104 of 1947 - Providing for the issuance and sale of $1,250,000.00 Tax Anticipation Bonds Series of January 1, 194 0,I ILL;
C1 t';, r', 01, .11,1111,r1Y
-L'Aorc. 1-:.1.. k.)-(
fun a 11 t,), clflillcoi trcl U '1',
Olt; :10 T. rear 1918 tn, ;
thc rovennet3 I
1,4.; -241i Three LLiliion One Hundred Three Thc)usl)nd :Ply° ...tundred
lforty-Seven Dollars ( 3, 03,547.00) - - - - ,
irtindred
;,,-Slur ar,:venue :11,'„ • ;,('
Thirty Thousand Three Hundred and. Three Dollars( 6,C30,303.00)
,
' or' -hit' 5,,0 ituo,
rLc.n.iroc nu."' I
r !".E air
u'PJ,11:
Section 1. SilL da,i
a crc uity for 1.'re t');'
Sc nc ''or 5 c. :%"-t.:,:r• bo:".ca. Ill ; C Li, 1.111.r.
T' Lori' Inn L ;,i
-Inuul-)tccr'7,sn n:z.11 riu,.1oc,r"7. i,) —
five (;','5), boll: inci_u,'1,-vC, I'".:nr-,11nc.t,ion -'/L-1:1;; Ii c -;
59,0r)1)) r' J. j 1,,I
611' !de j, uf.r:,,, rz.L,c o CrC :,,,; I.
per cord: 1,
,c)11; 121 ;,: )'",c. ;
or,,_, 5 illf I L
1)c tari (11.1 ;.„
I)- in ••Ll Cit.;;
I); 1-1,e C. a ,'ICD1,,af nri
I
the coupons attached shall be signed with the lithographed. or engr.ved
facsimile signature of the City Treasurer. Sid bond: shs.11 be registered
in a book kept by the City Auditor for that purpose and tle City Auditor
shall endorse on each of said bonds the certificate required by law. Said
bonds shall be in substuntio.11y the following form, to—wit:
-3-
C:131.3.;1!;Y O.!!
t,; it,,:_'_ UT. --; :I: .: ..; 1.,','..1J, :,,ID
Li -,-:•Y .1., 1.;/,?.:.
Co. ,j,.;,L,,Ju.00
Ui , ; i b.,: Go,,,,Ii-:, ok L.,..,..i., ,,,,.:... rry., .07 :,( ,lt: iH ,
l'Ci=,•i,:. co.l_e,:,;;Cr, i I ttC,_. t-_,. -.',. t 1!]':.C.-L.i t,: ,•It 1....'0 CC_ant. -'":,..: \.,,,l1
Pr0MiSC to oey to the bc,,,rer hereof tin: cum of
1-11(7Y 1 TX1,,T(1, -1 ( 5,,,,),-). )
i...,. ;,uch fun,z3 C. t:CC, nu Lc_ J( ,(.--, :-,i1 .f ymen L, oi. le..«,, u. •J I CC
,'CI. ,.,l ,
interoct (‘-n -1,1 lc hone„ 1,-,:e tc::-ijor fof oebio, (iu,. 1,-J.- Uni te(, , ,, 1 „ o," n, „i,, , •on 1:11E_ :f1i.;,:,(L (.1,y 0: J(.-uut-ry, 19.):), t. Co' 1.1....;;i0i.L.1 (..:.L:,
cc Y. T. :: City, 'Jo,, Yorj.-., ,..1::,L ini,crer,t .:.1:.;.,',,,,.-p.: '.t t:,..:: l' i-: W :I: (10 10/100
per cent (1.3 0:.) pc' Lum-u.1, Co. (.1(.-.;-,(:. un LILL paLLO. ,,,y:,1,_(„0 (:-.C.:1:ii-:-ilillt,i.i: Lii
Like :Toncy on July 2., 11V,',, .,.._nf, on J,-,nu.,:e:,- 1, 194:), .Siti.:1 in to,:e0-L to -x(turity
being re1u-Lx,.).-t-,,c1! b:, lnter(ect coupone Core.D ;-0t,,chd.
TILL., boad to 011e of L, eerie-, of tv,e(it:,-,,i-v., (;,;) 1(x, : -1-1 1'Li-J.
