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Show Southern utah news Page Four pated in any way other than by When said 1949 bonds shall have the issuance of the Water and been retired said payments for Sewer Improvements Revenue current expenses shall continue ordinance adopted by the City Bonds, Series 1949, above men- to be made in thp same manner Council of said city on the 23 tioned and the issue of bonds of until the bonds herein authorized day of June, 1939, for the pur- which this is one. have been retired. After payment of the cur- pose of authorizing this bond ,IN TESTIMONY WHEREOF, and the issue of which it is a Kanab City, Utah, has caused rent expenses as above provided, part. This bond is issued under this bond to be signed by its the remainder of the revenues and pursuant to Sections 1 to 21, Maj-oand countersigned by its (herein sometimes called the inclusive, of Chapter 3 of Title City Recorder under the corpor- - "net revenues") shall be deemed 55 of the Utah Code, 1953, as ate seal of said city, and has to fall into two classes: anu'ndedrt and this bond and caused the interest coupons here-so.t'v of the net revenues the coupons hereto attached do to attached to be executed by shall be regarded as pledged to not constitute an indebtness the facsimile signatures of said the payment of. the 1949 bonds of Kanab City within the mean- officers, all as of this first day untj au ()f the 1949 bonds have ing of any state constitutional of December, 1957. been retired; or statutory limitation. Mayor (2 The remainder of the net Bonds numbered 31 to 375, in- Countersigned: revenues plus all of the surplus clusive, of the issue of which specified in the last paragraph City Recorder this is one, are subject to reof Section 12 of the 1919 bond of (Form Coupon! demption at the option of the ordinance shall lie deemed pledg-O$ city on December 1, 1967 and on Number a"d are hereby pledged to the 19 ... ... of the first day any. interest payment date thereof principal of and inhereinafter mentioned after, in inverse numerical ord- unless the on and the accumulation re- er, at the principal amount there- board is then callable for been e for the security of a of and accrued interest to the domption and shall have bonds herein authorized; this date fixed for redemption plus properly so called, Kanab City.e is of the clas to will Kane one Utah, pay of County, a premium of to as referred mafter sometimes .. .. Dollars .. (S per cent of the principal amount .. revenues pledged in' the manner and out of,,he thereof for each year or fracThe revenues pledged to the tion thereof between the date of the fund prescribed in said bond, of the 1949 bonds shall payment not otherwise, in any coin redemption and the date of ma- and be PIipd as Prided in the 19eurrecy which, at the time of d!) hond turity of each bond so redeem- or ordinance. is tender such legal payment, ed prior to maturity, provided From the pledged revenues id' that no such premium shall ex- for debts due the United States there shall be set aside in each Branch Kanab America of at of rA) the ceed four per cent (4 Bank of Salina Bank sinking fund year (the twelve State First bond of the amount principal t in the City of Kanab, Utah, or, month period beginning on being redeemed. Notice of 1 of each end-cember and at of year the the holder, not option is to be given less than thirty days prior to First National City Bank of ing on the following November, of! the date fixed for redemption New York Bank in the Borough 30) into a fund in the hands the Utah paying agent bank by registered mail to the holder of Manhattan, City of New York, hove mentioned to be designated York for interest then due of each bond which is registered e he 1957 Water and Sewer as to principal on the books of on its Water and Sewer ReveBond enue Fund" dated (hereinafter of 1957. Series Bond, the City Recorder. If any bond Bond so called redemption is not at December 1, 1957, and numbered sometimes called the Fund") the amount hereinafter the time registered as to princirequired to be paid into such fund pal, at least thirty days notice of the intended redemption there- are .ssued .under Sections 53-- l in such sinking fund year. The m shall paid into said of is to be given by registered U? ,.v3-2- t incluswe, of the Utah equal mail to the banks at which the Code, 19j3, as amended and do fund in approximately Itonds are payable and the pub- not constitute an indebtness of monthlv jnstlments and shall be d Cuirently lication of an appropriate notice City within the meaning , prfndpaP, of and interest one time in a financial news- of anystate eonstitutiona1 orsta-'o,he bonds herein authorized paper or journal published in u o y lmi a ion, and SUph bonds as may hereafter the City of New York, New York, aYor be issued on a parity therewith or Chicago, Illinois. Countersigned: the terms of Section 11 .under The City has covenanted and City Recorder agreed and does hereby conven-an- t (Form of Auditor's Certificate) hereof ' and agree that it will fix (e) 40rr of the pledged reven- I the undersigned duly quah-- ' such rates for the sale of water fied r(.maining in each sinking and acting Auditor of Ka- and water service and sewer serfund the payments year an V,mi,n bove required have been made vice and will collect and account do the with- and hereby certify alI deficits which