OCR Text |
Show pertinent thereto or used in con and on any interest payment date numerical order on March 1, 1965 THE MIDVALE (Utah) nection therewith, whether lying thereafter to and including SeD- - and on anv interest Four Friday, February 25, 1955 within or without the boundaries tember 1. 1964, at the principal thereafter at the principal amount amount thereof plus accrued inter- - thereof plus accrued interest to of the district. 6. The words the revenues est to the date fixed for redemp- the date fixed for redemption and ' sponsibility for the correctness of instruments demanding that a shall be understood to mean all tion and a premium of $40 for each the recitals herein contained or change be made in consulting enSalt Lake City, Utah bond so redeemed. Bonds number- so redeemed on or prior to Sep-- 1 for representations as to the value gineers and submitting a list of revenues of every characte derived from the operation of the ed 311 to 675, inclusive, of the tember 1, 1969, $30 for each bond of the system or the title of the three other engineers or firms of February 21, 1955 The Board of County commissystem, including all "initial pay revenue bonds shall be callable for so redeemed thereafter and on or district thereto, or the validity of engineers of recognized standing, ments" as hereinafter defined. To redemption at the option of the prior to September 1, 1974, $20 for this resolution or the bonas ana the board shall promptly and withsioners of Salt Lake County, Utah, in thirty days appoint as succesafitins as the governing authority the extent that provision is here district without regard to the each bond so redeemed thereafter attached coupons. 2. The Trustee shall not be liable sors one of the engineers or firms of Salt Lake City Suburban Saniinafter made for the application source of payment in inverse nu and on or prior to September 1, of engineers so named, and thereof insurance proceeds to the pay merical order on March 1, 1965 1979, and $10 for each bond so re- for failure of the board to insure tary District No. 2, Salt Lake Coun I f ment of principal of or interest on and on any interest payment date deemed thereafter prior to matur- - or renew insurance or ior ine upon the County Clerk shall notify ty, Utah, met in regular scsmuu t the bonds herein authorized, such thereafter at the principal amount ity. Notice of the call of any of the amount of insurance carried by the the engineers previously serving the regular meeting piace ui mc board in the Courthouse in Salt mai meir appuiuuucui is Humiliproceeds shall also be considered to thereof plus accrued interest to Donas tor redemption is to be given board. o'clock Lake City, Utah, at nine be included in tne term tne rev the date fixed for redemption and not less .than thirty davs prior to 3. The Trustee may execute any ated, and the successor engineers enues." There shall not be includ a premium of $35 for each bond the redemption date by registered of the trusts or powers hereoi thereafter shall be the consulting A. M. on February 21, 1955, with trt tho rnmctoran ed in the term any money derived so reaeemed on or prior to Septem- m U the following present: hnlHope either through itself or by or engineers. Should the board fail LAMONT B. GUNDERSEN, from the levy of taxes on taxable ber 1, 1989, $30 for each bond so thereof at the addresses shown on through its attorneys, agents or em to make such an appointment withChairman DroDertv in the district. redeemed thereafter and on or the Registrar's registration books. ployees, and shall not De answer- in thirty days of the filing with the 7. The words "initial payments . ADIEL F. STEWART, . prior to September 1, 1974, $20 for If any bond is called for redemp- able or accountable for any act, County Clerk, then said majority in Commissioner shall be understood to mean (to the eacn bond so redeemed therealter tion which is not at the time of default, neglect or misconduct of principal amount of the outstandEDWIN Q. CANNON, extent of $150 per connection if and on or prior to September 1, call registered as to principal, not any such attorney, agent or em- ing revenue bonds may themselves Commissioner paid in cash by March l, WW, iou 1979, and $10 for each bond so less than thirty days' notice of re- ployee if reasonable care has been designate the successor engineers, provided $50 payment is made by redeemed thereafter prior to There were also present WESTdemption is to be given through exercised in the appointment and and the engineers thus designated March 1. 