1 of 1934 - Providing for the issuance and sale of Two Hundred Thousand Dollars Refunding Bonds of Salt Lake Cit Rcc. 103
ROLL CALL �• ".
January 4 4
VOTING AYE NAY Salt Lake City,Utah, 193......
1-/;i
Goggin I move that the ordinance be passed.
Keyser V 1
Knight
Lee _
Mr. Chairman _
Result
JAdU'A'_R.Y 4, 1934. Page 9.
The Board of City Commissioners of Salt Lake City, Utah, met
in regular session on the 4th day of January, 1934, at the hour
of 10 o'clock A. M. at the regular meeting place of said Board
in the City & County Building, Salt Lake City, Utah, Mayor Marcus in
the chair.
On roll call the following members were present;
P. H. Goggin, Commissioner of Parks & Public Property.
George D. Keyser, Commissioner of Water Supply & Waterworks.
John M. Knight, Commissioner of Public Safety.
Harold B. Lee, Commissioner of Streets & Public Improvement.
Louis Marcus, Commissioner of Public Affairs & Finance,
Chairman.
Also present, Ethel Macdonald, City Recorder.
BILL NO. 1 .
An ordinance providing for the issuance of Two Hundred Thousand
Dollars (000,000.00) Refunding Bonds of Salt Lake City, Utah, Series of
January 15, 1954, introduced by Commissioner, Marcus , was
taken up and read and on motion of Mr. Marcus passed, all members
present voting aye.
AN ORDINANCE
AN ORDINANCE PROVIDING for the issuance and sale of Two Hundred
Thousand Dollars ($200,000.00) Refunding Bonds of Salt Lake City, Utah,
Series of January 15, 1934.
WHEREAS, at a regular meeting of the Board of Commissioners of
Salt Lake City, Utah, held on the 20th day of January, 1933, said Board
of Commissioners provided for the issuance of One Million Two Hundred
Thousand Dollars ($1,200,000.00) Salt Lake City Tax Anticipation Bonds,
Series of January 16, 1933, bearing interest at the rate of three and
20/100 (3.20%) per cent per annum, payable semi-annually on the 15th day
of July, 1933, and the 16th day of January, 1934, numbered and in
denominations as follows:
Bonds numbers one (1) to fifteen (15), both inclusive, being
in the denomination of Fifty Thousand Dollars ($50,00).00) each; bonds
numbers sixteen (16) to thirty-three (33), both inclusive, being in the
denomination of Twenty-five Thousand Dollars (025,000.00) each, said
bonds bearing date of January 16, 1933, and being due and payable January
16, 1934, and designated as "Salt Lake City Tax Anticipation Bonds, Series
of January 16, 1933," said bonds being issued for the purpose of meeting
current expenses of said City for the year 1933, and
WHEREAS, said resolution passed by the Board of Commissioners
on the 20th day of January, 1933, provided also for the sale of One
Million Dollars ($1,000,000.00) of said authorized issue of One Million
Two Hundred Thousand Dollars ($1,200,000.00), being bonds numbers one
(1) to fifteen (15), both inclusive, in the denomination of Fifty Thousand
Dollars ($50,000.00) each, and bonds numbers sixteen (16) to twenty-five
(25), both inclusive, of the denomination of Twenty-five Thousand Dollars
($25,000.00) each, and
WHEREAS, by resolution duly passed by the Board of Commissioners
on the 6th day of July, 1933, provision was made for the sale of the
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remaining Two Hundred Thousand. Dollars (4200,000.00) bonds of said issue,
being bonds numbers twenty-six (26) to thirty-three (53), both inclusive,
of the denomination of Twenty-five Thousand Dollars (gb'25,000.00) each, and
WHEREAS, said issue of One Million Two Hundred Thousand Dollars
($1,20O,000.00) Tax Anticipation Bonds was not in excess of the estimated
revenues for the year 1933 and all of said bonds were duly and lawfully
issued and sold and are now the lawful and valid outstanding obligations
of Salt Lake City, interest on all of said bonds having been paid promptly
when due, and none of said bonds have ever been adjudicated to be invalid
and there is no litigation pending or threatened involving the validity of
said bonds, or any of them, said bonds being the legal, valid and binding
obligations of said Salt Lake City, and
WHEREAS, at the time said bonds were issued it was estimated
that sufficient revenues from the collection of taxes would be available
for the payment of said bonds at maturity, but due to diminished revenues
from taxation Salt Lake City has or will have available on January 16, 1934
only the sum of One Million Dollars ($1,000,000.00) with which to retire
said bonds, and it is necessary and for the best interests of said City that
Refunding Bonds of said City be issued to provide funds for the payment of
the remaining Two Hundred Thousand Dollars ($p200,004.00) of said bonds.
