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Show r Friday, November 1, 1957 into rial trust fund, the beneficial inAny successor trustee appoint- Trustee set aside as received terest in which shall be in the funds: furthe without following special shall iieieunder ed Date of Nairn1 uf Signatuie from time to time of the there holders of revenues the Out with vested (a) become of ther act fully Registered It gistiur all th? estate, properties, rights, shall be first set aside from time outstanding bonds payable from HulJlT liutiun and Interest powers, tiusts, duti.s and obliga- to time as needed during each the Revenue Bond All of the Bonds numbered 376 to 1500, Fund. for fiscal fiscal in trust (the year Redemption year of its tions predecessor inclusive, of the issue of which hereunder with like effect as if the purpose of this resolution money in the Guaranty Fund this bond is one are callable fur named as Trustee here- being the same as the calendar shall be invested by the Trustee unginally redemption at the option of the United 5. The words "the system" shall Salt Lake City, Utah 7 in, and the Trustee ceasing to act year), such amount, if any, as in direct obligations of the Section October 22, 1957 be understood to mean the com-Th- e shall pay over to the successor may be necessary to provide for States of America maturing in not The Trustee ten years from the Board of Trustees of bined watei woi ks plant and Fur the benefit and protection trustee any money or securities the payment of such part of the more than thereafter, in inverse order of ma date of purchase, and the Trustee - Hunter Improvement tun and sanitary sewer plant and and the which may then be in its posses- expenses of maintaining and bunds tile of bonds within with the turities, the system in such fiscal is hereby authorized, to the exfiom time to time sion under the terms hereof. District, Salt Lake County. Utah, system of the district, including any maturity to be selected by holders thcuor uf trie as may be in excess of the tent at any time necessary, to sell Section I year met in regular session at the reg- pecifically, but without limitacoupons. holders the and lot, at the principal amount therefaciliTho Consulting Engineers proceeds derived in such fiscal a number of auch. obligations sufular meeting place of the board at tion, all water and seweror hereof plus accrued interest to the First Security Bank of Utah, N.A., Salt of and Lake Salt year from the levy of the four (4) ficient to produce the money necLinke, 3530 South 2820 West Street, Salt ties of every nature now Templeton date fixed for redemption and a Fourth South Branch, the here- mills operations aad maintenance essary to make up the deficiency been have Utah, Lake Lake City, Utah, at 4:00 oclock, after own. d or operated by saniappointed City, is Utah, hereby so bond City, for each of $40 premium and including the and tofore selected by the board and tax authorized to be levied by in the funds available for the p.m., on October 22, 1957, with the district, redeemed on or before November as Truster, with the powers Utah Code Anno- payment of principal of or intertary sewer system and treatment are her. by appoin:ed as consult- Section hereinafter duties following members present: provided. 1, 1977, and a premium of $30 for in 1953. fund shall be est on the bonds payable from the of This for the duties tated, W. J. Jones, chairman; Estel L .ind disposal plant constructed the purposes The Trustee accepts ing engineers each bond so redeemed thereproceeds of the to this resolution. It shall be the designated as the Operation and Revenue Bond and Interest Reit in in her: Wright, trustee; L. O. Larson, part with theauthorized, subject imposed Notice to after maturity. prior together sale may jonds herein conditrustee. duty of such engineers to com- Maintenance Fund, and shall be demption Fund, which either of the call of any of the bonds the following terms and in such reasonably be made by the trustee primaintained of There was also present L. O. with all improvements and extenpart any preparation tions: plete for redemption is to be given not sions hereafter made thereto and 1. The Trustee assumes no re- of the plans and specifications for necessary amt., and shall be paid vately or publicly, but at not lees Larson, clerk. to the less i, than and prior days thirty After the meeting had been :o .he waterworks plant the correctness of the portion of the syi'.em which out in such manner and for such than the prevailing prices quoted redemption date by registered sponsibility for and together with all water h: contained or is to be constructed with the pro- purposes as may be directed by for the obligations so sold. rein recitals duly called to order and the roll the holders the to mail faciliregistered Section II he board. called with the above results, the ind sewer properties and as to the value ceeds of the bonds herein author-iz.for representations on thereof at the addresses shown not re Covenants General revenues the From if such (b) and bids received for