| Show PROVIDING FOR THE 1 ISSUANCE AND SAIX 01 P SIXT ORDINANCE A AN N PAVING BONDS benub THOUSAND S STREET op OF THE CITY OF UTAH called and held in WHEREAS by the result of a special election duly april sexier of utah on wednesday wd state 0 sevier county richfield tho the city of empowered to issue and sell sixty baxt ath 1919 said city was authorized and street paving bonds thousand dollars declared by b the city K was election of said AND AND WHEREAS the result board of canvassers can sers by byest resolution 1 duly 5 council of said city sitting as a total which it appears apac rs that the h e to passed or on tho the I 1 alth I 1 th div day of april 1919 from and sale of said election in favor of t the 81 8 issuance 1 number of votes cast at said election at of votes cast said airl bonds wis was 5 and nd the total number of against sn the afe sanasi San issuance and sale of said bonds was 13 sia showing a majority and votes in favor of the issuance and sale of said ait oit bonds 1919 so council of said city on the ath day of may WHEREAS the city 0 abing the sale of all of said a id duly passed a resolution auth auing prizing and directing bonds to wit street paving cennith bonds and the WHEREAS pursuant to and in conformity con nith with said resolution said bonds were 6 offered for dT sale and bond and mort so SS 1919 the palmer WHEREAS on the ath S day of ofay and accrued bonds their par value id for said gage company date of delivery with a jum of interest from date of bonds to to the ays 2 which bid was lh resolution e highest duly best accepted and mos st by advantageous said city council city and NOW JOW which THEREFORE bid was by BE IT ORDAINED by the city council of richeld field city sevier county c t y utah of the edier alu defraying the cites portion son section 1 that T h for f 0 r the purpose of the paving improving streets of the city of richfield by the public cost of improving for provided in the manner limits of said city within the of certain streets march ath 1919 ng council on the city ordinance ardi nance passed by in an of submitting to the election for the purpose for and ordering a special of incurring a of richfield the question of said city electors bonded qualified indebtedness to the said amount of 00 richfield city does each bonds of the denomination of paving issue be denominated GO both inclusive to from 1 to consecutively numbered Ss 1919 and to become 1st ast sold paving bonds to be dated august richfield city y without option of prior after date fifteen years due and payable I 1 jio WA payment them shall be in substantially the fo following luing said 3 bonds and each of form to wit UNITED STATES OP OF AMERICA STATE OF UTAH CITY OP OF RICHFIELD PAVING BOND no KNOW ALL MEN BY THESE PRESENTS oF Sevier and state of THAT the cita of richfield Richtie ld in the county hereby acknowledges itself to be indebted and for value received utah the bearer hereof the sum of one thousand hereby hereby promises to pay to of america on states of the united dollars 1 00 in lawful money without option of prior payment at 1934 the first day of august A D the national national city bank in the city of new york with interest thereon irom from date until paid at the rate of six 6 per cent per annum payable semiannually semi annually in like money on the first days of february and august in each year said interest to m maturity being repress represented anted by interest coupons hereto attached this bond bon is one of a series of sixty GO 60 bonds of like tenor date and amount numbered from I 1 to 60 both inclusive and known as richfield city paving bonds amounting in the aggregate to and is issued for the purpose of acquiring funds to be used for the purpose of of defraying the cites portion of the cost of paying paving and improving the public streets of said city and is issued under and pursuant to the of sections and compiled laws of utah 1917 and an ordinance passed by the city council of the city of richfield and as authorized by the electors of said city at a special election held for that purpose in said city on april ath 1919 i the city council of said city shall annually levy a tax sufficient to pay the interest on this bond as it falls due and also to constitute a sinking fund for the payment of the principal when due it is hereby certified recited and declared that all conditions acts and things essential to the validity of this bond exist have happe happened ired and have been done and that every requirement of law affecting the issue thereof 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 the full faith and credit and all taxable property within the limits of said city of richfield as constituted at the time of issuance hereof are and shall continue to be pledged to the punctual payment of the principal and interest of this bond IN WITNESS WHEREOF the city of richfield Richtie ld has caused this bond to be signed by its mayor and city treasurer and its corporate seal to be affixed hereto attested by its city recorder and the annexed coupons to bear the facsimile fac simile signature of the city treasurer as of the first day of august A D 1919 rt N G C POULSON attest mayor LIZZIE HANSEN OLENA city recorder city treasurer seal 1 to each of said bonds shall be attached a coupon for each installment of interest contemplated by said bond which said coupon shall be numbered consecutively beginning with nto no 1 with the several dates of payment and number of bond and shall bear the facsimile fac simile signature of the city treasurer said coupons and each of them except as to dates of payment and number shall be in substantially the following form to wit FORM OF COUPON no february on august 1st ast 19 the city of richfield utah will pay to be bearer 1 at the national city bank in the city ot new york new york the sum of thirty dollars in lawful money of the united states of america being six months interest on oil its paving bond dated august ast 1st 1919 city treasurer there shall be endorsed on each of said bonds the following 1 I hereby certify that this bond is within the lawful debt limit of the city of richfield utah and is issued according to law city recorder and ex officio city auditor said bonds and each of them shall be signed by the mayor and city