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Show A Ur.-suLL iK'N lHOVIlIN(l KOH T.IK ISSUANCE OF 1 Honda for Certiorate purpose. Wl eteae. Ttia corporation of suit Lake t ty le deKiioiiK of hoiroWUK tne Mini of Two lluu dr. d Thou . and Dollar for the making of perma-n. perma-n. nt Inn ro.eiueule aud tor other Corporate piirpi.ne.1. Hud It bai Iweu ue lued prudent and l.e-t to laa'ie a eerlesof Two Hundred ( ne Tlioiuand itollar li. n le. pursuant t the pro viMoim of an Act of tne io.ernor and le- illative illa-tive Rs-cninly of ti.e Terr.torv ol L tab. approved ap-proved Marvh Kin. l".; therefore. Section!, lie, mid tt le, re-olved, by 1 he City Council of Silt Like City, that for tlie puipoae of obt lining money for pe-iuuneM Improvements and for other Corp"1'"1" b r, iioaea iiild Corporatl u hall i-sne a soriee or Two linn l-ed euc rated onpou Hon.P. ol t u denomination of line Thoimand dollari eaeu. the pr u. I"Ul p 'yalile at tlieo.'i.-e of the t,..v Treasurer of I; eUitvo. ait Lake twenty ye in afier the ilete thereof, r .-ib-ma1 b'. how,r"Ve a t .e option of -aid Corporation at any ti ne after ten year from i be dale of tln-ir ad llou.ls to hear date of July ll, tMI. w th lliteteet tr nil the d ite thereof at the lale of a per cent per annum, and p,.yab!e (pun annually an-nually thereafter, on the flr.-t iia of January and .lu!y in each year, m UieCliy "t New oik nt the Hauklm; limine of t'i Imp uters a I Trad'-rs' National II nb. or iteeeccewre. or al the Cnlon National Hank lu Halt LakeCitv. or lis suecceiKce. on premutation aud summit r ol tiie Coupons aa th.' become rt ipv b 'th interest inter-est and prine. pal p., y.ilde iu lawful mom y of ti.e United Sifcte.-., and aul H nuls shall le e-empt e-empt fioui taxation ov a'tid City. tieetem .'. haid iioiiiis shail be signed by the Mator and Treueiirer of eald C.ty, and bt iorn the ih-uauce ,. any of tliiu the Corporaie b. al of s:il,t City shall 1 e tie reu nto aulxed, Uu.y at-tested at-tested bv the ne. orderof mini (hiy. Sec iou 3. Saul ii.rn.ls aha! I be number d fr itii one to two hundred p.dn inclusive, a' d they shall be registered Pi numerical order in a book kept for sued pin poie bv the Aud.tor o: nld t tt v. ami a'd Houua a iail lie sold only upou the or.b r of the Ci.y Council and In eu Ii lota and on -u h ter.tiM at it. nhall de-iifiiat.., and toeaihof s il l Uonde there shall l e at-t at-t ached f. .riy roupi u. iiunib--rcd lenpc' ilt'ely from one to forty, Lot n lm duelo. "itli toe prooer date's i f p iynenr naui'-il tiiercin. h.-e'ion t. The Seal of the Corporation Khali pot ha impried Ujiou e.od Honii. until tm' terms of e de t'e'reot, am! tin n aid lmi't "" shall be made in the pre-enee of tin' Mayor and'i'r.'iisuri r audi onimitteeof t'lnaiiceof eaid City, provided th order ol m.1!iiu' and attest-luif attest-luif sa.d lt mil e lucludiiur the soalmif thereof m iy chau-ed or ii.oulii"d by order of the city Council. , Sect iou fi. Wfi' never the City Council of Halt l.nke ("ty shall have ari aived to ii-o'e said MondH or' anv part of tie'in, nai l Council shail direct the Tfeaeun-rnf Bid City to a 1 ties for the nice of llouda t le- l--ue I an alorie-satd. alorie-satd. by laiiHltn notice of sa-d saie to he pub-Ifihcd pub-Ifihcd for a period o. one month in t; n e daily newMiianera published lu Bait Lake City. s ""h iiot.ee shall specify the amoui.t of llonds. to be Sold, th rati, or tntcre-t tln-y khall bear, ihe place, dav aud hour of sale, and that I da ill l,e rcccp i 1 by said Treisiirer for tne piircipise of said Honds wlihln fifteen days fn.in Ihe expiration of Mild puldication la said papers, and at a place ami tune n uned In (aid notice. The Tr amier of said City. t -ether with the Commit!-' t. on Finameo, t'lid C.ty Council hull oiie.i all bida received by said Tieantirer and tlu-v shall award tlie purchase of said Jlonds if the poition thereof offered for sale to the Luilieit bidder or b.dilers tneref me. rrovid'- l: That ealdTrettc rer and said ComtnHtee o i Finance stiail have the riKht on behalf of said City 0 r' lect any and all b.d, and provided fuitlier, tiiat they may in their uiarre' on refuse to make any ewatd of sail llomis ntiicsH Biif-tldent Biif-tldent security shall lw fuviil-hed by tne bid-tier bid-tier or bidders for the cuiiipliauCJ Willi the terms of his or their I ids. Section fl. for the purpose of providing for the payment of the interest on said Honds us the same ehall become due, lb" sum of ten thousand dollars or so much thereof as may he necessary le hereby appropriated accord-Incly. accord-Incly. SeClon 7. At the evnlratton nf ten y --ars after af-ter the issuance of said Bonds, there shall l e set apart, mid the same is hereby appioprlate 1 the sum of tweulv thousand dollars s a ink-in.k ink-in.k fund to pay the principal or said Honds, as the same shall full due or be culled as provided pro-vided lv Section Kof this resolution: ITovld-ed. ITovld-ed. tnat nothlinf hereiu shad l e construed ts prohibit the i Pv Council Iroiu iraaiiiu any other provision for re iempt'on of nnyor all of said Honds after tlie expiration of t u years. Sect one. Whenever after the expiration of ten yarn from the Issuance of said ll..uds there is available as provided tu tlie prcccdim: section or otheraise the sum of twenty thousand dollars or mure, it shall lie the duty of the I Ity 'treasurer to publish a notice statin f the number of bonds to be redeemed, commencing com-mencing with the highest numlier then out-stiindliiK. out-stiindliiK. and the date when tiny will be paid. And If such Honds so numbered in said notice shall not be presented for payment or cancellation at the date mentioned In the publication, then such fund shall remain re-main in the treasury to dischan e such Honds whenever presented butsm h call Bonds shall draw no interest after the date specmed In neb notice. Section v. This resolution to take effect from and a'ter Its passaite. Passed and approved Juno Pta, 18.il. ISKAI..J cm. M. S 'i itt. Mayor. Attest: J. F. Jack, C.ty Utcordor. Uitrricn Status or Am nine a, Tehhitohv OK Ul'AII. J-ss. SAt.r Lakk Citv, I I. J. F Jack. Kecorder of Salt Lake City, do hereby certify that the foreuoituf Is a full, true nnd correct copy of '-a resolution providing fur the is-nance of Honds for Corporate purposes'' pur-poses'' passed bv the City Council o' Salt Lake I ity. June Uth, i.-'Jl, aa appeal a uf record In my otllie. In testimony whereof, T have hereunto set my hand and affixed tueC r in irate Seal of Salt Lake C'ltv, this luth dav of Jmie Ism. ssAi' u. HI. J. K. Jaok, city recorder. |