Show Legal Notice RESOLUTION A RESOLUTION authorizing the issuance of School Building Bonds Series June 1 1971 of the Board of Education of Davis County School District Davis County Utah providing pro Corthe for Cor forthe forthe the levy of taxes to pay principal of and interest on said bonds and providing for the sale of said bonds and authorizing their advertisement advertisement advertisement ad ad- for Cor sale WHEREAS at a special bond election duly and lawfully called and held in Davis County County County Coun Coun- ty School District Davis County County County Coun Coun- ty Utah on March 16 1971 the issuance of bonds was authorized for the purpose of or raising money for purchasing school sites for building or purchasing one or more school houses and supplying the same with furniture furniture furn furn- iture and necessary apparatus and for improving school property under the charge of the Board of Education the result of which election was declared by the Board of Education Education Education Ed Ed- sitting as a Board of Canvassers Call on March 18 1971 and WHEREAS none of or the 12 bonds voted at said 2 election of March 16 1971 have heretofore been issued and it has been determined to authorize authorize authorize au au- au- au the issuance and sale of of said bonds voted on March 16 1971 at this time NOW THEREFORE Be It Resolved by the Board of Education Education Education Ed Ed- of Davis County School District Davis County State of Utah I Section 1 l. That under authority authority authority au au- au- au of Chapter 14 of Title 11 Utah Code Annotated 1953 otherwise known as the Utah Municipal Bond Act there r shall be issued by said district bonds in the amount of 2200 I I for the purpose of raising money for purchasing school sites for building or purchasing purchasing purchasing pur pur- chasing 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 Ed Ed- f Section 2 That said bonds shall be known as School Building Bonds Series June 1 1971 shall be in the denomination denomination de do- nomination of each numbered numbered numbered num num- 1 to 4 10 inclusive Said bonds shall be dated June 1 1971 shall bear interest from their date until paid at such t rate or rates not exceeding i seven percent 7 per percent ent per annum as shall be fixed by resolution to b b be adopted d pt J Jat at atthe atthe th the time the bonds are are sold i said interest being payable December 1 1971 and semiannually semiannually semi semi- annually thereafter on the first days of June and December December December De De- De- De cember of each year and shall fall due serially in nu numerical nu- nu merical order without option I of prior redemption on June 1 of each of the years as follows follows follows fol- fol lows BOND YEAR AMOUNT NUMBERS 1976 i 1 to 60 1977 61 to r 1978 to V 1979 to 1980 to 1981 to 1982 to f 1983 to i Both principal of and interest interest interest in- in terest on said bonds shall be payable in lawful money of the United States of America Amer Amen r ica at First Security Bank of Utah N. 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A Main at First South in Salt Lake City Utah Said bonds shall be signed by the President and attested by the Clerk of the Board of Education the signature of said President being by facsimile and shall S have the facsimile of the corporate seal of said board r printed thereon and shall have coupons for interest at attached attached attached at- at which coupons shall be signed with the printed facsimile signatures of the President and Clerk of the Board of or Education and the preparation of said printed facsimiles of said President and Clerk upon said coupons is hereby adopted by the Board as the authorized and j 4 authentic signing of said coupons by said officials Section 3 That said bonds and the coupons shall be in insubstantially substantially the following form f Form of Bond UNITED STATES OF f AMERICA STATE OF UTAH DAVIS COUNTY BOARD OF EDUCATION OF DAVIS COUNTY SCHOOL DISTRICT SCHOOL BUILDING BOND SERIES OF JUNE 1 1971 Number The Board of or Education of Davis County School District Davis County State of Utah hereby acknowledges itself to be indebted and for value received hereby promises to pay to the bearer hereof without without without with with- out option of prior redemption y the sum of Five Thousand lit Dollars on the first firstS S day of June 19 19 with interest interest interest in- in terest thereon at the rate of percent percent percent per annum from date until paid paya payable le De De- De- De cember 1 1971 and semi semi- semiannually semiannually annually thereafter on the first days of June and December December December De De- De- De cember of each year car said interest to maturity being payable only upon presentation and surrender of the appropriate appropriate appropriate ap ap- ap- ap interest coupons hereto attached Both principal and interest are payable in lawful money of the United States of America at First Security Bank of Utah N. 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A in Salt Lake City Utah This bond is one of an is issue issue issue is- is sue of bonds designated designated designated des des- Series June 1 1971 all of or said bonds being of like date and tenor except as to maturity and interest rate issued for the purpose of raising money for purchasing ing school sites for building or purchasing one or more school houses and supplying the same with furniture and necessary apparatus and for improving school property under under under un un- un- un der the charge of th the Board of Education and is issued under and pursuant to the provisions of the Constitution and laws of the State of Utah including particularly the Utah Municipal Bond Act Chapter 14 of Title 11 Utah Code Annotated 1953 having been authorized at an election election elec elec- tion held on March 16 1971 in said district by vote