Show L legal e ga I 1 notices notice 0 s NOTICE OV OF SPECIAL TOWN ELECTION notice notice Is hereby given that a special election of such fed electors its as shall havo have paid a property tax the sherela rela in the year pro pre ceding such election of tho the town of kanab kano kane county utah will be hold held at the town room in said town lown on oil tile tho alth lay day of october 1934 ana and unit that tit dt such special election there will bo be submitted to the electors of said eald town tile following question shall the town of kanab hane county utah raise the amount of by issuing its revenue bonds to said amount for tile the pur poso 1080 of making certain improvements andea tensions to the water works system of the town of ka nab athe the polli will open at 7 a in and close tit at 76 7 elock p m oi of paid day I 1 I 1 MARIN MARIE mcdonald DONALU Mc 1 town clerk alist publication sept 14 1834 4 last publication oct 5 1934 t ORDINANCE NO W LT AN ORDINANCE TO AUTHORISE DIRECT AND PROVIDE FOR THE ISSUANCE OF RE BONDS BOND 4 IN THE AG SUM or OF FORI PURPOSE OF MAKING CERTAIN AND improvements 11 TO 0 THE TOWNS WAT WATER fl R SYSTEM SECTION 1 purposes A ry of 1 l electors of the town of kanab nano couney utah us its have paid a property I 1 tax cherpin in tile year preceding the duto dato hereof having before the offe alve date of this ordinance wd oiw to issue revenue bonds in the amount of for the purpose of making c certain 0 ertain improvements ana extensions to the waterworks water works system of tho town of kanab kano pou county nty and it 1 being the he judgment of tile the hoard board of trustees the said town that such bonds to tile the agg regato principal sura sum of should bo be issued immediately for the purpose of procuring a loan and grant in the aggregate amount of from the federal administration of pub lk lie works with which to finance hoch constructor construct on work it la Is hereby declared to lo bo be tile the purpose of this ilits ordinance to authorize direct aud and provide prodo for the issuance of said revenue bonds and tile the necessary incidentals ci thereto pursuant to the provisions provision 0 of chapter 22 laws of utah second special session 1933 and nil all laws and or provisions andor cumulative thereto SECTIONS SECTION 2 description of project the project shall consist substantially ly of construction of improvements prove ments and extensions to the existing waterworks water works system of said aalde town comprising the replacement of mp proximately 76 miles of wool wood pipe with steel pipe tho the installation stal sial lation of approximately lineal feet of wood stave alpo to obtain an additional supply of water and the installation of a chlorinator and fire hydrants tit at au aa estimated cost of SECTION 3 Amo amount tint De scrip alon sale bale etc of revenue bonds such bonds bonda as are issued hereunder and pursuant hereto shall bo be bearor bearer coupon bonds of the aggregate principal amount of and shall bo be twenty five 25 in number numbered consecutively from one 1 to io twenty five 26 inclusive vo of both shall be in the denomination of one Thou hund hand red sixty dollars 1160 1160 each bear the date of september 1 1931 and bear interest at the rate of 4 per cent per annum payable semiannually from date until maturity said interest to be ehll evidenced aced by appropriate interest coupons attached to each of said bonds and both principal and interest shall bo be payable in lawful money of the united states of america at the office of the fiscal officer of the town of kano kane county utah such revenue bonds shall be registered as aa to principal only odily contain covenants na as to transferability satisfactory boryto to the administrator and shall le be payable without option of f prior redemption on september 3 fl an fn years and amounts as aa follows 1160 1936 1930 to 1960 both inclusive the said revenue bonds both as to principal and interest shall be payable from and secured solely by a pledge of the net revenues of the entire waterworks water works system of the 66 said town as improved and extended but as to such net r revenues edentia they shall be pledged to the payment of tile the interest upon and principal of the said revenue bonds as and when the become duo due and payable and to create a bond and interest t sinking fund such net revenues being tile the gross revenues after deductions only for the cost coltof of operating and maintaining the said waterworks water works system and the ex of any betters ants and replacements place menta to keep the same in good repair and working order said ft evenue venue bonds shall be amortized over a period of twenty