the districts ties hereafter owned or operated of the or title specificathe plans of the system the Registrars registration books. the The board hereby covenants bonds were tabulated and found by the district and serving district ther. to, or the validity tions have not been heretofore en- quired from month to month in reis for bond called for callable be redempIf real shall estate, any inclusive, district, including to be as follows' completed, to supervise the ach fiscal year for operation and and agrees with the successive tion which is not at the time uf of this resolution or the bonds tirely Net Interest trunk and lateral mains, facilities demption at the option of the Name of such portion of maintenance as above provided, holders from time to time of the construction attached and coupons. not as maturito call registered in inverse order of principal, Cost in Dollars fur the obtaining of water, pipes, nf Bidder not be and the shall 2. Trustee The any improvements there shall be set aside monthly bonds end the coupons representsyst.m within any less than thirty days notice of Edward L. Burton Co., $1,544,250 valves, buildings, machinery, ap- ties, with the bonds which may into a fund to be designated as ing interest thereon, that ao long thereto to extensions board and of the failure for liable 1.589,905 paratus and equipment of every maturity to be selected by lot, on redemption is to be given through while revenue Ihe Revenue Bond and ln:erest as any of the bonds remain outof John Nurveen Co the fur or made be ren.w or any insurance and all November 1, 1972, and on any in- .he publication of an appropriate insure and resocharacter description the following remain earned bonds of mount Thereupon Redemption Fund" such amounts standing and unpaid as to either outstanding, to insurance ease- ti rest payment date thereafter at notice one time in a financial lhc lution was introduced in written eights, privileges, leaseholds, the application of the pro as will be fully sufficient to pay principal or interest: bl,:4r(-othe by in the City the principal amount thereof plus newspaper published all principal and interest falling form by W. J. Jones, was read ments, franchises, rights-of-wa1. The board will maintain the 3. The Trustee may execute cceds of the bonds to the payNew York, or Chicago, Illinois, date fixed 1 and considered, after which, pur- and contracts pertinent thereto or accrued interest to the in good repair and worksystem hereof ment of the construction costs in due on May 1 and November or the to of of sent trus's a mail and powers and registered any for in by connection therewith, used premium redemption n suant to motion made by Estel the manner hereinafter provided, of such fiscal year, on the bonds ing order and will operate it or or itself bank at bonds either by are ao which the the redeemed bond or each without through within $40.00 for and seconded by L. O. whether lying and such obligations as may be will faithfully and and ly or its agents 1, 1977, to attorneys, November through on or prior payable. issued in the future on a parity punctually perform all duties with Larson, it was adopted by the the boundaries of the district.. the revenues" and $30.00 for each bond so re6. The words This bond is by statute made employees, and shall not be anwith the bonds under the condi- reference to the system required following vote: for any to mean all deemed thereafter prior to ma- fully negotiable for all purposes swerable or accountable tions hereinafter set out. There by the constitution and laws of Aye: W. J. Jones, Estel L. shall be und:rstuod revenues of every character de- turity. Notice of the call of any but may be registered as to prin- act, d. fault, neglect or misconshall also be paid into said fund the State of Utah and the proWright, L. O. Larson. of such agent duct is of attorney, the any bonds for rived fiom the operation of th. redemption cipal in the manner and with the all accrued interest received from visions of this resolution. Nay: None. if reasonable care The resolution was thereupon system, including not only all to be given not less than thirty effect for which provision ap- or employeeexercised the purchaser of the bonds at 2. The board will fix and collect in apthi has been residents and days prior to the redemption date pears on the back hereof. the time of the delivery thereof, rates and charges for all water by the clerk, ordered recorded and payments made by thereof, and for to the retaining mail district registhe of pointment by registered Under the provisions of the and the sum of $125,000 for in- and services supplied by the syssigned by the chairman, attested declared to be in effect. The reso- current services rendered by the tered holders thereof at the ad- aforementioned resolution of Oc- nor shall the trustee bi otherwise terest to accrue on the bonds tem or accountable answerable fully sufficient, after making except also all dresses shown on the Registrars tober 22, 1957, First Security Bank system, but including lution is as follows: during the construction