1955 with eleven subse the publication of an appropriate retaining thereof, nor shall the shall thereafter be the consulting ON L. BAYLES, Attorney for the Notice of the call of any of the notice one time in a financial news- Trustee be otherwise answerable engineers. If the consulting enquent monthly payments of $10 District, and Clerk of the District. eacn; jsiu proviaea qou is yam bonds for redemption shall be giv- paper published in the City of Chi- or accountable except for its own gineers appointed or acting at any After the meeting had been duly en not less than thirty days prior cago, Illinois, and sent by regis- gross negligence or bad faith. time shall be unwilling or unable by March 1, 1955 with twenty-fou- r called to order and the roll called to continue to serve or shall for with the above results, the followsubsequent monthly payments of to the redemption date by regis- tered mail to the bank at which the no under be 4. The Trustee shall $5 each) the advance payments tered mail to the registered hold- bonds are payable. act here- any other reason cease to serve ing resolution was introduced in to any perform obligation made by prospective users of the ers thereof at the addresses shown This bond is by statute made under or to institute or defend any the board shall appoint some other written form by Commissioner and WHEREAS, the Board of County system in anticipation oi connec- on the Registrar's registration fully negotiable for all purposes suit in respect hereof unless prop- engineers of recognized reputation Gundersen, was read and considered, after which, pursuant to mo Commissioners of Salt Lake Coun tion with and use of the system, books. If any bond is called for re- but may be registered as to prin- erly indemnified to its satisfaction. to act as consulting engineers but tion made by Commissioner tew ty, acting as the governing author and in consideration of the acqui demption which is not at the time cipal in the manner and with the 5. The Trustee shall not be re- such appointment shall be subject art and seconded by Commissioner ity of said district, now desires to sition of the system by the district of call registered as to principal, effect for which provision appears quired to take notice of any default to rescission by action of the holdPannon. it was adopted by the provide for the issuance of such and its availability to such users, not less than thirty days notice on the back hereof. of tho district or the board unless ers of the majority in principal nrnvisinn for which payments ap of redemption shall be given bonds; of the specifically notified in writing of amount of the outstanding revenue following vote: the Under provisions THEREFORE, BE IT pear in the initial schedule of through the publication of an ap- aforementioned NOW, of such default by the hoiaer oi any bonds as hereinabove provided. Aye: Commissioner Gundersen RESOLVED by the Board of Com- fees contained in Section 11 here- propriate notice one time in a fi Commissioner Stewart The fees of the consulting engi1955. Zion's Savings of the outstanding bonds. is Lake Salt of missioners County, of. If such connection charge nancial newspaper published in Bank & Trust Co. of Salt Lake City, Commissioner Cannon. be bound neers shall be considered as one not shall 6. Trustee The auUtah, acting as the governing hereafter increased, then only the the City of Chicago, Illinois, and Utah, has been appointed Trustee to of maintaining and Nav: None. recognize any person as the of the expenses The resolution was thereupon thority of Salt Lake City Suburban first $150, $160 or $170, as the case sent by registered mail to the bank for the benefit of the holders of holder of any of the bonds unless operating the system section y signed by the Chairman, attested Sanitary District No. 1 2, as follows: may be, shall be included witmn at which the bonds are payable the bonds of this issue and for a and until title thereto is establishSection Section 4 the term "initial payments," and bv the Clenk. ordered recorded and The General Manager statement of the duties of said ed to the satisfaction of the Trus- Definitions connection of such Registration the remainder declared to be in effect. The res a more complete state- - tee. The board agrees that it will ap The following words and terms charge shall be regarded as ordin The bonds shall be registrable Trustee, olution is as follows: which from revenues held the be ment not a general manager for the of shall 7. Trustee The point be ary revenue. as to principal in the manner and and conditions under which this A RESOLUTION providing for used in this resolution shall in acting upon any no- district who shall be a man with responsible follows: as revenue construed in the words "the 8. the with effect The provided a statement of the tice, resolution or other paper or some previous experience in public the acauisition of a sanitary sew bond is 1. "The board" shall be underbonds" or "the bonds" shall be un form of bond hereinafter set