13 of 1961 - Authorizing and directing the issuance and sale of $14,000,00 of Special Improvement Bonds for Curb ROLL CALL Salt Lake City,Utah, March 9 ,196 1
VOTING Aye Nay
I move that the Ordinance be passed.
Christensen . .
Harrison . . . t
Piercey . . . e w�>
Romney . .
r AN ORDINANCE
Mr. Chairman .
T
Resuh . . .
AN ORDINANCE OF SALT LAKE CITY, SALT LAKE
COUNTY, UTAH, AUTHORIZING AND DIRECTING
THE ISSUANCE AND SALE OF IMPROVEMENT BONDS
OF SALT LAKE CITY, UTAH, CURB AND GUTTER
DISTRICT NO. 322; TO FINANCE THE COST OF
IMPROVEMENTS MADE IN SAID DISTRICT, PROVIDING
FOR THE AMOUNT AND THE EXECUTION AND FORM
OF SAID BONDS; FINDING AND DECLARING AN
EMERGENCY THAT THIS ORDINANCE BECOME
EFFECTIVE IMMEDIATELY AFTER ITS PASSAGE,
APPROVAL, AND PUBLICATION.
WHEREAS, the Board of Commissioners of Salt Lake City, Utah, has
heretofore adopted proceedings for the construction of improvements in
Curb and Gutter District No. 322, and the Ordinance of said City confirming
the assessment roll for such improvements having been duly adopted and
approved on the 2rd day of Degtn¢,er , 1969_, and
WHEREAS, notice of assessments to property owners in said District
has been published in accordance with the requirements of the laws of the
State of Utah and the ordinances of said City, and notice of assessment
has been mailed by the City Treasurer to all the owners of all property
assessed in said District, and
WHEREAS, the total cost of the project was $ 32,241.62 of
which the City's portion was $ 15,104.04 , leaving an amount of
$ 17,137.58 as the remaining front foot cost, of which the
City's portion against property owned by it is $ None , the
balance of the front foot cost, after deleting the City's portion, being
assessed against the abutting property owners in the amount of $ 17,137.58
; that during the fifteen day period following the effective
date of the ordinance levying the assessment, the owners of private property
in said District have paid $ 3,995.07 on the principal of their
assessments, and
WHEREAS, it is the opinion of the Board of Commissioners that
Special Improvement Bonds of said City shall be issued and sold for the
purpose of paying for the improvements in said Curb and Gutter District
No, 322 for Salt Lake City, Utah.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS
13
OF SALT LAKE CITY, UTAH:
Section 1 . There shall be issued $14,000 Salt Lake City, Utah,
Special Improvement Bonds of Curb and Gutter District No. 322, said bonds
to bear date of the 23rd day of December, 1961, said bonds to mature with-
out option of prior payment to bear interest, numbered, and In the
denominations as follows:
Bond Numbers Interest Rate Amount Year
(All Inclusive) (Per Annum) Denomination Maturing. Maturing.
i 5.00% $1 ,000 $1,000 2-23-61
2-5 5.00 100 400 2-23-61
6 5.00 1 ,000 1 ,000 2-23-62
7-10 5.00 100 400 2-23-62
11 5.00 1 ,000 1 ,000 2-23-63
12-15 5.00 100 400 2-23-63
16 5.00 1 ,000 1 ,000 2-23-64
17-20 5.00 100 400 2-23-64
21 5.00 1 ,000 1 ,000 2-23-65
22-25 5.00 100 400 2-23-65
26 5.00 1 ,000 1 ,000 2-23-66
27-30 5.00 100 400 2-23-66
31 5.00 1 ,000 1,000 2-23-67
32-35 5.00 100 400 2-23-67
36 5.00 1 ,000 1,000 2-23-68
37-40 5.00 100 400 2-23-68
41 5.00 1 ,000 1,000 2-23-69
42-45 5.00 100 400 2-23-69
46 5.00 1 ,000 1,000 2-23-70
47-50 5.00 100 400 2-23-70
Bond principal and annual interest shall be payable at the office
of the City Treasurer of Salt Lake City, Utah
Section 2. That said bonds and the coupons thereto attached shall
be in substantially the following form:
UNITED STATES OF AMERICA
STATE OF UTAH
COUNTY OF SALT LAKE
SALT LAKE CITY, UTAH
SPECIAL IMPROVEMENT BOND
CURB AND GUTTER EXTENSION NO. 322
$100
$1,000 No.
