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Show a kksuixtjon IHoviniN'i; fo:i thk issitanck 09 bonds for corporate purposes. Where is. Tin- cotoi-.ulou if halt Lake CWf la de;tou.s of hoiruwOui the sum o' two bi:u. ilnd thou. ..and dollar fur the maxim; of perm-- , in ut impio, eiurnis and lor oilier corporate purpesej. unit it has been ile-mcd prudent and best to issue a asiles of two hundred one tiourand doll.ir Imu is, p irsuant to tl pru-vi-:ur,s or mi art of me, eovcrtior anil le.;ii-t.ve le.;ii-t.ve : s -tJi niy of t . t Tntory of Utah, up proved MarciiSta, Is; therefore, , Hi'ri.iml. Ie, and it is, re-olved, by tha City Council or K. it J,ile Cpy. that forth purpose of oht uuiiitf money for pe, mam-lit improvements ami for oilier corporatu purposes pur-poses aald corporall. u shall i.-su a eerie ut two Bundled ontaaied i capon bonds of tlu denomination of o"e thousand dollars each, th pr n. 1ml payable at the o, nee of the eitf treasurer of u.e city or salt Lake twenty years' after Hie date thereof, r.-deeiuai l-'. however, at tai option of r-nl i co-poratioii at nny time afle." t -u yearn from the date of til- lr issue. Sa d ijon.it to h.r.r dat, of July In, MM. with interest from the d ite thereof at thu rate of 5 per cuit pur annum, und payable eeiiit-au-utiailv tin ivart. r, on the nr.-t nays of January and July in each year, m tne "ity of New ork at the bankanif house of the Importers ami Trad-fa Naiional bans, or It secci ssors, or at the I'nlon National bank In 8alt Lake City, or its successors, on presentation ami mirrender of the coupousas tli..y bero!ueiui- both interest inter-est and pi Inc. pal payable In lawful mom j ot the Untie I siate, ami said bonds suall La ex' entpt from taxation liy said city. Section SaiJ bonds shall on aljrncd by the mayor aud treasurer of said city, und before the issuance or any or tlieoi the corporate seat of said city shall Id I hereunto adixed, duly attested at-tested hy thu rnronjcr of aui city. Heotlon haid hoti.'a xhail li otimnrnvt from one to two hundred, h .th iri'!ti.-lvit. u' 4 the; sh.iil be rcrintered in numerical oroer in a hook liept for mh-Ii purpose liy the auditor of Bii'l city, and naid b mdH ahall he, eold only upon the older or the city council and In sui li lots ,vh1 op Mp-h terms as It Khali deilKuato, an I to .. h or said Pond t icre ahull tio at-t.icned at-t.icned for y coupoun, uumh-'red reispe tlvely from ore to loi ty, hoth iuclualve, with tha pro; er dat 'S of payment named llmrclu. ruction 4. The seal of tnu corporation shall pot he impressed lij'ou naid hoiid-i until I ho te. ma of a:e tin reof, and then -: lmpr-ssion sliait be inad luthe presence of i he tnavor iiinl ir.'asurcr and ctunmiltoB of tltiaucoof mild city, provided the order of !'n c and attent- in.r -.a.a nouns ini imiim; tli f.ilii thereof may I chiiiim J or n.odnlwl by orjer of tl. Clt y Conneil. iSfi llon fi. wiii-never the f'ltv Council of Halt I.atte Cltjr hall have iirr.-intfl to isu k.iIiI homls or any part of them, van! council shall ilit e.'t the tre.ii.irer of s iia ell v to it Ier tine Tor the file of iioihIk to he iMMie I an ufore-itiihl. ufore-itiihl. hy raultlK notiCK of a:vil nale to be imt-liMtieil imt-liMtieil for a perioil of one month in turee l:illy tienil a i.-1-h niibiiaheit in Salt L.iiie('ltv. Sin n not ee sh ill Htieeify Hie iimount. of bomts lo be Hold, the rate of interest they shitll bear, 'he lili.-e, ,!ay and hour of mm, and that bid.t Will no r reived bv euld treasurer for t.':o tmrphaaa of said bonds wl.bln fifteen days from the expiration of kiild publication In mlil p ipern, ami at a plai o und true n mod in naid itetiee. The treasurer of siihl city. tn.-ethr with the (oTomltt.-e on limine of xiild ( it V Council fclull open all bids receive,! bv s.ild t.e,i"iiter and they anall award tiie Ii'Mi-liiete of said bonds or 'he portion thereof offered for rile to the hlirhest b.d icr or li.dilers therefore, l'rovliled: lliat " iln tre.-iM.it er and r iM commlt'ee on nuance. s ai nine ihe e;ht on behalf of sv,1 cltv to reject any and al. bids, and pi-oviiled further, that they mav lu their iil'rretb.n n-fuse to nuiK any awaid ef s,tld bonds nn ess e-.if-II lent se.-ur ty shall be furnished by tn- bi 1-er 1-er or lidile.'s for th" twuijiliaiic ' with tno tc-ms of los or tiieir bids. fle.' tion tl. 'or the purtio-ie of providing for the payment of the lnrcre t on eabl bonds na the same si, all liecom due, Ih-i j-utii of ten icons' ui cioii.irs or so much t hereof aa may be necessary U hctcby apjiropri red accord-In accord-In -ly. Section 7. At the exoiration of ten years after af-ter the I'sii.on e of sal t b.-tn's, tlicre i hall t a set apart and the s one Is hereby appropriated the sum of twent v tlioit-and dollars, us a sink- tils' fund to pay the prim ipal of said bonds, as the s:im eha'l fail uue or be called as pro-v pro-v ded hv section s of this resolution: l'rovld-ol. l'rovld-ol. that notidiitf herein shall be construed to i n h bit the ( liy Council from niakluir any other provision for re iemptlon of any or all of said bends after the expiration of t.-ri years. Sections. Whenever after the expiration of ten years from the issuance of said bonds there is available as provided in. the prcccdinn section or otherwise the sum of twenty thousand if-H.-n)) dollars or m r. It shall be the duty of tne city treasurer to publish a notice statlnic the number of bonds to be redeemed, commencing com-mencing with the highest uumber then outstanding, out-standing, and the date when they will be paid. And if tiuch bonds so numbered in sa.d notice shall not lie presented lor payment r cancellation at the date mentioned In the publication, then euch fund shall remain re-main In the treasury to discharie such Horn! f p whenever presented, but su h can Honda iia.I- draw no Interest after the date hpe. l.iod lj such notice. Seci ion . This resolution to take effect from) and a'ier Its passage. Passed and approved June flth, ISid . SKAL.j (io. M. Si-orr, Mayor. Attest: J, F. Jack. City Keeordcr. Ukhkh Statvb of AMiatii A, I TtuitiTonY or Utah. -ss, S.xt Lakk City, 1 I. J. F. Jack. Keeord-r of Sail Lake Cltv. An hereby cert ly that the fnn'Koinir Is a full. 'true im i correct coiy of "A resolution providing for the issuance' of bonds for corporate purposes'' pur-poses'' passed bv liie C'ly Councllo' Salt Lake it v. June utu, Ism, as appears of record in my on'.ce. In testimony where if, I have hereunto per my band and "affixed tne n ri. .rate seal ot Sali I,;ike CI' y, tins lutn dav of .1 une. ism. isEAi 0.111. J. t . Jai i, city Kocorder. |