Show Legal Notices ORDINANCE NO 63 16 AN ORDINANCE providing for the issuance and confirming confirming confirming con con- firming the sale of General Obligation Park Improvement Improvement Im Tm- provement Bonds and General i ion o n Swimming Pool Bonds of or orthe the City of oC Bountiful Davis County Utah WHEREAS Pursuant to an ordinance dul duly adopted on September 18 1963 by the City Council of or the City of oC Bountiful Davis Count County State of Utah a special election ejection was held in the City of or Bountiful on November 5 1963 1063 for the purpose of submitting to such qualified Jed electors of said Cit City as had paid a property tax therein In the year next preceding preceding preceding pre pre- ceding such election ejection the following following following fol fol- fol- fol lowing propositions PROPOSITION NUMBER 1 Shall negotiable general obligation coupon bonds of the Cit City of Bountiful Davis DayIs Dav Day is County State of Utah in the sum of bearing interest at a rate or rates not to exceed four per cent 4 per cent per and due and payable payable payable pay pay- able in not to exceed twenty t ty 20 years ears from Irom date of said bonds be issued and md sold for the purpose of or defraying de fraying the cost of oC acquiring ing log land and constructing thereon public park improvements improvements improvements im im- im- im including improvements improvements improvements im im- im- im to pre pro s sent e n t parks or sites for lor parks now owned by the City together together to to- gether Jether with the necessary buildings equipment and appurtenances in and for said City PROPOSITION NUMBER 2 Shall Shan negotiable general obligation coupon bonds of the City of Bountiful Count County Coun Coun- t ty 13 p of or Davis State of oC Utah in the sum of bearing interest at a rate or rates not to exceed four per cent 4 per cent per annum and due and payable payable pay pay- able in not to exceed twenty twenty ty 20 years from date of said bonds be issued and sold for the purpose of defraying defraying de do- fraying the Ule cost of or constructing constructing con con- a public swimming swimming swim swim- ming ining pool with authority to acquire a site r if necessary together with the necessary buildings equipment and appurtenances appurtenances appurtenances nances in and for said Cit City 1 and WHEREAS the results of said election were declared by the City Council of said City sitting silting as a Board of Canvassers Canvas Camas sers by resolution duly passed on November 12 1963 from which it app appears rs that the propositions on the i is issuance s s sua U a n c e c of oC General Obligation Park Improvement Improvement Im Im- provement Bonds carried by a vote ote of 2725 in favor and 1256 against and on the issuance of General Obligation Obliga tion lion Swimming Pool Bonds carried aIT ed by a vote ote of oC 25 2577 7 in favor and 1389 against the is issuance issuance is is- of said bonds and WHEREAS offers for the purchase of said bonds were vere received b by the Cit City Council prior to said election and subsequently sub on November 20 1963 it was determined that the joint offer of The Continental Conti Bank and Trust Company Company Company Com Com- pany Lincoln Ure Co and Edward L. L Burton Company Compan which was accepted prior thereto should be and the thc same same was confirmed and ratified ratified ratified rat rat- as of November 20 1963 NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF BOUNTIFUL FUL UTAH Section 1 That for the pur pur- nose ose of defraying the Ule cost of acquiring land and constructIng construct- construct in big Ing thereon public park improvements improvements improvements im im- im- im including i m m- to present parks or sites for parks now owned by bp the City of oC Bountiful together to to- gether ether with the necessary buildings equipment and appurtenances appurtenances appurtenances ap ap- ap- ap in and for Cor said Cit City there shall be issued Three Hundred Thousand Dol Dol- Jars of oC the City of or r Bountiful Davis County State of Utah General Obligation Obit gallon gation Park Im c e n t Bonds Series of or December 1 1 1963 Said bonds shall shan be dated December 1 1963 shall be in the Itlie denomination of One Thousand Thousand Thou Thou- sand Dollars each shall be he in the numbers from one 1 consecutively upward hall bear interest from Crom date until paid at the rate of or three and ond seventy five hundredths per per cent per cent per annum which interest shall be 1 payable June 1 1964 and semIannually semiannually semiannually semi- semi annually thereafter on the first days of December and June of each each year ear Such bonds shall mature serially in numerical order of December 1 in each year of the years ears and md at the rates of or interest as follows Bond Amount Year IntereSt Nos Maturing Maturing Rate 20 1 1964 2140 40 1965 1963 3 5 60 41 1966 61 80 1967 81 1968 1963 1969 1970 3 5 t 1 O 1971 1972 1973 1974 1975 1976 1977 1978 1918 Both principal and interest shall be pa payable able in lawful money of the United States of or America at the Bountiful State Bank Bountiful Utah The TIle bonds maturing on or after December 1 1973 shall be subject to the right of the City to repurchase the same in inverse numerical order on that date and