Show ogden city bonds one hundred thousand dollari per cent ayden rondsford tale will at his billee in ogden city atall un tit 12 of tile day of july 1888 for the purchase of one hundred coupon bonds each of the denomination of one th ll 11 5 a not dolis rs dearing interest at theoa the oa t e of five per cent per annum payable soini dually on tile day of the of july of each year at the american exchange national bank new york sta te of new york flie principal of said bonds shall be y y a ara from the to of their issue at tile city treas frers office ogden city but am re een table after ten years a t tile pleasure of tile city conn 11 it is provided by ordinance that out revenues of the city for tile year and annually thereafter thero shall beset aside of the said bonds and the interest placed in the city treasury and there held for that and no other it is also provide purpose that whenever after ten years from tile date of their issue there shall be suf ficie nt funds in the treasury set aside for that poll 10 M ten of said bonds an aur in thereon tile Ite corder of ogden city shall advertise the fact for at least thirty days I 1 n one or more of the newspapers published daily in the city of new york and ogden C k ty stating the number of the bonds wil lel she city wishes to redeem numbering in tile older of their issuance and with the number then outstanding and the dato when they will be paid an it the bonds so numbered not be presented for payment at tile time stated then ilia funds dball remain in the hands of the treasurer to ay said bonds when presented nit ph bonds shall draw no interest after the expiration of the time a the city council reserve tile right to reject any and all bids andio reserve from Invoke diate delivery any number not exceeding fifty of aid bonds until the city shall need tile funds tho said bonds so ro served are not to be paid I 1 or nor to draw interest delivered bonds are issued for the purpose of making public improve ments the city has no other bonded and Is limited by Is in its borro ising capacity to fou r cent of its taxable va lution as s bru by tile last assessment of it ta bable property for territorial and county ind reses any attempt to become tc f in excess thereof is beclar vold the bonds are exempt i bd y ordinance from taxation for city pur bows pows J baneg acty U tab city june recorder oil 1988 |