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Show receipts hereby assigned and pledged to the payment of the principal installments of and interest on the Bonds. The Issuer covenants and agrees that, except as herein and in the Agreement provided, it will not sell, convey. mortgage, encumber or otherwise dispose of any part of the revenues and receipts derived from the Agreement ' or of its rights under the Agreement. The Issuer covenants and agrees that all books and documents in its possession relating to the Project and the revenues and receipts derived from the Agreement shall at all reasonable times I open to inspect ion by the owners of the Bonds or such accountants or other agencies as such owners may from time to time designate. The Issuer covenants and agrees that it shall through the Purchaser enforce all of its rights and all of the obligations of the Borrower under the Agreement for the benefit of the owners of the Bonds. The Issuer shall protect the rights of the Purchaser hereunder with respect to the assignment and pledge of the revenues and receipts coming due under the Agreement . EVENTS OF DEFAULT AND REMEDIES Section 11. If any of the following events occurs it is hereby defined as and declared to be and to const itute an . "event of default": (a Default in the due and punctual payment of any interest on any of the Bonds or of any principal installment of any of the Bonds, whether at the stated maturity thereof, or upon proceedings for prepayment thereof : or bi Any Event of Default under Section 6.1 of the Agreement shall have occurred and be continuing. Upon the occurrence of an event of default and so long as such event is continuing, the Purchaser, by notice in writing delivered to the Issuer and the Borrower, may declare the principal installments of the Bonds and the interest accrued thereon immediately due and payable, and such principal installments and interest shall thereupon become and be immediately due and payable. . Upon any such declaration all payments under the Agreement from the Borrower shall immediately become due and payable as provided in Sections 4.1 and 6.2 of the Agreement. Upon the declaration by the Purchaser that principal installments of and interest accrued on the Bonds are immediately due and payable, there shall also be due and payable in addition, an amount equal to (i seven of the outstanding principal balance percent 7 thereof if such declaration shall occur prior to March I. 1990. or ( ii i a percent of the outstanding principal balance thereof equal to the optional prepayment premium then in effect pursuant to Section 3 hereof if such declarat ion shall occur on or after March 1 . lswo. While any principal installments of any of the Bonds or interest are unpaid, the Issuer shall not exercise any of the remedies on default specified in Section 6.2 of the Agreement without prior written consent of the Pur, chaser. . , . . , . , - NOTICES . Section 14. It shall be sufficient service of any nut ice or other paper on the Issuer if he same jUiall be duly mailed to the Issuer by registered or certified mail ad-- . 40 years ago... . SATISFACTION AND DISCHARGE Section 16. All rights and obligations of the Issuer and ' the Borrower under the Agreement and the Issuer under the Assignment, . the Bonds, the Bond Purchase Agreement and this Resolution shall terminate and such instruments shall cease to be of further effect, and the Purchaser shall cancel the Bonds and the Notes, deliver them to the Issuer, and deliver a copy of the cancelled Bonds and the Note to the Borrower, and shall assign and deliver to the Borrower any moneys in the Bond Fund required to be paid to the Borrower under Section 7 hereof (except moneys held by the Purchaser for the payment of principal of or interest on the Bonds ) when : (a all expenses of the Issuer and the Purchaser required to be paid by the Borrower pursuant to this Resolution and the Agreement shall have been paid: (b i the Issuer and the Borrower shall have performed all of their covenants and promises in the Agreement, the Assignment, the Bonds, the Bond Purchase Agreement, the Trust Deed and in this Resolution: and (O all principal of, premium, if any, and interest on the Bonds shall have been paid. SEVERABILITY Section 17. If any section, paragraph, clause or provision of this Resolution shall be ruled by any court of competent jurisdiction to be invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the remaining provisions hereof. . With the help of students in 11 Sandy Lions Club will child in Sandy at least each assure Santa Claus when he from one visit will greet them at the community Christmas tree at Sandy City park, and present them with bags of candy and nuts, it was announced by .Charles. A. Greenwood, president. Appropriate music for