:.f:Ccct, ou:r,b,-.,r.;_ci fi-•;,n oiv, (1) 1„o -0..en-,.,:,-fiv- (, ',i), 1j./tn Lilo O..tL,i-L,,,,
Li ,O...; ";..-7r1b 1.,::-.,, CI;,,- 7,,,,,, '.-nt1r-Li,,, (,io„-1 B.,1110,„ (..::„ri :,- 0; ,r7 nu ,•;,, .1, 1.'... .,"
f,,,.. ,;-.,0 t:.,,:r... -J-3.t.., su:: of Oni- H1.1.1_1-c) T".70 .-illt1., r,3:: ,' tf.. Pii.t,' Tilul ,..fici (.;,-)I.j.,,,,.;
(!);‘1,;.5.-.),000),, i2011ea .ral'allal, tO Vect....rn i'_;-8-6, utE.h Uojo Lunn b.-1,:,,,L, 19,(,;„
1
The City of ;j,-,11e hr-,,ko City :3,-IL.1.1 .L.:cry ir. ti):: ;,,%.::-.- 1.;/,2, z.. ;;....ii'H.c.1,,..L.
1
;x to -((--,y 1:lCC •,,l.i.ci. ,,1 L- -C into...,:ot, on 1,11i: 0c-,1,_ - e t:( oho,: 0;!..LJ. f, L l. ,,10,
,.ocx, -1,113.L. bon, :IL, ik,,-,Luxi in :::11:-7 Cii:. .:1_,1,,:: C. ;,,161 !!74. _'..': ,Or .../...,.,.. Ir.;),:,,,.
It to 11Ell'eb:., Certi('.-1_,-(1, roctt,co ton0 decicre,, tI,L,t. LH.: o,I.-c_ I.(,,o;•,-
ocinc :, of ,,,,i 0 Ci--,y- ]'1,:rC:'..,:' .L 1C '....:. 1:3 110 t ill t., (2 , Of ::,.,y 1.. .:., 0, ;.,.1,, C j,-;-,:,
CO ix, Lovio6, for thc, on,-,:cL-ni, -„,,,,,r 119,,,,,,„ (nu, (,n,t ,, 1(1 i.0(,o1,1,,--o-Jh -., (; ,.r, ,:;
c,utr:cto,, for no ,,no,,o;,x-_, for Lhic1.. . i.'. :/-..le... L,i : 1,VA."Li..
IL .1-1,„ Cerce,. ceL.-•!,,-1.-11.ei1, recL X:',, , (0 doclroLnx, -. -1:. („1-:. cone1.1. -,',(i, 1
C c 1,(; ,,,o thic;(.; c;c0J0.(.1_,1 t,, -1..ii,„ v---(1„i, 1.ty- o.-.( C-.i.3 U00,f ,'iu-t, 1,-v, ;I; , Cl ;,, • ,0 1
hovc, bee,: 0cao, ,Lo.h. -- , t --,vcr,-; -f•equi --,lent of i(o,L, t,-11 C.C6i_iti: i.. ,.' j_ n,“
is i t-.1:1_,--, (7,:r:, ,,,..lt, C:l.,,
lir'llt, 21-E:::crl.bect b-,- to(0 (f-hi,-1,1.-,ilt,0 I ,,,-,,, ..1,,.;' .f: . :Id ,:i,:. ,.., : ,E ,...1: . : j. ,!.1.
-rli1C.".41,_!.. ,Z,,,:',5.1Crit. O.: O `.''' ,,,i.r ! `,J.: tilttl,".! L, Ot t•I.,.1 I., a, ,CC'CC"' :,
tor:es.
