Show A RESOLUTION A resolution authorizing the Issuance of ot School Build Building I n g Bon Bonds d s Series B of ot 1965 of ot Davis County School District Davis County Utah providing providing providing pro pro- viding for tor the levy of taxes to pay principal of ot and In Interest Interest interest In- In terest on said bonds and providing for tor the sale of at said bonds WHEREAS at a special bond election duly and lawfully lawfully law law- fully tully called and held in Davis County School District District Dis Dis- Davis County Utah on March 3 3 1964 the Issuance Issuance issuance ance of bonds was authorized for the purpose purpose pur pur- pose of at raising money for purchasing school sit sites e s building or purchasing one or more school houses and supplying the same sam e with furniture and necessary apparatus and for improving improving improving ing school property under the charge of at the Board of Education the result of which election w was a s de declared declared declared de- de by the Board of Education Education Education Edu Edu- cation sitting as a Board of Canvassers on March 4 1964 and andI I WHEREAS of the bonds So 80 voted at said election have heretofore r e been issued and it has been determined to authorize the issuance and sale sate of of said bonds at this time I II I NOW THEREFORE Be BeIt BeIt BeIt It Resolved by the Board of Education of Davis County County County Coun Coun- ty School District Davis County State of Utah I Section 1 1 That under au authority authority authority au- au of Chapter 14 of Title 11 Utah Code Annotated Annotated Annotated Anno Anno- 1953 otherwise known as the Utah Municipal Municipal pal pal Bond Act there shall be Issued by said district bonds in the amount of for the purpose of raising money for purchasing purchasing purchasing pur pur- chasing school sites for building or purchasing one or more school houses and supplying the same sam e with t furniture and necessary s a r y apparatus and for improving ing school property under the charge of the Board of E Education Section 2 2 That s said a I d bonds shall be known as School Building B o n n-d n d h Series B of 1965 sh shail rb In inthe the denomination tI 0 n of of- oV each numbered 1 to inclusive dated De December December December De- De cember 1 1 1965 shall bear interest from their date until paid at such rate or rates not exceeding five per cent 5 per annum as shall be fixed by resolution to be adopted at the time the bonds are sold said Interest in inte interest in- in te terest rest being payable June 1 I 1966 and semi annually thereafter on the first days of June and December of each year and shall fall due serially in numerical order without option of prior redemption on June 1 of each of the years and be bear r interest as follows Bond Numbers Amount 1 to 20 21 to 40 41 to 60 61 to 80 60 81 1 to Interest Rate Year 1970 1971 1972 1973 1974 Both principal of ot and in interest interest interest in- in terest on said bonds shall be bl payable in lawful money of the United S States tat e s of America at First Security Bank of Utah NA Main ati First South in Salt Lake City Utah Said bonds shall be signed by the President and attested by the Clerk of the Board of Education the signature of said P Pres President resIdent res- res ident dent being by facsimile and shall have the corporate corpor corpor- ate seal seat of said board af affixed affixed at- at fixed thereto and s shall hall have coupons for interest attached which co coupons u p 0 n s shall be signed with the printed facsimile s signatures signatures signa signa- I g n a. a tures of ot the President and Clerk of the Board of at Education Education Edu Edu- cation and the preparation of ot said printed facsimiles of said President and Clerk upon said coupons is hereby hereby hereby here here- by adopted by the be board as the authorized and authentic tic signing of said coupons by said add officials Section 3 That s said a I d bonds and the coupons shall be in substantially the following following following fol fol- fol- fol lowing forms form For Form m of 01 Bond UNITED STATES OF AMERICA STATE OF UTAH DA DAVIS VIS CO COUNTY BOARD OF EDUCATION OF DAVIS COUNTY SCHOOL DISTRICT SCHOOL BUILDING BOND SERIES B OF 1965 Number The Board of Education of Davis County School District District Dis Dis- Davis County State of 01 Utah hereby acknowledges Itself to be indebted and for value received hereby promises to pay to the bearer hereof without op option option op- op tion of prior redemption the sum of Five Thousand Dollars on the first day of June 19 19 with in interest interest interest in- in terest thereon at the rate of per percent cent per annum from date until paid payable June 1 I 1966 and semiannually semI an semIannually thereafter on the first days of June and De December December December De- De cember of 01 each year said interest to maturity being payable only upon presentation