the occasion will be furnished by the Sandy school band, under the direction of Bennie Schmiett, music instructor. S. E. McKean, chairman of the Christmas tree committee, will be The The captions or headings of this Resolution in no way define, limit or describe the scope or intent of any provision of this Resolution. ' PROVISIONS IN CONFLICT REPEALED Section 19. AU ordinances, resolutions and orders, or pads thereof, in conflict with the provisions of this Resolution are. to the extent of such conflict, hereby repealed. RESOLUTION EFFECTIVE Section 20. Immediately after its adoption this Resolution shall be signed by the Mayor and attested by the City Clerk, shall be recorded in a book kept for that purpose and shall take immediate effect. 18. , e Brownie scouts of the East Midvale area met Thursday at the home of the leader, Joyce Dahl. During the afternoon the group made Christmas gifts for their parents. Vickie Peery is scout co-lead- Girls who participated are Cathy Cutler, Karen Dahl, Annette Lawson, Patsy Lloyd, Terry Mac; Sharon Niel, Dixie Newbold, Nilsson, Joan Oxley, Linda Peery, Nancy Lee Riley, and Mary Ann Scott. Troop committee members are Betty Lloyd, Mildred Larson, and Lora MacNiel. 10 years ago... A amusement hall. The affair is being sponsored by the Union wards, school, Legion and Lions Gub, and is free, said George Barton, principal of the Union School. A program for the children will commence at 1 p.m. and will include a movie, dance, refreshments and Santa Claus. In the evening there will be a dance. The Union Junior High School orchestra will furnish music for dancing. Members of the Sandy Junior High studentbody will give a Christmas party Friday when students of the Sandy and Granite Elementary schools will be entertained. Plans for the entertainment are under the direction of Guy Murray, Theodore Sjoblom, and Helen Loveless of the school faculty. PUBLICATION Section 21. The City Clerk is hereby directed to cause this Resolution to be published one time, pursuant to the of the Act . in The Sent inel a provisions of Section 1 newspaper published in Midvale. Utah, as soon as may be pract icable following adopt ion of this Resolut ion. PASSED AND APPROVED this 1 1th day of December. 1979. s Junius H. Burton. Mavor ATTEST: s Murial E. Andersen . City Clerk (SEAL) STATE OF UTAH UiQtf .t' ii COUNTY OF SALT LAKE t I. the undersigned City Clerk of the City of West Jordan. Salt Lake County. Utah, in the county and state aforesaid, do hereby certify that the foregoing constitutes a true, correct and complete copy of Resolution No. duly and finally adopted by the City Council of ( said Issuer at a duly convened meeting held on Dir. 11. 1 d Two community Christmas parties will be held in the Union Ward in charge. are for convenience only and Mid-val- fawn, was Sally, when a day-olthe Fitzgeralds last June after she had been stepped on and injured'by a horse. With care, kindness, and plenty of milk from a bottle, SaPy survived to become a pet of all the kids, in the found by schools, many children and grownups at Whiterock will have a merrier Christmas this year. Nearly every student has made some contribution to help bring the spirit of Christmas to others. The Midvale school students have gathered enough clothing to fill four large boxes which have been sent to the Indian children at Whiterock. They made Christmas for patients at the favors Veteran's hospital ; painted a large number of murals for various hospitals; collected Junior Red Cross funds; participated in the annual candlelight service, and sang carols throughout the community. "We are sure that the Midvale students have the true Christmas spirit this yuletide," said Harold Ashman, principal. CAPTIONS Section Pog red bow around her neck tor tne occasion. Wednesday, following a conference between officials of both parties. . No basis for settlement of the dispute was arrived at the during meeting. Meanwhile, approximately 500 employees of the Utah Copper Co. are idled by the strike. The Sentinel was named a depository for Finnish relief donations. The field of activity of the Finnish Relief Fund, Inc., is entirely separate from that of the Red Cross in the present efforts to raise funds in this country for the Finnish of aiding purpose declared was it today by refugees, E. G. Bennett, coordinator for the fund in Utah. "I am confident that the people of Utah will respond to this appeal in behalf of the sufferers in Finland". Norman Davis, head of the Red Cross and former President Hoover are working hand in hand. stitute a contract between the Issuer and the owners or the Bonds hereby authorized: and after the issuance of the Bonds and while any such Bonds are outstanding, no modification, alteration, or amendment or supplement to the provisions of this Resolution shall