| Show BY THE BOARD OF CO COMMISSIONERS COMMISSIONERS COM COM- I- I MISSIONERS OF SALT LAKE CITY UTAH SECTION 1 1 That for the purpose of refunding and discharging said bonded Indebtedness represented by said bonds dated January 1st 1st 1904 numbered from 1 to 10 Inclusive and from 41 to inclusive and from 32 to Inclusive amounting to the said sum of payable on the first day dav of January A A. D D. 1924 there be Issued by said Salt Lake City Utah Utan Four Hundred and Ninety Thousand Dollars Refunding Bonds forthe for forthe forthe I the purpose of refunding the said Five Hundred Thousand Dollars bonds IssUed by said aId City and due duo and payable January 1st lilt 1924 that said bonds bondA shall be of tho the denomination of One Ono Thousand Dollars Dollar each numbered from 1 tb 16 both Inclusive bearing bearin Interest at the rate of ot five per cent 5 per e annum n payable a annually semi u uIn r j l first days of January and July In each year jear ear and payable serially as at a follows on the first day of January A A. A D D. 1925 1923 and on the first day clay of January each succeeding 3 year ear thereafter up 11 to and Including the first do day of January A A. D D. 1943 and on the first day of January January Janu Janu- ary A A. D D. D. D 1944 Said bonds bondA and each of them shall II bo be except as to consecutive tive numbers and dates datu of maturity In substantially the following form UNITED UNITE STATES OF AMERICA Vl STATE T OF UTAH SALT LAKE CITY REFUNDING BOND SERIES OF JANUARY 1 1 I A A. A D D. 1924 No 1000 00 KNOW INOW ALL AM MEN BY THESE PRESENTS That S Salt Lake City in Salt Lake tat ij C County State of Utah hereby ac ac Itself to bo be indebted and ande for V value received ec promises I to pay to gt the tho bearer e hereof the tho sum of ONE ONn THOUSAND DOLLARS 1000 1 in lawful awful money of the United States of ot America on the tho first day of January n D tt er il oJa oJan A D 19 19 at the tho National Park Bank in Sn New York CIt City N N. Y with Interest thereon at nt the tho rate of ot five the per cent 5 I per cent per annum from date until un- un until until un un- til paid payable semIannually in like money mone on the tho first flut days of ot January and Jul juh JulIn In each year ear at the same place on on presentation and surrender er erot of ot the annexed coupons as they beCO become be- be CO como come due This bond nd Is III Issued for the tho purpose Os of refund refunding In valid outstanding bonded Indebtedness of said City and Is hone ono one of a A. series of four hundred and ninety bond bonds 0 of like lUe date dato ana ane amount numbered from m 1 to both Inclusive inclusive sive lIve and known as all Salt Lake CIt City City- Refunding Bonds Series of January let 1st 1924 for the tho aggregate sum of Four Hundred and NInety Thousand Dollars Issued under and pursuant to the provisions of the Constitution Constitution Con Con- and Laws of the State of Utah The Board of Commissioners of lIal said 1 Salt Lake City shall annually levy lew lewa levya a a. sufficient tax to pay the Interest on onon onon onon on said eald bond bondas as it falls falla due and al also alsoto alsoto o oto to constitute a. a sinking fund for the tho payment of the tha principal thereof as asIt asit It falls due It is hereby certified recited and declared that all conditions acts and things essential t to the validity of this bond s e exist have lv happened and have been done and that every requirement of law affecting the I issue suo thereof has been heen duly complied compiled with and this bond bondIs Is within every debt and other limit prescribed b by- by the bytho tho Constitution and Laws of said State and that the faith and credit of said Salt Lake City Is hereby irrevocably pledged to the punctual payment of the principal and Interest Qt thIs bond according to its terms IN IN WITNESS WHEREOF Salt Lake City ha hll has caused this bond to be bo signed by It its Mayor and City Treasurer Treasurer Treas Treas- and nd It Its cOrpOrate corpora seal to be affixed affixed affixed af af- fixed hereto attested by Its City City- Recorder and the annexed coupons to bear the fac simile signature of the tho City Treasurer an as of the first day of ot January Januar A A. A D D. 1924 Attest Mayor City Treasurer City Recorder STo To each of raid said bon bonds shall