Show I LEGAL NOTICES A RESOLUTION A RESOLUTION authorizing authorizing authorizing ing the issuance of 1500 School Building Bonds Series A and B of June 1 1967 of oC the Board of Education Education Education Edu Edu- cation of Davis County School District Davis County Utah providing for forthe the levy of taxes to pay principal of and interest on said bonds and providing for the sale of said bonds WHEREAS at a special bond election duly and lawfully called and held in Davis County School District Davis County Utah on Mar 3 1964 the issuance of bonds was authorized authorized authorized author author- for the purpose of raising money for purchasing school sites tor building or purchasing one or more school houses and supplying the same with furniture furniture furniture furni furni- ture and necessary apparatus and for improving school property property property prop prop- erty under the charge of the Board of Education the result of which election was declared by the Board of Education sitting sit sitting sitting sit sit- ting as a Board of Canvassers on Mar 4 1964 and WHEREAS of the bonds so voted at said election have heretofore been issued and It has been de determined determined determined de- de to authorize the issuance issuance issuance ance and sale of at the remaining of said bonds at this time and WHEREAS at a special bond election duly called and held in Davis County School District Davis County Utah on Mar 7 1967 the issuance of at bonds bands was authorized for the same purpose the result of wJ which ch election was declared by bythe bythe bythe the Board of Education sitting as a Board Hoard of ot Canvassers on Mar 9 1967 and SERIES A AMT SERIES B AMT TOTAL YEAR BOND NOS BOND NOS 1 to 15 1968 16 to 25 1969 26 to 35 1970 t 36 to 45 1971 46 to 55 1972 56 to 75 1973 76 to 1974 1 to 31 to 1975 32 to 66 to 1976 67 to to 1977 WHEREAS none of the 7 bonds voted at said election of ot Mar 7 1967 have heretofore been issued and it has been determined to authorize authorize authorize author author- ize the Issuance and sale of of said bonds voted on Mar 7 1967 at this time NOW THEREFORE Be It Resolved by the Board of Education Education Education Edu Edu- cation of ot Davis County School District Davis County State of Utah Section 1 That under authority authority author author- I ity of oC Chapter 14 of Title 11 Utah Utah Code Annotated 1953 otherwise known as the Utah Municipal Bond Act there shall be issued by said district bonds in the amount of for forthe forthe forthe the purpose of raising money for purchasing school sites for building or purchasing one or more school houses and supplyIng supplying supply supply- Ing the same with furniture and necessary apparatus and for improving school property under un under under un- un der the charge of the Board of ot Education Section 2 That said bonds shall be known as School Building Build ing Bonds Series A and B of ot June 1 1967 shall be in the denomination of ot each numbered 1 to Inclusive within Series A which shall be bethe bethe bethe the bonds voted at the election of Mar 3 1964 and numbered 1 to inclusive within Series Series Series Ser Ser- ies B being the bonds voted atthe at atthe atthe the election of Mar 7 1967 Said bonds of both series shall be dated June 1 1967 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 theU U time me the bonds are sold said interest being payable June 1 1968 and semi-annually semi thereafter thereafter thereafter there there- after on the first days of June and Dece December of each year and shall fall due serially In nu numerical numerical numerical nu- nu merical order without option of prior redemption on June 1 of ot each ea h of the years as follows Both principal of ot and Interest on said bonds shall be payable in lawful money of the United States of America at First Security Se Security Security Se- Se Bank of Utah NA Main at First South Lake City Utah Said bonds shall be signed by the President and attested by the Clerk of the Board of ot Education the signature of ot said President being by facsimile and shall have the facsimile of the corporate seal of said board printed thereon and shall have coupons for interest attached which coupons shall be signed with the printed facsimile signatures signatures signatures sig sig- natures of oC the President and Clerk of the Board of at Education Education Education tion and the preparation of said printed facsimiles of said President President President Pres Pres- ident and Clerk upon said coupons coupons coupons cou cou- pons is hereby adopted by the Board as the authorized and au authentic authentic authentic au- au signing of said coupons by said officials Section 3 That said bonds and the coupons shall be In substantially substantially substantially the following form Form of ot Bond UNITED STATES OF AMERICA STATE OF UTAH DAVIS COUNTY BOARD OF EDUCATION OF DAVIS COUNTY SCHOOL DISTRICT SCHOOL BUILDING BOND SERIES OF JUNE 1 i 1967 Number The Board of Education of D Davis County School District Davis County State of Utah hereby acknowledges itself to be indebted and for value received hereby promises to pay to the bearer hereof without option of ot prior redemption the sum of Five Thousand Dollars on the first day of June 19 19 with interest thereon