OCR Text |
Show THE UNITED STATES OF AMERICA STATE OF UTAH 33 COUNTY OF BOX ELDER i CITY OF TREMONTON AND SAI OF AN ORDINANCE PROVIDING FOR THE WATFRWORKS REVENUE $ 13o0J0. THOUSAND E THIRTY-FIVDOLORS ONE HUNDRED BOND SERIES OF Cllx, REVENUE BON Da OF fifi) ' MAY 1, 1950 OF PURPOSE ELDF? THS FOR UTAH. COUNTY STATE OF COX $1.000 00 EMIMPROVING, ' OF INCREASING. THESE BY MEN ALL KNOW" IvD ERGING TO TOE PRESENT WATEJj PRESENTS: WATTWOHKS PLANT AND SYSTEM OF That Tremonton City. B;x WUNTY.RTATE OF UTAH TO SUPPLY SAID ; WAIfcK Elder County. State of Utah, for WITH THEREOF A M n THF INHABITANTS i SYSTEM WHICH S'lD WATER SUPPLY AND WATERWORKS value received hereby promises BY SAID CITY; I !to lL BE i oWL-- AND CONTROLLED pay, upon presentation and BONDS: SAID AND OTHER DETAILS OF VIDYNGORF TOE surrender of this bond to the PRO bearer hereof solely from the ANDYSTFM? SlAKINO OTHER PROVISIONS WITH RESPECT 'special fund provided therefor AND THE TO THE OPERATION "OF SAID PLANT AND SYSTEM THE PAY- as hereinafter set ionn, 19un iuc , first day of May, A. D., ISSUANCE OF SAID BONDS; AND PROVIDING FOR sum rf BONDS. SAID the principal OF MENT DOLLARS THOUSAND 1950. ONE ' WHEREAS, 000 00 and to p3y solely from pursuant to they on the 13th day of April. ($1 provisions of an ordinance pass-b- for the purpose of submitting to said special fund interest hereon the Citv Council of the City such qualified electors or said at the rate cf Two and one half. three-fourth- s, three per of Tremonton. Box Elder County. had paid a property tax Two and ) i2'i-2J- -3 day of City as Der annum, State of Utah, on the Cth."lection cent next precedthe in y,;ar therein on the Mirch. 1950, a special payable was duly p.nd lawfully called and ing such ejection the following first days of May and November ; ORDINANCE NO. i i IANOE "ddSo iSimygTO cm XEa COUEClOTjm ! semi-annual- ly niant and system of said City are pledged and are to be set aside into a special fund to pay by said City sufficient when dr,e the principal of and v,o intprpst. m this bond ano v, t hirh it. forms a the net revenues and that part, have i of said plant and system inot been pledged, hypothecated or anticipated in any way other than by the issuance of tne series of. bonds of which this " bond is one. IN TESTIMONY WHtKfcur. Tremonton City, Utah has caused this bond to be signed by the Mayor, countersigned by us by City Treasurer, and attested its City Recorder under the corhas porate seal cf said City, and interest coupons caused the hereto attached to be executed with the facsimile signatures of said City Treasurer and City Recorder, which officials by the do bond of this execution own protheir for as and adopt per signatures their respective facsimile signatures appearing on said coupons, all as of the 1950. first day, cf May, uratpm-nrk- s ! n n Ml TX I n I I , V r-- v k.,. - I r5 ' Htf i-J- F THE ! LOW.pRCE Jim held in said City of Tremonton question, in each year, upon presentation :.;A. f and surrender of this bond and 'Shall Auttt works revenue bends of Tremonton City, Box of the annexed coupons as they Elder County, Slate of Utah, in tie amount of One Hundred vv--, severally become due. If upon Thousand Dollars ($135 O'JO.OIK payable serially Thirty-fiv- e payat maturity presentation Mayor annual installments commencing not later than m if ment of this bond is not made thn-Countersigned: (3) years from the date of the bands and the last shall interest as herein provided, from five (35) years maturity running not later than thirtyfiom the net revenues continue at the same rate until City Treasurer the date of the bonds, payable solely the principal hereof is paid in Attest: from the entire waterworks plant and systen of said City, U interest and full. Both ) principal Recorder City bearing interest at a rate not to exceed four per cent of lawful in money are payable interest and principal to (SEAL) per annum payable the United States of America (To be inserted in bonds numbe payable at some duly designated banicorlrust company, without deduction for exchange bered 21 to 135. both inclusive, 1 Utah to 76A be issued pursuant to Sections at the or collection charges 1956 and Code Annotated 1943. for the purpose of defraying the exBank and Trust maturing Mayl, White sidewall tires Zions to Savings the and cf adding improving, enlarging pense increasing, and wheel trim rings Utah. Lake Salt City, Comoany, water supply and waterworks plant and system of Tremonoptional at eitrt cost. reto is be shall bond bonds said of (This To suDjeci each to said of Utah, supply ton City, Box Elder County, State of the attached a coupon for each indemption at the option City and the inhabitants thereof with