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Show Page THE 6-- A, LEADER-TH- 8, 1975 GARLAND TIMES, May E GEKEMI. OBLIGATION BDSFITL (1) the said town will have Incurred within six months after delivery of the bonds substantial bindlr obligations with respect to said facilities; architectural said binding obligations comprising Utah. West ai with WOKD $1,000 DOH ALL l BT ttet tte THESE Elder County, Utah, for vlu reeelWd, hereby Itself to be Indebted and praedses U pay to the bearer hereof the sua of Gflffi THOUSUD OOLUBS ($1,000) on the first day of May, 19 with interest thereon fron the date hereof witil pyent or principal Box In the City of Traaonton, Utah. Anerlca at Bear River Stat n bonds of Ilka data, tenor This bond 1 one of an Issue of effect, except as to maturity and option of redemption (and Thousand interest rate) accregatlng the sua of .00 72.000 of the Issued for purpose Dollars (t defraying part pt the cost of acquiring, by purchase or construction, an Interest in the forth Box Elder Coaaunlty Hospital to be located In Treaonton, Utah, and and to be Howell together with other municipalities In Box Elder County, Including the acquisition of land, equipment and furnishings therefor, under and by virtue of and In full conformity with the Constitution and lava of the the Internal Revenue resolution duly adopted by the Board of Trustees of said town on April 9, 1975. covenants Howell Is to levy annually a tax sufficient to pay the Interest on this bond as It falls due and also to constitute a sinking fund sufficient to pay the principal when due. The bonds of the Issue of which this bond Is one maturing after Kay 1, 1986, are subject to the right of said town to redeem the same on Hay 1, 1986, and on any Interest payment date thereafter, in Inverse numerical order, at the price of par and accrued Interest to the date nd Board of Trustees of the Town of The by law required fixed for redemption, plus a premium of three per cent (3)0 of the principal amount of each bond so called for redemption. Notice of the call of any of the bonds for redemption shall be given not less than thirty (30) days prior to the date fixed for redemption, by publication of an appropriate notice one time in a financial newspaper or Journal published In the City of New York, New York, or Chicago, Illinois, and by registered mall sent to the place of payment of the bonds and to Burrow's, Smith and Company in Salt Lake City, Utah. every requirement of law affecting that this duly complied with, and limit prescribed by the Constitution full faith and that the Interest on IN WITNESS this to bond and other and laws of the State of Utah, credit of the Town of are Howell pledged to the punctual payment of the principal hereby Irrevocably and and the issue thereof has been is within every debt bond this the WHEREOF, be signed by Town of to its terms. bond according of Section 8. its and countersigned by all proceedings, its officers and That Board of Trustees and resolutions and actions of this agents taken in connection with the and Issuance of the aforesaid authorisation, sale $ 72,000.00 General the Obligation Hospital Bonds, Including calling, giving notice and conducting of the election authorizing the issuance of said bonds, the canvassing of the results thereof, and the advertisement of the Notice of Bond Sale with respect to said bonds by the City Recorder of the City of Tremonton In The Salt Lake Tribune on confirmed March , 1975, are hereby 26 and approved. this resolution shall be published one time In published in the City of Tremonton, Utah, and Howell of general circulation In the Town of , and for a period of thirty (30 J days after such publication any person in interest shall have the right to contest the legality of this resolution Section That The Leader, a newspaper or of the bonds hereby "authorized or any provisions made for the security and payment of such bonds. After such time no one shall have any cause of action to contest the regularity, formality or legality of this who by the execution hereof do adopt as and for their own proper signatures their facsimile signatures appearing on each of said coupons, all as of the first day of May, 1975- - officers, its upon AND APPROVED by the Board of Trustees of the Town of , Box Elder County, this 9th Utah, day of April, 1975- - mentioned and provision day of , hereof the amount Box shown Countersigned: (Facsimile Signature clerk Obligation Hospital Bonds of the . Box Elder County, City of Garland Utah, providing for the levy of taxes to pay principal of and interest on said bonds, fixing the interest rates to be borne thereby, making certain covenants and findings with respect to the use of the proceeds of said bonds, and ratifying heretofore taken. shall be signed by the President and countersigned by the Town Clerk (the signature of said President by facsimile), with the facsimile seal of said town printed being facsimile of the Beal of the town to be printed on each of said bonds and the acts of said President and Town Clerk in so doing are and shall be the act and deed of the Town of Howell , Utah, The use of the facsimile signature of the President on the face of the bonds is hereby authorized and approved as the authentic execution thereof. All of the covenants, statements, representations and agreements contained In said bonds and coupons, and all of the recitals and representations of this resolution are hereby considered and understood, and it is hereby ordered and declared that said covenants and promises therein are the covenants of the and promises representations Town of , Utah, Howell and that the and statements therein are the representations of said Section 5. That to pay the interest falling due on said bonds as that and desirable $ 113.000.00 becomes due, and also to provide a sinking fund for the payment of the principal of said bonds at maturity, there shall be and Is this time; hereby levied on all taxable property in said town. In addition to all other taxes, a direct annual tax sufficient to pay the interest on said bonds and to pay and retire the same as hereinbefore provided. Said bonds has been advertised the same by publication Salt The this resolution, principal and interest, shall have been fully paid, satisfied and discharged, but nothing herein contained shall be so construed as to prevent said town from applying any other funds that may be In the town treaiury and available for that purpose to the payment of said Interest kni principal as the p respectively mature, and the levy or levies herein provided for may thereupon to that extent of collected under on Inviting sealed bids for the The March Tribune, a newspaper published in Salt Lake City, Utah, to the attention of potential purchasers; and the bids received pursuant to such notice have been WHEREAS tabulated and the bid Of Salt Lake City , The Continental , Utah and Trual Company Bank and associates, has been determined be the highest and best bid submitted for the purchase to of said bonds, resulting in the sale of such bonds at the lowest obtainable interest rate, said bid being in full as follows: The GoNTDs ENTAt Bank and Trust Company KM DtmniKiit: available for such purpose and such other funds aha 11 be reimbursed the tax levy proceeds become available. 72,000 00 That the sale of said Hospital Bonds herein authorised to TruH Company of SAIt Ukm City General ftM 9. 1975 (data) City of 6arland, Utah General Hospital $113,000.00 to 44 associates, at the in........Salt. Lake City, Utah, That said bonds and the u h!" "o- - Board of Truattea represents and certifies that: i n rm 1991 THRU iwo f.n coupons jr- v.-- t.ftrtlU ELDER ?;srrii ;i thereto art r. haoii r, frit AMERICA UTAH COUNTY Section 7. MEN BY THESE PRESENTS shall BOND that the City of r.,rlanH Utah, for value received, hereby acknowledges to the bearer hereof the be Indebted and promises to pay One THOUSAND 1995 t.OOl l (3) to as bonda of be like dateL tenor ' covenants and is section. any fund or account In connection with said bonds, whether by bid la made eubject to the lull unqualified approval latel aplnlon ( Maaara. CMAWltlCyiUH will pay all eapensee Incurred In obtaining aaid It being agreed that .JUL. TOU legal opinion. The printed bonda are to bo lurnlahed by 101 e.penaa. and et It forme part do exist, have happened, and have been done, and of lav affecting the Issue thereof hat been fuj. ecaaplled with, end that this bond Is within every debt and ether limit prescribed by the Constitution and laws of the State of Utah, that every its Mayor and countersigned by Its City aaid Mayor being by facsimile), with the of signature Recorder (the facsimile ef the teal of the olty printed hereon, and the coupons herete attached to be algned with the facsimile signatures of aaid bond te be signed by ae and for their own officers, who by the execution hereof do adopt on each ef said facsimile their signatures appearing