Show THE GARLAND TIMES FRIDAY Garland City Ordinance t Continued from page 1 face of each bond and each coupon that the same has been issued under provisions of said Revenue Bond Act of 1933 as amended by Chapter 74 Laws of Utah 1935 and that it does not constitute an indebtedness of said Garland City within any constitutional provisions or statutory limitation of the State of Utah Said Revenue Bonds and the coupons attached thereto shall be payable at the office of the City Treasurer at Garland City Box Elder County Utah Said bonds fchall bear date the first day of September A D 1936 and shall be signed by the Mayor of said City counter signed by the City Treasurer and the City Recorder and shall have the corporate seal of said City affixed thereto attested by the City Recorder All coupons attached to said bonds shall bear the facsimile signature of the Mayor and the facsimile of the City Recorder and City Treasurer and as thus authenticated said coupons shall be binding obligations of said City for the interest evidenced thereby Section 3 That said Revenue Bonds and the coupons thereto attached and each of them shall be in substantially the following form: principal and intent solely from the net revenues of the entire waterworks system of Garland City said het revenues being defined by Ordinance No 2 adopted September 21 A D 1936 as the gross revenues of such system after deductions only for the cost of and maintaining the system operating and the expense of any bettemmts or to keep the same in replacements good repair and working order and as security for such payment said net are pledged by said Ordinrevenues there ance in an amount sufficient for to the payment of the interest of upon and principal of the issue Bends of which this is one and to the creation of a Bond and Interest SinkFund therefor ing It is hereby covenanted and agreed that Garland City will charge reasonrevable rates adequate to produce enues (from said waterworks system and to pay the operation sufficient maintenance expense of said system and the interest on and the principal of tliis Bond as jand when the same become due and payable It is hereby that further covenanted and agreed revenues rates adequate to provide sufficient for such purposes will be this all times until maintained at Bond and the coupons hereunto atare fully paid and discharged tached that such rates shall not be provided rate for the in excess of a reasonable service rendered This Bond 1s subject to the condi- STATES OF AMERIC UNITED Garland City tion and every holder hereof by acof Utah County of Box Elder the same agrees with the cepting WATERWORKS BOND REVENUE holder o $1000 obligor and every subsequent that (a) the delivery of this Bond to a Garland City Municipal Corporatransferee shall vest title in this any tion in the County of Box Elder State and Bond the interest represented of Utah hereby acknowledges itself Indebted and for value received prom- hereby in such transferee to the same ises to pay in the manner hereinafter extent for all puriwses as would the like circumstances of under delivery on hereof to the the bearer provided the any negotiable instrument payable to first day of September AD 19 bearer (b) the obligor and any agent Sum of of of the obligor may treat the bearer ONE THOUSAND DOLLARS this Bond as the absolute owner hereand to pay Interest thereon ($1000) of for all purposes and shall not be at the rate of four per centum affected by any notice to the conon per annum payable trary (c) the principal of and interthe first days of March and Septem- est on this Bond will be paid and this ber in each year from date until maBond and each of the coupons apturity upon surrender of the annexpertaining hereto are transferable ed coupons' as they severally become free from and without regard to due Both principal and Interest of beand equities are Bond at the office tween this payable the obligor and the original or Of the City Treasurer at Garland City holder hereof (d) Box Elder County Utah in any coin! any Intermediate or currency which on the respective the surrender to the obligor or any of the obligor of this Bond and dates of payment thereof is legal ten- agent der for the payment of public and of each of the coupons shall be a to the obligor of the gcod discharge private debts ' same This Bond is one of a series of It is hereby certified recited and Revenue Bonds by Gardeclared that all acts conditions and land City in the aggregate princithings necessary to be done precedent Thousand pal amount of Thirty-tw- o to the issuance and essential to the Dollars for the purpose of validity of this Bond have been done ($32000) replaceconstructing Improvements and performed and have happened in ments and extensions to Garland regular and due form and that every City’s waterworks system by virtue of requirement cf law affecting the isa majority vote of the qualified