40 of 1904 - Ordinance 40 of 1904 – Providing for the issue of Refunding Bonds. I I
A N ORDINANCE .
An Ordinance Providing for the Issue of Refunding Bonds.
Be it ordained by the City Council of Salt Lae City:
SECTION 1 For the purpose of funding a like principal amount
of valid outstanding bonds of the city there be issued by virtue and
in pursuance of the Revised Statutes s. 206 as amended by the Laws
of 1903 c. 138 bonds of the city to an aggregate princip al amount e
of 448,000 in denominations of 0.,000 each bearing interest at the '
rate of 4-1/2 per centum per annum payable semi-annually the said
of
bonds to be dated let January 1904 and payable on the lst,,January
1924 both principal and interest being payable either at Walker
Brothers Bank in Salt Lake City or at the Importers & Traders Nation-
al Bank in the city of New York N.Y. at the option of the holder
The said bonds shall he sealed with the corporate seal of the city
and be signed by the Mayor and City Treasurer and countersigned by
the City Recorder and the coupons thereto attached may be signed by
the facsimile signature of the City Treasurer
SECTION 2 The said bonds and coupons shall be in substantially
the following form to wit:
UNITED STATES OF AMERICA
State of Utah
Salt Lake City Refunding Bond
$1,000 No.
For Value Received the city of Salt Lai.e City in the state of 1
Utah hereby promises to pay the bearer One Thousand dollars in law-
ful money of the United States of America on the 1st day of January
1924 with interest thereon at the rate of 4-1/2 per cent. per annum
payable semi-annually upon presentation and surrender of the annexed
coupons as they severally become due both principal and interest
eing payable either at Walker Brothers Bank in thecity of Salt Lake
1
(City or at the Importers & Traders National Bank in the city of New
ork N. Y. at the option of the holder I
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This bond is issued by virtue and in pursuance of the Revised
Statutes of Utah s. 206 as amended by the Laws of 1903 c. 138 and of
an ordinance of the City Council duly passed approved and published
and is issued for the purpose of funding a like principal amount of
valid outstanding bonds of the city
It is hereby certified that every requirement of law relating
to the issue hereof has been duly comaied with that this bond and
the debt hereby refunded are within every debt and other limit pre-
scribed by the Constitution of the state of Utah the Laws of the
state and territory of Utah and Acts of Congress and that the indebt-
edness of the said city is not increased by the issue hereof
In Witness Whereof the said city of Salt Lake City has caused
its corporate seal to be hereto affixed and this bond to be signed
by its Mayor and City Treasurer and countersigned by its City Re-
corder
this 1st day of January 1904
Mayor of Salt Lake City
Treasurer of Salt Lake City
Countersigned
I I
Recorder of Salt Lake City
(Coupon)
$22.50
On the 1st day of (January) 19 the city of Salt Lake City
Utah will pay the bearer either at Walker Brothers Bank in Salt Lake
City or at the Importers and Traders National Bank in the city of
New York N. Y. at the option of the holder twenty-two and 50/100
dollars in lawful money of the United States for six months' inter-
est on its Refunding Bond No. —
SECTION 3 The sale of the said bonds to N. H. Rollins Sons
s hereby confirmed and the sad bonds shall be delivered only as a
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like principal Mount of the outstanding bonds to be refunded are
retired and cancelled
SECTION if- This ordinance shall take effect from and after its
passage and publication
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Passed by the Oity Oeereil of aft bake City, nteh, April 4th, 1804,
and referred to the Mayes for his appteiraA.
(" City Reeorder.
Aaprered this JNiey of April, twit..
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