OCR Text |
Show I I Ordinance Ordmance .o o 1\o 1 r : < . ? \ > o 1An 1 1An An ordinance ordering ordermg calling callmg and andproVldmg andproviding andproviding proVldmg providing for a special electon to tobe tobe tobe be held In fn Moab City for tor the pur purpose purpose purpose pose of submitting to the quali- quali qualified qualified quali qualified - fied tax paying paymg electors of Moab MoabCity MoabCity MoalCity City Grand count counti ) } Utah the thequestion thequestion thequestion question of incurring and creating creat treat creating treating ing a bonded indebtedness by the theIssuance theissuance theissuance Issuance of " , water ater revenue bonds bondsm bondsin bondsin m in the amount of $25000 25000 $ for the thepurpose thepurpose thepurpose purpose of defraying defraymg in part the thecost thecost thecost cost of the acquisition of Moab MoabPIpe MoabPipe MoabPipe PIpe Line Lme Company s entire water watersystem " watelsystem ater atersystem system and " water "ater ater rights nghts the pur purchse purchase purctnse ch\se ch se chase ' \ of Somen Somenille Somerville 1lle soring Drmg Suring "ater ater eater "aterTIghts eaterrights " waterrights TIghts rights and of the construction of ofbetterments ofbetterments ofbetterments betterments replacements andextensions and andextensIOns andextension extensIOns extension to the city citys s present presentwater presentwater presentwater water system and of said water watersystem watersystem watersystem system to be so acquired acqwred such suchbonds suchbonds suchbonds bonds to be payable pa } able solely from fromand fromand fromand and secured by a pledge of the thenet thenet thenet net revenues of the entireater entire \\ater ater water watersystem ' \ watersystem atersy sy system tpm as enlarged by such pur purchases purchases purchases chases and after the construc construe constructlon construetion construetlon tlon tion of such betterments replace replacements replacements replacements ments and extensions extension extensionWHEREAS e extensionsWHEREAS tensJons tensJonsWHEREAS WHEREAS it is hereby found tobe to tobe be ne essary for the immediate inunedlate pre preservation preservation preservation servation of the health and safety safetyof safetyof safetyof of Moab City Utah and of its In InhabItants inhabitants inhabitants habItants that the Clt Citi City ) s w " "ater ater eater "atersystem eatersystem atersystem system be enlarged by the purchase purchaseof of Moab Pipe Line Lme Company s en entire entyre entire tire tyre " , water ater s system stem togetherIth together \\Ith Ith with withsand ' \ withsaid IthsaId saId sand Compani Compan Company s " water "ater ater rights TIghts and andthe andthe andthe the purchase of SomerviIIe SomervIlle Springwater Spnng Spring Spnng"ater Springwater "ater ater water " rights nghts and that said City Cityconstruct Cityconstruct Cityconstruct construct and complete better betterments betterments betterments ments replacements and e extensions extensionsto tenslons tenslonsto to the City Citys s existing eXlStmg water system systemand systemand systemand and to saIdater said ' \ water \\ater ater eater system to be so soacquired soacquired soacquired acquired andWHEREAS and andWHEREAS andWHEREAS WHEREAS it is hereby found foundnecessary foundnecessary foundnecessary necessary tor for such purposes t'1at t1at that t'1atthe thatthe thatthe ' the City borro \ v \ money and Issue Issuerevenue issuerevenue issuerevenue revenue bonds payable paable } from andseemed and andsecmed andseemed secmed seemed toi by Ib } a pledge of the net netlevenues netrevenues netlevenues levenues revenues of the entire " water "ater ater eater system systemof systemof of said City as enlarged by such suchpUlchases suchpinchases suchpui pUlchases pinchases chases and after the construc construe construction construetion construetlon tion of such bettelments betterments bettel ments Icplace replace Icplacements replacements icplacements