period. allowance for delinquencies in or r own for its hereinafU-books. If any bond is of Utah, N.A., Fourth South gross as negligence "initial payments registration A RESOLUTION providing for Money in the Revenue Bond and coll:ction, to provide (in conjuncbad faith. To the extent that pro- called for redemption which is not Branch, Salt Lake Interest Redemption Fund not tion wih the proceeds of the anCity, Utah, has the acquisition of a sanitary sew- defined. as of the for made call under hereinafter is ee at vision ihe time shall bi The Trus 4. registered been appointed Trustee for the needed for the payment of prin- nual operation and maintenance er system and treatment and disact not less than to of insurance to thirty benefit of the holders of the bonds no obligation proceeds principal, perform any application cipal and interest falling due on tax for four (4) mills which is to posal plant for Granger-Hunte- r deof or shall of principal to the days notice of redemption of this issue and for a statement hereunder or to institute or the next interest payment date be caused to be levied by the Improvement District, providing lit restpayment on the bonds herein be given through the publication of the duties of said Trustee, a fend any suit in respect hereof for the issuance of the bonds of may be invested in ninety day board) for the payment of the shall also of an appropriate notice one time more complete statement of the unl.ss properly indemnified to its such bills of the United States Treas- expenses of maintaining and opGranger - Hunter Improvement be considered proceeds to be included in in a financial newspaper pub revenues from which and condi- satisfaction. ury. District; enteiing into certain the term the revenues. Interest lished in the erating the system and to preof New York, tions under which this bond is 5. The Trust2 shall not be re(c) From the revenues not agreements and making certain received on invested funds and New York, orCity serve it in good repair and workIllinois, de- Chicago, of to notice contake a statement the of any in each fiscal year for the quired payable, tion 0f Mid initial portion of the provisions for the security and ing order and in addition suffifrom the sale of and sent by registered mail to the ditions on which derived 1116 profits or district Doara of the obligations may fault sewer system shall be considered payments above required to be cient to make all payments repayment of such bonds; provid- securities in which funds of the bank at which the bonds to be rehereafter be issued on a parity unless specifically notified of such as one of the expenses of main- made into the Operation and ing for the sale and delivery of district are invested shall also be deemed are quired to be made into the varipayable. with this bond, the conditions default in writing by the holders taining and operating the system. Maintenance Fund and into the ous such bonds, and entering into col- included in .he term the revefunds created in this resolu4 bonds. the Section of to and extent of which which under Bond Re outstanding and Interest Revenue any lateral agreements and provisions Section 9 tion. In order to assure a margin not jbe included nues." There shall resolution modified be said Registration in connection with the foregoing. 6. The Trustee shall not be Tha General Manager iqay demption Fund, there shall be of revenues over bond require- The bonds shall be registrable with the consent of the holders bound to recognize any person WHEREAS there was held in in the term any money derived The board agrees that it will paid in each fiscal year beginning ments, regardless of changes in taxon the taxes of from levy as to principal in the manner and of seventy five per cent (75) in as the holder of any of the bonds Granger - Hunter Improvement able appoint a well qualified general with the fiscal year 1961 into a economic conditions over the life with the effect provided in the principal amount of the outstand- unl.ss title thereto is established District on August 14, 1956, anj 7. properly in the district. 7 nianag.r for the district who shall fund to be known as the Guar- - 0j the bonds, the board has The words initial payments" form of bond hereinafter set out. bonds of said issue and the to the satisfac ion of the Trustee. serve at the pleasure of the board Fund the um ( $10,000, vjded a maturity schedule extend-unt- il election at which there was subing to mean all be unJcrshxid shall mitted to the qualified electors Section S there shall.be in the Guar- - jng over a longer period than it general covenants and provisions 7. The Trustee shall not be held and be charged with the general of said district who had paid a advance payments made by anExecution of Bonds applicable to this bond, reference responsible in acting upon any management of the system, and inty Fund the sum of $120,000, would otherwise have provided. in of the us.rs system Each of the bonds shall be is hereby made to said resolution. notice, resolution or oth.