8 of 1959 - Accepting Bid of Halsey, Stuart & Company, Inc. & Associates for purchase of $2,500,000.00 Salt Lake STATE OF UTAH )
COUNTY OF SALT LAKE ) SS.
CITY OF SALT LAKE CITY )
The Board of Commissioners of the City of Salt Lake
City, in the County of Salt Lake and State of Utah, met in
regular session, in full conformity with law and the
ordinances and rules of said City, at the City and County Building
Salt Lake City, Utah, being the regular meeting place of said
Board, on Wednesday , the llth day of February , 1959,
at the hour of 10:00 o'clock a .m. On roll call the following
were found to be present:
Adiel F. Stewart
Mayor:
Commissioners: Grant M. Burbidge
Joe L. Christensen
Theodore I. Geurts
L. C. Romney
Absent: NONE
James L. Barker, Jr., City Attorney
Also Present:
Louis E. Holley, City Auditor
Oliver G. Ellis, City Treasurer
Herman J. Hogensen, City Recorder
The City Recorder announced that this was the time and
place for receiving and publicly opening sealed bids for the
purchase of City of Salt Lake City, Utah, General Obligation
Airport Bonds, Series January 1, 1959, in the aggregate principal
amount of $2,500,000.00, and announced that 14 bids had
been received. The City Recorder also announced that notice of
the bond sale had been published in The Bond Buyer and in The
Deseret News-Salt Lake Telegram He then proceeded to read
the bids so received. It was ordered that the bids be tabulated
by the city employees and a report made as to which bid was the
best bid. Upon receipt of such report, it was found and
determined that the bid submitted by Halsey, Stuart & Co. Inc.
1- 8
and associates, was the best bid.
Thereupon, there was introduced, read and considered
the following Ordinance:
•
•
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ORDINANCE NO. «
SERIES 1959
AN ORDINANCE TO CONTRACT AN INDEBTEDNESS ON
BEHALF OF THE CITY OF SALT LAKE CITY AND UPON
THE CREDIT THEREOF BY AUTHORIZING THE ISSUANCE
OF THE NEGOTIABLE, COUPON GENERAL OBLIGATION
BONDS OF THE CITY OF SALT LAKE CITY IN THE
AGGREGATE PRINCIPAL AMOUNT OF $2,500,000.00;
PRESCRIBING THE FORM OF SAID BONDS; PROVIDING
FOR THE LEVY OF A TAX TO PAY THE SAME;
PROVIDING FOR THE DISPOSITION OF THE REVENUE
TO BE DERIVED FROM ADMINISTRATION BUILDING
NO. 2; PRESCRIBING DETAILS IN CONNECTION
THEREWITH; AWARDING SAID BONDS TO
Halsey, Stuart & Co., Inc. , AND
ASSOCIATES, AS THE BEST BIDDERS; AND PRO-
VIDING THE EFFECTIVE DATE OF THIS ORDINANCE.
WHEREAS, the City of Salt Lake City, in the County of
Salt Lake and State of Utah, is a municipal corporation duly
organized and existing under the laws of the State of Utah as a
city of the first class; and
WHEREAS, the City now owns and operates a municipal
airport under the jurisdiction of the Department of Parks and
Public Property; and
WHEREAS, at a special bond election duly called and
held on the 13th day of January, 1959, there was submitted to
the electors of the City qualified to vote thereon the following
question, to-wit:
Shall the negotiable, interest bearing general
obligation bonds of the City of Salt Lake City
in the aggregate principal amount of
$2,500,000.00, or so much thereof as may be
necessary, maturing serially over a period of
not to exceed twenty years from date, bearing
interest at a rate not exceeding four per
centum per annum, be issued for the purpose of
defraying in part the cost of expanding and
improving the municipal airport by constructing
a building to be known as Administration
Building No. 2, consisting of a structure to
provide office space for airlines, together with
all facilities necessary or convenient for the
use of the traveling public and others using the
airport?
and
WHEREAS, more than a majority of the qualified electors
of the City voting on the question so submitted voted in favor of
the issuance of the bonds; and
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WHEREAS, Section 10-7-9, Utah Code Annotated, 1953,
provides that whenever bonds shall have been issued for the
purpose of supplying any city or town with artificial light,
water or other public utility, the rates or charges for the
service of the system or plant so constructed may be made
sufficient to meet such payments, in addition to operating and
maintenance expenses, and taxes shall be levied to meet any
deficiencies; and
WHEREAS, the Board of Commissioners has determined, and
does hereby determine, that the bid submitted by Halsey,
Stuart & Co., Inc.
and associates, for the purchase of said bonds was and is the
best bid submitted and should be accepted.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF
COMMISSIONERS OF THE CITY OF SALT LAKE CITY, SALT LAKE COUNTY,
UTAH:
Section 1. That said election resulted in the approval
of the issuance of the general obligation airport bonds of the
City of Salt Lake City in the amount of $2,500,000.00, or so
much thereof as may be necessary, as described in said question,
and the result of said election is hereby so declared.
Section 2. That all action heretofore taken by the
Board of Commissioners and officers of the City of Salt Lake City
directed toward the construction of Administration Building No. 2
at the Salt Lake City Airport (not inconsistent with the pro-
visions of this ordinance) be, and the same hereby is, ratified,
approved and confirmed.