prop,r tlgnaturei all aa of the first day of May, 1975. .r,TogintMrf. r from the proceeds of the Income Tax Regulations may from time to (26 CFR Part 1), as the same time extent that said Section 103(d) or regulations promulgated thereunder shall be repealed or relaxed or shall be held void by final decision of Jurisdiction, but only if any investment made by virtue of such repeal, relaxation or decision would not, in the opinion of counsel of recognized competence In such matters, result in making the interest on said bonds subject to federal income taxation, a court of competent 8etlon days hereby certified, recited and declared that all conditions, eeaentlal to the validity of this bond and the issue of - hereafter be amended, supplemented presently exist, or revised. The City Council reserves the right, however, to make any investment of such moneys permitted by state law If, when and to the . That all proceedings, resolutions and actions of this City Council and its officers and agents taken in connection with the authorisation, aale and issuance of the aforesaid I 111,000.00 Oeneral New York, or Chicago, Illinois, and published In the City of New York, sent to the mall place of payment of the bonds and to by registered Lake City, Utah. In and Salt Smith Company fnirrows, 1 of the or prior to the date fixed for redemption, by publication appropriate notice one time in a financial newspaper or Journal coupons, bid la lot prompt acceptance. l,103-- ll fixed tor redemption, plus a premium of three per cent (3tf) of the principal amount of each bond so called for redemption. Notice of the call of any of the bonds for redemption shall be given not less than It or not such sale of said bonds or from any other sources, will not be used in a manner which will cause such bonds to be "arbitrage bonds' within the meaning, of Section 103(d) of the Internal Revenue ode of 1951, as amended, and any lawful regulations and promulgated or proposed thereunder, including Sections 1.103-1- 3 moneys were derived- to levy annually a tax sufficient to pay the Interest on this bond as It falls due and also to constitute a sinking fund sufficient to pay the principal when due. The bonds of the Issue of which this bond is one maturing after redeem the same May 1, 1986, are subject to the right of seld city to date on and payment interest thereafter, In inverse any on May 1, 1986, and accrued interest to the date of at the par numerical order, price and thing 1 Said City Council also certifies and further covenants with the purchasers and holders of said bonds from time to time outstanding that so long as any of said bonds remain outstanding, moneys on deposit in law required thirty (30) have not been and are not expected purpose and to the Issuance of the bonds; and (6) to the best of the knowledge and belief of the City Council there are no facts, estimates or circumstances that would materially change the conclusions and representations set out In this State of Utah, including particularly the Utah Municipal Bond Act, a Chapter 14 of Title 11, Utah Code Annotated, 1953. as amended, and on of Council the said April 9, City city resolution duly adopted by Garland facilities said (4) Jointly The City Council of the City of work on the said facilities is expected proceed with due diligence to completion; to be sold or otherwise disposed of in whole or in part prior to the last maturity of said bonds; (5) all of the principal proceeds of the bonds are needed for the purpose stated in the form of bond prescribed, including expenses Incidental to such owned and constructed by said City of Garland other municipalities In Box Elder County, Including the with together of land, equipment and furnishings therefor, under and by acquisition virtue of and in full conformity with the Constitution and laws of the to Logap, or its share In the amount of not less than of .the estimated total cost of said facilities; (2) the City Council expects that over 85T of the spendable proceeds of said bonds will be expended on or before May 1, 1978, for the purpose of paying the cost of said facilities, said date being within three years following the date of issue of said bonds; thereafter on the first days of May and November In each year, such interest falling due on and prior to maturity payable only upon presentation and surrender of the attached Interest and TMe be devoted Design DOLLARS 113 That the principal proceeds of the sale of said bonds to and used with due diligence for the completion of the facilities for which said bonds are hereby authorized to be Issued. The City Council represents and certifies that: (1) the said city will have incurred within six months after delivery of the bonds substantial binding obligations with respect to said facilities; said binding obligations comprising, architectur.