ments and e extensions tenslOns andWHEREAS andWHEREAS and andWHEREAS WHEREAS m in full tull conformIty conformItywIth conformitywith conformitywith wIth the laws la\s la s \ , of the State of Utah Utahand Utahand Utahand and partlcuJarly1th particularly partlcuJarly ' with \1th 1th \ Chapter 22 22I 22Laws 22Laws Laws SpecialSe'ssion SpecialSession SpecialSe"5lOn SpecialSeuion of Utah 1933 Second Special SpecialI Se"5lOn Se5lOn Seuion commonlyknown " ' as amended commonly kno\\n kno n known \ as the Revenue Bond Act Actof Actof of 1933 providing for the Issuance Issuanceof issuanceof issuanceof of levenue revenue bonds oonds by b ) cities cltles in m the theState theState theState State of Utah for the purpose purposeamong purposeamong purposeamong among others of improving and andrepaIring andrepairing andrepairing repaIring systerns systems systents their existing existmg water sys tems tents and the purchase ofater of \\ater ater water watersystems ' \ watcisystems atersystems systems the City Council of Moab MoabCIty MoabCity MoatCity CIty by Resolution No 1 hereto heretofore heretofore heretofore fore adopted by not less than a at ato atwo t to " 0 thirds thuds (2 2 ( 3) 3 ) vote has de deI determined determined defcermlned termined to pioceed ploceed proceed undpr undAr und r said art act artto arf I Ito actIto to purchase Moab Pipe Line Gorrpanys ( , Corn Gorr om ompany pany panys s entire water system togeth together er with said company s water righ rlgh sand sand s and to tG purchase SomerviIIe Somerville Sprmg Spring Sprmgwater Springwater Sprmfwater water rights and to construct and andcomplete andcomplete anccomplete complete necessary bettermentsreplacements bettermentsreplacements betterments replacements and extensions to the th thCitys < City theCity Citys s existing water system to b bso be beso < so 50 acquired acqUlIed andWHEREAS andWHEREAS and andWHEREAS WHEREAS pursuant to said . Act Acta Acta Acta a comprehensive e1 > e&timate etimate estimate & tlI11ate of the thecost thecost thfcost cost of the purchase of said water watersystem watersystem watelsystem I I system of Moab Moalb Moats Pipe Line Com- Com Company Company Com Company - pany together with its water waterrights waterrights watelrights I rights and of said Somervill Somerville < SomervillSpring SomervilleSpring Spring water rights and of the thecost thecost th thcost < cost of the construction of such nee- nee nec- nec necessary necessary neeessary - - essary betterments replacements replacementsand replacementsand replacementsand existinjwater existingwater and extension to the Citys City s existing water system and of said water watersystem watersystem watelsystem system so to be acquired acquITed and a acomprehensive acomprehenhe a comprehenshe comprehensive comprehenhe estimate of the cost costof costof of operating the City Citys s water SjS sys sstern } tem tern SjStem systern enlarged enlargee ! by such additions I and after the construction constcuctlon and andcompletion andcompletion ! I completion of such betterments replacements re replacements ' reI I placements and extensions e'Ctensions eCtensions ' and a acomprehensive acomprehensive , comprehensive estimate of the net netoperatmg netoperating netoperating operatmg operating revenue thereof has been beenmade beenmade beenmade made by a competent engineer engmeer ap approved approved approved 1 proved by the State Engineer of ofthe ofthe ofthe the State of Utah which compet competent II lent competlent ent I engineer engmeer is hereby found to tohave tohave tohave have ] no connection cOllnectlon witn wltn wttn any manufactuier manu manufactUler manufactuier factUler factuier or seller selJer of machinery machinerypIpeS machinerypipes machinerypipes pIpeS or other equipment to be beused beused beused used in said project or the Instal Installatlon installation mstallation latlon lation thereof or " with "Ith Ith an ; private privatepersall privateperson priiateperson persall