Section 3. That the bid submitted by Halsey
Stuart & Co., Inc.
l , 7
and associates, for the purchase of the City of Salt Lake City
General Obligation Airport Bonds, Series January 1, 1959, in the
aggregate principal amount of $2,500,000.00, be, and the same
hereby is, accepted.
Section 4. That for the purpose of providing funds to
defray in part the cost of expanding and improving the municipal
airport by constructing a building to be known as Administration
Building No. 2, consisting of a structure to provide office
space for airlines, together with all facilities necessary or
convenient for the use of the traveling public and others using
the airport, there shall be issued the negotiable, coupon bonds
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of the City of Salt Lake City designated General Obligation
Airport Bonds, Series January 1, 1959, in the aggregate principal
amount of $2,500,000.00, consisting of 2500 bonds in the denomi-
nation of $1,000.00 each, numbered from 1 to 2500, both
inclusive, bearing date as of the first day of January, 1959,
bearing interest at the rates hereinafter set forth, payable
July 1, 1959, and semi-annually thereafter on the first days of
January and July in each year, both principal and interest being
payable in lawful money of the United States of America at Zion's
First National Bank of Salt Lake City, Salt Lake City, Utah, or
at The Chase Manhattan Bank, New York City, New York, at the
option of the holder, and maturing serially in regular numerical
order on the first day of January in each year, and bearing
interest, as follows:
Bond Numbers Years Interest Rates Amounts
(All Inclusive) Maturing (Per Annum) Maturing
1 - 100 1963 4% $100,000.00
101 - 200 1964 4% 100,000.00
201 - 300 1965 4% 100,000.00
301 - 400 1966 4Z 100,000.00
401 - 500 1967 4% 100,000.00
501 - 700 1968 2.60% 200,000.00
701 - 900 1969 2.75% 200,000.00
901 - 1100 1970 2.75% 200,000.00
1101 - 1300 1971 2.75% 200,000.00
1301 - 1500 1972 2.75% 200,000.00
1501 - 1700 1973 2.75% 200,000.00
1701 - 1900 1974 2.75% 200,000.00
1901 - 2100 1975 2.75% 200,000.00
2101 - 2300 1976 2.75% 200,000.00
2301 - 2500 1977 2.75% 200,000.00
Bonds numbered 1 to 1500, both inclusive, maturing on January 1
in the years 1963 to 1972, both inclusive, are not subject to
redemption prior to maturity. Bonds numbered 1501 to 2500, both
inclusive, maturing on January 1 in the years 1973 to 1977, both
inclusive, are subject to prior redemption, at the option of the
City, in inverse numerical order on January 1, 1969, or on any
interest payment date thereafter, upon at least thirty days'
prior notice, at par and accrued interest to the redemption date,
together with a premium for each bond so redeemed computed in
accordance with the following schedule:
103.007 if redeemed on January 1, 1969.
103.00% if redeemed thereafter, but on or
prior to July 1, 1970.
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102.50% if redeemed thereafter, but on or
prior to July 1, 1971.
102.00% if redeemed thereafter, but on or
prior to July 1, 1972.
101.50% if redeemed thereafter, but on or
prior to July 1, 1973.
101.00% if redeemed thereafter.
Notice of redemption shall be given by the City Txe asurer in the
name of the City by publication of such notice at least once, not
less than thirty days nor more than sixty days prior to the
redemption date, in a newspaper of general circulation in the
City of Salt Lake City and in a financial newspaper or periodical
of general circulation in the City of New York, and a copy of such
notice shall be sent by registered mail at least thirty days prior
to the redemption date to the original purchaser of said bonds.
Such notice shall specify the number or numbers of the bonds to
be so redeemed, if less than all are to be redeemed, and the date
fixed for redemption, and shall further state that on such
redemption date there will become and be due and payable upon
each bond so to be redeemed at the office of the said City
Treasurer in the City of Salt Lake City, Utah, the principal
amount thereof with accrued interest to the redemption date, and
that from and after such date interest will cease to accrue.
Notice having been given in the manner hereinbefore provided, the
bond or bonds so called for redemption shall become due and pay-
able on the redemption date so designated, and upon presentation
thereof at the office of said City Treasurer, together with all
appurtenant coupons maturing subsequent to the redemption date,
the City of Salt Lake City will pay the bond or bonds so called
for redemption.
Section 5. That said bonds shall be signed by the
Mayor and City Treasurer, and shall be attested by the City
Recorder and sealed with the corporate seal of the City of Salt
Lake City. The coupons attached to said bonds shall bear the
facsimile signature of the City Treasurer, which officer, by
the execution of said bonds, shall adopt as and for his signature
the facsimile thereof appearing on said coupons. Said bonds and
coupons bearing the signatures of the officers in office at the
time of the signing thereof shall be the valid and binding
obligations of the City of Salt Lake City, notwithstanding that
before the delivery thereof and payment therefor, any or all of
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the persons whose signatures appear thereon shall have ceased to
fill their respective offices.
Section 6. That said bonds and the coupons thereto
attached shall be in substantially the following form:
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UNITED STATES OF AMERICA
STATE OF UTAH COUNTY OF SALT LAKE
CITY OF SALT LAKE CITY
GENERAL OBLIGATION AIRPORT BONDS
SERIES JANUARY 1, 1959
No. $1,000.00
The City of Salt Lake City, in the County of Salt Lake
and State of Utah, acknowledges itself indebted and hereby
promises to pay to the bearer hereof the sum of
ONE THOUSAND DOLLARS.
on the first day of January, 19_, with interest thereon at the
rate of per centum per annum, payable on July 1, 1959,
and semi-annually thereafter on the first days of January and
July in each year, both principal and interest being payable in
lawful money of the United States of America at Zion's First
National Bank of Salt Lake City, Salt Lake City, Utah, or at The
Chase Manhattan Bank, New York City, New York, at the option of
the holder, upon presentation and surrender of this bond and of
the annexed coupons as they severally become due.