-West of Utah, contract with Garland OBLIGATION HOSPITAL are that the full faith and credit of the City of Garland of the to the of payment principal pledged punctual irrevocably hereby and interest en this bond according to its terms. ha caused Garland tj nnrtSS waRtor. the City of , to Is .f.sjiiMf Interest 1976, and semiannually this TV, appropriated (fl,0O0) on the first day of May, 19 , with interest thereon from the date hereof until payment of principal Jf) per annum, payable May 1, at the rate of per cent ( of acts of said bonds, that laid bonds, with the maturity schedule hereinbefore set out, bear Interest at the lowest obtainable Interest rate. The Town Treasurer Is hereby Instructed t make delivery of auch Section J ThU the principal proceeds of the aale of said bonds shall be devoted to and used with due diligence for the completion of the facilities for which aaid bonde are hereby authorUed to be laiued. ALL Elder County Bomb the purchase bonds to the purchasers thereof aa soon as may conveniently be and receive payment therefor in accordance with the terme of aale. to discharge the principal thereof when due, are hereby Tor that purpose. Principal and interest falling due at any time when there are on hand from the proceeds of the above tax levy insufficient funds, shall be advanced from other funds of the city available for such purpose and such other funds shall be reimbursed when the tax levy proceeds become available. Section fS. That the sale of said 1 113.000.00 General Obligation The Continental Bank and Trust Hospital Bonds herein authorized to Utah Of Salt Lake City and associates, at the Company and to of accrued date of the interest par price delivery plus a None Is hereby ratified and confirmed, It being hereby premium of e found, determined and declared, after public advertisement f or bids for the purchase of said bonds, that said bonds, with the maturity schedule hereinbefore set out, bear interest at the lowest obtainable interest rate. The City Treasurer 1b hereby Instructed to make delivery of such bonds to the purchasers thereof as soon as may conveniently be and to receive payment therefor in accordance with the terms of 6ale. bonds and 113 or Chicago, Illinois, and by registered sent to the place of payment of the bonds, and to Burrows, Smith Obligation For all of fee abort earned, legally leaned bonda, aa deaeribad In your Notice of and accrued tnlareet Sale, wblcb la made a part hereof, we hereby bid you 1 par Inlaraat and - 0 " Blue a premium ol mature ae followet price of par and accrued Interest to the date of delivery plus a None is hereby ratified end confirmed, it being hereby premium of found, determined and declared, after public advertisement for bide for The numbered or levies herein provided Tor may thereupon to that extent The sums provided for to meet the interest on said be diminished. shall be given not less than thirty (30) days to fixed the date for redemption by publication of an appropriate prior notice one time in a financial newspaper or Journal published in the which Tht Comtnenul Bank and Utah April when 0blltl and the levy Utah. any Buch redemption of an sums appropriated for that purpose. Principal and Interest falling due at any time when there are on hand from the proceeds of the above tax levy insufficient funds, shall be advanced frosi other funds of the town Section 6. principal and interest shall be payable in lawful money states of America at Bear River State Bank in the . inclusive, shall be subject to the right of the city to redeem the same in inverse numerical order on May 1, 1986, and on any interest payment date thereafter at par and accrued interest plus a premium of three per cent (3)f) of the principal amount of each bond so called for redemption. Notice of of said by the City Recorder' of the City of Tremonton 26 . 