may for the revenues to be received n bond in the exlst from ious for the sale of such water and limit of is within he lawful deb and kanab City Utah, f water service and sewer sermaki payments requird the Bond Fund have been vvtmvUr mylnp vice, that said revenues will be sufficient to make all payments shall ,H, placed ln a 23 day of June. 19o this ture in hands ,he afore having priorty in the right to the City Recorder and mentioned utah payinp agent application of said revenues and AlHUtor Ibank to be known as the 1957 promptly to pay the principal of and interest on this bohd and (Form of Registration Certifi-- 1 Vater and Sewer Revenue Bond the issue of which it forms a Reserve Fund" (hereinafter sometimes called the "Bond Repart, as each become due, and to make all payments required serve Fund) except that no pay-- ! to be made into the above menment need be made thereinto at tioned 1957 Water and Sewer any time when there shall be in Revenue Bond Fund. said fund the sum of $28,500 or This bond may be registered Section 7. That nothwithstand-- , such higher sum as may be g as to principal in the name of anything in this ordinance cified in proceedings authorizing the holder on the books of the elsewhere contained, the princi- - the issuance of parity bonds of and interest on said bonds der the terms of Section 11 City Recorded of Kanab City in be payable only out of the of. Money in said fund shall be the office of the City Recorder, such registration to be noted on net revenue derived and to be de- - used only to pay principal of or the back hereof by the City Re- rived from the system, after interest on the bonds payable corder, after which no transfer there have first lxon made from from the Bond Fund falling due hereof shall be valid unless made 80.4N of the net revenues of the at any time for the payment of on said books and similarly not- system all payments required to which there is not sufficient ed on the back hereof, but this he made for the benefit of the money in the Bond Fund. If at bond may be discharged from outstanding Water and Sewer any time the money in the Bond registration by being transferr- Improvement Revenue Bonds, Reserve Fund is used for the pur- ed to bearer, after which it shall Series 1949. In no event shall pose for which such fund is creabe transferable by delivery, but the bonds herein authorized or ted or is otherwise dissipated may be again registered as be- the thereon be the resulting deficiency shall be fore. The registration of this deemed or construed to be a gen- - made up from the first pledged bond as to principal phall not eral indebtedness of said city or revenues thereafter received not restrain the negotiability of the payable from any funds of said hereinabove required to be used coupons hereof attached by de- city other than those derived for current principal and inter-frothe operation of said sys- - est requirements, it being the inlivery merely. Each and every successive holder of this bond tern. tention hereof that there shall as while it is payable to bearer and Section 8. That as used herein, nearly as possible be at all times such holder of, each of the cou- the following words shall have in the Bond Reserve Fund the pons hereto attached are con- the meanings indicated: amount hereinabove specified. "1949 bonds clusively presumed to forego and shall mean the The amounts to be paid into such renounce his and their equities Water and Sewer Improvement fund in each sinking fund year favor of subsequent holders for Revenue Bonds, Series 1919, a- - shall as nearly as may be value without notice, and to sible be paid into the paying a- 1949 bond ordinance" shall lent bank- in approximately that this bond while so payable to bearer, and each of the the ordinance adopted onjqual monthly installments on the coupons hereto attached may be May 17, 1949, as amended on Au-- j same day of each month as the negotiated by delivery by any gust 23, 1949, authorizing the made that month into person having possession thereof, suance of the 1949 bonds; howsoever such possession may 1949 Bond Fund shall mean j tv, have been acquired, and that the City of Kanab Water and have been made from any holder who shall have taken Sewer Improvement Bond Fund, required the pledged revenues and after this bond or any of the coupons Series 1949 established pursuant all deficits which may exist from from any person for value and to Section 12 of the 1949 bond in the making of years previous without notice, thereby has ac- ordinance. the required payments into the absolute Section' 9. That from and after Bond Fund quired thereto, the Bond Reserve free from any defenses enforce- the issuance of any of the bonds Fund have and been remedied, fifty able against any prior holder herein authorized all income and cent (50! ) of the remaining and free from all equities and revenue of every nature derived per revenues shall be placed pledged claims of ownership of any such from the operation of the system in a fund in the hands of the holder. Kanab and its prior City (hereinafter sometimes referred Utah paying agent officials and the paying agent to as the are here- bank to be known as the 1957 revenues), banks shall not be affected by by pledged for the following pur- Water and Sewer System Reany notice to the contrary. poses and shall be set aside to placement and Extension Fund It is