-- paper whose salary shall be one of the which figure may be subsequent-'- y property tax in said district in Accordingly, in order to assure the year next preceding the elec- ticipation of connection with and signed by the Chairman of the The district has covenanted and or document believed by it to be .xpenses of maintaining and opincreased if so provided in the existence of revenues in in considerathe of the uc system, docs tion, the following proposition: shall be attested by the agreed and hereby covenant proceedings authorizing the issu- amounts which will and to have been signed erating the system. tion of the acquisition of the sys- board, of the permit the to maintain continu- genuine and ance a on and of future bonds have shall agree General Clerk The board, Shall the bonds of Granger-Hunt- tem parity ihe may Manager or presented by proper party retirement of bonds in advance by ttic district and its avail-abi- li water rates for and such srith as bonds seal of hereinafter the the thereon as the s.rve ously of cither collector the in impressed or parlies. Improvement District y to such users, provision district Interest If at any time after the of maturity through purchase or due on services furnished by said plants the aggregate amount of $1,900,-00- fur which 8. The district will pay to the revenues of the distric: or may provided. in a shorter period of in the the bonds on andfalling to ma- and appear payments as be sufficient will initial of accumulation the redemption systems prior maturing in not to exceed initial schedule of fees contained time a rea- empley a collector, as may be I time from to time Trustee than that contemplated by adeamount required to be in the shall be evidenced by ap- .o provide revenues fully forty (40) years from the date sonable compensation for its serv- determined by the board, but the the fixed maturity schedule, and Section 11 hereof, except that turity out to all the Fund to in amount be interest the the requirecarry thereof and bearing interest at in Guaranty quate coupons ices rendered hereunder, which the first $50,000 collected from propriate fund shall fall below the full in order to cover allowances for which coupons ments of said resolution. .hereto not to exceed the rate of six per such shall be regarded as users as initial shall be attached, said Chairman compensation prospective? amount ao required to be accu- contingencies and margin of ercent (6 per cent) per annum, be It is hereby certified, recited an expense of maintaining and signed by shall not be included payments mulated therein, auch deficiency ror, the board agrees that such and Clerk by their facsimile sig- and declared that all acts, condiissued by said district fur the wi.liin the term "the revenues operating the system and shall be shall be remedied through the schedule of rates and charges purpose of paying the cost of the us hereinafter used, but shall be natures, and said officers shall by tions and things required to exist, payable from the revenues thereshall a; all times fixed and rethe execution of the bonds adopt happen and be performed pre- of payment thereinto of all of the vised so that thebe revenues acquisition of a sewage collect ion applied as hercinafl.T provided. accordingly. not as and for their own proper sig- cedent to and in the issuance of revenues in each fiscal and outfall system and, in the. disremaining 8. The words the bonds shall in each fiscal year to the 9. The Trustee m-- y become the, applied after natures their facsimile said cretion of year respective district, a sewage be this bond and the issue of which payments required to to refer to the on said cou- it is one, have existed, have hap- owner of bonds anil e uip n ivi:h be made into the Operation and payment of maintaining and optreatment and disposal plant, fur bundsunderstood in the amount of $1,500,000 signatures appearing if have vreuld same it the rights Maintenance Fund and into the erating the system as above prosaid district, and for the purpose pons. Each bond shall contain the pened and have been performed hen in authorized. a Trustee. not Revenue Bond and Interest Re- vided, shall in each such fiscal authorized of paying such legal, engineering recital of due manner in and as regularity by time, form be not less than one and Section 2 The Trustee and my successor Code Anno- required by law, and that the Section and fiscal agent expenses reason-- , Utah demption Fund in such fiscal year year one- - of maintaining and operatto Sewer System Acquisition to trustee shall have been made, until the may resig.i uy giving tated, for which provision is made ably incurred in connection with of this bond and of such the system in the year in .he Clerk of the board notice in in the bond form hereinafter aR- - issue do not exceed any applirequired amount has again been ing theacqinsition of such systemand c which such taxes fall due, such j bondthe and in accumulated giving with the authorization and issu- by the writing cable limitation Guaranty prescribed by sysllMn. Ilu.fudmK a treatment P?almgFund. Money in the Guaranty tax being the tax