person or corporation engag engaged engag'd engagd ' d 111 in 111the inthe inthe the same business busmess and said Clt\ Clt City CltCouncil CityCouncil CityCouncil ; \ ' Council has heretofore approved approvedadopted approvedadopted approvedadopted adopted and filed Ned said estimates estimatesand estimatesand estimatesand estimatesandWHEREAS and andWHEREAS WHEREAS pursuant pursuaht to the proiisions pro pro'lSlons provisions 'lSlons lSlons visions ' and requirements of the theConstItutIOn theConstitution theConstitution ConstItutIOn and laws la"s las " of the State Stateof Stateof Stateof of Utah particularly Section 3 of ofArticle ofArticle ofArticle Article 14 of the Constitution of ofUt ofUtah ofUtah Ut Utah h and of Section 15 7 8 Re Revised Revised Revised vised Statutes of Utah 1933 it IS ISnecessary isnecessary isnecessary necessary to obtain obtam the assent of ofthe ofthe ofthe the qualified tax paying electors to tothe tothe tothe the incurring mcurrmg of a bonded indebt indebtedne indebtedne"s indebtedne's indebtednes edne"s ednes edne ' < " s by the Issuance of revenuebonds revenue revenueI revenuebonds revenuebonds bonds payable from and secured securedby securedby securedby by a pledge of the net revenues of ofthe ofthe ofthe I the entire water ater system of Moab MoabClt MoabCity MoabCiti Clt City to defray in 111 part the cost of ofpurchasing ofpurchasing ofpurchasing purchasing Moato Moalb Moab Pipe Line Lme Com Corn Company Cornpanys Cornpanys pany panys s entire . water .ater ater system togeth together ComI I er " with "Ith Ith its water "ater ater " rights rJghts and the thepurchase thepurchase thepurchase purchase of SomerviIIe SomervlJe Somerville ! Spnng Spring SpnngI Spnng"ater Springwater Springwater I "ater ater water " rights nghts and the cost of saId saIdnEcessary saidnecessary saidnecessary nEcessary : betterments replacements replace replacements replacements saIdI I ments and extensionsNOW extensions extensionsNOW NOW therefore be it ordained by bythe bythe bythe ! the City Council of Moab City CityUtah CityUtah CityUtah byI I Utah as folio follows " s sI I Section 1 That a special elee eke eleeLIOn ekeLion elec.ion elecion LIOn ( . be and the same is hereby herebycalled herebycalled herebycalled . called to be held in Moab City CityGrand CityGrand CityGrand Grand County State of Utah on onSaturoay onSaturday onSaturoay Saturoay Saturday September the 24th day of Septem ber A D 1938 for the purpose pw-pose pw pose - of ofst.bmlttlng ofsubmitting olsubmitting st.bmlttlng stbmlttlng submitting . to such qualified elee eke eleetors eketors electors tors of said City as shall have paid paida paida a pioperty ploperty property tax in m said City CltV in m the theiear year ear preceding such election the thequestion thequestion thequestion theI I question ofhether of \ whether \\hether hether or not revenue revenuebonds revenuebonds reienuebonds bonds of said City CJty in the amount amountof amountof , of Twenty five Thousand Dollars Dollars$25000) Dollars25000 ; ( $25 25 $25000) 25000 $ 000) 000 ) pa paiable paable } able serially senally "ltl1m ltl1m within "ltl1mthe withinthe " withinthe thirtyfi\e thirtyfi e thirtyfive thirtyfife the period penod not exceeding e'Cceedmg eCceedmg ' thirty five fife \ (35) 35 ( ) iears years ) ears from their datesoleli date datesolel datesolely solel solely from the net revenues of the theentIre theentire theentire entIre " water "ater ater system of said City Cityand Cityand Cityand and bearing bearmg interest 111terest at a rate not notto notto notto . to exceed four per cent (4e (4 4 ( o e . ) per perI perannum perannum perannum I annum pa payable able semi annuall annually annuallyshall annuallyshall ! shall Chapter be issued pursuant to Chap ter 22 Laws La"s Las Laus " of Utah 1933 Second SecondSpecIal SecondSpecial SecondSpecial byChaptel byChapter SpecIal Session as amended SecondI by I Chaptel Chapter 74 Lavs La\\S La S Laus \ \ of Utah 193 1930 1930commonly 