2 of 1939 - Issuance and sale of $356,000.00 Waterworks and Sewer Bonds refunding like amount dated Feburary 1, ORDINANCE NO.
AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF THREE HUNDRED
AND FIFTY-SIX THOUSAND DOLLARS ($356,000.00) WATERWORKS AND SAN-
ITARY SEWER REFUNDING BONDS OF SALT LAKE CITY, UTAH, DATED DECEMBER
1, 1936, BEARING INTEREST AT THE RATE OF TWO AND ONE-HALF PER
CENTUM (20) PER ANNUM AND PROVIDING FOR THE LEVY OF A TAX TO PAY
THE INTEREST AND PRINCIPAL AT MATURITY, SAID BONDS TO BE ISSUED FOR
THE PURPOSE OF PAYING AND REDEEMING A LIKE AMOUNT OF SALT LAKE CITY,
UTAH, BONDS, DATED FEBRUARY 1, 1920.
WHEREAS, by the result of a special election duly and lawfully
called and held in Salt Lake City, Utah, on the 25th day of February,
1919, there was authorized the issuance, among others, of bonds of
Salt Lake City in the amounts and for the purposes as follows:
Two Hundred and Fifty Thousand Dollars ($250,000.00) for the
purpose of increasing, improving, enlarging, extending, perfecting
and adding to the present water supply of the city by acquiring
additional water rights in canyons and creeks adjacent to the city
and other sources of water supply, and for the development of the
local sources of supply,
One Hundred Thousand Dollars ($100,000.00) for the purpose of
increasing, improving and adding to the present water supply from
City Creek Canyon by construction of additional small storage reser-
voirs,
Fifty Thousand Dollars ($50,000.00) for the purpose of defray-
ing cost of city's portion of laying additional sanitary sewers to
serve the southern portion of the city, and
WHEREAS, pursuant to an ordinance duly and lawfully passed by
the Board of Commissioners of Salt Lake City, Utah, on the 26th day
of February 1920, there were issued the following described bonds:
Two Hundred and Thirty-six Thousand Dollars ($236,000.00)
Salt Lake City Water Series "I" Bonds, being part of the authorized
issue of Two Hundred and Fifty Thousand Dollars ($250,000.00) above
referred to, which Two Hundred and Thirty-six Thousand Dollars ($236,-
000.00) Water Series "I" Bonds were issued under date of February
1, 1920, due February 1, 1940, inddenominations of One Thousand
Dollars ($1 000.00) each, numbered from one (1) to two hundred and
thirty-six (236), both inclusive, bearing interest at the rate of
five per centum (5%) per annum,
One Hundred Thousand Dollars ($100,000.00) Salt Lake City
Water Series "J" Bonds, being all of the authorized issue of One
Hundred Thousand Dollars 100,000.00 above referred to, which One
Hundred Thousand Dollars ( 100,000.00 Water Series "J" Bonds were
issued under date of February 1, 1920, due February 1, 1940, in
denominations of One Thousand Dollars ($1,000.00) each, numbered
from one (1) to one hundred (100), both inclusive, bearing interest
at the rate of five per centum (5%) per annum,
Fifty Thousand Dollars ($50,000.00) Salt Lake City Sanitary
Sewer Bonds Series "H", being all of the authorized issue of Fifty
Thousand Dollars ($50,000.00) above referred to, which Fifty
9
/
-1-
Thousand Dollars ($50,000.00) Sanitary Sewer Bonds Series"H" were
issued under date of February 1, 1920, due February 1, 1940, in
denominations of One Thousand Dollars ($1,000.00) each numbered
from one (1) to fifty (50), both inclusive, bearing interest at the
rate of five per centum per annum (5%), and
WHEREAS, this Board of Commissioners of Salt Lake City knows
it to be a fact and hereby certifies that all of said Two Hundred and
Thirty-six Thousand Dollars ($236,000.00) Water Series "I" Bonds, all
of said One Hundred Thousand Dollars ($100,000.00) Water Series "J"
Bonds and all of said Fifty Thousand Dollars ($50,000.00) Sanitary
Sewer Bonds Series "H" were duly and lawfully issued and sold; that
all acts and things required to be done precedent to and in the
issuance of said bonds were lawfully done; that the full purchase