NOW, THEREFORE, dd IT ORDAINED by the Board of Commissioners of
Salt Lake City, Utah: •
S CTIOW 1. That said One Million Dollars ($1,000,000.00) available
for the redemption of said bonds shall be applied to the payment of the
1 following bonds:
Bond number one (1) of the denomination of Fifty Thousand Dollars
($50,000.00); bonds numbers four (4) to fourteen (14), both inclusive, of
the denomination of Fifty Thousand Dollars ($50,000.00) each; bonds numbers
sixteen (16) to twenty-three (23), both inclusive, of the denomination of
Twenty-five Thousand Dollars 025,000.00) each, and bonds numbers twenty-six
(26) to thirty-three (33), both inclusive, of the denomi.n:,tion of Twenty-five
Thousand Dollars ($25,000.00) each, in the aggregate amount of One Million
Dollars ($1,000,000.00), and that for the purpose of paying and redeeming
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Two Hundred Thousand Dollars ($200,000.00) Salt Lake City Tax Anticipation
Bonds, Series of January 16, 1953, dated January 16, 1933, and due and
payable January 16, 1934, being bonds numbers two (2), three (5) and fifteen
(15) of the denomination of Fifty Thousand Dollars (40,000.00) each, end
bonds numbers twenty-four (24) and twenty-five (25) of the denomination of
Twenty-five Thousand Dollars (025,000.00) each, bearing interest at the rate
of three and 20/100 (3.20%) per cent per annum, payable semi-annually on the
15th day of July, 1935 and the 16th day of January, 1934, there shall be
issued Refunding Bonds of Salt Luke City in the amount of Two Hundred
Thousand Dollars ($200,000.00), dated January 15, 1934, bearing interest
at the rate of four per cent (4%) per annum, payable semi-annually on July 15th
and January 15th in each year, commencing July 15, 1934, in denominations of
One Thousand Dollars ($1,000.00) each, numbered from one (1) to two hundred
(200), both inclusive, payable serially in numerical order Forty Thousand
Dollars ($40,000.00) on January 15th in each of the years 1935 to 1939, both
inclusive. Said bonds and each of them shall be, except as to numbers and
maturities, in substantially the following form, to-wit:
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UNITED STATES OF AMERICA
STATE OF UTAH
SALT LAKE COUNTY
SALT LAKE CITY REFUNDING BOND
SERIES OF JANUARY 15, 1934
No $1,000.00
Salt Lake City, in Salt Lake County, State of Utah, hereby
acknowledges itself to be indebted and for value received hereby promises
to pay to the bearer hereof the sum of
ONE THOUSAND DOLLARS ($1,000.00)
in lawful money of the United States of America on the fifteenth day of
January, A. D. 19 , at The National City Bank of New York in New York
City, with interest thereon at the rate of four per cent (4%) per annum,
from date until paid, payable semi-annually in like money on the fifteenth
days of January and July in each year, commencing July 15, 1934, said
interest to maturity being represented by interest coupons hereto attached.
This bond is issued for the purpose of refundin; legal and valid
outstanding bonded indebtedness of said city and is one of a series of bonds
of like date and amount and known as "Salt Lake City Refunding Bonds, Series
of January 15, 1934," issued under and pursuant to the provisions of the
Constitution and Laws of the State of Utah.