hereby certified, recited the following special funds: sometimes called (hereinafter and declared that all acts, con(a) All of said revenues shall the Replacement and Extension ditions and things required to be set aside and paid over into except that no payment exist, happen and be performed the Kanab Municipal Water and Fund) need be made thereinto at any precedent to and in the issuance Sewer System Fund, hereinafter time when there shall be in said of this bond have existed, have sometimes called the Revenue fund a sum of $25,000 or more. happened and have been per- Fund" established by the 1949 Moneys in the Replacement and formed in due time, form and bond ordinance. Money in said Extension Fund may be withmanner as required by law, that Revenue Fund shall be expended drawn and used for the purposes the amount of this bond, togeth- only as provided in the following of paying the cost of unusual or er with the issue of which it subparagraphs of this 'section. extraordinary maintenance, reforms a part, does not exceed any (b) So long as any of the 1949 pairs, replacements and extenlimitation prescribed by the con- bonds remain outstanding the sions not included in the paystitution or statutes of the State money in the Revenue Fund shall1 ment of current expenses and of of Utah, that an amount of the first be used as needed from paying the cost of improvements revenues to be derived from the month to month to the cur- or betterments to the, system water system and sewer system rent expenses of pay maintenance which will either enhance its of said city has been pledged and of the system. Such revenue producing capacity or operation and will be set aside into a spec- current shall include provide a higher degree of serial fund by said city sufficient the cost expenses of operation and main- vice. In the event that the availfor the prompt payment of the tenance of the System and the able balances ln the Bond Fund principal of and interest on this expenses of any betterments and and the Bond Reserve Fund bond and the issue of which it necessary to keep shall on any May 15 or Novemforms a part, and that the rev- replacements th same in good repair and work- ber 15 be insufficient to pay the enues of said water system and but shall exclude de- next maturing installment of sewer system have not been ing order, and preciation or interest or both, the payments into the pledged, hypothecated or antici funds hereinafter mentioned. principal amount necessary for such pay Bond Ordinance () r , 1 ( ) n , s here-bear- er one-quart- . . -, De-a- 1 Rev-nu- -' ' , t. ma-Kan- n afr T' signa-.remedie- d 'to -- spe-in- un-p- al here-sha- ll j , j interest-accruin- g m j ' d; - t-- title . ment beyond thp amount available therefor in the Bond Fund and Bond Reserve Fund shill be transferred from said Replacement and Extension Fund to said Bond Fund. (g)- After ail payments above required have been ntade in each sinking fund ear and after all deficits which may exist from previous sinking fund years in the making of the required payments into the Bond Fund, the Bond Reserve Fund and the Re-- 1 placement and Extension Fund have been remedied, the money remaining in the Revenue Fund1 shall, to the extent permitted by law, within 60 days after the end of such sinking fund year, bej transferred into the 1949 Bond Fund. Moneys so transferred shall be used promptly for the sole purpose of redeeming or for cancellation outstanding 1949 bonds in inverse, numerical and maturity order at not to exceed t he maximum call price. ( h When al! of the payments above required have been made in any sinking fund year and all deficits which may exist from previous sinking fund years ln the making of such payments have been remedied, and when all of the 1949 bonds have been redeemed or have matured and have been cam filed, the remaining mony in the Revenue Fund shall be regarded as unpledged revenues and may be used either to redeem outstanding bonds payable from the Bond Fund in inverse numerical and maturity order or for any other lawful ; ) purpose. Payments into the Bond Fund shall be made in equal monthly installments on the tenth day of each month, except that when the tenth day of any month shall be a Sunday or a legal holiday then such payments shall be made on the next succeeding secular day. Each installment shall equal one sixth of the interest payable therfrom on the next interest payment date plus one twelfth of the principal payable therefrom on the next succeeding December 1. If at any time there be a failure to pay into said Bond Fund the full aboxe stipulated, then an amount equivalent to such deficiency shall be paid into said Bond Fund from the pledged revenues available for such payment, as soon as available, and in addition to the amount otherwise required to be so set apart and paid into said Bond Fund. Whene er the amount in the Bond Fund, the Bond Reserve Fund anct the Replacement and Extension Fund is equal to the entire amount of the interest and principal that will become due on all of the bonds payable from the Bond Fund then outstanding, no further payments need be made into said funds unless necessary to replace money lost or diverted. All accrued interest received from the purchaser of the bonds at the time of the delivery thereof plus the sum of $11,250 to be taken from the proceeds of the sale of said bonds, which