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Show NOTICE " OF SALE OF BONDS BY SALT. LAKE. .CITY, UTAH. To whom It may concern: Notice Is herebyglvcii. that under and by authority of a majorltv vote of the qualified electors of Salt Lake City. Utah, at an election duly held In said city July 29.. 190S.- favoring- the incurring of a bonded Indebtedness In the sum of four hundred . and seventy-live thousand ($475,000.00) dollars, for the purpose ti! defraying the expense of Increasing. Im-1 Im-1 proving, enlarging, extending, perfecting I and adding to the water supply and I waterworks system of said city In tho way ' and manner. Bet out In an ordinance sub-I sub-I nilttlng the question of Incurring said Indebtedness In-debtedness to said qualified electors, passed by the City Council June IS, 190S, and approved by the Mayor June 19, 1908; and also favoring the incurring of a bonded indebtedness in the sum of one hundred' and twenty-live thousand ,(.il2f.Q00J)0J dollars, for the purpose of completing, increasing, extending and adding to the sewer system of said city in the way nnd manner set out in said ordinance". Salt Lake City proposes to Id.iuo and-sell bonds of the face value ol four hundred and seventy-five thousand (?475,000.00) dollars, to Increase. Improve, enlarge, extend, perfect and add to its water supply und waterworks system as aforesaid: and bonds of the face value of one . hundred and twenty-five thousand ($125,000 00) dollars, to complete. Increase, qxtend. and add to Its sewer system as aforesaid, said bonds to bear interest at the rate not to exceed four and one-half (li) . per cont per annum, payable semiannually, semi-annually, and become due nnd payable at.the. end Qf twenty years from the date or Issue, with the option reserved .to the city to pay or refund tho same at any timo after tho expiration of ten (10) years after tho date of Issue, and shall lie-1 of such denomination or denominations Us the City Council may hereafter determine. deter-mine. .The net revenue from said water system shall be set apart, and shall be : a sinking fund for the payment of said water bonds, -and the Interest thereon; ' 3Ld. .t.hje.CJty. Council shall annually levy a sufficient tax to pay the Interest on sald sewer bonds as It falls duo. and also to constltuto a sinking fund for the payment pay-ment of the principal thereof. . That under'and pursuant to a resolution of the -City Council of Salt Iaku Clly passed August fi. 1908, and approved by the Mayor August 7. 190S, the undersigned under-signed Mayor and City Recorder of said city wore authorized and directed to advertise ad-vertise for bids for said bonds. In certain newspapers therein named. " Now, therefore. In conformity with said resolution, and under the directions therc--ln contained, the undersigned Mayor and Uty Recorder of Salt Lake City hereby give notice that bids will be received for the purchase of said bonds until August 3.1. -1908. at 7:30 o'clock p. m nt which tlnie all bids must be In tho bands ot the City Recorder, and will then be opened.. AJI bonds to be dated October V. 1908. and to be purchased and paid for In the following manner: . ' . "WATER BONDS. " Two hundred thousand (S200.000.CO) dollars dol-lars thereof on October I. 190S: One hundred and fiftv thousand ($150.-000.00) ($150.-000.00) dollars tbeieof on January 1. 1909: find the remaining one hundred and .twenty-five thousand (J125.000.00) dollar i thereof on April 1. 1909. SEWER BONDS, i. One hundred nnd twenty-five thousand (?125,n"0O.0O) dollars on October 1. 190$. 7:lach and every bid for the purchase of said bonds shall be accompanied with a certified check for one per Cent of tfie faco value of bonds bid for. payable to the order of the City Treasurer of Salt Lake Clly, as a guaranty of good faith on the part, of the bidder, niid to reimburse re-imburse said city for Its loss and expend l;i this behalf In case th bidder shall not perform .his bid after acceptance thereof by the city. No bid will be considered con-sidered lor less than the face value of said bon'ds. Fait Lake Cltv reserves- the right to reject any and all bids, and to accept, any bid deemed advantageous lu said clly. I Dated August 7, 190$. I , J. S. BltANSFORD, Mayor. ' . J. B. MORETON. City Recorder. I clHS |
