Show ORDINANCE ORDINANCE NO an ordnance ordinance creating an indebtedness in delit in behalf of the city or of roosevelt utah ind and upon tile credit there ot of by issuing tile the degoti negotiable able coupon bonds ot of sald iid city in the amount 0 twenty five thousand dollars fol foi alie I pur purpose of securing a 1 permanent ae ut and adequate water supply tor for tile the city of 0 roosevelt and nd extending arid and improving the present mun municipal let water system said system to be owned and controlled by the munt muni cl ci pye prescribing scribing tile the form of said and providing lor for the levy of a tax on all tile the taxable property within said city sufficient to pay the ri terest arid and to extinguish the p principal rin or of such debt whereas tit in nil full conformity with ahe he arid and the laws lains of the state mate of utah litah and ord ordinances finances of the city of 0 roosevelt U utah tali and the electors of said city having authorized iced the city council to secure e i permanent and adequate water supply for the city of roosevelt and to extend and improve the municipal water system said estem myslem to be owned and controlled by the municipality arid and tor fot the purpose ot of supplying said city with vater rater as afoRe aforesaid sald have likewise authorized the city council to contract indebtedness on behalf of said try ity and on the credit thereof in the burn of twenty five thousand dollars lars tor for the purposes aforesaid and whereas the city council of said elty city deem it expedient nt to secure a more permanent and adequate adein ate water supply arid and proceed with the extension and improvement of the water works system tor for the purposes lur Ur poses aforesaid and the benefits f said water system being equal iii fit mill aid acty likewise de deem ern it expedient ind necessary to contract the indebtedness on behalf of said ity and the credit thereof by bissu ng the negotiable coupon bonds ol 01 0 the said city in the sum of 25 therefore BE IT ORDAINED INED BY THE CIT 1 OF THE CITY OF THE COUNTY OF STATE OF UTAH see sec 1 I that the city of roose elt ell utah secure a permanent and adequate water supply tor for the pres nt jilt water nater works system and extent rid nd improve the present system to such an extent and to such capacity a to the said city council may ap ear necessary for the needs of tile the inhabitants of the said city and hat said system be owned and con rolled by the said city see sec 2 that for tle lie purpose of se criag said water supply and extending arid and improving such water works estem the said city shall issue its negotiable interest bearing coupon bonds in the aggregate amount of twenty five thousand dollars 2 consisting ot of fifty ands in the denomination of five div e il lun undred dred dollars each pa payable bable in 1 awful money of the united states nd ind bearing interest from and after lie he first day of july 1918 at tile the ate of bf six per per annum a ayae ya e semiannually on the first first lays of july jilly and january in each year and evidenced by coupons at ached to said bonds said bonds shall hall be numbered in regular and consecutive order commencing with lumber one and shall be absolutely due and payable in order of lumber on the first day of july A D 1938 with the reserved right and privilege to redeem said bonds at the option of said city on oil or after the first day of july A D 1928 said bonds and the coupons attached thereto shall be payable at the roosevelt banking company in the cit lf if roosevelt utah and said bonds shall hall bear date the first day ot of july 1918 and shall lie be signed by the mayor of said city attested fly by the ity recorder under seal of said city ind countersigned counter signed by the olt citi measurer rea surer and shall be registered in book kept for that purpose by the ity recorder and said recorder shall dorse on each of said bonds the certificate required by section t f the compiled laws of utah 1907 11 coupons shall bear the facsimile fac tac simile signature ig nature of the city treasurer and is thus e executed shall lie the binding 02 0 the said city tor for the interest evi evidenced dented thereby sec 3 the said bonds and cou ons attached thereto shall be in substantially the following form FORM ov OF BOND UNITED STATES OF AMERICA TATE nate n ATE OF UTAH COUNTY OF CITY OP OF ROOSEVELT loosevelt SEVELT waterworks WATER WORKS BOND series of july list 1918 no the city of roosevelt in the county of Dj duchesne chesne state of utah hereby ic acknowledges itself to be indebted ind hereby promises to pay to bearr T tor for value received five hundred ollars collars in lawful money of the lifted states of amer america ca on tile the ferst lay ay of july A D 1938 8 with inter filter st thereon at the rate of six per bentum per annum payable eeleni manually on oil the first days day of july nd january in each year uron pre en tation of the annexed coupons nd ind this bond as they severally become me due