halt be Attached at attached attached At- At a 1 coupon tor for each Installment of interest contemplated by said bond which said coupons shall b be consecutively consecutively u f numbered b eul beginning g with If Number Num Num- Number ber i 1 1 with the several dates of payment payment pay pay- ment And nd number of bond and shall bear blar the fac simile signature nature of ot wild said City Treasurer and said lAId coupons and each fRd of them shall be In substantially the following form to wit Form of Coupon No o. o 2500 January Januar On th the first da day daF of or Jul July A AD V D 19 19 Salt S Lake CIl city Utah will will pavo pay to o bearer hereof at the e National n Park Bank a arr In New York o City i N Y I TWENTY FIVE POI DOLLARS LARS 25 2500 00 I In lawful money of the t United St States tes of America merlea being six months month Interest I t then en due on its Refunding Bond series aeries of ot January 1st A A. A A. A D D. D 1324 Bond No City CIt Treasurer Treasurer There shall also be endor ed on each of said bonds the following I hereby certify the within bond Is within the lawful debt limit of Salt Lake City Utah and Is le issued according to la law City Auditor Said bonds and each of ot them shall be signed by the tho Mayor and City Treasurer and sealed with the seal of said City and thi tl said coupons shall bear the fac simile sl signature re of the City Treasurer The Mayor Maor and City Treasurer of said City are lire each hereby empowered and directed to sign and the tha City Recorder to sign and atte attest t and I affix the corporate seal of said ald City to each ach of said saM bonds and the acts of ot I IsaId said Mayor Maor Treasurer and Recorder In so doing are and shall be the tho act and deed of said Salt Lake CIt City City- All Alt the covenants covenants statements representations representations representations rep rep- and agreements contained In said bonds and coupons and all recitals re recitals recitals re- re and representations of this or ordinance ordinance or- or are r hereby e considered r and dae b understood and and it ft Is hereby ordained al aland and declared red that said eald covenants and promises therein are the tho covenants and promises of said eald Salt bait Lake City and that the tho representations and statements therein are the representations representations I and statements of said aId City And it 1 is 1 urther further stated slated and represented represented represented that Salt Lake CIt City Is A R. municipal municipal municipal mu mu- corporation and a City of the First Class Clas under the Constitution and Laws Iowa of ot tho the State of Utah I SECTION 2 2 Tho The Interest falling I duo due ue on sold said bonds on the tho first day of Jul July A A A. D D. D 1924 shall be paid out of ot I the tho general fund of said City and nd for tor forthe forthe the purpose of reimbursing said general general gen gen- eral fund for the payment of said In Interest Interest In- In terest and for tor the tho purpose providing for the tho payment of the interest falling due on said eald bon bonds on tho the first flut day dar of ofU January U A A. A D 1925 2 n and on the tho f first day of July 1925 an as B well as for the tho payment of the principal fatting falling due dueon dueon dueon on January 1st A A. 1 D D. 1925 thero there shall be he levied by bv the Board HOard of ot Commissioners Commis Commis- of said City on all taxable property in said City In addition to all other taxes n a direct tax in the year ar 1924 sufficient to produce the tho sum o of 1 t 00 being Interest re 36 36 3 roo and principal 25 And n to meet tho the Interest accruing on said Id bonds bond thereafter promptly and as all the tho same samo becomes due and to pa pay the principal of said bonds bond II as they severally severally sever sever- ally become due duo there shall be levied on all taxable property in said eft City In addition to all other taxes a direct annual tax as follows In the year ear 1925 sufficient to produce the sum of 47 00 be being beIng be be- ing Interest 00 and principal 00 IO In the year jear 1921 1926 sufficient to produce the sum Rum of 00 be being being be- be ing Interest t 00 and principal 00 In the year 1927 sufficient to produce the sum of be being be- be ing Interest 00 and principal In the year ear 1928 sufficient to