Bonds numbered 1 to 1500, both inclusive, maturing on
January 1 in the years 1963 to 1972, both inclusive, are not
subject to redemption prior to maturity. Bonds numbered 1501 to
2500, both inclusive, maturing on January 1 in the years 1973 to
1977, both inclusive, are subject to prior redemption, at the
option of the City, in inverse numerical order on January 1,
1969, or on any interest payment date thereafter, upon at least
thirty days' prior notice, at par and accrued interest to the
redemption date, together with a premium for each bond so
redeemed computed in accordance with the following schedule:
103.00% if redeemed on,January 1, 1969.
103.00% if redeemed thereafter, but on or
prior to July 1, 1970.
102.50% if redeemed thereafter, but on or
prior to July 1, 1971.
102.00% if redeemed thereafter, but on or
prior to July 1, 1972.
101.50% if redeemed thereafter, but on or
prior to July 1, 1973.
101.00% if redeemed thereafter.
-8- ,.,
Redemption shall be made upon not less than thirty days' prior
notice by publication in a newspaper of general circulation in
the City of Salt Lake City and in a financial newspaper or
periodical of general circulation in the City of New York in the
manner and upon the conditions provided in the ordinance author-
izing the issuance of this bond.
It is hereby certified and warranted that the issuance
of this bond has been authorized by the electors of the City of
Salt Lake City qualified to vote on the question at a special
bond election held in said City on the 13th day of January, 1959.
It is hereby certified and recited that all the
requirements of law have been fully complied with by the proper
officers of said City in the issuance of this bond; that the
total indebtedness of said City, including that of this bond,
does not exceed any limit of indebtedness prescribed by the
Constitution or laws of the State of Utah, and that provision has
been made for the levy and collection of annual taxes, without
limitation as to rate or amount, sufficient to pay the interest
on and the principal of this bond when the same become due.
The faith and credit of the City of Salt Lake City are
hereby pledged for the punctual payment of the principal of and
the interest on this bond.
IN WITNESS WHEREOF, the City of Salt Lake City has
caused this bond to be signed by its Mayor and City Treasurer,
and its corporate seal to be affixed hereto, attested by its City
Recorder, and the annexed interest coupons to bear the facsimile
signature of the City Treasurer as of the first day of January,
1959.
(Do Not Sign)
Mayor
(Do Not Sign)
City Treasurer
(SEAL)
Attest:
y t
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(Form of Coupon)
No. $
January,
On the first day of July, 19 , *(unless the
bond to which this coupon is attached has been called for prior
redemption,) the City of Salt Lake City, in the County of Salt
Lake and State of Utah, will pay to the bearer
DOLLARS
at Zion's First National Bank of Salt Lake City, Salt Lake City,
Utah, or at The Chase Manhattan Bank, New York City, New York, in
lawful money of the United States of America, being six months'
interest on its General Obligation Airport Bond, Series January 1,
1959, and bearing
No.
(Facsimile Signature)
City Treasurer
*(To be inserted in coupons maturing on and
after July 1, 1969, attached to bonds
numbered 1501 to 2500, both inclusive.)
(Form of Certificate)
AUDITOR's CERTIFICATE
I certify that this bond is within the lawful debt
limit of the City of Salt Lake City, in the County of Salt Lake
and State of Utah, and is issued according to law.
Dated this day of , 1959.
(Do Not Sign)
City Auditor
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Section 7. That the Mayor, the City Treasurer and the
City Recorder of the City of Salt Lake City are hereby authorized
and directed to prepare and execute said bonds as herein provided.
Upon such execution said bonds shall be delivered to the City
Treasurer to be by him delivered to the lawful purchaser thereof
at a price not less than the principal amount thereof and accrued
interest to the date of delivery.
Section 8. That the funds realized from the sale of
the bonds authorized by this ordinance shall be applied solely to
defraying in part the cost of expanding and improving the municipal
airport by constructing a building to be known as Administration
Building No. 2, consisting of a structure to provide office space
for airlines, together with all facilities necessary or convenient
for the use of the traveling public and others using the airport,
but the purchaser of said bonds shall in no manner be responsible
for the application or disposal by said City, or by any of its
officers, of any of the funds derived from the sale thereof.
Section 9. That at the time and in the manner provided
by law, commencing in the year 1959, and annually thereafter while
any of the bonds herein authorized are outstanding and unpaid, in
order to provide for the payment of the principal and interest as
the same become due, there shall be levied on all the taxable
property in the City, in addition to all other taxes, direct
annual taxes sufficient to provide for the payment of such prin-
cipal and interest, and said taxes, when collected, shall be
deposited in a special fund to be known as "The January 1, 1959,
General Obligation Airport Bond Fund," and such fund shall be
applied solely for the purpose of the payment of the interest on
and the principal of said bonds, respectively, and for no other
purpose whatever until the indebtedness so contracted under this
ordinance, both principal and interest, shall have been fully
paid, satisfied and discharged. The sums hereinbefore provided
to meet the interest on said bonds and to discharge the principal
thereof when due are hereby applied to that purpose, and said
amount for each year shall be included in the annual budget and
the appropriation bills to be adopted and passed by the Board of
Commissioners of said City in each year, respectively. Nothing
herein contained shallbe so construed as to prevent the City
from applying any other funds that may be in the treasury of the
City and available for that purpose, including but not limited
to the net revenues to be derived from the operation of
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Administration Building No. 2, to the payment of said bonds.
