Show refunding ordinance THE BOARD or OF COUNTY commissioners 8 of uintah county state of utah met inet in regular ses session violl on saturday the day of march A D 1933 1935 at the hour of 10 0 clock A N mat vernal utah lue due legal and timely douce ot of sald said meeting having been given to all members as required by law and the rules of sold said board on roll call the follow in mem bers constituting a quorum were pie sent chairman willis L johnson commissioner john W weaver commissioner john 0 dolton bolton county clerk F L noel on notion motion of Commiss commissioner loner john W weaver duly seconded by commissioner john 0 dolton the following ordinance was adopted by the fol following loing vote chairman willis L Joh johnson ngon aye commissioner john W weaver ale ae commissioner john 0 bolton aye 0 0 ORDINANCE AN ORDINANCE TO PROVIDE MR FOR TILE THE ISSUANCE OF 14 DOO REFUNDING BONDS TO PROVIDE FUNDS MR FOR REFUNDING OF UINTAH COUNTY BONDS DUE MAY 15 1935 1035 KNOWN AS SERIES A BONDS DATED MAY 15 1919 and 3 00 UINTAH COUNTY bonda DUE MAY 15 1935 KNOWN AS SERIES B BONDS DATED MAY 15 1919 AND TO PROVIDE MR FOR THE LEVYING OP OF TAXES fort FOR PAY WENT OF INTEREST AND SINKING FUND ON SUCH BUCH REFUNDING BONDS the board of county commissioners of the county of uintah state of utah ordains as follows WHEREAS by the result of a special bond election duly called and me lawfully held in uintah coun ty state ot of utah on first day ot of april A D 1919 there was as authorized the issuance of uintah county utah bonds for the purpose of raising funds to construct grade repair and maintain public hig highways hals it II said county also aln tah county utah bonds for tile the purpose of purchasing machinery material and tools to be used for the construction and maintenance of public highways within the county and WHEREAS pursuant to oldan ance duly and regularly regular lF passed on july 21 A D 1919 there was L sued issued and sold road bonds of said uintah county state of lof utah designated as county bonds series A in the de nomInA tion of 1 00 each numbered from one 1 I 1 to one hundred ten both inclusive dated may Is 15 1819 1919 bearing interest at t the rate of five cent wa 5 per annum payable deml annually may lay is 15 and november IS 15 in each year maturing serially aerially in numerical order on may is 15 in each of the ye years 1930 to 1939 both inclusive SIAO also bonds of said uintah county state of utah designated as aa county bonds serles berles B in the denomination ot of si 00 each numbered from ono one 1 to thirty so 30 both inclusive dated MY may IS 15 1919 bearing interest at the rate of five per cent S 5 per annum ou cu the day of may and november respectively Wt ively in each year maturing 3 00 on may IS 15 in each ot of the years 1930 to 1939 both inclusive and d WHEREAS all of said bonds were duly and lawfully issued and sold and are now the valid outstanding obligation of said county we the interest IL and nd principal having always been paid on said bonds bonda promptly when due said bonds according to their terms being payable from taxes levied on gli all taxable property of said cald county and none of wd said thus evidenced has ever been adjudicated to be invalid in vallel and no litigation Is pending or threatened involving the validity of said indebtedness and said kald is 13 a legal valid anil and binding obligation of said county and WHEREAS out of the issue of WOo 00 county bonds series bevies A bonds bonda numbers one 1 to fifty live five 55 both inclusive have allm l arc tolore been redeemed and paid by said county and nd bonds numbers fifty six 54 56 ii to sixty six 66 both inclusive become due and pay payable 91 bl is on NW may 15 1935 aggregating the sum gum of til 11 oo 00 00 and out of 30 county bonds series A bonds bonda numbers one 1 to fifteen 15 both have heretofore been redeemed and paid by said county and bonds numbers sixteen 16 to eighteen 18 19 both inclusive become due and payable on oil may IS 15 2935 aggregating the sum of 3 00 and there are no funds ands in the treasury of said county with which to pay said bonds at maturity but there are available at the present time funds to pay current interest requirements on oil all said outstanding bonds NOW BE IT OR OIZ damned DY BY tire BOARD OF COUNTY commissioners OF COUNTY STATE OF UTAH section I 1 that for the purpose sf f paying and redeeming 11 OW 00 uintah county bbate of utah county comity bonds series A dated may 15 lia 1919 due and pa able may IS 15 1933 bonds numbers fifty six M N to sixty six 66 both inclusive bearing interest at the tha rate of five per cent wt per annum payable semiannually semi annually on en may 15 and november IS 15 in each sear and 3 uintah county state of utah county minds bonds beres ser es B dated may 15 1019 1919 due and payable may IS 13 1933 bonds numbers sixteen 16 16 to 18 both inclusive bearing interest at the rate of five per cent 51 sl I 1 per annum payable seral deml annually on may 13 15 and november 15 13 in ench eich ear there shall be issued aln tah county state