114 of 1980 - Amending sections 20-17-5(a), (c) and (d) relating to ID bond and notice required, allowing a slight SALT LAKE CITY ORDINANCE
No. 114 of 1980
(Id. Bond and Notice Required)
AN ORDINANCE AMENDING SECTION 20-17-5(a), (c) and (d) OF THE
REVISED ORDINANCES OF SALT LAKE CITY, UTAH, 1965, RELATING TO ID.
BOND AND NOTICE REQUIRED.
Be it ordained by the City Council of Salt Lake City, Utah:
SECTION 1. That Subsection (a) of Section 20-17-5 of the
Revised Ordinances of Salt Lake City, Utah, 1965, is hereby
amended to read as follows:
Sec. 20-17-5. Id. Bond and notice required. (a) At the
time the application is made for a coupon book license, the
applicant will file with the city recorder (1) a cash bond for
$15,000, or (2) an irrevocable letter of credit for $15,000, or
(3) a corporate surety bond issued by a corporate surety
authorized to do business in the State of Utah in the sum of
$15,000. The bond shall run to Salt Lake City and to any person
injured or damaged by reason of any misrepresentation, fraudulent
act, or failure to perform as promised on the part of any person
involved in the sale, distribution or redemption of coupons or
coupon books.
(b) * * *
SECTION 2. That Subsection (c) of Section 20-17-5 of the
Revised Ordinances of Salt Lake Ctiy, Utah, 1965, is hereby
amended to read as follows:
(c) Procedure for claims on cash bonds or letters of credit
filed with the city. Any person making a claim upon a cash bond
or a letter of credit filed with the city shall submit in writing
a statement of the claim which statement shall be investigated by
the legal department and a recommendation made as to whether or
not payment should be made. Determination of the Mayor or his
designated agent shall be final.
11.E
SECTION 3. That Subsection (d) of Section 20-17-5 of the
Revised Ordinances of Salt Lake City, Utah, 1965, is hereby
amended to read as follows:
(d) The period of time for cash bonds. All cash bonds and
letters of credit shall be held for a period of one year beyond
the expiration date of the last coupon contained in the coupon
book or if there is no expiration date for a period of 5 years,
said cash shall be deposited in the treasury of Salt Lake City
and no interest shall be paid thereon by the city to the
depositor.
SECTION 4. This ordinance shall take effect upon its first
publication.
Passed by the City Council of Salt Lake City, Utah,
this 4th day of November , 1980.
CHAIRMA
ATTEST:
r
CITY RECORDER
Transmitted to Mayor on November4, 1980
Mayor's Action:
MAYOR
ATTEST:
CITY RECORDER
(SEAL)
BILL NO. 114 of 1980
Published November 13, 1980
-2-
1..1 4
Affidavit of Publication
STATE OF UTAH,
ss.
County of Salt Lake
SALT LAKECITV ORDINANCE Shana D. Conaty
Ne Heel MN
(it BOW and Notice Required)
AN ORDINANCE AMENDING SECTION 21 ),(c)
nd(d)OF THE REVISED ORDINANCES OF SALT LAKE
CITY, SALT UTAH,1965,RELATING TO ID.BOND AND NOTICE
REQUIRED.q
Be Itorrdainedr.theeat �necinn';illeaSanLakBSectIon 2Cp1ty,Utah of:ne Being first duly sworn,deposes and says that he is legal
SECTION 1.Revised Ordinances of Salt Lake Ole,Wan,1965,Is WreBy advertising clerk of the DESERET NEWS, a daily
amended geq.1.5.Id.Bond a (except Sunday) newspaper printed in the English
m sec.2hIh5.Id.Bona and notice required,(a/At the time
ine apollcatlon Is made fora coupon Wok license,the appII-
dantwllltkewl the city recorder(I)a cash bond for 519,0w, language with general circulation in Utah, and
r(2)an Irrevocable letter of credit for 515,000,or(3 canop-
y or
surety IwrMlssued by a corporate surety authorized to do Published in Salt Lake City, Salt Lake County, in the
business in.i5 State of Utah In the sum of$15,UW.The bond l�
shall
by reaMrqNi{�O�f any ke itygnii misrepresenl misrepresentation,fraudulent or dam-
o� State of Utah.
failure to oerforn as promised on the part of any
them person in-
volved in ,Selo,dlslrlbulion or redemption ofcoupons or
cpoeoeb9pk5., That the legal notice of which a cop
y py is attached hereto
SECTION 2.The Subsection Ic1 Ot 5¢cIlan 20.1775 of Me
Revised Ordmanc@a of Salf Lake City,Web.1965,ie hereby Pub notice of Ordinance #114 of 1980
e dedforeure (lows:
(cl Profte cit,A claims on cash bonds lora loners of credit
iite0 with ee city.cre it milt, e s upon <sh i
Wild or 5letter pf cof It filled ill lieR sle shall sthou e
inviestigated by 11Milee I dopealmenthand alai commendetloi,
made as to whether or not payment should bet leads.Delerml-
naiion of the Mayor or his designated agent shall be final.
SECTION 0.That Subsection(d) 1 Sectlon 90,12-5 of the
Revised Ordinances of Salt Lake City,Utah,1965,Is hereby
amended to read as follows:
(d).The pond of time(or cash bends.All cash bonds and
letters 01 creed shall be held for a period of one year bosons.
the expiration date of the last coupon contained In IW coupon
seal cos
hf hallebe deposited n thee atrreasury ofDSat LakeeCity
I and-no interest shall be paid thereon by the city to the deposi-
tor.SECTION a.This ordinance shall lake effect upon Its first
publication.
Passed by the CI1yy COuncll of Sall Lake Clty,Utah,this
•nth Asc 0l November,1980. RONALD J.WMITEHEAD N Va
cMAIRMAN was published in said newspaper on V 13, 1980
ATTEST'.
MILDRED V.HIGHAM
ClrY RECORDER
Transmitted to Mayor on November a,1980.
Mayor's Action'. TED L.WILSON `
MAYOR .).. - .... 3
ATTEST: Legal Advertising Cterk
MILORFOV HIGHAM
C I'tY RECOfiUER i
BILL Na l l a of 1980
go/dished November 15,9980 _-__..__ -A-d0 ore me this 21st day of
boy. A.D. f9..8.0....
Notary Public
My Commission Expires
Feb. 11, 1982