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Show THURSDAY, JANUARY 17, 1974 PLEASANT GROVE REVIEW, PLEASANT GROVE, UTAH THURSDAY, JANUARY 17, 1974 f 1 jjg cation of Alpine School District, Utah County, Utah, will pay to the bearer hereof at Walker Bank & Trust Company in Salt Lake City, Utah, or, at the op-tion of the holder hereof, at in tne arount snbwn hereon in lawful money of the United States of America, being the interest then due on its School Building Bond, Series March 15, 1974, dated March 15. 1974, and numbered. .r,J...... . (Facsimile Signature) President, Board of Education Attest: (Facsimile Signature) Clerk, Board of Education Section 5. That the President and the Clerk of the Board of Education are each hereby em-powered and directed to sign, and the Clerk to cause the facsi-mile of the corporate seal of said Board to be imprinted 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 Alpine School Dis-trict, Utah County, Utah. The use of the facsimile signature of the President on the face of the bonds is hereby authorized. Section 6. That all covenants, statements, representations and agreements contained in said bonds and coupons, and all reci-tals and representations in this resolution and order, are 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 Alpine School District, Utah County, Utah. Number $5,000 The Board of Education of Alpine School District, Utah County, State of Utah, hereby acknowledges itself to be in-debted and for value received hereby promises to pay to the bea rer hereof the sum of Five Thousand Dollars ($5,000) on the fifteenth day of March, 19.., with interest thereon at the rate of per cent( ) per annum from the date until paid, payable March 15, 1975, and semiannually thereafter on the fifteenth days of March and September of each year, said interest to maturity being paya-- , ble only upon presentation and surrender of the appropriate in-terest coupons hereto attached. Both principal and interest are payable in lawful money of the United States of America at Walker Bank & Trust Company, in Salt Lake City, Utah, or, at the option of the holder hereof at in All of the bonds of the issue of which this bond is one are calla-ble for redemption in inverse numerical order at the option of the Board of Education on March 15, 1984, and on any inter-est payment date thereafter, at the price of par and accrued interest to the date fixed for redemption plus a premium, ex-pressed as a percentage of the principal amount of each bond so called for redemption, of two and one-ha- lf per cent (2'2) for each bond so called for redemp-tion prior to maturity. Prior to the redemption of any of the bonds, at least thirty (30) days notice of any call for redemp-tion shall be given by publica-tion of an appropriate notice one time in a financial newspaper or journal published in the City of New York, New York, and by registered mail sent to the pay-in- e agent banks. RESOLUTION A RESOLUTION authorizing the issuance of $1,640,000 School Building Bonds, Series March 15, 1974, of the Board of Educa-tion of Alpine School District, Utah County, Utah, providing for the levy of taxes to pay principal of and interest on said bonds, providing for the sale of said bonds, and making certain covenants in connection ther-ewith. WHEREAS at a special bond election duly and lawfully called and held in Alpine School Dis-trict, Utah County, Utah, on October 18, 1973, the issuance of $4,000,000 bonds was authorized for the purpose of raising money for purchasing school sites, for building or purchasing one or ; more schoolhouses and supply-ing the same with furniture and necessary apparatus, and for , improving school property und-er the charge of the Board of Education, the result of which election was declared by the v Board of Education, sitting as a ' - '. Board of Canvassers, on Octob-er 24, 1973; and , WHEREAS none of the bonds voted at said October 18, 1973, election have heretofore been issued and deliveredand it has been determined to authorize the issuance and sale of $1,640,000 of the voted $4,000,000 bonds at this time; NOW, THEREFORE, Be it Resolved by the Board of Edu-cation of Alpine School District, ' Utah County, State of Utah : Section 1. That under authori-ty of Chapter 14 of Title 11, Utah - Code Annotated, 1953, otherwise y: known as the Utah Municipal