Show CLIPPER CLIPPE LEGAL NOTICE 1 ItEs Sl It ln t latt the 1 i t I mif II fit n IIi in I III nit I the he SI sale Ie of lt SI i. i School l Building Boosts Series A 1 of ot 1965 1963 it d 1 tin the ol It Education of ot s ls Counts School District Dist Dist- Distil il cl and providing for tor forthe forthe the levy lew of It taxes to pt pay principal of It Interest on said bonds WHEREAS a at a special bond election duly dill and lawfully called and held in Davis County School District Davis County Utah on March 3 1964 the following pro proposition position was submitted to a vote of ot the qualified electors of ot said district who had paid a property tax therein In the year ear next preceding preceding preceding pre pre- ceding said election Shall the Board of ot Education of ot Davis County School District District Dist Dist- Davis County State of ot Utah be authorized to issue and sell bonds of ot the district district district dis dis- in the amount of Five Million Dollars to mature annually the first installment of ot principal to mature in the year 1965 and the last installment of principal principal principal prin prin- cipal to mature in the year 1977 and nd to bear interest at at a rate or rates not in ex excess excess ex- ex c cess cess ss' ss of 5 per annum for forthe forthe forthe the purpose of ot raising money for purchasing school sites for fort building or purchasing one or more more school houses and supplying the same with furniture and necessary apparatus apparatus apparatus app app- aratus and for tor improving school property properly under the charge of ot the Board of Education Education Education Ed Ed- Ed- Ed returns of said election were d duly ly canvassed by this Board of Education on March 4 1964 and it was found and declared de declared declared de- de that said proposition carried carried carried car car- ried by a vote of in favor of the issuance of said bonds and against the I issuance s sua nee of said bonds and WHEREAS of said voted issue of only bonds have previously been sots sola and it It It is is now desired to sell of said bonds and WHEREAS this board has of offered offered of- of said bonds to the Department Department Department Depart Depart- ment of Finance and has received from said Department a waiver of its right to purchase such bonds and WHEREAS a notice Inviting sealed bids for the purchase of said 1 bonds has been the attention of potential potential pot pot- purchasers and the bids rece received ved pursuant to such notice have been tabulated and it has been found that the bid of at Continental Continental Continental Con Con- Illinois National Bank and Trust Company of Chicago Illinois is the highest and best bid received for the purchase of said bonds said bid reading in full as follows May Mr A A. A Hollis Hollis Grange Orange Cle Clerk r k Board of Education Davis County School District County Courthouse ous I Farmington Utah Dear Sir For One million Five thousand dollars Davis County School D District 1st r i c t Utah School Building Bonds Series A of 1965 which bonds will constitute valid and legally binding obligations of ot said School District payable from ad valorem taxes to be levied upon all the taxable pro property per t y within said School District without without without with with- out limitation as to rate or amount to be dated June 1 1965 and to mature serially as follows on June 1 I 1973 and on June 1 1974 all bonds being without option of prior payment bearing interest at the rates per annum as shown below 1973 8 7 1974 8 7 payable June 1 1966 and semiannually semiannually semiannually semi- semi annually thereafter on the first days of ot December and June of ot each year to be payable at the First Security Bank of ot Utah Main at First South Salt Lake City Utah all bonds in denomination denomination denomination denom denom- of and to be de delivered delivered delivered de- de livered to us as promptly as possible we will pay Par and accrued interest to the date of delivery of the bonds to us and in addition thereto a premium of on the basis of ot this bid the thenet thenet thenet net interest cost to the School 1 District is equivalent equIvalent equivalent to This bid is for tor prompt acc acceptance tance subject to our being furnished at the time tine of delivery of ot the bonds bonds' to us with the final un unqualified unqualified un- un qua qualified II tie d opinion of ot Chapman and Cutler approving the legality of the issue together with a certified copy of the transcript trans upon which their opinion is based together with complete delivery papers including a non non- litigation certificate which opinion ion tun will wUl be furnished at the ex expense expense ex ex- pense of ot the School District along with the printed properly executed ed eli bonds We are enclosing a certified check in the amount of male made payable to the Davis County School District Utah as evidence of our good faith which check will willbe be e held LeW by lIy you pending rending the full full- of ou our r contract in the event we are awarded the bonds Should the howls I he a. a aw elsewhere else where or Ir should the above named attorneys decline to trl approve their legality legality- said check should be re returned returned re- re turned to tl us Immediately Respectfully