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Show 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 option 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 empowered em-powered and directed to sign, and the Clerk to cause the facsimile 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 District, 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 recitals 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 indebted 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-, paya-, ble only upon presentation and surrender of the appropriate interest 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 callable calla-ble for redemption in inverse numerical order at the option of the Board of Education on March 15, 1984, and on any interest inter-est payment date thereafter, at the price of par and accrued interest to the date fixed for redemption plus a premium, expressed ex-pressed as a percentage of the principal amount of each bond so called for redemption, of two and one-half per cent (2'2) for each bond so called for redemption redemp-tion prior to maturity. Prior to the redemption of any of the bonds, at least thirty (30) days notice of any call for redemption redemp-tion shall be given by publication 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-ine pay-ine agent banks. RESOLUTION A RESOLUTION authorizing the issuance of $1,640,000 School Building Bonds, Series March 15, 1974, of the Board of Education 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 therewith. ther-ewith. WHEREAS at a special bond -election duly and lawfully called and held in Alpine School District, 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 supplying supply-ing the same with furniture and necessary apparatus, and for , improving school property under 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 October 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 Education Edu-cation of Alpine School District, ' Utah County, State of Utah : Section 1. That under authority 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 purpose pur-pose of raising money for purchasing pur-chasing school sites, for building build-ing or purchasing one or more schoolhouses, and supplying the same with furniture and necessary neces-sary apparatus, and for improving improv-ing school property under the charge of the Board of Education. Educa-tion. Section 2. That said bonds shall be known as "School Building Bonds, Series March 15, 1974," shall be in the denomination deno-mination of $5,000 each, numbered num-bered 1 to 328, inclusive, dated March 15, 1974, shall bear interest 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 maturity, 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-before provided. 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 discharged, dischar-ged, but nothing herein contained 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 respectively 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 Education Educa-tion in its annual budget and its statement and estimate as certified 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 resolution 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-Geneva Times, a newspaper of general circulation 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 provisions 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 supplying supply-ing the same with furniture and necessary apparatus, and for improving school property under 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 particularly 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 covenants 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 conditions 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 irrevocably 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 President Presi-dent and attested by its Clerk (the signature of said President being by facsimile) and has caused the facsimile of the corporate cor-porate seal of said Board of Education of Alpine School District Dis-trict to be imprinted hereon, and the annexed coupons to be signed with the facsimile signatures signa-tures of its President and its Clerk, which officials by the execution hereof do adopt as and for their own proper signatures signa-tures their facsimile signatures appearing on each of said coupons, 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 hereinafter her-einafter mentioned bond has been called for redemption and provision for the payment therof 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 callable call-able for redemDtion in inverse in-verse numerical oraer at the option of the Board of Education Educa-tion on March 15, 1984, and on any interest payment date thereafter, ther-eafter, at the price of par and accrued interest to the date fixed for redemption plus a premium, expressed as a percentage per-centage of the principal amount of each bond so called for redemption of two and one-half 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 money mon-ey of the United States of America 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 signature signa-ture of said President being facsimile), fac-simile), and shall have the facsimile fac-simile of the corporate seal of said board imprinted thereon and shall have coupons for interest 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 fac-similies fac-similies of said President and Clerk upon said bonds and coupons 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 substantially 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 |