water, said waterCitv of Tremonton on May 1, stallment of interest contempla EIG ECONOMY works plant and system to be owned and controlled by "TEST 1955. or on any interest payment ted by said bonds, which coupons said City, the net revenues of the entire waterworks plant Great gas mileage proved in the Grand Canto at equal date price the shall thereafter, be in substantially bonds?" of to said the be Overwith to and system payment pledged yon Economy Run. There a Ford Six the principal amount thereof following form: cars. drive won from the three reto the interest accrued with of the a estimate of comprehensive and: (Form. Coupon) And with Ford's low first cost, low operating cost, a with improv-mendate, together cost of $ No. demption constructing WHEREAS, said election was resale value, it's the "Big Economy Packand betterments to the premium equivalent to one vear's On the first day of May. of its field. duly and lawfully called and held present waterworks interage" at the A. D. interest computed plant and November, and conducted in all respects bv the borne or rates est rate and of the net operating , 19 tne unless in accordance with the ' Con- system CIG POWER V-- 8 or in the year immediately hereinafter mentioned bond is the revenues to be derived from the bond stitution and Laws of the date of redemption. then redeemable and shall have Your choice of two great economy engines, the of the entire project follow-inState of Utah on the 13th day of operation in Its field the only famous is completed by Redemption shall be made upon been theretofore properly called when the system returns of the and 1950, April, Six. the less than thirty days' prior for redemption, Tremonton City, or Hs results thereof were duly made Win Templeton of Salt Lake City, not in a news- Box Elder County, State of Utah. notice a publication by competent Utah, engineer by the duly appointed, qualified SEATS CIG SOFA-WID- E by the State Engineer paper published and of general will pay to bearer in lawiui and acting judges of said oapproved Lake City, money of the United States of in eirculation Salt f which competent Utah, most the with hip and shoulder Soft, wide seats election; and is hereby found to have Utah, in the manner and upon America, without deduction for field. Seats that are "comengineer in the room of Council WHEREAS, the City manu the conditions provided in the exchange or collection charges, no connection with fort contoured" for the utmost in big ear luxury. said City of Tremonton, sitting facturer or seller of any ordinance authorizing the issu- at the machinery. Utah, , as a Board of Canvassers on or other equipment to be ance of this bond.) ) in the man Dollars ($ Monday, the 17th day of April, pipe This bond is issued by Tremon used in said project or in the In ner of the fund describout and canvassed said re- stallation 1950, duly TRI-MOTOthereof, or with any ton Citv, Box Elder County. State ed in the bond to which this R turns and by resolution duly deor corporation engaged in of Utah, pursuant to autnonty coupon is attached for interest person the clared that at said election vote of a conferred same by the majority business, and said that date on its Waterworks majority of the votes cast were engineer has estimated the cost the qualified taxpaying electors due Mai 2121 Revenue Bond, Series of May 1, in favor of the issuance of said of a at of said special voting City improvements 1950. constructing This coupon has been issued bonds; and and betterments to said water- election duly and legally caned the provisions of Sections WHEREAS, pursuant to the works plant and system at One and held In said City on the under CAR - continued on next page 1 to Hundred Thirty-Fiv- e to and 13th 1950, of provisions of Sections April, Thousand day 3 Utah Code Annotated Dollars ($135.000 00), and the net an ordinance duly enacted by 1943, the City Council of said operating revenues to be derived the City Council, for the purpose City is authorized to provide for from the entire project when of defraying the expense of inof improve- completed to be not less than creasing, improving, enlarging the construction ments and betterments to the Eleven to the water supply Thousand Nine Hundred and waterworks plant and system Seventy Dollars ($11,970.00 per and adding waterworks plant and sys and to defray the cost thereof by and the said estimate tem of Tremonton City, Box the iasuance of revenue bonds of annum, evidences the sufficiency of the Elder County, State of Utah, to said City payable solely from revenues of the system to cover suDDlv said City and tne innaD the net revenue to be derived the cost of and main itants thereof with water. This