The Board of Commissioners of Salt Lake City shall annually levy
a sufficient tax to pay the interest on this bond as it falls due and also
to constitute a sinking fund for the payment of the principal-thereof as the
same falls due.
It is hereby certified, recited and declared that all conditions,
acts and things essential to the validity of this bond enist, have happened
and have been done and that every requirement of law affecting the issue
hereof 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, and
that the full faith and credit of said Salt Lake City are hereby irrevocably
pledged to the punctual payment of the principal and interest of this bond,
according to its terms.
IN lTNESS tHEREOF, Salt Lake City has caused this bond to be
signed by its Mayor and its City Treasurer and its corporate seal to be
hereunto affixed, attested by its City Recorder, and the annexed coupons to
bear the facsimile signature of the City Treasurer, as of the fifteenth day
of January, A. D. 1934.
Mayor
—-
City Treasurer +
ATTEST;
City Recorder -----
(SEAL)
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To each of said bonds shall be attached a coupon for each
installment of interest contemplated by said bond, which coupons shall
be numbered consecutively, beginning with No. 1, with the several dates
of payment and number of bond end shall bear the facsimile signature of
the City Treasurer. Said coupons and each of them, except as to dates
of payment, shall be in substantially the following form, to-wit:
No k20.00
January,
On the fifteenth day of July, 19_, , Salt Lake City, Salt
Lake County, State of Utah, will pay to the bearer hereof at The National
City Bank of New York, in New York City, the sum of Twenty and no/l0O
Dollars (420.00) in lawful money of the United States of America, being
six months' interest then due on its Refunding Bond, Series of January
15, 1934.
(Facsimi]e signature)
City Treasurer
Bond No.__._
There shall be endorsed on each of said bonds the following:
(City Auditor's Certificate)
I hereby certify that this bond is within the lawful debt
limit of Salt Lake City, Salt Lake County, State of Utah,
and is issued according to law.
City Auditor, Salt Lake City, Utah."
Ail the covenants, statements, representations and agreements
contained In said bonds and coupons and all recitals and representations
of this ordinance, are hereby considered end understood and; it is hereby
ordained and declared that said covenants and promises therein are the
covenants and promises of said Salt Lake City and that the representations
and statements therein are the representations and statements of said City
and it is further stated and represented that Salt Lake City is a. municipal
corporation of the first class under the Constitution and Laws of the State
of Utah.
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SECTION} 2. The interest failing due on said bonds on July 15,
1934, shall be paid out of the general fund of said City, and for the
purpose of reimbursing said general fund for said payment of interest and
to meet the principal filing due on said bonds on Janucry 15, 1935 and to
pay the interest falling due on said bonds on January 15, 1955 and July 15,
1935, there shall be levied in the year 1934 on all taxable property within
said City, in addition to all other taxes, a direct tax sufficient to produce
the sum of ti51,200.00, being $11,200.00 for interest and 340,0o0.00 for.
principal. And thereafter in order to raise the necessary funds with which
to pay the interest promptly, as the same falls due, and also to constitute
a sinking fund for the redemption of said. bonds when due, there shall be
levied in each of the years 1935 to 1938, inclusive, a direct annual tax
on all taxable property in said City, in addition to all other taxes,
sufficient to produce sums as follows:
LEAR PRINCLPAL IN- hRCST TOTAL
1935 i140,000.00 �p5,600.00 S45,600.00
1936 40,000.00 4,000.00 44,000.00
1937 40,000.00 2,400.00 42,400.00
1938 40,000.00 800.00 40,800.00
Said -taxes, when collected, shall be applied solely for the
purpose of paying the interest and principal of said bonds respectively
and for no other purpose whatever until the indebtedness so contracted
under this ordinance, principal and interest, shall have been fully paid,
satisfied and discharged, but nothing herein contained shall be so con-
strued as to prevent said City from applying any other funds that may be
in the treasury and available for the purpose to the payment of said
interest or principal, as the same respectively mature, and the levy or
levies herein provided for may thereupon to that extent bp diminished,
and the sums hereinbefore provided for to meet the interest on said bonds
and to discharge the principal when due, arc hereby appropriated for that
purpose, and said amount for each year shall also be included in the
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manual approj riation. bills passed 4 the Board of Commissioners of said
di t Lake City in each year reft)ectivoly.
