Show 4 ordinance A AN 1 I ORDINANCE PROVIDING fitl THE ISSUANCE AND SALE OP OF FORTY THOUSAND DOLLARS I 1 waterworks WATER WORK WORKS 31 I 1 BONDS OF PARK CITY UTAH WHEREAS by I 1 the result ot of a special bond election duly called and lawfully held in park par city utah on Sat ruday the day of 0 may A D 1926 said city was authorized and empowered to issue and sell forty thousand dollars wa ter works bonds arld and WHEREAS the result of said election was duly declared by the city council ot of said city sitting as a board ot of canvassers by resolution duly passed on the day of 0 may I 1 A D 1926 and WHEREAS the city council of I 1 said palk paik city on the 3rd ard fay day ot of june A D 1926 duly passed a resolution ol authorizing and directing the sale of 0 said forty thousand dollars 4 00 0 waterworks Water works bondis and ashton jenkins insurance company a utah corporation has offered ott ered to purchase said forty thousand dollars wa ter works bonds when as and it if they may be leg legally illy issued and delivered paying par and accused interest from date of 0 bonds to date of 0 delivery which bid Is the highest best andi and most advantageous to the city and which bid was by resolution duly accepted by said city council NOW THEREFORE be it ordained by the city council ot of park city utah SECTION 1 that tor for the purpose of oe defraying the expense of increasing improving enlarging extending perfecting and adding to the present waterworks water works system and securing an additional water supply tor for said city lor for the purpose of 0 more adequately supplying and distributing water to the inhabitants thereof in manner provided P tor for in a resolution passed by the city council on april 1926 providing for fok and ordering a special election tor for the purpose of submitting to the qualified electors or of said park city the question io of incurring a bonded indebtedness to the amount of 0 forty thousand dollars park city does issue forty thousand dollars Water works i bonds ot of the denomination ot of each numbered consecutively from 1 to 40 inclusive to be denominated park city wa ter works bonds belies of june 1st ast A D 1926 19 26 to be dated june 1st ast A D 1926 andl and to become due and payable serially as follows three thousand dollars on the first day ot of june in each of the years 1929 to 1940 both inclusive and four thousand dollars on the first day os of june 1941 both principal and interest payable at the office ot of ashton insurance company in salt lake city or at chatham and phenix national bank and trust company in new york city N Y at the pation ot of the holder said bonds and each ot of them shall be except as to consecutive numbers and date ot of payment tn in substantially ly the form to wit UNITED STATES OF AMERICA STATE OF UTAH PARK CITY waterworks WATER WORKS BOND SERIES OF JUNE 1st ast 1926 no KNOW ALL MEN BY THESE PRESENTS that park city summit Cou county rity utah hereby acknowledges itself to be indebted and for value received hereby promises to pay to the bearer hereof the sum of one thousand dollars in U S gold coin of the present standard weight aud abiu fineness flu elLess on the first day of june A D 19 at the office of ashton jenkins insurance company in salt lake city utah or at Chath chatham elint and phenix phenis national bank and trust company in new york city N Y at tie the option of the holder with interest thereon at the five per cent 5 per cent per annum from date until paid payable semian semi an dually in like money on the first day of june and december in each year said interest to maturity being represented by interest coupons heie to attached this bond is issued tor for the purpose of defraying the expense of increasing improving enlarging extending perfecting and adding to the present waterworks water works system and securing an additional water supply for said city tor for the purpose of more adequately supplying and distributing water to the inhabitants thereof in manner provided tor for in a resolution passed by the city council of said city issued under and pursuant to the provisions of the constitution and laws of the state ot of utah and as authorize dl by the electors of said city at a special election aielt for that purpose the city council of said city shall annually levy a tax sufficient to pay the interest on this bond as it tails falls due ue and also to constitute a sinking fund sufficient to pay the principal when due it is hereby corti certified fled recited and declared that all conditions acts and things essential to the validity of this bonds exist have happened and have lave been done and that every requirement of law affecting tho the issue thereof has been duly complied compiled with and that this bond is within every debt and other amit prescribed prescribe di by the constitution and laws of saix eald state of utah the full faith credit and all taxable property within the limits of said park city as constituted at tho the I 1 time ot of the issuance hereof are and shall continue to be pledged to the punctual of the principal and interest of this bond i TN IN WITNESS THEREOF park city has causer this bond to bs be signed by its mayor and city trea 1 ihrer and its corporate sea seal to he be fiyol hereto attested bv its city recorder and the annexed