Section 10. That it shall be the duty of the Board of
Commissioners of said City annually, at the time and in the
manner provided by law for levying other taxes, if such action
shall be necessary to effectuate the provisions of this ordinance,
to ratify and carry out the provisions hereof with reference to
the levy and collection of taxes, and said Board of Commissioners
shall require the officers of and for said City to levy, extend
and collect such taxes in the manner provided by law for the
purpose of creating a fund for the payment of the principal of
said bonds and the interest accruing thereon. Such taxes when
collected shall be kept for and applied only to the payment of the
principal of and the interest on said bonds as hereinbefore
specified.
Section 11. That from and after the delivery of any of
the bonds authorized to be delivered under this ordinance and so
long as any of said bonds are outstanding or unpaid either as to
principal or interest, the entire gross income and revenues of
Administration Building No. 2 shall be used (1) for the maintenance
and operation of the building, (2) for the payment of the principa
of and interest on the bonds issued pursuant to this ordinance,
and (3) in such other lawful manner as may be determined by the
Board of Commissioners; provided, however, that nothing herein
contained shall be construed as conferring contractual rights on
the bondholders insofar as the application of such revenues is
concerned, and provided, further, that the income and revenues
derived from the operation of Administration Building No. 2 shall
be collected, held and disbursed in accordance with procedures
established by law governing public funds.
Section 12. That the Mayor, the Commissioner of the
Department of Parks and Public Property, the Treasurer and other
officers of the City be, and they hereby are, authorized and
directed to take all steps and to do and perform all things
necessary or appropriate to accomplish the purposes herein
recited and, without limiting the generality of the foregoing,
said officers be, and they hereby are, authorized and directed to
execute such certificates relating to the authorization, execution
and delivery of said bonds and a certificate to the fact, if it
be a fact, that no litigation is pending or threatened affecting
the validity thereof, as may reasonably be required by the
f -12-
purchaser of said bonds.
Section 13. That if any section, paragraph, clause or
provision of this ordinance shall for any reason, be held to be
invalid or unenforceable, the invalidity or unenforceability of
such section, paragraph, clause or provision shall not affect any
of the remaining provisions of this ordinance.
Section 14. That by reason of the fact that the airport
facilities of the City of Salt Lake City are not adequate to
supply the present and future needs of the City and its inhabit-
ants, and for other reasons, in the opinion of the Board of
Commissioners an emergency exists, and this ordinance is necessary
for the immediate preservation of the peace, health and safety of
the City of Salt Lake City, and shall be in full force and effect
immediately after its final publication and passage.
Section 15. That this ordinance after its passage shall
be deposited in the office of the City Recorder, shall be recorded
in the Book of Ordinances of said City kept for that purpose, and
authenticated by the signature of the Mayor and attested and
countersigned by the City Recorder.
ADOPTED AND APPROVED this 11th day of February
1959.
(SEAL)
Attested and Countersigned:
ill`• " `Ci o
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Theodore I. Geurts
It was then moved by Commissioner
seconded by Commissioner L. C. Romney , that all rules
of the Board which might prevent, unless suspended, the final
passage and adoption of this ordinance at this meeting be, and
they hereby are, suspended.
The question being upon the adoption of said motion and
the suspension of the rules, the roll was called with the
following result:
Those Voting Aye: Adiel F. Stewart, Mayor
Grant M. Burbidge,
Joe L. Christensen,
Theodore I. Geurts,
L. C. Romney,
Those Voting Nay: None
A majority of the members of the Board of Commissioners
having voted in favor of said motion, the presiding officer
declared the motion carried and the rules suspended.
Commissioner Theodore I. Geurts thereupon moved the
adoption and final passage of said Ordinance, which motion was
seconded by Commissioner L. C. Romney . The roll was
called with the following result:
Those Voting Aye: Adiel F. Stewart, Mayor
Grant M. Burbidge,
Joe L. Christensen,
Theodore I. Geurts,
L. C. Romney,
Those Voting Nay: None
A majority of the members of the Board of Commissioners
having voted in favor of the passage and adoption of said
ordinance, the presiding officer thereupon declared said ordinance
duly passed and adopted.
On motion duly adopted it was ordered that said
ordinance be numbered 8 of 1959 and that after its approval by the
Mayor and attestation and countersignature by the City Recorder,
-14-
it be published in The Deseret News-Salt Lake Telegram , the
official newspaper of the City of Salt Lake City, and be recorded
by the City Recorder in the Book of Ordinances according to law.
Thereupon, the meeting adjourned.
Ma"
(SEAL)
Attested and Countersigned:
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STATE OF UTAH
COUNTY OF SALT LAKE ) SS.
