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Show NOVEMBER UTAH, 26, 1953 UTAH, NOVEMBER 19, 1953 March 28, 1949, (hereinafter called the "1949 Ordinance) authorised the issuance of Municipal Electric Light and Power Revenue Bondi, Series April 1, 1949, in the principal amount of $110,000, $94,uu0 of which bonds are now outs'anding and unpaid, and AN ORDINANCE AUTHORIZING THE ISSUANCE OK ELECTRIC WHEREAS, an Ordinance of said City adopted and approved on LIGHT AND AND POWER REVENUE REFUNDING AND 1M March 28, 1951, authorised the issuance of City of Parowan Electric PROVEMENT BONDS OF THE CITY OF PAROWAN, UTAH. IN and Power Improvement Revenue Bondi, Series April 1, 1951, THE AMOUNT t)F 250,000 FOR THE PURPOSE OF REFUNDING Light In the principal amount of (42.000 of which $39,ooo of said bonds are ELECTRIC LIGHT AND POWER IMPROVEMENT REVENUE outstanding and unpaid; and BONDS, SERIES APRIL 1. 1951, AND IMPROVING AND EXTEND WHEREAS, it is propoied to refund said $39,000 of Bonds, Scries ING THE ELECTRIC L1CHT AND POWER SYSTEM OF SAID CITY April 1, 1951, with part of the proceeds of the bonds authorized by PROVIDING FOR THE PAYMENT OF THE BONDS AUTHORIZED this Ordinance; and 1Y THIS ORDINANCE, AND THE INTEREST ON SUCH BONDS .WHEREAS, it is proposed to improve and extend the System by PRESCRIBING THE FORM OF SAID BONDS AND THE COLTON'S constructing hydroelectric generating plant on Red Creek, with TO BE ATTACHED THERETO. AND SPECIFYING OTHER DE all necessary incidental equipment and appurtenances, which generTAILS IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS ating plant u to be connected with the existing System; and in the of of WHEREAS, for the purpose of paying the costs and expenses of the County of Iron end State City Parowan, WHEREAS, constructing said generating plant and appurtenances, revenue bonds Utah, ownj and operates a municipal electric light and power system of the City shall be issued as hereinafter provided, such bonds and (hereinafter called the "System"); and WHEREAS, an Ordinance of said City adopted and approved on the interest thereon to be payable from a part of the net proceeds of the System; and WHEREAS, the City Council has caused a comprehensive estimate to be made of the cost of constructing said generating plant, and of the net operating revenues to be derived from the System, by Thomas C. Adams, Consulting Engineer, of Salt Lake City, Utah, who has been approved by the State Engineer of the State of Utah, and who has no connection with any manufacturer or seller of machinery, pipe or other equipment to be used in such construction, or the installation thereof, and having no connection with any person or corporation engaged in the same business; and UNO 1UIEREAS, the revenues of the System are adequate to meet all 9. an oaurvAMi: 5ats sSSr ... 5. AdrOUemmot Tra 1 4 DATS ONLY! esc i mm oc m MTta Art to. a um am The Missus Keeps Posted to.8 ItvSN NKUM rvttu ftz (1JI ius UN U.M to im ZMW'S mow m mmtmt oooas e a to m. Vsrtfa First aed Oefy 11,000,090 4k Mutkml 5 tew fsirertfosial FAIR OIOUNOI COLISEUM I BAIT LAX itill and last the in that postcard slipped hatch of letters. From where I ait, an occasional check-uis a good thing. Check upa on just how tolerant we are of other people's preferencea and tastes, for example. I like a glass of beer with supper, you may prefer cider but if I ever try to switch you to my choice, simply "address" me with a reminder of your rights. needed maiL some checking-u- p p At firat abed ask if I mailed my coat them, then double-chec- k pocket at night. She stopped that, and I figured ahe was convinced I'd learned my lesson. Then yeaterday, 1 got a postcard at the office in a familiar handwriting. 1 turned it over and by goHy it was from the Missus herself! It read: "Thanks, Joe, for mailing my letters. Well! a a m .awt Looks like she figured I Ever aiace our electricity was cut off iaat year on account of me forgettiag to mail in the pay. cat, the Mhius haa been aort of leery about giving me lettera aaan ausMe sasri fai Mw aa s Joe Marsh Rom where I sit ... 1 IVj.t mtcJ States Brt ucrs Foundalia FIRMAGE THEATRE SUNDAY November Starring Barbara Stanwvck TUESDAY. WEDNESDAY & THURSDAY December STATE OF UTAH attached, in Upturn To Paradise color by Technicolor FRIDAY December Red Skelton e windshield for visiCurved bility unlimited! Exclusive seat shock snubbers cushion ride! More hip room, wider doors than any of the 5 other leading makes! Ford Driverized Deluxe Cab (shown), at low added cost, gives you 16 custom extras! - iiMMftECf ta faster! teads.ee dor, New stronger bolted construction Pickup box, with 45 cubic feet of pay load npnoev, no wheelhouse obstructions! Stronger, more rigid tailgate under heavy loads. Jean Hagen Half A Hero THORNTON'S Coffee Shop Good Pood Exuertln Prewired Efficiently Served Cedar City. Utah Electric PLUMBING & ELECTRIC Service & Supplies Ranges HOTPOINT Phono 4286 worth in a Ford! Handles tough- Jobe, too! No wonder Ford Pickup sake are up 115! A 4, 5 in shall COUNTY OF IRON CITY OF PAROWAN ELECTRIC LIGHT AND POWER REVENUE REFUNDING AND IMPROVEMENT BOND, SERIES 1953 NO $1,000 The City of Parowan, in the County of Iron and State of Utah, for Continued on insert page Monarch that every dollar buys a big- SATURD Y & UNITED STATES OF AMERICA Sherwin Williams Paints dkwoYCff Roberta H.iynei A Gary Copper 1, 2, 3 Treasurer. to make a house a Home ger dollar Fred A MacMurrav Everything BIG CAB! Drlvertied