| Show AN ORDINANCE AN A ORDINANCE ORDNANCE PROVIDING FOR FORTHE FORTHE THE ISSUANCE AND AD SALE OF OP ONE MILLION FIVE HUNDRED THOUSAND THOUSAND THOU THOU- SAND SAN DOLLARS DOLLAS TAX TI ANTICIPATION BONDS DONDS OF SALT LAKE CITY UTAH SERIES SEI OF JANUARY 16 1934 1034 WHEREAS there Is Immediate and pressing need for tho the raising of funds fund to the amount of One Million lUlon Five Hundred Thousand Dollars DolI 1500 for the of ot meeting the current curent expenses of the City for the year 1934 until tho the payment of ot taxes tc for the year 1934 and WHEREAS the tax revenues of Salt Lake Lako City Utah Ut for tho the year 1934 will wi aggregate Two Million Fifteen Fifteen Ff- Ff teen Thousand Dollars 2 and tho the total revenue from all nl as assessed as- as o- o oes es c sources source will wm aggregate Two To Million Seven Hundred Eight Thousand Thousand Thou Thou- Tou- Tou sand Five Hundred and 00 10 00 2 00 0 Dollars Dolls end and WHEREAS the sum awn of or One Million Five Hundred Thousand 1500 00 Dollars required now to t be raised Is not In C excess of said Eald revenue revenue revenue rev rev- as I estimated for the the- year 1934 WHEREAS the bid of ot tho the First National Bank Salt Sat Lake City First National Bank Ogden Utah Utah State National Bank Salt Lake Lake- City Continental National Bank Trust Company Salt Lake CI City J J. J A. A Hogle Ac Company Salt Lane Lase Lae City and td Walker Bank b Trust Tt Company Salt Sni Lake City Is 1 hereby declared by the Board Boad of or Commissioners Commis as us a being the highest best and most mot advantageous bid received for the tho purchase purche of ot part of said bonds bond and to the tho best Interests Interest of said City which bid has ha been duly duy accepted by said sd Board Boad of ot Com Corn missioners NOW THEREFORE THEORE BE IT ORDAINED ORDAINED OR OR- by the tho Board Boad of Commissioners Commis of or Salt SnIt Lake Lako City Utah Uta SECTION 1 1 That Tat Salt Sat Lake Lako City Utah for the purpose of or meeting current curent expenses of ot salt said city for tor forthe forthe the year 1934 until the tho payment of ot taxes for the year yeu 1934 1931 shall borrow borrow br- br bor bor- row rw the sum of or One Million Five Hundred Thousand Dollars 1500 00 antI and nd for that purpose as a evidence evi evl- dence dance of ot such indebtedness shall ahll Is Issue issue Is- Is sue sell and deliver delver three hundred seventy bonds bonds bond numbered numbered num num- bere one 1 to t two hundred 20 both e. being In the denomination denomination denom denom- of Ono Thousand 1000 Dollars each each bonds numbered two hundred ono one to two hundred eighty both Inclusive being bIng In i the tho denomination of Five Thousand Thousand Thou Thou- sand sad Dollars each and bonds numbered two hundred eighty eighty- one to three hundred hude seventy both Inclusive being In the denomination of or Ten Thousand Dollars each and shall sell sel bonds In the sum of or One Ono Million Milon Mil MU- Mi- Mi lion lon Dollars numbered num num- bored bere ono one 1 to one hundred 0 both Inclusive In the denomination tion ton of ot One Thousand Dollars Dolar each bonds numbered two hundred one to t two hundred sixty both Inclusive In the denomination of Five Thousand Dollars each and bonds numbered two hundred one eighty 21 to three Hundred Forty Fory 3 10 both Inclusive In tho the denomination tion ton of ot Ten Thousand 10 Dollars Dolar each of or said Eald Issue of ot saId cald caldOne One Million Five Hundred Thousand Dollars Dola Tax Ta Anticipation Bonds Bond dated dated January Januar 16 Hi 1934 to the First FIrt National Salt Lake Lako First Bank Sal Lae City Firt National Bank Ogden Utah Utah State National Bank Salt Sat Lake Lae City Continental National Bank Trust Company Salt Sat Lake City J J. J A. A Hogle Hoglo Ho- Ho gb glo gle Company Salt Lake City and Walker Alker Bank Dank Trust Company Salt Sat Lake Lae City in accordance with their bid duly accepted by the Board Boad of ot Commissioners and upon receiving payment tho the City Treasurer Treasur Treasur- er shall shaH and hereby Is authorized and directed to deliver delver said eald sad bonds to t said eald sad purchasers The Tho Te remainder of ot said eald issue Isue shall be sold at sit at such suc time or times and andor for or such price or prices price and ad under uder such suc terms term and anti conditions as M the Board of Commissioners may mY determine de do- termine to t bo be for tho the best bt Interests of ot