Show f f r LEGAL NOTICE d ORDINANCE No AN ORDINANCE PROVIDING FOR POn TUB THE ISSUANCE AND k CONFIRMING THE TIIE SALE OF OP GENERAL noN TION SEWER BONDS DONDS OF OFu u COALVILLE CITY SUMMIT i COUNTY UTAH AND r GENERAL OBLIGATION nON W WA WAy WATER A. A y t TER TEn BONDS DONDS OF or SAID CITY h WHEREAS pursuant to ordinance ordin I ance Once duty duly adopted on July 17 1963 an on ete election was held MId In Coal Coat vide Tills City on August Augu t 20 1963 at which there was submitted to euch such qualified electors of Coal Coat vole me City as paid a property tax In said City In the year next preceding such illiCit election the tho following fol Tot followIng lowing propositions No 1 Shan Shall negotiable coupon general obligation bonds of Coalville City Utah In the sum slim of One Hundred Thousand Thousand Thou Thou- sand Dollars Donars bearing bear benr- ing ng interest at a rate not to exceed six per cent 6 per annum and due and payable In not to exceed twenty years from th the date of said bonds be issued and sold for the purpose of defraying the cost coot of constructing improve ments meats enlargements exten extensions ions and betterments to the tho present sewer system of said City No 2 Shall negotiable coupon general obligation bonds of City Utah in the sum of Fifty Thousand Dollars Dol Dot lars tars bearing Interest at a rate of not to exceed six per cent U t per annum and due and payable not later than twenty years trope the date of said bonds be Issued and sold for tor the purpose of making improvements enlargements en e en n t ts a 8 and extensions to the present waterworks and distribution system and acquiring and constructing water storage and pumping facilities for tor said system all to be owned and controlled by said City and WHEREAS the tho results of said election were declared by the City CUy Council of said City sitting as WI a Board of Canvassers by re resolution resolution resolution re- re solution duly passed on the I I day of August 1963 from which It appears that the aforementioned ed Proposition No 1 on the issuance is fe Is of General Obligation Obligation gation Sewer Bonds carried by a n vote of for and 46 against the issuance of said bonds and the aforementioned Proposition No 2 on the tho issuance of General Obligation Water Bonds Bands carried by a va vote to of for and 30 against I Iby the issuance of said eaid bonds and I WHEREAS it is now desired Eby by the City Council to authorize I the issuance and to confirm the sale of General tion Uon Sewer Bonds of Coalville City and General Obligation Obligation Obliga Obliga- tion Water Bonds of said City to to Edward L. L Burton Company 1 of Salt Lake City Utah at the price of par and accrued Interest to the date of delivery v f. f NOW THEREFORE Be De It and It li Is 13 Hereby Ordained by the City Council of Coalville City Summit Sum mit County Utah SECTION 1 That for the purpose purpose purpose pur pur- pose of defraying the cost of making improvements enlargements enlarge ments extensions and betterments betterments betterments better better- ments ments to the present sewer system tem tern in and for Coalville City there shall be issued General Obligation Sewer Bonds Donds of of said City and for the purpose of defrayIng the cost of making Improvements enlargements replacements replacements re reo placements and extensions to the present waterworks and distribution tion system of said City and acquiring ac quiring and constructing water storage and pumping facilities tor for said eald system there shall be issued General Obligation Water Vater Bonds Donds of said City Said bonds shall be date dated 1 September I I 1 I 1963 in the denomination of One Thousand Dollars 1000 I I each each numbered from one 1 consecutively upward bearing interest t from date late until paid at atthe atthe atthe the rates hereinafter set out which interest shall be payable September 1 1 1964 1961 and semi an an annually thereafter on the tho first days of of t March larch and September of each year Such bonds bench shall mature serially in numerical order on September 1 I in each of the years and shall bear boar Interest as tel fol- I Moth Doth Int Interest rest a and l principal shall be payable In ln lawful m money noy of at the United States of ot America at FIRST NATIONAL BANK DANt OF COALVILLE Coalville Utah mah Coalville City hereby reserves tho the right to repurchase In Inverse inverse In verse numerical order sewer bonds numbered 61 bi to inclusive sive he and water bond bonds numbered 21 n to 50 Inclusive which mature after September 1 I 1973 on that date and on any interest l payment date thereafter at a price equal to the tho principal amount thereof and accrued Interest to the ho date fixed fixer for tor repurchase plus a premium pre of at for tor each bond bonel so IO repurchased Interest on on any bond subject to repurchase shall cease to accrue after atter the date dale fixed for tor repurchase of said bond i I If It notice has been properly given and funds equal to the repurchase I price have been deposited with I I the tho paying agent bank Notice of ot the exercise of the right of the City to repurchase any bond Is la Isto Isto lato to be given not less than thirty days prior to the repurchase data dat by hy publication of an appropriate I notice one