mortgage Mort-gage Company, upon receipt of the purchase price therefor. - SECTION 6. In the opinion of the Board of Trustees of said Town, it is necessary to the peace, health and safety of said Town that this ordinance become operative immediately, immedi-ately, so that the work' of improving and extending the presnet water sysj-tern sysj-tern may proceed without ilrlay. SECTION 7 NOW THEREFORE, THERE-FORE, be it further ordained that n emergency is hereby declared and that this ordinance shall take effect and be in force upon the day of its passage, approval and publication. PASSF.D by the Board of Trustees of the Town of Bingham Canyon, Utah, and approved this 17th day of October, 1923. DR. F. E. STRAUP. President. ATEST: F. W. QUINN. Town Clerk. And it is further stated and represented rep-resented that said Town of Bingham Cnayon, is a municipal corporation and a Town under the Constitution and Laws of the State of Utah. SECTION 3. All ordinances and resolutions, or parts of ordinances and resolutions in conflict with the provisions hereof, be and the same are hereby repealed, and after said bonds are issued, this ordinance shall lie and remain unrepeatable until said bond and the interest thereon shall have been fully paid, satisfied and discharged dis-charged as herein provided. SECTION 4. The interest falling due on said bonds on the first day of May, 1924, shall be paid out of the general fund of said Town and for the purpose of reimbursing said general gen-eral fund for the payment of said interest in-terest and to meet the interest accruing ac-cruing on said bonds on the first day of November, 1924, also the interest accruing on said bonds on the first day of May 1925, promptly and as the same becomes due, there shall be levied by the Board of Trustees of said Town, on all taxable property in said Town, in addition to all other taxes, a direct annual tax in the year 1924, sufficient to produce the sum of $2475.X), and to meet the interest accruing ac-cruing on said bonds thereafter promptly and to pay the principal as it falls due, there shall be levied by the Board of Trustees of said Town, on all taxable property in said Town, in addition to all other taxes, a direct annual tax as follows: In the year 1925 and 1926. sufficient suffi-cient to produce the sum of $1650,00 in each of said years. (SEAL) It was then moved by Trustee J. A. Wright and seconded by Trustee Dan Fitzgerald that said ordinance be read three successive times and placed upon its final passage. Said question upon being put to a vote was unanimously carried by the affirmative af-firmative vote of all Councilmen present, pres-ent, the vote being as follows: President Dr. F. E. Straup, "Aye"' Trustee Boyd J. Barnard. "Aye" Trustee R. H. Kenner, "Aye" Trustee Dan Fitzgerald, "Aye" Trustee J. A. Wright, "Aye" Thereupon said ordinance was read for three consecutive times Trustee R. II. Kenner then moved the adoption adop-tion and passage of said ordinance as read, which motion was seconded bv Trustee Boyd J. Barnard and upon being put to a vote was caried by the affirmative vote of all Trustees present, pres-ent, the vote being as follows: President Dr. F. E. Straup, "Aye." Trustee Boyd T. Barnard, "Aye" Trustee Dan Fitzgerald. "Aye" Trustee R. H. Kenner. "Ave" Trustee T. A. Wricht, "Ave" ADOPTED AND APPROVED this 17th day of October. 1923. DR. F. E. STRAUP, ' , j President of the Board of Trustes. ATTEST: F. W. QUINN, Town Clerk. .1 . i (SEAL) STATE OF UTAH V ' V . . )" i SALT LAKE COUNTY ) I, F. W, Quinn, the duly rhosen qualified and acting Town Clerk 01 the Town of Bingham Canyon.. Utah do Ijereby certify that the above am foregoing constitutes a full, true ant correct copy of the minutes' of a reg tilar, meeting of the Board of Trustee of said Town of which all mrnibci had due, legal and timely notice a remtired by law and hte rules nn ordinances of said Town, held at th regular meeting piste of said Hoard o Trustees on the 17th dav of Octohrt 1923, in so far as the same refer in n concern the issuance of 3f).(M0.O Waterworks Bonds of said Town the anie appear of record in my offic iii Book at paces , (l I...' that I personally St( ' tended at said meeting and that th |
