| OCR Text |
Show 1 MEEKLY REFLEX DAVIS NEWS JOURNAL Coni) S shall further be entitled to session or control, including Out not limited to the note payments from the Company private property. Said Financing Agreement Provide for leasing or subleasing to third parties by e Company of all or part of the Project, upon advance written approval by the Trustee, and provided that the Company shall in no manner be relieved of any obligations under the note and Financing Agreement. .Said Financing Agreement shall further provide for such terms and conditions as may be mutually agreed between the City, the Purchaser and the Company for the protection of the City and the interest, fees and other costs under the Bonds, and any proceeds of reinvesting the estate, with due accounting upon request of the City for ail funds handled by it. Said Trust Indenture shall contain provisions in the nature of a deed of trust and a security agreement by which all of the interests of the Company in the Project financed by the Bonds, shall be encumbered and conveyed in trust, and the fix- tures financed by the Bonds shall become subject to a Purchaser, and providing such remedies on default security interest, for the purpose of securing payment of principal, interest, fees and other costs under the Bonds thereof as may be required or allowed by law in the transaction; and (c) Other documents, which shall be reasonably necessary or convenient for carrying out the purposes of this Ordinance, the Project and the financing thereof, including such further assurances for the benefit of the holders of the Bonds as the Purchaser may require and as may be agreeable to the City and the and for other appropriate purposes relating to protection of the City and the holders of said Bonds. Said Trust Indenture shall be duly recorded on the records of the Davis County Recorder and perfection of personal property security interests shall be handled in accor- dance with the Uniform Commercial Code. (b) Financing Agreement, by which the Project shall be held and used by the Company in consideration of the City's issuance of the Bonds, .and the covenants of the Company evidenced by one or more promissory notes for such amounts as may be sufficient over the term of the Bonds to pay all principal, interest, premium, if any, fees and other costs under the Bonds. Such note payments shall be made monthly to the Trustee, acting on behalf of the City, in sufficient amount to enable the Trustee to make the semiannual payments of principal, interest, fees and other costs under the Bonds. Said Financing Agreement Company. Section 12. Binding Covenants. All covenants, stipulations, obligations and agreements contained in this Ordinance, the Trust Inden- the ture, Agreement Financing and other documents executed in connection therewith shall be deemed to be obligations and covenants of the City and binding upon the City, none of which, however, shall create any general obligation of the City or constitute a charge on its taxable property. Except as otherwise provided in this Ordinance, all rights, powers and privileges conferred and duties and liabilities imposed upon the City by all of such documents shall be exercised or performed by the Mayor with the attest or concurrence of the Recorder except where applicable statutes or regulations would require action by contain additional the Company as covenants of may be required by the City and for the assurances of the holders of the Bonds. The Company shall execute a certificate and deliver the same to the Trustee indicating the exact date it took possession of the building under the lease. In addition, the Company will certify to the the entire City Council or other officers. No obligation or covenant of the City contained in any of such documents shall be deemed an obligation or covenant of any officer, agent or employee of the City in his or her individual capacity and neither the members of the Board of Commissioners nor any officers of the City issuing 'pr. executing the Bonds shall be personally liable on the Bonds or subject to accountability by reason of the issuance thereof. Section 13. Severability. In case any one or more of the provisions of this Ordinance, Trustee