Show Legal Notice t PARK CITY CITY- AN ORDINANCE I IAN AN ORDINANCE PROVIDING FOR FOIL TIlE THE ISSUANCE AND 6 CONFIRMING TIlE THE SALE OF i 4 FORTY THOUSAND DOL DOI J LARS LABS SIDEWALK I 2 I CURB GUTTER AND WATER SERVICE LINES BONDS OF PARK CITY SUMMIT COUNTY COUN TY UTAH I I WHEREAS at a a. special bond I election duly and lawfully awfully called I w and held h in Park City Summit County Utah on Tuesday Nov No November November ember 7 1 1961 1 there was authorIzed authorized author bed the issuance of negotiable coup coupon nb bonda of Park City Summit Summit Sum Sum- mit County Utah In the suni of Forty five Thousand Dollars Dollare 45 oj I for the purpose of defraying the cost of replacing and constructing con a sidewalks curb gutters rid water f lines Imes on Main i Street Heber Avenue and Park Avenue In said City Oty WHEREAS the result of said election was declared by the City Council C i ot s ld City sitting g a as aBoard a aBoard Board of Canvassers by resolution resolution tion duly passed on the day of November 1961 from which it It app appears ars that the t total t l number of I vot votes s cast at said sald election in y W favor of the Issuance of said bonds was and that the total number number of ot votes cast at said Bald election elec elect lion tion against the Issuance of said bonds was 41 showing ia majority of votes in favor Of f the issuance Issuance ance of said bonds and WHEREAS v-WHEREAS Forty Thousand Dollars of the total authorization au au- of Forty five Thousand Thousand and Dollars of bonds l were on March 23 28 1963 offer offered d n f. for Ifor sale to the State of Utah J through its Commission of Finance Finance Finance Fin Fin- ance ance which Commission notified i. i said City of ot the terms and con con- Editions on which it was 1 willing ng to r I z purchase said bond issue by a written offer dated March 29 29 1963 That the City Officials are of the opinion said bonds ma may not be sold elsewhere at a lower rate of Interest or on better terms said eald offer was accepted as the highest and best beat bid submitted WHEREAS said bonds bond have been awarded to said purchaser at nt the price of par and accrued interest t to the date of dell delivery very with no premium c f NOW THEREFORE Be De It and It Is Ia hereby ordained by the City Council of Park City Summit County Utah SECTION 1 1 That for the purpose pur pur- pose of defraying the cost of cong con con- sidewalks curb gutter land and water service lines on Main Street Heber Avenue and Park Avenue In said City together with the necessary equipment and appurtenances in and for said Park ark City which shall be owned and controlled by said sald City Oty there shall be issued sidewalk curb gutter and water service lines lines' I bonds of Park City in the amount or of 0 Forty Thousand Dollars 0 Said bonds bonda shall be dated July 1 1 1963 of the denomination of ot of Two Thousand Dollars 2000 each numbered one 1 to twenty 11 20 inclusive bearing bearing- interest from date until paid at the rates s hereinafter set out which h inter d est eft shall hall be payable July 1 1 1964 1 i and annually thereafter on the first day of July of oC each year Such Buch bonds bends shall mature serially and may be callable on any interest inter est eat date prior to maturity and shall bear Interest Intel t as follows 4 1 Num Num- Interest I bers hers Amount Year Rate 1 2000 1964 4 H 6 h. h 2 2000 1965 4 46 1 3 OO 1966 I 4 2000 1 1907 7 I I 5 2000 1968 4 I 6 2000 1969 l SrA 7 1 2000 2009 H I S 8 2000 1911 1971 I 9 2000 1 1972 1912 72 s I 96 30 0 O 2000 1973 1913 l I I 11 2000 1971 1911 4 1 gb 1 12 2000 1975 44 13 2000 1976 1916 4 1 14 MOO 2000 1977 1917 44 4 1 y 1 r 15 IG 2000 1978 1918 t l t 16 2000 1979 1919 4 1 I 11 17 2000 1980 4 1 4 2000 1981 If f 19 I 1 2000 1982 4 ss sst t 20 Q 2090 O 1983 1933 4 Both Aoth 9 h In interest t and principal shall j c cr r yr A f. f be p payable In lawful money f t the Ho United States SlAte of ot America at i IrH National flank Bank of ot Coalville Utah or at the office of ot the Treasurer of Park City Corporation Summit County Utah SECTION 2 2 Th That t said bonds and the interest coupons thereto I atta attached hed shall be In substantially the form torm I I I UNITED ST STATES TES OF Ol AMERICA STATE OF UTAH SUMMIT COUNTY l' l PARK Ant CITY I GENERAL OBLIGATION SIDEWALK SIDEWALK SIDE SIDE- WALK CURB CURD GUTTER OUTTEn AND WATER SERVICE LINES Number KNOW ALL MEN BY THESE PRESENTS that Park City Sum rait mit County Utah for value received re roo hereby acknowledge Itself to be Indebted and promises to pay to the bearer the sum of TWO THOUSAND DOLLARS 2000 on the first day of July 19 together with Interest thereon from from the date hereof until paid at at the rate rale of four tour and one one half halt percent t Hi per annum payable pay able July 1 1 1964 1 and annually thereafter on the first day of July In each year with interest falling tailing du due on and pr prior or to maturity payable pay able only upon presentation and surrender of If the attached Interest COUP coupons as B they thoy severally become due Both principal of and Interest interest inter Inter- est on bond are payable in I I lawt lawful f money money of the United StateS States of ot America at First National Nation Nation- I I al l Bank bb Coalville Coalville