Show bond no coupon no 2 and subsequent coupons NO 2 june on the day clay of december A D 19 morgan city morgan county state of utah will pay to the bearer hereof at the first security trust com pa ny in salt lake lak e city utah the sum of thirty T hir ty and a nd dollars in gold coin of the united states of america of the present standard of weight and fineness being six months interest then due dueon on its electric light bonds series of november 1 1932 RICHARD S RAWLE city treasurer bond no there shall be endorsed on each of said bonds ithe the following 1 I hereby certify that tills this bond Is within the lawful debt limit of morgan city utah and is issued according to law ANNA SOMMERS city recorder said bonds and each of them shall be signed by the mayor and city treasurer anid and attested by br the city recorder seal of said city and the said coupons shall bear the fa camile signature of the city treasurer the mayor and city treasurer of said city are each hereby empowered to sign the city recorder to sign and attest and affix the seal of the citti to each of said bonds and the acts or sald said mayor city treasurer and city recorder in so doing are and shall be the act and deed of morgan city utah all the ithe covenants statements representations and agreements contained in said bonds and coupons and all recitals and representations of this ordinance are arc hereby considered and understood and it is hereby ordered and declared that said covenants and promises therein are the covenants and promises of morgan city and that the representations and statements therein are the and state section 2 tiie the TI ie interest falling due on said bonds on the day of june 1933 shall be paid out of the general demeral fund of said city and to reimburse burse said aid general fund for said hi installment ot of interest and to meet the interest tailing falling due on december 31 1933 and june 30 1934 there shall be levied in 1933 a direct annual tax on mi all the taxable pr in said city in addition to all other taxes sufficient to produce the sum of 85 and to meet the interest on said bonds as the same falls due june and december and to constitute a sink staking fund forthe for ithe purpose of paying said bonds at maturity there shall be levied on all taxable property in said city in addition to all other taxes a direct annual tax elent to produce amounts as follows year r interest in fteres t coupons C coupon s principal Prim pi rini cipal cipa 1 interest 1 principal TOW total 1934 dec 1934 june 1935 3 1935 dec 1935 june 1936 1936 dec 1938 1936 june 1937 1937 dec 1937 june 1938 dec 1937 1938 dec 1838 1938 june 1939 dm dec 1938 00 1939 de dec 1939 june 1940 dec 1939 00 1940 dec 1940 june 1941 dec 1940 1941 dee dec 1941 june 1942 doc 1941 1942 dee dec 1942 june 1943 dec 1942 00 1943 dec 1943 june 1944 dec 1943 1944 dec 1944 june 1945 dec 1944 1945 dec 1945 june 1946 dec 1945 1946 dec 1946 june 1947 dec 1946 1947 dec 1947 june 1948 dec 1947 1948 dec 1948 june 1949 dec 1948 1949 dec 1949 dec 1949 1 00 said taxes when collected shall be applied solely for the purpose of the payment of sold said interest and principal of said bonds respectively and for no other purpose whatever until the indebtedness so 50 contracted under this ordinance principal and interest shall have been fully paid satisfied and discharged but nothing herein contained shall be so construed as to th prevent said city from applying any other funds fund that may toe be in the city treasury and available for foor that purpose to the payment of said interest and principal as the same respectively mature anatha levy on levies herein provided for may max thereupon to that extent be diminished and the sums herein provided tor for to meet the interest 0 on n said bonds and to discharge the principal thereof when due are hereby appropriated for that purpose and said amount for each year shall also be included to in the annual appropriation bills passed by the city counell council in each year respectively section 3 AND ITIS FT IS FURTHER ORDAINED that all ordinances and resolutions or parts of ordinances and resolutions in conflict with the provisions hereof be and the same are hereby repealed and after said bonds are issued this ordin ordinance ann shall be and remain until said bonds and the interest thereon shall have been fully paid satisfied and discharged as herein provided section 4 AND WHEREAS it Js Is necessary for the immediate preservation of the peace health and safety ot of said city citer that the pro proceeds cee ds of 01 these bonds be available immediately for the purpose herein set forth section 5 AND BE IT FURTHER ORDAINED that this ordinance shall be published in one issue of th morgan crunity news ai a newspaper published twice each week in morgan city morgan county utah NOW THEREFORE IT IS FURTHER ORDAINED that an emergency Is hereby declared and this ordinance shall be in force and take effect immediately upon the day of its passage approval and publication passed by the city council of morgan city morgan county state of utah this day of november A D 1932 ATTEST RICHARD T FRY mayor ANNA SOMMERS city recorder SEAL approved this day of november A D 1932 RICHARD T FRY mayor ATTEST ANNA SOMMERS city recorder SEAL published november 23 1932 |