the completion of acquisition and installation of equipment, machinery, fix- leasehold tures, and apimprovements purtenances financed by the Bonds. Said certificates shall be without prejudice to the right of the Company to pur- sue contractors, supplies or other third parties for any defect, breach of warranty or contract or otherwise in connection therewith. Said Financing Agreement may further provide that the Company, at its own expense, may make alterations, additions and improvements to the Project and install equipment thereon which shall not impair the value thereof, and that the Company shall be fully responsible for making all repairs and sustaining the maintenance to the Project and all property in connection therewith during the term of the Bonds, including payment of such insurance coverage as the City and the holder of the Bonds shall require. All improvements to the the Trust Indenture, the Financing Agreement, or other documents executed in connection therewith, or of any of the Bonds to be issued under authority hereof, shall for any reason be held by any court of competent jurisdiction to be illegal or invalid, such illegality or invalidity shall not affect any of the other provisions of this Or- dinance or-o- any such f documents or of the bonds or coupons thereof, and this Or- dinance and all such documents shall be construed and enforced as if such illegal or invalid provision or provisions had not been contained therein. Section 14. Conditions Precedent. All acts, conditions and things relating to the passage of this Ordinance, to provide authority for issuance of the Bonds and execution of the Trust Inden- buildings and fixtures attached thereto shall be covered by the lien of the Trust All Indenture. replacements of equipment or appurtenances shall be of the same or better quality, may prior ture, Financing Agreement approval of the City, Trustee or Purchaser and will come and other documents necessary in connection therewith, required by the Constitution or the Act or other laws of the State of Utah, which must under the lien or security interest of the Trust Indenture. Said Financing Agreement CLEARFIELD CITY By Donal W. Townley Mayor perf- pas- sage hereof and the providing said authority, have hap- ATTEST: Bonnie S. Hodge Recorder pened, do exist and have been performed as required by which Financing be made without happen, exist and be ormed precedent to the would be normal incidents to ownership of the same made to secure payment of the principal, shall that the in connection therewith Agreement and the pledge of personal property and pnide Sl which shall come into its pos- under OCTOBER 18, 1979 andffiiShallberesponsible iialLPay any and al on the Projector any other assessments or costs administer the trust estate the fUrthe,r law. Section 15. the Recorder and all other and other agents or employees of the City are hereby authorized and instructed to do all acts and things required of them by this Ordinance, the Trust Indenture, the Financing and Agreement other documents executed in connection therewith, including the Bonds, for the full punc- tual and complete performance of all of the terms, covenants and agreements contained therein and constituting obligations of the City. In the event the Mayor, the Recorder, or any other officer of the City shall be replaced hereafter by election, resignation, removal or otherwise, or in the event a designated officer is at any time unable to act by reason of illness, disability or absence from the State of Utah, then in either such event, the duly elected, appointed or acting successor or lawful substitute, as the case may be, shall be entitled to act, including in the execution of Bonds and other documents, and such act or signature shall be fully effective and binding on the City. Section 16. Interpretation. This Ordinance, the Trust In- at said meeting and voted as therein shown. IT WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of Clearfield City this 25th day of September, 1979. BONNIE S. HODGE Recorder Published in the Davis News Journal on Oct. 18. 