price of not less than par and accrued interest was received by Salt
Lake City; that each installment of interest on said bonds has always
been paid promptly when due; and that there has never been nor is
there now any litigation pending or threatened affecting in any wayb
the legality or validity of said bonds or any of them or the rights
of said Salt Lake City to issue the same, and
WHEREAS, "" Thirty Thousand Dollars ($30,000.00) of the above
described Two Hundred and Thirty-six Thousand Dollars ($236,000.00)
Water Series "I" Bonds have heretofore been paid, redeemed and can-
celed, and
WHEREAS, Two Hundred and Six Thousand Dollars ($206,000.00) of
the above described Two Hundred and Thirty-Six Thousand Dollars ($236,-
000.00) Water Series "I" Bonds, all of the above described One Hundred
Thousand Dollars ($100,000.00) Water Series "J" Bonds, and all of the
above described Fifty Thousand Dollars ($50,000.00) Sanitary Sewer
Bonds Series "H" are now outstanding and are due and payable on Feb-
ruary 1, 1940, and there are no funds in the treasury of said City
available for the payment of said bonds or any of them at maturity, and
it will be necessary, therefore, to provide for the issuance of refund-
ing bonds, and
WHEREAS, it is deemed advisable and for the best interests of
-2-
the City and the taxpayers thereof that such refunding bonds be
issued at this time for the purpose of providing funds for the pay-
ment of said Two Hundred and Six Thousand Dollars ($206,000.00)
Water Series "I" Bonds, said One Hundred Thousand Dollars ($100,-
000.00) Water Series "J" Bonds and said Fifty Thousand Dollars
($50,000.00) Sanitary Sewer Bonds Series "H",
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS
OF SALT LAKE CITY, SALT LAKE COUNTY, STATE OF UTAH:
Section 1. That for the purpose of paying and redeeming the
following described bonds:
Two Hundred and Six Thousand Dollars ($2o6,000.00)
Salt Lake City, Utah, Water Series)"I" Bonds,, dated(25) both
February 1, 1920, numbered
inclusive) fifty-two ((52 to eighty-three (83F H6 th
inclusive and eighty-eight (81e) to two-Fiffirred and thirty-
six(236) both inclusive,
in denominations of One Thousand Dollars ($1,O00.OQ)
each, bearing interest at the rate of five per centum
(5%) per annum, due and payable February 1, 1940,
One Hundred Thousand Dollars ($100,000.00) Salt Lake
City, Utah, Water Series "J" Bonds, dated February 1,
1920, numbered one (1) to one hundred (100), both
inclusive, in denominations of One Thousand Dollars
($1,000.00) each, bearing interest at the rate of
five per centum (5%) per annum, due and payable
February 1, 1940, and
Fifty Thousand Dollars ($50,000.00) Salt Lake City,
Utah, Sanitary Sewer Bonds Series "H", dated
1, 1920, numbered one (1) to fifty (50), both inclu-
sive, in denominations of One Thousand Dollars
($1,000.00) each, bearing interest at the rate of
five per centum (5%) per annum, due and payable Feb-
ruary 1, 1940,
there shall be issued Salt Lake City, Utah, Waterworks and Sanitary
Sewer Refunding Bonds, Series of December 1, 1938, dated December
1, 1938, in the amount of Three Hundred and Fifty-six Thousand
Dollars ($356,000.00), bearing interest at the rate of two and one-
half per centum (2 %) per annum, payable semi-annually on June 1
and December 1 in each year, commencing June 1, 1939, in denomina-
tions of One Thousand Dollars ($1,000.00) each, consecutively num-
bered from one (1) to three hundred and fifty-six (356), both
inclusive, payable serially in numerical order, without option of
-3-
prior payment, Twenty-five Thousand Dollars ($25,000.00) on
December 1 in each of the years 1945 to 1952, both inclusive, and
Twenty-six Thousand Dollars ($26,000.00) on December 1 in each of
the years 1953 to 1958, both inclusive, principal and interest of
said bonds to be due and payable at The National City Bank of New
York, New York City, New York.