liy :11,L. JLyor em., 1„1-,(1; Git,y 1-0-, ;J. •, i.1,,L; cor,,o—1-, :c.r.1 L(., P c:cou,i.i.- • ',• I, ,,,,
enc (-.(:,.beL:-'eoL1 1): t;!'..C: ei..:.:,- ,'I.C1)-• C...5 II :72 1,.-• ,.nneYed U.K.1:, ,,,, ' .!i,, , Co!, lil,:-,
,I ,Ir•t,l1.'(i ,r.!,' f..'.e Cit.:- Tr:, ;,,lp-e,,,, , L; pi! 6:...• 1, c, ,:.r,y oi- ,,,,,,,..:
.,%' """---------- 1
r I1(1,11'11: / y--
La.-497,'vti• - • — -
(;-, n1h)
To Each of said bonds shall be attached a. coupon for each installment
of interest contemplated by said bond, the coupon due July 1, 1948, to be
numbered. one (1), and the coupon due January 1, 1949, to be numbered two (2),
with the several dates of payment and number of bond, and shell bear the fac-
simile signature of the City Treasurer. Said coupons shall be in substantially
the following form, to-wit:
(Coupon)
No. 075.00
July,
On the first day of January, 194 , Salt Lake City, in Salt Lake
County, State of Utah, will pay to the bearer hereof the sum of Two Hundred
Seventy-five Dollars ($275.00) in such funds as are, on the date of payment
hereof, legal tender for debts due the United States of America, at The
National City Bank of New York, in New York City, New York, being six months'
interest then due on its Tax Anticipation Bond, Series of January 1, 1948.
(Facsimile Signature)
City Treasurer, Salt Lake City, Utah
Bond No.
There shall be endorsed on each of said bonds the following City
Auditor's Certificate:
City Auditor's Certificate
"I hereby certify that this bond is arithin the lawful debt
limit of Salt Lake City, Utah, and is issued according to
law.
City Auditor, Salt Lake City, Utah:"
Section 2. fill the covenants, statements, representations and agree-
ments contained in said bonds are hereby rdopted as covenants, statements,
representations, agreements and promises of Belt Lake City, Utah.
Section 3. The Mayor and the City Treasurer of Salt Lake City
are hereby authorized and directed to sign and execute saia bonds and the City
Recorder is hereby authorized and directed to attest and affix. the seal of
Salt Lake City to each of said bonds, end the coupons attached to said bonds
shall be signed by the facsimile signature of the City Treasurer, end. the
City Auditor is authorized and directed to place upon said bonds the
certificate in the manner and form set forth above, and the acts of the said
Mayor, said City Treasurer, said City Recorder and said City Auditor in so
doing are and shall be the act nd. deed of Salt Lake City.
-5-
tiection 4. ThErt th,.; Lorre of City Comnissionera Jhall levy in
the year 1948 n surficient tax to dev the drssiosi rmo interest en id bonds
as the crime shall fell due, snd for the try riot ii tfnuff, in full Lith,
credit and tesin of Salt fs:he City nre hereby rrrvocnn hI J d fnor:
the Soerd oi City Ca...scisioners hereby covenfnt th boiss-of n-' , io
bond:, to levy in the ye r 1)48 sufficient ts.-ien to drovids ice trioeynerst
oC the princiest nH interest or sir, bonds.
Section 5. The First Security Trust Compro. Lod . c.: 0Cij,t.,f t") .
Fan Lake City, Stab, Levin : offered Co durchaae Late bend!. et t crier. faftin-
ffectory to this Board of City Coruni,ssioners, which offer %se the bost end
most advantzgeous received for the purchmfo or said bond: , or, his(. offer Isfa
heretofore been accepted ba thie City C,splisdion, the ..ccotEnc, of offer
be and the s me is hereby ra-zaried anc: conf'sreed, ,id the City Tofs orsr is
ber,noy futhorized and instructed to fisiiver in n'ne I LiL.ri To Dssised
Fifty Thousand Dollars ($1.,20,000) Tax Antiefinst.lon Fonds to the nurcioners
thereof rs fnd 7hon the said bonds shall be and are leg:dia../ isauno dnd deLive
1
cued, upon receipt of the ourcirfe ,,rico therefor.
Lection 6. The City Recorder is horeby instructed fnd directed to
cure copy of this ordinance to be puhlishea immediately in one insun or the
Deseret News , a daily newspal,or oil gendri circuistion in :nil eriatad
and publiehou in Salt Lake City, Utah,
Laation 7. That an emergency is hereby declared anL in the onirion
of the Icr r nf City Coumisaionern becruse of she neceasity nor ionic,
the current exdenses of said City it it, necos,,ry Co the 'El cc, hefalth -nd
safety of the inhabitants of bait Lake City that this ordinance .4-11 t1,1,..e
effect, at once.
Section 8. This ordinance Elfall take effect upon the first nublicstion.
