Show OR ORDINANCE D NO an ali ordinance creating an indell dess d ess in behalf ot of tho the city of noose ell utah lud aud upon tile credit there of by issuing tile lle negotiable corpor bolias of mid city in III the amount 0 treaty five thousand dollars to fo j the purpose ot of securing a permanent and adequate water supply tor for the city of 0 roosevelt and extending and improving the present municipal water vater system said bald system to be owned and controlled by the munt muni ci cip allty prescribing the form of said be bonds rids and providing for the levy of a tax on all the taxable property within said city sufficient to pay the interest and to extinguish the principal of such euch debt whereas in full conformity with the constitution and the laws of the state of utah and ordinances of the city ol of roosevelt atall utah ind and the ju electors ot of said city having authorized the city council to secure i permanent and adequate water supply for the city of roosevelt ind to extend and improve the present municipal water system said system to be owned and controlled by the municipality and for the of supplying said city with water vater as aforesaid have likewise the city council to contract indebtedness on behalf of said ily and on the credit thereof in the sam sum of twenty five thousand dollars for the purposes aforesaid and whereas the city council of slid said city deem it expedient to secure a 21 more permanent and ade cuate water vater supply and proceed with the extension and improvement of the pres nt water works system for the purposes aforesaid and the benefits of said water system being equal in said aid city likewise deem it expedient ind arid necessary to contract the necessary indebtedness on behalf of said ity and the credit thereof by bissu sana rig ng the negotiable coupon pond bonds of th the said city in the sum of 26 25 therefore BE IT ORDAINED BY THE CIT aitt COUNCIL OP OF THE CITY OF poosevelt IN THE COUNTY OF DUCHESNE STATE OF UTAH see sec 1 that the city of roose elt utah secure a permanent and water supply for the present nt water works system and extend ind improve the present system to lucli an all extent and to such capacity a to the said city council may ap ear necessary for the needs of the inhabitants of the eaid city and hat said system be owned and con rolled uy by the said city see sac 2 that tor for the purpose of se arang aring said water supply and extending 1 and improving such water works borka system the said city shall issue its legot lable interest bearing coupon ands in the aggregate amount of twenty F five ive thousand dollar consisting of fifty ands in the denomination of five blundred dollars each payable in I 1 awful money of the united states ind and bearing interest from and after he first day of july 1918 at tile the ate of silt sl per annum afable semiannually on the first lays of july arid and january in eacel bac ear and evidenced by coupons at ached to said bonds said bonds hall be numbered in regular and consecutive order commencing with lumber one and shall be absolutely aue and payable in order of thel the umber on the first day ot of july A D with the reserved right and privilege lege to redeem said bonds at the option of said city on or after the arst day ot of july A D 1928 said londs bonds and the coupons attached hereto shall be payable at the roosevelt banking company in the city if j roosevelt utah and said bonds hall bear date the first day of july 1918 and shall be signed by the mayor of said city attested by the ity recorder under seal ot of said city ind countersigned counter signed by the city measurer rea surer and shall be registered in i 1 book kept for that purpose by the city recorder and said recorder shall hil indorse lorse on each of said bonds the certificate required by section of the compiled laws of utah 1007 1907 ill all coupons shall bear the tac fac i signature ig nature of tle the city treasurer and is as thus executed shall be the binding obligations ot of the said city for the I terest evidenced thereby see sec 3 the said bonds and coupons attached thereto shall be in substantially the following form FORM OP OF BOND UNITED STATES OF AMERICA STATE OF UTAH COUNTY OF DUCHESNE CITY OF ROOSEVELT ROOSEVELT waterworks WATER WORKS BOND series of july ast 1st 1913 no the city of roosevelt in the county of Duch duches esue ie state of utah hereby acknowledges itself to be filden I 1 e d 1 and hereby promises to pay to apar for aali lale e received five hundred in lawful money of tile lied stites sties or of aire anieca Ai ieca ca on tle arst y of J aly ay iy A D 19 18 with filter it thereon it at tile the late of six ter i er citrin annam payable sami deml in i rally tilly on the first days or 0 july d jannary in eich each year uron upon pre TI nt atlon tation of the annoyed annexed coupons 1 d I this bond boad as they severally seve raly hc be mc ial and inter interest cst paye oe fit at