1975, of a Notice of "Bond Sale in provided for to meet the, lntjreat on said bonds and to discharge the principal thereof when due, are hereby be diminished. Both of the United 1975. purchase Lake and brought when a notice all of bonds and coupons, and construed as to prevent said city from applying any other funds that be in the city treasury and available for that purpose to the payment of said interest and principal as the same respectively mature, and WHEREAS shall be applied solely for the purpose 6f the payment of said interest on and principal of said bonds, respectively, and for no other purpose whatsoever until the indebtedness so contracted taxes , representations and agreements contained in said the recitals and representations of this covenants, statements, may This bond is one of an issue of at said election have heretofore has been determined to be necessary of said bonds be Issued and sold at It 199? 199 1995 800 8.00 effect, except as to maturity and option of redemption (and Thousand interest rate) aggregating1 the sum of One Hundred Thrcen Dollars ft 113,000.00 ), Issued for the purpose of defraying part of the cost of acquiring, by purchase or construction, an Interest in the North Box Elder Community Hospital to be located in Tremonton, Utah, and none of the bonds voted WHEREAS been Issued and delivered and town. the act and deed of the City of Garland Utah. The use of the facsimile signature of the Mayor on the face of the bonds Is hereby authorised and approved as the authentic execution thereof. All of the and and proposition; The Mayor is hereby empowered and directed to sign, and the City Recorder to countersign each of said bonds and to cause the facsimile of the seal of the city to be printed on each of said bonds and the acts of said Mayor and city Recorder in so doing are and shall be said officers. hey severally become due. Both principal of and interest on this bond are payable in lawful money of the United States of America at Bear River State Bank in the City of Tremonton, Utah. 1974, to have been in favor of said 2 July being by facsimile), with the facsimile seal of said city printed thereon, and the said coupons shall bear the facsimile signature of the a. 00 9,000 9,000 10.000 coupons Council of said duly passed on and ' itself to the result of said election was declared by the City city, sitting as a Board of Canvassers, by resolution WHEREAS . 7 Box Shall negotiable coupon general' obligation bond! Of the City Of Garland , Box Elder County, Utah, In the sum of One Hundred Sixteen Thousand Dollars ( j Ib.'oOQ 00 ) bearing Interest at a rate not to exceed eight per cent (8jf) and due and payable In not tp exceed twenty-fiv- e (25) years from the date of said bonds, be Issued and sold for the purpose of defraying part of the cost of acquiring, by purchase or construction, an Interest in the North Box Elder Community Hospital to be located in Tremonton, Utah, and to be Jointly owned and constructed by said City Garland of together with other municipalities In Box Elder County, Including the acquisition of land, equipment and furnishings the re for T General Obligation Hospital Bond, Mayor juOOO PROPOSITION thereon, and the said coupons shall bear the facsimile signatures of said officers. The President Is hereby empowered and 'directed to sign, and the Town Clerk to countersign each of said bonds and to cause the its 4 KNOW at a special bond election duly and lawfully called and in the City of Garland , Box Elder County, Utah, on August 6 , 197, the following proposition was submitted to a vote of the qualified electors of said city: hdiclamfter eollatd tu ho. ' GENERAL WHEREAS MO resolution are hereby considered and understood, and It is hereby ordered to "3 , Inclusive, and shall bear Interest from date and declared that said covenants and promises therein are the covenants until . paid at the rate or rales hereinafter set forth, which said interest Garland Dtah, and that the promises of the City of shall be payable May 1, 1976, and semiannually thereafter on the first days of Maj representations and statements therein are the representations of aaid and "ovember of each year. Such bonds clt- shall mature serially in numerical order on May 1 of each of the years, be' numbered and bear Section . That to pay the interest falling due on said bonds as Interest as folio. SCO NUMBERS AMOITIIT INTEREST RATE the same Deceases due, and also to provide a sinking fund for the payment TEAR 2,000 of the principal of said bonds at maturity, there shall be and is 7.75 1976 2.000 7.75 1977 3.000 7.75 hereby levied on all taxable property In said city, in addition to all 1978 3.000 7 .75 1979 4,000 7.75 other taxes, a direct annual tax sufficient to pay the Interest on said 1980 4,000 7.75 1981 4.000 bonds and to pay and retire the same as hereinbefore provided. Said 7.75 1982 5,000 7.75 5.000 taxes when collected shall be applied solely for the purpose of the 7.75 198 5,000 7.75 1985 (.000 7.75 payment of said interest on and principal of said bonds, respectively, 1986 6,000 7.75 1987 and for no other purpose whatsoever until the Indebtedness so contracted 6.000 7.75 1988 7.000 7.75 1989 7.000 under 7.75 this resolution, principal and interest, shall have been fully 1990 8.000 (.00 1991 . 