amount is hereby estimated to be the amount of interest which will fall due on the bonds herein authorized during the period of construction of the facilities to be constructed with said bond proceeds, shall be paid into said Bond Fund. All money held in said Bond Fund, the Bond Reserve Fund and the Replacement and Extension Fund shall be held and secured as provided by the pertinent laws of the State of Utah and the Bond Reserve Fund and the Replacement and Extension Fund may, in the discretion of the City Council, be invested in direct obligations of or obliga- tions unconc(itionally guaranteed by the United States of America maturing or subject to redemption at the option of the holder not later than 36 months from date of purchase. Section 10. That Kanab City hereby covenants and agrees with each and every holder of the bonds issued hereunder: (a) That while the bonds authorized herein or any of them remain outstanding and unpaid, the rates for all sewer service supplied by the sewer system and the rates for all water supplied by the sewer system and the rates for all water and water service supplied by the water system to said city and its and to all consumers within or without the boundaries of said city, shall be reasonable and just, taking into account and consideration the cost and value of the system and the cost of maintaining and operating the system, and the proper and necessary allowances for the depreciation thereof and the necessary for the retirement of all bonds, and the accruing interest on all such bonds as may be issued hereunder, and there shall be charged against all purchasers of said water, and sewer sendee, including said city, such rates and amounts as will be adequate to meet the requirements of this and the prehereof, all of ceding sections which revenues, including those received from the cty, shall be subject to distribution to the payment of the cost of operating and maintaining the system, to Thursday, June 23, 1939 making all payments required ordinance and any remainder ed net revenues said engineer for the benefit of au bonds hav- placed in the Bond Fund. shall take the actual net reve-nu- s oi the system for the last (g) That every officer, agent ing priority over, the bonds herein authorized in the application or employee of the city who may preceding twelve month period of all or any part of the revenues at any time be called upon to and shall-adto the figure thus of the system and to the pay- handle any part of the moneys obtained (1) the number of dolment of principal of and inter- to be used in the construction of lars which, In the opinion of est on the bonds herein authoriz- the improvemerits ahd extensions such engineer, can reasonably to be made with the proceeds of be expected to represent the aved as hereinbefore provided; (b)- .That the city will maintain the bpnds herein authorized or erage. annual net revenues of the the system in good condition and the revenues to be derived from facilities to be acquired with the operate the saihe ln an efficient the operation of the system, shall proceeds of said additional bonds and economical manner and at be bonded by a reputable bond- and (2) Such additional average reasonable cost at all times. ing company in an amount not annual net revenues as may be (c) That the city covenants less than the amount of funds anticipated by the engineer in any and agrees that so long as any! anticipated to be entrusted to futufe year or years to be deof the bonds remain outstanding such officer, agent or employee. rived from the, operation of the proper books of record and ac- The premiums on such bonds facilities already in existence. count will be kept by the city, shall be deemed operation .and In case any projected net reveseparate and apart from all oth- maintenance expenses and shall,1 nues ;be added under item numas such, be paid by Kanab City, ber (2) above, said engineer shall er reebrds and accounts, and correct entries of Section 11. That the bonds in his certificate show why said all transactions relating to the authorized to be issued hereun- additional net revenues were not system, and that the holder of der and from time to time out- available during the twelve monany of the bonds, or any duly standing shall not be entitled to th period immediately preceding authorized agent or agents of any priorty one over the other the issuance of said additional such holder, shall have the right in the application of the revenues parity bonds. at all reasonable times to inspect of the system, regardless of the (d) All payments required to all records, accounts and data time or times of their issuance, be made for the benefit of all relating thereto and to inspect it being the intention of the City bonds payable from said revesaid system and all properties Council that there shall be no nues, in whole or in part, must comprising said system. The city priority among the bonds auth- have been made in full. further agrees that it will with- orized to be issued pursuant to( (e) The additional obligations in sixty days following the close this ordinance regardless of the must mature on December 1 of of each fiscal year (the fiscal fact that they may be actually each year and must bear interyear being the twelve month issued and delivered at different est falling due on the first days of June and December of each period normally