Show ordinance no AN ORDINANCE PROVIDING FOR FOP THE ISSUANCE OF ELECTRIC LIGHT BONDS OP MORGAN CITY MORGAN COUNTY STATE OF UTAH WHEREAS by the result of the special bond election duly held in said morgan city on tuesday the ath day os of november 1932 it was found and determined that the majority of the qualified electors of said city voting at said election voted in favor of the issuance of the electric Ee otric light bonds and WHEREAS the result of said election was declared by the city council of said city sitting as a board of canvassers by resolution duly passed on the day of november 1932 from which it appears that the number of votes cast at said election was that the total number of votes cast at said election in favor of the issuance of said bonds was and that the total number of votes cast at said election against the issuance of said bonds was 35 showing a majority of votes in favor of the issuance of said bonds and WHEREAS the ithe said city council deems it expedient and advis advisable abIc at this alma to issue the bonds so authorized authorize di NOW THEREFORE BE IT ORDAINED ORDAIN mi BY THI THE 0 CITY COUNCIL OF MORGAN CITY MORGAN COUNTY STATE OF UTAH section 1 that for the purpose of raising funds to defray the expense of acquiring and building an electric light plant and distributing system in and for morgan city utah for the purpose of supplying such city and inhabitants thereof with artificial light and power paver the said electric light plant system and works to be owned and controlled by said city the sald said city does hereby issue electric light bonds authorized at the special bond election held in said city on tuesday the esth day of november A D 1932 said bonds shall be issued in denominations of each num continued on last page ordinance no continued from first page berdd from one 1 to sixty five 65 both inclusive shall be dated november 1 1932 bearing interest at atthe the rate of 6 per centner cent per annum payable semiannually semi annually on the day of june and day of december in each year due serially in numerical order on december in each of the years ears y 1937 to 1949 tooth both inclusive said bonds bonda and each of them shall be except as to consecutive numbers and date of maturity in substantially the following form to wit UNITED STATES OF AMERICA STATE OF UTAH MORGAN CITY ELECTRIC LIGHT BOND SERIES OF NOVEMBER 1 1932 NO morgan city morgan county state of utah hereby acknowledges itself to be incepted and for value received hereby promises to pay to the bearer hereof the sum of ONE THOUSAND DOLLARS in gold coin of the united states of america of the present standard standa nd of weight and fineness on the first day of december A D 19 without option of prior payment at the office of the tha first security trust company in salt lake city utah with interest Inte iest thereon from date until paid at the rate of six per cen turn 6 per cent per annum payable semi annually in like money on the day of june and day of december in each year said interest to maturity being represented by interest coupon attached hereto this bond Ls is one of a series of sixty five 65 bonds of like date and an amount lount numbered from one 1 to sixty five 65 both inclusive and known as morgan city electric light bonds series of november 1 1932 amounting to in the aggregate to and Is issued for the purpose of raising funds to defray the expense of acquiring and building an electric light plant and a distributing system in and tor for morgan city utah tor for the purpose of supplying such city and the inhabitants thereof with artificial light and power the said electric light plant system and works to be owned and controlled by said city and Is issued under and pursuant to the provisions of sections and compiled laws of utah 1917 and all acts amendatory thereof or supplemental thereto and as authorized by the qualified electors of said city at a special held for that purpose in said city on the ath day of november A D 1932 the city council shall annually levy a tax sufficient to pay the interest te reston on this bond as it falls due and also for the payment of the principal at maturity it Is hereby certified recited and declared that all conditions acts and things essential to to the validity of this bond exist have happened and have been done and that every requirement of law affecting the issue hereof has been duly compiled with and that this bond is within every debt and other limit prescribed by the constitution and laws of said state the full faith and credit and all taxable property within the limits of said mid sa id morgan city as constituted at the time of the issuance hereof are and shall continue to be pledged tor for the punctual payment of the principal and interest of this bond IN WITNESS WHEREOF morgan city has caused this bond to be signed by its mayor and city treasurer and its corporate seal to be affixed hereto attested by its city recorder and the annexed coupons to bear the fa facsimile esmile fac smile signature of the city treasurer as of the first day of november A D 1932 RICHARD T FRY ATTEST ANNA SOMMERS RICHARD S RAWLE city recorder city treasurer SEAL interest on said bonds shall be due and payable on june 30 and 31 in each year to each of said bonds shall be attached a coupon for each installment of interest contemplated by br said bonds which coupon shall be consecutively numbered beginning with number one said coupons shall bear the fa fac smile esmile signature of the city treasurer and shall be in substantially the following form to wit COUPON FORM coupon no 1 NO 1 0 on the day of june A D 1933 morgan city morgan county comity state of utah will pay to the bearer hereof at the first security trust company in salt lake city utah the sum of thirty nine and 83 dollars in gold coin of the united states of america of the pre present senit standard of weight and fineness being seven months twenty nine days interest then due on its electric light bond series of november 1 1932 S RAWLE i i city Tiva treasurer surer |