OCR Text |
Show I NOTICE IS HEREBY-GIVEN HEREBY-GIVEN pursuant to the provisions of Section 11-14-21, Utah Code Annotated, An-notated, 1953, as amended, that on October 2, 1980, Cedar City, Iron County, Utah, accepted the bid of Kirchner, Moore & Co. for the purchase of $2,200,000 Water Revenue Bonds, Series November 1, 1980, of Cedar City, Utah, dated November 1, 1980, at the price of $2,200,000, plus a premium of $12. Said purchaser made a good faith deposit of $44,000 in connection with its bid. The Water Revenue Bonds, Series November 1, 1980, pursuant to resloutions of the City Council of Cedar City duly adopted. on October 2, 1980, are to be issued for the purpose of adquiring improvements and extensions to the water system owned by Cedar City, and payment of costs incident thereto and to the authorization and issurance of the revenue bonds, and bear interest on November 1 and May 1 and mature on November 1 of each of the years and in the amounts as follows: Year Amount Int. rate 1981 $40,000 9.80 1982 $45,000 9.80 1983 $50,000 9.80 1984 $50,000 9.80 1985 $55,000 9.80 1986 $65,000 9.80 1987 $70,000 9.80 1988 $75,000 9.80 1989 $80,000 9.80 1990 $85,000 9.80 1991 $130,000 9.80 1992 $135,000 9.80 1993 $150,000 9.30 1994 $160,000 9.30 1995 $175,000 9.30 1996 $185,000 9.40 1997 $200,000 9.60 1998 $220,000 9.75 1999 $230,000 9.75 Copies of Resolutions Numbered 80-6 and 80-6A adopted on October 2, 1980, by the City Council of Cedar City authorizing the issurance and confirming con-firming the sale of the above described $2,200,000 Water Revenue Bonds, Series November 1, 1980, are on file in the office of the City Recorder of the city, in the City Hall, where they may be examined during regular business hours of the City Recorder from 8:00 o'clock a.m. to 5:30 o'clock p.m. Said resolutions shall be so available for inspection for a period of at least thirty (30) days from and after the date of the publication of this notice. |