Show ogden city nd huldd thou nind bollara per cent ogden sale the unde signed u ill receive bids t his in ogden city utah tin tit 12 noon of tha aith day af july isis fur the purchase of one hundred coulson bond of tile denomination of thousand dollars beating interest at the rate of live per cent iser annum payable semian semi an dually on the clay ot jarl t lie day of july of each years at the american ext hange bank new york city state of now york I 1 principal of said bonds dball be N afable within twenty years from the ate of their issue at the city treas frers bince ogden city but are re dee mablo after ten brears at pleasure plea Aure of tile city botinelly bo tinell itis provided by ordinance that out of the revenues of the c fort lie year 1898 ity and annually ta after there shall be set aside sufficient funds to pay ten of tile paid bonds nud the itne 0 O t hereon aich dundr il ill be in be city treasury and there 11 eld for that and no other purpose Iti salso provided that whenever after ten from the date of their t here be sufficient kundsin the tj anuj aset aside for that r to pay ten of paid bonds bilu h 1 terest thereon the recorder of cita shall the fact for at in one or more 4 the newspapers nes papers daily inice city of new york and ogden cit y stating the number nelc ph 0 city wishes to redeem them in the order of their issuance mid commencing with tile highest number then outstanding and stating if lie late lien they mill be bald and I 1 lie bonds so numbered shall not be presented presen fed for payment at the time stated then tile funds shall in the handa of the treasurer to pay paid bonds alien presented but the bonds shall draw no interest after the the time stated in the ad ent the city council reserve the to dejeet any and all bids anait reserve from immediate bellve y ber not exceeding fifty j sat am bonds until the city shall need tile funds thu kid bonds so re period arti not to be paid for nor to d raw I 1 n herert the said bonds are issued for the purpose of making public im rove ments the city has no othe r a and is limited by ia in its borrowing capacity to four per cent of its taxable va lution as truism by the last assessment of its tax abler property for Territorial and county ge s any attempt to beco pur declared n excess thereof is vold these bonds are exempt by ordinance from taxation for city purposes taomas J city recorder crry utah june ath 1888 djao im |