PLEed b;,,- the Bosrd of City 1Lmmissionurs e= brat Lake City, ut,h,
9th o‘,3, of f ,DecembeTi.
D.
1947.
Muyor City, Utuh
, .
City Recorder, Salt Lake City,
Bill ,40. 104
Piflai:=1,7,6 December 1P,, 1947
-6-
--- _ ---
Glade Aff leek
moved, hac,nded by Co..dh:,,iuner
thhL the ordinance be Pdoted, Ihich notion C:.ITiE,I, on the collotin unLnimouh
roll coil Note:
D. k. jlfleck Cor,:disioner "I,Yen
John B. Matne:,on C,xlmisLioner "Aye"
L. C. Romney Gc-micrioner
Frec', Tedeaco (!omnihhioncr "P7reti 4
ii,arl J. Glade, 4yor ce4;434aF.ioner ,,p
:.'
4•::-1 ...., i:'-' 1
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1 -,'.. ,
4 i , , ,. ,
,„,, ,,n, , ,,,,.qv1,-Yor, ' (.46:, U
. .„,
city4Becorder, ;...alt Lake C , teh 41,) '..1
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' This bond'is one at.series'of propetY-
i...4
'4rit*Igt)41''I't In11"ror:g.,,,t1-fA 411',:both"Incluelve, and known .
, Lake Dity Tax Anticips_tion Bom”,___ ______
- —
•
Affidavit of Publication
STATE OF UTAH, }
so
County of Salt Lake
. • . •- ----_____
Lege•Not • .
ORDINANCE
AN ORDINANCE PROVIDING FOR THE
ISSUANCE AND SALE OP ONE MILLION
TWO HUNDRED AND FIFTY THGUSIAND 1) 2 0 CI{ey
DOLLARS (81,250,000)TAK„ANTICIPAt
TION ISONDS•OF SALT LAKE CITY,
UTAH, SERIES•OP.JANUARY 1,'1948.. Being first duly sworn,deposes and says that he is the ad-
WHEFiZAS,the.le in Immediate and
pneasing need-.for the...Ring of funds.
In the„amount of One•MPlion Two vertising clerk of THE DESERET NEWS,a newspaper
Itandred and Fifty Thoueand Doilars
(6/X0,000).for the purpOse of meet-
ing the•current expo.. of Salt Lake
City for the-Year 1948 WW1 the MG' published in Salt Lake City,Salt Lake County,in the State
meet of the taxes for the year 1948,and
WHERE/PS,the estimated tax revenues
of Salt Lake City for the year 1948 of Mah.
will aggregate Three Million One Hun-
dred Three Thousand'Five Hundred For-
ty-seven Dollars (43,103,947.00) and the
total estimated revenue froin all source.
will aggregate Six.BUM=.Eight Hun..
dred Thirty Thousand Three Hund'd That the advertisement
.p..
f*44.argegif tail'(A4EIDE0E-00),.and
! ,A e sum e (0.•Millipn Two.1111ndred and Fifty•Thousand Ordinance Bill 104
Del-'
.logo ($1,250,000) retuned now to
raised le not in excess of said revenue'
as estimated for the year 1948. Salt Lake City Corporation
NOW, THEREFORE, BE IT OR-
DANCED HY THE BOARD OP COM-
mISS/ONERS OF BALT'LAKE CITY,
'Utah:. .
Section•1. That said Salt Lake City,
Utah,•ear the purpose of meeting cur-
rent expenses of said City for the year
1948 until the payment of taxes for the
year 1048,shell borrow of One -
Million•Two.HOnd thered and Fiftsumy Thou- was published in said newspaper, in its issue dated, the
sand Dollars ($1,260,000) and'for that '
Purpbse Ass''evidence of:Dish...hp:tabled,
ItsgeguT TiVelitycalgs T241 bends
numbers le. (1) to twentycfive 125):
day of A D.19
both Inclueive, in the denomination of
-1
fifty.Thousand Dollars.1$50,0001 each:
Said bonds shall bear date-of January . . .....__.
•1,TP48, and..shall be.due tend pay.. and was published '-)ec 10, 1947
January 1,1949,bearing interest at the
rate of one and 10-100 per cent(1./0%)
Per alumni, payable soil-annually on.
