Show UNITED STATES OF AMERICA STATE OF UTAH CITY TAX ANTICIPATION BOND Series of JULY 1951 1 KNOW ALL MEN BY That In the County of and State of hereby acknowledges Itself to be Indebted and for value received hereby promises to pay to the bearer hereof the sum of FIVE THOUSAND DOLLARS lawful money of the United States on the day of 1961 at the First State I sank of with interest thereon ut the rate of four per rent per annum from date until payable at This bond is known as City Series of July 9 for the aggregate sum of Five Thousand Dollars Issued pursuant to section Utah Code The City Council shall levy In the year 1951 a sufficient tax to pay the principal and Interest on this bond as the same shall fall and this bond is Issued In anticipation of the payment of such taxes for the year It is hereby recited and declared that the entire indebtedness of said City hereby incurred Is not in excess of the tuxes of suid City levied or to be levied for the year and that said Indebtedness and Is contracted for the pur pose for which sold taxes aro It Is recited I and declared that all conditions acts and things essential to the validity of this bond have happened and have been and requirement of law affecting the Issue hereof has been duly compiled and that this bond Is within every debt and other limit prescribed by the Constitution and of said and that the full faith and credit or suid City are hereby Irrevocably pledged to the payment of the principal anil Interest of this bond according to Its IN WITNESS City has caused this bond to be signed by Its Its corporate seal to be hereunto affixed and attested by Its City ns of the day of WILLIAM Attest Parley city There shall he endorsed on said bond the following City Auditor's Auditor's CERTIFY this bond Is Within the lawful debt limit of anil is issued according lo Parley City Section All the representations and agreements contained in suid bonds are hereby adopted as agreements and promises of Section The Mayor of City is hereby authorized and directed Lo sign and execute said bonds and the Recorder is hereby authorised and directed to attest and affix the seal of City to suid bonds and the City Auditor is authorized and directed to place upon said bonds the certificate In the manner and form set forth above and the acts of said City Recorder and City Auditor In so doing are and shall be the act anil deed of Section the City Council shall levy In the year 1951 a sufficient tax to pay principal and Interest on suid bonds as the same shall lull due und for the payment of said bonds and the Interest thereon the full credit and taxing power of City are hereby Irrevocably pledged und the City Council hereby covenants with the holder of said bonds that It will levy In the 1951 sufficient taxes to provide for the payment of the principal and interest of said Section That the First State Hank of has Offered to purchase said bonds ut a price satisfactory to this City which offer Is the best and most advantageous received for the of said that said offer Is and the same Is hereby and City Treasurer is hereby authorised and Instructed to deliver Bond In the amount of Five Thousand Dollars I to the purchasers thereof as and w hen said bonds shall he and ure legally Issued anil upon receipt or the purchase price Section The city Recorder Is hereby instructed und directed to cause copy of tills ordinance to bo published In one Issue of the id County a weekly newspaper published and of general circulation in said City-Section That on emergency is hereby declared and in the opinion of the City Council because of the necessity for funds to meet the current expenses of said It is necessary for the health and safety of the or City that this ordinance shall take at Section This ordinance shall luke feet Immediately upon Its PASSED by the City Council ot State of and approved this 9 day or William IT Parley city |