1979 PROCLAMATION WHEREAS, during its teen years the Job Corps has provided training for seven hundred thousand young men and women between sixteen and twenty-on- e years of age; and WHEREAS, more than fif- thirty-on- e thousand youths are nowenrolled in its inten- sive training program, learning to become responsible, ' employable, productive and WHEREAS, Job Corps enrollees receive basic education, vocational training, work and avocational experience, health care and placement services; and in- validate this Ordinance or the effect of publication hereof, and the further documents in furtherance of the Bond issue may be executed in substantial compliance herewith. The WHEREAS, the City of East Layton has the Weber Basin Job Corps Training Center within close proximity, THEREFORE, I Duane D. Johnson, Mayor of the City of East Layton, Utah, proclaim the month of October 1979 to be Weber Basin Job Corps Month in East Layton and urge all citizens to recognize the value of this program to g of our the future City, our State and our Nation. IN WITNESS WHEREOF, I have hereunto set my hand and caused my signature to be affixed. terms purchasers, holders" or bondholders as used herein shall include both the plural and the singular, as applicable. The titles to the various sections contained in this Ordinance, are for ease of reference only' and shall not be considered part of the Ordinance if any therein suggests a meaning contrary to the express language of the Ordinance. Section 17. Publication. The City shall, pursuant to Section of the Act, andor pursuant to other County ordinances, rules or regulations, provide for publication . of this Ordinance in a newspaper of general circulation in Davis County, Utah on the first reasonably possible day of publication following final passage of this Ordinance. For a period of thirty (30) days after the date of such publication, any person in interest shall have the right to contest the legality of this DUANE D. JOHNSON Mayor Published in The Weekly 18, 1979 NOTICE OF TRUSTEES SALE The following described property will be sold at public auction to the highest bidder on the 15th day of November, 1979, at 11:00 A.M., at the front entrance of the County Courthouse at Farmington, Utah, in the County of Davis, by KAY M. LEWIS, Trustee, MURRAY and FIRST THRIFT & LOAN COMPANY, Ordinance or any Bonds which may be authorized hereby, any provisions made for the security in payment of the Bonds or of any Agreement or Trust Inden- ture' authorization herein; as Beneficiary, under the and after the expiration of said thirty (30) days, no person shall have any cause of action whatever to contest the regularity, Deed of Trust made by Robert L Burton and Judith S. Burton, his wife, as Trustors, recorded April 24, 1975, as Entry No. 411799 in Book 565 at Page 316 of the official records of Davis County, Utah, given to secure an indebtedness in favor of said Beneficiaiy by reason of cer- or this Ordinance or or agreement formality legality of of any document authorized hereby. Provided, however, that the Bonds or any of them may be issued at any time after such publication without any waiting period if, in the written opinion of Bond Counsel, no legal impairment of the issued Bonds will be suffered. Section 18. Effective Date. This Ordinance shall take effect upon expiration of the 30th day following publication miff FORD V .. . fi n - i, 4 r - F-- F0nD,F-10- flip. 0, T0Y0TAS, Ml' M Hih $5200 (1 50, dual tanks, 1 Deed of Trust including fees, charges and expenses of Trustee, advances, if any, under the terms of said D&pd of Trust, interest thereon and the unpaid principal of the note secured by said Deed of Trust with interest thereon as Protests resisting the granting V ll.!s 6 cylinder ted, automatic . DEE C. HANSEN State Engineer KAY M. LEWIS, Published in The Weekly Reflex First publication Oct. Last publication Nov. Trustee 320 South 300 East, Suite Salt Lake City, Utah 1 84111 Published in the Davis News Journal First publication OcL 18, 1979 Last publication Nov. 1, 1979 The following described property will be sold at public auction to the highest bidder on the 6th day of November, 1979 at 11:00 AM. at the front door of the Davis County Court House at Farmington, Utah in the County of Davis, by SECURITY TITLE COMPANY, as Trustee under the Deed