tr: Bond Act, there shall be issued by said Board bonds in the amount of $1,640,000 for the pur-pose of raising money for pur-chasing school sites, for build-ing or purchasing one or more schoolhouses, and supplying the same with furniture and neces-sary apparatus, and for improv-ing school property under the charge of the Board of Educa-tion. Section 2. That said bonds shall be known as "School Building Bonds, Series March 15, 1974," shall be in the deno-mination of $5,000 each, num-bered 1 to 328, inclusive, dated March 15, 1974, shall bear inter-est from their date until paid at such rate or rates not exceeding seven percent (7) per annum as shall be fixed by resolution to be adopted at the time the bonds are sold, said interest being payable March 15, 1975, and semiannually thereafter on March 15 and September 15 of each year, and shall fall due serially in numerical order on March 15 of each of the vears as Section 7. 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 matu-rity, there shall be levied on all taxable property in Alpine School District, 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 herein-befor- e provi-ded. Said taxes when collected shall be applied solely for the purpose of the payment of said interest on and principal of said bonds, respectively, and for no other purpose whatsoever until the indebtedness so contracted under this resolution, principal and interest, shall have been fully paid, satisfied and dischar-ged, but nothing herein con-tained shall be so contrued as to prevent said district from ap- - lying any other funds that may & e in the district treasury and available for that purpose to the payment of said interest and principal as the same respec-tively mature, and the levy or levies herein provided for may thereupon to that extent be dimished, 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 Educa-tion in its annual budget and its statement and estimate as certi-fied to the Board of County 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 payment tnereoi snail, 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 available. section 8. That said bonds shall be sold pursuant to resolu-tion to be hereafter adopted. The Treasurer of the Board of Education is hereby instructed to make delivery of such bonds to the purchasers therof as soon as may conveniently, be after the adoption of the resolution confirming sale and to receive payment therefor 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 9. That this resolution shall be published one time in the Orem-Genev- a Times, a newspaper of general circula-tion in Alpine School District, jind for a period of thirty (30) days after sucEpu51ication any' person in interest shall have the right to contest the legality of this resolution or of the bonds hereby authorized or any provi-sions made for the security and payment of such bonds. After such time no one shall have any cause of action to contest the regularity, formality or legality of this resolution or the bonds therein authorized for any cause whatever. Section 10. That all resolutions and orders or parts thereof in conflict with the provisions hereof are hereby repealed. Adopted and approved this 16th day of January, 1974. Harvy E. Smith President, Board of Education of Alpine School District, Utah County, Utah Attest: Kent J. Abel Clerk, Board of Education of Alpine School District, Utah County, Utah This bona is one of an issue of $1,640,000 bonds of like date and tenor, except as to maturity (and interest rate), issued for the purpose of raising money for purchasing school sites, for building or purchasing one or more schoolhouses and supply-ing the same with furniture and necessary apparatus, and for improving school property und-er the charge of the Board of Education and is issued under and pursuant to the provisions of the Constitution and laws of the State of Utah, including par-ticularly the Utah Municipal Bond Act, Chapter 14 of Title 11, Utah Code Annotated, 1953, after having been authorized at an election held on October 18, 1973, in said district by vote of the qualified electors of said district. The Board of Education of Alpine School District coven-ants and is by law required to levy annually a sufficient tax to pay the interest on this bond as it falls due and also to constitute a sinking fund for the