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Show cnttciitl Uoticct A KKS0LUT10N I1KOVIDTNH KOH THK TSrlttANCK OF Hondo for Corporate purpose .. Whereas, The torpor itiou ol Salt Lake City Is des'i'ous of borrowing tl e sum of Two Huu dri-d Thousand Hollar o r the iiialiiiut of peruia-Hi peruia-Hi nt luipro eiueuis and ior other Corporate purpt mn. and it has been de iue.1 prudent and best to Issue a sedes of Two Hundred One Thouraiid Uollar llonas, pursuant t" the provisions pro-visions ot an Act of the ' lovernor and Leclsla-tivo Leclsla-tivo as.einbly ot tiie Territory ol Utah, approved ap-proved MareuHtu. Isss; iheivfore, Sni'l oul. He, and it is, resolved, by the City Cmintdl of a It L .e Cliy. that for the purpose of ootaiui'iK money for permanent in'proi-eiia'iits and for o Icr Corporate Pl,r" poees said Corjsiratl.'n shall Issue a series of l'wo lluud'ed einaui e l Coupon Honds of the denomination of one Thorn and dollars each, th. 1 principal payable at the oi.icu of the City Treasurer of meCavoi bait Lake twenty years after th date ineieof, r dti.mia 1'. bow.r. ye at, tse option of said Coip.vation at any time after t. ti years from the title or their H-tia. l-aitl llou ls to bear tlal- i f Julv Isi, Isid. w th interest from the dale the eof ut the laieo." 5 Ier cent per annum, and payable teuu-an-uually thereafter, on tiie nrst days of Jane iry and duly in each year, iu the ciiy ot New York at the Jiiiiiklinr House of the Importers and Traders' Naiioual 11 ,t,k. or ltssc. c. ssors, or at the Union .National ih.nk In Salt Lake Cli v. or I s suceessois, on presentutl. iu and s'.i rrend-r of the Coupons as tin y becouie due. b.ith interest inter-est and p inc. pal payable in Uwful niolnyof the Uimet! Si at" . and said Howls sha'! Le ex-empi ex-empi fioiu taailon ny sanlCiiy. Section a, sa.d lion. Is shall lie s;Kted ' tne Major and Treasurer of said C.(. and bcloni the Issuance of miy of them the rporaie Seal of sub! ciiy shall lie Hereunto r.nUed, duly attested at-tested by the Uci'.irderof said Ciiy. Section .1. Sa d Honda sha I lx numbered from one lo two hm dr-d. boin inclusive, and they shall he ree'isttuctl li nu.nicleai order In a book kepi for such purpose lo the Au.btorof slid City, and said lioiuls sha I he sold only upon the order ol ilmCiiy Council and in Ml 11 lots and on su 'h terms as it shall deslHUKte, and toea. hol said Mond there shall be ut-tacheil ut-tacheil for.y l onp.ius, numbered respeclvciy from one to lorty, Isitn lie lusive, with tha projer dates i.f p ivmeiit nauit tl ther-Mii. Sec; ion i. Th- Seal of the im. nation "had Cot be impressed ii;jn s.od Hoiids until tne tonus of s ilo t.'ieieol, and then said lmiressioii shall be made in Iho presence of Hie Miivi" and'i reasiirerandt oinmitteeof Finance of said City, provided the order of senile- unit attest -tiitf mild llonds iDi-ltidit'K tha sealinn thereof may ee clumped or modlded by order of tie City Council. Section r. Whenever the Citv Council of Salt Lnke City hall have arraueed to Issue sahl Hotels or any part of them, said Coined shall direct tiie Treasurer of said city toadver-tlse toadver-tlse for the siee of Honda to be issued as afore-salil, afore-salil, by causing notice of said sale to be published pub-lished for a period of one in ulh in t iree a ii y newstiapers published lu Salt LalieCity. Such notice shall specify the amount of Hontls Vo be sold, the rate of interest, they shall boar, the place, dav ami hour or sale, and that bids Will be received bv sail Treasurer for the purchase of said Hoiuis within rliteen days from the oaplration of sa'd Vindication In said p i pi rn, and ut a place and t'me mimed in said m dice. The Treasurer of si'ld Ciiy, together with the Committee ou finance of raid City Council shall opea all bids received bv said Treasurer and thev snail award the piircbaso of said llonds or the portion thereof cflc-ed ior sale to the filiihe-t bolder or h H.l..- . i,.e..r. ir,.vid,. 'I hit said Treasurer snd said Committee on Flnauee shall have the rljrht on behalf of said City to reject any ami all b ds, and provided further, that they may In their discretiou refuse to make uuy award of said Konds unless suf-H suf-H -lent security shall he furnished by the bidder bid-der or bidders for the compliance with the terms or .is or their l.i Is. Sect ion For the pin pose of providing for the payment f.f the Intend on said liouds as the same shall become due, the sum of ten thousand dollars or so much thereof as may be necessary is hereby appropriated accord- Soetion 7. At the expiration of ten years after af-ter tho Issuance of said Honds, there shall be set apart, and the stmie is herehv appropriate t the sum of twenty thousand dollars, as a slnk-tiiR slnk-tiiR fund to pay the prne Ipal of said bonds, as the same shall fall due or be called as provided pro-vided by Section s of this resolution: Provided, Provid-ed, that nothing herein ehall be construed to prohibit the i ley Council from making? any other provision for redemption of any or all of said llonds after the expiration of t u years.- Sections. Whenever after the ex niratiou of ten vears from the issuance of said Honds there is ava.lable as prov.ded in the preceding section or otherwise the sum of twenty thousand dollars or more, it shall be the duty of tae city Treasurer to publish a notice statin-; the numnei' of bonds to he redeemed, commencing com-mencing with the hbrhist number then out-stanuliiK. out-stanuliiK. ami the ditt:' when they will be paid. Aiel if such Honds so numbered In said notice shall not be presented for fiaymontor cancellation at Ibedatementioned il the publication, then such fund shall remain re-main in tue treasury to (pschatf-'e such Honds v 'beuever presented, but su di call Honds shall draw no interest after the date specitlei', lu such notice. Sect ion H. This resolution to take effect from antl ti'ler its passage. Passed and apjir jvod .Tune fith, 1HH. IbeauJ lieu. M. St hit, Mayor. Atie ,t: J. F. Jack, C ay Recorder. Usri'EO Status of Amkiuca, I TKitiuxony or Utah, s3. Salt Laki; Citv, I I. .1. F. Jack. Recorder of Salt Lake Cltr. do hereby certify Hint tiie foregoing is a lull, true t'lid corret t copy of "A resolution providing, for tho issuance of Honds for Coi norut-- purposes" pur-poses" passed b' the City Coum li o Si.lt Lake City. June uth, l.-'.d, asappoars of renord lu my Oliice. In testimony whereof, I have hereunto set my hand and affixed tne C rporatu Seal of Sa.t Lake Cliy, this loth day of June, ism. skai 0. 141. J. F. Jack, City Kecorder. |