| Show AN ORDINANCE providing for and disposing of municipal bonds WHEREAS provo city s municipal corporation being frea from debts and obligations ot every nature is in need of a system of waterworks water works to more effectually provide for the health and of its inhabitants and tha Ee carity of property and the money in the treasury of provo city is and the current revenue inadequate to faaet the expenditures necessary nbc essary for the construction of said system of waterworks water works and it is deemed for the beat good of provo city and its inhabitants to borrow the necessary sum to establish said system of water works and for that purpose to issue a series of on hundred and twenty five bonds of the of one thousand dollars each pursuant to aa act of the legislative assembly of the territory of biah entitled an act providing for the incorporation ot cities approved march 1888 therefore SEC 1 bo it ordained by the city council of provo city taht for ane above expressed said cor shall issue a series of one dundred ami twenty five litho graphed coupon bonds of tho denomination of one thousand dollars each the principal payable at alo office of the lity treasurer of provo city in US gold coin twenty joara after the date thereof redeemable however at the option of said provo city at any time after ten years from the date of their cissne said bonds to bear date of november and 2nd 1891 with interest from the date thereof at the rate of BIS per cent per annum and payable semi animally thereafter on the arst days of may and novem oer in each year at the girat pirat national bank of provo in provo city or its successors or it the chemical national bank of new york in new york city or its at the option af the holder on and ear render of the coupons aa they bp bome due in lawlus money of tho united states and aid bunda shall be exempt from taxation by prove city 2 said bonds be numbered from one 1 0 one hundred and twenty anve inclusive aid ahey shall bodaly registered in numerical order in a book kept for that purpose by the city Kec oriler they be signed by the mayor alii of said city and before the of any of them thu corporate cor parate heal shall thereunto be affixed duly attested by tae recorder 01 said city the faith and credit of prevo city ia hereby pledged for thu of daid bonda and the interest accruing i therein aa herein provided sic 3 coupons for tle interest ahall be attached to each bund GO that they may be removed with injury or to the bond chey shall be consecutively numbered from one 1 to forty au both inclusive and the same number as the bond to chich they ara attached also the proper dates of payment named cu oreon and the interest expressed in oaid bond 4 said bond shall be sold only upon the order of the city council and in buch lots ind on such arms as shall be designated by said council the seal of the corporation net be impressed uon said bonda until the time of salo thereof and then in the presence of the mayor treasurer and committee on of eaid city provided the order u belling and attesting said bonds may be modified or changed by order of the cuy counce SEC 5 whenever the cily coun cil ancill have arranged to make a loan and issue said bonds or any part of tham said council direct htiu treasurer of said city to advertise for the sale of the bonds to bo imbued aa aforesaid by causing a lotice of said bale to be published for a period of at least ten day a in two daily newspapers published in lake city hsuch altice shall the amount of to be old the rate of interest the place aay abid hour or sale and that bids will be received by said Tr usurer for the purchase of eaid boats within ten daya from the expiration of said publication in taid papers at the nine and place named in said notices the said treasurer together with the committee on nuance of aard city bouncil uncil shall open all bids received by said treasurer and they shall award the purchase of said bonds or ihu dp offered for sie to the honest bidder or bidders provided that said treasurer and said committee shall have the right in be balt of said city to reject any and all bids and provided further that they may in their discretion leanse to make any award of eaid bonds unless security shall be furnished by the said bidder or bidders for the with the terms of his or their bid SEC 6 for tha purpose of providing for the payment of the interest on said bonds as the same shall become due the sum of seven thousand five hundred dollars or so much thereof as may be necessary neo essary is hereby appropriated from the general fund of provo city to be drawn on the warrant of the bee order to coee such interest en the first days of may and novt aber of each and ever year tiec 7 at the expiration of ton years after the issuance of fraid bonda there shall b set apart and is hereby appropriated out of the general fund of the city annually the sum of twelve thousand five hundred dollars to be drawn on the warrant of the Kee order to pay the principal of i i n 1 said bonds na coe same aai laii or ba called for as provided in abia ordinance ibid amoust chali bo beld aad ilacad by the treasurer iu a fund to be known as th tion i f aard bonds provided tatt me provisions of this shall not be construed to prohibit the city council from other provisions for the redemption of aej or all of aid bonds after the expiration of tea years whenever after the expiration pi ration of ten years from tha date of issuance of any bonds under this ordinance there is available as provided in the preceding section ha aam of twelve thousand five hundred dollars or more it beall be the duty of the treis aurer to advertise as ia the manner of advertising the sale of said bonds which advertisement shall state the amount of money in redemption fund aad the number of bunds numbering them in the order of their issuance commencing at the highest number then outstanding which said sum is set apart to pay and discharge and the date when they will be paid and if such bonda so auml ered ia such advertisement stall not be presented for payment and cancellation at the expiration of the date mentioned in alo publication then such fund shall remain in the treasury to discharge such bonds whenever presented but they shall draw no interest after the expiration of euah publication be fore any such shall ba paid they shall be presented to the er who shall endorse thereon be amount due and shall write across tha face of said bond the data of its surrender and the name of the person surrendering the same the treas aurer ahall within ten days after the bale ot any bonds hla with the ra cordera banned statement showing therein the number date rate of iu teres amount of sale when and to whom frold and the said recorder shall keep a record ef all bonds issued and disposed of by abo treasurer showing the same facts as shown oy the record kept by the treasurer also when presented for redemption tha amount due and person surrender dg passed october 31 1891 JOHN E BOOTH mayor of provo city attest J M JESSEN city recorder TERRITORY OF UTAH UTAH COUNTY sa catt 1 JM JENSEN recorder in and for Provo City utah county and territory of utah hereby certify that the foregoing is a full and correct copy of an ordinance providing for the and disposing of municipal bonds passed by the city council of brovo city october 31 A in testimony whereof I 1 have hereunto affixed the seal of Provo City this and 2nd day of november A D 1891 J M JEKSEN city recorder AN ORDINANCE repealing pealing Be an ordinance providing for the and disposing of municipal bonds passed september 29 A D 1891 ordained by the city council of provo city that an ordinance entitled an ordinance providing for the issuing and disposing of municipal bonds passed september 29 A D 1891 be and the same is hereby repealed passed october A D 1891 E BOOTH mayor of provo city attest JM JENSEN city recorder TERRITORY or UTAH UTAH COUNTY ss CITY I 1 J M recorder Ke corder in and for provo city utah county and territory of utah hereby certify that the foregoing is a full true and correct copy of an ordinance repealing an ordinance providing for the issuing and disposing of municipal bonds passed by abe city council of provo city october A D 1891 in testimony whereof I 1 have hereunto affixed the seal of provo 1 city this ad day of november A J M city recorder MARKET corrected daily or RAIN wheat per bushel 6 75 oats per cat cwt barley per cat cwt 1 35 corn shelled per cat cwt I potatoes per bushel 20 25 beans white per ib 4 5 DRIED FRUITS apples per ib 4 5 ground cherries per ib 8 chickens 25 SO butter per ib 25 35 eggs per doz 25 30 cheese home made 1 baided bailed MEATS beef live weight per ib 2 beef dressed per ib A veal dressed per ib 6 6 hauw borne cured per ib 12 16 bacon home cured per ib 10 W miscellaneous honey per ib 6 sugar per cat cwt 6 35 GENERAL FARM lucern per ib 4 4 |