be made in any manner except with the prior written consent of the owners of 100 of the Bonds then outstanding. . Thursday. Dec 20, 1979 From the files of old Sentinel newspapers. MODIFICATIONS. ALTERATIONS AND AMENDMENTS Section 15. The provisions of this Resolution shall con- ' . Upon the occurrence of an event of default, the Purchaser may pursue any available remedy at law or in equity by suit, action, mandamus or other proceeding to enforce the payment of the principal installments and interest on the Bonds and to enforce and compel the performance of the duties and obligations of the Issuer as herein set forth. No remedy by the terms of this Resolution conferred upon or reserved to the Issuer or the Purchaser is intended to be exclusive of any other remedy, but each and every such remedy shall be cumulative and shall be in addition to any other remedy given to the Issuer, the Purchaser or the owner of any of the Bonds now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right, power or remedy accruing upon any event of default shall impair any such right, power or remedy or shall be construed to be a waiver of any such event of default or acquiescence therein: and every such right, power or remedy may be exercised from time to time as often as may be allowed by local law. AU moneys received pursuant to any right given or ac, tion taken under the provisions of this Section or under the provisions of Article VI of the Agreement (after payment of the costs and expenses of the proceedings resulting in the collection of such moneys and of the expenses, liabilities and advances incurred or made by the Issuer, the Purchaser or any owner of any of the Bonds i - at the time of the occurrence of an event of default shall be deposited in the Bond Fund and all such moneys in the Bond Fund shall be applied to the payment of the principal of, premium, if any, and interest then due and unpaid upon the Bonds to the person entitled thereto. Whenever moneys are to be applied pursuant to the provisions of this Section, such moneys shall be applied at such times, and from time to time, as the Purchaser shall reasonably determine. The Purchaser shall give such notice as it may deem appropriate of the deposit in the Bond Fund of any such moneys and of the fixing of any such date, and shall not be required to make to the owner of any Bond until such Bond shall Kyment to the Purchaser for' appropriate endorsement or for cancellation if fully paid..' Whenever all principal installments of and interest on the Bonds have been paid under the provisions of this Section and all expenses of the Purchaser and the Issuer have been paid, any balance remaining in the Bond Fund shall be delivered to the Borrower in accordance with Sect ion 8.5 of the Agreement . With regard to any default concerning which notice is given to the Borrower under the provisions of this Section, the Issuer hereby grants. the Borrower full authority for account of the Issuer to perform or observe any covenant or obligation alleged in said notice not to have been performed or observed, in the name and stead of the Issuer with full power to do any and all things and acts to the same extent that the Issuer could do in order to remedy such default. v SALE OF THE BONDS : EXECUTION OF ' ' DOCUMENTS ' Section 12. .(a i The Bond Purchase Agreement providing for the sale of the Bonds in the aggregate principal amount not to exceed $2,700,000 to the Purchaser at a price equal to 100 of the principal amount thereof in substantially the form which has been presen- ted to the City Council of the Issuer, and which is now on file in the official records of the Issuer, is hereby in all respects authorized, approved and confirmed. At such time and from time to time as the conditions to the obligation of the Purchaser contained in the Bond Purchase Agreement and in Schedule I thereto shall have been satisfied (the satisfaction of such conditions to be evidenced by a written request for delivery of Bonds, to be executed and delivered by the Purchaser to the Issuer), the Issuer will execute, deliver and sell Bonds, in the principal amount set forth in such request, to the Purchaser within five days after receipt of such request. (bi The Bonds and the Certificates of Delivery attached thereto shall be signed on behalf of the Issuer by its Mayor and City Clerk by their manual or facsimile signatures, provided that at least one of such signatures on the bonds and on each Certificate of Delivery shall be by manual signature of such officer, and the seal of the Issuer shall be impressed, imprinted or reproduced thereon. The foregoing officers are hereby authorized and directed to sign said Bonds and Certificates of Delivery in accordance with their Section. PERFORMANCE PROVISIONS ' Section 13. The Mayor and City