elect- suance hereof has been duly complied ors of said City voting at a special with election as required by Article XIV IN WITNESS WHEREOF Garland Section 3 of the Constitution of Utah City has caused this Bond to be signduly called and held on the 19th day ed by its Mayor countersigned by its of September A D 1936 and by virTreasurer and Recorder and its tue of Ordinance No 2 of the City corporate seal toCity be hereto affixed atCouncil of said City duly passed and tested has by the City Recorder and adopted on the 21st day of September also caused tive annexed to coupons A D 1936 and pursuant to the Conbe authenticated by the facsimile sigstitution and Laws of the State of nature of the Mayor and facsimile Utah including particularly Article countersignatures of the City RecordXI Section 5 Constitution of Utah er and Treasurer and this Bond to and Chapter 22 Laws of the State of be dated as of the first day of SepUtah 1933 Second Special Session as tember A D 1936 amended commonly known as the Alfred Michaelis “Revenue Bond Act of 1933" As reA State (4) Issued quired by Section 3 of the said Revenue Bond Act of 1933 it is hereby stated that this Bond is issued under the provisions thereof and that it does not constitute an indebtedness of said City within any State constitutional or statutory limitation provision This Bond ' ts payable as to both Sam — Mayor (SEAL) COUNTERSIGNED Ethel Rogers City Recorder Hurold Persson City Treasurer CtjteA AND ATTESTED: Seven j £otm) Vttance telephone jude one hum even unfit felf ogfa 7pmcuvdoM 5cm on 5undcu 1 One who voucher vouches VOUCHER" Means What It Says “Voucher” as applied to cancelled checks is a reminder that they stand ready to vouch for you in case of questioned payment The endorsement of the payee on the back and our cancellation are evidence in a court of law — evidence seldom questioned If you do not already use checks to pay personal and business bills come in and find out how conveniently and economically you can obtain this protection Bear River State Bank FEDERAL MEMBER COUP DEPOSIT INSURANCE INSURANCE FOR EACH DEPOSITOR $5000 MAXIMUM E WELCOME ALL NEW BUSINESS (FORM T OF COUPON) $2000 No On the first day of March— Septema Garland City A D 19 ber in the County Corporation Municipal of Box Elder State of Utah will pay In the manner described in the Bond to to which this coupon it attached the bearer hereof' at the office of the City Treasurer at Garland City Utah ($2000) Dollars in any coin Twenty or currency which on the date of payment hereof is legal tender for the of public and private debts payment months1 interest on its being six (6) Revenue Bond No Waterworks 1936 dated September and This coupon is issued under and pursuant to the Constitution Laws of Utah including particularly 5 the Constitutof Section Article XI 22 Laws of ion of Utah and Chapter the State of Utah 1933 Second as amended Session by Special The Chapter 74 Laws of Utah 1935 interest represented by this coupon shall be payable solely from the net revenues of the waterworks system of Garland City and does not constitute within an indebtedness of said City any constitutional provision or statutory limitation of the State of Utah Facsimile signature) Mayor (Facsimile countersignature) City Treasurer (Facsimile countersignature) City Recorder (There shall be endorsed on each of said Bonds by the City Recorder the following:) I hereby certify that this Bond is within the lawful debt limit cf Garland City and Is Issued according to law Ethel Rogers City Recorder Section 4 That there is hereby created a special fund to be known as the “Waterworks Income System Fund of Garland City” (herein called into which shall the "Income Fluid”) be paid from and after the date of of the waterworks system completion all income derived from the operation of said system As long as any cf the principal of or interest cn any of the Bonds herein issued is outstanding the Income Fund shall be adminiBefore stered as herein provided any of the monies in such fund is used for any other purjiose in any month there shall be paid: to be (1) Into a separate account known as the "Waterworks System deration and Main t e n a nee Fund of Garland City" (heiein called the "Operation and Mainan amount suftenance Fund") ficient to pay all reasonable expenses of operation and maintenance cf the system for such month The monies in the Operation and Maintenance Fund shall be used only for the payment of the legitimate costs of operation and maintenance of the system and the reasonable expenses or cf any betterments replacements necessary td keep the same in good repair and working order to be 2) Into a separate account Bend as the "Waterworks known of and Interest Sinking Fund Garland City” (herein called the herein "Bond Fund") the amount Bond to be paid into the required Fund in such month There shall in be paid into the Bond Fund approxiiiaie’y