CITY OF SALT LAKE CITY )
Herman J. Hogensen , City Recorder of the City
of Salt Lake City, Utah, do hereby certify that the foregoing
pages numbered 1 to 15, both inclusive, are a true and correct
copy of the record of the proceedings of the Board of Commission-
ers of said City taken at a meeting thereof held on the
llth
day of February , 1959, so far as said minutes relate to
Ordinance No.8 of 1959bf said City, a copy of which is therein
set forth; that said Ordinance haslEen duly authenticated by the
signature of the presiding officer of said Board of Commissioners
and countersigned by myself as City Recorder, sealed with the
corporate seal of said City, signed and approved by the Mayor
thereof, and recorded in the Book of Ordinances of said City kept
for that purpose in my office; that said Ordinance was on the
25th day of February , 1959, published in full in The Deseret
News-Salt Lake Teleeram , a newspaper published and of
general circulation in the City of Salt Lake City, Utah.
IN WITNESS WHEREOF, I have hereunto set my hand and the
seal of said City this 27th day of February , 1959.
14"tk
t o N`'
(SEAL)
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c
Affidavit of Publication
STATE OF UTAH,
It as.
County of Salt Lake
S. Iv:. Ockey
Being first duly sworn, deposes and says that he is legal advertising
clerk of the DESERET NEWS AND SALT LAKE TELE-
GRAM, a daily (except Sunday) newspaper printed in the Eng-
lish language with general circulation in Utah, and published in
Salt Lake City, Salt Lake County, in the State of Utah.
That the legal notice of which a copy is attached hereto
Salt Lake City Ordinance Pro. 8, Series
1959. An Ordinance awarding sale of
$"2,500,000.00 General Obligation Bonds
to Halsey, Stuart and Company, Inc.
was published in said newspaper on February 25, 1959.
Legal Advertising
Subscribed and sworn to before me this 25th day of
February A.D. 19 59
Notary Public
My Comrg ssio ire5.961.
1
(ATTACH AFFIDAVIT OF PUBLICATION
CF ORDINANCE NO.8 of 1459)
• •
NOTICE - _ .
ST:.1'b:OF UTAH
OUN TY OP SACS LAKE
.CITY OF SALT LAKE CITY—NS
I The Board of Commissioner.s of the City of Sall Lal,C.,.in the.
'C t I.f Salt L State of Utah to t- 1' in full.
fqq ita th] dthe d:nances- tl 1 f l C-t. at
tt1 me A C to B '1 boom
Lake C t Ut 1 b lh u-
1 meeting lace t said board, retard af,the loth dlr if
I FIlowing BOSH, at thethe hour re 10'.00 o'cleek a. . O' roll gal.the
following were Mang to he ar 1:
Mayor'. a Grant F.Slewatt
Commissioners:Grant.ChB'sf.sea
Theodore I.Ge%
Absent: L.
Romney
I Also Present: James L.B.alkor', it.,City Attorney
I ),pals E Hotcr,City' ndltor
Other G.Ellls,Cite City'mer
I Hermon-J.Hwas the'
time Recorder
Th e'Ci:y Recorder a norrpnced that-fhi4 as LhB timeu nd place
for"f i ng nd P blicly e tje sealed bide tar the p r base E
City of Satt L,xlr City, Otah,rGcncral Oblication Airnor�Bo+��ts,
I S rl .fntlaay L I9a9 the C11re{�ate Priaaipal am aril 52.Onf.-
I Recorder also la Cecedt that notice of"the bolid sealeS t Jecn Cab
lishcd The Bond Boyer and The Deseret News-Salt Lake Trle-
1 in
'cr Proeeedetl to 71:1-nthethjds"so rece:`,' It w ordered
a1 t th c dos id t b i d b ih - fe - d dt
towhich bid d best bid.d tpt t h p Wot
-f a dot - -I tJ+t l hid biivv``g�gt d b H I Stuart'ld
C Thee pee there wa.of t-adocedt,reaRtaeddc nsrderea the 11 w
rng Ordinance: -
ORDINANCE NO.8
- SERIES]9s9
'AN ORDINANCE T TO CONTRACT AN INDEBTEDNESSYAN
VPONETHE CRFDITETHFREOt..By'LrTtVTH CAKE
I71ITvG THE
OBLI ATI F THF. NF THECITY�.C OVPON GENERAL
7N LTHETAGGREGATE PRINCIPAL AMOUNT-y or SALT LOF 82.50n.-
V100 PRESCRIBING THE FORM Or SAID BONDS:PRO-
DiNG FORrTEE LEVY OF A TAX Cl)rat THE cAr.1 r,
'M1tOVIDINti THE DIRFSSITION OS THE PxVPNtlP
O AE.r)rentet FROn° ADM NISTRATION.BUILDING.
I Wt P td t DETAILS�N CONNECTION THERE
RF.
ART
AND HcnT P*n NIN,.AND SAID GNDS TO A ASSOCIATES LASYTHE BEST
nfS.-Rc. 'PROVIDING THE EFFECTIVE DATE OF
OF INANC .
w 1 FrAS of S It L l:e C't the C f Salt
r L Slate 'f�l Utah.1 e i 1 cot-notation stl' .. C ft d
d existing d the law 8 of The Stat f Uah a Oily f the
•
first µHERE�AS.the City new and operates a municipal airport
under the jurisdiction of the Owns
f Parks and Public Prop-
I She F b dee y. [rs sneei t bone etra tier. debt Iled and held n
the City d+y S n �195p,iher ea b Ig affection.ha otecto it,of
the City modified tloa ti thereon the bearing
rig aue bob.