at the rate of per cent per annum from date dat until paid payable payable payable pay pay- able June 1 1968 and semiannually semiannually semian- semian thereafter on the first days of June and December of ot each year said interest to maturity maturity maturity ma ma- being payable only upon presentation and surrender of or orthe the appropriate Interest coupons coupons coupons cou cou- pons hereto attached Both principal principal principal prin prin- cipal and interest are payable in lawful money of the United States of America at First Se Security Security Security Se- Se Bank of ot Utah NA in Salt Lake City Utah This bond is one of an issue of ot bonds comprising Series A In the amount of and Series B in the amount of ot all of said bonds being of like date and tenor except as to maturity and interest In Interest interest in- in terest rate Issued for the purpose purpose purpose pur pur- pose of raising money for purchasing purchasing purchasing pur pur- chasing school sites for building building building build build- ing or purchasing one or more school houses and supplying the same with furniture and necessary necessary necessary sary apparatus and for improving Improving ing school property under the charge of the Board of at Education Education Education tion and Is Issued under and pursuant to the provisions of the Constitution and laws of oC the State of Utah including particularly particularly particularly the Utah Municipal Bond Act Chapter 14 of Title 11 Utah Code Annotated 1953 the bonds of Series A having been authorized authorized author author- at an election held on Mar 3 1964 in said district by vote of ot the qualified electors of said district who had paid a property tax therein in the year next preceding preceding preceding pre pre- ceding said election and the bonds of Series B having been authorized at an election held on Mar 7 1967 In said district by vote of the qualified electors of said district who had paid a property tax therein in the year next preceding said election The Board of Education of ot Davis County School District covenants and is by law required to levy annually a sufficient tax to pay the interest on this bond bondas as it falls due and also to constitute constitute constitute con con- a sinking fund for the payment of the principal thereof as the same falls due It is hereby certified recited and declared that all acts conditions conditions conditions con con- conI I and things essential to the validity of oC this bond band exist have happened and have been done and that every requirement requirement requirement require require- ment of of law affecting the Issue hereof has been duly complied with and that this bond is within every debt and other limit prescribed prescribed prescribed pre pre- I scribed by the Constitution and laws of oC said state and that the i full faith and credit of said Board of Education of Davis County School D District i s t r I c tare are hereby irrevocably pledged to the punctual payment of the principal of and interest on this bond according to its terms IN WITNESS WHEREOF the Board of Education of Davis County School District Davis County S State tat e of Utah has caused this bond to be signed by its President and attested by its Clerk the ji of said President being by facsimile and has caused the facsimile atthe of at the corporate seal of said Board of at Education of Davis County School District to be printed hereon and the annexed coupons to be signed with the facsimile signatures of its President and its Clerk which officials by the execution hereof do adopt as and for their own proper signatures their facsimile signatures ap apI appearing ap- ap appearing on each of said coupons all as of ot the first day of oC June 1967 President Board of Education of Davis County School District i Davis County Utah Attest t I I Clerk Board of Education of Davis County School District Davis County Utah Facsimile Seal Form of oC Coupon Number SOn S On the first day of 19 19 the Board of Education of Davis County School District Davis County Utah will pay to the bearer hereof at First Se Security Security Security Se- Se Bank of Utah NA Main at First South in Salt Lake City Utah the amount shown hereon in lawful money of ot the United States of America being the in interest interest interest in- in terest then due on its School Building Bond Series of June 1 1967 dated June 1 1967 and numbered Facsimile signature President Board of Education Attest Facsimile signature Clerk Board of oC Education Section 4 That the President and the Clerk of the Board of Education are each hereby empowered em- em empowered empowered em em- powered and directed to sign and the Clerk to cause the seal of ot said board to be affixed to each of said bonds and the acts I of said President and said Clerk Clerkin i in so doing are and shall be the act and deed of said Board of Education of Davis C County ou n t y I School District Davis County I Utah The use of at the facsimile signature of the President and the facsimile of ot the seal of the board on the face tace of the bonds Is hereby authorized Section 5 That all covenants state statements ments represent representations a t l ion o n s sand sand and agreements contained In said bonds and coupons and all' all