KNOW ALL MEN BY THESE PRESENTS:
That Salt Lake City, in the County of Salt Lake, State of Utah, a
municipal corporation duly organized and existing, for value received
hereby promises, out of funds available for the purpose, as hereinafter
set forth, to pay to bearer the sum of
ONE HUNDRED DOLLARS ($100.00)
ONE THOUSAND DOLLARS ($1,000.00)
on the 23rd day of December, 19
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13
in lawful money of the United States of America, with interest thereon at
the rate of five per cent (5%)per annum, payable annually in like money on
December 23 in each year, beginning December 23 , 19 61 , upon
the presentation and surrender of the interest coupons hereto attached, both
principal and interest being payable at the office of the City Treasurer, Salt
Lake City, Utah. In event of failure to pay this bond when due, it shall draw
interest at the rate of eight per cent(8%) per annum until paid.
This bond is drawn upon the City Treasurer against the special
tax levied uponthe property included in Curb and Gutter Extension No. 322
of said City, to pay the cost of Special Improvements constructed in said
district or extension, under, by virtue of and in full conformity with the
Constitution and Laws of the State of Utah, and also ordinances of said City
duly passed and made a law thereof prior to the issuance hereof.
A special improvement guarantee fund has been created by said
City as provided in Article 8, Chapter 7, Title 10, Utah Code Annotated 1953,
and said City agrees that at all times during the life of this bond and until
payment thereof in full, said fund shall be at all times maintained. This bond
is payable exclusively out of said special tax and the said special improvement
guarantee fund, and neither said City nor any officers thereof is holden for the
payment thereof otherwise.
It is hereby certified, recited and declared that all acts, conditions
and things essential to the validity of this bond exist, have happened and have
been done in due time, form and manner as required by law, and that the total
issue of bonds of said City for said Extension or District, including this bond,
does not exceed the taxes levied to cover the cost of said improvement and that
all of said taxes have been lawfully levied.
IN WITNESS WHEREOF, SaltLake City, Utah has caused this bond
to be signed by its Mayor, and attested by its City Recorder and drawn by its
City Auditor on its Treasurer, and the annexed coupons to bear the facsimile
signature of said City Auditor, and this bond to be dated December 23, 1960
/ J. Bracken Lee
Mayor
/s/ Louis E. Holley
City Auditor
ATTEST:
/s/Herman J. Hogensen
City Recorder
(SEAL)
(Form of Coupon)
No. $
On the day of , 19 , Salt Lake City, Utah,
will pay to the bearer at the office of the City Treasurer, Salt Lake City, Utah,
the sum of Dollars ($
in lawful money of the United States of America, being one year's interest due
on that date on its Curb and Gutter Extension No.322 bond, dated December
23 , 19 60, this coupon being payable exclusively from the funds described
in said bond.
/s/ Louis E. Holley
City Auditor
Bond No.
�3
Section 3. Said bonds shall be signed by the Mayor and attested
by the City Recorder, and drawn by the City Auditor on its Treasurer, and
the annexed coupons to bear the facsimile signature of the City Auditor, and
the Board of Commissioners does hereby ratify, approve and confirm the
execution of said bonds by the said officers, and the City Treasurer is hereby
authorized to issue and deliver the bonds to the purchasers thereof, their
agents or assigns, on receipt of the purchase price therefor.
Section 4. The Treasurer of Salt Lake City shall be, and he is
hereby authorized and empowered, and it shall be his duty, to receive and
collect all assessments levied to pay the cost of said improvements in Curb
and Gutter District No.322 , and the annual installments thereof and the
interest thereon and the penalties accrued, including without limiting the
generality of the foregoing, the whole of the unpaid principal which becomes
due and payable immediately because of the failure to pay any installment,
whether of principal or interest, when due, and to pay and disburse such
payments to the person or persons lawfully entitled to receive the same,
in accordance with the laws of the State of Utah and all the ordinances and
resolutions of said City heretofore or to be hereafter adopted. All monies
constituting the payment of principal of said unpaid installments of assessments
shall be placed in a separate fund to be designated "Bond Fund of Salt Lake
City Special Improvement District No. 322" and shall be used for the purpose
of paying the principal and interest on special improvement district bonds of
Salt Lake City Curb and Gutter District No. 322 and for no other purpose
whatsoever, and as security for such payment said fund is hereby pledged.
Should there not be sufficient money in said fund to pay all of the interest and
principal falling due at any one time, then the principal andinterest shall be
paid from the guaranty fund, or from any funds of the City lawfully available
for that purpose.