presentation presentation presen presen- tation and sur surrender render of ot the appropriate interest coupons coupons coupons cou cou- pons hereto attached Both principal and interest are payable in lawful money of the United States of AmerIca America Amer Amer- Lea ica Ica at First Security Bank of Utah NA in Salt Lake City Utah This bond is one of ota a series series series ser ser- ies of f bonds of like date and tenor except asto as asto asto to maturity and Interest rate issued for the purpose purpose purpose pur pur- pose of raising money for lor purchasing school sit sites e s for building or purchasing one or more school houses and supplying the s same sam a m e with furniture and necessary necessary necessary sary apparatus and for im improving improving im- im proving school prop property e r t y under the charge of the Buard Board of Education and is issued under and pursuant to the provisions of the Constitution and laws of the State of ut Utah h In including c 1 u din g particularly the Utah Municipal Municipal Municipal Mu Mu- Bond Act Chapter 14 of Title 11 Utah Code Annotated 1953 1953 after h hay hay- vIng v- v ing sing be been n authorized at rr Election held on P i r h 1964 In said district by vote of 01 the qualified electors electors electors elec elec- tors of said district who had paid a property tax therein in the year next preceding said election The Board of at Education of Davis County School District District District Dis Dis- covenants and is by bylaw bylaw bylaw law required to levy annually annually annually an- an a sufficient tax to pay the interest on this bond bondas as as it if falls due and arid also to constitute a sinking fund for tor the payment of the principal prin cipal thereof as the same falls due it is hereby certified recited re recited recited re- re cited and declared that all acts conditions and things things- essential to the validity of this bond exist have happened happened happened hap hap- and have been done and that every requirement of 01 law affecting the issue hereof has been duly corn 1 complied complied com com- I plied with and that this bond is within every debt and other limit prescribed by the Constitution and laws of said state and that the full faith and credit of 01 said Board of Education of Davis County School District are hereby irrevocably pledged to the punctual payment of the principal of 01 and Interest on this bond according to its terms IN WITNESS WHEREOF the Board of ot Education of Davis County School District Dis DIs- Davis County State of Utah has caused this bond to be signed by its President resident P and attested by its Clerk the signature of 01 said President being by facsimile and has caused the corporate seal of said Board of Education of at Davis County School District to tobe tobe tobe be affixed amud hereto and the annexed co coupons u pan Ii to be signed with the facsimile signatures of its President President President dent and its Clerk which officials by the execution hereof do adopt as and for their own proper sIgnatures signatures signa sIgna- tures lures their facsimile signatures signatures signatures sig sig- natures appearing on each eachl of said coupons all as of the first day of 01 December t 1965 Facsimile signature J President Board of 01 Education of at Davis County School District Davis County Utah A Facsimile signature Clerk Board of Education of Davis County School District Davis County Utah Form of Coupon Number Number- aOn a- a On the first day dayot- dayot of 19 19 the Board of Education Edu Education Education cation of Davis County School District B 0 Davis av a vis 1 s County Utah will pay to the bearer hereof at First Security Bank of 01 Utah Uta h NA in Salt Satt Lake City Utah the amount shown hereon in lawful money of the the United States of America AmerIca America Amer Amer- ica being the interest then due on its School Building Bond Series B of ot 1965 dated December 1 I 1965 and numbered Facsimile signature P President resident Board of Education Attest Facsimile signature Clerk Board of 01 Education Section 4 4 That PresIdent Pres- Pres ident and the Clerk of 01 the thea a Board of at Education are each hereby emp empowered 0 to ere d dand and directed to sign and the Clerk to cause the seal of 01 said board to be affixed to each of at said bonds and the acts of said President and said Clerk in so doing ar are e and shall be the act and deed of ot said Board of at Ed Education Education Education Ed- Ed of Davis County School D District i s t r I ct Davis County Utah The use of 01 the facsimile signature of ot the President on the face of the bonds is hereby author Section 5 That all alt Covenants covenants covenants cov Cov- statements representations representations representations and agreements contained in said bonds and coupons and all alt recitals and representations in this resolution and order are hereby considered and un understood