principal and interest payable able at the roo roosevelt sevelt company roosevelt utah the city ot or roosevelt re reserves tile the right however to pay and redeem tills this bond ill at any time awrore thereof after tin the ilist t ie ii maturity dao of july 1928 this bond Is linued by tile the at t roosevilt noose vilt for or I 1 of tile the city of lie he purpose of securing a perm ine nan t to ill alit aind adequate water supply cit of 0 I 1 R cosevelt and extending extend aix v the present resent ii buntell a vater ater system said system to e c own ii ei and controlled by the municipal ry Y under aut authority and in ull full or forwith with tile the constitution ol 01 the klate ate of utah the provisions of rater title thirteen 0 twenty y lour four the compiled laws lairs of 0 utah 1901 1907 and all amendatory and supplement sup tal acts thereto and in lull full conformity with all other laws of 0 the otate of 0 utah thereunto pertaining nd in pursuance of an ordinance ol of said city duly adopted and nade a law of 0 sal said d city prior 0 the issuance of this bond and i F s hereby certified and recited thal thai he question ot of the issuance of 0 till thi ond was prior to tile the issue thereof luly july submitted to the qualified elec ors thereof ot of said city at arl an elee elec ion held therein on the ath day 0 april 1918 at which election a ma arity of the qualified electors there ot of voting on the question voted it favor of incurring such indebted ness n ess and the requirements of tin th law have been fully complied ditl by the proper officers ol of said city li ii he aie issue of this bond and that the otal olal debt ol of said city including thai tha it f this bond does not exceed an ot of indebtedness prescribed b he constitution and the laws of 0 tb UK state of utah and that provision lia ha een made for the levy and collection it f an all annual tax upon all taxable property within such city sufficient sura cien 0 pay tile the interest on and extinguish lie he principal of this bond when till th lame ame becomes due the laith faith arid and credit of the olt it f roosevelt are hereby pledged to fo he ae punctual payment daymen it of the at al and interest of 0 this bond IN TESTIMONY WHEREOF th ill city council of 0 the city of roosevelt utah has calls caused ed this bond to lie he sign ed by the mayor of said city at attested atte teste stet by the recorder thereof under sea ot of said city and countersigned counter signed by iti treasurer as of the first day of juli A D 1918 mayo attest city recorder Counter Count countersigned erst signed ned city treasurer SEAL OF COUPON no 1501 on the first day of jan january uary A D I 1 1919 the rity city ot of roosevelt DI da chesne county state of utah wll wil pay the bearer fifteen dollars it ii lawful laiful money of the united states 0 america at the Roose roosevelt bankin company roosevelt utah being si months interest on roosevelt wate bond series of july isi ast 1918 city treasurer FORM FORAI OF certificate INDOR ED ON BOND I 1 hereby certify that the withie bond is issued according to law ani am Is within the lawful debt limit of oil tl city of roosevelt utah in witness bitne whereof I 1 have hercun to subscribed my name as city re order border of the city of roosevelt anc am affixed the seal k of said city at th city of Roos roosevelt eielt this day 0 1913 SEAL city recorder Re cordet cordey see sec 4 that the slid said bonds ahei executed shall le delivered to th ur chaser thereof and said bond nd the funds raised thereby shall N b idled solely for the purpose de bribed in said bonds but the pur 1 baser aaser thereof shall in no way bs be re kusille Ou sille for tile the application or dt ii osal by said city or any officer there it of any of the funds derived florl the sale of said bonds see sec 5 that in order to meet aro an arnish funds to pay the accruing interest on said bonds on th day of january january A D and the first day of july A D there shall be levied in tin till vear 1918 on all the taxable pro port fit n said city in ill addition to tc all othe taxes a direct annual tax clen to 0 o produce the sum of fifteen gifun diun dred dollars that n sinking fund shall be created until the year 1928 that in order to gritsc he necessary funds with which tc pay my the interest due january let 1920 SO and july 1920 and there after and up tc arid and including jul 1st ast promptly as the same ac ernes there shall lie be levied in eael bac of the years 1919 to 1927 inclusive on all ot of the taxable property prope ty in sale city in fix addition to all other taxes direct annual tax sufficient to pro lira duce the sum kunf of fifteen Il hundred undree dollars in each year an said taxes when collected shall b applied solely to the payment of the interest on said bonds and tor for nr other ither purpose whatever and in ord er r to raise the n necessary 7 funds to pay ay the interest accruing on ibid leonds january 1929 aalt 1929 and thereafter the reader and j ll 11 1 vp up t 0 nc minding