time in a n financial newspaper or Journal published in the City of New York New NewYork NewYork NewYork York or Chicago Illinois and by registered mall mail to the paying agent bank SECTION 2 2 That said bonds and the interest coupons thereto attached shall be In substantially the following form UNITED STATES OF AMERICA STATE OF UTAH SUMMIT COUNTY COALVILLE CITY SEWER WATER BOND DOND SERIES SEPTEMBER 1 1963 Number KNOW ALL MEN BY DY THESE PRESENTS that Coalville City Summit County Utah for value received re hereby acknowledges itself to be indebted and promises prom ices to pay to the bearer hereof the sum eum of ONE THOUSAND DOLLARS 1000 on the first day of September 1963 together with interest thereon from the date hereof until untIl until un til payment of principal at the rate of Three and three fourths I per cent 3 Three and 60 60 1100 per cent per annum payable September 1 1964 and semi-annually semi thereafter on the first days of March and September Septem Septem- ber her of each year with interest falling due on and and prior to maturity maturity ma ma- payable only upon presentation pre and surrender of the attached interest coupons as they severally become due Both principal prin cipal of and interest on this bonare bond bon are payable in lawful money o othe of f the United States of America a athe at atthe atthe t the FIRST NATIONAL BAN BANK K OF COALVILLE COALVILLE UTAH I I This bond is one of an Issue of water sewer fifty one hundred bonds of I dike date tenor and effect except ex ex- i as to maturity Interest rate and option of repurchase i issued sued for the purpose of improving and extending the existing waterworks waterworks waterworks water water- works plant and nd system sewer system of Coalville City to be owned and controlled by said sold saidI City under and by virtue of andIn and andIn andIn I In full Cull conformity with the Constitution Con and laws Jams of the State of Utah and an ordinance duly adopted by the City Council of said sold City on September 16 1963 after having been duly authorized author at an election legally held in said City on August 20 1963 Coalville City hereby reserves the right to 10 repurchase In inverse in verse verae numerical order bonds water sewer numbered 21 21 to 50 51 to inclusive whIch mature after September 1 I 1973 on that date and on any Interest payment date thereafter at a price equal to the principal amount thereof and accrued accrued ac ac- ac interest to the tho date fixed for repurchase plus a premium of for each bond so BO re reo purchased Interest on any bond subject to repurchase shall cease to accrue after atter the date fixed for tor repurchase of at said bond if notice has been properly given and funds equal to to to- the repurchase price have been deposited with the paying agent bank Notice of the exercise of the right of ot the City to repurchase any bond w us to be given not lets less than thirty days prior to the repurchase date by publication of at an appropriate e notice one time In a financial newspaper or journal published in lows Jaws I t Sewer Sewer Water Water Bond Dond Bonds Bond Dond Interest Numbers Amount Numbers Amount Maturity Rate nat 1 1 5 1 3 I 2000 1964 1961 6 6 10 3 3 4 2000 19 1965 11 11 35 15 li 6 2000 1966 37 16 16 21 20 7 1 8 2000 1967 If 21 1 25 9 9 70 10 2000 10 1968 26 6 30 11 12 2000 1960 31 as 13 13 14 2000 1970 36 36 40 15 r 16 2000 1911 17 41 45 17 11 1 18 2000 46 50 19 19 20 o 2000 1973 61 51 56 55 21 21 23 1974 1 37 56 60 51 4 26 1976 1975 37 61 68 5 27 21 20 2 1976 66 66 70 10 SO 32 3 1977 1917 US- US 71 11 7 75 33 33 35 3 1978 76 76 80 36 36 38 1979 t 81 85 5 39 39 U 41 1980 i fiG 86 90 43 43 H 44 1981 91 91 95 45 45 47 2 1982 seO I If 48 50 29 usa 3 i I the CIt City of ot New Ne York New Ne York of at Chicago Illinois and by re tea mall maU to the paying agent bank The City Council ol ot Coalville City agrees that It will wilt annually I levy vy a tax sufficient to pay the Interest on this bond hand as it falls tails due and also alsI to too constitute a sinking fund sufficient to pay the principal when duo due It is heresy herMY certified recited and declared that all aU conditions acts acl and things essential to the Validity of ot this bond and tho the Issue of ot which It forms a part do exist haVe happened have been done and that every requirement requirement re reo of law affecting the I issue thereof thereat has been duly com corn complied plied piled with and that this bond is within every debt and other limit prescribed by the Constitution I and laws Jaws of at the State of Utah and that the full tull faith and credit of ot Coalville City are hereby ir irrevocably lr Ir pledged to the punctual payment of the principal of at and interest on this bond according to its terms I IN WITNESS WHEREOF City has caused this bond to be signed by Its Mayor and countersigned by its City Recorder Re Ho- corder with the tho seal of the City affixed and the coupons hereto attached to be signed with the facsimile signatures of said officers of of- titers who by the execution hereof do adopt as lIB and for their own proper signatures appearing on each of said coupons all as of the tho first day of September 1963 1961 ROBERT A A. WILLIAMS Mayor Countersigned IMOGENE Y Recorder Form of Coupon Number I I I MarchOn March MarchOn i hOn