Show LEGAL NOTICES The City Council of Garfield State of met In regular Reunion on the day of A at the hour of 7 o'clock at the regular meeting place of said City Council In due legal and timely notice of meeting having been given to all members as required by law and the rules and ordinances of said On roll call the members were A Joseph C. M. V. Konroy Councilman Clem Woodrow W Also Re Parley Councilman C. Poy introduced the following ordinance and moved its AA FOR AND BALM OP THOUSAND anticipation no mis OP COl OP U OP JANUARY there is an Immediate and pressing need for the raising of funds in the amount of Eight Thousand Five Hundred Dollars Tor the purpose of meeting the current ex-x-n iea of City for the year 1951 until the payment of ta B for the year and the sum of Thousand Five Hundred Dollars now to be with the other Incurred for the purpose of meeting the current expenses of City for the year is not in excess of the revenues to be raised for the current year re IT III SOI RY CITY OP OP Section That said for the purpose of current expenses of said City for the year 1951 until the payment of taxes for the year shall borrow the sum of Eight Thousand Five Hundred Dollars and for that purpose as evidence of such indebtedness shall Issue one bond numbered one in the denomination of Eight Thousand Hundred Dollars Said bond shall bear date or January and shall be due and payable December bearing Interest at the rate of Four percent per payable at both principal and Interest being payable at the State Hank of Said bonds shall he designated City Tax Anticipation Series of January Said bonds shall be signed by the Mayor and attested by the City Recorder under the seal Of the and shall be registered In a book kept by the City Auditor for that purpose and the City Auditor shall endorse on said bond the certificate required by Said bond shall be substantially in the following UNITED STATES OP AMERICA STATE OP I IV ANTICIPATION Series or January 1 KNOW MEN iDY THESE That City in the County of and State of hereby acknowledges lo be indebted and for value received hereby promises to pay to the bearer hereof the sum of EIGHT THOUSAND FIVE HUNDRED DOLLARS lawful money of the United Slates on the day or at the First State Bank of with Interest thereon t the rate of four percent I annum from date until payable at This bond is known as City Series of January Tor the aggregate sum of Eight Thousand Five Hundred 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 of the payment of such taxes for the year It is hereby recited and declared that the entire Indebtedness of Bald City hereby Incurred is not in excess of the taxes of said City levied or to be levied for the current year and that said indebtedness was nd Is contracted for the purpose for which said taxes are It is further recited and declared that all conditions acts and things essential to the validity of this bond have happened and have been tand that every requirement of law affecting the Issue hereof has been duly complied and that this bond is within every debt and other limit prescribed toy the Constitution and Laws of said and that the full faith and credit of said City are hereby Irrevocably to the punctual payment of the principal and 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 as of the day of I There shall be endorsed said bond the following City Auditor's Auditor's HEREBY that this bond Is within the lawful debt of and Is according to City Section All the representations and agreements contained in said bond are hereby adopted as agreements and promises of Section The Mayor of City Is hereby authorized and directed to sign and execute said bond and the City Recorder Is hereby authorized and directed to attest and affix the seal of City to said bond and the City Auditor is authorized and il to place upon Bald bond the certificate in the manner and form Bet forth above and the acts of said City Recorder and City in so doing are and shall be the act and deed of Section Thai the City Council shall levy in the year 1951 a sufficient tax to pay principal and Interest on said bond as the same shall fall due and for the payment of said bond and the Interest thereon the full credit and taxing power of City are hereby Irrevocably pledged and the City council covenants with the holder or said bond that it will levy In the year 1951 sufficient taxes to provide for the payment of the principal and Interest of said Section That the First State Bank or has to purchase said bond at a price satisfactory to this City which offer Is the and most advantageous received for the purchase of said that said Is and the same Is hereby and the City Treasurer is hereby authorized and Instructed to deliver Ilond In the amount or Eight Thousand Five Hundred to the purchasers thereof As and when said bond Rhall bo and In legally Issued and up on or the purchase Section The City Recorder Ib hereby Instructed and directed to cause copy of thin ordinance to be published in one of the Garfield County a weekly newspaper published and of general circulation in said Section That an emergency is hereby declared and in the opinion or the City Council because or the necessity for funds to meet the current expenses of said It Is necessary for the health and safety of the Inhabitants or Panguitch City that this ordinance shall take at Section This ordinance shall take effect Immediately upon Ita PASSED by the City Council of Garfield State of and approved this day of G. Mayor Parley City The adoption of the foregoing ordinance was seconded by Clem McEwen and the same on being put to a vote was unanimously carried by the affirmative vote of all the vote being as i Joseph C. Clem Konroy Woodrow W. M. G. Mayor Parley City Recorder n A II COUNTY OF GARFIELD Parley the duly qualified and acting City Recorder of State or do hereby certify that the foregoing and attached pages are a true and correct copy of the minutes of a regular meeting of the City of duly and lawfully called and held on the day or at the hour of 7 o'clock Insofar as the same refer to or concern the Issuance of Tax Anticipation Series of January as the same appear on record in my that I personally attended at said meeting and that the foregoing proceedings were in fact as in said minutes IN witness i have hereunto set iny hand and affixed the corporate seal of said this day of City |