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Show Job Lot Information About Salt Lake City Facts and Figures for Benefit of Intending In-tending Bond Bidders Compiled by Recorder. City Recorder Crltchlow Is sending out Information to intending bidders on tho million-dollar bond issue that was recently recent-ly authorized by tho people. According to the law, tho Recorder has to glvo an accurate stntomont of tho city's avallablo funds, tho bonded Indebtedness, valuo of the Improvements. Tho statement prepared pre-pared 1b ns follows Salt Lako City. Fob. 6, lW-- Gentlemen: Tho following Informntlon Is nub-mltled nub-mltled In order thnt you may be In a position to bid on tho Irsuo of bonds by Suit Lako City In tho sum of ?1.000,0CO, JSM.OOO to Incrcnso and lmptovo tho water supply of said city and StM.OOO to establish a sower nyntom In tho teuthem and westorn portions of wild ol'.y. Salt Lako City was incorporated In ISjI and In 18C0. Population, per census of ra, 53,231. Assumed present population, So.OOO, .Assessed valuo of taxablo property for yor, 1WM, after correction by tho Board of Equalization, Equali-zation, JJ3.:5,275. Estimated real valuation, J5L!K3.700 Doniled Indebtedness: dcncr&i, $2,-W8,000, $2,-W8,000, nnd J2E0.000 watorworkn Improvement bonda. Klcwitlnn ilobt, none that la not covered cov-ered by tho rovenuo of 14. There has been no default In cither principal or Intercut on any bondo. Tho city hns no streot Improvement Improve-ment debt. Is'o newer debt. No nchool debt (Independent corporation) Assumed earnings for waterworks for last year. $118,899.31 Approximate Ap-proximate valuo of other water.works system, $4,477,152. Approximate value of wutershedo, $167,937. Approximate valuo of waterworks property. :4,971. Approximate valuo of sewer wystem. $M5,11C81. Approximate value of street paving, $0J3,027.W. Approximate value of rldo-walk rldo-walk paving, $131,381.00. Value of lands, 5471,-6W 5471,-6W One-half city and count building. $470,000. Parks, $IW,145. Flro department, $55,000. Caoh In treasury, December 31. 1004, ?122,033.31. Other assets, approximately $235,052. Tho Constitution of tho Stnto of Utah, artl-clo artl-clo XIV, section 3. requires tho city to nub-mlt nub-mlt to taxpayers proposition to Issue bonds. Section 4 limits Indebtedness to 4 per cent of assessed valuation, and 4 per cent additional for water, light and sewer Tho Suproino court of tho Stato of Utah in tho case of tho people of tho Stato of Utah ox rol. "W P O'Meara. plaintiff, versus tho City Council of Salt Lnko City, defendant. Twenty-third Utah, patro 13, decided as follows- "That under tho Constitution tho two llmltc-l powern nro essentially neparato and Independent, Independ-ent, that tho spoclAl limited powor to Incur an Indebtedness for water, light and sewer purpones la absolutely within Ito own limits; that a debt lnourrod by vlrtuo thereof Is additional addi-tional to that restricted and limited for general Durpoocs." Tho Constitution took effect January 4. 1S5C. Total amount of bonded Indebtedness slnco Incorporation, 54,646,000. of whloh thero hns been retried l,74S,0OO, leaving now oututondln J2,7M,0CO. J. S. CRITCHLOW. City Recorder. I hereby certify that tho above statement la truo and corroct to tho best ot my knowl-odco knowl-odco nnd belief. J S, CRITCHLOW. (Seal.) City Recorder. |