Show ORDINANCE xo NO AN ORDINANCE DECLARING THE RESULT AND VALIDITY of A SPECIAL BOND BLE ELECTION HELD IN AND FOR THE CITY OF ROOSEVELT 0 OF F COUNTY UTAH ON THURSDAY TO WIT THE stif DAY OF APRIL A D 1918 IS IS AMENDING SECTIONS 2 3 AND 5 OF ORDINANCE no PASSED AND APPROVED THE DAY OF APRIL A D 19 IS DECLARING DUE SALE OF TWE NTY THOUSAND DOLLARS SIX 6 G PERCENT waterworks WATER WORKS DONDS BONDS OF AND BY THE CITY or OP ROOSEVELT AND PROVIDING FOR THE EXECUTION AND DELIVERY OF SAID BONDS TO THE LAWFUL purchasers THEREOF REPEALING ALL ordinances AND ORDERS OR PARTS THEREOF IN CONFLICT HEREWITH AND DECLARING AN EMERGENCY GENCY 1 WHEREAS in accordance with ordinance no passed and ap rovel the day of february A D 1918 a special election 0 of such qualified ejectors ot of the CRY cit of roosevelt as had paid a property tax in the year preceding such elect election lon was held in said city on thursday to o wit the ath day of april A D 1918 and WHEREAS said election was called noticed and held and the returns hereof canvassed in due form time and manner as required by law and WHEREAS said canvass shows that at said election a majority of the electors qualified as aforesaid voted in favor of the issuance of waterworks Water works bonds and WHEREAS the th bonds ore and hereinafter mentioned have been duly awarded and sold bearing six 6 per cent interest at a dilce pi ice exceeding the par value of said eaid louds bonds to keeler Dr brothers others of denver colorado who were and are the highest and best bidders and WHEREAS said bonds could not besold at par it made payable in the city of roosevelt and it if the bond were all redeemable at the option ol of said city in ten years after the date of issuance now novi therefore by reason ot of the premises BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROOSE VELT IN DUCHESNE COUNTY UTAH section 1 that it is hereby determined and declared that the special bond election held in the city of roosevelt of duchesne county utah on he ath day of april A D 1918 upon the question of issuing waterworks Water works bonds 0 of said f city was duly called noticed and held and the returns thereof canvassed in due form time and manner as required by law and it is therefore hereby certified recite e d and ivar warranted ranted that all conditi conditions ins acts and things necessary to the validity of the bonds hereinbefore and hereinafter mentioned have been fully done and section 2 that sections 2 3 and 5 ot of ordinance no passed and approved tile the day of 0 april A D be and the sane are hereby amended to read ris foil aws section 2 that for tile purpose of securing said water sup ply and extending and improving im provin su such cl water woi ks system th tha said city shall issue its travle hati le interest bearing coupon bon s in the aggregate amount of tv enty hv e thousand I 1 dollars 2500 0 O con consisting of 0 twenty five br ads ads in n the denomination of ono thousand dollars each numbered I f rc win 1 to 2 5 payable in gold g coln c of the united states of america of or equal to the ant at standard ot or weight and fine ne 3 that said bonds shall lie be dated tf ae ie first day of june A D 1918 be absolutely due and payable the first day of june A D 19 38 hut but re dee mablo at the option ot of isacc cit citi serially in mu numerical merical order 19 as lol fol lows iowa bond no t 11 and 2 amount 2000 date balile on or any interest payment date cafer june 1 1928 bond no nc 3 to 5 inc am amount dato date on ar or any interest berest payment date after june 1 1928 1929 bond nos C S and 7 amount 2 date red eatable on or any interest payment date sitter june 1 1930 bond nos S to lo 10 inc date r edgema ble on or any interest payment date after juno june i 1 bond nos 11 itald and 1 2 92 amount 2000 date redeemable on or any interest payment date atter after june 1 1932 1 i bond nos 13 to 15 tile inc ailio amount un f dato date redeemable on or auz any interest payment date atter after june 1 boud bond nos 16 and 17 amount 2000 2 late ato redeemable on or any interest payment date atter after june 1 1934 i i bond nos IS 18 to 20 tile inc a amount mau t date redeemable on oa or any interest payment date after june 1 1935 1935 bond nos 21 and 22 amount 2000 date redeemable on or any interest payment date after june 1 1936 bond nos 23 to 25 ine inc amount date redeemable red onor any interest payment date after june 1 1937 hat said bonds shall bear ln interest terest jt it the rate ot of six 6 per per annum payable semiannually semi annually and in like gold coin on tia do first cays ays oi 01 june and december respectively in I 1 ach year and both the principal tiie Liere of and interest thereon shall be 1 pliable at the national bank ot ol commerce in the city and state ot ol sew new york V U S A or at the banking house of keeler brothers in the oty city and county of denver deliver in the tate state of colorado at the option ol 01 lie holder that there shall be attached to each of said bonds forty 40 interest coupons representing a aalf yearly payment of 0 interest am said bonds shall be signed b he mayor ot of said city attested b die city recorder under seal ot of said city cay and countersigned counter signed by the cit Lrea treasurer surer and shall be registered in a book kept tor for that