OCR Text |
Show : Notice of bonds to be issued "i i NoTICE IS HEREBY h GIVEN pursuant to the ' provisions of Section 11-51 11-51 14-21 Utah Code Annotated, An-notated, (1953), as " amended, that on Dec. 13 1983, the City Council of American if. fork City, Utah County, 'Utah, (the "Issuer"), t accepted the offer of " prudential-Bache Securities, Sec-urities, Inc., Burrows Smith and Company :f Division of Salt Lake 3 city, Utah, to purchase ; $300,000 General J Obligation Health Care Bonds, Series 1984, (the 1 1 "Bonds"), at a price of f! 5-290,650, plus accrued y,: interest to the date of : delivery. i i The Bonds, pursuant ' to a resolution of the ),' City Council of the li'lj Issuer adopted on Dec. ;' 13, 1983, (the '6 "Resolution") are to be H issued for the purpose SV ot remodeling the old 1 hospital into a nursing home, and acquiring and installing equipment equip-ment and appurtenances ap-purtenances for said facilities; and other related improvements deemed necessary or important by the City Council, and for the payment of expenses reasonably incurred in connection with the authorization and issuance of the Bonds. The Bonds will bear interest at the following rates and will mature on Jan. 1 of each of the years and in the amounts as follows: Interest Year Amount Rate 1985 $20,000 7.00 1986 20,000 7.50 1987 25,000 8.00 1988 25,000 8.25 1989 30,000 8.50 1990 30,000 8.75 1991 35,000 9.00 1992 35,000 9.25 1993 40,000 9.50 1994 40,000 9.75 A copy of the Resolution is on file in the office of the City Recorder of the Issuer in American Fork, where it may be examined during regular business hours of the City Recorder from 8 a.m. to 5 p.m. for a period of at least thirty (30) days from and after the date of the publication of this notice. NOTICE IS FURTHER FUR-THER GIVEN that a period of thirty (30) days from and after the date of the publication of this notice is provided by law in which any person in interest shall have the right to contest the legality of the Resolution or the Bonds authorized thereby, or any provision made for the security and payment of the Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever. DATED this 13th day of December, 1983. s Robert Warnick City Recorder Published in the American Fork Citizen Dec. 21, 1983. |