| Show IF Notice of Sale EPHRAIM CITY SANPETE COUNTY tIT UTAH AH Waterworks Revenue Bonds Series July 1 1970 Sealed bids will win be received by the City Council of Ephraim City Sanpete County Utah at Its regular meeting place In Inthe Inthe the City Hall Ephraim Utah until o'clock pm p.m. on July 14 1970 for the purchase of Its negotiable Waterworks Waterworks Waterworks Water Water- works Revenue Bonds Series July 1 1970 hereinafter Revenue Revenue Rev Rev Revenue Bonds On said date and at the time and place aforesaid aforesaid aforesaid afore afore- said the bids will be opened at a public meeting The bonds of said Issue will win willbe willbe be dated July 1 1970 and will bear Interest at a rate or rates not to exceed nine per cent 9 said Interest to be payable payable pay pay- able on July 1 1971 and semiannually semiannually semi semi- annually thereafter on the first days of January and July of each year Interest shall accrue from the date of the bonds and principal principal principal prin prin- cipal and interest shall be payable payable payable pay pay- able at the Bank of Ephraim Ephraim Utah The Revenue Bonds will bein be bein bein in the denomination of 1000 numbered serially from 1 to both inclusive The bonds shall be In bearer form with coupons attached The bonds A will mature serially in numerical numerical numerical numer numer- ical order on July 1 in each i of the years as follows Bond No Year Amount 1 2 1972 2000 3 34 4 4 1973 2000 5 57 7 7 1974 8 10 1975 11 1113 13 13 1976 14 1416 16 16 1977 17 1720 20 20 1978 21 24 21 24 1979 25 2528 28 28 1980 29 32 29 32 32 1981 33 37 1982 38 42 38 42 1983 43 47 47 1984 48 53 1985 54 59 1986 i 60 66 60 66 66 1987 67 73 1988 74 81 1989 i. i 2 82 90 90 1990 I r 91 1991 k f Bonds numbered 33 to Inclusive shall be callable for redemption prior to maturity at the option of the City In Inverse numerical order on July 1 1981 and on any Interest payment date thereafter at the principal amount thereof plus accrued Interest to the date fixed for redemption and a pre premium of four per cent 4 of the principal amount of each Bond so redeemed Notice of the call of any of the Bonds for redemption shall be given not less than thirty days prior to the redemption date through the publication of an appropriate notice one time In a newspaper published in the City of Salt Lake City Utah and sent by registered mall mail to the paying agent bank and to Burrows Smith and Company Kearns Building Salt Lake City Utah The Revenue Bonds will be issued under the provisions of Chapter 3 Title 55 Utah Code Annotated 1953 as amended for the purpose of paying part of the cost of constructing Im Improvements improvements improvements im- im additions and ex extensions extensions extensions ex- ex tensions to the City's water i J system Said bonds will be se secured secured secured se- se cured by seventy-four seventy and sev sev- five enty-five hundredths per cent of the net revenues to be derived from the said system tem as it will exist after the construction of said Improvements improvements improvements Improve improve- ments additions and extensions and shall In no event constitute an Indebtedness of the City within the meaning of any state constitutional or statutory lim limitation nor shall they be a charge against the general credit or taxing power of the City The bonds shall be awarded to the responsible bidder whose bid results In the lowest amount of interest payable from the date of the bonds to their maturity maturity maturity ma ma- after subtracting there there- from the amount of any premium premium premium pre pre- proposed to be paid for forthe forthe forthe the bonds No bids for less than par plus accrued Interest from the date of the bonds will be considered Bids will be considered considered considered con con- for the entire Issue of bonds only The bonds boods shall bear Interest at no more than four 4 different rates In multiples multiples multiples mul mul- of one-eighth one 8 1 or orone orone orone one twentieth 20 1 of one percent per percent percent cent 1 per annum All bonds bands maturing on the same date shall bear Interest at the same rate Each bond must bear Interest and each bond must bear In Interest Interest interest In- In terest at one rate only No bond of said Issue may bear Interest at a rate In excess of nine per cent 9 per an an- an num The highest rate of In Interest interest interest in- in terest stated In the bid shall not exceed the lowest rate of Interest so stated by more