Show An Ordinance AN ORDINANCE PROVIDING FOR FOlt THE TIlE ISSUANCE OF SPECIAL IMPROVEMENT J BONDS AGAINST THE TIlE FUND CREATED BY THE TIlE LEVY AND ASSESSMENT OF A SPECIAL IMPROVEMENT TAX FOR CURBS AND GUTTERS IN MAIN lAIN STREET PA PAVING VING DISTRICT DISTRICT DISTRICT DIS DIS- NO 1 WHEREAS the city council of Manti City Utah has heretofore published notice of its intention to lo tomake tomake make certain improvements consisting consisting consist consist- ing of curbs and gutters in Main Street Streel Paving District No 1 and to lo levy and collect colled a tax according to the frontage in feet upon the abutting real property to lo pay the cost thereof and giving the boundaries boundaries boundaries boun boun- daries of said id district describing the proposed work and giving the engineers engineer's estimate of the cost thereof and WHEREAS written objections to the making of such improvements were not filed by the owners of two of the front feet of property affected or benefited by such improvements and thereafter the thc district w was s created and the improvements were ordered by the city cily council to lo be made and the work was advertised for bids and thereafter a contract was duly let lei leilo letto letto to lo the lowest and best besl bidder and WHEREAS the work has been completed accepted and approved and the exact cost thereof has been determined and apportioned per front foot and the levy made and published and all proceedings have been taken according to law and I WHEREAS the abutting property owners' owners portion of the cost of said improvements as levied totals the sum of and the treasurers treasurer's treasurers treasurer's treasur- treasur ers er's tax lax notices fixing the final date of payment has been published published published pub pub- and mailed to the abutting property owners and as a result there has been paid within the time allowed the sum of and it il therefore becomes necessary to issue bonds for the balance in inthe inthe inthe the sum of NOW THEREFORE Be it ordained by the city council coun coun- cil il of Manti City Cily Utah Ulah Section 1 That Thai it il is hereby or ordered ordered or- or ordered dered by the city cily council of Manti City Utah that special improvement improvement improvement improve improve- ment bonds of ManU Manti City Cily Utah Ulah be issued by said city to raise money with which to pay the cost and expense of the curb and guller gutter gut gut- ler ter in Manti Paving District No 1 and against the fund created bythe by bythe the levy and assessment of the special improvement taxes upon the abutting property properly within said district district district dis dis- in the sum of Section 2 That said bonds shall be consecutively numbered and in inform inform inform form wording and color different so 50 as to distinguish them from other bonds of the city cily and shall be he drawn payable to bearer and issued in denominations of each except the last issued which shall l be for the sum of they shall be dated July 16 A. A D. D 1949 each shall bear interest at atthe atthe atthe the rate of four per cent per an annum annum an- an num from its date dale until maturity and at the rate of eight per cent I per ner annum thereafter until paid the interest to lo be paid annually and having annual interest coupons attached and md maturing in five equal annual payments as near as may be as follows Bonds Numbered 1 2 3 4 5 6 cad each ead 7 8 9 10 11 12 cad each ead 13 14 15 16 17 18 each cad 19 20 21 22 23 24 cad each ead 25 20 27 28 29 cad each 30 Section 3 That Laid id bonds and the interest thereon shall be he payable payable payable pay pay- able at the Manti City Bank in Manti Utah and they shall be issued according to law and in conformity with the provisions of Chapter and of Section of the Revised Ordinances of Manti ManU City 1941 Section 4 That this ordinance shall take effect upon its passage approval and publication Passed by the City Cily Council of Manti City Utah this day of August A. A D. D 19 1919 Approved Gail Jensen Mayor Attest Cleo O. O Christensen City Recorder Seal Councilmen voting Aye Clement Miller MillerEd Ed K Tooth Frank J J. J Garbe Garbo Stanford Madsen L L. Glen Anderson Councilmen voting Nay None |