of Trust made by James R. Tanner and Jean Tanner, hs wife, as Trustors, and recorded May 8, 1978 as Entry No. 494908 in Book 706 at pages 44 of the Official Records of Davis County, Utah, given to secure an indebtedness in favor of Utah Mortgage Loan Corporation, by reason of the breach of TRUSTEES SALE The following described property will be sold at public auction to the highest bidder on the 15th day of November, 1979, at 11:00 A.M., at the front entrance of the Davis County Courthouse at Farmington, Utah, in of Davis, by KAY M. LEWIS, Trustee, and MURRAY FIRST THRIFT & LOAN COMPANY, as Beneficiary, under the Deed of Trust made by Lewis LaVal Willden and Dorothy Ann Willden, his wife, as Trustors, recorded November 14, 1978, as Entry No. 514411 in Book 738 at Page 850 of the official records of Davis County, Utah, given to secure an indebtedness in favor of said Beneficiary by reason of certain obligations secured thereby. Notice of Default was recorded July 3, 1979, as Entry No. 537142 in Book 778, Page 289 of said official records. Trustee will sell at public auction to the highest bidder in cash, payable in lawful money of the United States at the time of sale, without warranty as to title, posses- certain obligations secured thereby. recorded July 5, 1979 as Entry No. 537402 in Book 778 at page 757 of said Official Records. Trustee will sell at public auction to the highest bidder for cash, payable in lawful money of the United States at the time of sale, without warranty as to title, posses- sion or encumbrances, the following described property at Nalder Street, in the City of East Layton, County of Davis, State of Utah: All of Lots 20, 29 and 30, NALDER HEIGHTS SUBDIVISION, a sub- following described property at 3687 South Monarch Drive, Bountiful, Utah: division of part of tions LOT 29, MONARCH h HILLS NO. 3, a sub- 1 ' 'Davis of County, Utah, a plat of which is on file in the 3? " ' Recorder. for the purpose of paying obligations secured by said Deed of Trust including fees, charges and expenses of Trustee, advances, if any, under the terms of said Deed of Trust, interest thereon and the unpaid principal of the note secured by said Deed of Trust with interest thereon as in said note and by law provided. DATED this 12th day of October, 1979. KAY M. LEWIS, Trustee East, Suite Salt Lake City, Utah 1 84111 Published in the Davis News Journal First publication OcL 18, 1979 Last publication Nov. 1, 1979 NOTICE TO WATER USERS 1994 W. Ronald S. Layton, ; 15 Sec- and 22, 4 North, Township Range 1 West, Salt J Lake ' ' Meridian." 4 ,J for the purpose of paying obligations secured by said office of the County 320 South 300 .. ... 4 spds., various colors, EQUIPMENT 782-780- 5, 376-074- 8. express or implied, regarding the office of the County Recorder of Utah County, State of Utah, as Entry No. en-- cumbrances," and will be for;' the purpose of paying obliga-- : tions secured by said Trust Deed and expenses of sale for by law. j under the Deed of Trust executed by C. SCOTT HANSEN and JOYCE T. HANSEN, his wife, as Trustors, and The Lockhart Co., as Beneficiary, recorded on the 28th day of March, 1975, in Book 563, Page 379, of the official records in or title, possession W. CLARK BURT Successor Trusteed Published in the Davis News;1 Journal First publication Oct. 11, 1979 Last publication Oct. 25, 1979 - Deed of Trust including fees, charges and expenses of Trustee, advances, if any, under the terms of said Deed, interest thereon and the unpaid principal of the Note secured by said Deed of Trust with interest thereon as in said Note and by law provided. Dated: October 9, 1979 SECURITY TITLE COMPANY, Trustee By Gordon Gurr Its Sole Proprietor Published in The Weekly Reflex First publication Oct. 11, 1979 Last publication Oct. 25, 1979 NOTICE OF TRUSTEES SALE The following described property situated in Davis County, State of Utah will be sold at public auction to the highest bidder on the front steps of the nDavis County t j .i Commencing at a point which is 1540 feet North and 1900.46 feet West from the Southeast corner of Section 21, 2 North, Township Range 1 East, Salt Lake Hints I snacks, For between-mea- l give children carrot sticks, cheese, a cracker, or