on any interest payment date dale thereafter at a aprice aprice aprice price equal to the principal amount thereof and accrued Interest to lo the date fixed for lor repurchase plus for each bond so repurchased Notice No lice tice of the Ue exercise of such right of repurchase shall be given not less than thirty days das prior to the date fixed for Cor repurchase repurchase repurchase re re- re- re purchase by publication onetime onetime one time tune in a newspaper of general gener gener- al at circulation in Salt SaIl Lake Cit City Utah and b by registered mail to the original purchasers of the bonds Section 2 2 That said general obligation park improvement bonds and the interest coupons I thereto attached shall be insubstantially insubstantially in insubstantially I substantially the n g form UNITED STATES OF AMERICA DAVIS COUNTY CITY OF BOUNTIFUL Number GENERAL OBLIGATION OBLIGATION OB OB- PARK IMPROVEMENT IMPROVEMENT IMPROVEMENT IMPROVE- IMPROVE MENT BOND KNOW ALL MEN BY THESE PRESENTS That Thai the C City ty of Bountiful Davis County Utah for Cor value rece received ed hereby acknowledges ac- ac ledges itse itself to be in in- d and promises to lo pay paylo to lo the bearer the sum of ONE THOUSAND DOLLARS 1 on the first day of December December De De- cember 19 19 together with interest thereon from the date dale hereof until paid at al the rate o ot three and seventy five e hun hun- pcr per per percent cent ii per per m payable p June I 1 1964 and semiannually semi annual I ly 13 thereafter on the first days of December and June in each year ear with interest falling due dueon dueon dueon on and prior to lo maturity payable payable payable pay pay- able only upon presentation and surrender of the attached interest coupons as they severally sev sev- craIb become due Both Bolh principal principal principal prin prin- cipal of and interest on this bond are payable in lawful mone money of the United States Stales of America at al the Bountiful State Stale Bank Bount Bountiful Cul Utah This bond is one of an issue of or three hundred General Obligation Park Improvement Bonds of like date tenure and effect except as to maturity issued for the purpose of defraying de dc- fraying the cost of acquiring land and constructing thereon public park improvements including including in in- eluding improvements to present present pres pres- ent parks or sites for parks now owned b by the city together er with necessary buildings equipment and appurtenances in and for Cor said City under and by virtue of and in full Cull conformity conformity conformity con con- with the Constitution and Laws of the State of oC Utah and an ordinance duly adopted by the City Cily Council of said Cit City Cily on December 4 1963 afler aCter after af- af ter ler having been duly authorized authorized author author- at al an election legally held in said City on November No 5 1963 The City of Bountiful has reserved the right to lo repurchase repurchase repurchase chase the bonds of this issue maturing after December 1 1 1973 on that thai and on any interest interest interest inter inter- est payment date dale thereafter in inverse numerical order ata ata at ata a price equal to the principal amount thereof and accrued interest to the date fixed for or repurchase plus for each cach bond so repurchased Notice of the exercise of said right of I repurchase will be given not I Iless less ess than thirty days prior to the he date fixed for repurchase b by publication one time in a anew new newspaper paper of general circulation tion in Salt Lake Cit City Utah and by registered mail to lo the original purchasers of the bonds The City Council of the City of Bountiful agrees that it will annually levy a tax sufficient to pay the interest on this bond bondas as it falls Calls due and also to lo constitute constitute constitute con con- a sinking fund sufficient sufficient sum sum- to pay the principal when due It II is hereby certified recited and declared that all aU conditions conditions condi condi- acts and things essential essential essen- essen lial to the validity of this bond and the issue of which it il forms a part do exist have happened hap hap- and have bare been done and that thai every requirement o of law affecting the issue thereof has been duly complied with and that thai this bond is with within 1 the debt and other oilier limit pre deb scribed b by the Constitution and Laws of the S State Stale te of or Utah and that the full faith and credit creditor of or the City Cily of Bountiful are hereby irrevocably pledged to lo the punctual payment of the principal of and interest on this bond according to its terms IN WITNESS WHEREOF the City of oC Bountiful has caused this bond to lo be signed b by Its ils Mayor Maor and countersigned countersigned counter counter- signed by its City Cily Recorder with the seal of this City Cily affixed affixed af af- af- af fixed and the coupons hereto attached to lo be signed with the facsimile sIgnature of said officers of of- who by the execution hereof do adopt as and for their heir own proper signatures their facsimile signatures appearing appearing ap ap- on each of said coupons coupons coupons cou cou- pons all as of oC the first day of December 1963 Mayor Maor Countersigned City Recorder SEAL Form of oC Coupon Number 1875 On