used by the city times. It is hereby expressly and covenanted that Ka- year in which interest falls due. for its general accounting pur(f) The proceeds of the additposes) cause audits of such books nab City will not hereafter issue and accounts and of the books any Bonds or obligations pay- ional obligations must be used soand accounts of the city to be able from the revenues of the lely for the purpose of making made by an independent firm system or any part thereof, improvements, extensions or adof certified public accountants, particularly, any bonds, ditions to the system. showing the receipts and dis- the authorization of which might Upon the issuance of any such bursements for account of said heretofore have been accomp- parity bonds the amount in the system, and that such audits will lished on a parity with the 1949 Bond Reserve Fund shall be inbe available for inspection by bonds of Kanab City now out- creased to that amount which the holders of any of the bonds standing under the provisions of may be provided in the proceedSuch audits, in addition to what- Section 14 of said 1949 bond ings authorizing said additional ever matters may be thought until all bonds herein parity bonds and said parity proper by the accountant to be authorized have been paid in full, bonds shall be payable from the included therein, shall include unless such additional bonds are Bond Fund and the Bond, Reserthe following: issued in such manner that they ve Fund. 1. A statement in detail of the are in all respects subordinate Section 12. That notice of pubincome and expenditures of the to the bonds herein authorized. lic sale of the bonds herein authend of such fiscal year. The provisions of the above orizing having been published in 2. A balance sheet as of the the The Bond Buyer, a newspapparagraph are subject to the system for such fiscal year. that if at any time after er published in the City of .New 3. The accountants comment the bonds herein authorized, or York, New York, and no better regarding the manner ln which any part thereof, shall have been bid having been received, at the the city has carried out the re- issued, the City Council shall find time and place specified in the quirements of this ordinance, it desirably to refund any of the sale notice, the sale of the bonds and the accountants recommend- bonds herein authorized, or here- herein authorized to the United ation for any change or improve- after issued on a parity there- States of America acting through ment in the operation of said with, or any of the outstanding the Housing and Home Finance system. 1949 bonds, said bonds or any Agency at a price of par and ac4. A list of the insurance polithereof, may be refunded crued interest to the date of decies in force at the end of the part (but only with the consent of livery is hereby confirmed. Said fiscal year, setting out as to each the holders thereof unless the bonds shall be printed and exepolicy the amount of the policy, bonds have matured or are then cuted as soon as may be and the risks covered, the name of callable for redemption and have thereupon shall be delivered to the insurer and the expiration been properly so called) and the the purchaser upon receipt by date of the policy. bonds so issued shall the Treasurer of Kanab City of 5. The number of metered refunding complete equality of lien the purchase price therefor, proenjoy water customers at the end of with the portion of the bonds of vided that said bonds may be dethe year, if any, and the number the same issue which is not re- livered at one time or from time of sewer customers at the end funded, if any there be, and the to time as the proceeds may beof the year. holders of the refunding bonds come necessary. The proceeds of All expenses incurred in the shall be subrogated to all of the said bonds shall be deposited in making of the audits required rights and privileges enjoyable by a special construction account in by this section shall be regarded :he holders of the bonds refund- Kanab Branch First State Bank of "Salina Bank of Kanab, Utah, and paid as a maintenance and ed thereby. The refunding bonds operation expense. The city shall be issued with such details a member of the Federal Deposit to furnish a copy of each as the City Council may be by Insurance Corporation, and shall such audit to the holder of any resolution used solely for the purpose provide, but no refund- be of the bonds at his request after for which said bonds are authoria at bond interest bear may zed. If upon the final completion the close of each fiscal year; and ing at a date mature nor rate higher that any such holder shall have earlier than corresponding bond of all of the work to be paid for the right to discuss with the ac- refunded thereby. The refund- from the proceeds of said bonds countant making the audit the bonds shall either be deliver- there shall remain in said concontents of the audit and to ask ing ed in exchange for the bonds struction account any of the profor such additional information refunded, or shall be delivered ceeds of said bonds, such moneys as he may reasonably require. to the original purchaser of those ;hall be used to retire so many (d) That the holder or holders bonds at par and accrued inter- of the bonds herein authorized of twenty-fivper cent (25) est and the thereof shall as may be so retired thereby; in aggregate