Said bonds and each of them shall be, except as to numbers
and maturities, substantially in the following form, to-wit:
( y
-4- �
UNITED STATES OF AMERICA
STATE OF UTAH
SALT LAKE COUNTY
SALT LAKE CITY WATERWORKS AND SANITARY SEWER
REFUNDING BOND
Series of December 1, 1938
No. $1,000.00
KNOW ALL MEN BY THESE PRESENTS:
That Salt Lake City, in Salt Lake County, State of Utah, here-
by 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 first day of
December, A. D. 19 , at The National City Bank of New York, New York
City, New York, with interest thereon at the rate of two and one-half
per centum (2 %) per annum from date until paid, payable semi-annually
on the first days of June and December in each year, commencing June
1, 1939, at the same place on presentation and surrender of the
annexed coupons as they become due.
This bond is issued for the purpose of paying and redeeming
legal and valid outstanding bonded indebtedness of said city and is
one of a series of three hundred and fifty-six (356) bonds of like
date and amount, numbered from one (1) to three hundred and fifty-six
(356), inclusive, and known as "Salt Lake City Waterworks and Sanitary
Sewer Refunding Bonds, Series of December 1 1938" issued under and
pursuant to the provisions of the Constitution and Laws of the State
of Utah.
The Board of Commissioners of said Salt Lake City shall
annually levy a sufficient tax to pay the principal and interest of
this bond as the same become due.,
It is hereby certified, recited and declared that all con-
ditions, acts and things essential to the validity of this bond exist,
have happened and have been done and that every requirement of law
affecting the issue thereof has been duly complied with and that this
bond is within every debt and other limit prescribed by the Constitu-
tion and Laws of said State and that the 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 WITNESS WHEREOF, said Salt Lake City has caused this
bond to be signed by its Mayor and its City Treasurer and its corpor-
ate seal to be affixed thereto, attested by its City Recorder, and
the annexed coupons to bear thef fac-simile signature of the City
Treasurer, as of the first day of December, A. D. 1938.
Mayor
ATTEST:
City Treasurer
City Recorder
(SEAL)
-5-
To each of said bonds shall be attached a coupon for each
installment of interest contemplated by said bond, which said coupons
shall be consecutively numbered beginning with number one (1), with
the several dates of payment and number of bond, and shall bear the
facsimile signature of the City Treasurer. Said coupons shall be in
substantially the following form, to-wit:
(COUPON)
No. $12.50
On the first day of June
On the first day of December, A. D. 19 , Salt Lake City,
Utah, will pay to the bearer hereof, at The National City Bank of New
York, New York City, New York, the sum of Twelve and 50/100 Dollars
($12.50) in lawful money of the United States of America, being six
months' interest then due on its Waterworks and Sanitary Sewer Refund-
ing Bond, Series of December 1, 1938.
(facsimile signature)
Bond No. City Treasurer.
There shall be endorsed on each of said bonds the following:
"I hereby certify that this bond is within the lawful debt
limit of Salt Lake City, Utah, and is issued according to law.
City Auditor"
Said bonds and each of them shall be signed by the Mayor and .
the City Treasurer and attested by the City Recorder and sealed with
the corporate seal of said City, and the coupons shall bear the fac-
simile signature of the City Treasurer. The Mayor and the City
Treasurer of said City are each hereby empowered and directed to sign
and the City Recorder to sign and attest and affix the corporate seal
of said City to each of said bonds, and the acts of said Mayor,
Treasurer and Recorder in so doing are and shall be the act and deed
of said Salt Lake City, Utah.
All the covenants, statements, representations and agreements
contained in said bonds and coupons, and all recitals and representa-
tions of this Ordinance are hereby considered and 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
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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 and a city of the
first class, under the Constitution and Laws of the State of Utah.
Section 3. The interest falling due on said bonds on June
1, 1939 shall be paid out of the general fund of said City, and for
the purpose of reimbursing said general fund for said installment of
interest, and to pay the interest falling due on said bonds on
December 1, 1939 and on June 1, 1940, there shall be.levied in the
year 1939 on all taxable property in said City, in addition to all
other taxes, a direct annual tax sufficient to produce the sum of
$13,350.00, and thereafter to pay the interest on said bonds as the
same falls due and also to pay the principal of said bonds as the
same matures, there shall be levied on all taxable property in said
City, in addition to all other taxes, a direct annual tax in years
and amounts as follows.