authorized by Section I the constitution or statutes of the holders notice through publicato disposal Utah Code plant, pursuant less than not once least at tion Fund shall be used to pay prin- Section properly payable from the pm- plan. and sp,.clflciltll,n, ;hm,for State of Utah. Bond Form effective to the of or interest on bonds pay- Annotated, 1953. days prior sixty cipal Unitad States America of prepared by the consulting engiIf at any time the revenues IN WITNESS WHEREOF, date of such resignation, in a finable from the Revenue Bond and State of Utah neers, which plans and specifica- Hunter Improvement ancial newspaper or journal pubfrom such charges shall arising Interest Granger Fund to as Redemption County of Salt Lake tions have been heretofore apwhich there would be a default not be sufficient to produce all District, acting through its Board lished in the City of New York, r Granger-Hunteproved by resolution of the board. of Trustees, has caused this bond New York, and in a financial if money in the Guaranty Fund amounts herein required, the Improvement District The cost uf the portion of the board will revise the water and to be aigned by the Chairman paper published in the City of were not ao used. and Water Bond Sewer Revenue sower system which is to be and attes'-e(d) Any of the revenues re- sewer service charges so that such by the Clerk of said Chicago, Illinois. Such resignaad valorem tially constructed Series 1157 Pr all board and the corporate seal of tion shall take effect on'the day gaining in the Trustees hands deficiency will be remedied beNumber . .... $1,000 i: the end of any fiscal year after fore the end of the next ensuing KNOW ALL MEN BY THESE said district to be impressed here- specified in such notice unless on and has caused the interest previously a successor trustee ill of the above required pay- fiscal year. If any such revision Trust?,, o, the district? , PRESENTS that Granger-Huntcoupons hereto attached to be ex- shall have been appointed cither ments shall have been made may in charges shall so become necqu:sit:on shall b.1 through con- - Improvement District, a duly or- ecuted by the facsimile signatures by bondholders or by the board as he used to retire in advance of essary, the board agrees to conWHEREAS due and legal no-- , struction, as and existing improvesupplemented by the ganized of said Chairman and Clerk, all hereinafter provided, in which tice of the calling of said election maturity the bonds or bonds here- sult with and be guided by the ment district Counin Lake Salt all of purchase necessary real as of this first day of November, event such resignation shall take after issued on a parity there- advice of the consulting engity, Ut., for value received, hereby 1957. givin and said election was Mate, rights-of-wamachinery, the apeffect upon immediately with, may be used or reserved for neers as to what revision should m all things properly held and to or to if bearer, pay promises nt and other properly, successor such of the pointment conducted and resulted in the ap- - equipm. bond to making of current or future be made. If the board shall fail this be the regregistered Section 3 trustee. Chairman replacements, extensions or im- to revise such charges as herein istered holder thereof, solely from proval of said proposition by a The Bonds The Trustee may be removed vote of 697 in favor and 167 provements to the system, or may required, the holders of not less For the purpose of piying part the revenues hereinafter speci- Attest: be used to pay principal of and than ten per cent (10) in aggreat any time by the holders of a against, and on August 20. 1956. of the cost of the acquisition of a fied, upon surrender of this bond, Clerk interest on junior lien revenue gate principal amount of the outtne Board of Trustees canvassed complete One Thousand Dollars majority in aggrega'.e principal sanitary sewer system the sum of bonds of the district. Any such standing bonds and bonds hereamount of the outstanding revethe results of said election and for the district ($1,000) on November 1, 19 .... , (Form of Coupon) as aforesaid, nue bonds and bonds hereafter .ound that said proposition eluding a treatment and with interest surplus not used for such pur- after issued on a parity with the from date Number $ disposal hereof until thereon a had carried; and on therewith issued pose shall be paid into the Guar- bonds, whether or not any of the On at the first by the rate of of parity .ind paid day for the purpose of pay- plant, inor an instrument concurrent 19 anty Fund or, when the Guaranty bonds shall then be in default, unless cent , the WHEREAS bonds have been ma such legal, engineering and hereinafter per (5) Fund is in its full required shall have authority to bring an in struments filed such mentioned by bond has theretofore heretofore issued pursuant to au- -' hcal aer.t expenses reasonably per annum, payable May 1, 1958 writing amount, may be used in any fis- appropriate action in any court of thorization so granted at said incurred in connection with the and thereafter on j been called for redemption and holders wi:h the Trustee and with cal year in an amount not in ex- competent jurisdiction to compel election to the amount of $300,001) acquisition of such system and May 1 and November 1 of each provision for the redemp'.ion the Clerk of the board. cess of the sum produced in such the board to carry out the proIn case the Trustee or any sucyear, with inter, st falling due on thereof duly made, Granger-an- d only, and it is now desired to wi h the authorization and fiscal year from the levy of the visions of this paragraph. The to Hunter distrustee be shall cessor mcc the issuance of $1,500.