Show AN ORDINANCE T to provide funds for th the construction of A system of water works to supply the town and tho the inhabitants thereof with water prescribing tho form of bond ilond to be issued and the planner manner gf ct selling the same section I 1 whereas on the day ot of june 1911 by order duly entered for that purpose the town i board of trustees did by resolution order a special election for the purpose of voting upon the question of incurring a bonded indebtedness in the euni sum of seven thousand 00 dollars for the purpose ot of providing funds for or the construction of a system oc of water works to supply the inhabitants thereof und and the town with water and wherein Wh ereis the said election was regularly held on the alth day of august 1911 aud zad the electors of the said town authorized the issuance of the eald said bolds now therefore 40 it lt ordained by the town board of trustees of the town of scofield in tho the county of 0 carbon state of utah sec 3 2 that seven thousand 00 dollars be borrowed upon tho the credit of tle ali town of scofield a municipal corporation of tho the coun county ty of carbon state of utah for the purpose of providing funds for the construction of a system of water works to supply the town and the inhabitants thereof with water which system Is to be owned and controlled by the said town sec see 3 that the mone bo b borrowed by the issuance of bonds of the said town of scofield 11 i the amount of seven thousand 7 00 dollars said bonds to t be of the denomination of five hundred 00 dollars each and to be payable in gold cola coin of the united states of america with interest at the rate of five per per annum payable semiannually semi annually according to the interest coupons attached to said bonds and that said bonds run for a period of twenty years with the reservation and option on the part of the said town to redeem tho the same or any part thereof at any time after ten years from the date thereof sec see 4 blat the said bonds shall be known as a scofield town water bonds and shall be dated april 1912 and e eich etch of sold said bonds shall bear coupons for the interest so ar ringed that the same sanie may be detached without mutilation of the bonds kich fach K ich coupon shill bo be to tho the sum of twelve and one halt 12 GO 50 dollars S sec SC C 5 that the said sald boudi boud shall be signed by the president and attested by the clerk with tho the corporate real of scofield town thereto affixed and tho the president and clerk aro hereby authorized and directed erected to sign tho the paid bonds in behalf of the said town of scofield agether with the coupons thereto attached sec see 6 that each of the said sald bonds shall bo be substantially in the forin form following follow ing to wit UNITED STATES OP OF AMERICA STATE OF UTAH no scofield town of the county of 0 carbon state of utah authorized by chapter 24 of title little 13 of the compiled laws of utah 1907 and all supplemental and amendatory acts and pursuant to an in conformity with sections 3 and 4 of article XIV IV of the constitution of the state of utah issued april 1912 on the twentieth day of april A D 1912 scofield town a municipal corporation of the county of carbon state of utah to pay tha the bearer the eum sum of five hundred dollars gold coin of the united state of america with interest thereon at the rate of civo per per annum 1 payable semi annually on the twentieth day of each october and april ensuing ensul ns the date hereof upon presenta n i and surrender of tho annexed interest coupons hoth both principal and interest are payable dt at the utah national bank salt lake city utah said town reserves the right to redeem this bond at any time after ten ears after date hereof it Is hereby rv represented presented certified and stipulated that all acts and things essential to the validity of thia this bond have been done and that very requirement of law affecting the tile issue hereof has been duly nd fully implied with and that the total air arr nt of this series of bonds Is with the debt limit prescribed by the institution and laws las of this state and that the faith and credit of Scoff eld town ara hereby irrevocably pledged to the payment of tho the principal and interest of this bond according to its terms this Is ono of a series of fourteen bonds issued by eald said town of I 1 ko ke tenor and date and 0 the da nomination of five hundred dall dollars ars and pre pro leuel issued for the purpose ot of providing funds for the construction of a system of water works for supplying ill the town and the inhabitants theeo with ith water in witness thereof the said scofield town of carboa carbon county utah has caused these presents to be blued bl 61 by its president and clerk tind and its corporate seal real to be at af fixed this twentieth day of april A D 1912 attest president pre dent town iaun board of trustees town garbon county utah clerk town cloird ird of trus tet iota 9 scofield jovn carbon counti utah SEAL the tho interest nu pona itt ached to eald said bonds shall be substantially in the form follow following ing to cowit wit 1250 2250 1260 12 50 scofield town carbon county utah to pay to tho the bearer r li root the BUDI suni of twelve and one half dollars nt at tho the utah national a bank salt luke lake cit ut rutih lb on tho the twentieth day of 19 being interest due on that day glay on water bond no clerk president sec see 7 all the statements re representations presentations covenants and agreements contained la in the said ba bonds n da and coupons cou pona and all the recitals recital a and representations contained herein aro are hereby considered and understood and it la Is hereby ordained d and declared that the said statements representations covenant 3 agreement and recitals are the statements representations covenants agreements and recitals of 0 the said scofield town sec see 8 that tor for the payment of the tile interest on the said bonds as tho samo same shall become due the sum of one hundred seventy five tive 00 dollars is 1 hereby appropriated on the twentieth day ot of each october and march of o eich year during tho the time the said bonds shall continue as an obligation ot of tho said town an anable ablo out of the general fund of tho the said town sec see 9 that upon the ex execution cution ot of the said by the president and clerk of the sald town the 8 same ame shall be delivered to the t rea hurer of tho the q abild tid to ton n who la Is hereby charged upon his official bond tor for the safo keeping of the same as well aa as the procedda ids derived from the sale thereof soc sec 10 ahat tho the treasurer la Is hereby authorized to sell 11 the said buada to the state ot of utah at the par thereof with ith accrued in Lei lebit it and the proceeds derived from the said sala sie shall bo depo deposited it by the treasurer to the credit of tho the water works fund sec see 11 that within ten days of sale fiala of the bonds provided for or by this ordinance the treasurer shall make a verified statement to tho the recorder chov shoving ing therein tho the ariouns of the proc proceeds eods of or the said eale sale when and to whom bold sold and the recorder shall keep a record of all bonds issued and disposed of by tho the treasurer also when presented for redemption tho the amount due and the names of the persons surrendering the ame sec see 12 that at any time after ten years from the date data of the issuance of the said bonds and when there Is money sufficient in the sinking fund to redeem on w or more of tho the said bonda bonds the board of trustees may by resolution direct the treasurer to cause to be published in a newspaper at salt lake city utah tor for a period of ten days a notice that thero aas has been set aside from the money in tha sinking fund provided for the payment of the eald sala bonds money sufficient nt to pay and discharge the number of bonds mentioned in the notice said notly shall state the number of bonds in their numerical order commencing at the highest number outstanding and giving the date when they shall bo be paid and if such bonds shall net not bo be presented tor for payment and cancellation at the expiration of the timo time mentioned in tho the notice then such fund shall remain in the treasury to discharge such bonds whence r presented but they shall 11 draw no interest after the date mentioned in the notice before such bonds shall bo be paid they shall bo be presented to the recorder who shall endorse thereon the amount duo due and shall shill write across the face of each of said bonds tho the date of its surrender and tho the name of the person surrendering the same sec 13 that the recorder shall endorse on each of said bonds his certificate that the eald said bond and the entire issue I 1 within tho the lawful debt limit of the aid said scofield town and Is issued according to law iw and shall sign the earno same in his offic tit character sec 14 lb ahat tt this ordinance shall tako take effect and be in force ten daya days after tho the date of its passage approval and publication PASSED AND ADOPTED by the board of trustees eee of scofield tosu carbon county utah this day of april apra A D 1912 ATT ATTEST A EST 1 W D STILLMAN STILL MAN cleric clerk NEIL nt president approved this tiny of april A D 1912 NEIL 31 MADSEN president 1 |