III he 1 he toy ofi�olt,interest b S general obligation
hones of tiroCity of Solt Lake uo int the t ere Cate nr cool
a nu mt of c2,590.erst a ee a much thereofas mayynte ti ne°Ot?woes-
n atvrino e eiZI av perod f not o a eed twrnty
ys from date,t nor segue.rest at ate e exnest of
foam'bey tt tam nor ex issued far .!e ravine E
nit U1o.
daft icin restart;
cart tee rest f r<oanttlln^and,improving v the
i,1 I v e .. C .te e- he known
I Ad ' B 'e f ei 2 t- t t eo
• sse a convenient feeines.+.he use of the traeelmt pubic
' acilities
ande others using theairport?
and WHEREAS. n than n orlta of the Qualified.+ectn,t f
the City voting enoythe oucstiol:so su'omitted vted fn avor'of the
ssua:tee of tire-heads:an"
WHEREAS,Seetlee le 7-9,Utah Code Annotated,1053,provides that.wheetnit bonds shad have been sued for the purpose :up-
utility:airytree r town with a to service
lint.raster ter antltra
utility,the rates o f i s rv' E the p 1 `
• 1 toted b mnnin ff' :tom t I shall Sion eg o rte d ne and esi and
expenses.end Lewes shall be levied
fo mg..t En-- d
4HE.r the ff— i doter mined.find doer
III benefit. determine,
that I ti d submitted. bq Halsey., tuartb I 'd
J d t i �tl I f a�
d - A n, e r
k fi1E Fn AI ll RV TEf RO1 FD Cr
• .nE opi N.,RS n THE CITY OF SALT LARP. CITY, SALT
LAN^.Section
/P That
St ?eid or 1'ne ie
S t _ h t. -^,- cult d 1 'nth -
f tl 1 bl '+'o [hoods C the thereof CI,reo f Salt
rekerfy .the a t f ,sakiOn0.es rl
e o,h declared
'd question. d the 1. [ id
Section eeer TI art h -I f 1 b.ahe Ca,dR t1.,f La1��-
irs y t ai 41+1r ctt-nri t!Building.etoa!.2 Lit, r 1.C1[e
-t A 1 t t t tl f th hl cl
tl
III 1 .Sd the
t Tl't b.bd ftk 1 Heloey,SPEW and Coen
d i_ 'tl h of the otil S
Sarre, at i 10 0
ht. rat Ol o 14-xeerate a. aA ountt of SR.00 00 00, he. and Ufa sa..sc
III h SectionI t d f 1 of n- fuhe nds defray.,n
reorwoot I t f t d h Id imrrovilig- A t t E Pipal airport 'e
t tod ff f-,f l n.
aarifer"rah f: t' ..rd
f rht
flpf -hl id to it 1 - n l 'i,,l
r rotIo* - m P hit the Cety f 1 cake c a
• 1 OhReatinn Air er a SO,s . Jauuarg 1,t9 i r the
42 00000 t f T bl rr
1 c
lorf 0 It b f. 11 5 Iry
• l b f l f bl July n e 'l
hereinafter' t Cannery d I icy
t „,.IJ111 �re,eel ta1d+�.^te oil rbe fi ir,days of
able it lay 11
h tl DID ad t ',de r'a+ t h.,/-n.f TI,,,' N L mt'1 lt ; Boot.S-t
New Eoat S .New Veil.pt*bp notion f Ito adds atari'ser1e11
each veer,and boa.loin in,erest,as fellows: first.day [ Jam.,.
• Bond Nos, Veers Interest Rates Amounts
All 1nc'.uyvc Maturity Per Annum ;Natnrite
-ton 9a:1 4c S1t10,On0.0u
toitee lean 4': 100.00hCO
201E00 10fi5 41 oot,50hen
201-sei t96A 4a.. tit,pnn.en
nei.eei 100,0oo.nn
I,u
.Let-tot tees 275Eri- o.00n.00
901-ton 19r0 Ott eit,itn.an
�1 p01-non 090 _00,000.0n
1101.1,On 1901 2.GR°. 200,000.O9
loot-.son 1912 2 75if 200.000ID
1 sax-t vonI i 2oaono0,no
90Lno 40O0nn0
So-Inn 175 iii0n.i
210t-?00 7 'MI
1 2301.2500 diet t0
2.i5',-. 200,000.00
III Bola, 1 I to 1500.both Inclusive.maturinffu,
I In the 1961 to 1072.both Inclusive, are not b I to
d t- t ..t1 6 .ed l 01 1 ..Od l h
.mib b,ylt
— 1 L--.'v e,aI.,.d-_.,, i t rcde nP t..t the 1.+'.,1 Si I,Cit-.