- of such bunds as may be prior resign, Improvement District, maturity payable j four mills maintenance and oper- board agrees that it will make no 000 additional bonds and to au- - properly will pay to bearer sum of solved, be removed or otherwise only upon presentation and payable from the ation tax to pay principal of and reduction in the initial schedule the bonds in such manner c eds thereof, including the pay-th- render of the anneal'd interest Dollars ($ ... .), become disqualified or incapable in. crest on general obligation of sewer charges hereinafter set they will be payable solely "'"i of inter, st to accrue on the coupons as they severally mature. m the manner and out of the of acting, a successor trustee may bonds of the district. In retiring out or in its presently prevailing from the operating revenues of bands during the period of con-t- Both principal hereof and interest revenue described in said bond, be appointed by the holders of a valorem taxes shall not be hereon at are the main in in as u. li t.aii, which interest is so to office of the Trustee lawful the principal amount garded system: "revenues" as that term bonds hereunder the Trustee is water rates until all the bonds ispayable NOW, THEREFORE. I3e It Ilo- - accrue is herebv es.imated to bo money of the United States of (initially First Security Bank of of .he outstanding revenue bonds! is used in this section. From and hereby authorized to give notifi- sued hereunder shall have been solved by tho Board or Trustees the sum of $125,000, there N.A., Fourth South Branch), and bonds hereafter issued on a after the issuance of any of the cation of redemption hereinabove retired, but this sentence shall shall America at the main office of the Utah. of Granger-Hunte- r in Trustee be Salt Lake City, Utah, being parity therewith by an instru- - bonds, the revenues shall be set required and to pay all bonds not be applicable to the amouiils First borrowed on initially the credit nf the Security Improvement revenues and payable solely from Bank of Utah, N.A.. Fourth South interest that day due on its Water ment or concurrent instruments aside into and are hereby pledged presented for rcdemp.ion and to fixed for connection charges or District, as follows: initial payments. Section 1 !,ht' revenu s. the sum of $1,500,- - Branch), in Salt Lake City, Utah. and Sewer Revenue Bond, Series in writing filed with the Trustee i for the purposes of the following cancel all bonds so redeemed and 3. The board will not OHO, and that m This bond is one of an issue 1957, dated November 1, 1957. and and with the Cl: rk of the board, special fund. The Trustee shall deliver ihe cancelled bonds to the permit Detinitions evidence thereof free water or services to be supbut until a successor trustee shall segregate the proceeds of the ini Treasurer. The following words and terms turi :,,e h rehy authorized to of $1,500,000. issued under author- numbered If piior to the time at which plied by the system to the district ,s'iU,d tin- revenue bonds of ity of Chapter 6 of Title 17. Utah have been so appointed by the used in this resolution snail be he district in such amount. Code Annotated, 1953, pursuant notice of redemption must be so or to any person, firm of corporaChairman construed as follows bondholders, the board by. an inTtic biin.ls shall be 1. "Thr? hoard" shall be understrument in writing duly authoran election held in said district Attest: giv. n it shall appear to the tion, public or private, or to any designated ized by resolution shall in such Trustee that bonds can be pur- public agency or instrumentality. and Sewer Revenue!0" stood to mean the Burl ,: "Water 14. 1956. and to reso- 4. The initial schedule of rates Cloik HiiiiJ;. Series 1937 " The bonds tiilion adopted by the Board of case appoint a successor to the hereinafter created the sum of chased on the open market at a Trustees of Granger-Hunte- r Iin for sewer services rendered by :uh lie fur (Provision and d.it.d lower Trustee Trustees cause shall said of District. November $50,000, notice aft.r which the initial price than that at which dis'riet on Octo1, 1957. registration of provement 2. The district'' shall be under- shod be in the nonuMiiiution of ber 22. 