YEAR INTEREST PRINCIPAL TOTAL
1940 $8,900.00 - $8,900.00
1941 8,900.00 - 8,900.00
1942 8,900.00 - 8,900.00
1943 8,900.00 - 8,900.00
1944 8,900.00 - 8,900.00
1945 8,587.50 $25,000.00 33,587.50
1946 7,962.50 25,000.00 32,962.50
1947 7,337.50 25,000.00 32,337.50
1948 6,712.50 25,000.00 31,712.50
r949 6,087.50 25,000.00 31,087.50
1950 5,462.50 25,000.00 30,462.50
1951 4,837.50 25,000.00 29,837.50
1952 4,212.50 25,000.00 29,212.50
1953 3,575.00 26,000.00 29,575.00
1954 2,925.00 26,000.00 28,925.00
1955 2,275.00 26,000.00 28,275.00
1956 1,625.00 26,000.00 27,625.00
1957 975.00 26,000.00 26,975.00
1958 325.00 26,000.00 26,325.00
Section 4. The sale of said bonds to F. T. Boise and Gordon
Snow is hereby ratified and confirmed, and the City Treasurer is
hereby authorized and instructed to deliver said bonds to the pur-
chasers upon receipt of the purchase price therefor, and thereupon
to deposit with The National City Bank of New York, in the City of
-7-
New York, State of New York, in an irrevocable trust account the
sum of $356,000.00 to pay the principal of said outstanding Water-
works and Sanitary Sewer Bonds, and the sum of $17,800.00 to pay
the interest in full on said bonds from February 1, 1939 to Febru-
ary 1, 1940, inclusive, with instructions that said bank shall pay
the par value of the bonds plus the accrued interest in full to
tT,-; maturity for any bonds with coupons attached presented for payment
at any time prior to maturity.
' Section 5. That all Ordi ancee Reso ,.*i.o s or yts'rts of
Ordinances and Resolutions in c�liet h therm isiosathereof,
i be and the same are hereby repelkad, and ter`" `a# tondd re issued
I- this Ordinance shall be and remaig i re4404labl :u/3 sai„Oonds and
, 6i� the interest thereon shall have bi�en fulljr' iai` s tS*fief end
) 55
discharged as herein provided. <: �y ..
Section 6. In the opinion of the Board of Commis ibiers of
fit
Salt Lake City, it is necessary to the peace, health and safety of
said City that this Ordinance become operative immediately; that
an emergency is hereby declared, and that this Ordinance shall be
published in one issue of THE DESERS.7;NEWS, a daily newspaper
printed and published in Salt Lake City, Salt Lake County, State
of Utah, and shall be in force and take effect immediately upon the
day of its passage, approval and publication.
PASSED by the Board of Commissioners of Salt Lake City, Salt
Lake County, State of Utah, and approved by the Mayor, this 17th
day of JANUARY , A. D. 1939
ATTEST: Mayor.
City Re order.
(SEAL)
-8-
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_8-
Affidavit of Publication
•
STATE OF UTAH,1
County of Salt Lake
Legal• Notices
AN ORDINANCE Leo II, Qyng
• AN ORDINANCE PROVIDING FOR TH -
'ISSUANCE AND BALE OF THREE HU
'DRRD AND.FIFTY-SI%TTROUSAND DOL.
LARS (e366,000,00) WATERWORKS AND Being first duly sworn,deposes and says that he is the ad-
REFUND
'SANITARY SEWER REFUNDING,BONDS
OF SALT LAKE CITY, UTAH-DATED
' vertisingclerk ofTHE DESERET NEWS,a newspaper
DECEMBER 1 1920,BEARING INTEREST 1
(AT THE RATK OF TWO AND ONE-HALF
PER-CENTUM (2i%) PER ANHUM published in Salt Lake City, Lake County,in the State
'AND PROVIDING FOR THE LEVY OF A 9 y
PRINCIPAL AT MATURITY SAID BT ONDS!
TO BE ISSUED FOR THE PURPOSE OF of Lltah.
PAYING AND REDEEMING A LIKE.
