| Show AT alf As an Orelli ordinance blance providing tor f 0 bo be lubag and disposing ot of certain b bonds rands by salt lake city in lieu of nn an equivalent amount of other amt barding bonds of at said bald city and in ardor to enable sam said city to refund majd d outstanding bonded indebtedness do bo it and it 1 Is hereby bv the city council of lake city chiy utah section 1 that thai tor for the th purpose of paying and the issue of live five gay hundred undred thousand delta dollars ot of the bonds of aalt alt late aake city aily utah issued under tile tho authority of a resolution ot lot said city passed july lq isar entitled A resolution providing for for aba tha oswe of bonds lor for corporate corporate purposes and for or the pur poll 0 of refund InIC tho the indebtedness evidenced b ly Y said bonds and issuing iia ulna in llou lieu thereof other bonds ot of on an equivalent amount five hundred t thousand outland h dollars bollara be borrowed on the credit of tin tb BRAIL city and the committee on finane 0 of f the it council connell of 0 paid ell city la Is berea T authorize and dirc directed eted to contract to tho the or ar a v 1 n g of 0 tile hundred bonds e ends of it alio t a enar c n 0 r n 1 nation a 0 live anve handled bundled gaab dollars each and fou hundred bonds of the denomination one thousand thou Hand ha dollars each nodi ul porting to bo be obligation of said sall lit lake ke cit city section ralis 2 sall bonda rhal b e anoni oni as salt I aho city ity refunding bonds and fandi shall be b and sold for the purpose of refunding said five hundred thousand ai 3 i dollars or oc the tha indebtedness debt edness of said salt lake ck city 0 cil I 1 ui cd bi by v hundred bonds of said brud cil ua of the denomination of 0 one tholand thou and OIW dollars ctol lura each I sued and sold pur scant to said resolution of ild city ellich said bald last hamod bonds are at the office of the city treasurer lit in salt lake I akst cly city years after the date thereof tit at the orion I 1 of still corporation any thill tim after t ten ell cars from the date ot of ISHII did bonds to bear date of september rith interest front from the date trier ibor at the rato rate of 6 por per per aniton the interest Into reat readable on the first fiant day 26 faren IW on and I 1 deml annuala the on tho the first days daya ot at september gop and ilare tn in each year in ill the th city of new york at tho the banking house of the th AmOr lear exchange national ban bink k or OP till success ora era or tit t the deseret gnal bank if salt lake city or its all moneys arising from tho the sale sal of the bonds issued to this ordinance shall bo be applied solely to tho the purpose 0 paying binl and refunding ild bald e five aundra thousand dollars of the bonds bond issued pursuant to tn io aforesaid tinn or of july lo 10 iak soc hoc 1 X tho the said eald bonds to be 19 laud ti herla herin ichill bo be dated dat d tile tho firm day dav of septen be ber r isa and shall bo be payable absolu absolutely tell twenty years from their date dalo shall ahau b numbered numb pred from I 1 to acco ve both inclusive unit and tile tho principal made paya payable blet BI at til th of I 1 Iho o City treasurer jn n salt liik lak city and Int Inter orent cut shall bo be made PAY AY able at wells bargo ra r o co bank I 1 ev york lork city or wet 0 faro argo co dank salt lako lake city or I 1 heir successors I 1 lawful money of tho the united states an shall bear interest only from th the day oi a chelp date dale at the iho rate 0 of 4 per cent po pe annum serril annually on th I 1 1 ural day of march and tho the first day 01 I 1 i ot of each dear bec 4 said bald bonus bonds hall bear coupon for tin the interest to he bo 0 so o arrange that they rony may bo be detached without th eniti ni ill la lion ot of lite iho bond they shot ill b mignel by the and city recorder JRe Re corde cordel and attested by tho the corporals corp cor poroto oralo meal boal of sal gal city and the alador ani city aro are hereby auth oiled to sign and ana atlef tho to said londs bonds and vv lien hen so MO signed an atte ted said bonds shall b come all a bo be thi of said city cily tc c it tho payment of ivsich w lation the faith and cried 0 of f lesh abild ill city are hereby pledged cap kcf be A tho ho borno borne by saji bonds shall bear the be signs turo turn 0 of the mayor layer and cv city Ite corder see ac 6 ahn th city recorder Is IB li roh el fill and directed to advert foe fc c A n period of oc not noi to exceed twenty do da on in the public press of suld city to nell oil bat bond and requesting bids for all U or an n portion of oc th the same tho the upon on llo it part pare of the tha timid elev to rei nn liiv or all v atch 11 nair muy be offered tf bids so rocel ted shall bo 60 delivered dell vered ui til nl bv the city d or to tho the BA city cit y council and shall bo be opened in t it of said bald council at the first brat resli rak lap ar meeting to bo be hold tho the date J 1 I tho the expiration of said aart advertisement b li in n no case cajio shall ahall sold halil bond be as bold P 1 fc A less than their liar ap value find and tile tho acaru interest at tho the time of their disposal see sec T 7 there shall he bo got act idel 0 11 at 0 the th reven of oc 0 bald aid city somi annual a tum sued SkIll ident to pay p a V the interest at said bondt bonds v i sec bee 8 tho the bonja bonds I 1 stilted issued under ll it p lons of this adl bo fr it rapt from taxation by paid ald salt palt lal LAI pa P bv be t the city council of salt ial I al CI chiy july 26 5 18 L ascol 1 A 1 3 0 H BACKMA cuy city recorder approved this vile day dav or of july jui A I 1 i JW jo joll lit I 1 I 1 na er CLARK ARK mayor 1 arc r state of utah city and county of si sall luka sa I 1 1 I 0 JL if 13 ackman cliv recorder i salt lalo lako do hereby certify th hi tile tho above slid and Is a a full tr ir and correct copy of rel an ordinance entitle F n an ordina ordinance ace providing for the laauli rod aad din of ertain c bonds bonda by bi 81 lalio lako chiy in lieu alei a tit of nn an til vale amount iti 0 ol 01 other a outstanding bonds bond i r sold city and in TO 10 so city to refund sold said outstanding indebted ness no pass 0 bv the iho city council of P F X abc city state stale of ariah july W IS ani ind I 1 opi app roud roLd by tho the mayor jul july 37 IS 18 1 i as a appears of re record cord in office in n awline eve aih hereof beof I 1 havo have heie hereunto unto I 1 I 1 tit nv hand find and andied the iho corporate orate seal j acea a chiy ell tills this ath ly day of dufy J ly A D IS 1 W r G it 11 13 CAC KilAN NIAN hilss vi city recorder |