of the qualified electors of said district The Board of Education of Davis County School District covenants and is by law required required required re re- re- re to levy annually a sufficient sufficient sufficient suf suf- suf- suf tax to pay the interest on this bond as it falls due and also to constitute a sinking sinking sinking sink sink- ing fund for the payment of the principal thereof as the same falls due It is hereby certified recited recited recited re re- re- re cited and declared that all acts conditions and things essential to the validity of or orthis this bond exist have happened happened happened hap hap- and have been done and that every requirement of law affecting the issue hereof has been duly complied with and that this bond 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 bond according to its ter terms IN WITNESS WHEREOF the Board of Education of Davis County School District Davis Count 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 and has caused the facsimile of the corporate of pf said Board BoardE d Pf 1 o of E uca t Ion p pf Davis aYI Coun County oun ty School District to be printed print print- ed thereon and the annexed coupons to be signed with the facsimile signatures of its President and its Clerk which officials by the execution hereof here here- of do adopt as and for their own proper signatures their facsimile signatures appearing appearing appearing appear appear- ing On on n each of said coupons all as of the first day of June 1971 President Board of Education of Davis County School District Davis County Utah Attest Clerk Board of Education of Davis County School District Davis County Utah Facsimile Seal Form of Coupon Number Number- Number On the first day of of 19 19 the Board of Education Education Education Ed Ed- of Davis County School District Davis County Utah will pay to the bearer hereof at First Security Bank of Utah N. 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A Main at First South in Salt Lake City Utah the amount shown hereon here- here on in lawful money of the United States of America being the interest then due dueon dueon dueon on its School Building Bond Series June 1 1971 dated June 1 1971 and numbered Facsimile signature President Board of Education Attest Facsimile signature Clerk Board J of Education Section 4 That the President President President dent and the Clerk of the Board of Education are each hereby empowered and di directed directed directed di- di to sign and the Clerk to cause the seal of said board to b be affixed to each of or said bonds and the acts of said President and said Clerk Clerkin in so doing are and shall be bethe bethe bethe the act and deed of said Board of Education of or Davis County School District Davis County Utah The use of the facsimile signature of t the h e Pr President ident and the facsimile of the seal of the board on the face of the bonds is hereby authorized Section 5 That all covenants statements representations and agreements contained in said bonds and coupons and andall andall andall all recitals and representations in this resolution and order are arc hereby considered and understood and it is hereby resolved that all said covenants statements representations and agreements of said school district are the covenants statements representations and agreements of the Board of Education of Davis County School District Davis County Utah Section 6 That to pay the interest falling due on said 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 to pay the interest on said bonds and to pay and retire the same as hereinbefore hereinbefore hereinbefore here here- provided Said taxes when collected shall be applied applied applied ap ap- ap- ap plied solely for the purpose of the payment of said interest interest interest in in- terest on and principal of said bonds respectively and for forno forno forno no other purpose whatsoever until the indebtedness so contracted contracted contracted con con- under this resolution principal and interest shall have been fully paid satisfied and discharged but nothing herein contained shall be so construed as to prevent said district from applying any other funds that may be in inthe inthe inthe the district treasury and available available available avail avail- able for that purpose to the payment of said interest and principal as the same respectively respectively respectively re re- re- re mature and the levy or levies herein provided for may thereupon to that extent be diminished and the sums herein provided 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 in its annual budget budget budget bud bud- get and its statement and estimate as certified to the Board of County Commissioners in each year Principal or in interest interest interest in- in terest falling due at any time when there shall not be available from the proceeds of said levies money sufficient for the payment thereof shall to the extent of such deficiency deficiency deficiency be paid from other funds of the Board of Education Education Education Ed Ed- available for such purpose purpose purpose pur pur- pose and such other funds reimbursed when the proceeds of said levies become avail avail- able Section 7 That sealed bids shall be received for the purchase purchase purchase pur pur- chase of said bonds and that said bids shall be opened in public session of the board on April 27 ll 1971 at o o'clock o'clock o'clock o clock pm p.m. at the office of the Board of Education in the School Administration Center Center 45 East State Street Farmington Farmington Farm ington Utah Section 8 That the Clerk shall cause a notice of sale in substantially the following form to be published one time in The UThe Weekly Reflex a newspaper published in Kaysville Kaysville Kays- Kays ville yule Utah said publication to tobe tobe tobe be made not less than seven 7 days prior to the date of said sale |