1,000 8.00 paid, satisfied and discharged, but nothing herein contained shall be so 99? CITY OF In That each of said bonds rtmmMA each, numbered 1 sum ) ratified by and sale General for Countersigned: (Facsimile signature) City Recorder Section k. That each of said bonds shall be signed by the mayor and countersigned by the City Recorder (the signature of said Mayor Garland , Utah, for the purpose of defraying; part of the City of cost of acquiring, by purchase or construction, an Interest In the Korth Box Elder Coaaunlty Hospital to be located in Treaonton, utah, and to be jointly owned and constructed by said City of GvlA together with other municipalities in Box Elder County, including the acquisition of land, equipment and furnishings therefor. Section 2. That said bonds shall be known as -- General Obligation Hospital Bonds," shall be dated May 1, 1975, of the denomination of $2,000 BOX RESOLUTION authorizing the issuance coi. firming the1 of $ 113,000.00 . be tmleaa ti 19 COLl'lable (Fmcalnlle Signature) HOW, TOEHETORE, Be It and It I, Hereby Resolved by the City council of the City of Garland ty, otah: section 1. That under authority of Chapter 1 of Title 11, Utah Code Annotated, 1953, aa aaended, otherwise known a. the Utah kiuniclpel Bond Act, bonds In tht amount of ULMo 00 snail be Issued STATE OF A Elder County, Utahwill pay to the bearer hereon at Bear River State Bank In the City associates, UNITED STATES OF (Facsimile Signature) President Town nd payment thereof duly made, the Town of of Tremonton, Utah, in lawful money of the United States of. America, being the interest then due on Its General Obligation Hospital Bond, . dated May 1, 1975, and numbered Section k. Utah GARLAND and has been bo called day of BUB oadoraignod duly aulhoriid attached shall be In substantially the following form: (Form of Bond) unless the hereinafter 19 of ton prortalrna for tot payawnt the roof drily avde, the City of Cartod Box Elder County, Utah, arlll pay to the bearer hereof the ahaount shown hereon at Bear Hirer state Bank la the City of TieaKeilon, Utah, In lawful moaet of the Ohlted States of an rich, confirned; and Company Clerk Town ( then callable for redemption for the Howell . City J,.., a first bond is the Salt Lake of Section 2.. (Form of Coupon) day a in the opinio, of the city Council. It 1. to the beat interest, of .aid city that auch bid be accepted and aale of auch The Crmtinental Bank and Trust Company bonds to said mail dnt SEAL) (FACSIMILE - Y- flrat itloaod bond la city of New York, New York, : Clerk Town (Form of Coupon) uausor arreptod for oad oa behalf 4Ao " Bonds same adoption. PASSED Howell (Facsimile Signature) President Countersigned f oer ia hereby The above City of Tremonton, are, to the extent of such conflict, hereby repealed, and after said bonds are issued, this resolution shall be and remain irrepealable until said bonds and the interest thereon shall have been fully paid, satisfied and discharged as herein provided Section 11. That this resolution shall become effective Immediately herewith be and the Town Clerk (the signature of said President being by facsimile), with the facsimile of the seal of the town printed hereon, and the coupons hereto attached to be signed with the facsimile signatures of said On relaxation resolution or the bonds herein authorized for any cause whatever. Section 10. That all resolutions or parts thereof In conflict , has caused Howell Its President or decision would not. In the opinion of counsel of recognized competence in such matters, result in making the interest on said bonds subject to federal income taxation. ratified, It Is hereby certified, recited and declared that all conditions, acts and things essential to the validity of this bond and the Issue of which It forms a part do exist, have happened, and have been done, and that 7.88741 OU SEAL) atoofrectfuliv aiihmiliad. Continental lank I Tract fiaajiai 100 South Halo Salt lake City. Utah IH.7Ti0 Recorder-(EtCSTja- VffiKAS Code such repeal, ti.