produce the sum of ot 00 be being be- be ing interest 18 00 and principal 00 In the tho year jear ear 1829 1929 sufficient to produce the tho sum luin of 00 be beIn be- be ing In Interest 1162 00 and principal 2 0 In the year ear 1930 sufficient to produce the sum of or 00 be being be- be ing Interest and md principal P al c cIn 00 In the year 1931 sufficient to produce the sum of be be- be beIn ing In Interest 00 and principal 00 In the year jear 1932 sufficient to tor produce produce- the sum of 00 beIn being be- be r In ing Interest er 00 and principal 1 cl i Op In the year 1933 sufficient to produce d the sum of 00 be beng f ing ng Interest 00 and principal Y j 2 00 I In the year jear 1934 sufficient to to produce the sum um of 36 00 be beIng being be- be I ing Interest 00 and principal 25 00 In the year Jar 1935 sufficient to produce the tho sum lIum of v 35 00 being be be- ing Interest 00 and principal 25 00 In tho the year car 1936 sufficient tc t t. t produce dUI the sum of t 33 3 00 be be- be f ing interest er i s ss s. s 00 and principal i 21 00 In the year ear 1937 sufficient to tor produce the sum of 32 00 being be- be I r ing Interest 00 and principal i 2 00 O In the year jear 1938 1939 sufficient to tor produce d the sum of 3 00 be- be bein r Fn in r interest lr i 00 and principal Y ij 00 In the year ear 1939 sufficient to produce d the sum of 3 00 beis belie be be- r. r lie is Interest 5 KB 00 and principal cl i 00 In the year 1940 sufficient to produce d the tho sum of t i 28 On bein being be- be in ing Interest er i 3 00 and principal cl i 25 00 In the year vear 1911 sufficient to produce the sum of ot 00 be- be r in ing interest and principal principal 00 Jn n the year ear 1542 1942 sufficient to too rod ce the um sum of OO be bs- lug Ing interest 1375 00 and principal principals 00 r v I In the tho year sear 1943 sufficient to to to produce the sum of 00 baIng baine ba- ba ba- ba in ine Ing Interest 00 and principal 15 00 Said taxes tan when hen collected shall hall b be- be applied t solely It re for rn the tho e purpose of pavIng paving Ing the Interest and Jr principal p l of said 1 bonds respectively and for no other purpose whatever until the Indebtedness Indebted Indebted- ness so contracted under this nance principal and Interest shall have haTe been fully tully paid satisfied and discharged but nothing herein con con- tamed shall be so construed as aa to to prevent said eald City from applying sn an another any other funds that may mav may be In the City Treasury e and db available b for t the purpose our pur- pose to t the tho balance of ef said Interest tr t or principal the as all same respectively'S mature and the let levy len l' l or levies herein provided for may mav thereupon to that extent be bo diminished hed and the sums hereinbefore provided for to meet mft the tho interest on said eald bonds and to charee charce the tho principal wh when n due aro ars hereby appropriated p g atteo for that a purpose and said amount for each year e shall t tr also be Included c In the tho h a annual appropriation ap- ap ap r I bills passed e bv by v the the- Boa c of ot Commissioners Commissioner of or said Salt Lako CIt Cla In each ah year ear re respectively SECTION S 8 3 That all ordinances and resolutions or parts of ordinances ordinance and resolutions In conflict with thee th provisions hereof be bo and the tho flam samo are hereby repealed pealed and after said alA bonds are issued this ordinance hall be bo and remain until saidi said bonds and the interest thereon shall halL have bae been fully paid satisfied and discharged as herein provided SECTION 4 4 In the tho opinion of th the th Board of Commissioners of said City It Is necessary to the peace health I and safety a of said City that this w lo a nanco c become e operative Immediately Immediately- It I SECTION 5 5 NOW OW THEREFORE be bl it ordained that an emer II emergency ency 1 Is h h hereby herby r bv declared and ind this ordinance shall take ko effect and be bo in force upon the day dav of its passage sa e. e approval and and- publication i PASSED PJ b bv by the Board of ot Commis i J i of ot Salt Lake City Utah nn and I BER this Oth day of DECEMBER DECEM- DECEM BER 1923 C C. CLARENCE Attest Mayor or M W A LEATHAM LEATHA 1 w City Recorder 1 Seat Seal BILL RILL NO 54 C. C Published December Uti |