SCCTMX a. Caid. bends :cid each of them shall bo sighed by the
Mayor an the City Treasurer.and attested by the City hecorder cod the
conyene attached to said bonds shall be signed by the facsimile signature
of the City Treasurer. The Mayor and City Treasurer ore hereby authorised
and directed to sign, and the City jecorder to attest aria affid the seal to
each of said bonds and the acts of sold Mayor, City Treasurer and City
Recorder in so doing anT., add shall be the act and deed of Salt Lake City.
SSCTIOU 4. Sold bonds shall be issued in lace of the bonds to
be refunded and simultaneously with the cancellation thereof.
.fbTiilic 5. That all ordinances and resolutions or parts of
ordinances end resolutions in conflict .:ith the proviaions hereof, be and.
the same are hereby repealed, and sfter said bonds ETC, issued, this ordinance
shall be and remain irrel:ealable until said bonds and the interest thereon
shsll have been fully bald, satisfied and discharged as heroin provided.
:ACTION 6. The City Recorder is hereby instructed and directed
to cause copy of this ordinance to be pfblished immediately in on issue of
Deseret News a daily newsbai,er of general circulation in
and printed and published in Salt L:Lc City, Utah.
SMCT1ON 7. That on emergency is horsey declared and in the
opinion of the Board of Commissioners because of the necessity of raising
fund ith .41ich to meet maturing obliLatiohe of said City-, it is nocessory
for the peace, health and safety of the inhabitants of Salt Lake City tint
this ordinance take effect immediately.
SCCTIOM 8. N(h, THEftCFORM, IT OnDiailIlD that an emergency
is hereby declared and tale ordinance shall take effect and bo in force
upon the day of its passage, approval and pub 'elon.
Passed by the Board of Commissioners of Salt Laza: City, Utah,
and a:.:rovcd this 4th day of January., 1,./..5k4.
Mblor
City Recorder
DILL 'CO. 1.
The adoption of the foregoing ordinance ace seconded by
Commissioner Keyser and the eLmc on being put to a vote
was unanimously carried by the affirmative vote of all uommissioners
P:ff,sent, the vote being as follows:
Louis Marcus, Mayor — Commissioner "Aye"
P. D. doggie, Commissioner "Aye"
George D. 'Keyser, Commissioner
John M. Knight, Comnisioner "lie"
Herold B. Lee, Comisstoner - Aye"
Mayor
ATTEDT:
(
City Recorder
Wilh)
STATE OF UTAH )
) SS.
SALT LAKE COUNTY)
I, Ethel Macdonald, the duly chosen, qualified and acting
City Recorder of Salt Lake City, Salt Lake County, State of Utah, do
1 hereby certify that the foregoing and attached paves are a full,
true and correct copy of the minutes of a r'egtr meeting of'the
Hoard of Cormnlsrtioners of Salt L ke; ityy Utgh, duly and law ally
called and held on 'Thursday the 4th`g ,y 7pf January, A. D. 7<9r 4�,at
the hour of /D;QwloIclock A. Mn , insofar am tam same refer to-Jar
concern concern the issuance and sale of $200 ,000.00'k funding Sonde oP"
Salt Lake City, Series of January 15, 1954hu,t I person P
attended at said meeting and that the foregoing proceedings;, rere
; in fact held as in said minutes specified.
IN aITNEsd VIHEREOF, I have hereunto sot my hand and the
official seal of Salt Lake City, Utah, this 4th day of January,
A. D. 1934.
Viln7Plitte
City Recorder
(SEAL)
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_. • . Affidavit of Publication
, .• AN ORDINANCE '•-:1,'"-,'at-
AN ORDINANCE IROVIDINtle,..,
the issuance and sale of Two It'0,-;,,
Thousand Dollars (4300.000.00) 11,••,,,V,
Mg lion.of Salt Lake City,Uta10,`,,1„:1,
lee of January 16,1564.