principal amount be used to proceeds the bonds refund- provided, however, that any of pay of bonds issued hereunder at any ed. such moneys in an amount less time outstanding shall have the than shall be deposited The provisions of the first par- in the $1,000, Bond Fund. right at all reasonable times to subof this section are Section 13. That the provisions inspect the system and all rec- agraph to the further exception of this ordinance shall constitute ords, accounts and data of the ject additional obligations may a- contract between Kanab City city relating therto, and that up- that on request the city will furnish hereafter be issued on a parity and the holder or holders of to any holder or holders finan- with the bonds herein authoriz- the bonds herein authorized to cial statements and other infor- ed if all of the following condi- be issued, and that after the ismation relating to the city and tions are met: suance of any of such bonds no (a) All of the 1949 bonds must change, varation, or alteration the system as such holder or holders may from time to time have been retired prior to or of any kind in the provisions of simultaneously with delivery of this ordinance shall be made in reasonably require; (e) That the city in Its opera- the said parity bonds. any manner until such time as tion of the system will carry in(b) The net revenues as de- all of said bonds issued hereunsurance, including workmens fined in paragraph (c) of Sec- der and interest thereon have compensation insurance and pub- tion 9 hereof for the twelve mon- been paid in full. lic liability Insurance, in such th period immediately preceding Section 14. That if any secamounts and to such extent as the issuance of such parity bonds tion, paragraph, clause or prois normally carried by private must have been equal to at least vision of this ordinance shall be one and one half times the av- held to be Invalid or unenforcecorporations operating public or the same type. The erage annual future principal able for any reason; the Invalicost of such insurance shall be and interest requirements of all dity or unenforceability of such considered one of the operating bonds payable from the revenues section, paragraph, clause or procosts of the system. In the event of the system outstanding at the vision shall not affect any of of loss or damage, insurance pro- time of the delivery of such par- the remaining provisions of this ceeds shall be used first, for the ity bonds. For this purpose, any ordinance. Section 15. That this ordinance purpose of restoring or replac- of the 1949 bonds retired siming the property lost or damaged, ultaneously with the delivery of shall be published once in the and any remainder shall be paid lie parity bonds shall be consid- Southern Utah News, a newsout and distributed among the ered bonds outstanding at the paper published and having a holders of the bonds payable time of delivery. The existence of general circulation in Kanab from the revenues of the system such net revenues shall be certi- City. For a period of thirty days as the interests of said holders fied by an independent public after the date of such publicaaccountant and such certifica- tion any person in interest shall may appear. (f) That the city will not sell, tion, dated within 10 days of the have the right to contest the lease, mortgage, encumber, or date of delivery of the parity legality of this ordinance or any in any manner dispose of the bonds, shall be conclusive as to bonds which may be authorized hereby or the provisions made system or any substantial part such existence. for the security and payment The met revenues all as and (c) prothereof, Including any extensions and additions that jected over the life of the bonds of such bonds. After such time may be mad, thereto, until all then outstanding payable from no one shall have any cause of the bonds herein authorized to be the Bond Fund and the proposed actipn to contest the regularity, issued shall have been paid in additional bonds must be equal formality or legality thereof for full, both principal and inter- to at least one and one half times any cause whatsoever. Section 16. That all ordinances, est, except that (to tjhe extent the total of the average annual not restricted by the provisions future debt service requirements resolutions and orders, or parts of the 1949 bond ordinance) the of said bonds then outstanding thereof in conflict with the procity may sell any portion of said payable from the Bond Fund visions of this ordinance are to property which shall have been plus the everage annual debt the extent of such conflict, herereplaced by other property of service requirements of the pro by repealed. Adopted and approved this at least equal value, or which posed additional bonds. Such proshall cease to be necessary for jection must be prepared and 23rd day of June, 1959. Harman C. Steed the efficient operation of the certified by an independent, system, provided however, that qualified recognized consulting Mayor in the event of any sale as afore- engineer licensed to practice un- Attest: said the proceeds of such sale der the laws of the State of Utah Lula Robinson shall be paid out as required by and his certificate shall be con- City Recorder Published June 25, 1959. the provisions of the 1949 bond clusive. In determining project d . , show-comple- , , odi-nanc- e, e - ' |