submitted Continental Illinois National Dank Bank and Company of ot Chicago William A A. A Noonan Jr Vice President Accepted this day of ot May 1965 A A. A Hollis Granger-Clerk Granger NOW THEREFORE Be It Re Resolved Resolved Resolved Re- Re solved and Ordered by the Board of ot Education of Davis County School District Davis County State of Utah Section 1 I. I That under authorIty authority authority author author- ity of ot Chapter 41 Laws of ot Utah 1965 Senate Bill Number 86 otherwise known as the Utah Municipal Bond Act there shall be issued by said district bonds in the amount of ot for forthe forthe forthe the purpose of ot raising money for purchasing school sites for far building or purchasing one or more school houses and supplying supplying supplying supply supply- ing the same with furniture and necessary apparatus and for tor im improving improving improving im- im proving school property under the charge of the Board Beard of Ed Ed- Ed Section 2 That said bonds shall be known as School Building Bonds Bonis Series A of 1965 shall be in the denomination of each numbered 1 to Inclusive in inclusive In- In elusive dated June 1 1965 and shall bear interest at the rates set out below from date until paid payable June 1 1966 and semiannually thereafter on the first days of June and December of each year Said bonds shall mature serially in numerical or order order or- or der without option of prior re redemption redemption redemption re- re on June 1 of each of the years and bear Gear interest as follows t Bond No Int Rate Amt Year 1 to 80 3 1973 81 8 7 1974 Both principal of and and int interest rest reston on said bonds shall be be payable in lawful money of the United States of America at First Security Security Security Sec Sec- Bank of ot Utah NA Main at First South in Salt Lake City Utah Said bonds shall be sl signed ed edby by the President attested by the Clerk of qi the Board Baar pf pt Education and countersigned by DY the Treasurer Treasurer Treasurer Treas Treas- of said Board and shall have the corporate seal scab of said district affixed and shall have coupons for interest attached which coupons shall be signed with the lithographed or engraved facsimile signatures of the President President President Pre Pre- and Clerk of the Board of Education and shall be countersigned countersigned countersigned count count- by the facsimile signature signature signature sign sign- of the Treasurer of said Board and the preparation of said lithographed or engraved facsimiles of said President and Clerk and Treasurer upon said is coupons o pons' pons is Ii hereby adopted by this Board as the authorized and auth authentic signing of said coupons by said officials Section 3 3 That said bonds Londs and coupons and the endorsements to appear on the back of said bonds shall be in substantially the fol following following following fol- fol lowing form UNITED STATES OF AMERICA STATE OF UTAH DAVIS COUNTY BOARD OF EDUCATION OF DAVIS COUNTY SCHOOL DISTRICT DIST DIST- SCHOOL BUILDING BONDS SERIES A OF 1965 Number The Board of Education of 01 Davis County School District Davis County State of Utah hereby hereby hereby here here- by acknowledges itself to be In Indebted Indebted indebted In- In and for value received hereby promises to pay to the bearer hereof the sum of Five Thousand Dollars on the first day of ot June blank without option of prior redemption tion with thereon at the rate of ot blank per cent blank per annum from date until paid payable on June I 1 1 1966 and semiannually semiannually semiannually semi semi- annually thereafter on the first days of ot June and December of each year tear said interest to maturity maturity maturity mat mat- being payable only upon presentation and surrender of the appropriate Interest coupons hereto attached Both principal and interest are pa payable able in lawful lawful lawful law- law ful money of the United States Stales of America at First Security Bank of Utah NA Main at First South in Salt Sail Lake Cit City Utah This bond is one of ot a series of ot bonds bands of like date and tenor issued for tor the purpose of raising money for tor purchasing school sites for building or purchasing purchasing pur pur- chasing one or more school schoolhouses schoolhouses schoolhouses houses and supplying the same with furniture and necessary apparatus apparatus app app- aratus and for fur improving school property under the charge of 01 the Board of Education and is issued under the pursuant to the provisions provisions pro pro- visions of the Constitution an and t Laws of the State of Utah in including including In in- eluding patti particularly cuI a r h the Utah Municipal Bond Dond Act Chapter Chapler 41 Laws of Utah 1 1965 Senate Dill Bill Number 86 after atter having been authorized atan election held on March 3 1 1964 1964 In said district by vote of the qualified electors of said district who had paid a property tax therein in n the year next preceding said election The Board of Education of Davis County School District covenants covenants cov cov- and Is by law required to levy annually a sufficient tax to pay the interest on this bond as asit asit it II falls due and also to constitute a sinking fund for tor the payment ot of the principal thereof as the same falls due It Is hereby certified