OCR Text |
Show SUN CHRONICLE, Oct. 7, 1 976, Page 1 5 Legal notice cont. y holder or purchaser pursuant to this Ordinance, the Bond, the First Mortgage, the Lease and related documents shall also be deemed to extend to any participant under any form of participation certificate which may be issued to other institutions. 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 anything therein suggests a meaning contrary to the express language of the Ordinance. Section 18. Filing with IRS. The City shall execute and file through its Mayor such letters and other documents as Bond Counsel may require, if any, evidencing to the Internal Revenue Service the City's election to treat the issuance of the Industrial Development First Mortgage Revenue Bond as an exempt small issue under Section 103(c) of the Internal Code Revenue and regulations thereunder. facilities, together with tools, fixtures and other appurtenances (all herein sometimes referred to as the Project), or the payment of any interim financing or reimbursement to the user of funds applied for such purposes, and to same the leasing FREEPORT COLD herein), corporation organized and existing under the laws of the State of Utah, for use by Freeport pursuant to a lease dated as of Oct. 15, 1976, or the date issue (Lease herein) hereof, by and between the City and and paying all Freeport expenses in connection with the authorization, sale and issuance of the Bonds, all to be accomplished for the promotion, stimulation and development of the general Annotated, 1953, as amended; (b) an Ordinance heretofore enacted by the City on the day of , 1976; (c) the Mortgage, also authorized by said Act and said Ordinance, executed as of Oct. 15, 1976 or the issue date hereof, by the City and for the benefit of Mortgage Resources, Inc., which is also the Bondholder; and (d) the aforementioned Lease. Reference is hereby Code the right to contest the legality of this Ordinance of the Bond which may be authorized hereby, any provisions made for the security in payment of the Bond or of any contract or made to said Ordinance, lease authorized herein; and Mortgage, and Lease, and to after the expiration of said all amendments and supthirty (30) days, no person plements thereto, for the shall have any cause of action provisions, among others, whatever to contest the with respect to the nature and regularity, formality or extent of the security, the the duties and legality of this Ordinance or rights of any agreement or obligations of the City, document authorized hereby. Freeport and the Bondholder Section 20. Effective Date. and the respective successors This Ordinance shall take thereof and the terms upon effect upon expiration of the which this Bond is or may 30th day following publication become issued and secured. of this Ordinance as above The principal and interest, due or tq become, due oa, this , bnc , ,s i:r. r. ' on." Rond are payable solely from :rM H umi United States of America the rentals and other State of Utah revenues to be derived from the Lease pertaining to the County of Davis Project, and the payment of Clearfield City First Morsaid principal and interest has been and is secured by a tgage Industrial Development pledge and assignment of all Revenue Bond such rentals, together with a Series of Nov. 1, 1976 lien on all property forming a $1,500,000 Principal Amount part of the Project, all of Hiis bond represents a which is more fully defined in limited obligation of Clear- the Mortgage to which field City and does not con- reference has been made. stitute or give rise to a The Bond represents limited general obligation or liability obligations of the City as or Clearfield City or a charge herein elsewhere certified against its general credit for and does not now and shall never constitute an intaxing powers. . , , CLEARFIELD CITY, a the State of body politic of Utah (the CITY herein), for value received, acknowledges itself to be and indebted hereby promises to pay to the holder hereof from the source and on the dates as hereinafter provided, and not later than sum of One the principal Million Five Hundred Thousand Nov. 1, 1991, ($1,500,000) dollars and in like manner to pay interest on said sum from the date hereof at the rate of eight and percent (8.75 percent) per annum on Dec. 1. 