Section 5. That the assessments and interest thereon have been
and shall continue to constitute and are hereby declared to be a lien in the
several amounts assessed against every lot or tract of land in said Curb and
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1.3
Gutter District No. 322 from and after the 23rd day of December, 1960,
the date on which the ordinance levying special assessments became effective
which lien shall be superior to the lien of any mortgage or other encum-
brance, whether prior in time or not, and shall constitute such lien until
paid, which shall be equal to the lien for general taxes.
Section 6. That in response to request for bids for the bonds
herein described, three (3) bids were received as follows:
Name of Bidder Interest Rate Premium
Chiles-Schutz Company 5.00% $845.60
The Continental Bank and
Trust Company 5.00 658.56
Edward L. Burton & Company 5.00 568.00
It is hereby determined that the offer of Chiles-Schutz Co. and Orssociates
to purchase said bonds at a price of par and accrued interest and a
premium of $846.60 is hereby determined to be the highest and best bid
submitted for the purchase of said bonds, and the sale of said bonds to
Chiles-Schutz Co. in line with their bid therefor is hereby ratified and
confirmed and the bonds are hereby sold to said purchasers in accordance
with the terms of their bid therefor. TheCity Treasurer is hereby instructed
to deliver said bonds to the purchasers upon receipt of the purchase price
thereof.
Section 7. That a special improvement guaranty fund has been
created as provided in Article 8, Chapter 7 of Title 10, Utah Code Annotated,
1953, as amended, Salt Lake City hereby covenants and agrees that at all
times during the life of the bonds herein authorized until the payment
thereof in full that it will , to such extent as is necessary, in order to
prevent default in the payment of principal and interest on the bonds herein
authorized cause to be levied annually for guaranty fund purposes such tax
as may be necessary on all of the taxable property in Salt Lake City, Utah,
but not in excess of one mill on each dollar of assessed valuation; and
that any money received from said special improvement guaranty fund levy
shall be placed in the special improvement guaranty fund account and main-
tained for the purposes outlined in Article 8, Chapter 7, Title 10, Utah
Code Annotated, 1953, as amended, and for no other purpose.
Section 8. That an emergency is hereby declared, the preservation
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13
of the peace, health and safety of Salt Lake City and the inhabitants
thereof so requiring, that immediately after its adoption this ordinance
shall be signed by the Mayor and City Recorder and shall be recorded In
the ordinance book kept for that purpose and said ordinance shall be
published in the Deseret News — Te1earam , a newspaper of general
circulation in Salt Lake City, Utah, and this ordinance shall take effect
Immediately upon its passage and approval and upon publication as
required by law.
ADOPTED AND APPROVED this Ninth day of March , 1961 .
Mayor
ATTEST:
(Seal)
BST ,NO. 13, 1961
Published March 17, 1961
13
Affidavit of Publication
•
STATE OF UTAH,
ss.
County of Salt Lake
her Ley I Notices, --_— D, iii, Onkoy
RPaj AN ORDINAN'CE•'
r,R Am.
02 SALT LAKE �I } i 77 i
CITY SALT,LHHL COUNTY. Being first duly sworn, deposes and says that lie is le(�a! advertising
UTAH. AV�,WpItRING AND
'md DIRECTING PTHHERROVLMFN'Er clerk of the DESERET NEWS AND SALT LAKE TELE-
rs' Orli C9i�'AiVD GU f1Llt GRAM,
HIASN EC THE.O;COST OF"'1M- GRAM, a daily (except Sunday) newspaper printedr LR/)thC ERg-
pie ND OVEM',NTPAOVIDI'x`YOA lt.Sh langulage with general circulation ir1 Utah, and pu published in
jn WillMNlATD FORM GFESAID
Salt Lake City, Salt Lake County, in the Stale of Utoh.