of utah refunding bonds bond series of may IS 15 1935 1933 in the aggregate amount of 14 00 dated may IS 15 1935 bearing interest inhere 4 at the rate of fw four per cent trl per annum payable deml m annually on an may 15 and november 15 13 in each ear in the denomination of each numbered from one 1 to fourteen 14 both inclusive all due mid and payable may 15 1942 at the iring in ing trust company in new york city new york or at the first security trust company in salt bait lake city utah at the option of the holder bald bonds and each of them shall be except as a to consecutive numbers in substantially the following form to ait UNITED STATES OF AMERICA STATE OF UTAH COUNTY REFUNDING BOND SERIES OF MAY 15 1933 1035 no KNOW ALL MEN BY THE PRESENTS that the county of uintah in the state of utah acknowledges knoal edges itself to owe and tor for value received hereby to pay to the bearer hereof the principal sum gum of ONE DOLLARS on the fifteenth day of may A D 1942 together with interest on said bald sum from the date hereof paid at the rate of four per af 4 per annum payable semiannually on the fifteenth days of may and november respectively in each ear as evidenced by and upon the presentation and surrender of the interest coupons hereto attached its as they severally become due and both the principal anti and interest on tills this bond are hereby made payable in such funds as are on the respective dates of payment of the principal of and the interest ml this bond legal tender for debts due the united states of america at the trust company in new york city new york or at the first security trust company in salt lake city utah at the option of the hw hor r this bond Is issued for the purpose of refunding valid outstanding bonded indebtedness of said county and Is one of a series of fourteen 14 bonds of like date and amount numbered from one 1 to fourteen 14 both inclusive and known as uintah county refunding bonds series of may 15 1935 tor for the aggregate amount of issued under and pursuant to the provisions gions of the constitution ution and laws of the state of utah the board of commissioners of uintah county shall annually levy a tax sufficient to pay the interest on sold ea id bonds as the same falls due and also for the paa payment ment of the principal as it falls due it Is hereby certified recited and declared that all conditions cond tlona acts and things essential too to the validity of this bond exist have happened have been done and that ev ery requirement of law affecting the issue thereof has been duly complied compiled with and that this bond Is within every debt and other limit lin at prescribed by the constitution and laws of said raid state of utah and that the faith and credit of said uintah county Is hereby irrevocably pledged to the punctual payment ot of the principal and inte interest Test of this bond according to its terms IN WITNESS mumma 1 aalde I d county has haa caused this bond to be signed by the chairman of the bout board of county commissioners ners attested by the county clerk of said county and the seal eal of the county to be hereto affixed and to be counter signed by the county count treasurer of the county and has haa caused the coupons hereto attached to be algred by the lithographed lithographer litho graphed or engraved facsimile signature of the county treasurer and this bond Is to be dated as of may 15 A 1 U 1933 1935 lilliq L jOI INSON chairman of board of county coan countersigned Counter signed MARTIN W CURTIS county treasurer ATTEST F L NOEL county clerk to each of said bonds shall be attached a coupon for each in st aliment 0 said bonds coupons bearing consecutive numbers beginning with no 1 said bald coupons shall be in substantially the following form to wit COUPON no 2000 20 00 may on novem november ber 15 A D 19 t the he county of uintah in the state slate of utah for value received promises to pay to the bearer hereof the sum gum of twenty and no luths dollars tao 2000 do in such funds as are on the date of payment hereof legal tender for debts due the united states of america at the irving trust company in new york city new york or at the first security trust company in salt lake city utah at the option of the holder being interest due on Us its refunding bond dated the day of may A D 1035 1935 and bearing no facsimile signature county treasurer there shall be endorsed on each of said raid bonds bond the fol following losing 1 I hereby certify that this bund Is within tile the lawful debt limit of uintah county state of utah and Is issued according to law F P L NOEL 4 county audit auditor EP r 1 uintah ah county state of utah said bonds bonda shall be signed signe d by the chairman of the board of COu county rity attested by the county clerk with the corporate seal of the county properly affixed and shall hall be countersigned counter signed by the county treasurer of said county and certified by the tha county auditor of said county the me semian semi an nual Int erett coupons attached to said bonds bear the litho graphed or engrand eng raved raed