h- h On the first day of September 1964 unless the hereinafter mentioned mentioned men men- bond is then callable for repurchase and has been so BO called called call call- I ed and provision for the repurchase repurchase I chase thereof duly made Coal Coal- yule City Summit County Utah I will wUl pay to the bearer hereof at FIRST NATIONAL BANK DANK OF COALVILLE C COALVILLE 0 A L V I L L E UTAH the amount shown hereon hereon hereon here- here on in lawful money of the United States of America being the interest interest in In- terest erest then due on its General Obligation Water S Sewer e ewe w e r 1 Bonds Series of September 1 I 1963 and numbered I t ra Facsimile Signature Mayor Countersigned Facsimile Signature City Recorder Worm Form of Auditors Auditor's Certificate I r the undersigned duly quail quail- field and end a acting Auditor of Coal Coat yule City Summit County Utah I ado do hereby certify that the within bond l la within the lawful debt limit of ot C Coalville City Utah andis and andIs andIs Is f Issued sued according to law WITNESS my Y official signature signa 1 ture this day of ot September r 1963 IMOGENE Y City Recorder and ex ex- officio lo Auditor SECTION 3 3 That each of at said eald saidI j I bonds shall hall be signed by the I Mayor and countersigned by the I City Recorder with the seal of said City affixed and the said coupons shall bear the facsimile signatures of said Mid officers The Mayor Is hereby empowered and directed to sign and the City Recorder to countersign and affix the seal eal of the City to each of said Bald bonds and the acts aCM of said Mayor Maor and City Recorder in so doing are and shall be the act and deed of Coalville City Utah All An of oC the covenants statements representations re so- I I presentations and agreements contained In said bonds and coupons coupons cou cou- pons and all of the recitals and representations of this ordinance are hereby considered and understood under under- understood stood and It f Is hereby ordered and declared that said covenants I and promises therein are the covenants covenant and promises of Coal Coal- I yule City and that the j I and statements statements- thereIn there there- In are the representations of there there-I said City I SECTION 4 That Tha to pay the the interest falling due on said bonds as the same becomes due and I also to provide a sinking fund tor ifor the payment of the principal i I of said bonds at maturity there I Ishall shall be annually levied on all taxable property in said City in addition to all other taxes a a. I direct annual tax sufficient to to pay the interest on said bonds I and to pay and retire the same a. a as no hereinbefore provided Said Said taxes when collected shall be he applied ap- ap ap 1 I plIed piled solely for the purpose of the payment of said interest on and I principal of said bonds lively and for no other purpose purpose r i whatsoever until the Indebted ness noeS Jl ao no contrasted under this ordinance principal and Interest shall haU have hue been fully paid satis satisfied fled fied and discharged but nothing herein contained shall be so 00 construed construed con can trued as to prevent said ull City I from applying any allY other funds funda that may be in the City treasury and end available for tor that purpose to the payment of said Interest and principal as lIB the same ame respectively mature and nd the levy or levies I I herein provided for tor may thereupon on to that extent b be diminished The sums soma herein provided for tor to meet the Interest on art said bonds and to discharge the principal thereof when due are hereby appropriated ap for that purpose I Principal and Interest failing falling due at tit any time when there are on hand from the proceeds proceed of at the above tax levy Insufficient funds shall be advanced from tram other funds of the City available for tor such purpose and such other funds shall be reimbursed when the tax levy proceeds become available SECTION 5 6 That the sale of said bonds to Edward L L. L Burton Durton Company of Salt Lake City Utah at the price of par and accrued interest to the date of delivery is hereby In all respects ratified and end confirmed Said bonds shall be delivered to the purchaser as soon as they may maybe maybe maybe be legally issued upon receipt by the City Treasurer of the agreed purchase price SECTION 6 6 That all alt ordinances ordinances ordin ordin- ances and resolutions or parts thereof In conflict herewith beland be land and the same are hereby repealed repeal repeal- ed and after said bonds are issued Issued is- is j I sued this ordinance s shall hall be and remain until said I bonds and the interest thereon shall have been fully paid satisfied satisfied satis sates fied fled and discharged as herein provided I SECTION 7 That It being rece necessary ary for the immediate pren pre pie of the peace health I and safety of Coalville City and the ithe the Inhabitants thereof that the proceeds of the bond herein authorized au au- be available immediately tely I Ifor I Ifor for the respective purposes herein hereIn herein here here- t in In set forth an emergency is I hereby declared and this ordin ordinance l ance shall be in full fult force and I effect immediately upon Its ire adoption and posting I PASSED by the City Council of a |