the City and thereupon and upon payment of ot the purchase price there there- for tho the City Treasurer shall and hereby Is authorized and ad directed to deliver del the same to t the purchasers purchasers pur pur- ch chasers there thereof or Said bonds shall shel bear bea date dat of ot January 16 16 1934 with Interest at atthe atthe the tho rate of ot four and anti 00 10 00 4 per cent per pr annum anum payable semiannually semi semi- annually on the day of ot July 1934 and the tho ay of January 1935 both principal and ad Interest payable at the tho National City Bank of or New York 55 Wall Wal street New NewYork NewYork NewYork York City N. N Y Said Sad bonds are designated Salt Lake City Tax Tox Anticipation Bonds Series Sene of ot January Jan Jan- uary 16 1934 Said Sad bonds shall be duo and payable on the day of January A. A D. D 1935 In lawful money of the United States Stat and anti shall bear bar interest from tho the day of January Januar A. A D. D 1934 Said bonds bond shall be signed by the tho Mayor and ad attested by tho the City Recorder under the seal of tho the City and ad said eald coupons shall bear bea the tho to facsimile signature of the City Treasurer Said Sad bonds anti and ad coupens coupons cou cou- pens pons shall be bo registered In a book bok kept by the City Auditor for that purpose and the City Auditor shall endorse on each of ot said bonds the certificate required by law Said bonds and ad each eath ec of them are ae except as a to numbers number and amount In substantially sub sub- the tho following form wit to STATE STAT OF UTAH COUNTY COUNT OF SALT SAT LAKE LAE SALT LAKE CITY CIT TAX ANTICIPATION BOND Series of ot January Januar 15 16 1934 No KNOW ALL MEN BY THESE PRESENTS That Tnt Salt Sat Lake City CIr In Inthe Inthe Inthe the County of Salt Lake In the State of or Utah hereby acknowledges Itself to be b Indebted and for value re received received received re- re hereby promises to t pay to bearer barer hereof the sum of ot Thousand S. S Dollars In lawful money of tho the United States on the day dRY of ot January A. A D D. 1935 at the National City Bank of New York 55 Wall Wal Street New York City N. N Y U. U S. S A. A with Interest thereon at nt the tho rate of four tour and ad 00 0 4 per pr cent per pr annum from date elate until paid pad In like money payable payable payable pay pay- able semiannually on the day dayot of ot July 1934 and the day of January 1935 said Interest to maturity ma ma- being represented by Interest coupons hereto attached This bond Is one ono of a series sere of ot Three Hundred Seventy bonds bond of ot like lkc tenor and effect numbered ono one 1 to Three Treo Hundred Seventy both bond numbered numbered num nurn- one 1 to Two To Hundred 20 both Inclusive being In the denomination denomination denom denom- of One Thousand Dollars 1000 1000 00 each bonds numbered two hundred one to two hundred eighty both Inclusive being In the tho denomination of Five Thousand Thousand Thousand Thou Thou- sand Dollars each anc and bonds numbered two hundred one eighty-one 21 to three hundred seventy both Inclusive being In tho the denomination of Ten Thousand Thousand Thou Thou- Tou- Tou sand sad 1000 Dollars each and ad known kown as a Salt Lake Lako City Tax Anticipation An An- A- A Bonds Series Sene of ot January 16 1934 for the aggregate sum of ol Ono One Million Five Hundred Thousand Dollars Issued pursuant pursuant pur pur- suot to Title Tto 15 Chapter 8 8 Section See Sec Se- Se Seton tion ton 6 Revised Re Statutes of or Utah Uta 1933 Tho The City of ot Salt Lake City shall levy y le In the tho year 1934 a sufficient tax ta to pay the principal anti and ad Interest on this bond as a tho the same some shall fall 1 due and this bond Is Issued in anticipation tion ton of such taxes for the year 1934 It I Is hereby certified recited and declared that the entire indebtedness indebted Indebted- ness Bess neS of ot said City hereby incurred Is not in excess of the taxes of ot said city levied or to t be levied for the current year 1934 and end that tat said In Indebtedness Indebtedness In- In was wa and Is I contracted for forthe forthe forthe the purpose for tor which said sad taxes are aB levied It I Is 1 hereby certified r recited and ad declared that all al conditions acts and ad things tings essential t to the validity Of oi this bond exist have happened and have ha been done and that every ever re requirement requirement requirement re- re of law affecting tho the issue Isue thereof has bets hl been en