Utah or at the office of the Treasurer of of r Park Corporation Corpora Corpora- tion Park at the option option op Opt op- op tion of U the e holder This bond is one of oC an Issue Isue of or t twenty y 20 bonds of like date tenor tenor and effect except as to maturity ma issued for thoi the purpose of oi of the cost of ot cOIl constructing sidewalks curb gutters and nd wa- wa service un ld city to to 1 I I gether Bather with th the necessary necessary equip equipment ment and appurtenances in a and d for tor said Park City under and by virtue of and in full conform conform- I ity with the Constitution and I Laws of the tate of Utah and an ordinance duly dilly adopted by the I I I I City Council of said city on June I 24 2 1963 after having been duly I authorized at an election legally held In said City on November 7 7 1961 The City of Park City hereby reserves the right of re purchase le leIn in inverse numerical order bonds numbered 1 to 20 20 both inclusive on any interest payment date at ata a price equal to the principal amount thereof and accrued interest in terest to the date fixed for re re- purchase Interest on any bond subject to repurchase shall hall cease to accrue after alter the date fixed for Lor repurchase of said bond if notice has been properly given and funds I equal equal to the repurchase price J have been deposited with the payIng pay pay- l I Ing agent bank Notice of the exercise of the right of the City 10 to repurchase any such bond shall shail be given not less than thirty 30 I I days dUB prior to the date fixed for I repurchase By mailing an I 1 i notice by certified mall Ito I II I to the Department of Finance of I I the State of Utah and by mailing malling such a notice certified mall mail mall to the the paying agent bank I I The City Council of Park City agrees that it will annually levy I la a tax sufficient to pay the InterI interest inter- inter I est eSt on this thid bond as it falls due and also to constitute a sinking fund sufficient to pay the principal pal when due It Is ia hereby certified recited and declared that all conditions acts and things essential to the validity of this bond and the issue Is Is- cue sue of ot which it forms a part Dart do I I I I I I I ex exist it have happened and have been done and that every requirement requirement requirement require require- ment of oC law affecting the issue thereof has haa been duly compiled complied with and that this bond Is h within every debt and other limit proscribed prescribed pros pres by the Constitution and Laws of the State of Utah and that the full faith and credit ot of Park City are hereby irrevocably Pledged to the punctual payment ot of the principal of and interest on this bond according to Its ita terms IN N WITNESS WHEREOF Park City has caused this bond to be signed by Its Mayor Maor and I Countersigned countersigned b by Its City Recorder Record Record- Recorder er er wUn the seal of the city at fixed and the coupons hereto aUa attached h to be signed with the facsimile signatures of ot said of of- who by the execution I hereof do adopt as and for th their lr I own proper signatures their face fac facsimile simile signatures appearing on each of said aId coupons aU all as of th the fir t day of ot July 1963 1063 July Mayor I Countersigned ed m City Recorder SEAL Form orm of Coupon I Number n 1 On the first t day al of ot July 19 9 Park City Oty Summit County Utah I wilt will will pay to the bearer hereof at First National Bank of Coalville e 1 i wad Ut Utah b or at Ht l tU oWe office ot of t tIthe Ithe the Treasurer of ot Park City Cot Cor- n Park hark City Utah the sum ium of ot 1 Dollars u In lawful money moneT ot of the United States Slates of ot America beling be- be ling the Interest then due on Ito Sidewalk Curb Gutter and Wa Ufa ter Service Line Bond dated Jut July 1 1 1963 unless the said bond la Is lathen then callable for tor repurchase and has been so called and provision for tor the repurchase thereof duly made I I I Mayor Bond Number Counter Countersigned City Recorder Form Worm o of Auditors Auditor's Certificate j jI I I I 1 1 the undersigned duly qualified quail I tied fled and acting Auditor of Park City Summit County Utah do hereby certify that the within bond la Is within the lawful debt limit of ot Park City Utah and Is la Issued according to law WITNESS my official signature this day of 1963 of I I I I I I City Recorder and Officio ex Auditor SECTION 3 The City of Park City hereby reserves the right to repurchase in inverse numerical order bonds bond's numbered 1 to 20 20 both inclusive on any interest payment date at a price equal to the principal amount thereof i and accrued Interest to the date fixed for tor repurchase Interest on any bond subject to repurchase shall shoJI cease to accrue after the date fixed for tor repurchase of said bond If Ie notice has hOB been properly given i and funds equal l to the repurchase I II price have be been deposited deposited with I the tha paying agent bank Notice of ot the exercise e of f the right of the ithe City to repurchase tso any such Buch bond shall be be given not hot less than thirty thirty- 30 days prior to the date fixed for repurchase s by mating of an appropriate notice by certified mall mail m ll to the De Department aru nt of Finance Finance Fin