the Kooy evelt Baul bauldin bankins fin coni com nv liv elt lt butali the city of 0 roosevelt reserves tile the right lio however wever to pay and redeem this bond at any time before let ore tie tae maturity thereof after tin tilt IM day dar of july 1928 this his bond la is issued liy by tile the lilt 0 of f tile the city of Roo roosevilt sevOt fol 01 jile jie purpose ot of securing a perm permon ner arl I 1 ind adequate water supply cor CO tile the cita ct of roosevelt and extending ind and improving tile the present a I 1 aster system said system to ic 10 1 0 own ei 1 and controlled by tile ty ry under authority and in III full wv with the constitution of 3 the r late ot of utah the ali e provisions of twenty four title thirteen of 01 the compiled laws of utah 1807 1907 and all amendatory arrien batory and supplement sup tal acts thereto hereto and in full con with all other laws of the state of utah thereunto ther cunto pertaining and in pursuance of an ordinance ot of said city cit y duly adopted and made a law of said city ariot to the iss issuance of this bond and 11 1 s hereby certified arid and recited that the question of 0 the iss issuance bance of bond was prior to the issue lo 10 sue thereof thee ot duly submitted to the qualified elec tors thereof of said city at an elec ion held therein on the ath day 0 ol 01 april 1918 at which election a ma arity bority of the qualified electors there ot of voting on the question voted in avor of incurring such indebted less and the requirements require menti ot of thi th law have been fully complied compiled ditl ay y the proper officers of said city IL the issue of this bond and that the total debt of said city including thai tha of tills this bond does not exceed an ana limit of indebtedness prescribed b ba the constitution and the laws of the state of utah and that provision ha been made tor for the levy and collect collection iol of an annual tax upon all taxable property within such city sufficient cien clen to lo pay the interest on and extinguish the principal of this bond when th the same becomes due the faith and credit of the cil of roosevelt are hereby pledged fol fo the punctual payment of the lal and interest of this bond IN TESTIMONY WHEREOF the city council of the cay of roo roosevelt evelt utah has carded this bond to be sign ed by the mayor of said city atte y the recorder thereof under set se at f said city and counter countersigned signed by it i measurer rea surer as of the first day of jul 1 D 1918 mayo mutest city recorder Re cordei countersigned Counter signed city treasurer SEAL foill 11 OF COUPON 10 lo 40 on the first day of january A D 1919 the city of roosevelt du DJ besne co inta state of utah wil ay the learer fifteen dollars ii lawful mo ey of the united states 0 knierem Am kni erpa erea at the rodsevelt Roc sevelt Ban liin company kompany om pany rossevelt sevelt utah being si months interest on roose elt wate ond series ot of july 1st ast 1918 city treasurer FORM OF certificate INDOR ED ON BOND I 1 hereby certify that the ond Is issued accord according ng to law an in 3 within the lawful debt limit of the th nty city ot of roosevelt utah in witness whereof I 1 have hercun 0 subscribed my name as city re order of the city of roosevelt an am fluxed the seal 0 of said city at tin city ity of roosvelt this day 0 1918 SEAL city recorded Re cordei dej see sec 4 that the said bonds ahei executed shall be delivered to th yur ur chaser eliaser thereof and said bond and the funds raised thereby shall hall z lie be applied solely for the purpose de dac bribed in said bonds but the pur chaser thereof shall in no way be re for the application or di ii osil osal by paid fald city or any officer there of of any of the funds derived tron the sale of said bonds see sec 5 that in order to meet aoi an furnish funds to pay the interest on oil said bonds on oil thi first day of january A I 1 D 1919 and the first day of july A D 1919 there shall be levied in tin year 1918 on all the taxable in said city in addition to all otlie taxes a direct annual tax sufficient cien 0 to o produce the sum of oe ired dred dollars that ill n fund shall be ere created cited until flie file year 1928 that in order to r ir I 1 the he necessary funds with which if 1 ay I 1 the he interest due due january alst 1st 1920 20 arid and aily lit 1920 and there after and up to and including ilg jal itt k 1928 as the same ir ac cries there lie levied in evier if f the lie years 1910 1919 to IQ 1927 in clusin an TI all 11 of tile the taxable aror ety in baill arii ity in rd dilion dilon to all other taxes r t direct annual tax lax to pro dree the sum ot of dollars 1500 1500 oo 00 in each feir an all m aid tanes alien collected collect eJ shall lif bc al alabed Aled solely to the hie payment of the interest on slid bonds and for ill nr other puarose puri oso whatever and in III order to raise the necessary cesary no funds to ay tile the interest