equal monthly installments (after making the above into the Operapayment required an Fund tion and Maintenance amount equal to one hundred 100': per centum of the amount required to pay the Interest and falling due on payments princlfml or before the next maturity date of any of such bonds and in addition thereto an amount at least equal to ten 10) per centum of said amount such additional payments to be continued until there is in such Bond Fund an amount sufficient to meet the Interest and principal payments falling due on or before the next maturity date of and such bonds and the interest due falling principal payments thereon for two years thereafter such additional of The purpose payment Into the Bond Fund shall be to provide a reserve to meet posdeficiencies therein sible future No payment need be made into the then Bond Fund if the amount is equal to the contained therein entire amount that is then or will thereafter become payable on all and interest Bonds of the said If in then outstanding coupons the any month for any reason fall to pay Into said City shall above Bend Fund the full amount stipulated then an amount eoual to any deficiency in the amount in ru'h paid into the Bond month shall be added to the amount otherwise rec died to lx paid into the Bond juiu ui Hi The month next succeeding monies in the Bond Fund shall be used solely fer the purpose of paying the interest on and principal Issued hereunder of the Bonds Bond Fund In the The monies shall be depsited in a bank or with the probanks in accordance visions cf the State Depository Act remaining in Any surplus monies any month in the Income Fund aftc: intr the payments have been made Fund the Operation and Maintenance and into the Bend Furd as herein required may bd used as the City in ctnlcrmit Council may provide with the Laws of the State of Utah Section 5 That the tends herein to be issued shall be exe authorized cuted by the Mayer City Reccrdoi and City Treasurer cf said City in the manrer herein provided and said ofand dificers are hereby authorised rected to sell and dispose cf the said to the United bends or any thereof and tc make deStates cf America livery cf the sad bonde to the said purchaser upon receipt of the princithereof 'ameunt plus armied pal to the date of payment and tu do any and all things which may be required by the said United Sia'es cf such sale- - Ex America to eensumate eept when scid cry dispessd- of to- th: F:1 SEPTEMBER 25 1936 or to some United States of America thereof created by the Conagency gress of the United States the bonds shall be sold only herein authorized after advertisement and upon bids at least ten days’ notice by newspaper advertisement in some newspapei having general circulation in Garland City to be given The proceeds from the sale of the Bonds shall be deposited promptly upon the receipt of such proceeds in a separate account in a bank or banks which are members of the Federal Reserve System and of the Federal Deposit Insurance Corporation is hereby and the City Treasurer to deposit authorized and directed such proceeds in such bank or banks: All monies in such special account or accounts shall be used solely for rethe construction of Improvements and extensions to the waterpairs works system as described in Section One hereof and including any architectural engineering legal and other incidental thereto and any expenses therefrom tounexpended balance gether with any accrued interest from the balance of such bonds and such part of any grant as may be made by the United States of America which it may require so deposited shall be Bond Fund paid into the aforesaid hereinbefore provided for Provided that any unexpended balance remaining in such account after the completion cf the project shall be paid into the Bond Fund and shall be used soleof the Intel est on ly for the payment and the principal of such bonds or in the alternative for the acquisition of outstanding bonds of such issue at a price exclusive of accrued interest' not exceeding the face amount t herein Any bonds so acquired by purchase sliall be cancelled and not reissued No withdrawal shall be made from such special account or accounts and no payment made from the monies herein provided to be paid into the Band Fund as provided except herein Section 6 That it shall be the duty of the City Council to cause a separate accounting system to be set up and maintained for the waterworks the same to be kept by the system and City Recorder said Recorder shall keep proper books of records and accounts in which complete and correct entries shall be made of all transactions relating to said system The City shall furnish to any holder or holders of any of the bonds upon Written request of such or holder holders not more than thirty days after the close of each six months' fiscal period complete operating and income statements of said system in reasonable