July 1,1948,and,Jantiary.1,1949,both
princiPal and Interest.being payable at the last publication thereof being in the issue dated the
The National City Bank of New York, ,,
55 Weil Street, New York,.City, New
York. said,bends shall be designated day of A.D. 19
"Salt Lake City•Tax Anticipation Bonds,
.Sables of.January 1,194g." Said bonds
/I-,
tg"Cibt;•Yr.r.Ve'i.t.h, 41ttteg tig CZ V! •
City Recorder under the acit of the
City,.and the coupons attached'shall be ' Advertising Clerk
signed with the Jithognaphed' or en-
graved facsimile Minato. of-the City,
Treasurer, DORI-bonds shall be retie-' 1
tered In a dit bo.Oh by the'City Au-
or for that purpose and the City
Auditor shall endorse en'ea. of said
bonds the c.tiNcate Tegulted by'law. '
Said bonds shall be in substantially the /
following form, to wit:' I . •
,. ' --oll to before me this lit h 'day of
'SPATE 0 X"-,'-'-01-''`'III-t
COUNTY'OF' .''_,.y.'",
SALT LAKE'CITY T A.D.19..47_
BOND SERIES OF ' , ‘;',,
PRESENSO:
That Salt Lake City, in the County
at-Salt Lake and State of Utah,hereby
acknowledges Itself to be indebted and for
value received hereby.proMises to pay
to the bearer hereof the sum of
FIFTY,THOUSAND DOLLARS ,
..)
Notary Pit Ze
in such funds as are, on the date of 1
payment•of the principal of and the, (
interest On,this bond, legal fender for.
debts due the United States of Ainerlea,
on the first day of January,1949,at the
National City Bank of.New York, in
New York City,New York;with Interest
thereon at the rate of one and 10-100 per
Ste (ii14 Pealli,ve'pta)yagfer:AT:Marie:11'y
to like money on July 1. 19411,,and on
January 1,1949.said Interest to maturity
)at represented by Were.'coupons
•
This bond'10 one of a cefles of Ltfenty-1
•Me CM)bends of.like tenor and effect,
Arced from on (1) to'twenty-five
both inclusive, and known
Lake City Tax Anticipation Bonds
Series of January 1, 1948," for the
aggregate sum of.One Million TWO Hun-
dred d Fifty Thousand Dollars
(9-0-6,,000),issued pursuant to Section
1E8,6,Utah Code Annotated 1943.
.The City of Salt Lake City shall levy'
in,the year 19.48 a sufficient-tax to
Pay the prinCIPRI and interest on thin
bond s.the some shall fall due, and
Nils bond le Welled In.anticipation of
lµsh taxes for therear 1948.
-It In hereby certified,recited and de-
clared that the entire indebtedness of
aaldt,City'hereby'Mourraro le not-,in
it eas of the-taxes'of card City t0 be
evied for the'eurrent year 1948,and that
mid indebtedness and ie c tracted
lot the purpose fore s which said taxes
e levied,
oorat 1s hereby certified,recited and-de-
clared 'that all conditions, acts and
things a manual to the validity of this
bond exist,have happened and have been
d that,
law
affecting t„6 issue rthereof requirement of hen been duly
complied with, and that this bond is
within every debt d other limit pre- Section 5. The First Security Trust
scribed by the Constitution and Laws of Company and associates of Salt Lake City.sold State,and that the full faith and Uta„,,having offered to-credit of said Salt Lake City are hereby bonds t pricesatisfactory—tohale this
lrrevioebly Pledged to the punctual pay- Ho¢rtl of City Cammlealoners, hlcli of-
nt of the principal and interest of
far a-the beet and
this bond according to its terms. a Sved for tall purchase tOf saidtbonds,
IN WITNESS WHEREOF, 'Salt Lake s bonds,
City has caused this bond to be signed - and hioh offer'has heretofore been
accepted by this City Ce siniastce the
by its Mayor and.its'City he Treasurer,its ace-pEahce-of said offer be and tIN same
corporate al to a City
Renn affixed, hereby ratlfletl- nd c firmed, nd
d atta.9Eed by the City Recorder,and
te City Treasuter 13 hemppg'ant„drized
'the annexed coupons to bear the facsimile and Instructed to deliver said One Mil-
'signature of the City Treasurer,,as of lion Two-Hundared'and Fifty'Thousand
I the 1st day of January, A. D.;1.948. Dollars (the' ,-0001aa Tax Anticipation
Mayor er Boi Labs City,Utan. Bonds Eo the pdFehtlig3al!ra thereof as and
City Treasurer,Salt Lake C1tY,I ten, legally tS Sued aid
nododeliveiadl upon and-are
ATTEST: •
t
City Recorder,salt:Lake City,Utah. of the purchase price-therefor.
