Show ORDINANCE NO an ordinance authorizing the issuance of interest bearing coupon bonds of the city ot of roosevelt utah in the sum 01 of for the purpose of purchasing the works and system of the roosevelt water works company a corporation po ration and improving and extending the same and levying ing a special tax to provide for interest and create a sinking fund for th came section 1 the City Council of the pity city of 0 roosevelt utah is hereby authorized to issue and shall issue interest bearing coupon bonds of the said city in the sum of twelve thousand five fil ve hundred dollars to ba dated july 1916 in denominations of five hundred dollars each and bearing interest at 6 per cent per annum interest payable semiannually semi annually both principal and interest payable at the roosevelt banking company roosevelt utah the said bonds shall be due and payable at the option of said city ten years after their date and absolute absolutely lv due and payable twenty years after their date the money provided by the sale of the said worth of bonds shall be used by i he city of roosevelt forthe purposes of purchasing the works and system of the roosevelt waterworks Water works company and improving and extending the same in pursuance of authority given the said city by the qualified taxpaying electors thereof at a special election held in fit the said city on the day of february 1916 at which election the question of issuing the said bonds was submitted to the vote of the said electors sec 2 the city council of the said city of roosevelt shall during the month of july of each year until said lends are paid in full levy according to law a special tax lax on all the real and personal property made taxable by law within the limits of the said city sufficient to pay the interest on said bonds as it becomes due and create a sinking fund to pay the principal on said bonds when they become due sec seca 3 A special especial tax of 3 mills on every dollar of assessed valuation of property both real and personal within the limits of the city of roosevelt utah and made taxable by law is hereby levied for tho the year 1916 to provide money for the payment of the interest on said bonds tor forone one year from july 1916 and to create a sinking fund for the said bonds this ordinance shall take effect upon its approval and due publication in the roosevelt standard a weekly newspaper passed and aird approve approved 4 by the city ca council uncil of the city of 0 roosevelt this day of july 1916 0 11 BRACKEN attest mayor 1 0 KINQ seal city recorder |