Show MF 1 iV n c k All Au Or Ordinance I IAn art F An Ordinance providing for foi forthe the tho Issuance and IS Sale lie of the Ephraim City Electric Li Light Li ht Bonds Bond k j Bo Be it it if ordained by hy the city Y council of Ephraim ul City Utah a as I follows SEC I. That 1 That J. J R. R Dories Dorius Mayor of ot Ephraim City and James Frost Fiot th the City Recorder 7 kr of said city are bere y empower empower- 71 1 ed sd directed and ordered as such suet mayor and und ci city ty recorder of sail said Ephraim City t tu to issue sign and seal with their re respective signatures signatures signa signa- tures and the seal of said city twelve bonds bond of the denomination of Hof One Thousand 1000 00 Do Dollars Dol- Dol lays lars each euch payable to bearer rr k L absolutely absolute in in twenty years from July 1 1905 and after atter ten years J at the option of said Ephraim City and to be bear r interest at atthe the irate of 6 per cent per annum interest t payable semi semi annually annually principal and inter interest st payable in ins s- s coin com at the state bank of Utah Salt Lake City Utah for forthe or the purpose of constructing an electric light and power plant tobe to tobe tobe be owned and controlled by the Said bonds said Ephraim City shall be known a as the Ephraim F City Electric L Light ht Bonds and the said mayor and city recorder shall issue and attach to said bonds T the required interest t coupons duly si signed ned with a fac fat fac of t their 4 said sign natures SEC II That II-That That the bonds when so issued shall be issued to Blanche T T. Bailey City Treasurer of said s Ephraim City and she as such I is authorized city ity treasurer hereby I I ed empo empowered ered and directed to dis dispose dispose dispose pose of said bonds upon the market market mar mar- ket for the highest possible price in cash provided that such bonds than shall not be sold for less their face value the funds derived derlY- derlY derived ed from the said sale of said 4 bonds shall be used for the pur- pur pur- pur purpose pose of constructing a system of electric li lights in a and d for tho the city ct cf Ephraim the said plant to be I o owned ned and controlled by said laid city 11 Th The fund derived from the sale of said aid bonds shall be bo known as the Ephraim City Electric Light Li ht F. F Fund SEC That That this ordinance shall hall take effect immediately upon its passage and approval r Passed and approved this day of July A. A D. D 1905 r C. C R. R Attest Attest- Attest Mayor Alayor JAMES FROST Recorder State of Utah County of Sanpete San San- pete City of Ephraim ss j L I. James Frost Recorder ot of Ephraim Utah do hereby certify that the above and foregoing is Js a full dull true and correct copy of an ordinance entitled An ordinance providing for the issuance and S d t salo sale of the Ephraim city electric light ligh bonds passed by the city council of Ephraim city Utah I July 15 1905 and approved by bythe bythe the mayor July 15 1905 is ns api appears appears ap- ap i pears on record in my office In witness whereof I have here hereunto unto set m my y hand band and affixed the corporate seal of said airl city ity this day day of of July 1905 J JAMES MES FROST Seal City Recorder |