III
—17-
Lego! Notices l Legal Notices
in inverse l order on J 1 19d0 yinterest Ib d 1 tl d d b. law.
payment Y par Pegaion leas the 1959.- d minus],thereafter while 1v f
d date thereafter,
th t teas,thirtydate,
days'together with t ^ d t 11 any
to
f h l d d d computed'in accordance with the l h t Ih f the 1 d Interest h same
f I + th A ebee nrovide on all h.t bl n the
10,00'; d redeemed i January I ton d i I d l 1 sufficient to
said
lo'DOie -fredeemed hers{lc,,but on or error to Ally 1, 1the 1 f I.w l' n interest. s
19 Il. b chat d t 1 1 d In be
i.]0 ,D�o F 1 1 theiea[ler,but on or Prior to July 1, l 1959 ! l OI.1' Airport Bond
971 f rtec
10L-00't redeemed lhereattel,but on or prior to July 1, I. 1 shall h.smote') 1. f the b pin
101.s0'.o he
19 redeemed thereafter,but on or prior to July 1, .and f•1 t I d I whatever 1t f th.a 1 I t dt ss shall
1one t.Ieen f d Ir• eh d.The h befmc
Notice f0tredeemed thereafter
lit It s b thion of such e City ice t Treasurer f theast once. e-i _ t i .h .1 yd bongs sorted to thatd 1.arge tell
1• h thirty d than [ d 1 thed 1 t shall 1included the it'dcet
1 dote. fgeneral It 11 City of Salt I .t Ito 1. d eo seid rite in each
d dtby hNBeah
L C t a f periodical f 1 I ^ shell [ d t e 1 C fan
ng
calatioc in-1 City 1 d f t tshallb , Awe,eorMinod 1 f that 1 the t 4 .it8 d
rom
e i t 1...least thirty t nothitice
redemption bl� h I t t nit. t h rev.
d t! original h f I1 t S I [ shallspeed.,an i to h d t ti f Administration Building
a b 1 the b t b t d if Less than
11 me to t-redeemed. d de data fd f redemption.and shall N t t l e the opionen!, dby d f th Bna,d of Cmnmis
f tl t I 1 1 It date h will become ore I C. 1 t h T
d Tr h bend tobe redeemed at the office of 1 1 h l II b -.saa v
t C' T - 1 _ f S t Lake City,Utah,the ale, d-', o r t 'v o f
Canal amount thereof with d interest tothe redemption date, 1' f h l 1 11eetton of
11, f' and oft, such dale interest ill a to e h
!t hueineh the I bf 'rid theco- i t 11 manner
h hoods given
d II b d payablef t fond 1 meet
op.the I 1 t d d t t thereof b interest - i ih tree„
at the often I C' T together .h all t 1 I f 1 1 d la to the
b i t t t theredemption date. the Cli. f pl 1 [ d the interest -d bonds s here-
9 It C 1 h h b n - I red f redemption.
Section f Thht said bends shad be signed b'the Mayor and C-ty b n.-f,e, That ail.,fire' 1 r et f the bonds
f 1 1 shall F .t. M1 h C' Recorder and sealed 1 1 d t d' d 1 c any
t 1 f h C[ 1 Salt I C The coupons1 I I h t
-harked h 'h'+l 1 1 'e o the Cityef oh,hoodsd niltial or
lOn
1 f b the f d bonds.shall adona l n i d 1 f 1 I - of d d'ration
as and f. h t the '1 thereof c 1 I C l
bongs i 1 the t f the l' d 1 3 h oilier
ifest
f' thef 11 g tl [shall bethelid d `� 1 Commission-
pod
bl I Cite [RIt7 k City.notwithstanding f11 b H f shalt Ice
t before the d l ih arid t therefor, all f d i th'
h appeal thereon shall have ceased to ft.
II t 1 1 1 h d-d {le.'as
-.h - 1 ` th E Ad 1
Seethe, a.
t 8.41 ',nu, and the coupons thereto attached 11 ',le en,. held t b ref In
shot] , `+ list.,UNITED bSTATES Adieu',"
A T TA
,i,>" 1 r d. established 1 li d y law governing public
STATE Of UTAH e+ ar TY OF SALT LAKE f I C the `^t
CT,,' 1t RAT m0oll f v I d h often', fthe
OF\'F.P.Ar SERIES 1C\Tr^N Ln PnnT BONDS I.. 1 "t t't 'tn
Na JANUA72Y 1,19 i9 <1 0 0.D0 ' '
The City the County of Salt Lake.and State nl F. lid th Ili b` V
Vole, t. if d bled and hereby 'muses to pay to d 1 1 t 0
t!he hearer hereof t, - f et a se
ON Tit 01. 1ND POPLARS d
on I f 1 that 71 said 'lend',d tl
t first d f 9 with Interest tl t the
1 Y reasonablyb d by the
A 11 h. 1 If d f 1J o on l d Jule • 1 `ou I i.,aoy section.neragra..h.clauseI i or trne 1f
in „eh •
f the e nth...,
o 1 hale.",
interest at Zb F1'=1 Nat anal Bank f. ihe she.' onn any reasen.la 1 hold or i. h. hinvalid,tnata5
• It 1 n 1 t Ill on.o Tie Chase Manhattan o shall n of affect f theg p tr
A Y 'City.N v the Len f the holder,u
t tl d h bond and of the annexed coupons on r f thet that theIn facilities
several,as they needs o'hoPeced t le 1 1 na.both ircluslve maturingJaguar, I c 1 It^ 1 t
1 1 iv then nt
in the e,:a t, e 1 e +e111 in c,bl on'Totem,. d E, I t end 1 h t 0irsd an for elide
r iPa-
I t P. t t 0 00.both inclusive, _ h. the oginion of thei slimed tf
d Slob lilt t ]-ion f7 thboth C tinclusive.in ea,e 1 force and effect immediately ftter heeith end saohy,the con, no llits final nubhca
Win t L t t f ,,
o redo accordance inionestt d h it
d , with ds each
r shall l' the
h 1 c d commuted 1n an ce by a premium for
the following l -a d i
Lilo:, a led, n the Mayer and ettoel d and countersigned
.e fter. 1.19d9 by ADOPTED
A
10J.00'�+ „deemed thereafter.hut on or tier in July 1, ADOPTED AND APPROVED this i11M1,hee.fewr y.1000.