out. conditionspayable, on which obligations document believed by it to be gen- - utility management and who shall er system for Salt Lake City Sub of Board 5 mean bonds the stood to to in County to Section the derstood refer urban Sanitary District wo. may hereafter be issued on a parity, ume an(j to have been signed or serve at the pleasure of the board Commissioners of Salt Lake Coun- the amount of $675,000 payable Execution of Bonds or and be charged with the general with this bond, the conditions un providing for the issuance of ! author-as the" governing from the operating revenues of the Each of the bonds shall be sign der which and extent to which said presented by the proper (party $675,000 bonds of said district ty, acting management of the system, and of Salt Lake Suburban Sanitary system, which bonds are herein au ed by the Chairman of the board, resolution may be modified with parties. 8. The Trustee shall not be obli whose salary shall be one of the payable from the revenues to be ity su-- 1 board shall No. 2. The District the thorized. be shall attested County by derived from the operation of the consent of the holders of seven gated or liable to allow the district expenses of maintaining and operSection 2 Clerk and shall have impressed e cent (75) in principal interest on any money received by ating the system. said sewer system, entering into pervise and manage the district in as and of provided its properties thereon the seal the district. In amountper Acquisition of System of the outstanding bonds of it hereunder, except as nerein certain agreements and making The General Manager may either as provided by There shall be acquired by the terest falling due on the bonds on said issue and the general coven serve as collector of the revenues certain provisions for the secur this resolutionthatandif hereafter provided. specifically pro district a complete sanitary sewer and prior to maturity shall be evi ants and law, except ity and payment of such bonds. visions 9. The district will pay to the of the district or may employ a provisions applicable to shall be made under au appropriate interest cou this bond, reference is hereby Trustee from time to time a rea- collector, as may be determined by providing for the sale of such thoritv wanted by Chapter 29, system pursuant to plans and spe dencedto by which be thereto attached, cifications therefor prepared by pons made to said resolution. The dis- sonable compensation for its ser- the board, but the General Managbonds, and making certain col Laws of Utah. 1953, for the the consulting engineers, which coupons shall be signed by said trict has covenanted and agreed vices rendered hereunder, which er shall in any event be responsible lateral agreements and provis of Board Trustees a of and specifications have been Chairman and Clerk by their fac and does hereby covenant and compensation shall be regarded as for the prompt and aggressive colions in connection with the fore to supervise and manage the dis plans heretofore approved toy resolution simile signatures, and said officers agree to maintain continuously an expense of maintaining and lection of all fees and charges due going. trict and us properties, men tne of the board. The cost of tne por shall by the execution of the bonds such rates for services furnished operating the system and shall be for the services rendered by the "th hnarH" shall he under tion of the system which is to be adopt as and for their own proper WHEREAS, pursuant to an elec (Arm bv the system as will be sufficient payable from the revenues thereof system and for the prompt payment of Board to such to stood refer tion heretofore duly called and initially constructed, including all signatures their respective facsim to provide revenues fully adequate accordingly. thereof to the, Trustee as hereinhereinafter ile signatures appearing on said to carry out an oi tne requirements incidental held in Salt Lake City Suburban Trustees. expenses after provided. the become 10. The Trustee may 2. be shall under district" is estimated to be not in coupons. Lach bond shall contain of said resolution. Sanitary District No. 2 on April 27, stood"The The General Manager shall be owner of bonds and coupons with Lake City specified, to Salt to refer of authorized the recital excess was of of which $675,regularity $825,000, 1954, the following proposition It is hereby certified, recitea ana the same rights it would have if required to supply a fidelity bond No. District Suburban AnUtah Sanitary Section Code declared that all acts, conditions not Trustee. written by a surety company of approved by a majority of tne as such district now exists or as 000 is to be paid for by the issu- by ance of the bonds herein authoriz notated, for which provision is and things