AMOUNT OF SALT LAKE CITY,'UTAH,
BONDS, DATED FEBRUARY 1, 1920. Ordinance providing for
'WHEREAS,by the fully of .venial' That the advertisement
kind in duly d City,
lawfully called and
•h@td'1rt Salt Lake CItY.Utah,an the nth
day of February,3010,there was author-
lsed the balance,among others,of bonds male of waterrrorkJ andJewe.:r To :Cling bDndJ•
• !Salt Lake City in the amount.'and tot
the Mimosas as follows:
Two Hundred and Fifty Thou$apq Dal-"•;t
lent 11260000.00) tar the Fre, e6'of ln•i, (Salt Lake City Corporation)
Creeeing, improving,'enlarging, extending,.
perfecting to t'licano and creeks adlai:`
ewupply ff e
ter Tights In nand ens end rceka adia•
1. ,i oeyt the dny and that development
of wof:'
-F ,.'ter local
oniony, and for the development of
01 ocal avurcee f.and D 42
one goatee Thousand increasing,
MOOg,im b
000.00)roe the q g to of tpe , ter '�
prdving and.adding to the nyonpresent water✓ was published in said newspaper, in its issue dated, the
apply•from Cit�yy.Creak t Canyon g n•
tl tan of additional..mall tltoraee Na.
uta Outland Yi'fiare Y16a;d00.00)-tor lath day of JJ.nuary A.D. 19 30
�por(t srpoee of defraltng vet It Cites 1
earHtm o!eVer tVOLanal eanitan, e
ao 0rve the sout¢ern pOrtlpp 01 i1M
MIS.
'pursuant to an ordinance and was published 1 time
duly and lawfully passed by the Board
of Commleeionere 01 Salt Lake CItY,Utah,
o e,
wn the 16th day f FebruerY 1920; the last publication thereof being in the issue dated the
Nuod the folio wing described bonds:
7lar.Hund,0d ) Tht Lake o attd
Sere. 1E2 Donde being
Lake City Water d
ts�ea ieee'1."aseelnot e°liO area fur F11W T. day o f A.D. 19
Th u and Dand tla00,00236, above re•b, C�`
fe ed to,which Two Hundred d TM,b,
ty.eix Thoveand Dollar. ere bunted W.r
ter Series I" Bonds a bunted under 1
date ut February 1,1920,were
1.,
19s0,in denominattona f One Thousand
ousa - A/CJy ertising Clerk.
Dollars (53,000.00)-each u /
pn two beach do numbered
from
fR36)(goth focluaive,If'.Ll fntereet at
tko rata.of five per centum OPE) per an-
t Ono Hhndred Thoveand Dollar,. (s100: \
000.00) Balt Lake City Water Sense J"
Bonds, being ell f the horltlwled Issue
.Pf-Grre Hundred Thousand Dolhich(MOO,•
ero,",1
000.00) above. referred to, 100,000.o0t to before me this 6 te[
Hianorad tIr.1.end Dollars l6 day Of
da tar Bariee J"BI, l r dueu February t February n i9n&e
•mend Dollars to deno,000.0one of Onambered p
irons e()tol�one hundred(100),both A.D. 19-.5...
inclusive,bearing interest at the rate of
live per rtum (6V per e,nnum.
Fiity Thoveand Dallas 60,OB'n0ds
•,•Sal Lake'City'Snifters of
Seweravtborleed. \'
99eretl'"H being ll [ the (; IY,f\\\
•MI6.".no Fifty Tbvueand D'Issi oh FiEs WH)0REA8, Tblrty Thopehnd Dollars.......... . ... %
above reYerreA to, Sanitary i (030,000.007 of the above idT ibed Two
Sewer Bo Dollars (/60,000.0r) leeued - Hundred d Tblrty-six Thousand Dollar. _ NotarPublic
Bever Honda Series•H" due Feb- ; (0230,000,00) Water Series I"Bonds bave
der date t Fain de 1.denominations
j heretofan been paid,redeemCd and cancel.
.rusty 1, Dull in den000000lone ot One
Thoveand Dollars (01,000.00) cacti,
bared Pram one (1) toer kitty (60 e.'booh WHEREAS,Two Hundred and Six Tkoue-
lusive,bearing interest at the'ate 1 and ed lets Hundred
00.00) 2 theabove da•
inclusive,
tam 1 a nm (mnnl d ecr bed Two Hundred and Thirty-Six Thou.