a glass of milk or fruit juice. Base and Meridian; thence West 319.85 feet; thence North 272.38 feet; thence East 319.85 feet; thence South 272.38 feet to the point of beginning. Containing 2 acres more or less. Get out in the open this enjoy walking, and the color and beauty of this, season. Comfortable shoes are a must. Its time for flu shots. Those 65 and over are urged to check with their doctor before cold weather arrives. For overseas travel in a group, its wise to take a fall-an- Notice of Default was recorded July 3, 1979, in Book 778, Page 327 of said official records. Purchase price payable in lawful money of the United States of America. clean blouse or shirt and necessary toilet articles in a tote bag in case lugcarry-o- Said sale will be made n without covenant or warranty, gage is delayed. REPORT OF CONDITION of CLEARFIELD STATE BANK, of CLEARFIELD in the State of Utah at the close of business on SEPTEMBER 30, 1979 Dollar Amount In Thousands-'- ' ASSETS $3,098 2,199 Cash and due from banks U. S. Treasury securities Obligations of other U. S. Government agencies and corporations Obligations of States and political subdivisions Other bonds, notes, and debentures Corporate stock . Trading account securities Federal funds sold and securities purchased under agreements to resell in domestic 630 ; 5,008 5 ; : None None - 1600 offices Loans, Total (excluding unearned income) Less: Reserve for possible loan losses ; 16,983 - 176 16,807 Loans.net Direct lease financing Bade premises, furniture and fixtures, and other assets representing bank premises . . Real estate owned other than bank premises None . 1,168 ... None.'. Investments in unconsolidated subsidiaries and associated companies Customers liability to this bank on acceptances outstanding Other assets None , None 235 ; 30,750 TOTAL ASSETS LIABILITIES Demand deposits of individuals, ,, ,, partnerships, and corporations Lj Time and savings deposits of individuals, partnerships, and corporations Deposits of United States Government Deposits of States and political subdivisions. . Deposits of foreign governments and official institutions Deposits of commercial banks Certified and officers checks, $26,868 TOTAL DEPOSITS $9,573 (a)- Total demand deposits $17,295 (b)- Total time & savings deposits . . TOTAL DEPOSITS IN FOREIGN OFFICES TOTAL DEPOSITS IN DOMESTIC AND FOREIGN OFFICES Federal funds purchased and securities sold under agreements to repurchase in domestic offices Other liabilities for borrowed money Mortgage indebtedness Acceptances executed by or for account of this bank and outstanding Other liabilities TOTAL LIABILITIES (excluding , 8,327: ; 14,810; 190 . ; 3,252,; None ,, None., 289... " None , 26,868 None None None ; ' None 213 subordinated notes and debentures) Subordinated notes and debentures EQUITY CAPITAL Preferred stock None No. shares outstanding Common stock 40,000 No. shares authorized 38,465 No. shares outstanding Surplus Undivided profits Reserve for contingencies and other capital reserves TOTAL EQUITY CAPITAL 27,08) None,; . None , 385, 1690 1.684 , None 3,669 , . 30,750. MEMORANDA Average for 15 or 30 calendar days ending with call date Cash and due from banks Federal funds sold and securities purchased under agreements to resell Total loans Time deposits of $100,000 or more in domestic offices Total deposits Federal funds purchased and securities ' sold under agreements to repurchase ... Other liabilities for borrowed money .... Standby letters of credit outstanding Time deposits of $100,000 or more in domestic offices: Time certificates of deposit in denominations of $100,000 or more Other time deposits in amounts of rMEET BRENT STONE, ONE OF OLSENS FINE SALESMEN, BRENT WOULD UKE TO INVITE YOU OUT TO OLSEN TO LOOK OVER OUR NEW 1980 CARS AND TRUCKS. BRENTS SPECIAL BUY THIS WEEK $5650 376-966- rar-mingto- n, Utah on Wednesday, November 7, 1979 at the hour of 12:00 Noon by W. Clark Burt, the Successor Trustee TOTAL LIABILITIES AND EQUITY CAPITAL 24: Heavy eeann was Notice of Default sion or encumbrances, the division 18, 1979 1, 1979 NOTICE OF TRUSTEES SALE NOTICE OF 1980 HIGH COUNTRY J.Wn-- this application provided. DATED this 12th day of October, 1979. $5600 your choice