required to exist, hap-np- n qualified electors of said district it successor recognizea The Trustee standing and with a disany exist hereafter at anj time may . any ed and $150,000 is to be paid for made in the bond form hereinafter who have paid a property tax . and be performed precedent trustee may resign by giving to the covery clause of at least three I i a i j exienaea Dounaanes. therein in the year next preceding wnn by service connection charges. appearing. to and in the issuance of this bond County Clerk notice in writing and years, in the amount of not less 3. The "consulting engineers' Section 6 Such acquisition shall be through such election: and the issue of which it is one. by giving the bond holders notice than $10,000, to assure the faithful shall be understood to refer to the construction, as Bond Form by supplemented existed, have happened and through publication at least once carrying out of his duties and the have engineers hereinafter named who the purchase of all necessary real UNITED STATES OF AMERICA have been performed in due time, not less than sixty days prior to prompt and diligent enforcement, have prepared plans and specifica estate, rights-of-waSTATE OF UTAH machinery, and manner as required by the effective date of such resigna collection and proper application form ana to any tions for said system and other property. COUNTY OF SALT LAKE law. and that the amount of this in a financial newspaper or of all fees and charges due for the successors to said engineers who equipment Section 3 SALT LAKE CITY SURBURBAN bond and of such issue do not ex- tion, WOMEN published in the City of services of the system. The prejournal may be hereafter selected in the SANThe Bonds SANITARY DISTRICT NO. 2 ceed any applicable limitation pre- iew rorK, rvew rone, ana in a mium for such bond shall be remanner for which provision is For the purpose of paying part ITARY SEWER REVENUE BOND, scribed "bv the constitution or sta financial Moke $2 to $3 hour newspaper published in garded as one of the expenses of made in this resolution. of the cost of the acquisition of a SERIES 1955 tutes of the State of Utah. me maintaining and operating the sysoi be shall 4. under "Trustee" The cny cnicago, imnois. aucn tem. in spcrs time in home. $1,000 IN WITNESS WHEREOF, Salt sanitary sewer system for Number shall take effect on the stood to be the bank hereinafter complete as aforesaid and for district KNOW ALL MEN BY THESE Lake City Suburban Sanitary Dis- resignation the If at any time the holders of a SIMPLE, EASY REWEAVING designated to perform the various the purpose of paying such legal, PRESENTS that Salt Lake City Su trict No. 2. acting through the day specified in such notice unless a successor trustee shall majority in principal amount of the previously duties for which provision is here exand fiscal agent burban Sanitary District No. 2, a Board of County Commissioners of have been We Trcin either by outstanding revenue bonds shall in made, and any bank which may engineering penses reasonably incurred in con duly organized and existing im- Salt Lake County, Utah, as its gov- bondholders appointed or board as file with the County Clerk a writthe duties to tho succeed by in the future nection with the acquisition of provement district in Salt Lake erning body, has caused this bond hereinafter NO SELLING in which ten instrument or concurrent writas provided, herein provided. such system and with the authori County, Utah, for value received tn be siened bv the Chairman and of the Trustee event such resignation shall take ten instruments requesting the re5. The words "the system" shall zation and 84-55bonds of such to to issuance board said bearer attested by the Clerk of p Ph. S.L pay hereby promises . effect immediately upon the ap signation of the General Manager, be understood to mean the sanitary as may be payable from or if this bond be registered as to and the corporate seaii oi saiaj ais-- pointment of sucn successor trus the board shall promptly, and with5 to 9 p.m. sewer system constructed with the the proceeds properly thereof, including the principal to the registered holder tnct to be impressed hereon and,p in thirty days, appoint a successor proceeds of tne bonds nerem au- payment of interest to accrue on hereof, solely from the revenues has caused the interest coupons General removed at be The Trustee Manager, and the County CARO OF THANKS may with im all thorized, together bonds during the period of hereinafter specified, upon sur- hereto attached to be executed by The family of Mrs Anna Bishop provements and extensions here the any time by the holders of a ma- Clerk shall so notify the General shall sum of which this of render the said period bond, the facsimile signatures of amount of the Manager previously