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Show Page August THE JOURNAL 2 Kaysville News A Brillulay Party Marjorie Thatcher entertained at a birthday party for her daughter Valerie who was It years old last week. Twelve little friends played fun games and were served refreshments. I)ais Girls Meeting Laurel Layton, Maria Miya, and Shauna Lynn Bennett, Layton, officers of the Girls Club Association of Davis High School for the coming year will hold a meeting at' the home of Mrs. Beatrice Car-roTuesday afternoon. Sunday Outing Mrs. Lois Stephens, Mr. and Mrs. Ross Davis and family, Bountiful, spent Sunday, visiting at Hennefer and had lunch at Como Springs in Morgan. Honored Guests Mr. and Mrs. Eldon Reed entertained at a family party, Monday evening in honor of Mr. and Mrs. Gerald Mann. Guests were kaysville news . Mr. and Mrs, Charley Hayes, Mr. and Mrs. Lester Hoesch, Mr. and Mrs. Bart Grossman, Mr. and Mrs. M. E. Bell, all of Salt Lake; Mr. and Mrs. George Hayes, Layton; Mr. and Mrs. Don Busey, Baggs, Wyoming, and Reed Mann. The B. O. Broughs Mr and Mrs. Kenneth Muir, Randolph, were Sunday visitors of Mr. and Mrs. B. 0. Brough. Dinner Guests Mr. and Mrs. Paul Layton entertained as dinner guests, Mr. and Mrs. Harmon Barton and children, Mesa, Arizona on Wednesday evening. Visit Sister Mr. and Mrs. Charles Triplett and Mrs. Clayton Wood visited in Salt Lake Monday with Mrs. Clarence Hadley. In Surgery William B. Smith underwent a serious major operation at the St. Benedicts Hospital, Wednesday. Honored Guests Mr. and Mrs. Wayne Sheffield entertained Thursday evening in honor of Mr. and Mrs. Orval Barnes of Clinton, Iowa. Guests were Mr. and Mrs. Sam Raymond, Mr. and Mrs. Steven Rushforth, Mr. and Mrs. Howard Bonncmort and Mr. and Mrs. Leland Bennett, Farmington. Mrs. ll . Resolution RESOLUTION authorizing the issuance bO,! mid bonds of North Davis County Sewer District; providing payment of such bonds and confirming the .sale thereof. Utah Code WHEREAS pursuant to Chapter G of Title 17 of tin created an Annotated, 1955, as amended, there has been heretofore known Weber Counties, Utah, improvement district within Davis and and as North Davis County Sewer District; o WHEREAS at an election duly called and held on May within said district the following proposition was approved by the in the district: qualified taxpaying registered electors residingSewer District, Davis County Shall the bonds of North of $2,900,000, maturing Utah, in the aggregate amount to exceed forty ( to) years from the date thereof, per interest at not to exceed the rate of five per cent of paying the annum, he issued by said district for the purpose cost of the acquisition of a system for the collection, treatment and disposition of sewage for said district, which bonds shall to the extent of $xio,ooo constitute special obligations of said district payable solely from the revenues to be derived from the operation of its sewer system, and shall to the constitute full general obligations taxes to be levied on payable from the proceeds of ad valorem sufficient for amounts in in district said all taxable property of said revenues other the of such part such purpose and from above the of and security district not needed for the payment be as pledged to may mentioned $800,000 special obligations in the reso000 general obligations the payment of such $1, 100, lution authorizing tlieir issuance? and WHEREAS pursuant to the proposition voted as aforesaid general of obligation bonds were authorized to be issued to the amount which of of amount to the bonds $800,000, revenue $2,100,000, and bonds to the amount of $1,810,000 have been heretofore issued and it has been determined advisable to sell and issue at this time the remaining voted bonds in the amount of $200,000; and WHEREAS pursuant to notice of sale duly published such bonds have been sold to Edward L. Burton and Company of Salt Lake City, Utah, and associates at the price of $251,800.00 and accrued interest to the date of delivery plus a premium of $ None, the bid of said purchasers being in full as follows: August 1, 1057. Honorable Board of Trustees North Davis County Sewer District A .'Ft- - 1 (5) Utah Gentlemen: For all but not 'part of $200,000 legally issued, General Obligation Bonds of the District, said bonds to mature serially as set forth in the official notice of sale, Avhich notice of sale is hereby made a part subject to prior redemption at the option of pf this bid; the bonds are the Board of Trustees in accordance with the terms of the notice of sale; said bonds to be in the denomination of $1,000 each, to bear interboth principal and interest est as shown below, payable at a bank to be agreed upon by the purchaser and the District; said bonds to be delivered in Salt Lake City, Utah, and to be accompanied by the approving legal opinion of Chapman and Cutler, attorneys of Chicago, Illinois, we make you the following offer: For bonds hearing interest as follows: per annum, for bonds maturing in the years 1005 to 197-5- , semi-annuall- y, 4.