WHEREAS,at a reviler meeting'•,.',i ,.....
the Board'or Commissionere of fk,A,An 1
Lake City,Utah, hold•on the 20th d,,.,
of Jenllary,1099.Mid Hoard of Commis/ake
provided.WodthVnustnr gaiPa"st: k
''''TQ'O.010','Oolitg,i...1,..City Tax AP:
::6'1,411:1417elneliK'l /
•annum. payable semi-ann./1y on the
15th day of July. 1933. and the.16th
:day of January,1994;numbered and in, Lea li Yonne,
denominations as follows:
Bonds numbers one(I)to fifteen•(16).
both Inclualve, being In the denomina-
ion00)of Fifty ThousanD d ollars'.
00 each; bonds ninnbere eixteen Being first duly sworn,deposes and says that he is the advertis-
(16)to thirty-three(39),both Inclusive.
,being in the"detiotnination of Twenty-
fiN'e Thoneand Dollars ($26,001).ow each,
.geld bonde bearing date'of January i6,: ing clerk of THE DESERET NEWS,a newspaper published in
tri4i.IT.d let sandau9SettE4tfaiIiil:"Salt,
-Lade City Tax Antioipatildiaeads,'Sex,
,les.of January.1-6,1933."sild bond.be- Salt Lake City,Salt Lake County,in the State of Utah.
'Mg issued for the posheati uf.meeti.
current expenees of saki City for the
,yettr•-1935;-and
•. WHEREAS,ealli resoltition pasted by That the advertisement An..Ordinanee..relating_..
the Sawa of Ceminissioners on the'
20th day of january.1933,provided also'
for--the solo of One Million Dollars•
141;000.000.00). bf saki authorised Ise. ta tt110 iSSUAllgO_Df BefuLdiAa..Zouts_af_44it Lake
,of One Million Two Hundred Thousand
.Dollars 01,200,000.00), being bonds,
nunMere one (1) to fifteen an,both'
,Inclusive, in•the denomination of FEW: City., Utak, series af jenuary.15tn„.193)4
-Thousand Dollar.(550,000.00)each,and
•bonds numbers sixteen (16) to EventY.,
five(26),both incl.lve,of the&tem.(
(nation of Twenty-five Thousand Dole
.Mrs($25,000.00)each,and
,• WHEREAS,by reeolution duly palmed
!1
671A411414 ciTlir"'°,1Zo°11'..12:'
made for the sale of the rpen?aleing wwe.:.' was published ire said newspaper, in its issue ,dated, the
Hundred Tholmand Dollars ($2)0,00000):
•bends,Of said Issue, being benda num-,
,here twenty-Ex/(MI- to thirtit,,thia, , 6 th day of janaary A.D. 19_3 ...
af5.00000).(atelt, and'
WHEREAS.eaid Iseue of One Milli.
Tv/sr:Hundred Thousand Dllars'01:200.- and was published one tirae
'mon Tax Anticipatian Br.was not,
I in'excess•of the eetimated reVenuee for,,
:the,year 1983'and all of aid bonds--
t wern duly and lawfully Issued and bold the last publication thereof being in the issue.,dated the
I and are new the fateful and•valid ova.
,04anding obligations of Salt Lake Can
l'Interest on ail of said bonds hav)ng aeon
'Paid ltaemptly when due,and no. of day of A.D.19
1111:7=lig°Zd'Irer:Teirtttar,
:winding or threatened involving the
valiAlty of said bonds. or any of them.
2.saki bonds barna. the legal, valid and .... , -7-....":"' C
i binding obligatione of eald Salt Lakei
•City,and - ,
,' , WHEREAS, at the time eatd 'bonds, fertiSing C .
