42 of 1904 - Ordinance 42 of 1904 – Providing for a Sinking Fund. AN O R D I N A N C E .
1 An ordinance providing for the levy of a tax to create a sink- 1
ing fund for the redemption of the bond issue of 0548,000.00 of Saltll
Lp.11-e City dated January 1st, 1904, and due January 1st, 1924, and
toprovide for the payment of the interest thereon.
Be it ordained by the City Council of Salt Lake City, Utah:
SECTIOU 1. Provision is hereby made for the payment of the
interest on the bond issue of $j548,000.00 of twenty years4-1/2 per
cent refunding bonds of Salt Lake City, Utah, dated January let,
1904, and payable January 1st, 1924, as said interest shall fall dues
and for said purpose there shall be and there is hereby levied an
annual'tax sufficient to defray said interest.
SECTION 2. And to create a sinking fund for the redemption of
said bonds when due there shall be and there is hereby levied a
sinking fund tax beginning with the year January 1, 1914, and to be
collected for said year and each succeeding year thereafter until
January 1, 1924, which tax shall be sufficient to raise a fund suf-
' ficient to redeem said bonds at their maturity.
SECTION 3. This ordinance shall take effect upon approval.
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Passed by the City Council of Sett firke--Cetti Ijteh Aril 4th,19O
and referred to the Mawr for his *cored.
eted this clay of Seril.n1084. City geeorder.4, .
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