ECUTIOy, ONDS' PINDINC� AND DE-
CLARING AN EMERGENCY
THATTRIS ORDINANCE BE- That the legal notice of which a copy is attached hereto
COME HIS RE-
APPHOVALTEAND'PUBLICS. t� l n
d WHEREAS,the Doaihl f'Com- Stol�, .l-+.��t Pi Ut'lye 9' '.1 No,. 3,3 of
1.9Fl1 o
ed tnssi forctofornPlf st p;s 15f hp-
at ingq for the con»trU t f -
'oVements in Curb d f tl. 1-op;District No.322,and thSLl dl }1r7 n.�.'(�:I_j'j it l'j/'f3 Ill.,}1nj,'...7 An(]. '17'C;(:�].Tt(� h.(?
men
feaaltl Clty confirm th
d
io having h.f een d 1h adopted and
approved on the 23d d10 of Dc- Ito m,(3510p And Son of _Lttlnroireq ent Druid.
ember.1960,and
tIt,mWHEtrEAEAs.nrrlvlio0 'ot sold
Dir;I. n t �n Nr.h l
a rvrouc a Curb And Cx12-t'�d]^ D'i..^-.t T1C"� No. 3'',,`�,o
F the] f Lh7t 6t f [Utah
6 and the ordln. d s f A C iw,
MVP
O'j'Til''C, hC.q ncen
b-+ailth bo 4Nes oI 'freosu rcr
to all thet t n' t'
1,assess A 'd DI t 1 l iiA
nted was th t t l t f th
the eat 8 22at152 { h h
/e ving t f 14 i3iiJ 01' PJT,�.x'nh 1.'7, l.9C11.r
he,h the i4 t e p foot cost,of teas published h1 sold newspaper on
'y which the f od b ni ltoit lIo,nst
h britence2of tt eedroiit t s Costic st[rr
deleting the,City'e anrtion,,balm
astsossed,acamsfnthy abutting tro0f
01R,137.5W that do,into the fifteen
R tlav period fotlowm6 the eftactioe
_date Diasgessmet to th dlnance to f Iprivatte
1530855ss50'1 tltl D'niti I h'd
tiHUREAS 01 it pr
theBoard f CommVuionnis
'than
SOCC
1Ce l tBC`l I
Legal Advertising Cler 5
-fothfy Csns be v iA>r NA,`Gn13,t,01
20os ir�lr2 for Salt
Lake City,ill,h
NOW. THh'.RI'SOiiC. BE IT
ORDAINED BY TILt',BOARD O1'
LOAliEEIC TY,Cent1:01 SAL'L'
Section I.'Thcrc.shall br issncd
j$14,000 Salt Lal:n Clto.Oils,Sn0-
mot Improvcmont Uontls nt Curb r
nC Gutkec District N0.
`nnnas >4 near d;,te t Lbe z3rtl{ sworn to before me this �- ' - day of
day
of Decant outlo01,ption t1 bowls of prior
mature
to i boar interest,
•tiered, and
in the denominations A D. 19 fib,a
.
AonA s, /1 Nnm-Iest
I A
ti ts
Inch,
D Amount
1 c ht Y
Ivelrl-A 'a-1 500%S10o015I000b1L22 aC
25 500 100
0 ] 0e 10
1 110 'Ng
S 00 1 000 1 4010 12 21-15
3
]z-15 5.t0 noa am Notary Public
16 5.00 1,100 1,000 155501-04
21-20 5.00 000 000 17 2:1c5
21 102 1,000 Lo00 12-29-NS
22.25 ten 100 n0o 1'2-2:ai5
26 5,00 1000 1.0a0 12-2a-f+1i
24-30 S.On 10,0 n00 10-01,111
11 2-95 5.000 1,00 1 a000 9 2i tO
i 37-90 5,00 1.100 I'400 1223.0E In 1'xpireS
a1 r.0o I.000 Lm0 rz21-es y 1 c9-6j--
t 1545 5.00 100 t00 12.2:1.li0•'C''•-
;90 5.00 1.000 3.000 12-2M1 R0
t aRDond 00rincina101andt0n .,'ia-
-est shall ho p yablJul.,'
i lrt the
-aflac nt tho City Trcasiu'cr of
Salt Lake City.Utrh.
theecoin0nn2.thn'retaen'tl nlchrcll s15e11
be in subsUntially t.iu following
•form:
UNITED STATES OP 5111f.R1CA
5'll'3''0 U'5Ald
COUNTS'OF CALT bete
• SALT LAK1R:VEM UTAH
SPECIAL IO AN IMPROVEMENT BOND
CURB AND GUTTER
122
EXTENSION N0.312
5100
sr,000 Ito
KNOW ALL MEN EZ TI{iS51:,
PRESENTS,
That Soapf Lake Clir, in tiro
County Salt Lalcc, Stato
P.I.i'
Itegsll,Notices t 'ea>n
UL hmunicipal corporation value.