detail covering such six months' period and not more than sixty days after the close of each fiscal year complete financial statements of the said system and the City covering such fiscal and year certified by auditors of the City Section 7 That the rates for the services furnished by such waterworks (ystem sliall be reasonable and uniform with respect to class at all times It is hereby expressly covenanted and agreed by Garland that such City rates will be established as will be to revenues suffiprovide adequate cient for the payment of the interest on and principal of all such revenue bonds as and when the same become due and payable to cieate a Bond Fkind (as hereinbefore provided) to provide for the payment of the expenses of administration and operation of said system including insurance and such expenses for the maintenance to of the system rlecessary preserve thp same in good repair and to build up a reserve order working for depreciation and to build up a reserve for improvements betterments and extensions other than those necessary to maintain the system in good repair and working order None of the facilities afforded by the waterworks system shall be furnished without a reasonable charge betherefor In the event that ing made the City or any department agency or instrumentality thereof shall avail Itself of the facilities or services afforded by the waterworks system (including the use of fire hydrants for fire protection and other purposes) the reasonable value of the facilities or services so afforded shall be charged against the City or such department agency or instrumentality and shall be paid for as the charges therefor accrue so received Thq revenue shall be deemed to be revenue derived from the operation of the waterworks systm and shall be used and accounted fer in the same manner as any other revenues derived from the operation cf said system It is hereby further covenanted and agreed that if such rates at any time become insufficient for the purposes they shall b3 revised and fixed in a manner to produce revenues sufficient for such purposes however that the rates provided shall net be in exacts cf a recnonablc ' rate fer the sen Ices rendered Section 8 That said City shall maintain the waterworks in system and condition shall operate the gcod same in an efficient manner and at a reasonable cost As long as any of the bonds herein authorized to be is nied remain outstanding said City shall maintain Insuiance cn the waterworks system for the protection cf the holders cf such bonds of a kind and in an amount which would usually be carried by private in the ©Deration of a similar system Such Insurance shaT be not less in amount than is sufficient to put the (ystem into good operating condition after the of event happening any a gainst which ial1 system shall be insured Any proceeds re reived from such insurance after the lnppcning of any such event shall be injmelatrly uied for the purpose of putting Into good qieratlng rendition Ly the repair and replacement of any part parts or the whole of such tmi which may be damaged ordes-cr if such proceeds together twyed with any oth-- r funis aveiiab’e for the purpose shall not- lie sufficient to place - the- - system in geed - operating- Garland inCity Box Elder CcmntyA condition such proceeds shall be Utah this 21st day of September vested in such obligations as are legs D 1936 APPROVED: Investments for sinking h Alfred Michaelis cities and towns of the State of U is hereby thereof Mayor and the income prinpledged to the payment on ofthethe bonds (SEAL) Interest of and cipal ATTEST: Such proceed hereunder authorized Ethel Rogers shall be kept invested until such time City Recorder as funds which together with S1G OF CITY CERTIFICATE put th RECORDER proceeds shall be sufficient tocondition elected system tn good operating I Ethel Rogers the duly shall be available for such purposebe aualified and acting- City Recorder of at which time said proceeds mayused Garland City Box Elder County and Investment atwithdrawn from Utah do hereby certify that the for such purpose or until such time tached eleven pages containing a as the outstanding principal and in- copy of Ordinance No 2 have been a terest on all of the bonds herein contain and with me compared by authorized to be issued and then out- full true and correct copy of the standing has been paid whole of said Ordinance No 2 as the of as any as long Section 9 That Ordinance Us recorded in the to be same the bonds herein authorized Book of Garland Citv Issued are outstanding Garland City I have IN WITNESS WHEREOF pledge or other- hereunto set my hand and affixed the shall not mortgage wise encumber the waterworks system corporate seal of said City this 21st or any part thereof and shall not sell day of September 1936 lease or otherwise dispose of any subEthel Rogers stantial portion of the said system City Recorder and that