| Show aim wo NO Z sa I 1 an its ards rom un on of the city of price I 1 I 1 lull 0 h and flou he glee credit thereof by Im 1119 the tile 90 flable 1 coupon capo hondo of riold ly joy in to the tile amount amolin t of hight Thois mand dollar Doll Dol litra nr for the purpose of laid suld city mill milia 1 likht by the electria Elec trie bulit now mail nd operated by hv the he city are thir b durni of bald hands unit ml parotid 11 ink for or tile he le lv of tot n tax lcou all alla of tho tb property 1 within mildo held mald alir mcf lot the he interest en on mud io to lie tile lr luiel of auch hurls dealt sherea Wh INh erea eream in tit full conformity with tile constitution and lawn laws of the tile tato state L of f uth utah and the ordinances rules and anti 0 orders of the tile city of price the qualified electora electors of the oily city have authorized the city council to improve the electrio I 1 1 light system now owned and op orated by aid said city for the purpose i of supplying maid paid city und and th tho 0 inhabitants thereof with artificial light und and I 1 have likewise authorized the city council to contract an indebtedness on behalf of the cit city and upon the ilia credit thereof by bisou reir the negotiable cou pon hands bonds of the city in the amount 0 of f eight thousand dollar dollars 00 for the purpose of supplying eald said city with arti artificial fICAl light by improving proving fm the electric light now HOW owned and operated by the city and Wh whereas erean the city council of aid mid city does now d deem earn it expedient 0 nt a and nd necessary to proceed with the tile improve ment of such ea electric atric 1 system for the purpose afre aforesaid said and for 11 such uch purpose to contract the necessary in debt edness on behalf of the city and i upon the credit thereof by issuing the tile negotiable coupon bonds of the city in said bald amount of eight th dollars low now therefore be de it ordained by the city council i of df the city of price utah section 1 that the electric light system now owned and operated by the tile city for the purpose of supplying the city of price and the inhabitants thereof with artificial light be extended and improved in accordance with the contracts plane plans and a adopted or to be adol adopted aed t by y tho the city connell section 2 that for the purpose of providing funds for the improvement of the electric light system now owned and operated ape rated by the city ft rf price the city shall issue its negotiable fable coupon bonde bonds in the aggregate amount of eight thousand dollars dollar 00 consisting 0 of f eight 8 b bonds ona in the denomination of one thousand dollars Sif joo 00 each payable in lawful monk money of ot tho the united states and be a ring inte interest r from and after the first dy of april A D 1918 1912 at the rate of six P pel per annum payable deml annually on the first day of october and mil first day of april in each ear and evidenced by coupons attached to eald said bonds said bonds shall be numbered in regular and consecutive order Lorn commencing with number one 1 and and be absolutely due and payable lir in the order ordee of their number on the first day of or april A D 1933 with the reserved right and privilege however to redeem said bond bonds on or afar the first day of april A D 1923 said bonds and the coupons att hed thereto chull chall be payable et at the banking house of kountze Brot brothel hetz in the catl of new york U S 8 A euid paid boran 1 hall shall bear date the first day of april A D 1913 shall be bo signed by the mayor ma attested tested nt by the city recorder under tho the seal of alid city counter signed by the city trea treasurer and shall be registered in a bool boot to bo be kept by said city recorder for th that thit it purpose and the city recorder shall end endorse lorse upon each of said bonds londs the certificate required by section of the compiled complied I laws awls of utah 1907 aft 1 coupons shall bear the fac admile signature of the city treasurer of said city and L nd as thus executed shall bo be the bindi binding n g ob of the city for the In interest teresi evidenced thereby section 3 said bonds and the c coupons u thereto attached ahall be in 9 sub ab stantin ii the tile following form form forni of dond bond STATUS or AMERICA n ICA state of utah county of carbon city of price CITY OP OF PRICK ELECTRIC liga LIGHT BOND series of c april I 1 1913 no 1000 the city of price in the county of carbon and state of 01 utah hereby acknowledges itself to be indebted and hereby promises to pay to bearer one thousand dollars in lawful money ot or the united states of america tor for value received on the tile first day of april A D 1933 with interest thereon at the rate of six per per annum payable aerni manually on the first day of october and tho the first day of april in each year upon presentation of the annexed coupons and this