d 1. 1 Set 5.That theO cnts1ee
land Interest thereon h e
rl t' 'i - land shad t toconstitute
received hereby t of ( nd h b d l d t b 1
funds v 1 Ir r lien' lh s ve a]enipdnl4 accessed fu
s hereinafter set nforth,topi. to / gam t e y lot o tract f Land
,ra rroIhe 1 In s la Curb and Gutter District LI
OIVP tU NLHlito DOI.l.AR4 Na.322 from nit. ker the 23rd th
,,..„„„.no, day of December, 196g. the date.8
OPP 311ULISAND DOLLARS h, o which the ordinance levying�,R
ori
(51,61)0 UIt1 i, special assessments became effeoc-1
t in t f ttDecember.19 ive hir en shall b P�
in I' ,i i the United rk to theeoien S mmortgagetor'
Stales oi n r
thereon fit tipt -[ '1 cent s other b whether
in such
t nd shall constitute
in like December 23 lbu equal to the until P paid
which
ecncr'.I m,b,silo m-December 2.1.Se 'tares,
tool,ymie `se...run and Section 6.That 'n response t'
•ogler of the.intercat request for bids for bon..
hereto n�Lahcd,both n .bend ID r described, three (3) bids hi
.int 'L b 'bl 'tt t -, were received as folldws:
f 1 Lt. 1 Vd I-k tt me [ I,terest (;
IC 1 111 I ] f f 1 tt I IIrdde Role Aendum
t bond h d i 11 CConmahutz
rpm' lmten r_"l far rate ofannum e t nt Con many $5.Ot1;'e ;:;I
ci Pl dn &C C
Ctuh b.'dl d?htth -
Ns as f d G t i fE r E -h'1 S h C it s:
the cost f 5 Improvements f ac t t ] d b esl,
lconsL' t Said district - LaP of oat and $lin'tension,
Ivirtue. f- I t t and P' f.9560 C
c f t t -L th s h b d t.- d to be the 2t
t t n I L "1 5-t 1f bi �1'e nor d h.t b d ubmrtted for.th
City and r ran a n th Dr rch se of said bonds, and b
City duly n sad and mode a low h ale of sad bonds to Chiles-
n ( ' ! Pr I51 Schutz'Co.t 1' with theirbed
h - r� itherefor is hereby ratified and
A ,c l l I -�' confirmed d thepurchasers
d here-IIi
t._f fund t0.d created el e c .
nId the t .thwthe t their
•Chanter R Title 10. Utah de 82 bid therefor. The City Treasurer hi
Annotated. 9 f Al d C't her by t i t d 11 1d Ct
11 VIA II 1 file bonds t th P h -I ur
I[ t Stith bond until d 5 1c Sect f ti R Th t th t,111
t 0 recoil- t guaranty fund h.b 1f,
.,life
bond s payable+e>`eluuvcl.v o created aided Article 8
of said L•i t tl- IChant. 1 f Ttle 19 n Utah Cale e
L special P- -L -" 6e Annotated,19 r s amended.soli oI
ier-i'ir
fnd. nit IJr.r s Or.L1 !Lake C'G'hereby cIre ante d
nfficcrc tlhe:-rnf i rhniden ] 're that:dear!t:nreseMiring and
f the t the f other en rife of he bands he th rr ed e
CO until 1h t thereof- full srr
I '.-hccertified,recited d Ln that It will,to such extent as is Pr
declared thatall t- t-I s ,
and things essential to the validity SAC If:sit -tb p d rtt f d 1 L<
and,t _st the )-11-n b it e 1 .ICl. e n.
rand h b d i d �, authorized tobe levied r
1 t _ u.ity t
h I that -total daa I e'r h t 3 may tb fund Ic
bendscessary on
[Dd Cif f 0 l id Exton-1 Llnke Clt tL bl b t ttl - 0 i IDi
b l edo lh t '1 a,' [ n 1 h 1➢ f+n
1. i to t and that ale 1 f .Id eYd valuation; d that r tc
t ,'ha b I-wfu l 1 I
Nor improvement. , l from fun special d d levy a0
IN \VIfNL S F CRI OT S Itshall b 1 d ih special in
I I City,UI h 1 d th Ah m t l fun account)w.
bond[ b I d by t d I el I d m t d f thePurposes,"
rancl t".at I b 1-CIO,H d. ., tin 1 Artrele 8 Chnter li
lit
.tit drawn by its City Auditor o I', 34 .6, Utah Cade Annotu[e7'o
l: TmAcounons nirer.