WKlt L Lake
Chia 000ws I Commleelofact. end Dollere($226,000.00)Water nerfea"I"
'an gait by c City knows It to'all of s Honda, all f the above described One
and'hereby a reThllrtrallu Thousand said
llall Waterand elerlea J"Benda, nd all P the
1038,000.00 Water Series "I'• Honda, above described Fifty Thoueend Dollars
all1 id One Hundred ThvueanBonde nark10'' re now Sanitary Sewer Bonds Series
of said un Series J" "H" re utetanding and are due and
all f said Filly Thousand Poilare (E60: payable on February I,19e0;'and there ar
ohm) Sanitary
ylaevier B.11d. Sand'old: v funds In the treasury of;old'City avail•
e duly ab)n for the payment of aid bonds or any
that all acts and things auired to.be, 01 them at maturity, d it will be n
done precedent to and in the issuance oh a ry,therefore,Co provide for the Issuance
oid bond. Were]awfully dove: that the o1 funding bonds, and cee-
full purchase Price of note tees
lan ay Sat $tH EleBv, it re deemed advisable and:
d accrued interest received for tk:beet Inlere at of the City n b the:
fake City;that each installment of interest taxpayer.thereof that each refunding bbnde
on said bonds h a'0hal'there n paidver beenn �bie leeued t this time for the Dung be 1
ly when due;an any theretlon pending T ovlding Lund' for the payment 1 aid-
or Is0there out Hundred a d Six Thousand Dollard
threatened affecting in ant way-tha'leasd. tei06,000.00) Water 9erlee I"Honda,said
ity o validity f s 1d bonds n One Hundred Thousand Dollars WOO,
them or the rights of said Salt Lake any
000,00J.Wateg Seriq "J"Bondi'and said
to issue the same. and
'Fifty Thousand Dollars ($60,000.00) Sani (COUPON) _
iiu Sew.Benda Series"E"- ' No.— 612.50
11 NOW-THAREFORB.BE IT ORDAINED On the first day 0f June
Y THE BOARD-0 COMMISSIONERS On the first day'of•December, A. D.
F"SALT-LAKE CITY, SALT LAKE 10—,-Salt Lake.City. Utah,.will•pay•to
''Sections STATE 1..That Ofoe UTAK: thethe purpose of Day-Ban beareri New Y York,at New York CityNational New
ing Ind redeeming the following described York,the sum of(Twelve and 50-lob Dol•
bonds: 'lart(612.50),in lawful money Of the Unit-TwWo B:undted end SIX mOueend Dollars rd States of America, being sin onthe'
Series"It00Eonde,'d)ated FebruaryhI,y1920,9mitar9.Sewer Refundiing Boned,Seriesof -
bothb7n ueed lve;.Ronde,
iltytwO-(62)y too elghty�December 1, 1938.Faceimilo Signature),
eight eight (58)), bIli twoo-h hundr d'and and MOWS--
Bond No,
to end sed0ony each-f sold
One
e) both inclusive.in denominations of Fonda the corer t
bearing
Thousandn Iatlf th ( of0 f each.per I hereby corner imit this bondn Witte interest at the rate n de ay the lnd i debt limit rofd Salt Lake City.
centumF ruar per snnnm, due and pay.Utah,and is Issued accor¢in¢to law.
O February 1'Thousand
1o4D, '
On0'Hundred Ti City,Ut DoWae (erie city Auditor..
06D1 Self Laud Fe February
1090 Sams Said.boots d each o1 them'ehall bs'
Bones,dated a ebru hundred Ito signed by lha Mayor- nd the Clty Treat•.
incluelveeb red a inn j to denominationsf fOnej'both Thou-u rand attested by the City Recorder and'.
mend Dollars (61,000.00) each,bearingq in. aealed with the corporate seal of said City,.