coupons coupon tr to I boor ar tb 1 I fp f cicile I hiie signature of the city treasurer as of the first day june A D 1926 j I 1 1 CITY TREASURER u v R 1 ATTEST CITY RECORDER SEAL to each 0 of said bonds shall be at jached a coupon tor for each installment ot of interest by said 1 I 1 bond which said coupons shall be numbered consecutively beginning with number one with chith the several dates ot of payment and number of 0 b ond bond and shall bear the tac fag simile signature of tie the city treasurer and said coupons and each of them except as to dates ot of payment a and 1 I 1 number shall be in substantially a ay iy the following dormi to wit vit coupon no 2500 25 00 on june jume december 19 park city utah will pay to the bearer hereof at the office of ashton jen j kins insurance company in salti salt lake city utah or at chathem and i phenix national bank and trust I 1 company in new york city N Y I 1 j at the option of the holder the lu sum of twenty five dollars 2500 in U S gold coin of the present atan standard of weight and fineness being i six months interest then due on its waterworks Water works bond dated june 1st ast 1926 facsimile fac simile signature CITY TREASURER bond no there shall be endorsed on each of said sald bonds the following 1 I hereby certify that till this bondi bond I 1 is within the lawful limit of park city utah and is issued according 1 to law CITY REC RECORDER SECTION 2 the interest falling due on saidi said bonds on the first day of I 1 december A D 1926 shall be paid out of the general fund of said city and tor for the purpose of reimbursing I 1 said city tor for the payment of said interest and to meet the interest ac truing on said bondi on the first day ot of june A D 1927 and on the first day ot of december A D 1927 there shall be levied by the city council in the year 1926 on all taxable property within said city in addition to all other taxes a direct tax sufficient to produce the sum of three thousand dollars and thereafter to raise the necessary funds with which to pay the interest and principal of said bonds promptly as the sam earner becomes due there shall be levied on ail taxable property within said city in addition to all other taxes a direct annual tax as follows year interest principal total 1927 2000 2000 oo 1923 1929 1930 1931 1932 4 0 1933 1934 1935 3 1936 37 2 1937 1938 1939 1940 Oo said taxes when collected shall b be e applied i solely tor for the purpose of the payment of said interest and principal of said bonds respectively and tor for no other purpose until the in is i contracted under this ordinance principal ands and interest shall have been fully paid satisfied andi and discharged but nothing herein asi contained shall be so construed as to prevent said city from applying any other funds that may be in the city treasury and available for that purpose to the payment of said interest and principal as the same respectively ively matures and the levy or levies herein provided tor for may thereupon to that extent be diminished and the sums herein provided tor for to meet the interest on said bonds and to discharge the principal thereof when due axe hereby appropriated tor for that purpose and said amount tor for each year shall also be included in the annual appropriation bills passed by the city council ot 0 said city in each year respectively all I 1 proceeds derived from the sale ot of said bonds must be applied exclusively to the purpose for or which said bonds are issued bonds and each ot of them shall be signed by the mayor and city treasurer and attested by the city recorder and sealed with the co corporate seal of 0 said city and the sair said d coupons shall bear the facsimile fac tac simile signature of the city treasurer the mayor and city treasurer a are re each hereby empowered and directed to sign the city recorder to sign and attest andl affix the seal of said city to each of said bonds and the acts of said mayor city treasurer and city recorder in so doing are and shall be the abc acc act a and d deed of said city all the covenants coven covenants Ints statements statement si representations and agreements contained in said bonds and coupons andl andi a al 1 l recitals and representations kofl ot this ordinance are hereby considered and understood and it is hereby ordained and declared that said con tenants and promises therein are the covenants and promises of s said aid city and that the representations and statements thereby are the representations and statements of said city and it is further stated and represented that said city is a municipal corporation anda city of the third class under tinder the constitution and laws of the state of utah and 1 1 was organized in the year 1884 1 t SECTION 3 AND IT P 13 FURTHER ORDAINED that all ordinances and resolutions or parts ot ordinances and resolutions in conflict with the provisions pio visions there thereof of ob be 1 and the same are hereby repealed and after said bonds are issued this orl ininee shall be and remain butil saidi bond and the interest thereon shall have been fully paid satisfied and discharged as herein provided SECTION 4 the sale of ct said in waterworks Water works bonds con eon of bonds numbered from 1 to 40 both inclusive de denomination nomina 1011 i 1 each to ashton jeukins jenkins ibi