facsimile aik nature of the county treasurer of said county and the preparation of said lithographed lithographer litho graphed or engraved facsimile signature of said county tl upon said coupons la Is hereby adopted by this board as the authorized and authentic signing of gald bald coupons by said bald county treasurer the th said bonds shall be registered by ehlt th county treasurer of said aid county in a book kept for that purpose wherein herein Is stated the tha number date amount of bonds bondi times and place of payment rate of interest number of coupons attached said and any other description there ajor ot for future identification section 2 the interest falling cue au on sold said bonds on the fifteenth dy day of Noe moer 1933 diall be paid out of the general fund of said county and to reimburse said general fund for said installment of interest intel est and to meet the interest falling due on said bonds on may 18 15 1938 and november 18 and also to constitute a al liking fund for the retirement of said ald bonds at mat maturity acty there shall khall be levied in 1933 1935 a direct annual tax on all taxable property in sald said county in addition to all other taxes sufficient to produce the um sum ot of 1 80 oo 00 being for inter est and 2 for sinking fund and principal and thereafter to meet meef the interest falling due on sold said bondis and to constitute a sinking fund for the retirement of said bonds at maturity there shall be levied on all taxable property in said laid county in addition to all other taxes a direct annual tax in each of the ears 1930 1938 to 1640 2940 both inclusive sufficient to pro dui abie a the sum awn of 2 00 being 00 for interest and am 62 OW 00 for principal and tn in the year 2941 there shall be levied on all taxable property in the county in addition to all other taxes a direct annuel tax sufficient ent to produce the stun iun of 2 W being 00 for in terest and 2 OW 0 00 for principal said bald taxes when shau bo be applied solely for the purple of pacing the interest and principal of said bonds respectively and for no other purpose whatever until tile the indebtedness so go contracted under this resolution prine pal and interest shall have been fully paid satisfied and discharged but no thing skein contained ahall be go BO cong construed trUEd as aa to pi event said ald county from applying any other funds that may be in the treasury and available for the purpose to the payment of said interest or 01 principal as the came res respective ly mature and the levy or levies provided heren herein may thereupon to that extent be b diminished end the th sums hereinbefore provided tor for to tc meet the interest inte iest on gald baia bonds bondi and to discharge the principal hein due are hereby appropriated toi foi that purpose and said amount for each bear eor shall also be included in the annual appropriation bills paw ed by the board of county commissioners ners of ulilah county tin IB each i ear respectively section 3 allot all of haia hald bonds and each of them shall be signed by bt tilt th chairman of the board of county commissioners attested by the county clerk and countersigned counter signed by the county treasurer of said county the tha coupons attached to said bonds shall boar the facsimile signature of said county treasurer the chairman and treasurer aro am hereby authorized end and directed to sign and the clerk to attest and affix the seal of said county to each of told said bonds and the act of sold said chairman treasurer and clerk in so doing are and shall be the act and deedom deed of uintah cour county state of utah section 4 said bald bonds shall oh all be issued in place of the bond to be refunded in such IL way that the debt of uintah county Is not increased through tilt the issuance 0 of these bonds diction 5 that the said bonds in the amount of 14 00 consisting of bonds numbers one 1 to fourteen 14 both inclusive when properly issued shall it be delivered to the purchasers upon receipt of the purchase price thereof section 0 that thai all resolutions and orders or parts of resolutions and orders heretofore passed in conflict herewith be and the tame borne are hereby revoked repeated repealed and rescinded section 7 that this ordinance shall be in effect fifteen days af ter its pas passage sago and before the expiration pi ration of eald bald fifteen days the 68 saino me ahall be published with aith the name of the members voting tor for and against the same came for at least one week in the venial express a newspaper published in vintah county utah PASSED AND APPROVED by the diard of county commissioners of uintah county state of utah this day ot of march 1935 commissioners Commis loners willis L johnson john W weaver and john 0 bolton voting in favor of the passage and adoption of this ordinance and no member of said mid board voting against the same bame APPROVED this day of match march 1931 1935 WILLIS L JOHNSON chairman board of county commissioners commissioner uintah county utah ATTEST P F 4 NOEL county clerk SEAL uintah county utah |