Show AN ORDINANCE I 1 an ordinance contracting an Indebted indebtedness nem on behalf of the city of richfield utah and upon the credit thereof by issuing the coupon bonds of said city in the aggregate amount of for the purpose of supplying such city with sewers to be owned and controlled by the municipality prescribing the form of said bonds and providing for the levy of d a tax upon all of the taxable property within the said city sufficient to pay the interest on and to extinguish the principal of such debt WHEREAS in full conformity with the constitution and laws of the state of utah and the ordinances rules and orders of the city of richfield in the county of sevier and state of utah the qualified electors of the city have heretofore authorized the city council to issue negotiate and sell the bonds of the said city of richfield to lo an amount aggregating the principal sum of for the purpose of raising money to install a sewerage system and supplying P such city with sewers to be owned and controlled by the mun municipality ic and WHEREAS the city council of said city now deem it expedient pedie 1 ht and necessary to proceed with the construction of such gewe sewerage rage system for the purpose aforesaid and for such purpose to contract the necessary indebtedness on behalf of the city and upon the credit thereof by issuing the negotiable coupon bonds ot of the city in the said amount of NOW THEREFORE be it ordained by the city council of the city of richfield in the county of sevier and state of utah section 1 that a system of sewers to be owned and controlled by the city be construct edby the city council of the city ol of richfield of such capacity extent and magnitude as to said city council may seem necessary for the needs of the inhabitants of said city 11 section 2 that for the purpose of providing t funds for the construction of such sewerage system the city shall issue its negotiable goti able coupon bonds in the a greate aggregate 9 gre 1 ate amount of consisting of twenty five bonds in the denomination of 1000 each payable in gold old coin of the united states of america of or equal to the present standard of weight and fineness and bearing interest from and after the first day of october A A 1915 at the rate of five per cent per annum payable in like medium semiannually on the first day of april and the first day of october in each year as evidenced by coupons attached to said bonds said bonds shall be numbered in regular and consecutive order commencing with number 1 and shall be absolutely due and payable in the order of their number on the first day of october A D 1935 said bonds and the coupons attached thereto shall be payable at the office of the treasurer of the city of richfield or at the banking house of kountze brothers in the city of new york U S A at tile the option of the holder said bonds shall bear date the first day of october A D 1915 shall be signed z by the mayor of said city attested by the city recorder under the seal of said city countersigned counter signed by the city treasurer and shall be registered r in a book kept for that purpose b by y said city recorder and the city recorder shall endorse upon each of said bonds the certificate required by section 1 16 of the compiled laws of utah 1907 all coupons shall bear the facsimile fac simile signature si of the city treasurer of said city and as thus executed shall be the binding obligations t of the city for the interest evidenced thereby section 3 said bonds and the coupons thereto attached shall be in substantially the following form form of bond UNITED STATES OF Ai AMERICA MERICA STATE OP OF UTAH dounty COUNTY OP OF SEIVER CITY OF RICHFIELD RICHFIELD SEWER BOND series of october october 1 1915 no I 1 Sl 00 11 the city of richfield in the county of sevier and state of utah hereby acknowledges itself to be indebted and hereby promises to pay to bearer the sum of one thousand dollars in gold coin of the united states of america of or equal to the present standard of weight t and fineness for value received on the first day of october 1935 with interest thereon at the rate of five per per annum payable in like medium semian semi an dually on the first day of april and the first day of october in each year upon presentation of the annexed coupons and this bond as they severally become due both principal and interest being payable at the office of the treasurer of said city in the city of richfield or at the banking house of kountze brothers in the city of new york U S A at the option of the holder bolder this bond is issued by the city council odthe city of richfield for the purpose of supplying such city with sewers to bbown ed and controlled by the municipality under the authority of and in full conformity with the constitution of the state of utah the provisions of chapter 24 of title 13 of the compiled laws of utah 1907 and all amendatory and supplemental acts thereto and in full conformity with the provisions of all other laws of the state of utah thereunto enabling t and in of an ordinance of said city duly adopted published and made a law of the city prior to io the issuance of this bond and it is hereby certified and recited that the alie question of the issue issue of this bond was prior to the iss issue ae thereof duly submitted to the qualified electors of the city at an election held therein on the day of july A D 1915 at which election a majority of the qualified electors voting on the question voted in favor of incurring such indebted enss ns s and it is further hereby recited and certified that all the requirements quire ments of law have been fully complied with by the proper officers of said city in the issue of this bond and that the total debt of said city including that of this bond does not exceed any limit of indebtedness prescribed by the constitution or laws of the th state eState of utah and that thai provision has been made for the levy an and collection of an annul tax upon all taxable property within such city sufficient to pay the interest on and to extinguish tile the principal of this bond when the same becomes due the faith and credit of the city of rich Richfield field are hereby pled pledged r ea for the punctual payment of the principal ail and d interest of this this bond IN TESTIMONY WHEREOF the city council of the city of richfield has caused this bond to be signed by the afie mayor of said city attested by the