1976, and monthly thereafter on the 1st day of each month until said principal sum and accrued interest are paid, three-quarte- except as the provisions set forth hereinafter regarding redemption prior to maturity may become applicable hereto; both principal of and interest on Ins Bond are payable in lawful money of the United Mates of America through Hie office of Mortgage Uesources, Inc., 315 Euclid Henue, Cleveland, Ohio 11114. The Bond is the sole bond of .hi authorized issue limited in amount of principal and issued .500,000 nit horized to be issued for the purposes of paying the costs "I acquisition provement of and land buildings in Clearfield Davis County, Utah, acquisition, construction installation thereon of im- and City, and and cold and and Morage processing packing equipment inrelated commercial, and dustrial, warehousing exceptions under applicable state law. The holder of this Bond shall have no right to enforce foe provisions of foe Mortgage or to institute action to enforce the covenants therein, or to take any action with respect to any event of or to default thereunder, institute, appear in or defend any suit or other proceedings with respect thereto, except as provided therein. and the persons therein named were present at said meeting and voted as therein The Bonds principal balance may not be prepaid shown. IN WITNESS WHEREOF, during the first five (5) years. and welfare economic Subsequent to this initial I have hereunto set my hand prosperity of the citizens of pqriod, the Bond may be and affixed the official seal of Clearfield City and to achieve redeemed in whole prior to Clearfield City, this 29th day greater industrial develop- maturity in the years and at of September, 1976. ment in the State of Utah. the redemption prices (exBonnie S. Hodge This Bond is issued puras percentages of the Recorder pressed suant to and subject to the amount of the SEAL principal provisions of: (a) the Utah Project Bond remaining Published one time in foe Industrial Facilities Act, outstanding as of the Sun Chronicle and ClearChapter 17 of Title 11, Utah redemption date) set forth as Roy field foe week of Oct . promulgated Recorder The provisions hereof shall manner be construed to authorize public distribution of or public trading in this Bond or any participation therein except in compliance with or an exemption from applicable state and federal securities laws. This Bond is issued without registration under Section 3(a) (2) of the Securities Act of 1933, and in no INC. similar a STORAGE, (Freeport chosen, qualified and acting Recorder of Clearfield City. State of Utah, do hereby certify that the foregoing fifteen (15) pages, together with five (5) pages of Bond Form, are a true and cbrrect copy of an Ordinance adopted by the City Council of Clearfield City in proceedings at a regular meeting of said Council at its chambers in Clearfield City, Utah, held pursuant to due, legal and timely notice served upon all on members Council Tuesday, the 28th day of September, 1976, at the hour of 7 p.m., as recorded by me in foie regular official bode of records of the proceedings kept in my office and that said proceedings were duly had and taken as therein shown, and that the meeting therein shown was duly held Freeport. distribution Section 19. Publication. The for City shall provide publication of this Ordinance in a newspaper of general circulation in Davis County, Utah on the first reasonably possible day of publication following enactment of this Ordinance. For a period of thirty (30) days after the date of such publication, any person in interest shall have u time to time to the City and debtedness of the City within the meaning of any state constitutional provisions or statutory limitations ap-- . pertaining to municipal in- debtedness, and the obligations represented by this Bond shall not give rise to any pecuniary liability of the Rental City whatsoever. payments sufficient for the prompt payment when due of the principal and interest on said Bond are to be paid by Freeport to the City through direct payment to the Bondholder to be used for timely payment of the Bond. Pursuant to the authority vested in Clearfield City under Section Utah Code Annotated, as 1953, amended, the City acting for an on behalf of the State of Utah, does hereby pledge to and agree ith the Bondholder that foe State of Utah will not alter, impair or limit the rights vested hereby until this Bond and all interest payments thereon have been fully met and discharged. Payment of interest will be made when due according to the proper calculation thereof in connection with the monthly payment of principal and interest required by this which may be Bond, calculated on an amortization Courier, follows: The fifth through the ninth year at 103 percent the ninth through 6-- Airman the eleventh year at 102 percent; and the eleventh through the fifteenth year at 101 percent. The Bond is issued as a Section Revenue under of the Internal Code of 1954, as amended, and regulations issued thereunder. If for any the in- terest paid hereon shall Utah Education Association What kind of person makes teacher. They even asked the best teacher for your some school children what other teachers. child or mine? Each is different in apthey thought. One high school student pearance, personality, What's the best attribute? Charm? Strictness? Beauty? said a great teacher has to teaching methods and many The wisdom of age? Humor? have "charisma, whatever other traits and qualities. Ive seen quiet, unobtrusive that is. Dynamism? Concern? who can make Others and teachers said, youve Enthusiasm? A casual air? of the most un succeeders felt this same way probably Sternness? Personality? about some teacher youve Recently, a group of of- had, that a