the first da day of oC unless the hereinafter men men- honed bond bondis is is then subject to o the right of or the Ule Cit City of Bountiful to repurchase the Ule same and said City has duly provided for the exercise of such uch right the City Cily of Bountiful ful ul Davis County Utah will vill willay pay ay to the bearer hereof al nt atthe the he Bountiful State Bank Bountiful Utah the sum of or Eighteen and 75 Dollars 1875 in lawful money of oC the he United States Stales of America being cing the interest due on its General Obligation Park Improvement Improvement Im Tm- provement Bond dated December December Decem Decem- ber her 1 1963 Facsimile Signature Mayor Maor Bond Jond Number Countersigned Facsimile Signature City Recorder Form of Auditors Auditor's Certificate I the undersigned duly qualified qualified fied and acting Auditor of the City Cily of Bountiful Davis County County Coun- Coun ty y Utah Ulah do hereby certify that bat the within bond is within the tie lawful debt limit of the City Cily of Bountiful Utah Ulah and is issued according to lo law WITNESS my official signature signa- signa tare ture this day of December December December Decem Decem- ber 1963 City Recorder and ex officio Auditor Section 3 That for the purpose purpose purpose pur pur- pose of defraying the cost of constructing a public swimming swimming swimming swim swim- ming pool with wilh authority to lo acquire a site if it necessary necessary essary together with the necessary necessary essary buildings equipment and nd appurtenances in and for said aid City there shall be issued issued is- is sued Two Hundred Thousand Dollars of the City ily of Bountiful Davis Count Coun Coun- t ty y State Slate of Utah General Obligation Obligation Ob- Ob Swimming Pool Seres Series Ser Ser- ies es of December 1 1963 Said bonds shall be dated December December Decem Decem- ber her 1 1 1963 shall be in the denomination denomination de- de nomination of One Thousand Dollars 10 each shall shalle be e numbered from one consecutively con con- upward shall bear interest from date dale until paid at al the rate rale of oC three and seventy seventy seven seven- ty y five hundredths per cent per cent per annum which interest shall be payable pay- pay able ble June 1 1964 and semi semiannually semi semi-an- annually an- an thereafter on the first days of December and June of each cacti year Such bonds shall mature serially in numerical order of December 1 in each of the years ears and at the rates of interest interest in- in terest as Bond ond Ar Arn n Y Yx t Interest II Nos os Xv ute atc ite 10 1 10 11 lff 20 11 1965 30 1 1966 10 1 00 1967 50 41 1963 1968 65 51 1969 SO 1970 95 1 1971 96 1972 1973 26 1974 1975 3 5 1976 1977 1978 Both interest and principal shall be payable in lawful money of the United States Slates of America at the Bountiful State Stale Bank Bountiful Utah Ulah The bonds maturing on or after December 1 1973 shall be subject to the right of the Cit City to repurchase the same in inverse numerical order on that date and on any interest payment date thereafter at a aprice aprice aprice price equal to the principal amount thereof and accrued interest to the date dale fixed for repurchase plus for each bond so repurchased Nolice Nolice No No- lice tice of the exercise of such right of or repurchase shall be given not less than thirty days prior to the date fixed for repurchase repurchase repurchase re re- purchase by publication onetime one onetime onetime time in a of newspaper general gen eral cral circulation in Salt Sail Lake Cit City Cily Utah Ulah and by registered I mail to the Ule original purchasers ers of the bonds Section 4 That said general obligation swimming p pool o a o a I 1 bonds and the interest coupons thereto attached shall be in insUbstantially insubstantially sUbstantially the follow i ing n g form Corm UNITED STATES OF AMERICA STATE OF UTAH DAVIS COUNTY CITY OF BOUNTIFUL GENERAL OBLIGATION SWIMMING UNG POOL BOND Number KNOW ALL MEN B BY Y THESE PRESENTS That Thai the City of Bountiful Davis County County County Coun Coun- ty Utah for value received hereby acknowledges itself to tobe tobe be indebted and promises to pay to lo the bearer the sum of ONE THOUSAND ND DOLLARS RS December 19 19 tog together e the r with interest thereon from the date dale hereof until paid at the rate of or three and seventy five rhe hundredths per cent per percent percent percent cent per annum payable June 1 1964 and semiannually semi annual l ly thereafter on the first days of December and June Tune in each year ear with interest falling due dueon dueon dueon on and prior to lo maturity payable payable pay pay- able only upon presentation and surrender of the attached interest coupons as they severally severally sev sev- become due B Bolli Ul principal principal principal prin prin- cipal of and interest on this bond are arc payable in lawful money of the United St States tes of or America at the Bountiful State Bank Bount Bountiful ul Utah Ulah I This bond Is one of an issue of Two Tco Hundred General Obligation on Swimming Po o 0 I 1 Bonds of like date tenure and effect except as to maturity issued for the purpose e of defraying defraying de de- de- de fraying the cost of constructIng construct construct- Ing ng a public swimming pool with authority to |