treasurer and attested by the city recorder and sealed with the seal of said city and the said coupons shall bear the fac facsimile simile signature of the city treasurer the mayor and city treasurer of said city are each hereby empowered and directed to sign the city recorder of of said city to sign and attest and affix the seal of the ci city ty to each of said bonds and the acts of said mayor city treasurer and city recorder in so doing are and shall be the act and deed of the city of richfield utah all the covenants statements representations and agreements contained in said bonds and coupons and all recitals and representations of this ordinance are hereby considered and understood and it is hereby ordered and declared that said coNe covenants nants and promises therein are the covenants and promises of the city or of richfield Richtie ld and that the representations and statements therein are the cepres representations and state statements ments of said city and it is further stated and represented that the city of richfield is a municipal corporation and a city of the third class under the constitution and laws of the state of utan utah section 2 AND IT IS FURTHER ORDAINED that all ordinances and resolutions or parts of ordinances and resolutions in conflict with the provisions hereof be and the same are hereby repealed and after said bonds bond are issued this ordinance shall be and remain kirrepe afable until said iid bonds and the interest thereon shall have been fully paid s satisfied atis fied and discharged ats as herein provided section 3 AND IT IS FURTHER ORDAINED that the interest falling due on said bonds on the first day of february 1920 and the first day of august 1920 shall be P ald id out of the general fund of said city aud for the of reimbursing sala saia general fund for said interest and to meet the interest accruing on oil sad bonds on oil the first lay dav of february A D 1921 19 1 I ind and on the first day of august A D 1921 promptly and as the same becomes become s due and for the purpose of creating a sinking fund for the ultimate redemption demp tion of aid bonds 5 there shall be levied by the city council of the city of RU Wel ifield on n all ta taxable able property pio perty in said city chiy in addition to all other taxes a direct annual t tax ax in the year 1920 sufficient to produce the sum of fifteen thousand two hundred dollars being seven thousand two hundred dollars fo for r interest ani and I 1 eight thousand dollars for principal and to meet the interest acaru accruing ing on said bonds thereafter promptly and as tho the same sam becomes due and also for the purpose of creating a sinking fund for the ultimate redemption de demp tion of said id bonds there shall be ivied by tile the city crancil of the city of richfield on all taxably property in said richfield city in addition to all other taxes a direct annual tax in each of th jhc thc e years 1921 to 1933 inclusive sufficient to produce tile the sum of seven thousand six hundred dollars being three thousand and six Hun hundred drell dollars for interest and four thousand dollars for principal said taxes when collected shall be applied solely for the purpose ol oi the payment of said interest and principal of said bonds respectively and for no other purpose whatever until the indebtedness edner s so contracted under this ordinance and resolution prin principal princia cip al and interest shall have been full paid satisfied and discharged but nothing herein conta contained ned shall be r sc c construed as to prevent said city from applying any other funds that m mas aa be in the city treasury and available for that 1 purpose to the payment 0 said interest and principal as the same respectively mature and the levi or levies herein provided for may thereupon to that extent be diminished and the sums herein provided provide d for to meet the interest on said bonds anc an to discharge the principal thereof when due are hereby appropriated toi foi continued on page three continued from page two that purpose and said amount for each year shall also be included in the a annual appropriation bills passed by the city council in each year respectively section 4 tho the salo sale of said paving bonds consisting 0 of bonds numbered from 1 to GO 60 both inclusive to the palmer bond and mortgage company a corporation of the state of utah and the action of 0 the city council in accepting its bid and all acts and proceedings pertaining thereto are hereby considered and aro are hereby ratified and conf confirmed irined and tho the city treasurer is hereby authorized instructed and directed to deliver said bonds when properly executed to said palmer bond and morti gage company on receipt of the purchase price to wit the sum of I 1 sixty thousand dollars together with accrued interest thereon at the rate of six 6 per cent per annum anburn from the date of said bonds to date of delivery together with a premium of two thousand four hundred dollars section 5 AND WHEREAS it is necessary tor for the immediato preservation of the peace health and safety of said city of richfield clifield Ri that tho the IV proceeds of these bonds bo be available immediately for the purpose herein set forth NOW THEREFORE it is ordained that an Is I 1 hereby declared and that this ordinance shall be in force and take effect one day after its passage approval and publication Pa sd bv ay the city C ity council PC of richfield Richtie ld city this day ot of august A D 1919 N C POULSON attest maor or LIZZIE HANSEN city recorder councilmen voting aye P C HANSEN H ngen georgr GEORGE PETERSON J L councilmen voting no none councilmen absent C P christensen JONATHAN LLOYD 1 I lizzie hansen city recorder of the city ot of richfield utah do hereby certify that the forre going is a full true and correct copy of the ordinance entitled an ordinance providing for the issuance and sale of sixty thousand dollars street paving bonds of the city of richfield utah and that the same was duly passed by the city council and approved by the mayor of tho the city of richfield on the day of august A D 1919 witness my hand and the corporate seal of the city of richfield this day of august A D 1919 LIZZIE HANSEN seal city recorder of city of richfield 8 23 2223 |