f BEAU' I Section 6:.The City Recorder is hereby
To Each of mid bonds shall.be at- Instructed and directed to amiss'co
Of
Meted e. coupon for each installment this ordinance to be published immediate-
of interest interest no teniplete1 by said bend, ly in one issue•of the Deseret News,a
the.00upon due July 1,1940,to be num- clatly'newspaper-of general circulatiofi in
berm/.one(1)',and the c pop due Jan- tl printed and published 1n SaIt Lake
uary•1, 1949, to be numbered two,(2), Clty,Utah.
I with the several dates of payment and •Seeder 0-That an emergency Is here.'
I number of'bond,_and shall beer the by declared and 1n the pinion•of the
.'facsimile elgnatrtre of the City Treasurer.• Boers of City Commissioners because Cl- '
Saidcoupons shall be in substantially teen esalty for funds to meet the;cur•
the following IO[m, to-colt: tepenses of said City it Is necessary I
(Coupon) to t1.:::::::.peace, health d Cats-f the
No $215.00 mhanta of belt Lake Clty-that this
On tine Host day of July ,Lake
Coll y' �ree e,ThIsaordlnance shall take eP-
194--,to of eke-City,1n Salt Lake Coun-
ty,State of Utah,will pay to the bearer Yect the fe Boa bllcatfon.
hereof-the sum'of Two Hundred Seventy- Pae by the Board of City COmmis-
five Dollars($278.00)in., en funds a ay o f Salt 1.aka Clty,Utah,this nth
n the date df payment hereof, day f December, A.D. 194V.
legal tender for debts'due the United • ' EARL J.GLADE,
Staten 1 America,at The.National CIW -Mayor,Salt Lake City;Utah.
Sank of New York;In New.York City, CARTMTE6 p'
New York,being six months'Interest then Cit"A AITNER,
due on itsTax Anticipation Bond,Series Recorder, Salt Lake City, Utah'.
BEAN)
Dt'January I.(Facsimile
- Billb sNo.he 104.
r,Sal be. itur'e) Published December 1.0,1D4T. -i'.'
City Treasurer,Salt Lake City,'Utah i
li Bond No ,... - -
There shall be endorsed.on each o1
1d bandss the followinowing.City.Auditor',
Certificate:
City certify
Auditor's Cer tltste
"2 hereby r, tlteb that this bond is
within, the lawful debt limitedof Bali Lake
City, Utah, and is Mimed according to
law. ..
-City'Auditor, Salt Lake City, DWI...
Section 2 All the covenants.,state'I
ments, representations and agreements'
contained,in said'bends are hereby—adopted tatlons,'agreements tern d en➢omises
of Balt'Lake City;Utah.an
Section 3, The Mayor and the City
Treasurer of Salt Lake,'Oity,as e hereby
authorized and'directed to sign and exe-
cute said bonds and,the,City Recorder
1s hereby authorized and directed is
Cheat and affix the seal of Salt Lake
ity to each of .said bonds, and the
coup One attached to 'aid bonds shall he
elgned'by the facsimile signature of the
City Treasurer,and the City Auditor is
authorized and directed,to place upon
said betide the certificate in'the manner
and loom set forth above,and the.ants
of the said.Mayor,sold City Treasurer,
inala -doing
otRecorder nds Shan City
Auditor
I and-deed of Salt'Lake.City.
of Clt
Commissioners That thet levy ins the year
1948 sufficient tax to pay the principal
and interest'on said bonds as-the same
shall fall due, d'for the payment of
said bonds-the full faith,credit and tax-
ing power of
fp Galt Lake City are hereby,
city Co-irrevocabmmissionereds and hereby covenants
rden of
nts-
winith the the year'o1948 sders ufficientd bta taxes to ton pro o-
ivide for the payment of the principal and
nterest of Id bonds.