from the operation of said water. taining saidoperating and the re bond and the attached coupons system worKs plant and system; and quirements for, the principal and are issued under the provisions to WHEREAS, In full conformity interest of the bonds to be issued Of Section 76A-2with the laws of the State of hereunder. A brief description of Utah. Code Annotated 1943, and 1 the improvements Utah, particularly Sections contemplated do not constitute an indebted to 3 Utah Code and the cost thereof as estimated ness of said City within any Annotated 1943, the Citv Council by said engineer, after making State constitutional provision or has heretofore determined allowances tor some changes statutory limitation. to proceed under said act and iror.i tne original plans contem This bond is one of a series of has heretofore caused to be made plated, is as follows bonds payable from and secured by a pledge of the net revenues 400,000 gallon covered concrete reservoir $ 20 000 00 of the entire waterworks plant 1000 lin. ft. of 12" - 3 gauge steel pipe installed 4,500.00 and system of said City, all as 8030 lin. ft. of 12" - 7 gauge steel pipe, installed ... 29.700.00 provided in the ordinance autn- 8000 lin. ft of 12" - class 150 C. I. pipe, installed .... 40,000 00 orizing this bond, which amount 5000 lin. ft of 8" - class 150 C- I. pipe installed .... 16.500.00 shall be sufficient to pay the Miscellaneous valves and fittings 2,500 00 principal of and the interest on Street repair 1,000 00 said bonds as and when the same 2 600.00 pressure regulator stations complete become due and payable and Power suspension bridge 5,000 00 which is to be set aside as a $121,800.00 special fund for the purpose and Engineering and contingencies 11,200 00 identified as "Tremonton City, Legal, etc 2,000.00 Waterworks Revenue Bond Utah, Total Project Cost $135,000 00 Sinking Fund." City has covenanted and and: for three (3) consecutive weeks Said does hereby covenant and agree WHEREAS, in the opinion of In a daily newspaper published that it will fix such rates for the City Council it is necessary and having general circulation the sale of water and will collect at. this time to provide for the in Salt Lake City. Utah, the first and account for the revenues to issuance of said bonds, and the publication to h? made at least be received for the sale thereof sufficient to pay the principal City Council duly advertised for thirty (30) days prior to the date of and the interest on this bond bids therefor and has provided fixed for redemption. A similar and the issue of which it forms v for, lb sale thereof to W. O. notice shall be sent by registered a part as the same becomes due., and that so long as these bonds Goodart and Company of Salt mall not less than thirty (30) Lake City, Utah; NOW, THERE- days prior to the date fixed for or any of them, or the interest thereof, are unpaid, the City will FORE. BE IT ORDAINED BY redemption to W. O. Goodart and not issue any other bonds having THE CITY COUNCIL OF THE Company, Salt Lake an equal or prior lien on the net City, Utah to revenues of the entire water CITY OF TREMONTON. BOX Edward L. Burton & Company works plant and system, nor In ELDER COUNY, STATE OF 160 South Main Street, Salt Lake any way attempt to pledge such UTAH: and to the Zions Saving revenues so that any lien thereon Section 1. That for the purpose City, Bank and Trust Company, Salt will be equal to or prior to that of defraying the expense of in- Lak.9 City, Utah. or this pond and the issue of creasing, improving, enlarging saia bonds shall be paid solely which it forms a part. and addim to the present water from thp net. rpvpnnps nf fho ints Dond is subject to the supply and waterworks plant entire waterworks nlnnt. nnH and every holder hereand system of Tremonton City system after the construction of condition, of by accepting the same agrees to supply said City and the in- me and better with th.e obligor and every subhabitants thereof with water, mentsimprovements said plant and system, sequent holder hereof, that (a) there shall be issued One Hun- which to net revenues shall hp delivery of this bond to any dred Thirty-Fiv- e Thousand deemed to be the gross revenues the transferee shall vest title In Dollars ($135,0001 waterworks system alter deductions this bond and in the interest revenue bonds to be known as oi saio for the cost -of operating coupons attached hereto in such Tremonton City, Utah. Water- only and maintaining the system and transferee to the same extent I. Get Utoco Improved Gasoline works Revenue Bonds. Scries of the expense 2. Get Perfect Protection for of any improvements for all purposes as would the dethe finest we've ever made May l, 1950." dated May 1. 