Show agit 11 city one hundred thoi ennd dollars offit e per cent ogden city bonds for eak The aill receive bids it t his office in ogden city utah tin til 12 noon of the day of ul 1888 for the pur chafie of one an coupon or ili of one thousand dollars bearing interest at the rate of five I 1 cent per annum payable genii an dually osithe of julyon laclive arat tile american danko new york city of non york rile arinel pal of said bonds s hall be afable twenty yea from the P late of their issue at tile city treas frers office ogden city but are to dee mablo after ten years at the plea sure of tile city council it is provided by ordinance that out of tile revenues of tale city for tile year 1898 and annually thereafter there shall be set aside sufficient fund sto pay ten of the said bonds and the interest I 1 hereon which funda aill be placed in lie city and there held for and no other it is also provided that whenever after ten years from the date of their dinue there shall be sufficient funds ili tile treasury set aside for that ady ten of said bonds and in thereon tile recorder of ogden C ty hall advertise the fact for at thirty days in one or more of the published daily in the city of vew york and ogden city the number which she city wishes to redeem ting them in the 0 adee of their issuance and commencing with the big llesi number then outstanding and stating the date when they ill lm talt t alt alit if the boyuls so numbered shall not ix presented for payment at the time stated then tile funds shall remain in the hands of the treasurer to pay sald bonds when presented but the bonds shall draw no interest after the expiration of the time stated in the advertisement the council reserve the right to any a d all to from im rne diato delivery any number not elc ding fifty of said bonds jintil the edity shall need the funds the said bonds sore served are not to be paid for nor to draw inhere t until delivered the bald bonds are forthe Pur making public improve nl pT i city has no other bonded and its limited by law in its borron ing capacity to four per cent of its i ian by ilia last assessment adl its taxable property for territorial and county any attempt to b acome nd bated n excess thereof Is declared vo id diestl bonds are exempt by ordinance from taxation for cit Y par fosef 8 r 11 issa J 1 city Rb corder fadl QTY utah june oth 1888 irn |