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Show an oaniNANC i: ll M K OF ELECTRIC OKDIWVL AUlllOBIIV, HIE KLU-i: IH)M)S OF HIE U IMFBOW.MLM Kilt AM) IOAl OF $200,000 t OIC I XMOlNT IN Ilk. ll KF PMtOUW, LlAll. imimiomno and tin: firfose of lyiendiv hie 1UA IKK EIGHT M) FOUln SYSTEM OF SID CFIY; PROFoil mi: nvMivr of the bonds authorized wd:g HHs OK!)lNN(T, AM) IIIE IVI Fill. ST ON SI ( II BONDS; l; 1UI S( i i I N . 1 Hi: 1 OKM OF SMI) BONDS AND IIIF COUPONS to m. AiiAdtiD i iii.iti: i o; sri.niHNi; other details in uinnk'iion unu 'i in: ivsi xmi; of skii bonds, and 1 - 1 I ( 1 an ordinxnce of said uiy adobtfi) and. itiiTuiv; O ON 0 IAIBI.lt 23, 193. I APPROX 1 the City of Furouati, in the County of Iron and l't ,h, owns and operates a rniirucipal electric light and i .,ui ostein, (hrmnaftrr called the System"); and MHEItKXS, an Ordinance of said City adopted and apprdved the "1919 Ordinance) on Match 2S. 19 ID, (heieinaftcr called of Municipal Electric Eight and Fower ai'hori.ed the Roui e JtomK, Senes April 1, lr) ID, in the principal amount of f which bonds are now outstanding and unpaid; and Jot $110 WllFKFAS an Otdmancc of said City adopted and approved on Mitch is, F.i.'tl, authorized the issuance of City of Panman Electric I, tt arid Power Improvement Itevenue Bonds, Series April J, bC.l, in the principal amount of $12,000, of which $.19, 000 of said bonds aie and unpaid; and HEBE S, it H pi oposed to refund .said $39,000 of Bonds, Senes HFBFAS. I ot M.itt OI TO CEFERRATE OCR NEW STORE, WF ARF 1 RING TO YOU FXTRA SAVINGS OX THESE PRODUCTS MAY NFVFR RE THIS IS YOUR OPPORI UN FI Y IO MAKF SAVINGS THAT - HURRY SUPPLY LIMITED KELVIIMATOR Range and ng .1 1. lord; and Automatic WHEREAS, it i pt oposed to improve and extend the System by Ovon Timor on trecting a Indro elec trie generating plant on Red Creek, with I 'y Start, limot and ttopi I N cooling oporotioni ail nteessjiy incidental equipment and appurtenances, which to be connected with the existing Sytem; and yen rating plant is W III. REAS, for the purpose of paying the costs iflid expenses of constructing said generating plant and appurtenances, revenue Ooop I bonds of the Citv shall be issued as hereinafter provided, such Scotch Kottlo" i Economical cooking bonds and the inte rest thereon to be payable from a part of the ' t Nof toup. tlewi, ole. net proceeds of the System; and the Council WHEREAS, has caused a comprehensive City estimate to be made of (be cent of constructing .said generating Doublo-Dut- y plant, and of the net operating revenues to be derived from the M.sttm. ly 'llmmas C. Adams, Consulting Engineer, of Salt Lake Surfoco Unit Havo toparato inner, City. Utah, who has beeii approved by the State Engineer of the and outer coil State of Utah, and wtio lias no connection with any manufacturer! f,r sc lh r of machinery, pipe or other equipment to b) used in such a , construction, or the installation theteof, and having no connection with Utonctl am person or corporation engaged in the same business; and toomy f Compartmont WHEREAS, the revenues of the Svstem ate adequate to meet all t Plonty ot itoraga ipuca and payments deposits icqimcd by the FJ19 Ordinance, the Ordin1 X, lot pot, pan, lid ance authmiipg t!ie refunding of .said Bonds, Series of April 1, PHI and the payments and deposits required by this Ordinance, f ' '1 IE1! EFOR 11, BE IP ORD IEI) BY 'HIE CITY COUNCIL OF HE (11Y OK FAROUAN, IRON COUNTY, UTAH: i Luitrou. Llfotimo '"NiA. Titanium Porcoialn That all proceedings heretofoie taken and adopted Section ElnUh for the of the pioposod generating system, including the Stain rntont, duroblo V teotts bv s.iul 'Jhoinas ( Adams, be and the same are hereby jatiEed, .ippiowsl and confirmed. Sec Him 2 That a bncf description of the proposed DFFUXE Automatic improvements is the comt! uc turn anil installation of a hydro electrie power plant Flee trie KFFVINATOR R inigc on Red Cm k. together with incidental equipment and appurtenances, m older In connect such hydroelectric generating plant with tie exi ding electnc light and power system of the City. Section 1 '1 he estimated cost of the proposed improvements is Sis, ooo, and it is not anticipated that bonds for that purpose wdl be issued in 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 $15,000 of additional bonds to be issued only if necessary. Sictnm 4 That for the purpose of protecting the public health, const i mg the propertv and advancing the general welfare of the ( ity of Patou an and the inhabitants thereof, and for the purpi e el providing the costs and expenses of constructing and imtall ng said by dm electric generating plant, bonds of the City of Fa row an each fo be known as 'Electric Light and Power Improvement Revenue Bond, Series Flat" are hereby authorized in the pt me ipal amount of $200. ooo, which bonds and the interest thereon shall It pavahle solely out of a fixed proportion of the net revenue-. to be derived from the operation of the System, and not otherwise, as heremalter provided Sec lii'n 5 Saul bonds shall be date'll as of January 1, FJ54, and shall consist of 200 bonds in the denomination of $1,000 each, mmibeietl to Loo, inclusive', shall bear interest at a rate or rates to be detenu med at the time they are sold, but not to exceed five Per icutim per annum, payable .semiannually on January 1 and Julv I each year, and they shall mature on January 1, $10,000 m inch of the years !!)