bond acts is they severally become due both principal and interest being payable at the banking house of kountze brother Broth crt in the city of new york U S A the city of price reserves the right homeer ho weer to pay and redeem this be bold belil lil at any time before the maturity thereof after the first day of april A D 1923 this bond Is I 1 issued 8 sued by the cit council counell of the city of or price for the purpose of the city with artificial light by means of nn an electric light owned managed and operated by the city under the authority of and in full conformity v alth I 1 th the constitution of the state of utah the tile provisions of chapter 21 of the compiled lavwe of utah 1907 and al all 1 amendatory and supplemental acts stets thereto and in full conformity with the provisions of all other laws of the state of utah thereunto enabling and in pursuance of an ordinance of said city duly adopted published and made a law of the city prior to the I 1 issuance of this bond and it Is hereby cert Sed and recited that the question of the issue of this bond was prior to the issue hereof duly submitted to the qualified fied elector electors of the city at nn election held therein on the eighth day of march A D 1913 at which election a majority of the qualified electors voting on the question voted toted in tavor favor of incurring such indebtedness and it I 1 further hereby certified and recited that all the requirements 0 of f law have hae been fully compiled complied with by th the proper officers fi of f said city in the issue of this ons hond and that the total debt of said city including that of this bond does not exceed any limit of indebtedness prescribed by the con U tion or laws of the state of utah and that provision has been made for the levy and collection of an annual tax upon all taxable property within such city sufficient to pay the interest on and to extinguish tho the principal of this bond when the same become dup dum the faith alth and credit of the city of price are hereby pledged for the punctual of the principal and interest of this bond in testimony whereof the city couric council I 1 I 1 of the city of price has caused this bond to be signed by the mayor of said city attested by the recorder thereof under the seal of the city end and countersign 2 by its treasurer as an of the first day if f april A D 1813 1913 1 attest M mayor a y 0 r city recorder countersigned Counter signed city city treasurer tre M ur er borm of coupon NO on th tho art aay of carbon A D 19 the city io of price will pay the bearer county thirty dollars in lawful ff lS money of bank the the tile nt at america ot of united states hoube of tz a brochero Br othero in tile W ing lui being rix of new york t 1 LA A city montois interest on city of price 1 iee 1 trie trio light bond dellea se leu or 0 april 1 1913 no ao mig signature isna nature turc caty treasurer r e asprer borni of or certificate to bo be on 1 I 1 hereby ertla certia ert lf that the tile 1111 Ith ln law 11 and bond fit according to its 1 within tho the lawful debt limit or of me the of I 1 rile utah city in n dof witness I 1 iba lime hercell her cull name as lity recorder to my affixed of the city of price and the tile of euld said at at irice price inie tills day of 0 A 11 D 1911 o 0 city seal 4 that said old bond bonds when executed ahall shall be to tho the purchaser thereof and said bonds and the fund funds raised thereby shull be applied lied solely for the purpose described fn said bonfila but the purchaser thereof shall in no manner be responsible tor for the application or disposal by bald said city or any of ita its officer office rio ot of any of jhb fund funds derived from the sale 1 of bald said bonds section cllon 6 that tho tile interest Inter cat tawne failing due on eald bonds on october 1 1913 19 and april 1 1914 hall be pad paid out of tho the general revenue fund tit t tho the city and for the purpose of reimbursing aid said general revenue fund for eald bald two semiannual semi annual installments of inter cat and to meet the interest acaru accruing ing on oil eald bald bonds on october 1 1914 and A april ril 1 1915 and aleo also for the purpose of of constituting a sinking fund to pay one twentieth of the principal of aid said bond bonds in each year there shall bo be levied in the year 1913 on all of pt the taxable property in said said city in addition to all other taxes a direct annual tax sufficient to produce the sum of seventeen hundred and sixty dollars 1 I 00 that in order to raise the necessary 18 funds with which to pay the interest due october 1 1916 and thereafter up to and including april 1 promptly and as the same accrues and alao also for the purpose of constituting a sinking fund to pay one twentieth of the principal of said bonds in each year there shall be lev led in each of the years 1914 to 0 1931 inclusive on all of the taxable property in said city in