recitals and representations in inthis inthis inthis this resolution and order are are hereby considered and understood understood understood under- under stood and it is hereby resolved that all said covenants statements statements statements state state- ments represent representations a t ion sand and agreements of said said school di district district dis dis- are the covenants statements statements statements state state- ments represent representations a and agreements of the Board of Ed Education Education Education Ed- Ed of Davis County School District Davis County Utah Section 6 That to pay the in interest interest interest in- in terest falling taIling due on said bonds as the same becomes due and also to provide a sinking fund for the payment of or the principal of said bonds at maturity there shall be levied on all taxable property in Davis County School District in addition to all other taxes a direct annual tax clent to pay the Interest on said bonds and to pay and retire the same as hereinbefore provided Said taxes when collected shall be applied solely for the purpose of the payment of said interest on and principal of said bonds respectively and for no other purpose whatsoever until the in indebtedness indebtedness indebtedness in- in so contracted under this resolution principal and Interest shall have been fully paid satisfied and discharged but nothing herein contained shall be so construed as to prevent prevent prevent pre pre- vent said district from applying any other funds that may be in inthe inthe inthe the district treasury and available available available avail avail- able for that purpose to the payment payment payment pay pay- ment of said Interest and principal principal principal prin prin- cipal as the same respectively mature and the levy or levies herein provided for may thereupon thereupon thereupon there there- upon to that extent be diminished diminished diminished dimin dimin- and the sums herein provided provided pro pro- vided for to meet the Interest on said bonds and to discharge the principal thereof when due are hereby appropriated for that I purpose and the r required e qui red amount for each year shall be included by the Board of Education Education Education Edu Edu- I cation In its annual budget and its statement and estimate asi as I i certified to the Board of County Commissioners in each year Principal or interest falling due at any time when there shall not I be available from the proceeds of said levies money sufficient for the payment thereof shall to the extent of such deficiency be paid from other funds of oC the Board of ot Education available for such purpose and such other funds rei reimbursed when the proceeds proceeds proceeds pro pro- of said levies become available Section 7 That said bonds bonds' shall hall all be sold at ate p public bl sale put to resolution to t be here hereafter here hereafter after fter adopted The Treasurer of the Board of Education Is hereby hereby hereby here here- by instructed to make delivery of ot such bonds to the purchasers thereof as soon as may conveniently conveniently conven conven- be after the adoption of the resolution confirming sale and to receive payment in accordance with the terms of ot sale and to set the proceeds of said sale aside into a separate fund to be used for the purposes for which the bonds are herein authorized Section 8 That this resolution shall be published one time in inThe inThe inThe The Reflex Davis County Clipper Clipper Clipper Clip Clip- per newspapers published and of general circulation in Davis County School District and for fora a period of thirty days after aCter such publication any person in interest shall have the right to contest the legality of this resolution resolution resolution reso reso- lution or of orthe the bonds hereby au authorized authorized au- au or any provisions made for the security and payment of such bonds After such time noone no noone noone one shall have any cause of action ac action action ac- ac tion to contest the regularity formality or legality of this resolution resolution resolution res res- or the bonds herein au authorized authorized authorized au- au for any cause what what- ever Section 9 That all resolutions and orders or parts thereof in conflict with the provis provisions Ion s hereof are hereby repealed Adopted and approved this 3rd day of April 1967 Irvin R. R Cleverly President Board of Education of Davis County School District Davis County Utah Attest A A. A Hollis Grange Clerk Board of Education of Davis County School District Davis County Utah After due consideration of ot said resolution by the board Henry E E. E Peterson seconded its i I I I I II I I I I adoption and the same on being put to a vote was unanimously carried by the affirmative vote of all members present the vote being as follows AYE Irvin R R. R Cleverly Absent Glen Garrett Morris Hansen Wilmer S S. S Barlow Henry E E. E Peterson NA NAY Y None Thereupon the Clerk was or ordered ordered ordered or- or dered and directed to enter the foregoing proceedings upon the records of oC the Board of oC tion Approved this 3rd day of ot April 1967 Irvin R R. R Cleverly President Board of Education of Davis County School District Davis County Utah Attest A A. A |