Were Issued It was estimated that Edit-
!oient revenues from the collection of
tense would be available for the pot-
vent of said bonde•at maturity. but
•due to'diminished revenuee drum taxa.
don Salt•talon Hity has or will have
available on January.16,.1924 only the,
,sod.of-•One Million Dediera:(MOW-
.000.0)1 with which to retire said tango, •
a'ait t. ""Y '‘''Id f°T:th° bx.t3WOrft to before me this bth day of
rest of said City that Refunding
sonde of said Clay be homed to provide
:fundafes the payment of the...Ming_ ....
,Two Himdred Thousand Dollen, 0200,-uma...-y A.D. 19..34
'000.00) of End bonds.•
. NOW,THEREFORE,BE IT ORDAIN-
:ED by the Board of Commissioner. of
I Salt Lake City,-Utah: 7. ., 4
, •SECTION I. That said One Million
4. 4 '1,z.
Dopers($1,000,0h0.00).available for the / /: f;
redemption of said bonds shall be.am. 1.'k ' 1(,./ -.-'(.g,z...,...,,„3 y
idled to-the payment of the following 1 ---'
Bond Windier One (1) of the dean,- '',..._ Notary Public.
'nation of Fifth Thousand'Dollars($60,- ---_
000,001;bonds numbers four(4)to four-
'Iron(14).both Inclusive,of the denomt
Juan.of Fifty Thousand Dollare(MO:
:000.00) each; bonds numbers sixteen
(16)to twenty-three(23),both Inclusive,
of the denomination of Twenty-five,
Thousand Dollars ($25.000.00) each.and
bonds numbers twenty_aix (26) to this,.
ty-ths. (33),•both Inclustre.of the de-
nomination of Twenty,-five. Thousand'
Dollars (325,000.00) each.In the aggre-
gate amount of One Million Dollar.
($1.000.000.00),end that for the Peri ,
of paying and wdeeming Two Hundred
Thousand Dollars()200,000.00)Salt Lake
City Tax Anticipation Bonds, Series of
January 16, 1933, dated January 16.
1933,and due and payable January le,
1934, being bonde numbers two (21,
three(3)and fifteen(16)of the denorn-
rotZ oef..,F,:!ftInT h,nottas,Lnd,,,,Dm01,Lrig gv5et:
V-P0111. (24) and twenty,fivo III) of
the denomination of Twenty-five Thou-
sand Dollars ($25,000.00) each. bearing
Internet at the rate of three and 20-100
(3.20%)"per cent per annum, payable
semi-whinily on the 1001 day Of July,
1933 and the lith day of January,1984,
there shall-bealssued Refunding BOOS
Of Salt Lake City to the wriount of,Two ...
Hundred Thoutiand•Dollars(2200:000.00).
dated Je0uat7 16,1024,,bear00g interest
at the ratelif four per cent (4%)'Per
annum,,.yable semiwannually on July
HE,and jandary 15t00.'"In each year ,
t'',rtn.,07.-"1-J 34LY.-1:VVenr diZIn'a:4.
($1,0410.00) 61..num ed,tram ns
'1.(4). 4:wtiik ilte.C..',4:X.:,- '',,'• ;,I
_....„... .
SECTION 2,The interest failing doe
on said bonds on July 16,1934,shall be
paid out of the general fund of said
City, and for the purpose of reim-
bursing Bald general fund for said.Day-
I numbers
• Thousand Dollars (i60,000.00) • meat OF Lateran finds to net the Drin-
January lath in h of the yams,1930 Waal falling due n old 6o Jan-
to 1939, both Inclusive. Bald bonds and y lbe 1'9E6 and to pay theOn.1,ettInterest fall-
ach of them anal] be, zcept Y to leg due on aid bonds o January IL
O a¢d atvrltlo,in eubatanttallT 1936 and July 16, 1936, there shall be
the following form:to.wlt: levied in the year 1984 on all taxanle
UNITED STATES OF AMERICA, Property within said City, in addition
STATE OF UTAH, to all other taxed s'direct tax corn-
; SALT LAKE COUNTY. 0nt to produce the num of E61,200.00, '
SAIJP LAKE CITY REFUNDING BOND being 6I1.200.00 for interest and•$40:
SERIES OF JANUARY 16. 1934. 000.00 for principal. And thereafter In
No._._ .61,000.00, order to raise the necemary funds with
i Salt Lake City,In Salt bake-County. which at per the interest promptly, s
r
State o1 Utah, hereby knowledge.It- the falls due, and also to consti..