it is hereby covenanted that (SEALt so long as any of the bonds authorized by this ordinance are outstandTHREE PtVA ORDINANCE NO ing no bonds or ether obligations ESTABLISHING AN ORDINANCE payable out of the revenue of the WATER RATES TO BE CHARGED system prior to or on a parity with USERS OF GARLAND CITY BON the bonds authorized by this ordinAND REELDER COUNTY UTAH ance will be issued IN ALL ORDINANCES PEALING 10 Section That any purchaser of CONFLICT HEREWITH principal 25 per centum in aggregate Garland City Box WHEREAS amount of the bonds at the time then an has Utah adopted County outstanding fiom the original purissuairr chaser1 thereof or any holder or holdproviding for the ers of 25 per centum of the bonds at and fuF of ifi icienue bonds for t1 e shall have the purpose of defiajmg in part the rs: any time outstanding reof into reasonable all times at constructing improvements right and extensions to its spect' the waterworks system and al1 placements and records accounts and data of Gar- existing waterworks system it is desirable to WHEREAS land City relating thereto 11 Section That the City Recorder tablish rates to be charged water of Garland City shall make and keep users under said system NOW THEREFORE issued BE IT ORa list of the revenue bonds the DAINED BY THE CITY COUNCII under this ordinance showing OF GARLAND CITY BOX ELDER facts required by law 12 Section That this ordinance COUNTY- UTAH as follow's: SECTION shall be and remain irrepealable until That in full conformity with th the interest on and principal of said revenue bonds shall have been fully Constitution and the Laws of the a State of Utah and particularly Chappaid satisfied and discharged ter 22 Laws of Utah 1933 Second herein provided Secial Session commonly known as Section 13 That all ordinances or parts there- tiie “Revenue Bond Act of 1933” laws and regulations of of of Garland City in conflict with amended by Chapter 74 Laws of Utah 1935 the following schedule of this ordinance are hereby repealed 14 Section That it is hereby declar- rates to be charged users of water of senthe waterworks system clauses ed that the sections of Garland tences and parts of this odinance are City is hereby established and such severable are not matters of mutual rates are to be hereby declared cl and reasonable essential inducement and uniform any with respect them may be exscinded by any court to class for the type of service to a in said rates to be charged fo: exercising final purisdiction cause if this ordinance would other- said service being as follows: wise be unconstitutional or ineffectThe minimum charge for each ive it is the Intention hereof to comconnection shall be $200 per ply in all respects with the Constitumonth if tion and Statutes of Utah and SECTION 2 clauses any one or more sections All water bills shall be sentences and parts of this ordinance able on or before the due and payshall for any reason be questioned in each month at the officefirst day of of the City any couit and shall be adjudged un- Treasurer in Garland constitutional or invalid such judge- bills are not paid on City beforeIf said th or ment shall not affect impair or in- tenth the month a penalty o: of day validate the remaining provision ten per centum of the amount therethereof but shall be confined in of shall be added to such bills and if to the specific provision or such bills are not paid on or befnr so held unconstitutional or provisions Continued on page 5 invalid and the inapplicability or inof senvalidity any sections clause tence or part of this ordinance in any one or more instances shall not be taken “to affect or prejudice in any or validity in way its applicability any other instance Section 15 That this ordinance immediately upon its passage shall be approved and authenticated by the Mayor o f Garland City attested under the corporate seal of said City by the City Recorder and shall be published in "The Garland Times" a newspaper published and of general circulation in said City as provided in said Revenue Bond Act of 1933 as amended and shall be recorded in the Ordinance Book of said City together with Proof of Publication thereof The issuance of the bonds having been authorized by a majority of the qualified electors of Garland City this ordinance shall be in full force and effect upon its adoption and publication as provided in Chapter 74 Laws of Utah 1935 vote of Adopted by the affirmative the members of the City Council of Saturday and All Next Week Auto Repairing M THE BIG ANNUAL ALL UTAH SHOW -- Work Guaranteed AT MONEY SAVING Good PRICES CL!F In Rear Record-Breakin- g Ex h i bits In All Departments c VANFLEET GarLnd Eluc Lite Service Entertainment Fo r Everyone! Women s Headquarters ” “ For The Entire Valley — Ccme See the Beautiful New Fail Clothes — A Full Lino cf School Druses is on Display TIE LA ORA ' SHOP Trcmonton The Exclusive Utah Women’s Stow |