five 25 years must bo be signed by the president of the board of trustees of the said town and countersigned counter signed by the clerk of the said town to be valid and shall bo be substantially in the following form with the necessary variations as to numbers and dates which sat said d form to Is hereby adopted and ap proved approved no 1 USO UNITED UNITE 1 STATES 1 4 OF AMERICA STATE OF UTAH COUNTY OF KANE TOWN OF KANAB waterworks Water works revenue bond KNOW ALL ainali MEI BY THESE PRESENTS that the town of kanab in tile county of kane state 0 of f utah ulah acknowledges edges itself to ow and tor for value received hereby pro ibises to pay to the bearer hereof ono one thousand one hundred sixty dollars 1160 in lawful money of the united states ot of america on the first day of september A D 1936 1930 with interest thereon from late date until paid at the rate of 4 per cent per annum on presentation and surrender of the annexed interest Int creat coupon as they severally become due both principal and interest being payable at the office of the fiscal officer of the town of ka nab zone kano county utah for said payments well and truly to be madej made the lio net revenues of the entire waterworks water works system of paid town are arc hereby irrevocably pledged provided that the principal of and interest upon this bond shall be payable from and secured solely by a pledge of the net revenues I 1 of tho the entire waterworks water works system I 1 of the said town and the atlon hereof positively does doea not con 1 I 1 statute an indebtedness of such sucha town within any stamp sta constitutional provision or statutory limitation nor shall it be payable from or a pledge of any other revenues of the said town other than those herein specifically mentioned the net net revenues herein referred to being the gross revenues after deductions only for the ahe cost of operating rind and maintaining the said waterworks water works system wid and tho the expenses of any betterments rind and replacements to keep the sane in good repair and working order the said town hereby covenants to fix and maintain such charges and rates for water supplied to the inhabitants of said hwn from the towns water waterworks works a system RS as will I 1 insure tile the payment daymen t of the I 1 terest interest upon and tile the principal of this bond when tile tho samo same becomes due and payable and the creation of a dona bond and interest sinking fund but not in excess of a reasonable rate andor charge for the water andor service rendered this bond Is one of a series herlea of twenty five 25 bonds aggregating alie sum of twenty nine thousand dollars dollafa of like date and for the purpose of making certain I 1 improvements and extensions I 1 to tb the waterworks water works system of the I 1 said town in accordance with the provisions find and under tho the authority of chapter 22 laws lanys of utah second special session 1933 and laws supplemental andor cumulative thereto it Is whereby hereby certified nud and recited that all sets conditions and things required to be done precedent to and in tile tho issuance of this thlu bond have been done happened and been performed in I 1 regular and duo due form and time as a s required by law lav and that tho the amount of this bond together with all other indebted ross lies of said town iown does doea not exceed any constitutional or statutory limitation IN WITNESS WHEREOF said town has haa cais caused i ed this bond to be signed by the president of its town board and countersigned counter signed by its town clerk this day of september 1934 BJ E J FORD president town board countersigned Counter signed S MARIE mcdonald town clerk and the coupons attached to said revenue bonds shall be substantially in the following form no on the first day of i A D too the town of kanab kane county utah will pay to bearer r t dollars a in lawful money of tho the united of A mOtIca at the office of the fiscal officer of said eald town being the corol annually installment of interest on its waterworks Water works revenue bond dated 19 no 1 I this coupon and the bond to which it U Is 19 attached have been issued under the provisions find and by the authority of chapter 22 laws of utah second special session 1933 and laws supplemental and cumulative thereto and the obligation of the same does not constitute an all indebtedness of said town within auy any state CO constitutional provision or statutory sto limitation town clerk adequate and oto registration provision 0 01 gnp ane lunda as aa to principal only snail lo be 10 incorporated lil corpor into this form or otherwise on may be proper SECTION 4 authorization of officers the