iii S aurance company and the action of I 1 the city council in accepting its bid and all acts andl andi pe pertaining tai condit siT thereto are ale hereby con considered ax and d re hereby ratified and col coi and the city treasurer is hereby authorized instructed and dul due ed cd to deliver said bonds whon when pre properly perly executed to said ashton insurance company upon receipt ot of the purchase price thereof being par and accrued interest fr from m date of 0 bonds to date ot of delivery thereof in accordance with the terms of purchase SECTION 6 5 that it is a necessary for the immediate preservation of 0 the peace health and safety of said city that the proceeds eds of these bonds be available immediately tor for the purpose herein set forth NOW THEREFORE IT IS ORDAINED that an emergency is hereby declared and that this ordinance shall be in force and take effect upon I 1 the day of its passage approval aej publication PASSED ED by the city council of 0 pa park rk city ty utah and approved by the mayor this 3rd ard day of june A D 1926 R W MACDON MACDONALD mayor ATTEST sueanna SHIELDS city recorder SEAL i ORDINANCE AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF SE VENTY SEVENTY THOUSAND DOLLARS SANITARY SEWER BONDS PARK CITY UTAH WHEREAS by the result ot of a special bond election duly called and continued on page three continued from page two lawfully held in park city utah on saturday the day of may A D 1926 said city was authorized belil and empowered to issue anil and sell seventy thousand dollars sanitary sewer bonds and anda WHEREAS the result ot of said I 1 election was duly declared by the city council 0 of said city sitting as a board of canvassers by resolution duly passed on tha day 0 of may I 1 A D 1926 and WHEREAS the city council kofl 0 said park city on the 3rd ard day 0 of june A D 1926 duly passed a resolution ol authorizing andl and directing the sale of said seventy thousand dollars sanitary sewer bonds and WHEREAS ashton jenkins insurance company a utah corporation has offered to purchase said seventy thousand dollars sanitary sewer bonds when as and it they may he be legally issued andi ancl delivered dle Oe livered paying par and accused interest from date data of bonds to diate date of 0 delivery which bid is the highest best and most advantageous to the city and which bid was by resolution duly accepted by the said city council NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF PARK CITY UTAH I 1 SECTION 1 that tor for the purpose of 0 defraying the expense of 0 constructing ting additional sanitary sewers and extending improving and adding to the present sewer system of sald said city tor for the purpose of more adequately 6 caring tor for aud and disposing of the sewage ot of said city and to that end to lay additional mains I 1 in u I 1 manner 11 1 1 provided for in a reso resolution lutio P passed by the city council on april IS 16 1826 1926 provid Wg tor for and ordering a special election for the purpose of submitting to the qualified electors of 0 said city the question of incurring a bonded indebtedness to tile the amount ot of park city does issue seventy thousand dollars 70 sanitary sewer bonds ot of the denomination ot of each numbered consecutively from 1 to 70 both inclusive to be denominated park city sanitary sewer bonds series ot of june 1st ast 1926 to be dated june 1st ast 1926 and to become due and payable serially five thousand dollars on the first day ot of june in each ot of the years 1929 to 1936 inclusive and sis eix thousands Thou sandl dollars on the first day ot of june in each ot of the years 1937 to 1941 inclusive both principal and interest payable at the office ot of ash ton jenkins insurance company in salt lake city utah or at chatham and phenix national bank and truit company in new york city N Y or at the option of the holder said bonds and each of them shall be except as to consecutive numbers and date dale ot of payment in substantially ly the following form to wit UNITED STATES OF AMERICA STATE OF UTAH PARK CITY SANITARY SEWER D OND BOND SERIES OF JUNE 1926 no KNOW ALL MEN BY THESE PRESENTS that park city summit county ut utah ab hereby acknowledges edges itself itse f to be indebted and for value received hereby promises to pay to th the e bear er hereof the sum bum or 0 0 one thousand dollars in V U S gold goia cola coia of the present standard of oe weight and fineness on the first fint day of 0 june A D 19 at the office of ashton jenkins insurance company in salt lake city or at chathem chatham and phenix national Nat lonar ionar bank and trust company in new york N Y at the option ot of the holder with interest thereon at the rate ot of five per cent 5 per cent per an numa from date until paid payable semiannually semi annually ini in like money on tile tha continued Conti hued on page six I 1 continued from page three first day of june and december in each year said interest inte iest to maturity being represented by interest hereto attached this bond is is issued for the purpose ot of defraying the expense ot of constructing additional sewers and extending improving and adding to the present sewer sy system teria of said city for the purpose of more adequately caring tor for and disposing of the sew age ot of said city in manner provid ed for in |