serving that wishes to take this opportunity to after made thereto, ana togetner construction, to be eighteen One Thousand Dollars ($1,000) on Chairman and Clerk, all as of this jority in principal considered revenue bonds, by an his appointment is terminated and thank all those who took part in with all sewer properties and fa- be outstanding months from the delivery of such March 1, 19 with interest first day of March, 1955. instrument or concurrent instru- his appointment shall thereupon the funeral services, and for every- cilities hereafter owned by the bonds, there shall be borrowed on thereon from the date hereof until The successor Gen ments in writing filed by such be was to that done us and district the district, the credit of the operating revething serving help Chairman 1, 1955 at the rate of holders with the Trustee and with eral Manager so appointed shall be during the illness and death of our including real estate, trunk and nues of the system and payable Septemberper cent (... ) per Attest: first approved by the consulting the County Clerk. wife and mother. Especially do we lateral mains, pipes, valves, build solely from such revenues, the annum, from September 1. 1955 to In case the Trustee or any suc- engineers. want to thank the Midvale Fire inns, machinery, apparatus and sum eviof $675,000. and that in 1, 1956 at the rate of Clerk Section 10 cessor trustee shall resign, be disdepartment for ambulance service equipment of every character and dence thereof there are hereby au- September ancent ( -(Form of Coupon) per per of Revenues be removed otherwise be or solved, Disposition our illness. mother's all and during description rights, privi thorized to be issued the revenue num, and thereafter at the rate of Number $ come disqualified or incapable of where specifically other The Bishop Except c ) leges, leaseholds, easements, fran bonds of the district in snch a- anof cent ( first On the per per day acting, a successor trustee may be wise indicated, the proceeds of ad and Juretich family and contracts mount. chises, rights-of-wanum until paid, payable September 19 , unless the hereinafter menby the holders of a ma valorem taxes shall not be regard thereaf- tioned bond has theretofore been appointed Said bonds shall be designated 1, 1955 and in principal amount of the ed as "revenues" as the term is jority Sanitary Sewer Revenue Bonds, ter on March 1 and September 1 called for redemption and provirevenue bonds by an used in this section. From and Scries 1955," shall be dated March of each year, with interest falling sion for the redemption thereof outstanding instrument or concurrent instru- after the collection of any of the due on and prior to maturity pay- duly made. Salt Lake City Subur ments In 1955. shall be in the denomina filed with the revenues, the revenues shall be tion of $1,000 each, shall be num- able only upon presentation and ban Sanitary District no. z win pay Trustee andwriting with the County Clerk, set aside into and are hereby pledg1 and shall to 675. inclusive, bered surrender of the annexed interest to bearer the sum of but until a successor trustee shall ed for the purposes of the followbe payable as to both principal and coupons as they severally mature. Dollars ($ ) in the manner have been so appointed bv the special funds. Until such time interest in lawful money of the Interest falling due on this bond and out of the revenues described bondholders, the board by an in ing as shall have been made nited States of America at Zion s on March 1. 1956 and September in said bond, at Zion's Savings strument in writing duly authoriz- for payment of the system which the part & in & 1956 cou the two Bank Lake Salt Trust is 1, Trust Co., Bank Co., in Savings represented by ed by resolution shall In such case is to be initially constructed as Utah. Inter Lake Citv of Salt City. pons hereto attached either of City, Utah, being interest to that a successor to the Trustee hereinafter provided, the Trustee est on said bonds shall be payable which may be presented and will amount that day due on its sani appoint shall cause notice thereof to shall segregate the proceeds of the pnd on September 1. 1955 and semi- he paid separate and apart from tary Sewer Revenue Bond. Series he published as promptly as pos- initial payments from the proceeds 1 March on 1. and 1955. 