Many others to choose from! Call Leonard at 9 or Dave at or Dee at 825-160- 2. of with reasons therefore must be filed in duplicate with the State Engineer, 231 E. 400 S., SLC, Ut 84111, on or before Dec. 1, 1979. in said note and by law courtnouse uunuing, 410597: SLB&M. rAS $100,000 4 x 4 4 SPEEI) 34 TON radio, and chassis, air, AM duty f '414' ft i - S'Ut lA .ir-irtil"- $7090 $5590 ,4 GF.'C Heavy Half, Ton, for the purpose of paying obligations secured by said Trustee will sell at public auction to the highest bidder in cash, payable in lawful money of the United States at this Ordinance as above Gfi'G Vi ing to the official plat thereof. records. High Country Equipment has 35 1979 pickups just lease with the government. returned from short-terAvailable for immediate sale! All vehicles are still under warranty and have low mileage. ' R1W, SLB&M (2 mi NW of Layton); and used from Jan. 1 to Dec. 31 for the domestic purposes of 4 families; and from Apr. 1 to Oct. 31 for the irrigation of 0.5 acs. in SWi4SWi4 Sec. 18, T4N, R1W, Notice of Default was recorded July 3, 1979, as Entry No. 537143 in Book 778, Page 291 of said official DEER HUNTERS! BARGAIN HUNTERS! ll' (31-460- thereby. ATTENTION: T'lU to Appl. 53644 appropriate 0.06 sec. ft. of water in Davis County. The water is to be diverted from a well, ft. deep, at a point N. 140 ft. E. 1050 ft. from SW Cor. Sec. 18, T4N, tain obligations secured provided. GIWC3Ton, Lot KING 436, CLARION HILLS NO. 4 SUBDIVISION, accord- well-bein- Reflex on Oct. Gentile Str., Layton, UT has filed with the State Engineer, 400-60- 0 and that said proceedings were duly had and taken as therein shown, and that the meeting therein shown was duly held and the persons therein named were present denture, the Financing Agreement, the Bonds and errors herein shall not Kaysville, Utah: chosen, qualified and acting Recorder of Clearfield City, State of Utah, do hereby certify that the foregoing eighteen (18) pages, together with six (6) pages of Bond Form, are a true and correct copy of an Ordinance adopted by the City Council of Clearfield City in proceedings at a regular meeting of said Commission at its Chambers in Clearfield, Utah, held pursuant to due, legal and timely notice served Commission all upon members, on September, the 25th, 1979, at the hour of 7 oclock p.m., as recorded by me in the regular official book of records of the proceedings kept in my office applicable officers, attorneys, other documents executed in connection therewith shall be interpreted and construed in accordance with the laws of the State of Utah, with the intent and purpose that all such documents shall carry forth the matters necessary for the acquisition, construction and financing of the Project, the issuance and payment of the Bonds and performance of all other obligations of the City herein contained or referred to. Liberal construction of all thereof shall be observed for the assurance and protection of the holders of the Bonds, and any ambiguities or minor the time of sale, without warranty as to title, possession or encumbrances, the following described property at 1069 Cambridge Road, STATE OF UTAH COUNTY OF DAVIS :ss. I, Bonnie S. Hodge, the duly Officers and Successors. The members of the City Council, the Mayor, of Vlt I 10,690 NOW KEEP THAT CHEAT CM FEEUNO WITH OENUINt OM HANTS 9485y n 3,041 2,093 16,877. - 2,663 825-22- LAYTON 48 376-123- 4 . 27,119,' None, None . 10. . - : ' 2,301. 382,. Number of operating branches as of ; 3- call date I, CLEON WHEELER, Cashier, of the above-name- d bank do hereby declare that this report of condition is true and correct to the best of my knowledge and belief. CLEON WHEELER State of Utah, County of Davis ss: j. Sworn to and subscribed before me this 11th : day of OCTOBER, 1979 RICHARD A. HILL i Notaiy Public Comm. exp. j Correct-Attes- t: i HAROLD J. STEED ROBERT W. SPEIRS MORRIS HANSEN 1 Directors 645 NO. MAIN UyfSEtL or more - J: I, C B. QUINN, Chief Examiner of Financial Institutions, do hereby certify that the foregoing is a true and correct copy of the statement of the above named bank, filed in 3 this office on October 15, 1979. C. B. QUINN, Chief Examiner Of Financial Institutions 5 i: ; : |