purpose by tin the city recorder and said re cordei shall indorse on each of said bonds he die certificate required by section of the compiled laws of utah 1907 all coupons shall bear tile the ae simile signature of the city treasurer and aa t thus hus executed shall be he binding obligations of the sala saiu ity illy for tile the I 1 interest evidenced there by section 3 the said bonds ang anc coupons attached thereto shall be Q li ii substantially the following tol lowing form formoe form of bond UNITED STATES OF AMERICA STATE OF UTAH U all 1 COUNTY OF DUCHESNE CITY OF ROOSEVELT GOLD BOND series of june 1 1918 no 1000 KNOW ALL MEN KEN BY THESE PRESENTS that tile the city of roose elt of duchesne bu duchesne chesne county utah ac now ledges itself to owe antl fo foi alue alne received ived hereby pio promises ILL ay to the hearer bearer hereof the at al trim srini of one thousand dollars oi 0 noe june 1 A D 1938 together with at nt interest erest crest on said sum from the datt ereon until paid at the rato rate of si er per annum payable emi annually on oil the first days 0 june and december respectively it i sach aach year as evidenced by and apoi he ahe presentation and surrender 0 lie ae interest coupons hereto attach id ed as they severally become beco due anc lotsi bogi the said principal princ ilal and in teres ire re hereby made payable in golc oin of tile the united states of america if f or equal to the present standart stan darc of t weight and fineness at tile the na jonal ional daiak bank of commerce in the city ity and state of 0 new york U S A ar at tile the banking house of beelel brothers in the city and county 0 denver in the state ot of colorado at al the option of 0 the holder this bond is issued by said city ti raise funds tor for the purpose of sup flying said city with water the works for kup supplying plying the same to lj lie owned and controlled by said city pursuant to a vote of ali the duly lied taxpaying lax paying electors of said cita cit resent besent and voting upon the quest on at especial cleckl u lawfully call d and duly held therein tor for the pur ose prior to tile the issuance of 0 till ond at which election a majoric majo rit if jt all of 0 the qualified elector resent and voting thereat voted li ii avor ot of the issuance of this bond nd under by virtue virtud of and in a at al aspects in full and strict vilh the constitution chapter 24 compiled om oni piled tilled laws la Vs ot of utah of 1307 1907 at al aws amendatory thereof and supple centary thereto and an ordinance t f the city council of said city duli adopted and effective prior to the Is bance of this bond and it is hereby certified ud nd warranted that said city ha cen for many years pas pa stand land is nov j k body politic and corporate and i corporation duly organ cd existing and operating as a cita amder and by virtue of 0 the con cons titu lion and general laws of 0 the state stale nd Is now dud always has been un ier er the control of it a duly or organized ity council as tile the duly constitute corporale orp orale authority thereof that at al bings acts and conditions required by the constitution and laws ot of the state of f utah to exi stand t to happer li apper and be lone done and performed perlor mcd precedent io to and in the issuance ot of ahk bond in order to constitute the same the valid and binding obligation oi 01 said city do exist arid and have happened and been done and performed perform ec in regular and duo due form and time that the total indebtedness ot of salo sale city including this bond does no exceed any constitutional or statu tory lory limitation arid and that due provision has boon been made tor for the levy 9 assessment and collection of a diree annual ad valorem valoree tax on all of 0 atie taxable property of 0 said city in tit ad to all other taxes to create c r sufficient to pay tile the interest ac cluing upon this bond promptly prompt tl li when and as the same becomes in du and to establish a sinking fund ditl which to discharge the prin principal cipa pa hereof at maturity the raith faith credit and all the taxable property properly of 0 said city are hereby irrevocably pledged tor for the payment of the interest and redempa lion of the principal ot of this bond re spec dively as the same becomes due duc and are payable as aforesaid this bond is redeemable thirty days prior notice at the pleat are of said city on or any istoresi into inte resi reSL payment date alter june 1 A D 19 19 IN TESTIMONY WHEREOF tile the city of 0 roosevelt ot of duchesne county utah by Us its city council has caus ad this bond to lie be signed by the mayor of said city attested by tin ity recorder and countersigned counter signed by xe ilie city treasurer under its corporate seal and the attached interest coupons 1 to be signed with the en graven facsimile Lac simile signature of the said cit alti treasurer rea surer the first day of 0 june A D xa 18 mayor countersigned Counter signed I 1 city treasurer SEAL attest city recorder form ol of coupon NO ifo i on june december alst 1st A D the city of roosevelt of Duches nL county utah tor for value received re to pay to the bearer liemeo lie sum ot of thirty dollars an gold oln oin of 0 the united states ot of america j if or equal to the present standard af 1 weight and