recited and declared that all acts conditions conditions conditions con con- and things essential to the validity of this bond exit have happened and have been done and that every requirement of law affecting the issuance hereof has been duly complied with and that this bond is within every debt and other limit prescribed by the Constitution and laws of said State and that the full tull faith and credit of said Board of Ed Education Education Education Ed- Ed of Davis County School District are hereby Irrevocably pledged to the punctual payment of the principal of and Interest on this bond according to its terms IN WHEREOF the Board of Education of ot Davis Co County County County Co- Co School District Davis County Co County County Co- Co State of Utah has caused this bond to be signed by its President attested by its Clerk and countersigned by its Treasurer Treasurer Treasurer Treas Treas- the signatures of said President and Treasurer being by facsimile and has caused the corporate seal of ot said Board of Education of Davis District to be hereto affixed and the lne annexed coupons to be signed with the facsimile signatures of its President and its Clerk and countersigned with the facsimile signature of its Treasure which officials by the execution hereof do adopt as and for their own proper signatures their facsimile signatures appearing on each of said coupons all as of the first day of June 1965 President Board of Education of Davis County School District Davis County Utah Attest Clerk Board of ot Education of Davis County School District Davis County Utah Countersigned Treasurer Board of Education of Davis County School District Davis County Utah Number blank blank On the first day of blank 19 blank the Board of Education Education Education tion of Davis County School District District District Dis Dis- Davis County Utah will pay to the bearer hereof at First Security Bank of Utah NA Main at First South in Salt Lake City Utah the amount shown hereon in lawful money of the United States of America being the Interest in interest interest In- In terest then due on its School Bu Building Building Building Bu- Bu Bond Series A of 1965 dated June 1 1965 and numbered blank President Board of Education Attest Clerk Board of Education Countersigned Treasurer Board of ot Education Section 4 4 That the President and Clerk of ot the Board of Ed Education Education Education Ed- Ed are each hereby empowered empowered empowered ered and directed to sign and the Treasurer to countersign and the Clerk to affix the seal of said district to each of said bonds and the acts of said President President President dent and said Clerk and said Treasurer in to so doing are and shall be the act and deed of said Board of Education of ot Davis County Co County Co- Co School District Davis Co County County County Co- Co Utah The use of ot facsimile signatures in the execution of said bonds by the President and Treasurer of ot this Board of Ed Education Ed- Ed is hereby authorized The signature of ot the Clerk of ot this Board of ot Education on the face tace of the bonds bands shall be manually subscribed Section 5 5 That all aU the covenants covenants covenants coven coven- ants s statements tat erne n I s representations representations represent represent- and agreements contained in said bon bonds is and coupons and andall andall andall all recitals and representations in n this resolution and order are hereby considered and understood understood under under- stood and it II is hereby resolved and ordered that all said covenants coven ants s statements tat e m e lit s representations and agreements of said School D District Is t r i c t are the covenants cov coy statements representations and agreements of the Board of Education of Davis County School District Davis County Utah Ulah Section 6 6 That to meet irM the interest due on said bonds on and prior to December 1 I 1066 1966 there shall shaU be levied in the jear ear 1965 on all taxable property with within in said district in addition to all aU other taxes a direct ad valorem tax sufficient to produce the sum of and thereafter to pay the interest on said bonds as the same falls due and also alsoto alsoto alsoto to pay the principal of said bonds as the same matures there shall be levied on all aU taxable property proper in said district in addition to all aU other taxes tares a direct annual ad valorem tax tai in years and amounts as follows follow s I YEAR PRINCIPAL 1966 0 0 1967 1961 0 0 1968 1969 0 1969 0 1970 1910 0 I 1971 1911 I 0 1972 1912 1973 Said taxes taJes when collected shall be applied v to the he payment of interest on and principal ot of said bonds until the indebtedness contracted under this resolution shall have been fully paid satisfied satisfied satisfied satis satis- fied and discharged but nothing herein contained shall be So construed construed construed con con- as to prevent said district from applying any other Ither funds that may be in the treasury and available for tor the purpose to the payment of at said interest or principal principal principal prin prin- cipal and the levy or levies hereIn hereIn herein here here- in provided for tor may thereupon to that extent be diminished and the sums herein provided for principal of and interest on said bonds are hereby |