teacher should be ficials from the U.S. Office of tough. Another said a strong Education speculated on the r is good disciplinarian-teachea that make good things Tfilt motivated youngsters in teachers can bring out the best in kids the same way some teachers do in less rigid circumstances. Ive seen teachers of virtually every description perform magic with young people, and it has led me to a very strong conviction. Office of The U.S. Education or anyone could research this matter until 2076 and still fail to come up with any pat formula for the best type of teacher. s Hill AFB worker A has been elected national secretary of the Air member Force 160-00- 0 Association. Jack Price of Clearfield and chief of the Missile Production Branch at Hill AFB was elected to the high position at the national AFA convention in Washington was among those from the Utah area receiving high awards. Capt. Terrance Spratlen was presented the Air Force Airman CLEARFIELD Command Junior Carl E. Holt Jr., son of Mrs. Logistics Award at the Management 750 W. 229 A. of Holt Patricia conventions award night. N., has graduated with Utahns receiving awards honors at Sheppard AFB, were Robert Walker, Tex., from the U.S. Air Force who is a Kill AFB Clearfield, medical services course Mrs. William Kyle conducted by the Air employee; and Robert Bauter both of Command. Ogden, and Leigh Hunt, Salt Lake City. The Utah AFA was honored at the convention for its Bicentennial programming. James Taylor of Farmington is the Utah president. HOOPER Marine Private First Class Taft G. Meyer, 20, son of Mr. and Mrs. Floyd G. Meyer of 4917 W. 4000 S., has reported for duty at the Marine Corps Logistics Support topless, We re getting ready to print the new telephone directory. If you need to make any changes in your listing in the White or Yellow Pages our business office will be happy to assist you. and can advise you if any charges are involved But please call our business office now The deadline is soon Base, Barstow, Calif. Mountain Bell A 1974 graduate of Roy High School, he joined the Marine Corps in February 1976. HIEEroRaUFREEFOnAUFnEEroRaUFREIFOnaUFRHRlIffOnnU H 2 YEAR 25,080 PIE GET IN ON THE MAZDA FREE FOR ALL E3 MZM Worker given Mazdas fte. 2 1 year25,000 mile FOR ALL FREE wfvicf'Frtf Free pam-Fre- e on all new rotary cars labor trucks pin CUTRUBUS FREEWAY ar thereunto duly authorized, by facsimile or otherwise, and its corporate seal to be affixed hereto, and has caused the interest coupons attached hereto, if any, to be executed and attested by the signatures of said officers, by facsimile or otherwise, all dated as of the , 1976. day of Clearfield City Corporation By- - Mayor Attest: j 843 W. Rivordol Rood (Passed March A joint resolution proposing to Amend Article IV of the Constitution of the State of Utah; Relating to elections and right of suffrage; Amending Section 2 to decrease the minimum voting age to 18 years in all elections and reducing the durational residency requirements for voting; Amending Sections 3, 4, 5, and 6, to Replace Electors by Voters; and Amending Section 7 to remove the reference to property qualifications to vote. Councilman E. Gene Fessler seconded adoption of the foregoing Ordinance and the same, on being put to a vote, was unanimously carried by the affirmative vote of all Councilmen present, the vote being as follows: E. Gene Fessler Aye Neldon Hamblin Aye Raymond L. Adams Aye Gerald F. Heaton Aye schedule calling for subAfter conducting of other stantially equal monthly business not pertinent to the payments of Ordinance, on motion duly ) until the ($ adopted, the City Council final balloon payments of adjourned. ($ O. Ross Sanders on Nov. 1, 1991. Said Mayor amortization schedule shall Attest: be attached hereto and in- Bonnie S. Hodge herein. The Recorder corporated principal and interest of this Bond shall be payable to the State of Utah ) proper owner and holder of ) ss: this Bond as such owner may County of Davis) designate in writing from I, Bonnie S. Hodge, the duly 12, 1975) Sec. 5. No person shall be deemed a qualified elector voter of this State unless such person be a citizen of the United States. Sec. 6. No idiot, insane mentally incompetent person or persons convicted of treason, or crime against the elective franchise, unless restored to civil rights, shall be permitted to vote at any election, or be eligible to hold office in this State. andor replaced Sec. 7. No property qualifications shall be required for any person to vote or hold office. Be it resolved by the Legislature of the State of Utah, s of all members elected to each of the two houses Sec. 7, Except in elections levying a special tax or creating indebtedness, no property qualification shall be required for any person to vote or hold office. Those words in italic are being eliminated with the underscored words. voting in favor thereof: Mayor t Section 1. It is proposed that Article IV of the Constitution of the State of Utah be amended to read: Sec. 1. The rights of citizens hold office shall not be denied Both male and female citizens all civil, political and religious of the State of Utah to vote and or abridged on account of sex. of this State shall enjoy equally rights and privileges. Sec. 2. Every citizen of the United States. 