Show r E Ii GAL t f. f j I tt Bond Numbers Amount Year to 1978 SPECIAL BOND ELECTION A RESOLUTION authorizing the issuance of School Building Bonds Series June 1 1968 of the Board of Education of D Davis a v I s County School District Davis County Utah providing for the levy of taxes to pay principal of and interest on said bonds and providing for the sale of said bonds WHEREAS at a special bond election duly and lawfully called and held in Davis District Davis County Utah on March 7 7 1967 the issuance of bonds was au authorized authorized authorized au- au for the purpose of o raising mone money for purchasing school sites for building or purchasing one or more school schoolhouses schoolhouses schoolhouses houses and supplying the same with furniture and necessary apparatus and for improving school property under the charge of the Board of Education Education Education tion the result of which election was declared by the Board of 3 Education sitting as a Board of Canvassers on March 9 1967 and WHEREAS of the bonds so voted at said election have heretofore been issued and delivered and it has been determined to authorize the Is Issuance Issuance Issuance Is- Is and sale of of said bonds at this time NOW THEREFORE Be It Resolved by the Board of Ed Education Education Education Ed- Ed of Davis County School District Davis County State of Utah Section 1 That under au authority authority authority au- au of Chapter 14 of Title 11 Utah Code Annotated 1953 otherwise known as the Utah Municipal Bond Act there shall be Issued by said board bonds In the amount of for forthe forthe forthe the purpose of raising money school sites for 5 building or purchasing one or orI imore I more school houses and supplying supplying sup- sup f plying the same with furniture and necessary apparatus and for improving school property under the charge of the Board of Education Section 2 That said bonds shall be known as School Building Building Building Build Build- ing Bonds Series June 1 1968 shall be In the denomination of each numbered 1 to Inclusive dated June 1 1968 shall bear interest from their date until paid at such rate or rates not exceeding five lve per percent percent percent cent 5 per annum as shall be fixed by resolution to be adopted at the time the bonds are sold said interest being payable December 1 1968 and al y thereafter hereafter odthe ri the I first days s of June and D December r b r of ot of each year and shall fall due serially without option of prior redemption in numerical I order on June 1 of each of the years as follows I Bond Numbers Amount Year 1 to 20 1974 21 to 70 1975 71 to 1976 to 1977 to 1978 Both principal of and interest lion on said bonds shall be payable kin in fn lawful money of the United States of America at First Security Bank of Utah N N. N A A. A Main at First South In Salt j Lake ake City Utah Said bonds shall be signed by the President fand and attested by the Clerk of oft t he a Board of Education the signature of sa said i d President being by by facsimile and shall have the facsimile of the corporate corporate cor cor- seal of said board printed print print- ed d thereon and shall h have a v e coupons for Interest attached which coupons shall be signed with the printed facsimile signatures signatures signatures sig sig- natures of the President and Clerk of the Board of Education Uon tion i and the preparation of S said d printed facsimiles of said President and Clerk upon said coupons Is hereby adopted by the board as the authorized and authentic signing of sa said i d coupons coupons cou- cou pons Pons by said officials Section 3 3 That said bonds and the coupons shall shaIl be In I substantially the foil following owl ng form Form of Bond UNITED STATES OF AMERICA STATE OF UTAH DA DAVIS VIS COUNTY Board of ot Education of Davis County School District School Building Bond Series June 1 1968 Number Numbe The Board of Education of Davis County School District Davis County State of Utah hereby acknowledges itself to be indebted and for value re received received received re- re hereby promises to pay to the bearer hereof without option of prior redemption the sum of Five Thousand Dollars on the first day of June 1 19 19 with interest thereon there there- on at the rate per of of per cent per annum from date until paid payable December 1 1968 and semi-annually semi thereafter on the first days of June and Dece December of each year said interest to maturity being payable only upon presentation presentation presentation pre pre- and surrender of th the appropriate Interest coup coupons 0 n s hereto attached Both principal and interest are payable in lawful m money o 0 n e y o of the United States of America at Fir First s t Security Bank of Utah N NA A Main at First South in Salt Lake City Utah This bond is one of a series of bonds of like date and tenor except as to maturi maturity ty and interest rate issued for forthe forthe forthe the purpose of raising money for purchasing school sites for building or purchasing one or more school houses and supplying supply supply- ing the same with furniture and necessary apparatus and for improving school pro property per t y under the chan charge e of the Board of Education and is issued under and pursuant to the provisions provisions provisions pro pro- visions of the Constitution and laws of the State of Utah In Including Including including In- In particularly the Utah Municipal Bond Act Chapter 14 of ot Title 11 Utah Code Annotated Annotated Annotated An An- 1953 after having been authorized at an election held heldon on March 7 1967 in said district district district dis dis- dis- dis by vote of the qualified electors of said district who had paid a property tax therein there there- in in the year next preceding said election The Board of Education of Davis County School District covenants and Is by law re required required required re- re to levy annually a sufficient sufficient sufficient suf suf- tax to pay the interest on this bond as it falls faIls due and also to constitute a sinking fund for the payment 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 exist have happened and have been done and that every requirement requirement requirement require require- ment of law affecting the issue hereof has been duly complied compiled with y and d that tha this bond ris is within every debt and other limit prescribed by the Constitution Constitution Constitution Con Con- and laws of said state and that the full faith and credit of said Board of Education of Davis County School District are hereby irrevocably pledged to the punctual payment of the principal of and Interest on this His bond according to its terms IN WITNESS WHEREOF the Board of Education of Davis County School District Davis County State of Utah has caused