accruing on oil dij ul ands bonds january y let 1999 baat 9 aliat liat st 1929 and thereafter I 1 11 I 1 ac luding july let 8 up to urro e of creating and also I 1 r or 1 p i sinking fund to cota pay rayo 1 ho principal of 0 said bonds bond one 4 naj V hereafter he lie reafer there shall euh bo be ih levi ears cars 1928 to 7 n ea elgh e lie he taxable property ii i 1 d d I 1 do a I 1 to 0 all j I 1 I 1 other t taxes said chyll alt ilin linual lial tax sull ad 11 to irod i sum of four 4 ce li thousand sand in ei bachot of 1 and said taxes alien sal flye 6 coal colle e acted e solely tor for the k n e raynie jt ot of th burp 0 tue e Int i t rin rn ciral or of tile the indebtedness edne erelt under tills this lo 10 ord oranan lilan elie ehe same shall hae 11 ae been ile inn full sat a isdo arid and discharged but IF w lerell con contained coltaine taine d biall tin be tot trued as to to 8 frere prevent lt said bald c I 1 ty tp plying any 0 ther other funds fund r 1 that n e in the city treasury and or that purpose iuri ose to tile the he interest or th the e p principal 1 ands and said sad I 1 tax ax levies or may to that extent e x tent iia lie di i u A d and upon P I 1 the he p a payment eat principal rin ciral cipal ot of any 0 of I 1 the e antis of 01 hereunder ere under vilder in said haid manner orb se be of the sinking fund here hera aided for tile the said leles forthe or ft nent of tile the interest on oil the he cl 0 paid may lie le diminished and tile the suing ailing hereinbefore aided for to meet the inte lin eresli resLo londs arid and to discharge the arly phere hereof of when due are here hereta tor for that Pur purpose flose gj said mid amount tor for each itji a be included in 0 the annual annuala annu all n bills passed by the he council of said city each ye see sec 6 it shall be the duty dutil ill ity council of said city annin allu alil li t lie he time and in in the manner irr d tor for cy by I 1 law aw for or levying otheo other axes where such action la Is deft ness 0 effectuate I 1 the lie provisions 01 0 ordinance with reference to thear ati e g of and callec collecting I 1 ing the tais hall require the officers 0 cers of 0 ja baj aid city to le levy vy and esleen ol 01 collect e c t such c tax taxes x e 8 in the ss provided by law for the ww purt beating a fund for the payment lie he interest and principal ol of ond ands arid and such taxes taws when ook acci d shall be kept for and y to the payment of tile the inte regil principal rin cipal as hereinbefore sec 7 wherever whenever after thee aaion of ten tell years from the dw dil aid bonds the city has BOB lid sinking funds ident yai lable to redeem any c of it ands and for that purpose abib hii ires to exercise its option ten eem the city council C shall lr bai exercise eer cise such option sp se ig the amount of bonds to roo its deemed ceci ed and thereupon the ite zea ea surer shall call in and ps slid bald amount of bonal bosi i merical order wl west numbered bond thin than 9 landing ile he shall call in baldt said W 11 publish publishing nig for or at leist least thirl lb I 1 a er of generale general clr arb on in said city of ll i similar in salt lawt li tah j i notice elating that t 71 a or i i before a certain date darew NT which shall be beatle at least astl dejl clays cays after the first PAA ion of said notice pay andee al ertain ot of said s a id bonds bond S gh gibso in amler and date on or belot ate 0 of tile the first publication 0 otice and in case any of such bucit W re not presented tor for payi nestr etore the date mentioned lisl ce at the place whereby the 11 hereof they are pa payable vable 00 itei inda i for their payment pay nent shil flo i the city treasury to pay ia hen they are presented ch bonds shall hall cease to dri V date fixed la in sill A latter after the or their redemption sec 8 TI the c city recorder nake a list of the bonds issued isse 1 his ordinance as required ill i nd ind keep heep the sime same ja in his og ot see sec 9 the 1 bonds issued iss his ordinance shall be e ea ell axa ax atlon tion by tilt city of see sec 10 all ordinances 0 city ot of roosevelt in canh IV ordinance irdi nance are hereby repealed r j I 1 ann chall I 1 ie e and leilli 1 ann chall I 1 ie e ordinance shall eatable ea lable until said be dosiia 3 boa t r lia I 1 w erest thereon shall discharged as s w laid aid and vided aided ft see sec 11 tills this ordinance ordina I 1 shall sli abely upon its passage tiff tae pos posited iteI IT in tile hie of 0 or I 1 recorded led in the w boak corder b 1 a nances bances of 0 said ei city Y ale I 1 mayor of said city a 8 V under der w the city recorder un bu el airall said city slid aud tile tho roosevelt it Stand arH a in said saili payer paper published d a general circulation effect upon due pail to lo law the ti passed aud and app approved royed as council of tle tile city lif J 1111 apro utah this 2711 adly dy 0 01 f I 1 0 II 11 J 0 city 01 seal |