18 years of age or over, who makes proper proof of residence in this state for 30 days next preceding any election, or for such other period as required by law, shall be entitled to vote In the election.' Sec. t. Every citizen of the United States, twenty one years of age or over, who has been a legal resident of this state for six months and of the county for sixty days next preceding any election, shall be entitled to vote in the election, except that m a presidential election year persons who make proper proof of residence m this state for thirty days immediately preceding the last voter registration day may register and of the United States vote for a president and only. Sec. 3. In all cases except those of treason, felony or breach of the peace, electors voters shall be privileged from arrest on the days of election, during their attendance at elections, and going to and returning therefrom. Sec. 4. No lector voter "ball be obliged to perform militia duty on the day of election except in time of war or public danger. I I FnEEFO R ALLFREEF0RIU1FREEF0 R AUFREE FO R ALLFREE FOR ALLFREE F two-third- By 621-110- 0 ELECTION AND SUFFRAGE ARTICLE REVISION Recorder, a school. Authoritarian irtsw Clearfield man elected secretary 19-2- become subject to federal income tax at any time, the Bondholder shall have the Training Airman Holt, now trained election to ask the City, with to assist in the care and funds to be provided by of patients, is treatment Freeport, to prepay the Bond to Little Rock assigned being in full, or to continue the bond for duty with a AFB, Ark., payments with an increased unit of the Airlift Military interest rate of ten percent Command. Completion of the (10 percent) per annum. course enables the airman to Freeports obligations in this receive academic credits connection are more fully set through the Community - forth in Section of the Lease. , College of the Air Force. It-i- s hereby' certified, Airman Holt, whose father recited and declared that all Carl Holt of Ogden, is acts, conditions and things in 1975 from required to exist, happen and graduated School and Clearfield High be performed precedent to State Weber attended and in execution and delivery of the Trust Indenture and the College. issuance of this Bond do exist, have happened and have been performed in due time, form and manner as required by law and that the issuance of 10-ye- ar this Bond and the issue of which it forms a part do not Donald M. Harmon of Roy violate or contravene any serconstitutional or statutory has received a limitation of any other Bond, vice pin at Hill Air Force contract or other evidence of Base. He is an aircraft sheet indebtedness or obligations to which Clearfield City is a metal mechanic. He and his wife Ruth have party. IN WITNESS WHEREOF, four children. said Clearfield City, State of Utah, has caused this Bond to be duly executed by its Mayor and duly attested by its . when he or she leads" more than drives students. Here in Utah, the public schools have upwards of 15,000 teachers. Its safe to say that every single one of those teachers has his or her own style. And that style is different from that of all the by Dr. Daryl J. McCarty Executive Secretary with honors 103 reason whatsoever, and Home D C., Sept. A Hill AFB officer graduates tax-exem- pt obligation 1976. School Sec. 8. All elections shall be by secret ballot. Nothing in this section shall be construed to prevent the use of any machine or mechanical contrivance for the purpose of receiving and registering the votes cast at any election: Provided, that secrecy in voting be preserved. Sec. 9. All general elections, except for municipal and school officers shall be held on the Tuesday next following the first Monday in November of the year in which the election is held. Special elections may be held as provided by law. The terms of all officers elected at any general election, shall commence on the first Monday in January next following the date of their election. Municipal and School officers shall be elected at such time as may be provided by law. Sec. 10. All officers made elective or appointive by this Constitution or by the laws made in pursuance thereof, before entering upon the duties of their respective offices, shall take and subscribe the following oath or affirmation: I do solemnly swear (or affirm) that I will support, obey and defend the Constitution of the United States and the Constitution of this State, and that I will discharge the duties of my office with fidelity. Section 2. The secretary of state is directed to submit this proposed amendment to the electors of the State of Utah on November 2, 1976 in the manner provided by law. Section 3. If adopted by the electors of this state, this amendment shall take effect on January 1, 1977. |