-5- 0 inclu. per annum, for bonds maturing in the years 4.75 inclu. 1970 to 1990, We will, upon delivery of the bonds to us, pay you $2.54,800 and, in addition thereto, accrued interest from August 1, 19.57, to the date of delivery of the bonds to us. The We compute the net interest cost, allowing for the discount, under the terms of this bid, with interest from August 1, 1957, to be $2S3,500, or a net effective rate of 4.79702. A weekly newspaper published in As evidence of our good faith, we attach hereto a cashiers check in the interests of the residents of the amount of $5,200, which check shall be held by you and applied Davis County, at Layton, Utah. as part payment for these bonds if the bonds are awarded to us, but second-class at matter as Entered this check shall be returned to us if this offer, which is for immediate of Act the under Layton, Utah, acceptance only, is declined. 1879. March 8, Respectfully submitted, EDWARD L. BURTON AND COMPANY, Published By KALMAN AND COMPANY, INLAND PRINTING CO. WM. E. POLLOCK AND COMPhone: Kaysville 10 PANY, BLYTH AND COMPANY, INC. By (s) Nicholas G. Smith. JOURNAL OP THE- - MEMBER. to 115 110 to 125 120 to 155 150 to 115 1 ( M and 1 i 110 150 to to 10,000 10,000 10,000 10,000 15.000 15.000 15.000 15.000 15.000 15.000 155 170 to 185 to 200 201 to 215 210 to 25.0 171 ISO 251 to 215 210 to 200 1.75 4.75 19X2 19X5 1981 1985 19x0 19X7 19XX MI 15.01 Per Annum Per Annum Per Annum Per Annum Per Annum Per Annum Per Annum Per Annum Per Annum Per Annum Per Annum Per Annum 4.75 1979 1980 19M 0,000 1PS9 1990 1. 10, 11)57 1 to W. Indus, v,. shull Bonds numbered onle i oFei'.ru' tion at the option of the district in ineers.' rumenenafter at the prin-cipdate thcic 1, 1972 and on any interest payment to the date f x mteres accrued amount thereof and for redemption plus a premium of $10 foi each l)()luj S() or prior to February 1, 1977, and a premium of notice of the call of redeemed thereafter. Not less than thirty days by senclinB an appropna e any bonds for redemption is to be given ,s the. o notice by registered mail to the hanks at which financial a newspaper or and by publishing such notice one time in or New ', or icago, journal published in the City of New ork, , al IJi Illinois. and Section 3. That said bonds shall be signed by the Chairman shall be attested by the Clerk of the Board of Trustees of the district Inand shall have impressed thereon the official seal of saiu district. be evisha to maturity terest accruing on said bonds on and prior denced by coupons to he thereto attached, which coupons shall he and said ofsigned by said officials by their facsimile signatures, and their own for as ficials by the execution of said bonds shall adopt on proper signatures their respective facsimile signatuies appearing said coupons. Section 4. That such bonds shall contain a recital that they are issued under authority of Chapter l! of Title 17 of Utah Code Annotated, 1955, and the recital to such effect contained in the form of bond set out in Section 5 hereof is hereby approved. Such recital shall conclusively import full compliance with all of the provisions of said chapter, and the bonds shall be incontestable for any cause whatsoever after their delivery and sale. Section 5. That the bonds and the coupons to bo thereto attached shall be in substantially the following form: (Form of Bond) UNITED STATES OF AMERICA STATE OF UTAH DAVIS AND WEBER COUNTIES NORTH DAVIS COUNTY SEWER DISTRICT PUBLIC IMPROVEMENT BOND, SERIES 1957 Number $1,900 KNOW ALL MEN BY THESE PRESENTS that North Davis County Sewer District, Davis and Weber Counties, Utah, hereby acknowledges itself to be indebted and for value received hereby promises to pay to the bearer hereof the sum of One Thousand Dollars ($1,000) on the first day of February, 19.. , with interest thereon ) per annum from date until paid, payable February 1, 1958 and thereafter on the fiist days of February and August of each year, interest falling due on and prior to maturity being payable upon presentation and surrender of the annexed interest coupons as the same severally become due. Both principal of and interest on this bond are payable in lawful money of the United States of America at Bank of Utah, in the City of Roy, Utah. This bond is one of a series of bonds of like date, tenor and effect, except as to maturity (and interest rate), issued by North Davis County Sewer District under the provisions of Chapter (5 of Title 17 of Utah Code Annotated, 1953, for the purpose of paying the cost of acquiring part of the system to be acquired by such district for the collection, treatment and disposition of sewage, and is issued under and pursuant to the provisions of the Constitution and Laws of the State of