1950, anu oeiterments the engine of your valuable car. to necessary like under circumstances livery in the demonination of One in either Ethyl or regular. the same in good repair and of any negotiable instrument Get Utoco Premium Motor Oil. inousanrt Dollars ($1,000) each, keep order. working to obll the (b) payable bearer; numbered consecutively from one I bonds and any, agent of the obligor gor to one hundred thirty-fiv- e .i ri attached coupons tfnnt thereto .,1 ucui, mcn uearer OI uus iuaj. (135). both Inclusive, with in- shall be at Zions the payable as bond the absolute owner here terest at the rate of Two and one Savings Bank and Trust of for all purposes, and shall not half percent on bonds maturing Company in Salt Lake City, Utah. be affected by any notice to the in the years 1951 to I960, incluuouas snail De signed by contrary; (c) 4. Get A Specialized lubrication the principal of sive, at the rate of two and three ouiu the of Tremonton City, and the interest on bond this fourths per cent on bonds ma- shallMayor job. Your Utoco dealer is trainbe countersigned by the shall be paid, and this bond and turing in the years 19G1 to 1970 vity ireasurer, ed to give your car individual be snail and each of the coupons appertaininclusive and at the rate of by the City Recorder ing thereto are attention . . . special service. Three nor cent on bonds matur- attested free transferable, the corporate seal of said from and without under to in the years 1971 to 19B4 in- City, and the interest ing regard any coupons equities between the clusive payable obligor and on attached to said bonds shall be the 1 or any intermediate original and November 1 in each executed with t.h faesimiio itr. May holder hereof, or any ye?.r wmmenclng November 1 natures of said 3. Gel Rid of Tire Worries Treasurer or City 5. And Get Answers to" travel and by 1350, due and payable the in ami Kecordcr. which surrender to the obligor(d)or any iiy tires checked by your numerical order Four serially having Thousand officials, by the execution of from Utoco dealers, questions Dollars ($4,000) on May 1 in each Said bonds. Shall nrtnnt no an A agent of the obligor of this bond Utoco dealer. If you need new who know local points of inter and of each of the coupons shall of the years 1951 to 19(13. both for their own ones, he has a full line of top proper signatures be a good discharge to the obliest, road conditions, good places Inclusive, and Three Thousand wieir iacslmile respective warranted Atlas signafor same. quality, the gor fully to dine and sleep. Dollars ($3,000) on May 1, 1984 tures appearing on said rnnmnc It is hereby certified. re:ited tires. Bonds maturing on and after and Said bonds and the declared that all acts, conditions May 1, 1956 shall be callable for attacned thereto shall coupons be ium uungs required to exist redemption in inverse numerical negotiable and shall hnvo onfully tK hanpen and benerformprt nm order on May 1, 1955. or on any dualities of nptmtinhia . J' i uuu j ; to and in the issuance of interest payment date thereafter uie noidcrs tnereor shall have this bond, exist have at par and accrued interest to aii tne happened rights enjoyed by the and have been performed the? redemption date, in due a pre- holders of negotiable instrumium equivalent to plus mrr.i and manner nine, as reone year's ments Under the nrnvld,-r,interest computed at the interest the Negotiable Instruments Law. quired by law: that the amount of this bond, tocether with the rate or rates borne bv the bonds section. (2i said bonds and in the year immediately followwnicn it rorms a part Section. (2 NnlH hnnHr nnA n.ot xwd any limitation ing the date of redemption the coupons attached thereto Notice of redemption is to be Mian ih except as to consecutive prescribed by the Constitution Riven by publication itmI,V 1LuU,s of thp Statc of an numbers and m.iturttv rinf i that all of tlv net reappropriate notice once a week substantially the following form: venuesand to be derived from the to-w- it: L' Tremonton, Utah LEADER as' i L.. e semi-annuall- f V H 7ZTZ7 ill .' J I y, 76A-2-- 3, full-siz- e, DRIVE" THE j d ts r'-j- "6" 100-h.- p. V-- 8 companion-in-qualit- y, V-- AT YOUR FORD 8 DEALER 95-h.- So economical fo buy.anritoc low-pri- CO. . CHECK CHECK YOUR 76A-2-- Tremonton ACCIDEIITS-- 4 76A-2-2- 76A-Z-- -I n 23 76A-2-- 76A-2-2- : - 2,8-in- ch Sub-tot- al Am. Jurnl liru. - - and for summer L".':s ahead - - f "v Z)Wl.---, " gffl Said 1 semi-annual- and the V. 1 I II r"" YV J LUBRICATE FOJ SAFETY EVER 1000 MllJ ly set-of- fs cross-claim- s: J. V. ScejiurUlOCO fur tfs Vealerfor Superior Products ancfSemee UTAH OH REFINING 41st CO. 01 |