1957, for the purpose of bonds.) thereof to be published as payments shall be treated in the bonds can be called for redemp- the system, which schedule shall 51.01)0 The within bond may be tion. the Trustee shall use all or be subject to such increase and stood to refer tu Granger-Hunte- r each, shall be numbered paying part of the cost of the acpromptly as possible in a financial same manner as are iuni un upward, and shall be quisition of a complete in the name of the holdor nues of the part of sueh surplus funds for the revision from time to time as The published Improvement District a. such dissystem. Trustee journal sanitary trict now exists or as ;t in iy at payable a to both principal and sewer system for said district, in- - er as to principal only on books in the City of New York. New shall allocate a'.! of the revenues purchase of bonds at the best may be necessary to carry out the t!lc Trustee referred York, anil in a financial news-- ! to the Various funds in the order price or prices obtainable. Bond provisions of this resolution, shall any time hereafter ex.st with ix inteie.--t in lawful mumy of the eluding a treatment and disposal to l'1' k,'Pt be as follows: l.mted Slates of America at the plant, and the payment of proper V 1:1 l" "'''bin bond, as Reg- - paper piihiisiied in the City of in which the fund ore tended buundarns. payable from the Revenue Bond Single residential units, $3 per such registration to no and Interest Redemption Fund 3. The "consulting eng. nor is" principal nlfu-- - of iju- - Trustee "eid ntal expenses, which issue, Illinois. The successor after listed. All charges for e :i. rcinaiicr n un J. The h,"'w,n n the registrab in so appointed by the board ices rendered by the system shall may be so retired by the Trustee month. bonds l0ith- r with any other bond Double residential units, apart-nhear interest payable May which may he isued on a parity huik below, jfter which no shall serve as the Tru.dre until be payable by the user thereof to at any time as of which no bonds nt houses, commercial and inb, therewith under the provisions of from sueh fund arc re- valid un.. ssisueh tune as a successor trustee the Gen.ral Manager or to the have leen app :n!e.l hy the c;v lector tu whom the General dc.mablc under their terms, but dustrial units, schools, churches :he aforementioned resolution, is ni;id mi said books by the stered holder or his attor:: bondhold. rs in the manner here- - Manager may have del gated the not if the purchase therof on thu and other units not classified above will have rate set hereuntu duly authorized and mabove provided. If in a proper collection of cha:g s. and shall be open market will ... .. proporrequire the reshall b come due'!',vo from the operation of the sl!1':lar.y noted in said regist i ease no appointment uf a surces- - paid by the manager or collector tirement thereof at a price greater tional to the service rendered as recommended t;o blank 105 by the consulting trustee shall be made pur- to the trustee as rapidly as cnl-- h than below, but this bur. seal order on combined waterworks plant and plus accrued interest. be discharged from regist The General Manag-- r may All bonds so purchased shall bo engineers and fixed by the board. su.inl to the foregoing provisions year, as ful-- . system and sewer plant and svs-- " lent of said district, after pro- - ,iin by being transfi rrrd to be.ir-- within s:x ir.on'hs after a vacancy make sueh arrangements for the similarly cancelled and delivered ? every conn,,rlion made with the system the initial payvision has been made for ihe r. after which it shall be tr.m.- - shall have occurred, the holder maintaining of facilities for the to the Treasurer. ment for which shall have been All money in the Revenue Bond payment from such revenues of fvrable by delivery but m:.v of any bond or the retired trustee collection uf f.es and charge in either paid in full or. if e. rtain expenses of operating and c :rtain registered as before, may apply to any eouitof tiie County Treasur rs office or and Interest Redemption Fund m installments the first payable ri gistrit:on shall not nr- - potent jurisdiction ti npp uni a in the office of the Tiustee. or and all said plants and installmoney in the Guaranty ment thereof paid, not later than terns, and is not a general obliga- - Par negotiability by delivei v successor trustn. Said ruu-- may elsewhere, a may be directed by Fund which i not invest 'd in seJanuary 28. 958. there shall be tho board. The revenue so paid to curities as herein coupons hereto a tuchcd. tion of said district and in no111 j thereupon after such notice as to permitted shall chnig.d an initial No writing in this blank ox-- ! succe.'r trustee the Trustee shall be bv the be held 1968. went shall be considered a debt payment in the the Trustee it thall seem proper, appoint a for the payment of which the fai h or credit of said district is N otice I crpt by Registrar.) Regis-pledgi- d. sys-..ii- d, -- dis-:ri- ct i ; f ; y, effi-cie- ts : -- ; pro-ant- pros-pec'i- r er 0, J : : " j S3& US er ' es-w- ly -- . ' five semi-annual- I ; sur-jUta- h, pro-thon- ; j h J ' j j . - ' . o'.her'Ti-ve-newspape- r l'-- v h'rein-Ch'-eag- u, i serv-truste- v. r- . -1 "r i ! 1 sys-luc- h by as a p- - (Continuad |