addition to all other taxes a direct ai at nual tax sufficient to produce tho the aura a of eight hundred and eighty dollars in each year and said axes taxes when collected shall be app applied led solely tor for the purpose of the payment of said interest and principal of said bonds respectively and for no other purpose whatever until the indebtedness so s contracted on under this ordinance principal and interest shall have been fully paid satisfied and discharged but nothing herein contained shall be so construed as eta to prevent ent said city from applying any other fund funds shat Ahat may be in the city treasury and available for that purpose to th the 0 payment of said interest or principal pa 1 as the same respectively ively mature and the levy or levies herein provided for may thereupon to that extent be diminished and upon the payment nt of the principal of any of the bonds issued hereunder d er in said manner or by the use ot of the sinking fund herein brov provided led for the levy or levies herein provided provided for the payment of interest may to the extent of the interest on the bonds so 30 paid be diminished and the sums hereinbefore provided for to meet the interest on said bonds and to discharge the principal thereof when due are hereby appropriated for or that purpose and wild amount for each year shall also be included in the annual appropriation bills paged by the city council of said bald city in each year respectively section b it shall be he duty of the city council of said c citi 0 annually at the time and anti in the manner provided by liw law tor for levying other city taxes if such action shill be necessary to tho the provisions lons of this tills ordinance di nance to ratify and carry out ohp th provisions hereof with reference lo 10 the levying and collection of taxes and shall require the officers of and for said city to le extend and collect such taxes in the manner provided by law for the purpose or creating a fund tor for the payment of the principal of said bo bonds ads and such taxes when collected shall be kept for and applied only to the payment of the interest and principal ot of sala salci bonds as hereinbefore speckled section 7 whenever after the expiration pi ration of ten years from the date of said bonds the city has money in said sinking funds sufficient to redeem any of said bonds and available for that purpose and deril dellrea res to exercise its option so to redeem the city council ahall shall by resolution exercise such buell option specifying the amount of bonds to be so redeemed and thereupon the city treasurer shall call cal I 1 in and pay and redeem said bald amount of bonds bond 9 in numerical order beginning with the lowest numbered bond then thon ing he lie shall call said bonds by publishing for at least thirty days in a newspaper published and of general circulation in the city of pr price and in a similar newspaper in den denver cerand v colorado a notice stating that he will on or before a certain date therein named which shall be at least twenty eight days after the first publication of said notice pay and redeem certain of said bonds giving their numbers and date and by mailing a like notice postage prepaid pre paid adar addressed eased to 0 o causey foster and company denver colorado on or before the date of or the tile first publication of said notice and in case any of such bonds so called are not presented tor for payment on or before the date mentioned in said notice at the place where they are paya payable ble by their terms then such funds for their payment shall remain in the treasury of the city to pay such bonds bond whenever presented but euch such bonds shall cease to draw interest after th ahn ft date fixed in such notice for their redemption demp tion section 8 9 the city recorder shall I 1 make and keep beep a list t of 0 the e bond bondis tt it sued under this ordinance showing owing the facts required by statute section 9 the bonds issued under this ordinance shall be exempt from taxation by the city of price section 10 all ordinances bylaws by laws lawn and regulations of the city 0 of i price in conflict with this ordinance ardi nance are repealed section 11 this ordinance shall b be a and remain until eald said bonds and the interest the thereon reon abnit have been fully paid a satisfied a ti tied and discharged as herein provided bertion 12 this ordinance after adoption and approval by the maior major shall be deposited in the office of the city recorder and published once id jd the carbon county newa news a weekly newspaper of general cincu circulation lat ton published within the city of I 1 price rice ani and shall go into effect and be in n forca tor upon such publication passed cy by the tile city council this am day of june A D 1913 city seal best attest 1 A LAUBER LAUDER city recorder ne corder approved proved this ath day dat of june A D 1913 W P F OLSON mayor of ice |