Clerk, for and on ' behalf of the Issuer be. and each of them hereby is. authorized and directed to do any and all things necessary to effect the performance of all obligations of the Issuer under the pursuant to this Resolution, the execution and delivery of the Bonds and the performance of all other acts of" whatever nature necessary to effect and carry out the authority conferred by this ; Resolution. The Mayor and City Clerk be. and they are hereby, further authorized and directed for and on behalf of the Issuer, lo execute all papers, documents, certificates and other instruments that may be required for the carrying out of the authority conferred by this Resolution or to evidence said authority and to exercise and otherwise take all necessary action to the full realization of the rights, accomplishments and purposes of the Issuer under this Resolution, the Agreement, the Assignment and the Bond Purchase Agreement and to discharge all. of the obligations of the Issuer hereunder and thereunder. ', , THE SENTINEL dressed to the Issuer at P.O. Box Citv of West Jordan. Utah .. ,",r io such other address as the Issuer may from time to time file with the Purchaser and the Borrower. It shall be sufficient service of any notice or other paper on the Borrower if the same shall be duly mailed to the Borrower by registered or certified mail addressed to the Borrower at 9200 South 34(H) West. City of West Jordan. Utah 84084. or to such other address as the Borrower may from time to time file with the Issuer and the Purchaser. It shall be sufficient service of any notice or other paper on the Purchaser if the same shall be duly mailed to the Purchaser by registered or certified mail addressed to the Purchaser at P.O. Box 1414. Hartford. Connecticut 06143, Attention: Real Estate Investment Department, or to such other address as the Purchaser may from time to time file with the Issuer and the Borrower. RESOLUTION A CONTRACT: PROVISIONS FOR Games will be under the direction of Carma Rae Jensen, Doris Borg, Beth Shaw, Marian George, Jean Sanderson, Ejvar Johnson, Hunsaker, Angeline Dorothy Sacos, Francene Crawford, and Phelps for the Midvale Ladies Guild, is the presenting of gifts from club members to the women patients at Utah State Hospital at Provo. Assisting Mrs Phelps with the project this year were Mrs Lloyd Elder, president, and Miss Louise Ballamis, welfare and projects committee chairman. 20 years ago. . . The Senior Citizens Golden Age Gub met last Thursday afternoon at the Midvale City Hall. A business meeting was conducted Mrs Blanche by Macklin, president. A pot luck birthday dinner, honoring those who had birthdays in was served. December, Honored was Ab Barber, program director. the Rednose Reinthe students at Draper deer," sang Park school Tuesday morning as they gathered around Sally, the old doe fawn that is the pet of the Jackson Fitzgerald family. Debra and Karrie Fitzgerald took the fawn to school with a big "Rudolph ErmilePark. 31 yesrsaso. . . six-mon- th Negotiations between Kennecott Copper Corp. and the Brotherhood of and Firemen Railway Engineers were at a stalemate club project, spearheaded for a number of years by Mrs Eugene 79-9- 4 1979. tfclftdy tinea IN WITNESS WHEREOF. I have hereunto affixed my official signature and the corporate seal of said City of West Jordan this 1 tth day of Decemlwr. 1979. s Murial E. Andersen Citv Clerk (SEAL) (Pub. Dec. 20. 19791 Or witiun. P" Unlikely UTTiwDyWiUUttt I 1 w "Toole AAr.tn,-pnaian- Sharpen driving skills for winter When it comes to an up- date on safe winter driving techniques, the man to contact is Raymond Prince of the National Safety Council. Prince is a man who should know. For many years he has served as secretary of NSC's Committee on Winter Driving Hazards. He coordinates committee's the year 'round activities, including the Council's annual winter driving test project at Stevens Point, Wisconsin. "You can't stop winter," Prince contends, ' "but there are new techniques that will help you keep winter from stopping you." to referred Prince in over the years changes recommended techniques in pumping brakes on slippery road surfaces. Previously, hard fast jabs at the brake pedal were the proper way to slow or stop on ice slicked roads. This was when cars had drum brakes on all fourwhells. A good share of today's cars, however, have disk brakes on the front and drum brakes on the rear. The "fast and hard as you can" pumping does not allow the front disk brakes to release completely. With the front wheels still locked and sliding, steering is. the basic never regained objective of pumping the brakes in the first place. "Instead," Prince emphasized, "skid testers w c.anta .? I I' a .can - have o a lot of niv e iwasSyootn-tti- T oP IO on ck for thins- - 90ernnien recommend a