than one and one half per cent 2 1 per annum A The City reserves the right to reject any or all bids Each bid must be enclosed In a sealed envelope plainly marked Proposal for Ephraim City Utah Waterworks Waterworks Waterworks Water Water- works Revenue Bonds and must be accompanied by a certified or cashiers cashier's check drawn on an au Incorporated bank or trust company In the amount of 5 payable to the order of Ephraim Ephraim Eph Eph- raim City as a guarantee of good faith on the part of the bidder Checks will be returned to unsuccessful bid bidders d e r s promptly upon the award of the bonds to the successful bidder The check of the successful successful successful suc suc- bidder will be held un- un cashed and applied toward the purchase price of the bonds at the time of their dell delivery very If the successful bidder fails falls to accept and pay for the bonds when so tendered his good faith check will wUl be forfeited as liquidated damages The bonds will wUl be delivered at a bank In Salt Lake City Utah or elsewhere at the ex expense expense expense ex- ex pense of the purchaser within si sixty y 60 days after the opening opening opening open open- ing of bids or as otherwise may maybe maybe maybe be agreed upon with the purchaser purchaser purchaser pur pur- chaser provided however pursuant to Section 55 3 Utah Code Annotated 1953 as amended an election shall be required the City shall not be required to deliver the bonds until a reasonable time after the project and the Issuance of the bonds shall have been favorably passed upon in an election held for such purpose and the purchaser purchaser purchaser pur pur- chaser may rescind Its offer and be relieved of any obligation obligation obligation obliga obliga- tion to purchase the bonds The unqualified approving legal opinion of Jones Waldo Holbrook McDonough of Salt Lake City Utah will be furnished without cost to the purchaser There will also be furnished the usual closing certificates ti Including a statement that there Is no litigation pending pending pending pend pend- ing or to the knowledge of the signer thereof threatened af affecting affecting affecting af- af the validity of the bonds Copies of a prospectus containing containing containing con con- further information about the bonds and Ephraim City may maybe be obtained from Mrs Arlene Deleeuw City Recorder Ephraim Utah or from Burrows Burrows Burrows Bur Bur- rows Smith and Company 1003 Kearns Building Salt Lake City Utah the City's financial con con- DATED this day of June 1970 Vertis Nielson Mayor ATTEST Arlene DeLeeuw City Recorder RecorderS S SEAL E A L r r t i J I TIME IS RUNNING OUT f THE NEW TELEPHONE DIRECTORY GOES TO PRESS SOON For information on Personalized listings changes in listings or advertisements in the Yellow Pages please call our Business Office But hurry the Directory is going to press rr Yellow Pages i Mountain Bell e r KEEP KEEP KEEP- COOL O L-IN L IN S S COOL FABRICS 2 s l t I Se l lS S AROUND THE CLOCK 2 I 2 r SHEERS COTTONS l BLENDS S KNITS Happy of July JulyS S I Carpenters Carpenter's s MANTl Fabric bric Center S 1 e 6 w wll r ll- ll When you visit Salt Soil Lake City Cily drop in at our friendly store Browse through the widest selection of western clothing and in the country Latest styles Fair prices WESTERN BOOTS Send for your FREE 96 Page Color Catalogue Order by mail We ship anywhere Jacke Welle a e Serving the Nation from the Heart of the West We 62 East 2nd South Street Salt Lake City Utah Dept N Prices Price's Merc Second South and Fourth East Manti ManU Mantie We e will wi be e open Sat July 8 am a.m. to o 5 pm p.m. m Sunday I 9 am a.m. t to o 1 J pm p.m. m Specials For July 2 23 3 and 4 FRESH FRYERS Utah Grown Large A Grade Lb POT ROAST Choice USDA Beef B Blade lade Cut Lb RIB OR T-BONE T STEAKS Choice USDA Lb BACON Our Usual High Quality Lb EGGS Local Small AA Grade 3 Dozen MARGARINE Table Maid 3 Lbs CHEESE Banquet Mild Loaf Lb CUCUMBERS Large Green 2 2 For 1 STRAWBERRIES Utah's Large Fresh Fruit 3 3 Cups 1 COLD MELONS AND CANTALOUPE Market Price TOMATOES Firm Ripe Very Nice Lb OLIVES Lindsay Ripe Whole or Pitted No Can 3 3 For 1 PORK AND BEANS Our Brand No 2 2 21 Cans 4 4 For 1 POTATO CHIPS Country Club Large Large- Family Size Reg Now FRESH SALADS Lynn Wilsons Wilson's Potato Cole Slaw and Mac Macaroni a ra n i 3 3 For 1 TROPICANA ORANGE DRINK Fresh Quart Jars 3 For 1 EVERYTHING FOR YOUR PICNICS Come in in and cool coo off while you shop at Prices Price's where prices are right |