Serest at the rate of dive per c Bum(6%) and
the ca sons'hall.bear the Iacel The'
n+e annum,due and payable February 1, Moor and thetd Ir T naeureraaolrer,said �:
Fifty and
Dollars (660,000.00) Salt are each bereby empowered taddireried
i,6fgake C ty Utab Sanitary SewerBonds t sig d th C t R ord t i¢ and-
.tBer(e $('dated February t,1829 u .6 sand it th mrpOr t cal f d',
beC'(l o e(11 Lo t11tY(501,b th 1,6 k t id 0bonde d theis
in denominations of One Thou d Y dbl..,Treasurer d Recorder t
tare ea 1,000.00) each, bearing in d d I K e d hello be th t. nd'
the to o1 five per to p f f •. aM 9 It Lake City Ut h
hnum,due and Payable Feb { i he ate tat cots, repro.'
ere shall be issued Salt Lake eoatfund.eentetiane and agreements contained waterworks and Sanitary Sewerfund-aant tryreee ebd coup0opt, and all recitals
1n Bonds, Series o1 December 1. 1938,and epreeeneretl f this Ordnanceare
en December 1,1D38 in the amount of hereby ered and understood d it
Three Hundred d bearing
Thousand herebyordained and declared that isd
he ar% (6358,.00e.and be.hrlaig interest ate ante end ...es therein- Lake of 1 per centum ovenants and Pr the o r000end-Sa4
(214%)per annum,payable a each ualy City and that the a the
representations
and
on.June 1 and December 1 1n each year,statements therein arethe representations
of One Thousand Dmolllars tn($3000.00)aelch,further Matedand T presented that it
Salt
threedonse hundred numbered
redd.efro on both in-
Le,ko City is a--'municipal corporation and •
n.
elusive, paable¢serially'in(numerical o•stttutyonf the first of the State ofs Ut h.
der, without option of prior ppayment. Section 3. The Interest falling'due on
Twenyflve Thousand Dollars ($26,000.00) said bonds on duns 1,1939 shall be paid
n December 1 in each of the years 1048 out of the general fund of said-City,and
1062, both inclusive, and Twentysix for the Durpoee of.reimbureind cud gen.
h-ueand'Dollars•(hh}28rears0) Decem-eral fund for said installment fainter•'
ethl in each inclusive of the
and int3 erest86of one, and to patio hs ember[falling-snd •
-
sud bonds Demmbee 1. 1939 levied
and art bonds to be due and payable t The June 1,194O Lall taxable
b0 1perty in
rational City,N Hank of New York, New the Year 193E all taxable property in-
Fork SIdbdeewd each f them hall be,said direct
annual
addition to.all other td c
xcept s to numbers and maturities,sub- direct 1 tax sufficient thereafter
produce'
Mentally in the following form,to.wlt: the interesof t
on00 Q bonds
tas to'
Pay'the intdecea said bonds the
UNITED STATES OP AMERICA a oftls due and o,the pay.the ur5s••
-
STATE OF UTAH PIMP
of said bonds p a on matures.
SALT LAKE-W COUNTY them shall be levied in on all taxable ll prop.
SALT LA E CITY-WATERWORKS AND orty taxes, cud Cttye nn pddttx to all tithe
SANIT'S 6EWEa mbar 1, 1T38 fiCND amo a shot annual tax in years and'
No. "Series of,December 1.1278 Year t'interest we.Principal. Toter
KNOW ALL MEN BY THOSE BIPRES.1940 $8,900.00 a 8.900.00
ENTS: 1941 8,900.00 8,900,00
That Salt Lake City.In Salt Laka Coun.1042' 8,900.00 8,900.00
itself to be indebted andreby for value received 1044 8900.00 ' 8,9000D
hereby promisee to pay to the bearer-here.1045 8,987,50 $26,000.00 33,587.60
of the um f 1946 7,962.50 35,000.00 32,962.80.
ONE THOUSAND DOLLARS ($1,000.00) 1047 7,317.60 25,000.00 32,337,80
in lawful money of the United States of 19411 6,712.50 25,000.00 31,71180,
America on the first day of December,A.1949 6,087.50 26.000.00 31,087.50
D.10—, at The National City Bank of 1960 6,462.60 25,000.00 30,482 50
New York, New York City, Now Torn,1951 -4,837.50 25,000.00 29,837.60.
with intereet thereon at the to of two 1952 4,212.50 28,000.00 29,212.50.
Ind one-half per centum (21h%) pen an.1053 3,515.00-- 88.000.00-'20;576.00 - -
tum from date until paid, payable semi. 1954 ' 2,025.00 00,000.00 28,02500
dually on the first dem of Juna cod 1855 2,275.00 28,000.00 28,275.06
December in each year, mni melon hone 1958 1,625.00 26,000.00 27,626.0D.