to cut fatigue ! Oaly Ford has It! 29, :tn Tin Tloonli lifer HOME BUILDERS SUPPLY CO. Cocpsre the Foed Pickup, point by peir, with any other make. Youll & MONDAY 5i Section 8. Said bonds, and the coupons thereto be in substantially the following form: Copyright CITY payments and deosits required by the 1949 Ordinance, and the payments and deimsits required by this Ordinance, THEREFORE. HE IT ORDAINED BY HIE H1Y COUNCIL OK I HE CITY OF PAROWAN IRON COUNTY, UTAH Section 1. That all proceedings heretofore taken and adopted for the construction of the proposed generating system, including the report by said Thomas C. Adams, be and the same are hereby ratified, approved and confirmed. Section 2. That a brief description of the proposed improvements is the construction and installation of a hyro electric power plant on Red Creek, together with incidental equipment and appurtenances, in order to connect such hydroelectric generating plant with the existing electric light and power system of the City, Section 3. The estimated cost of the proposed improvements is 1185,000, and it is not anticipated that bonds for that purpose will be issued m excess of such amount But in order to provide for possible increases in the cost of labor and materials, it has been deemed advisable to authorize $26,000 of additional bonds to be S!,ued only if necessary Section 4 That for the purpo.ie of protecting the public health, conierving the projicrty and advancing the general welfare of the City of larowan and the inhabitants thereof, and in order to provide funds for the payment of $39,000 of said Series April 1, 1951 Bonds, and for the purpose of providing the costs and expenses of constructing and installing said hydro electric generating plant, bonds of the City of Parowan, each to be known as "Electric Light and 1ower Revenue Refunding and Improvement Bond, Series 1953" shall be issued in the principal amount of $250,000, which bonds and the interest thereon shall be payable solely out of a fixed proportion of the net revenues to be derived from the alteration of the Syteru, and not otherwise, as hereinafter provided. Section 5. Said bonds shall be dated as of December 1, 1953, and shall consist of 250 bonds in the denomination of $1,000 each, numbered 1 to 250, inclusive, shall bear interest at the rate or rates to be determined at the time they are sold, but not to exceed per centum per annum, payable semi annually, and they shall mature on December 1, $14,000 in each of the years 1956 to 1972, inclusive, and $12,000 in 1973. Bonds maturing in the years 1964 and thereafter shall be redeemable at the option of the City on December 1, 1963, and on interest payment dates thereafter, in inverse numerical order, at par, accrued interest ami a premium equivalent to one years interest comuted at the inteiest rate borne by the bond in the year immediately following the dale of redemption. Notice of redemption shall be published in a newspaper of general circulation in the City thirty days prior to the date of call, and at such time a copy of the Notice shall be sent to F. T. Boise & Company, 25 East Second South, Salt Lake City, Utah, and to the original purchaser of the bonds. Section 6. Said bonds shall be fully negotiable, and shall have all the qualities of negotiable paper, and the holder or holders thereof shall possess all the rights enjoyed by the holders of negotiable instruments under the prov isions of the Negotiable Instruments Law. Section 7. The principal of and interest on said bonds shall be payable at the Continental Bank A Trust Company, Salt Lake City, Utah, in lawful money of the United States of America, without deduction for exchange, or collection charges. Said bonds shall be signed in the name of the City of Parowan by the Mayor, attested by its City Recorder, with the seal of said City impressed thereon, countersigned by the City Treasurer, and the interest coupon thereto attached shall be signed with he facsimile signature of the City Appliances CRANE & AMERICAN STANDARD one-piec- Plumbing Fixtures PLUMBER - ELECTRICIAN Licensed - State & Local M. Howard Ward -- Phone 3571 """O LET US FILE Parowan YCU3 U AUTOMATIC T hey 1 1 cut SAW Mi:: - gr- precision ma- In chine. a few minutes have saws that cut cleaner, truer, faster. Biing your saws in today youll like our speedy service. youll TV. Scott Mitchell Telephone i S' BIG CHASSIS! For nzdaess, durability! frame, New'scrooger aew hypoid rear axle, new front axle, new longer springs! Wheelbase is only 110 in., yet body b full 6X ft., G.V.W. 4,800 lbs.! Deep-Chann- el wide-trea- d, BIG TRANSMISSION CH0ICC! Men than any ether Pickup! Only the Ford Pickup gives you a choice of act-ba- ck All five transmissions! 3 Speed, -- Heavy Duty, Synchro-Silen- t! Also Fordomatic Drive and Overdrive! BIG IN POWER! Only Ford Pickups give choice of 8 or Six! V-- Most service-prove- Fords icient Low-Frictio- 106-h.101-h.- d 8 in trucking. Truck 8 or, effCost Clipper Six with design to deliver more V-- V-- p. p. n hauling power! ( Optional at low extra cost.) Ind f ricl Fed. Tox A. SHARON 17 jewels 14k. Of white eold case Come mse& 'em today j AVITIMI . on our; New Toicy SAVI MONIY LAST LONOIR B. TURNER 19 ewels. 10k. naturel or white gold case. $87.50 MULLETT $100 C. IAURIE 17 (ewels Natu- ral or white gold- - filled case. Bracelet. JEWELRY THORLEY MOTOR CO. Cedar City, Utah CEDAR, $71.50 CITY UTAH D. KENNETT 17 tewels. ral (old tilled case. Bracelet $71.90 3891 |