payment Df the principal thereof as the same falls due. It is hereby certified, recited and declared that all acts condi-tions and things essential to the validity of this bond exist, have happened 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 and laws of said state, and that the full faith and credit of said Board of Education of Alpine School District are hereby irre-vocably pledged to the punctual payment of the principal of and interest on this bond according to its terms. I N WITNESS WHE R EOF,' the Board of Education of Alpine School District, Utah County, State of Utah, has caused this bond to be signed by its Presi-dent and attested by its Clerk (the signature of said President being by facsimile) and has caused the facsimile of the cor-porate seal of said Board of Education of Alpine School Dis-trict to be imprinted hereon, and the annexed coupons to be signed with the facsimile signa-tures of its President and its Clerk, which officials by the execution hereof do adopt as and for their own proper signa-tures their facsimile signatures appearing on each of said cou-pons, all as of the fifteenth day of March, 1974. (Facsimile Signature) President, Board of Education of Alpine School District, Utah County, Utah Attest: Clerk, Board of Education of Alpine School District, Utah County, Utah (FACSIMIIF .SEAL) (Form of Coupon) Number $ On the day of 19 , unless the her-einafter mentioned bond has been called for redemption and provision for the payment ther-of duly made, the Board of Edu-- follows: Bond Nos. Amount Year 1 to 200 $1,000,000 1986 201 to 328 640,000 1987 Said bonds shall be call-able for redemDtion in in-verse numerical oraer at the option of the Board of Educa-tion on March 15, 1984, and on any interest payment date ther-eafter, at the price of par and accrued interest to the date fixed for redemption plus a premium, expressed as a per-centage of the principal amount of each bond so called for redemption of two and one-ha- lf per cent (24) for each bond so called for redemption prior to maturity. At least thirty (30) days notice of the call for redemption shall be given by publication of an appropriate notice one time in a financial newspaper or journal published in the City of New York, New York, and by registered mail sent to the paying agent banks. Section 3. That both principal of and interest on said bonds shall be payable in lawful mon-ey of the United States of Amer-ica at Walker Bank & Trust Company in Salt Lake City, Utah, or, at the option of the holder at such bank or trust company in New York, New York, or Chicago, Illinois, to be hereafter named. Said bonds shall be signed by the President and attested by the Clerk of the Board of Education (the signa-ture of said President being fac-simile), and shall have the fac-simile of the corporate seal of said board imprinted thereon and shall have coupons for in-terest attached, which coupons shall be signed with the printed facsimile signatures of the President and Clerk of the Board of Education, and the preparation of said printed of said President and Clerk upon said bonds and cou-pons is hereby adopted by the Board as the authorized and authentic signing of said bonds and coupons by said officials. Section 4. That said bonds and the coupons shall be in substan-tially the following form: (Form of Bond) United States of America STATE OF UTAH UTAH COUNTY BOARD OF EDUCATION OF ALPINE SCHOOL DISTRICT SCHOOL BUILDING BOND, SERIES MARCH 15, 1974 'i - i : '" " ' ) 0 V , --J v"'' A I Af 'fZ MOTHER te 7 I F - '; ' 1 4-- , 111 k jraas . .. ' MARCH OF DIMES Beverly Christeson, Janet Wells, Dr. Charles Scott and Louise Murdock participated In klckoff luncheon last week for March of Dimes Fund drive. March of Dimes Kickoff Luncheon Held, Mothers to March Jan. 22-2- 3 Last Thursday the leaders of the 1974 March of Dimes drive held their kick-of- f luncheon in Lehi. Dr. Charles Scott, a PhD geneticist from the University of Utah Medical School was the speaker. He hold of the impor-tant work being done in gene-tic counseling of young couples for the prevention of birth de fective children. A film was shown of the things being done for these children and where our money is being used. In the University of Utah Medical Center, we do have an Intensive Newborn Care Cen-ter for birth defects that cov-ers the Intermountain