recorder thereof u under the seal ot tile the city and countersigned counter signed by its treasurer as as of the first day of october A D 1915 i GUY LEWIS mayor may or attest h V V ANNIE 1 IL 11 1 BE BEAN AN city re recorders lc order derl i al countersigned Counter signed JENNIE A ISAACSON city Tra treasurer surer seal form of coupon no 25 2500 00 op on the ifie first day clay of april 0 october 19 the city of richfield sevier county utah vill pay tile the bearer twenty tive live dollars in gold coin of the United states of America of or equal to the present standard of weight and fineness at tb the office of the city treasurer in richfield etab utah or at the bankW banff house ouse of kuntze brothers in the city of ne new iv york U S A at the option of the holder being ti six months interest then due on oil richfield sewer bonds series 0 of f october 1915 noy no CITY RECORD RECORDERS ut RS certificate I 1 hereby certify that tile within bond is issued ac according cordin to law and is within the lawful debt of the city of richfield utah I 1 I 1 1 IN WITNESS V S WHEREOF i have hae hereunto subscribed su b scrib d my name as city recorder of ot of and af affixed fixed the seal saal of said city at richfield el d TJ utah tall d day a of A V D 1915 wf w f fr seal d pa fac ac simile si signature rna ture city treasurer section 4 t said bonds when executed and paid for A 0 W g shall be delivered to the purchaser thereof and said bonds and the funds raised thereby shall be applied solely for the purpose described in said bonds but the purchaser thereof shall in no manner be responsible for the application or dis disposal poal by said city or any of its officers of any of the funds derived from the sale of said bonds section 5 that the interest due on said bonds on the first day of april 1916 and the first day of october 1916 shall be paid out of the general beneral fund of said city and for the purpose of reimbursing said general fund for the amount of interest so taken from it and to provide the necessary funds to pay the interest on said bonds atter alter oct 1st ast 1916 as the same becomes due and to redeem the said bonds when tile the same shall mature there shall be levied upon all taxable property in said city in addition to all other taxes the following it direct annual tax to wit in the year 1916 a tax sufficient to produce the sum of two thousand five hundred dollars for interest sin each of the years 1917 to 1923 inclusive a tax sufficient to produce the sum of twelve hundred fifty dollars 1250 for interest in each of the years 1924 to 1933 inclusive a tax sufficient to produce tile the sum of three thousand seven hundred fifty dollars being it 1250 for interest and 2500 for principal princia al in the year 1931 1934 1 a tax sufficient to produce the sum of twelve hundred fifty dollars 1250 for interest and said taxes when collected shall be applied solely for the purpose of paying Z the said interest and the principal of said bonds respectively and for no other purpose whatever until the indebtedness contracted under this ordinance shall have been fully paid satisfied and dischar disc discharged bar red but kotbin nothing herein contained shall be so construed as to prevent said city from applying any other funds which may be in the city treasury and available available for the payment of said interest and principal the sums hereinbefore provided to meet tile the interest on said bonds and to discharge the principal thereof when due are hereby appropriated for that purpose section 6 it shall be the duty of the city council of said city annually and at the time and in the manner provided by law for levying Z other city taxes to include the taxes herein provided for in its general t lev levy y of taxes for such year and certify the same to the county audi auditor tor of the county of sevier bandsuch taxes when bem collected shall be kept for and applied only to the payment of the interest and principal of said bonds as hereinbefore specified section 7 the city recorder shall make and keep a list of the bonds issued under this ordinance showing the facts required by statute section 8 the bonds issued under this ordinance shall be exempt from taxation by the city of richfield section 9 all ordinances and parts of ordinances of the city of richfield in conflict with this ordinance are hereby repealed section 10 this ordinance shall be and remain until said bonds and the interest thereon shall have been fully paid satisfied and discharged as herein provided section 11 this ordinance immediately upon its p passage lasare shall be deposited in the office of the city recorder recorded in in tile the book of ordinances of said city kept for that purpose authenticated b by y the mayor of said city attested by the city recorder and approved by the said mayor and shall be published in tile the richa richfield beld reaper a newspaper polished puli shed and of general g t circulation in the said city and shall take effect and be in force upon upuia publication passed and approved by the city council this day of september A D 1915 city seal GUY LEWIS mayor attest A NNIE ANNIE H DEAN BEAN city recorder approved this lay day of september A D 1915 GUY LEWIS mayor councilmen voting AYE W H G W bloomquist G W coons arthur henrie J A jessen councilmen Council nien voting NO none councilmen councilman absent none STATE OF UTAH COUNTY OF SEVIER SS CITY OF RICI RICH IFIELD FIELD 1 I annie H be bein bean in city recorder of the city of richfield utah do hereby certify that the above and fore foregoing goin 9 is a fu full t true r ue and c correct orre t copy of an ordinance entitled an ordinance contracting an all indebtedness on behalf of the city of richfield utah and upon tile the credit thereof by issuing the coupon bands of said city in the aggregate amount of 25 for tile the purpose o of f supplying such city with sewers to be bc owned and trolled strolled by the municipality prescribing the form of said bonds ani and con for levy of a tax upon all of the taxable property providing slid saul city sufficient to py the interest on ani and to extinguish tile the prin princia cip ml il of kiich anch debt passed by the city council of the city of richfield utah sa aniber 1915 as appears a of my ohice office IN WITNESS WHEREOF I 1 have hereunto set my hand and affixed the corporate seal of the said city this day of september 1915 i ANNIE ff BEAN city recorder |