fineness at the nation i 1 I bank ot of commerce in tile the city and tate of new york U S A or at the banking house of 0 keeler Dr brothers others 21 the city and county of denver in lie he state of colorado at the option jf if the holder being six months then due on its waterworks water works old wild bond series of june 1918 jated dated june alst 1st A D 1918 no I 1 city treasurer i form ot of certificate to be endorsed on back ot or each bond state OF UTAH BOUNTY OP OF DUCHESNE SS OF ROOSEVELT I 1 certify that the within bond is in accordance accor dande with law and a within the debt limit permitted by he constitution and laws of 0 utah and n i accordance with a vote of the ax payers of tile the city of roosevelt jf f duchesne county utah at an election held prior to the issuance t f this bond and authorizing bonds 0 the amount of twenty five thou and dollars SEAL city recorder section 5 that in order to neet and furnish funds to pay the Lec accruing ruing interest on said bonds on tie he first day of 0 december A D 1918 and the he first day of june A 3 1919 there shall be levied in the ear 1918 on all the taxable arty in said city in addition to all aher taxes a direct annual tax sut sur 1 to produce the sum ot of fifteen blundred Lun dred dollars 1500 that in order to raise the necessary funds which to pay the interest due december ec ember 1st ast 1919 and june and thereafter and up to and ac luding june Is 1928 promptly a 3 the same accrues there shall be evie evind J in each of the years 1919 to inclusive on oils all of the taxable property in said city in addition to tit ill other taxes a direct annual tax to produce the sum ot of birteen it teen hundred undred li dollars 1500 in sach year and said taxes when col acted shall be applied solely to the dayment or of the interest on said ands and tor for no other purpose whatever hat ever and in order to raise the ec essary funds to pay the interest accruing ou oil said bonds december st 1928 1028 and june 1929 and hereafter up to and including june 1938 also tor for the purpose of beating and constituting a sinking und to pay one tenth of the at al of said bonds each year there ater there shall be levied in the ears 1928 to 1937 inclusive on all afable property in said city in ad luion to all other taxes a direct annual tax sufficient to produce the sum euni of four t thousand housand dollars dollar s an fn ineich each of said years and said taxes when collected shall be applied poleny tor for the purpose ot of the payment of the interest and principal ot or the indebtedness so contracted under this ordinance until the same shall have been fully paid satisfied and discharged but nothing herein contained shall lie be so con as to prevent said city irom from applying any other funds that may lie be n tile the city treasury and available c f tor or hat bat purpose to the payment of the interest nt erest or the principal on said ands and said tax levies provided or may to that extent be damin shed and upon the payment or of the principal irin cipal of 0 any of the bonds issued hereunder lere under in said manner or by the of the sinking fund herein provided aided vided for corthe alie said levies for the payment of oc the interest on the bonds so baid may bo be diminished aurl and tile the sums hereinbefore provided for to meet the interest on aid bald bonds and to discharge the thereof when due are here ay iy appropriated tor for that purpose ind the said amount tor for each year hall also be included in the annual appropriation bills passed by the city council of 0 said city each cadi year respectively ively section 3 that on the day ot of december A D 1918 and on the days of june and december respectively ively in each year thereafter 0 o long as any ot of the interest cou ons lons appertaining to the bonds hereby authorized to be issued remain outstanding and unpaid the measurer rea surer ot of sald said city shall and he 9 hereby ordered authorized and erected to remit any moneys n its his hands belonging to said city in the form of check or draft payable in n new york city U S A to the rational Tati bank of commers Com merca in the lity ity and state of new york U S A iy ay iy and through the purchasers of said bonds a sum sufficient to pay he semiannual semi annual interest accruing on said bonds on the first days of june ind and december respectively in each ear and any and all escrow charges made by said aid bank tor for handling said coupons and on the bie day ot of june A D 1938 the said treasurer at f said city shall be and he is hereby authorized ordered and directed out it if tile the sinking fund created under lie he provisions of this ordinance to remit by or draft payable in new mew york to the said national bank of commerce in namir york a sum the principal amount amount sufficient to pay A may then be 0 ouli ut i as bonds of 0 said all standen together with tile the interest accrue accrued I 1 thereon to june A D 1938 and aid any and all escrow charges made b by y said bank for handling the tame came section 4 that said bonds shall be prepared in the form provided in ordinance no as amended by this ordinance and aua ae livered without anne unnecessary cessare delay it to reoler Dr brothers others the lawful purchasers thereof upon payment being city treasurer of the |