luding july 1918 also an 4 to fo purpose ot or creating and tilt coniti const itil tur a sinking fund to vay pay one tenth ing 88 tile the principal of 0 said londs l eacil of t therester the reater reafer there shall lie be year v levied levie it in years 1828 1928 to 7 inclusive the 8 the taxable property in or on all i 1 sald said 1 olt chit addition to all other taxes a annual tax sufficient tri to direct produce I 1 1 sum or of four thousand dali in each ot of said sal nd said taxes tates ta tes when collected rs sli ii e applied solely tor for the all a lie ie payment of 0 the interest inter sst of principal irin rInel cipal pal ot of tile the indebtedness indebted nesa so traded under tills this ordinance wi con he same shall have been full I 1 satisfied and discharged ell argela but natii lerein contained shall be so sn coil trued as to pr prevent event said cy frob Q applying any other funds that e in tile the city treasury and or that jur to purpose Pose the payment pay mento 0 lie he interest or the principal on an ands and said tax levies arold pr old or may to that extent lie ie diroll ih d and upon tb the e payment ot of I 1 he principal rin cipal or 01 any of the bonds bondi h asso hereunder ere under in said manner maliner or by aiyu th I 1 se of the sinking fund herein herell tro f aided for the said levies tor for the pal u rient nent of 0 the in interest terest on the tort paid may be diminished arid and the sums hereinbefore tied for to meet the interest ands and to discharge the when due are hereby for that thai purpose and the 16 laid aid amount for each year arball y 0 o 0 lie he included in ill the annual nation bills passed by y the he ca i bounell of said city each year yearn sec 6 it shall be the duty oft olfa nty council of said acty 4 lie he time and in tile the banner 1 d tor for by law for levying othera other 1 axes where such action is necess necesse ill 0 effectuate the provisions oath ot t ordinance with reference to totter be kit ng ot of and collecting the tois ai 1 l k ahall require tile the officers of and anata k said city to levy and extend tnt collect such taxes in t the he mum mam provided ded by law for the purt iossi seating a fund for the I 1 he be interest aud and principal olid bonds and s such uc h taxes v nhen hen collet bite sd d shall be kept for and applied appl iod nife y to the payment of the Inte antera rege d principal irin cipal as hereinbefore specified sec 7 whenever chenel er after the ero f aaion of ten years from the W aid baid bonds the city has bontya ir aid sinking funds sufficient dett ri ill available to redeem any of sil su ands arid and for that purpose and aal it ires to exercise its is option to lt teem leem the city council shall by ars set ution exercise such option ser f ng the agouni amount of bonds to test be sor j roll deemed and thereupon oa tie the 4 rea lea surer shall call la in andea and mf K said amount of NO in iu luin merical order beginning with ll 11 i numbered bond then S in tan landing ding lie he shall call in sail bl to ay iy y publishing for at least awk j a a new newspaper of general aroa tig ion in said city of 4 hi i similar paper in salt alt las e K tali a notice i stating that si he s y A te n or I 1 afore a certain date vs U y herein which shall beat be at least beasts r y P dikil ig i I 1 biays bays after the first erst r lid f y ion of said notice pay bad anil w ertain of said bonds i lumler arid and date on or bera ta 0 late odthe first publications publication 00 of 1 I 1 klic k fc lic lotice aad in case any of sucha I 1 tc re not presented for payal alK tl li L 61 i mentioned antione ia 3 a 9 afore tile the date 1 the ia uri whereby 1 lee ice at the place the p hereof they are payable ei a ands tor for their pa ment to pay aj J i i the acty treasury lien hen they are irese atel iliin lilt shall cease to tell ich bonds ille at U after the date fixed in ill ir r their redemption anti see sec S the ell city relod rec ll lale lal e a list of the bonds 19 is ced k few d bl ta gurel his ordinance as rc hist is 41 cE ze r nd d keep keel the same in ail 31 see sec 9 the bonds iss i a lis its ordin ordinance aDee sh shall all bo b edw rl fill arld t bation by ye toe city of 0 W iaan see sec 10 AU all alli 00 0 1 lie edcah l icv ot of roosevelt ill i coil coa att 1 r all ordinance are MIN horeis re I 1 re and 1111 ordinance shall M e y N of until said booda shall hale ia erest thereon mid laid and ana discharged as idad by sec 11 tills this oy its pas papas aa g lately upon of 08 to posited in tile the office offic e boot of order recorded in ill the y H lancos lances of said cw city mayor of said cit city Y and as 0 1 under alme recorder he aie city shall I 1 be aid city and rd 0 tsuda star roosevelt lie he said ellya larer published pulli shed in ill it bill emeral circulation all ifor pub I 1 I 1 callon effect upon due lo 10 0 law by V ed passed and appi offia t cr ti council of the city cit 1 nil I 1 d ay of Y it 1 I utah tali this 2 4 0 U BR city j 0 1 seal |