1,1939,at the same place o preeenlatlnn 1057 075.00 26,000.00 26,975.00
and a render of the annexed coupons as 1958 325.00 28,000.00 ,28.325.00-
they become due. Section 4. The sale of said bonds to F.
This bond is issued for the purpose of T.Boiee and Gordon Snow is hereby retie
paying and redeeming legal and valid out-lied'and confirmed, and the City Treat•
standing bonded indehtednese of said Its urer is hereby authorized and instructed
and Is one of eerie.of three hundred in deliver said bonds to the purchasers
and fil1y.six (358)bonds of like date and upon receipt Of the purchase price there.-
..mot,numbered from (1) to three for, and thereupon to deposit with Tha
hundred and fifty-e[x (356), inclusive, National City Bank of New York;to the
and'known Salt Lake City Water.City of New Y in an 77o�¢rk,'State of New York,
Hwonda,Series of Decnd emberwer 1,19 8'.homed of 6368,000.00 teFrayuthe'principal bf t accohnt the calf
under and pursuant to the provisions of outytseRug Water-Works and Sanitary
the Constitution and Laws of the State of Sewer bond*, and the a of 617,800.00
Utah,The Board of Commissioners of said Salt from to yFebruary the tale st in full
bonds 1039to February 1,
Lake City'bell annually levy a sufllolent.1940,inclusive,with inaiructione that said
tax to pay the principal and intermit of bank shall pay the par value Of the
this bond as the same lk:eome due. .hoods Diu,the accrued interest In full to
It le hereby certified, recited.end Jr.maturity for any boots with coupons t--
dared that all conditions,mote and thin. Lached'presented for payment at any time
Igg5er0tial to the validity o1 this bond exist. prior tO maturityy '
"th 'ed ed ens of-htn done-epd elolutio-5;• Tnet-all---Ordinances and%
that Ovary,ereofre snt laly affecting Resolutions or pants of Ordinance, and;
the leans thereof has been duly complied Mono hereof,
inconflict'with the here;
with and that•Me hood]..within eery Mono hared., be and the a are here•: •
debt and other limit preecrlbed to -the sby ued sealed, and after said bondsa
Constitution and LAWS of mild State t.Toed this Ordinadca shall be and are
iiv':
that the faith and evedit of said Salt Lehe Urest there until said.a and the in-:
Oily t hereby irrevocably pledged to the Barest thereon shall have been fully paid,
intereet of this bondof accordingrto 14eaterms.d Banshee'
im a ed and discharged'ae herein Dro•
1 IN WITNESS WHEREOF,maid Salt Lake Section 8. In the opinion of the Board:
City has caused this bond to be signed by of Commleeioitera f e Salt Lake City, it: .
its Mayor and tie City Treasurer and its is neconeary t0 the'peace, health'and'
corporate me to be affixed thereto, at.safety of ,61d City that•this'Ordinance,
totted,by Its City Recorder. and the n-become operative immediately; that -
need couponsfar-simile In bear the an-
emergency is hereby declared, and that' '
tune of theCity Treasurer, of the tis Ordinance shall be published in one;
first day of December,A.D.1938. issue of The Deseret News,a daily
Caper Salt.Lake and published State Sit Utah,
borne and'shall be in farce and take effect iinn+
City Treasurer. medialely upon the.day of II, Passage.•
ATTFST: approval d publication.
(SEAL) • Passed by the Hoard of Commfeeionem
• of Salt Lake Cloy, Salt Lake County..
City Becordre. State,of Utah, d approved by the;
Toe h of end bonds hall be attached Mayor, this 17th day of,January, A. D., •
,coupq,, or,eeoh installment f interest 1938,
conypone cried br said bond, which end '. SOHN'M.WALLA spot. -`-"
beginning,with 0011 number consecutively
with the AT numbered TEST: M68o1'.
several dates of payment ,and mber Ethel Macdonald,
of bond,and.hall beer the'facelmile sip City Recorder.
rese nature of the Cit Tnrer, Said • (SEAL)
eons'ball he in substantially the follow.Bill No.'2, • .
ing form, to.wit:. Pubhehed January 18th,1039. '
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