area. At the Primary Childrens Hospit-al there is a center for evalu-ation and treatment of birth defects. The Mothers March is slated for Jan. 22 to 23 in Pleasant Grove under the direction of Mrs. Louise Murdock with Beverly Christeson of the Pleasant Grove and Janet Wells of the Timpanogos Stak-es. They urge everyone to give in the drive to help correct causes of birth defects. Remember, birth defects are forever, unless you help. Do your part, give to the March of Dimes on Jan. 22 and 23. Wrestlers Win Two last Week, A.F. Here Thursrday Last Thursday's Region VI wrestling match with Lehi was hard to believe, as the Vikings shut out the Pioneers 62-- 0 in a short one-ho- ur match. The Vikings gained eight pins in the whitewash and allowed Lehi just 10 individual match points. This was the school that took second to Pleasant Grove in the 1972 state meet. The JV match was the same story, P.G. 56 to Lehi 0. The Vikes did not lose one match the entire evening. Gaining pins were Tomlinson in the 100, Spencer, 107, Max-fiel- d, 114, Wright, 147, Hardy at 157, Fugal at 169, Nlelson at 185 and Roudabush in the unlimited. Decision winners were Fraz-ie- r, 124, Norton, 128, Chris-tense- n at 134 and Colton at 140. Vikes vs. Vlewmont Before 3,000 fans n the G. A. Smith Fieldhouse at BYU the Vikings tangled in a dual meet mach as a preliminary to the BYU-Orego- n State meet. By "Vikings" we mean both schools, P.G. and Viewmont. A good show put on with the Pleasant Grove Vikings com-ing out the winner 34-1- Results - Viewmont 100 Ostler V, dec. Tomlinson 107 Spencer PG pinned Burger 114 Maxfield, PG dec. Ander-son. 121 Frazier, PG dec. Hallman. 128 Norton, PG dec Vander-hage- l. 134 Christensen PG pinned Rayl. 140 Colton, PG pinned Cude 147 Hirschi, V dec. Wright 157 Hardy PG dec. Fleming 169 Fugal PG drew with John son of Viewmont. 187 Freestone V pinned Niel-so- n. Hvyt. Cox V dec. Roudabush. Tonight, Thursday, P.G. hosts American Fork in a Region VI match. AF soundly thumped Lehi and the Cavemen have some good big boys. Should be an exciting evening of wrest-lin- e. So says the VA... KujJ WSABIUTlgS HAVE PRIORITY FOR admission to va UMPrrtoA. of COURSE rrA disability! ft happened WHEN 1 MADE A 6RAB TTHI 4x.xr!i y tFur information, coniacl (he neoreil VA office icheck your phone bookl or wrile: Veierons Administration. 232X. 810 Vermont Ave.. NW. Washington. D C. 2020 District Governor Will Speak at P.G. Lions Club Henry Campbell, Governor of District 28-- A Lions Inter-national will be the guest of honor and speaker at the an-nual District Governors Night of the Pleasant Grove Lions Club. The affair is a ladies night to be held in the Sportsman and Lions community activity cen-ter located at Sixth -- East and Center, Saturday, January 19 at .7:30 p.m. -- - Stan" Johnson, President of th Pleasant Grove Lions Club will direct the meeting, which is being arranged by Lion George Smith. Several cabinet members of the district have been invited and are expected to be in at-tendance along with all mem-bers of the local club and their ladiets. Vikings Lose Two More in Region VI Basketball Pleasant Grove lost two more last week as Payson beat them Friday, 79-6- 0 and Springville dropped them on Saturday 73-5- 7 in the Region VI basketball race. This is proving to be a long season for coach Keith AUred. In the Payson game the Vik-ings shot 52 from the floor and 75 from the line but a second half performance by the Lions was remarkable. Payson broke a close game wide open by hitting over 60 of their shots in the second half. Colby Adamson scored 29 points against Payson and had 26 in the Springville game be-fore turning an ankle. Adam-so- n leads Region VI scorers through the first six games with a 27 point average. Springville lead by six at halftime and went on to win by 16. Food Storage Class Set For Lindon Community School A food storage class will be jointly sponsored by Lindon Community School and Brig-ha- m Young University Special Courses and Conferences. The class will be held from Jan. 17 to March 14 on Thursday even-ings, 7 to 9 p.m. A fee of $25 will be charg-ed for the course, and Barbara G. Salisbury as the instructor. The class will be concern-ed with the proper purchase, storage, and preparation of foods. Methods of primitive and modern storage and prep-aration will be studied. This