Utah, and pursuant to a resolution adopted by said board on August 1st, 1957. Bonds numbered 51 to 2GO, inclusive, of the series of which this bond is one are callable for redemption at the option of the district in inverse numerical order on February 1, 1972 and on any interest pajment date thereafter at the principal amount thereof and accrued interest to the date fixed for redemption plus a premium of $40 for 30 on or Prior to February 1, 1977, and a premium of $.,0 for each bond so redeemed thereafter. Not less than thirty days notice of the call of any bonds for redemption is to be given by an appropriate notice by registered mail to the banks at which the bonds are payable and bv publishing such notice one time r journal published in the City of New 1 fJ?anciv ,newsPaPer York, ork, or Chicago, Illinois. The Board of Trustees of said district has covenanted and is by u lrtVlnqMd dlS Caif fldl-- 1,0 kvi.ed annuall.V a tax on all taxable sufficient to pay the interest on this bond as 3f nc,t a co"stltute a sinking fund for the payment of tbpf principal thereof as the same falls due. It is provided in the h.e Roard of VkeS0lUti0n Trustees Of lhaJ said district mav tl thlS bom! a.nd the issue of which aflPor it is a part the district by from ?enved the opTenue eration of the sewei system of the district U lsA bc.reby certified, recited and declared that all acts condi- Validity f this bond exist bave aP- peneddannVhivfbeenedoa LTuance it evei? requirement of law affecting the hereof h U vith, that this bond is within every debt and other limit the Constitution and Laws of ?iT!sClllb,?d by. the State of Utah anO 1... aitb credit and resources of said North Davis Countv Sewet semi-annual- ly WIIEREAS it is now desired to provide for the issuance and fix the details of said bonds; NOW, THEREFORE, Be It Resolved by the Board of Trustees cf MEMBER: North Davis County Sewer District, Utah, as follows: NATIONAL EDITORIAL Section 1. That for the purpose of paying the cost of acquiring ASSOCIATION part of the system to be acquired by such district for the collection, treatment and disposition of sewage, there shall be issued the bonds Df the district in the sum of $200,000. NaUl Advertising Representative Section 2. That said bonds shall be designated Public ImproveAdvertising Service ment Bonds, Series 1957, shall be in the total principal amount of Newspaper 333 N. Michigan Avenue $200,000, shall be dated August 1, 1957, shall be in the denomination Chicago, III. of $1,000, and shall bear interest at the rates hereinafter set out, payable on February 1 and August 1 of each year, which TERMS OF SUBSCRIPTION due on and prior to maturity shall be represented by interest in Advance falling $3.50 Per Year. Payable interest appropriate coupons to be attached to such bonds. The bonds LLOYD E. ANDERSON Mananinjr Editor shall be to as both principal and interest in lawful money of payable the United States of America at the Bank of Utah, in the City T1IE STAFF News Editor of Roy, Utah, and shall mature serially in numerical order on CLAIR HALES MARY BOWRING has caused Unty .Se"'er District Society Editor February 1 of each of the years, bear interest and be numbered as folhond toE be' o'nlbvh 16 J. VERNON WOOI SEY. Advertising Mpi. lows : tbe oard Trustees of said district and 'attestei ubaman Office Manager ERNEST II. LITTLE ... Bond Numbers caused the corporate seal Amount Year Perk thereof and has distHcA Interest Rate Office Clerk MARILYN KEYES h 1 to 5 Foreman GEORGE F. BARKER and thc annexed shne 1905 to $5,000 4.50 Per Annum coupons i,e wi h , . DAVE MORTENSEN Compositor to 10 Chairman "of and 1901 5.000 4.50 Per Annum Clerk, all as the first day ot C. A. WILKINSON t!1"'' f stfft" Compositor 11 to 15 4..10 5.000 1905 Per Annum CLAIR FORD Compositor 10 to 20 DAVID SF.AICII 5.000 1900 Composition 4.50 Per Annum JACK I M HOFF Chairman 21 to Stereotype 5.000 1907 4.50 Annum Per Attest: JOHN E. BARKER. JR Linotype 20 to 5,0 5.000 1908 4.50 Per Annum KENNETH KINNER Linotype 51 to o Troof Reader 5.000 1909 MARION WHITESIDES 4.50 Per Annum Clerk Pressman 50 to 40 Cl. IFF BALL 5.000 1970 4.50 Annum Per Freeman NED ROBEY (Form of Coupon) 41 to 45 5.000 1971 4.50 Number Per Annum Pressman GARY KENNEDY 10 to 50 5.000 4. 50 1972 On the first day of GOLDIE BALL Per Annum Bindery Supervisor 51 to ROBENA F.NCE Bindery Dept. 5.000 1975 4.50 Per Annum Reporters 50 to 05 10.000 1974 4.50 Per Annum PRF.F.GE NORMA Kaysville G to 75 1.50 10,000 1975 Per Annum LOUISE WATT Lavton s 10.000 KATIIERINF. ROSE 70 to 8.5 Fnrmimrton 1970. 1.7.V'; Per Annum MBS. VIRGINIA S. BENNETT Syracuse S1 to 95 10,1 MK) 1977 Per Annum JEAN BURSON Clinton no to in: 10.000 "f 15 197'' Per Annum hi' Unilrd Sti America BURSON M,c iMcc't Im'dmblnTVf JEAN Sunset I Improvement Bond. UTAH STATf PiiFiv ASSOCIATION prop-fVal- v ilv semi-annuall- cPcd y Trl i k 5 1 !'et-affixe- d l . i . b-i- nu , |