1955. other. dated March hereof Both the thereafter principal annually sible in a financial newspaper or of the other revenues. Subject to and September 1 of each year, and and interest hereon are payable in numbered lournai published in the City of the provision hereinafter made for seridue became lawful United States said bonds shall money of the New York. New York, and in a the separate application of the in1 on March Chairman of America at Zion s Savings Bank ally in numerical order financial newspaper published in itial payments for such period of f each year and Dear interest as k Trust Co., in Salt Lake City, Attest: the City of Chicago, Illinois. The time, the Trustee shall allocate ;dl Utah. follows: , successor trustee so appointed by of the revenues to the various funds Bond Interest This bond is one of an issue of County Clerk the board shall serve as Trustee in the order in which the funds for Rate Numbers for Amount under issued Year $675,000, (Provision registration authority until such time as a successor trus- are hereinafter listed. The initial 1 10 3 to of Chapter 6 of Title 17, Utah Code bonds) 1963 $10,000 tee shall have been by payments shall be paid to the Coun3 11 to 20 The within bond may be regis- the bondholders in appointed 10.000 Annotated. 1933 (Chapter 29, Laws 164 the manner ty Treasurer and shall be by him 3 21 to 30 of 1953), pursuant to an election tered in the name of the holder as hereinabove 10.000 1965 If In a prop- remitted to the Trustee as rapidly 3 31 to 40 held in said district on April 27, to principal only on books to be er case no provided. 1966 10,000 of a suc- as received by him. All charges for appointment & 3 Bank 55 Zion's 41 to 1954. to resolution and 1967 Savings 15,000 adopted kept by cessor trustee shall be made pur services rendered by the system 3 Lake in to 70 Co. Salt 56 968 City, Utah, suant to 15,000 by the Board of Commissioners of Trust foregoing provisions other than the initial payments 3','c as Registrar, such registration to within sixthe 71 to 85 Salt Lake County on 15.000 1909 months after a vacancy snau 3 86 to 100 1970 1955, for the purpose of paying be noted hereon in the registra- shall have occurred, the holder of of to dp payable by the usr there15,000 the General Manager or to no 3 which after blank tion of of cost below, 15.000 101 to 115 the 1971 the acquisition part any bond or the retired trustee may the collector to whom lhi Onnral 3 of a complete sanitary sewer sys- transfer shall be valid unless made apply to 15.000 116 to 130 1972 any court of M.mager may have the 3.2 the books 145 on said to 131 tem for said district, and the pay15.000 1973 by registered jurisdiction to appoint a competent successor collection of charges, delegated and shall be 3.2 146 to 165 ment of proper Incidental expenses, holder or his attorney thereunto trustee. Said court 20.000 1974 thereupon paid by the manager or collector to 3.2 166 to 185 which issue, together with any duly authorized and similarly noted after such notice may 1975 20,000 as to it shall the Trustee as rapidly as collected. 3.2 186 to 205 20.000 other bonds which may be issued in said registration blank below, seem proper 1976 appoint a successor The General Manager may make 3.2 on a parity therewith under the but this bond may be discharged trustee. 20.000 206 to 225 1977 such for the main3.2 20.000 226 to 245 1978 provisions of the aforementioned from registration by being transsuccessor trustee appointed tainingarrangements Any of facilities for the collec3.2 which 270 after it to 25.000 246 to bearer, 1979 resolution, is payable from and se- ferred i nereunaer witnout niriner tion of fees and charges in the 3.2 271 to 295 cured by a pledge of the revenues shall be transferable by delivery act become snail 1980 25,000 vested with all Vnty Treasurer's office or in the 3.2 to be derived from the operation but may be again registered as be- the estate, fully 25.000 2.06 to 320 1981 rights, pow- onice of the Trustee, or elsewhere, 3.4 of said sewer system after provis- fore. Such registration shall not ers, trusts, properties, 1982 25,000 321 to 345 duties and obligations as may be directed by the board. 3.4 ion has been made for the payment impair the negotiability by delivery of Its predecessor in trust 346 to 370 1983 25.000 . here- The revenues so to the Trusof the 3.4 from such revenues of certain ex371 to 400 30.000 1984 coupons hereto attached. with like effect as if origin- tee shall be by thepaid under trustee set aside 3.4 401 to 430 (No writing in this blank except ally named as Trustee herein, and as 1985 30.000 penses of operating and maintainreceived onto the following spe3.4 1986 30,000 431 to 460 ing said system ana is not a gener- by the Registrar) the Trustee ceasing to act shall cial funds. In the spring a mans heart turns to making 3.4 461 to 490 al obligation of said district and Date of . Name of 1987 30.000 Signature of pay over to the successor trustee (a) Out of the revenues there Rcgis-tio- n 3.4 in no event shall be considered a Registra- 491 to 520 1988 30.000 Registered any money or securities whith may shall be first set aside from time home improvements and repairs . . . such as 3.4 Holder