Fin- i ance of oC the State Slate of Utah and by mailing malUng such a notice certified mall mail m 11 to the the paying agent bank If That each of said bonds bonds' shall h li be signed by the Jt by y the City Recorder with the seal of ot said said city affixed and the said coupons shall bear the facsimile signature of ot said officers The Mayor is hereby empowered and i m ov f W v M t directed directed Ci ct to sign and end u the City CUT Recorder to countersign and affix the seal leal of ot the city to each ot of said bonds bond And nd the a acts and deeds of ot said M Mayor and City Recorder Recorder Re Re- corder In ao so doing are and shall be bethe the Act And deed of ot Park lark City Utah All AU the covenants state state- ru representations and agreement agree ogres menU ments contained in said bonds and coupons and all aU the recitals and representations of ot this ordinance ordin ance ante are ure hereby considered and and understood and it is hereby ordered or or- tiered dered and declared that said ald covenants and promises therein are Covenants and promises of ot Park City and that the representations and statements therein are the of said saidI I City I SECTION 5 5 That to pay th the Interest falling failing due on said eald bonds as the same ame becomes due clue and also to provide a sinking fund for the payment of the principal lot of said bonds at maturity there shall be and is hereby levied on all alt taxable property in said City I in addition to all other taxes a direct annual tax to pay I the interest on said bonds bond and to pay and retire the same as hereinbefore hereinbefore here here- provided Said taxes when collected shall be applied solely for tor the purpose of the pay meat of said interest on and principal of ot said bonds respect respect- I i livelY ively and for tor no other purpose I whatsoever until the indebtedness indebtedness' I Iso so contracted under this ordinance ordin ordin-l ance anca principal and interest shall j have been fully paid satisfied and i y discharged but nothing herein I I j contained shall be so construed I Iao I I I ao as to prevent said city from applying applying ap- ap plying any other funds that may may maybe I Ibe be m ins Int t the City treasury and available avail avail- I able ifor that purpose to the pay pay- 1 mont ment of ot said uld Interest and prin-I prin cipal as the same respectively mature and the levy or levies I herein provided for tor may thereupon thereupon there there- I upon to that extent be diminished there there-I and the te sums herein provided for forto 1 to meet the Interest on said bond and io to discharge the principal there thereof l when due are hereby appropriated for that p purpose purpose Interest falling due 1964 and ond principal and Interest Interact falling due due due-at at any other time when the there ar are on oil hand from the proceeds of of i ithe the above tax levy levy- insufficient funds shall be advanced from other funds of the the City avaU available for such purpose e and such other rC U r j iii hiJ Ie F b ire reimbursed when tW 1 1 OUt Ut fait levy lifT pr proceeds proceed eed become available SECTION 6 6 That the sale lIale ot or aid said bonda bonds to the State ot of Utah a at the price of par and accrued Interest to the date ot of delivery with no premium In accordance with the terms of ot the bid sub SUb SUb-I 1 muted milled by Iby said Bald purchaser on this date Is la hereby in all alt respects I ratified and confirmed Said I bonds shall aU be delivered to the he i I purchaser as soon noon as they may maybo I bo legally issued upon receipt by the qty City Treasurer of the I agreed purchase price SECTION 7 7 That all ordinances ordin ordinances ances and resolutions resolution or parts thereof in conflict herewith be and the tame same are hereby repealed and after said ald bonds bonda are issued this ordinance shall be and reman reman re- re man until eald said bonds and the tho Interest thereon shall have ha been fully paid satisfied I and discharged as herein provid provid- ed cd SECTION 8 That It being necessary essary for the immediate preservation nation of at the peace health and I safety of ot Park City and the inhabitants in in- inhabitants Inhabitants habitants thereof that the proceeds proceeds pro pro- of the bonds bonds' herein authorized authorized auth auth- be available Immediately for the purpose herein set forth an emergency is hereby declared and this ordinance shall be in full force and effect immediately immediately 1 upon Its Ita adoption and publication PASSED by the City Council of Park City Summit County Utah this day of June 1963 I I I WILLIAM P P. P SULLIVAN Mayor Attest VIOLET TERRY City Recorder SE SEAL L. L Published in The Summit Coun Coun- County ty tyBee Bee and Park Record June 27 27 1963 1263 NOTICE TO WATER USERS I IThe The following applications have li Been en filed rued with the State Ene En En- f for r right of exchange orto or orto orto to appropriate water in Summit County State of Utah throughout the entire year unless otherwise designated d. d All locations are in to I l Right of Exchange No Richard S S. S Tann Tanner r ret et al aI 1 EBo E E. So Bo Temple Salt Lake City Ut seeks a a right t to exchange 1 l I I ft tt of ot water ter evidenced ced tit ft Applies Application |