."( to 19i5, inclusive Bonds maturing in the veais 1005 and thereafter shall be redeemable at the option of tlio Cay on January E FJt;4, and on interest payment dates there-alti'in inverse numeiical order, at par, accrued interest and a pi oilman equivalent to one years interest computed at the littnM rate borne by the bond m the year immediately folowing the d.ite of ledemption Notice of redemption shall be published in a new paper of general ciioulation 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, l tab, and to the original pm chaser of the bonds. Seitnm t! Saul 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 under the provisions of the Negotiable Instruments Law. Section 7 Ihe principal of and interest on said bonds shall be payable at the Continental Rank & Trust Company, Salt Lake City, Utah, in law fill money of tlio I nited States of America, without deduction for cxihange, or collection charges Saul bonds shall be signed in the name of the City of larowan by the Mayor, attested by its City Reeeuier, with the seal of said City impressed thereon, countersigned by the City Trensmer. and the inteiest coupon thereto attached shall he signed with the facsimile signature of the City Treasurer. Section 8 Said bonds, ami the coupons thereto attached, shall be in siibstantialy the folowing form On FRFD AGAIN. ACT NOW HURRY i'-'- dul-ljiuii- 1 Apt r.s z fat r tfc, &&'o 1 A I Ft' i A f J . J.s i- - d'W. p a "X . , 1T3 f 1 F'i f .S JUS 1 1 V n Mixlcl AKC Farpe 10 Cu. Tt. KFFVINzTOR - with huge aeross-the-totrocn fo'kl ehcsr, handy door shelves. p Was $224.95 Now ONLY Was $269.95 but Look at this price Yours lor cmly $5.00 Down and sS7.0() jscr month. As little as $10. Down and 59.00 per month. RCA VICTOR TTJi d it Fhik a and you can automatically play up to 1 I i rW 2 - ...I '! sr ' Vcl V.AV MOOEl 3X521 hours of con- tinuous music. "At home" wherever i, t is, this handy RCA 95 Priced at only -- -- el play recorJs nearly nJi.i .;P button once a a low-price- d Victor table edio will give you cars of good listening, INI TED STATES OF AMERICA STATE OF UTAH COUNTY OF IRON CITY OF FAROWAN ELECTRIC LIGHT AND 1'OWER 1MFROVEMENT REVENUE SERIES BOND 1954 No $E000 he City of Fannvan, in the County of Iron and State of Utah, for value leeened, hoteby promises to pay to the bearer hereof solely from Be Special 1'ind hereinafter mentioned, the sum of 1 ONE THOUSAND DOLLARS , with interest thereon at the ' ) per annum, per centum ( payable semi annually on the 1st day of January and the 1st day of July each year, upon presentation and surrender of the annexed interest coupons, as they severally become duo If, upon presentation at maturity, payment of this bond is not made as herein provided, it shall bear interest at the same rate until the principal hereof is l..id in full Frmupal of and interest on this bond are payable in lav, fa! money of the United States of America, without deduction for exchange or collection charges, at the Continental Bank & Trust Company, Salt Lake City. I t.ih. ilho to 'owing il.ume shall appear in bonds maturing in the years lit 5 and t'u 1 af'i r ) this bond is letleimable m its inverse numerical order in the issue of v' ih it is one. at the option of (he Citv of Farvvan on Januarv 1, 1ST, mi on a i interest pay me: t da'e thereafter, at par, accrued Uu r t .ir.d a 1'ieniium epiiva'ent to one year's interest hereon, ti e r.,e b u no by this born! in the (I 'nj'Gd year immediately fTm 'g this (Rite of re emotion Re it mj turn shall be made on not l! s B'litv G n days i'i lor notice by publication in a newspaper x! cncuh.Gnn m sa (. ty m the manner and upo n conditions n the td ie of thus bond a'd'.mujg the s L ml is f r tl e t uipu-- e of di fraying the toM of lmprov-i- . g ( x tomb iv the Elcitnc - ght jvd Bower System of said City, by c. eliuit ng a by dro electric Ienerefing plant, with appurtenances rm miidtn?!-- . ard to commit saih gccratim; plant with said mun Ki, ..1 S' s.cn. ad m torfuimity wrh the at. on and laws of the SR.V if Utah, par.tulu !y under the jrev.-- , t,f Sections 55 3 1 to Ce,nGnucd on page Lve on the rate of 1- -t day of A D January, 19 1 Dialamatic. 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