1 sell to be untied hereby promises to pay to tree of ue re- rule- "sinking fund for the redemption
of Bald'bond,whets due,there sham be
.bearer hereof the sure of levied In each of the nears 193E to 19it
i O lawful SAND DOLLARS (61,000.00). Inclusive, a direct annual tax onall
i in lawful money of the United States taxable property 1n eald city, iadal-
aI America on the fifteenth day of Jan- Lion to all other taxes, confident to
uary, A. Do 1 at The National produce a follow.:
:City Bank New.York,In New•York Year Principal Interest Total
i City,-with littered thereon at.the rate 1936 .440,0 0.00 65,600.00 $45,600,00
oufeur per date'(4 unQtil. acid, Dyyey4le 1937 .,40,000.00 2,400.00 /2.400.De
eml-no etly In 11db mosey a ibe payable
600.0eteenth day Jnnuasy and July in each 1936 4@,000.00 collected,
shed.be
Sold taxes, when collected, shall be
year,-commencing rit]bey 16, era mid ins applied iely for.the purpose of 8aY-
inttareet to maturity 9 being
,red. •,IT Ong the interest and principal f said
Interest pone .6 f Cthehful bonds r. ,actively and for no other nue*
.The W.V.issued for then outstanding
et pose whatever ntO the 'ndebtedneo
refunding nbtnlega and alai tstendl Is contractedao tinder this ordinance,pan-
•..bonded-aads0 i. fe of said
any and to cleat and interest,shall have been fully
on of lee et bonds f]Ike date paid,satisfied and discharged,but ninth-
' oust and know, a.'Salt lake ling herein contained.®hall be s
!dryCity 16,tuadfng Mimed under f Jana. Atrued as to prevet said City s con.
16t 1the:' Mimed udder and pure y 'ho
na
( o nt to the s of the of the fah. ,applying10th any other funds that may'be
•toilethe and Laws Etna State re Utah. �n the treaeurY nod vallable Yoe the
The Board of Commieeloaen of Sail
purpose to the payments et Bald 7ntereet
Lake City Asti annually levy a mini- (or ,,rind pun 1, Che ea ree,:i
ectivna
bdent tax'to pay the Internet on this mature, and the levy or leviesherein
ond as it falls.due and aim to coned- itrovl d for y thereupon to that
lute a sinking fund for the payment of extentt be diminished, and the sums
the prinetpal thereof a Oho same falls hereinbe[ore provided for t0 meet the
due. Interest on maid band,and to discharge
.dared thatb all condtf recitedants d de- yreyctntedPa1 f o run due,are t h a t isarhereby en-
thines essential.to the validity of this and said ant for eachy years
bond xlet, have happened and have shall ate.a be Mended In the
0 been done a d that s ery x nuirement nu al appropriation bills pared by
of Ian affecting-the Issue hereof has - the Board of Commissioners of aid
been duly complied with,and that this Salt Lake City In each year remectively,
I bond la within every debt and other SECTION 3. Said bond.and.eh et.
limit preeerlbed by the Constituti0n and them shall be signed'by the Mayo and
paws f mid State, and that the full the Clty"Treaeltecr'and attested by the r• Reorderfaith aeha hereby irrevocablyd➢edged toe tthe toty iidc bendeanhall ebe o siieeeda byc the
•punctual
payment off the principal o end facsimile ignature of the City Treasur-
g , Thu Mayor'and City Treeeurer are
terms. this bond, according hereby autherieed and directed to egmi
1• IN WITNESS WHEREOF, Salt Lake d the City Recorder Cu attest and
•City has caused this bond to be Signed affix the zeal to each of mld bonds and
t,by Its-Mayor and Ito City Treasurer and , the eure to 1 Bald Mayor, City Treer
u Its corporate seal to be.hereunto affixed, and City.Recorder in.ea doing are
nod
•u attested byy Its City Recorder, and the halt be the act and deed of Salt Lake
annexed commas-to bear the facsimile City.