slower, in termittent braking action fully on and then fully off long enough to let disk brakes release so that all wheels are rolling again.' The technique should be practiced, according to Prince, until it- comes naturally and you can feel when the wheels are locked or rolling. Apply the brakes until you feel that a skid is about to start, then release, steer and pump again. Another problem arises with late model vehicles which have high idling speeds, particularly when such the engine is cold as leaving a driveway to enter a street. "What happens," Prince explains, "is that the degree ofbraking required to slow down to make the turn may lock the front wheels while the fast idle speed of the motor is still turning the rear wheels. "As a result, your car is moving forward but you've lost steering control and continue moving straight ahead even though your steering wheel is turned. "In investigating this peculiar phenomenon with an automatic drive vehicle at the Council's Wisconsin test site, we found that the best technique is to shift into netural when making this type of maneuver." After the car has steered around into its new course, the gear can be returned to "drive" and power applied gently. - l v Ending. ,..,rreati?f'' uyo- H erscruv Jin-- If I A V I X'A ' Prince added this note of wiper blades gone dead caution: "In some jurisdicfrom exposure to sun, wind tions, it is illegal to drive in neutral This gear. prohibition probably stems from the days before automatic transmissions and high idling speeds." In addition to these new findings, Prince urged motorists to heed the committee's recommendations for safer winter driving: 1. Get the "feel" of the road by accelerating carefully to see if wheels spin; or brake gently to see if they skid. Reduce speed accordingly. . 2. Have good tires with good treads. Better yet, use snow tires which provide half again as much pulling power in snow as regular tires. Studded snow tires (where permitted) offer still more help on icy surfaces. 3. Always carry reinforced tire chains in the trunk of your car for use during severe snow and ice conditions. They provide four to seven times as much traction on snow or ice as regular tires. 4. Keep your windshield and windows clear at all times. Replace streaking . - Police seek vandals and oily road film. Be sure that windshield your washer solution contains adequate anti-freez- e. Dill offers Join Pack, 3512 Country Muor Id., has been named summer jobs A. If you are 18 years of age or older and interested in summer employment with the Bureau of Land Management in Utah, the time to act is now. Through Jan. 15, the BLM State Office in Salt Lake City will be accepting applications for seasonal employment coinciding with most school summer vacation perriods. Some jobs, however, begin as early as April and continue as late as November, depending on weather conditions. to According Gary of BLM chief George, Management Services in Utah, each summer BLM employs a limited number of students and other temporary personnel to work with professional employes. This practice gives students and others Director, Resources Donor Development of the American Red Cross Intermountain Blood Services. He will direct donor recruitment. Pack is a former PR director and a newscaster for local radio stations. He has also been involved with real estate marketing. A graduate he and his wife, Carol, have four sons. of USU, an opportunity, to gain valuable training and to plan for a future career with the BLM. The job vacancies are at various locations in Utah under the jurisdiction of BLM's Utah State Office and the Salt Lake, Cedar City, Richfield, Moab and Vernal District Offices. Technician positions are available in the fields of engineering, forestry, biology, range, realty. Riverton police are asking for citizen's help in locating vandals responsible for damages around 13200 South near the cemetery Streetlights in the area have been shot out and vehicles were driven on the cemetery lawn. Anyone with information is urged to contact the police. Kearns' youth arrested A Reams' youth has been booked into the Detention Center by West Jordan police in connection with a Dec. 10 vehicle burglary. The youth allegedly took $25 worth of cassettruck parked in the te tapes from a pick-uW. S. 8400 4000 of neighborhood p Car taken from garage Chevrolet Vega was taken from the garage of a West Jordan resident. The garage door had been left open and the keys were hidden under the front seat. Loss is estimated at $2,900. A 1976 Juveniles arrested South Jordan police have arrested two Kearns youth for allegedly damaging a vehicle parked in the Bingham High parking lot. The police said that suspects apparently used a tire wrench to break the car's front, rear, and side windows. Damage is estimated at $300. |