Show t Cit ne Recorder o der I The tn Interest sest falling failinG due uti on on saidI said boi bo bondson ds o on t the die e first dat dak bf Jun and I De December m A A D Di D. 19 1928 shall be be paid S out of the gt gen gem raj ral fund of said City i and for the Jrp I-Jrp purpose se of ot reimbursing said ia interest and to n meet the l interest rest resti i accruing on sale sai J l bonds on the first i s 1 days of June and De December ember AD A A. A.D. D. D 1029 there shall shaU be levied by byI bythe I the City Council of said City on all aU taxable property in said Cit City in addi addition n to all an other taxes a direct tax in the year 1928 sufficient to produce the sum of and to to meet the he interest and principal accruing ac ac- ruing on said bonds thereafter promptly end as the same becomes due there shall lU be levied by bythe the City Council of said City on all aU taxable pit property p in said City in addition to all alt other taxes a direct annual tax as follows Year Levied Int Tnt Prin Total 1929 1930 1830 OO 1931 O 1932 2 2850 O 1933 00 1934 1935 1936 2 46 1937 2 1038 1938 1939 1040 1940 1941 1942 1943 4 1944 1 4 5 O 1945 O 1946 oo 1047 1948 1949 Saul Said Sai l taxes when collected shall be applied d solely for the purpose of the payment nt of 1 said interest and principal cf of said bonds respectively and for lor no other purpose whatever er until the in so contracted und under r this Ordinance principal and Interest shall Have been fully paid satisfied and discharged but nothing herein con can contained con con- tamed shall Thal be co so construed as 88 to ent said City from applying any other funds that m may y b be in the City Treasury Treasur and available for for- that purpose purpose pur pur- pose pole to o the par payment ent of said interest and end principal Pil as the same respectively respective respective- ly matures matures and the levy or o oleviea levies herein provided for may thereupon L uL to 10 that mat extent extent oe us And Ana the same herein provided pro for to to meet the interest on said bonds and to todis dis discharge charge the principal thereof when due are hereby appropriated for forr that purpose and said laid amount for for- each year shall shan also be included in the annual annual an an- nual appropriation bills passed by the City Council of said City in each year respectively All An proceeds derived deriver from the sale of said bonds must be applied exclusively to the purpose for tor which said bonds are issued Said bonds and each of them tem shall be signed by the Mayor am and Cit City Treasurer and attested by the City Recorder and sealed with the corporate seal of said City and th the said coupons shall shan bear the simile far signature of the City Treasurer Th The Mayor and City Treasurer are cich ech hereby henby empowered and directed to sign the City Recorder to sign and am attest and affix the seal of the City to each of said bonds and the acts o of f said Mayor City Treasurer and City Recorder in so doing g are and shalbe shan shall be the the act and d deed ed of said Cedar City All the c covenants statements representations and agreements contained contained con con- In said bonds and coupons and nil all recitals recital and nd representations pre n of this ordinance are hereby considered red and understood and it is hereby or or- and d declared lared that said covenant covenants coven en ants ant and promises ml es therein are tb the covenants and and promises of ot ot Cedar City and anti that the representations representation and statements therein are the tho nt nt and anil statements statement of said City it ie f other r stated and ami rep l ed fd that that Cedar r City Is la a af a municipal cOrp corporation r and a a. city of tb the Third Class Clas ul under der t the se Con Constitution on and La Laws s of the S A of Utah Uta and was organized in t UH- UH year eif 1808 SECTION 2 2 AND IT IS FURTH Ei ER ORDAINED t that a all ordinances 1 and nd resolutions or parts parts pf ordinances and d resolutions in conflict with the provisions hereof be be and t the e same sarno are hereby repealed repeated and ani after said bonds rands are ale issued this ordinance e shall shan be je and remain until said laid bonds and the interest thereon shall shan have been been fully paid satisfied and discharged as as herein provided I SECTION 3 The sale lIale of said Waterworks Bonds Donds out of ofa a total authorized issue of consisting of bonds numbered from flom 11 ta to 70 70 both inclusive to Edward 1 L. L Burton Durton ll Company of Salt Lake City and the action of the City Council Coun cil cn cilin in accepting their bid and all an acts and proceedings proceedings' pertaining thereto are hereby considered an and are arc hereby here here- Hereby Here by ratified and confirmed and the City Treasurer is s hereby authorized instructed and directed to to deliver said deliver said bonds bond a when properly executed to said Edward L. L Burton Durton Company on receipt of the purchase price there thereof thereof of with accrued interest st th thereon at atthe atthe atthe the rate of f four ur and three-quarters three pe per lent cent cent 43 4 47 a per annum from Irom date of said bonds to date of delivery in accordance with the terms of said contract of ot purchase SECTION 4 t It it is neressa the immediate preservation atlon of the peace health and safety of said Cedar qty CRy that the proceeds of f these bonds b be available immediately immedi for the purpose herein set forth NOW THEREFORE IT IS FUl FURTHER ORDAINED that an tin is hereby declared and that this ordinance shall be in force end and take effect upon the day of its 8 passage approval and publication PASSED by the City Council of Cedar City Utah and approved d by bythe bythe bythe the Mayor this 1st d day y of December A A. D. D 1927 EUGENE CHRISTENSEN Mayor Maor ATTEST HERBERT HERBERT- P. P HAIGHT CITY RECORDER Seal tr 1 tY 11 r P ar t r u I I u I |