OCR Text |
Show Notice of bonds to be issued NOTICE IS HEREBY GIVEN pursuant to the provisions of Section 11-14-21, Utah Code Annotated An-notated (1953), as amended, that on Oct. 5, 1988, the City Council of Lindon City, Utah County, Utah, adopted a resolution authorizing and providing for the issuance of its General Obligation Construction and Refunding Water Bonds, Series 1988, in an aggregate principal amount not to exceed $360,000. Said Bonds are to be issued pursuant to the Utah Municipal Bond Act, Utah Code Annotated, Section 11-14-1, et seq., 1953 as amended, for the refunding of certain outstanding bonds of the City and to finance certain improvements in the City's water system. The Lindon City Council may sell the Bonds at a price not less than 97.5 of the principal amount thereof plus accrued interest to the date of delivery. The Bonds are to be issued in fully registered form. The Bonds shall be dated as of Oct. 1, 1988, shall bear interest at the rate or rates not greater than 9.75 per annum, with interest payable in semiannual installments in-stallments on each May 1 and November 1, the first payment to be due May 1, 1989, and shall be subject to redemption redemp-tion prior to maturity as set forth in the Indenture. In-denture. The Bonds shall mature prior to Nov. 1, 2000. A copy of the resolution adopted on Oct. 5, 1988, by the City Council authorizing the issuance of the above-described above-described General obligation Construe and Refunding it-Bonds, it-Bonds, Series ! together with copiK ; other docume: 1 connected with Bonds, are on tile it's office of the cr Recorder ot Si -municipality, : they may be examirp during regular b: hours of the ft. Recorder from si a.m. to 5:00 p.m. Resolution and ofe related documents i' be available lor -spection for a penal j at least thirty HOifc from and after the fc of the publication notice. Dated this 5th day v October, 1988. E.Ray Bra.: City Record? Published in it. Pleasant Grove Rra Oct. 12, 1988. |