193ocommonly ; ) commonly knovn kno11 kno \11 11 vin \ ' as the RevenueBond Revenue RevenueBond ! Bond Act of 1933 for the purpose purposeof purposeof purposeI I of defla deflating defraying mg in m part the cost of the thepurchase thepurchase thepurchase purchase of Moab Pipe Line Lllle Corn Com pany panys s entire water system to together together together gether with the said Comp'lny Complny Companys Companyswater Compinyswater ' s swater water rights and to purchase purchaseSomervIlle purchaseSomerville purchaseSomerviIIe SomervIlle Spring Sprmg water rights and andto andto andto to construct and complete better betterments betterments betterments ments replacements and extensIOns extensionsto extensIOnsI to the cIty Citys s existing eJJsting " water "ater ater system systemand systemand systemand and of said water s system stem to be so soacquired soacquired soacquired acquired the net revenu revenues s of theentire the theentire entire water "ater ater " system of said Citienlarged Cit City Cityenlarged enlarged by the addition of saId saIdMoab saidMoab saidMoab Moab Pipe Line Lme Company s entire entirewater entirewater entirewater water system and of said bOmer homer bOmerVIlJe homerville bomerville VIlJe ville Spring " , water ater rifchtb ribl1l rights : . ar-l ar l al'i ali are ' ' - after afterthe afterthe afterthe the construction and completion of ofsaId ofsaid ofsaid saId betterments replacements and andextensIOns andextensions andextensions extensIOns to be oledged pledged to the thepayment thepayment thepayment payment of said revenue bondsSection bondsSection bonds bondsSection Section 2 That the Ma Mayor Ma3 > or of offoab oflfoab ofMoab \foab foab lfoab ' \ City and the City Recorderof Recorder of said City be and they he eby a1 are aredirected aledirected dlreeted directed and required to give notice noticeof noticeof noticeof of said special election by publica pubhca publication pubhcation publicatlon tion in 111 The Times Independent a anewspaper anewspaper anewspaper newspaper published in and of ofgeneral ofgeneral ofgeneral general circulation clrcuJation in slid s'lid said ' City Cit Clt } for forfive forfive forfive five (5) 5 ( ) publications once aeck a \\eck eck week weekfor ' \ weekfor eckfor for a period of foui foul four (4) 4 ( ) weeks pnor prior pnorto priorto priorto to the date of said election and andalso andalso andalso also by posting postmg copies caples of such notice 110 no 110Uce notice Uce tice in 111 three (3) 3 ( ) public and can con cansplcuous conspicuous conspicuous splcuous spicuous places in m said City pro provided provided provided vided ho\\ ho however hoever ' \ ever that if no revpaper re\\ re revs revspaper \ \ , ' , paper be published in 111 m said CIty Citythen Citythen then such posting postmg of said notice noticeonly noticeonly only shall shaJI be had and each re regi regi"tration regitration " < tratlOn agent shall also m 111 in any anyevent an ; event post copies of such notice at atleast atleast atleast least five (5) 5 ( ) da dass days ) 5 prior pnor to the thedate thedate thedate date of f < > said ele election ele-tlon ele tlon - tion in at least leastfive leastfive leastfive five (5) 5 ( ) public pubJic and COnspICUOUS COnspICUOUSplaces conspicuousplaces conspicuousplaces places " ' within 'Ithln Ithln his district dlstnct said no noI notlce notice notice I tlce tice to be m in substantially the fol follov.mg following following lov.mg lovmg lowing . form folI I : < . ? IsOTICE .OTlCE OTlCE \ OF SPECIAL BODELECTION BOND BO\D BO D ' \ \ ELECTION TO BE HELD I I\ ' . IIOAB IMOAB FSMOAE \ I \IOAB IOAB MOAB ' \ CITY GRAND GRA"IoD GRAIoD GRA\D GRA D " \ cour COUAf1 COUAf1UT COUM-lUTIH COUM lUTIH COUMlUTIHPublic .n n : < . .nI .nUT - UT UT11 \11 11 1If 1IfPublic \ I Public notice is hereb hereby given that thaton thaton thaton on Saturday the 24th da day } of ofseptember ofSeptember ofSeptember september A D 1938 a specIal specIalelection specialelection |