-i- A evee Shis had U accost eke being the Interest then due on dated May 1, 1975, and ntaobered Investment of such moneys permitted by state law if, when and to the extent that said Section 103(d) or regulations promulgated thereunder shall be repealed or relaxed or shall be held void by final decision of a court of competent jurisdiction, but only if any Investment made by virtue of or Ob tb of 1951;, as amended, and any lawful regulations promulgated or proposed thereunder, including Sections 1.103-1- 3 and 1.103-1- 4 of the Income Tax Regulations (?6 CFR Part 1), as the same presently exist, or may from time to time hereafter be amended, supplemented or revised. The Board of Trustees reserves the right, however, to make any State of Utah, Including particularly the Utah Municipal Bond act, amended, and a Chapter 1 of Title 11, Utah Code Annotated, 1953, U lH.3f.7M $ lAinUvc Rate Said Board of Trustees also certifies and further covenants with the purchasers and holders of said bonds from time to time outstanding that' so long as any of said bonds remain outstanding, moneys on deposit in any fund or account In connection with said bonds, whether or not such moneys were derived from the proceeds of the sale of said bonds or from any other sources, will not be used in a manner which will cause such bonds to be "arbitrage bonds" within the meaning of Section 103(d) of o and constructed by said Town of owned Jointly Merest Cool Net of the principal proceeds of the bonds are for the purpose stated in the form of bond prescribed. Including expenses Incidental to such purpose and to the Issuance of the bonds; and (6) to the best of the knowledge and belief of the Board of Trustees there are no facts, estimates or circumstances that would materially change the conclusions and representations set out in this section. Bank Seventy-Tw- Grose toherost Coat $ all needed coupons as they ee rally heoona due. Both principal of and Interest this bond are payable la lawful Honey of the United States of d a city (5) on rotai ao " (3) work on the aaid facilities Is expected to proceed with due diligence to completion; (h) said facilities have not been and are not to be sold or otherwise disposed of in whole or expected in part prior to the last maturity of said bonds; Nay 1, ) per annuo, payabl at the rate of per cent ( 1976, and semiannual ly thereafter on the first days of ay and Boveaber in each year, auch Interest falling due on and prior to naturlty payable only upon presentation and surrender of the attached interest w l,M t otherwise, to bo returnod Logan. of lis share In the amount or not less than p of the estimated total cost of said facilities; Board of Trustees expects that over 850 (2) the of the spendable proceeds of said bonds will be expended on or before May 1, 1978, for the purpose of paying the cost of said facilities, aaid date being within three years following the data of Issue of said bonds; of s acknovlses Tow Dgn contract our good I As evidence of check tor Obligation Hospital Bonds, including the calling, giving notice and conducting of the election authorising the issuance of said bonds, the canvassing of the results thereof, and the advertisement of the Notice of Bond ( Sale with respect to said bonds by the City Recorder of the CHy of Tremonton In The Salt take Tribune on March 26 . 1975, are hereby-ratifieconfirmed and approved. thia resolution shall be published one time In Section 2- The Leader, a newspaper published in the City of Treaonton, Utah, and f Garland of general circulation in the City of and for a period of thirty (30) days after such publication any person in Interest shall hare the right to contest the legality of this resolution or of the bonds hereby authorised or any provisions made for the security of such bonds. After such time no one shall have any cause of action to contest the regularity, formality or legality of this resolution er the bonds herein authorised for any eausa whatever. Section 12. That all resolutions or parte thereof In conflict herewith be and the same are, to the extent of auch conflict, hereby repealed, and after said bonds are lsausd, this resolution shall be and remain Irrepealable until said bonds and the Interest thereon shall have been fully Pld, satisfied and discharged as herein provided. Section 11. Tht thl resolution shall become effective lmdlately and payment ' |