president of said board and the clerk of said town tire are hereby authorized and directed to provide for the issuance of said revenue bonds pursuant to this ord fuance cnance and law to cause said bondi bond to bo be prepared in proper yorm form and to execute tile the same in substantially said form and the town clerk to sign the coupons thereof by hla hii own signature or the printed lithographed lithographer litho graphed or engraved facsimile thereof unit and to do all other things andor acts necessary andor need fill for the carrying into effect ex of the provisions of this ahli ordinance and law in with such revenue bond issue all on behalf of and for the said bald town SECTION 6 water service and rates all water distributed by the said bald town through its waterworks water works system iball be metered and shall be paid ifor for at the rate of for the first gallons to each inot ered user and at ali tins rate of 20 per thousand gallons gall Hj for ench 1000 gallons over tile the first used all such figures being on a per month basis provided that the rates andor charges for water from the said gald town towal waterworks water works system shall be uniform ind shall tit at all times bo be such as 0 to o provide funds sufficient for the payment of the interest upon and principal of all such revenue bonds as lind when villen the same become duo due lind and payable to create a bond mid and interest sinking fund to provide tor for the payment of tile ex benses of administration abild operation and such buch expenses for the maintenance of tile the project or very cm ico ice necessary to preserve the iame in hi good repa repair irand and working order to build up a reserve for le precia tion to build op a reserva react re for improvements prove ments betterments and efte extensions n other than those to ma maintain latala tile the same in good repair and working gorder order and to pay the interest in terest on oil and principal of any other bonds or obligations outstanding and issued in connection with the purchase construction repair or improvement of the project or ser service vici such rates andor charges may fly lie be fixed and revised from time to time so as to produce these amounts hut but not in excess of a reasonable rate andor charge for the service rendered SECTION 6 handling of revenues venit all revenues robenu d derived e r I 1 d from the towns waterworks water works by system SIC tern shall be placed I 1 in 11 a be separate par a te a and nd s special p eel at fund shall bo be deposited in ill a separ tite ate and special acco and shall be accounted for by an accounting an and book keeping system separate and distinct from froin any and all otherl other account recounts accounts business activity of the sala said town no revenue ua money or credit derivet derived from or belonging to the towns waterworks water works system dyste or fund shall bo be expended diverted used or any ally purpose other than that set met out in section 5 hereof fiscal year to begin begill january SECTION 7 repeal all ordinances orders and resolutions in conflict with this ordinance or any provision thereof are hereby repealed and especially those portions of bile the resolution of december 2 1933 that pertain to the issuance of revenue bonds payable from the net revenues revenues of the towns wate water waterworks works system SECTION 8 effective date tills this ordinance shall b be e of full force and effect and effective la in the manner and time provided by law SE SECTION 9 order it Is hereby ordered that the town clerk shall publish andor post this ordinance as provided in chapter 22 laws of utah second special session 1933 approved passed and adopted by the board of trustees of the town af annab kane county utah this day of september 1934 at kanab utah board voting on ordinance as follows t aye elj ford FO rd D S fraai junior McAll lster merlin shum way lloyd pugh SEAL BEAD ID J FORD president board ol 01 trustees attest marin MABIE mcdonald town florki clork STATE OF UTAH COUNTY OF KANE KAIB ii 1 marle mario mcdonald the tha duly qualified and acting clerk of bf the town of kanab do hereby certify ce tiby that the foregoing to la a true C opy copy of an ordinance i enacted by tto board of trustees bruste es of the town of kanab on the day of september A D 1934 that said ordinance is now on file in my office and that the said ordinance was wag enacted by the vote above recorded and that the said persons were the duly qualified and acting board of trustees of said town in witness whereof I 1 have hereunto set my hand and the seal of said town of kanab utah this day of september A D 1934 MARIE MABIE mcdonald mcdonad town clerk |