.' Id the c facsimile annexed 9-S I.gi. p as amended,'and f t nr
t ,1 11 City Auditor, dl2 1 Sect. g That a v 10
1 l,s 1 ,d to be dated 1 ,her 3,1_.1 herb declared. the I2, 19L9. 1',I Lon,of the health f
/.-/T PIIACKPN LEE, I,6"r, Salt Lake City t thelei
Mayor
Fab:t 1 lh f )' Cn
/. t OLIS 1 1 OILEY' 6o i li t t d F -d - A
City '1,3.0 t o tl d' d h 11 b _ tl tlr
A e„,P a and ishall36 n dad IRl 01-sh
/s;IiCR 1AN J.HOOP VSDN, c tr c bookkept t for that urns to
(.,Ln,,of Recorder 1 f and said ordinance shall be rib.Sa
(SEAL)fPnrm of Caunonb Cl.5 rand
, the Deseret News i general cic ir nr
•INOn.the d of she I S It -k Clt Utah,the
•119 , Salt Lake ty, Utah, ii111ov a d' -shall t effect cia
L'' h b . Lh f r. U , 11. -1 d Sat
'P(vthe C t 11 •err 5 It bake _'os IL by d unon Publication as Di:
lieeCity,Uth th n o))f, I vf,l ADOPTED AND APPROVED cul
01.0
mency Dollars 01 the llititul SI k 1 this 9th uav of March, Is
J.BRACKEN
EN LEE, of
dun on that dstt, n Its 12 rb aAmet•ica,being one yer.r.. nd bins or our
dated December 23, Ia.,xclu ely HE,,Re J_AOGtiNSEN, r
- b exclusively,. C':a Recorder �n t'
It oo the funds dept.ih I said P S all t
bond. PILT,NO lg of 1'I61
1'1 LOL I,E.t1)1 T t Yn C Published Elam.11,1981 fA�11 tha
city auditor - - _ _,
'.Pond No. "ter. int,
•I5 red b tt.Said .ends aha be ^
•JbY ,1 by the Mayor.end attested i,.. li
nthr:City Iirrordcr0 an d_..wn
Ihy hc,liWth nditorc Ycd"'c':item Ito
torhe,n'the fand'o',"Oi i•at f)mf
1 0he City d,,,..r,ar d the Board)n
9f Comnhssionc..s dory hero.,o
ratify. ,'PO d co firer lhei
tlmr ofv soul hoods b'T the St
Said",[here and the ells'Treas.th
ce
r.Intl dclivrr tilt,bonds zed hri ssuc c
1 assigns.onereCetiptthfi'•thc,Prutrhatc Se.
c Price thortl.. Ita
allon-.T'IrI'1'beast,err of Salt
Lake t!.iv sh•:11 be. ,nit 1•r ! br
t I o
d' <I lit - I.L t ',d T�
d n' L II 11
I L Ih L [ d
l [. Curb 1 G nu DLit,
No. , t emit the rat install-e
enfv thereof And O°10 Interest c
o thereon,and tar P n.Lass ace urd,C
rnoodn6 01 tout rlimitinet the to
n'ali0, i Cite forcl;ohrt the. I
.whirr f the on o, Dtoaoipal tr.
whrcli hncer be'Aue and 1 v ble n;
may ally brasher of the failure n
oa of nay pal riot irest, nether o
at t to too? n intcest.when due, t
and to i ay nit disbm-sc such Pa C
- w is o tar rton ec nersons-n
e lawfully a Hoed to the
ordmOil witnlb.law';
r hisinno ces'ia i Uolute.. t!lc—
o Cilalnhe1"'AlOrr resolute..
ft
dopned. All ntonicc ea strtnti'j C
-the yment 1 , ipnal oi�aiirl e
r 'if Installments of sar'e,'ill‘ A
r 'ou be Placed-r- sc r to dund-
-t bedeli¢oar "Pont Fund of,„
Salt L.dcr City .322.t ntishae-
cu District No.purpose
n d'hog�t
'•be used for the urntere boon sing rya,
the principal and interest pe-o
i r e v nt tl1stmod on
a
Il IDist,art Noc322vInk 0O�nd G them
dr tooc such,payment
said£nndufc tM1
hereby vlmdecd.Should there n t-
'besufficient money in said fund t
-to pay all of the�,tcrevt and -
Pal falling due atp a e bore,hl
hall the pal incirim any
one
interest oiloo
d, ar from a y tundeur the re
City lawfully avai!eblc for that fn
!3