trar debt for the payment of which the 521 to 550 1989 30,000 then be in its possession under the to time as needed 3.4 faith or credit of said district is during each fis-c551 to 580 19!0 30,000 terms hereof. year (the fiscal year for the 3.4 581 to 610 1991 30.000 pledged. new kitchen, garage, repaint, basement room, Section I purpose of this resolution being Bonds numbered 581 to 675, In1992 611 to 640 30.000 34 The Consulting Engineers the twelve months period com3.4 to 641 675 of which of 1993 35.000 Bank the clusive, this issue or Caldwell, Richards & Sorensen mencing on fencing and patios. So see the Sandy April 1 of each year rebond is one are callable for And in addition thereto separ of Salt Lake City, Utah, have been and on March 31 of the folending disdetachable ate of the at the Thrifti-terdemption m option supplemental heretofore selected by the board lowing Midvale Branch Bank for an FHA such amount, if any. trict (but only if payment of the coupons on all bonds for interand are hereby appointed as con- as may year), bo necessary to provide for annum for the at 1 est from is made the redemption price per sulting engineers for the purposes the payment of such Loan. No down payment and up to 36 months revenues derived from the operpart of the period starting September 1, of this resolution. It shall be the expenses of maintaining and oper1. ation 1955 and ending September of the system) in inverse Section 7 duty of such engineers to supervise ating the system In surh fiscal year numerical order on March 1. 1960 1956 payable on Tho Trustee to repay. the construction of the to as may be in excess of the proceeds and on any interest payment date interest payment dates, being For the benefit and protection supervise the applicationsystem, of the in such fiscal year from thereafter to and including Sep- of the revenue bonds and the hold- proceeds of the bonds to the pay- derived $500 per bond on March 1, the levy of the four (4) mills opertember 1. 1964, at the principal ers thereof from time to time and ment of the construction costs In ation 1956: 5.00 per bond on Sepand maintenance tax authoramount thereof plus accrued inter-es-t the holders of the coupons Zion's the manner hereinafter tember 1, 1956. provided, ized U, be levied by Section to the date fixed for redemp- Savings Bank St Trust Co. of Salt and to perform surh other Bonds numbered 581 to 675, in funcode Annotated, 1953. There elusive, shall be callable for re- tion and a premium of $40 for each Lake City, Utah, is hereby appoint- tions as are hereinafter specifically shall be included as a maintenance disbond as of ed so at the numberredeemed. and Bonds the the with Trustee, option mentioned. demption powers and operation expense such amount of If 31 ed to duties the hereinafter trict 675. issue payment (but only At any time the holders' of a ma- as inclusive, of the provided. MIMIIIt be required to be paid to 1 redemption price is made from the of which this bond is one are call-abl- e The Trustee accepts the duties jority In principal amount of the anym.ijr IDIBAl DIPOMT' person or entity for treatrevenues derived from the operafor redemption at the option herein imposed in it subject to the outstanding revenue bonds may file mentother IMIUIANCI COIPOBATION and disposal of the district'i In inverse nu- of the district, without regard to following terms and conditions: of tion the with the system) M I AM County Clerk a written ewage. This fund shall be MIIVAll, tffAM 1. The Trustee assumes no re- - instrument or merical order on March 1, 1900 the source of payment, in inverse concurrent written on page 8) cHeqat Ifjotice . . SENTINEL Shall the bonds of Salt Lake City Suburban Sanitary District No. 2, Salt Lake County. Utah, in the aggregate sum of $850,000, maturing in not to exceed 40 years from the date therof and bearing interest at not to exceed the rate of six (6) per cent per annum, be sold and issued by the Board of County Commissioners of Salt Lake County for the purpose of paying the cost of the acquisition of a sanitary sewer system for said district, and for the purpose of paying such legal, engineering and fiscal agent expenses reasonably incurred in connection with the acquisition of such system and with the authorization and issuance of such bonds as may be properly payable from the proceeds thereof, which bonds shall constitute special obligations of said district payable solely from the operating revenues to be derived by said district from the operation of its sanitary sewer system lying within and without its ?ae I i resolution ty-fiv- otn-erwi- HELP WANTED - ... 40 1 ...) semi-annuall- y Here's how you can finance those needed Home Improvements on Low Cost FHA Terms semi-annu- mum cm Bwm (ittGMQOG (33&rU3lI) IBs lMr, OGJ5 fiu d |