understood understood un- un and it is hereby resolved that all alt said covenants covenants covenants cov cov- statements representations representations representations and agreements of ot said school district are the covenants statements representations and agreements agreements agreements agree agree- ments of the Board of Education Education Edu Edu- cation of Davis Co County u n t y School 0 District i s t r let D Davis a v Is County Utah Section That 6 to pay the Interest falling due on said bonds as the same becomes due and also to provide a sinking fund for the payment payment pay pay- me ment nt of the principal of 01 said bonds at maturity there shall be levied on all taxable taxable tax tu- able property In 0 Davis a v I s County School District In addition to all alt other taxes tues a direct annual tax sufficient sum clent to pay the interest on said bonds and to pay and retire the same as hereinbefore hereinbefore hereinbefore herein herein- before provided Said taxes when collected shall be ap applied applied ap- ap plied solely for the purpose of 01 the payment of 01 said In Interest Interest interest In- In terest on and principal of 01 said bonds respectively and for no other purpose whatsoever until the Indebtedness in indebtedness indebtedness In- In so contracted under this resolution principal prin cipal and interest shall have been fully paid satIsfied satisfied satisfied sat sat- and discharged but nothing herein cant contained a I n e d shall be so construed as to prevent said district from Irom applying any other funds lunds that may be in the district treasury and available for that purpose to the payment payment pay pay- m ment ent of said interest and principal as the same re respectivelY respectively respectively re- re mature and the levy or levies herein provided provided provided pro pro- vided for may thereupon to that extent be diminished diminished diminished dimin dimin- and the sums herein provided for tor to meet the interest on said bonds and to discharge the principal thereof when due are hereby hereby hereby here here- by appropriated for that purpose and the required amount for each year shall be included by the Board of Education in its Us ann annual u a l budget and its statement and estimate as certified to the Board of 01 County Commissioners in each year Principal or Interest falling due at any time when there shall not be available from Irom the proceeds proceeds proceeds pro pro- of said levies money sufficient for the payment thereof thereat shall shaU to the extent of such deficiency be paid from Irom other funds of 01 the Board of at Education available available avail avail- able for lor such purpose and such other funds reimbursed reimbursed reimbursed when the proceeds of ot said levies b bee become e c o 0 m e available Section 7 7 That said bonds shall be sold at public public public pub pub- lic sale pursuant to resolution resolution tion to be hereafter adopted adopt adopt- ed The Treasurer of the Board of Education is here here- hereby by instructed to make de delivery delivery delivery de- de livery of such bonds to the purchasers thereof thereat as soon as may conveniently e 11 t I y be beafter beafter after the adoption of the the resolution confirming sale and to receive pa pay payment y m men e nt t in accordance with the terms of sale and to set the proceeds of said sale aside into a separate fund to be used for lor the purposes for lor which the bonds are herein authorized Section 8 That this resolution resolution resolution reso reso- lution shall be published one time in the Davis Coun Coun- ty Clipper and In the Weekly Reflex Kaysville Utah a newspaper newspaper newspaper per published and of at general general general gen gen- eral circulation In Davis County School District and for tor a period of 01 thirty days after such publication any person in interest shall have the right to contest the legality of at this resolution resolution resolution tion or of the bonds hereby authorized or any and provisIons provisions provisions provi provi- made for the security and payment of at such bonds After such time no noone one shall have any cause of action to contest the regularity formality formality torm for tor- m mality or legality of this resolution or the bon bonds d s sherein herein authorized for lor any cause whatever Section 9 9 That all resolutions resolutions resolutions reso reso- and orders or parts thereof in conflict with the provisions her hereof eat are hereby repealed Adopted and approved v e d this 1st day of 01 November 1965 IRVIN R R. R CLEVERLY CLEVERLY President Board of at Education of at Davis County School District Davis Davin County Utah Attests Attest A A. A HOLLIS GRANGE Clerk Board of Education of Davis County School District Davis County Utah Published in the Weekly Reflex Utah Nov 4 1965 Published in the D Davis av i. i County Clipper CUpper Bountiful Utah Nov 5 1965 |