OCR Text |
Show NOTICE OF BONDS TO BE ISSUED ; NOTICE IS HEREBY GIVEN, pursuant to the provisions of Section 11-14-21, Utah Code Annotated, 1953, as amended, ' that on June 9, 1976, the Board of Trustees of Tropic, Garfield County, Utah, accepted the offer of the United States Farmers Home Administration to purchase up to $113,500 Sewer Revenue Bonds and $20,000 General Obligation Sewer Bonds of said Municipality at a price of not to exceed $133,500. If less than $133,500 is paid, the Municipality will be obligated to repay only the amount of principal actually paid. Said bonds, pursuant to a Resolution of the Board of Trustees of the Municipality adopted on June 9, 1978, are to ' be issued for the purpose of paying all or part of the cost of the following improvements to the sewer system of the Municipality: The acquisition and construction of a sewer system. Including a sewage - collection system. Interceptor tines, oatfall lines and treatment facilities, Including the acqulstlon of J . all land necessary therefor for said Municipality, and all necessary appurtenances and equipment therefor, together with costs incurred In con-nectlon with the engineering of said system and the Issuance of these bonds. The Revenue Bonds shall be due and payable in not to ex--" ceed forty (40)' years from the date of said Bonds in accordance with the Amortization Schedule to be delivered to the J Bondholder by the Issuer at the time the last advance of the Total Principal Sum Is recorded in the Treasurer's Certificate on said Bonds. Said Bonds shall bear interest at five percent (5 percent) per annum. The General Obligation Bonds shall be due and payable In not to exceed forty (40) years from the date of said Bonds In accordance with the following Amortization Schedule: |