i. a ignature I the City Treasurer, f SECTION 4. Said bonds shall be is.
n the fifteenth day of January.A.D.1934, sued In )iece of the bonds to be
Mayor. funded and simultaneously•with the
oa lotion thereof.
City Treasures. SECTION 0..That'lit o dinancea-and
. ATTEST: ..i. resolutions or parts f. rdinancee and
solutions.n conflict with the'prod-
; (Seal) City Recorder• ions hereof,be and the same here.
To ash of said bonds.shall be'at- by repealed, d after id bonds are
e tached a coupon for h installment saved, this ordinance efet be de
of interest eeo remplated by aid toed. in (terestlable until said bonds and
t which couponsshall be numbered c the Interest.thereon nail have been
autivatye py ning with No. 1,with fully paid. defied and discharged ea
I the s v 1 I of payment and now. herein provided.
bet.of banqq a d halt bear the famlm- SECTION 6. TheCity Recorder la
I lie eignaturggqq¢¢¢¢¢¢of the City Treasurer.Said hereby Instructed and directed to
d
couPons an each of them.except as to om i the ordinance le no be The dates of p yrnent, shall.be in s bstem ammedlatety in one fnew. of The Des-
.flatlNy the following form, to-wit; .D0 let caws, daily printed
f and
e 1 IMulation In and printed d
f Januaary published (n Salt Lake City„Utah.
•On the iftenth day of July, 13.... Sch?-declared
7. That 9 nelatogen. Is
'Salt Lake City,Salt Lake County.State hereby declared d lntha ➢talcs 0a
I of Utah, Ill pay to the bearer hereof the Staid of ComaiSIn; nun bemuse
at The ttnnel City Bank of New of the scarify of raising Sunda with
et
i York, In New Ydrk City, the e of watch to'meet maturing tee the pis e,
twenty a d no-109•Dollars (f20.0l)'ia (d City:'ft 1e safety
et theary for the•peace
lawful m Y of the United Staten of health and safety of the Inhabitants f
.America, being six months' Interest Salt lake City that this ordinance take
•then due on Its Refunding Pond,Series effect Immediately.
of Janus 16,MA SECTION B. NOW. THEREFORE.
emergencl
(Facalmlle signature) P.P.3T ORDAINED that emergenoY
IS halt take
declared and Chia ordinance
City Treeeurer.i tlh 11•nun' rf.infect and be ma➢l force l upon.
nfl e a theday'of it passage, e n
•
,'y+ h ball be nd d mdh of p•pg td by theBeard of FA miselees
bonds the following: Y Balt'L ke,City, Utah, 6a..oT"
(City Auditor's Certificate)
tiPnY tnta'4th day of January,A.D.s
hereby'certify that tht bond is 19E4
the lawful debt limit f Salt, LOVID MARCUg
""`City, Salt Lake County, State of gfeyee,
"i $nfl is homed according to law. Att•
h',. din Salt Lake'City:Utah.a lOTfdEL lIAty 11.0pg
teestatement.. r pre- to q) City kse➢rdt'it
d-g m t contained is Fatah.
L
a �, a pon le all recitals Pntienod Jand►fT 0.:;H4a, ;
t•t ti f'thf ordinance.
'ite �'!�IG by td d, d and fl tared
th (y,. 1 Chor.-
sa .r events it'd protnleee•o.
said' .s a City a and that the rape
n e lone and statements statements
therein
the representations d tr stated of
said scityent and It at Bgoaa further stated and
municipal c red Poeeo ,, oflt athe flret elass
under the Constitution and Laws of the
Sete of Utah.
)
Olna
MP§
c _ ••••
F.
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