duly complied compiled with and ad that this bond is within every ever debt and other limit prescribed by bythe bythe bythe the Constitution and Laws Law of sold said sod State and that the full ful faith and credit of said sad Salt Lake Le City are hereby Irrevocably pledged to the punctual payment of tho the principal and ad Interest of ot this bond according 1 to Its Is terms tem IN I WITNESS WHEREOF San Salt Lake Le i c City has ha caused this bond to be b signed by Its It Mayor Its It corporate seal to bo ho 0 hereunto affixed and attested attested at at- at- at tested by the City Recorder as a of ot this day of ot January A. A D. D 1934 f. f ii Mayor r Attest city cli City i Recorder d To each ench of ot said bonds shall shon be at attached attached attached at- at a coupon for each Installment of or Interest contemplated by said bond which said coupons shall shan be I con consecutively numbered beginning i with No 1 1 with tho the several dates of payment and number of bond and shall bear the facsimile signature of said City Treasurer and said sad coUpons coupons coupons cou cou- pons and each of or them shall be ex except except ex- ex as a to numbers date and ad amount substantially In the following fol 01 lowing 10 form to wit FORM OF COUPON No 1 On the day of ot July 1934 Salt Lake City will wm pay pay to the bearer hereof at the National City Bank of ot New York City 55 Wall Wail Wal Street New NewYork NewYork NewYork York City N. N Y 7 the sum of ot One OneHundred OneHundred Dol Dollars Dol- Dol Hundred and ad 00 0 1000 Dl- Dl lars lam lar in lawful money of the United Unite six months months' States of ot America being Interest then due on its it Tax Anticipation Anticipation Antici Antici- pation paton Bonds Bond Series Serc of ot January 16 16 1934 Facsimile Signature City Treasurer Bond No No CIt There shall also be b endorsed on aso each of or said sid bonds the following City Auditors Auditor's certificate I 01 hereby certify that this bond Is within the lawful debt limit of ot Salt Sat Is Issued ac according according ac- ac Lake City Utah and I Isue a- a cording to law City City ii Auditor Auditor di SECTION 2 All Al the covenants statements statement representations and agreements contained in sold said bonds are aro hereby adopted as a covenants statements representations agreement agreements agreements agree agree- ments ment and promises promise of ot Salt Sat Lake City SECTION 3 The Te Myor Mayor of Salt SnI Lako Lae City Is hereby authorized and directed to sign and execute said bonds and the City Recorder Is la hereby authorized and ad directed to t C attest and affix the seal of Salt Sat te sea Lake Lailo Lio City to t each of or said bonds and the City Auditor is 1 authorized and ad directed to place upon said sale bonds the certificate In the tho manner and ad I form torm set forth above and ad sold said coupon coupons cou cou- polls pons pon shall bear the facsimile signature signa signa- tune ture tuo of the City Treasurer and the tc acts of said Ead Mayor City Recorder Treasurer and Auditor in to so doing are arc and ond shall be the act and ad deed dee of ot Salt Lake Sat City SECTION 4 That Tat the tho Board Boad of ot City Commissioners shall levy y In Inn the year car 1934 a sufficient tax tn to pay principal and ad Interest on said bonds as the same shall fall fal due and ad forthe forthe for forthe the payment of said sad bonds the full ful faith credit and taxing power of ot Salt Lake Lako City are hereby Irrevocably lre of ot City Commissioners comm Com Corn pledged and ad the Board m missioners loner hereby covenants co and agrees with the holders holder of said nid bonds to t agee levy lev in In the year yer 1934 1931 sufficient taxes tae to t provide for the payment of ot the principal and Interest of said Id bonds SECTION 5 That Tat an a emergency Is hereby declared and in the opinIon opinIon opinion ion of the Board Bard of Commissioners because of ot tho the necessity for or funds w with which to meet the tho current ex expenses cx- cx of said city It is necessary to the peace health and safety of the tho Inhabitants of Salt Lake City that this ordinance take effect Im Immediately Im- Im mediately SECTION 6 This ordinance shall take effect upon its first publication publics publics- tion Passed by the Board of Commis Commissioners of Salt Lake City Utah this thin day of December A. A D D. 1933 JOHN M. M KNIGHT Temporary Chairman Seal ETHEL MACDONALD City Recorder Bill No 21 Published December 15 1933 |