this bond to be signed by its President and attested by its Clerk the signature of said President being by facsimile facsimile fac fac- simile and has caused the facsimile facsimile facsimile fac fac- fac- fac simile of the corporate seal of said Board of Education of Davis County School District t to be printed hereon and the annexed coupons to be signed with the facsimile signatures of Its President and its Clerk which officials by the execution hereof do adopt as and for their own proper signatures the their I r facsimile signatures appearing on each of said coupons all allas allas allas as of the first day of June 1968 Facsimile signature President Board of Education Education Education Ed Ed- of Davis County School District D Davis a vis County Utah I t At Attest esl Clerk Board of Education of Davis County School District District District Dis Dis- Davis County Utah FACSIMILE SEAL Form of Coupon Number Numbe On the first day of of- 19 the Board Blard of Education 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 am punt shown hereon In lawful money of the United States of America being the interest then due on its School hool June 1 1968 dated June 1 1968 and numbered numbered numbered- Facsimile signature President Board of Education Attest Facsimile signature Clerk Board of Education Section 4 That the President President President Pres Pres- ident and the Clerk of the Board of Education are each hereby empowered and di directed directed directed di- di i to sign and the Clerk to cause the facsimile of the seal of said board to be printed print print- ed on each of said bonds and the acts of said President and said Clerk in so doing are and shall be the act and deed of said Board of Education of Davis County School District Davis County Utah The use I of the facsimile signature of the President and the facsimile of the seal of the board on the face of the bonds Is hereby authorized Section 5 That all covenants state statements ments represent representations a t i ion o n s sand sand and agreements contained in said bonds and coupons and andall andall andall all recitals and representations In this resolution and order are hereby considered and understood understood understood under under- stood and it is hereby resolved that all said covenants statements statements state state- men ments t s representations and agreements of said school district district district dis dis- are the covenants statements statements state state- men ments t s representations and agreements of the Board of oi Education of Davis Co County u n t y School District Davis County Utah Section 6 That to pay the interest falling due on sa said i d bonds as the same becomes due and also to provide a sinking fund for the payment of the principal of said bonds at maturity there shall be levied on all taxable property In Davis County School District District District Dis Dis- in addition to all other taxes a direct annual tax sufficient sufficient sufficient suf suf- to pay the Interest on said bonds and to pay and re retire retire retire re- re tire the same as hereinbefore provided Said taxes when collected collected collected col col- col- col shall be applied solely for the purpose of ot the payment of said Interest on and principal of said bonds respectively and for no other purpose whatsoever whatsoever whatsoever ever until the Indebtedness so contracted under this resolution resolution resolution tion principal and int Interest ere s t shall have been fully paid satisfied satisfied sat sat- and di discharged s c h a rge d but nothing herein contained shall shaIl be so construed as to prevent said district from applying any other funds that may be In the district treasury and available for that purpose to the payment payment payment pay pay- ment of said interest and principal principal principal prin prin- cipal as the same respectively vely mature and the levy or levies herein provided for may thereupon thereupon thereupon there there- upon to that extent be diminished diminish diminish- ed and the sums herein provided provided provided pro pro- vided for to meet the interest on said bonds and to discharge the principal thereof when due are hereby appropriated for that purpose and the required amount for each year shall be included by the Board of Education Education Education Ed Ed- in its annual budget and its statement and estimate as certified to the Board of County I Commissioners in each year Principal or interest falling due at any time when there shall not be available from the proceeds of said levies money sufficient for the pay payment men t thereof shall to the extent of such deficiency be paid from other funds of the Board of Education available for such purpose and such other funds reimbursed when the proceeds of said levies become avail avail- able Section 7 7 That said bonds shall be sold pursuant to resolution resolution resolution res res- to be hereafter adopted The Treasurer of the Board of Education is hereby i In Instructed instructed in- in n- n to make delivery of such bonds to the purchasers thereof as soon as may conveniently conveniently conveniently con con- be after the adoption of the resolution confirming sale and to receive payment In accordance with the terms of sale and to set the proceeds of said sale aside into a separate fund to be used for the purposes for which the bonds are herein authorized Section 8 8 That this resolution resolution resolution tion shall be published one onetime time in The Weekly Reflex a news newspaper paper of general circulation in i Davis County School District and for a period of thirty 30 days after such publication any person in Interest shall have havethe the flight flight- right ta to contest the legality of ot this resol resolution uti on or of the bonds hereby authorized or any provisions made for the se security security security se- se and payment of such bonds After such time no one shall have any cause of action to contest the regularity formality formality formality for for- mality or legality of this resolution resolution resolution reso reso- lution or the bonds herein au authorized authorized authorized au- au for any cause what what- ever Section 5 9 That all resolutions resolutions resolutions and orders or parts thereof there there- of in conflict with the provisions hereof are hereby repealed Adopted and approved this day of March 1968 IRVIN R R. R CLEVERLY President Board of Education of Davis County School District Davis County Utah Attest A. A Hollis Grange Clerk Board of Education of Davis County School District Davis County Utah Published in the Weekly Reflex First publication April 4 1968 Last publication April 9 4 R 39 Published in the Davis County Clipper First publication April 5 1968 Last publication April 5 1968 C 52 52 |