class will provide an opportunity for the student to prepare and eat basic storage roods. Class periods are divid-ed into both lecture and lab periods. A LITTLE THERE, AND YOU WIND UP WITH A REAL BANKROLL-PROVIDE- D VOU BET ASIDE A LITTLE FROM EACH PAYCHECK AND USE IT TO BUY U.S. SAVINGS BONDS.' THAT'S THE THEORY BEHIND THE PAYROLL SAVINGS PLAN! REPORT OF CONDITION OF BANK OF PLEASANT GROVE OF PLEASANT GROVE IN THE STATE OF UTAH 84062 4T THE CLOSE OF BUSINESS ON DEC. 31, 1973 ASSETS Cash and due from banks (including $95,467.19 unposted debits) 1,605,444.96 U.S. Treasury securities 1,874,883.15 Obligations of other U.S. Govemmerit agencies and corporations 995,031.25 Obligations of States and political subdivisions 1,503,363.92 Other securities (including $none) corporate stocks) 203,854.09 Federal funds sold ond securities purchased under agree-ments to resell - 900,000.00 Other loans 9,634,583.30 Bank premises, furniture and fixtures, and other assets representing bank premises 173,680.69 Real estate owned other than bonk premises 389,163.86 Other assets - 18,130.29 TOTAL ASSETS - 17,298,135.51 LIABILITIES Demand deposits of Individuals, partnerships and corporations 5,259,776.35 Time and savings deposits of individuals, partnerships, and corporations 8,108,820.10 Deposits of United States Government 119,658.46 Deposits of States ond political subdivisions 1,786,198.58 Deposits of commercial banks 75,000.00 Certified and officers' checks, etc. 107,818.59 TOTAL DEPOSITS $15,457,272.08 (a) Totol demand deposits $ 5,968,358.57 (b) Total time and savings deposits $ 9,488,913.51 Other liabilities - 289,126.89 TOTAL LIABILITIES 15,746,398.97 MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES 52,000.00 RESERVES ON LOANS AND SECURITIES Reserves for bad debt losses on loans (set up pursuant to IRS rulings) 236,358.13 TOTAL RESERVES ON LOANS AND SECURITIES 236,358 CAPITAL ACCOUNTS Equity capital, total (sum of next 3 items below) 1,263,378.41 Common stock - total par value 1 00,000.00 Surplus , 700,000.00 (No. shares authorized 2,000) (No. shares outstanding 2,000) Undivided profits 463,378.41 TOTAL CAPITAL ACCOUNTS 1,263,378.41 TOTAL LIABILITIES, RESERVES & CAPITAL ACCOUNTS 17,298,135.51 MEMORANDA Average of total deposits for the 15 calendar days ending with coll date 15,257,001.00 Average of total loans for the 15 calendar days ending with call date 9,604,539.00 Unearned discount on Instalment loans Included In i copital accounts 175,526.89 I, Keith R. Anderson, Vice President & Cashier of the above named bonk, do solemnly swear that this report of condition Is true and correct, to the best of my knowledge and belief. KEITH R. ANDERSON STATE OF UTAH ) County of Utah ) is. Sworn to and subscribed before me this 7th day of Januory, 1974. HAL ALLEN, Notary Public Correct Attest: RICHARD WELLS CALVIN H. SWENSON KAY L JACOBS Directors STATE OF UTAH Department of Financial Institutions I, W. S. Brimhall, Commissioner of Financial Institutions, do hereby certify that the foregoing is a true ond correct copy of the statement of the obove named bank, filed in this office on January 10, 1974. W. S. BRIMHALL, Commissioner of Financial Institutlora Variety Club Met Jan. 9 with Merle Armitstead The Variety Club held its monthly meeting at the home of Merle Armitstead Wednes-day, Jan. 9. A delivious dinner was served and each member received a beautiful handker-chief as a favor. Elections were held for the coming year and Mary Swen-so- n is the new president. Vice president is Margret Kelley and Beth Warburton is secretary. Secret pals were revealed and thanks were given to the outgoing officers, Dorthy Wal-ker, Mary Harper and Ida Hal-lida- y. Other members present were Evelyn Schoonover, Thel-m- a Swenson, Ruby Warnick, Eva Reynolds. Cut Food Costs- - Grow Your Own Fruit with Stark Bro 's Trees Fruit trees, roses, shade trees and ornamentals. More than 400 varieties. Order NOW for Spring planting. Aaron C. Card 380 North 7th East Pleasant Grove-785-420- 0 Stark Bro's Nurseries 'Co., Louisiana, Missouri HOSPITAL NEWS Among babies born at the American Fork hospital during the past week were the follow-ing to parents fro mthe Pleas-ant Grove area. Jan. 7, a girl to William and Kathrine Lee Wright. Jan. 8, a girl to Don and Julia Martinez Green. Jan. 9, a boy to Jack and Laurel Bracken Daniels. |