AdMayorte t
war
192.50'8 1io n7� ie
—deemed
thereafter.butth n o, prior to July i,
10.00',v 71—.deemed thercaoter,but on nr prior to July I. ,,AL,
d,
e 101-0 7a,edermed thereafter.hut on or prim to July 1 1 '0 R a.
7d C 119t. h 1 I. 0 '{'
1 d 11 II 1 I C.R h[ II I f the Board
n t I he madethan thirty 1 p mine), the d 1pence ho 1e
t - circulate, h ,. d' t thissuspended,
be.final 1 th passage
b ,
f C t __ f dl ] fX. f "'d t the
the• 1 't_ a beidatnic in I C the ordinance authorizing'the issuanced of su-seen_ t b t I eioo ono, I milted with h following result:
t I TheseeVp`. A A P S f.Mayor
- 1 'f d d t. t t f 1h'_bend t P H h'
en
000li`isol to vete h.the m e1 f b l bondelectionI1held't li d ane Ci`v Lee r. If fd -t
d1 1 t U all thet. f T N tine. A 11 i
I d ih f f is 4 - f h 1 [ I E -`i 4 f[' I I 'cdhthe
I t 1 1 d f I i nl f f I t did e
a t b { t I. f the C tE f motion C d the roles TI J.f` t th d the adoption
the 1licli 1 seconded by
ihn •nit i sufficient to Comm one L C.Bruhn,.d The roll a called with a they following
interest
tte .t and tin: pal of this band amount,
the same result:Commissioner
Those Voting Ave' Td'el F.Stewart.Mayor
ha.ohih and coedit of n C. Solt olt Lake Cityn rebv tea t M.Bmbldce
r the punctual payment t the principal of and the i terest a I'-C'l+nistense'n
• 1 \Jlb S \ RC Cityf It Cityh d I d I.C t
fl 1 b T d C i. d t - Those t N C R
I hereto.attested t F d d A t -fitmembers^f then I f Commissioners having
the d f bean 11 -'ire signature of the voted f f the Iadoption' f sa1G ordinance,and
C-.v Treasurer as of the first no day of Jan 9 0. g f - declared d ordinance duly d d
8TaYmi adopted
motor1,go-looted it was orderedthat said ordinancebn
cr•Ai 1 City Treasurer ihn d E 1.5 9 d!hot f ts l by the May
Il=la d t 1 t -e h the CityRecorder,It bei bl 1 ed
• Record, -T .tl official o.f
A i h C Deco,'f h I Solt Cr,C d Irecorded by tl City A corder i '
'FleeF Coupon) 1 the J 1 f 0 d' d' t Na1
Thereupon.the meeting adjourned. Adlel Sl
{. 1 I t f J 9 '(unless the bond to which r�iaate
t I h called f o r'de,notron.l the I !SEAL)
CO- T Salt 1 CRY, the County of Salt Lake and Stale of Utah, 4test d and Cottlersignert
will par to the healer Fhcrm, BelleniCe
.LAPs C
-)h iTi National➢ J k f call ak a C t DOfIt 10 •e Cite.Utah. '1
or t The Chase 1✓ nt into Park,New America,Y bet g six
York months'1tlawnit
o at n its General Obligation Airport Bond. Series a January 1,
1,9,andoht tinned States
earine
N0.
(Facsimile urerature)
he lesertcd- coupons maturing low Treasurer
July 1.
"959.attached to in
niumher'ed 1301 to 2500.both inch
al.a.l ire, of rorefiealel
AJIDITO,RB C,ATJlICATE
J rtle,I ttal+hs bond Is wlthhl the Inwhd debt limit f Unc
and• of Salt Lake Colin i the Cotmty of Salt Laka and State of Utah,
and issued aceerclin'to haw
Da[ed this--- day of- 1959.
Citn Auditor
Pecc eeionf the Citytnf Sall Lake City arc
T,hernb�l authorized and
1ended t a,N c rent^ said bonds as herein n oyi ded.
jonn„oho r1 fig said bolds shall be delivered to the City Treas-
r to lbe h.him n delivered the lawful v. rchaser thereof at a
Inca`h^a(he principal amount thereof'and accrued interest
to�tNseetio o r dTh;t'i Y� +
antheTe n y That +e funds re-,lho Imm the sol sale of the bonds
d b,y this ordinance shall he aonhed solely To defraying 1
Snit tin east Of 7an and imp then ul,heel ar'or by
n ns,,,s.„a a hull dlbecturee I<n owni a officer sna e n Hairlines g to.
��lhoi,s s.111 of a i+ies necessary
n ovide office snare ins . he
hit,al facilities n e k toe the of She
ho ',Wale end other,i she the a hie but the n chaser of
Ici things shell o manner h�r,0 0-ficer for the aof the nn r
•ci ec a enfiyro Y of its oo[flae,'s,of aer of the funds
i.. ^^d s n'tl,^ =1P+oh^rcn.
8
aDM.30n
Affidavit of Publication
STATE OF UTAH,
ss.
County of Salt Lake
D. M. Ockey
Being first duly sworn. deposes end says that he is legal advertising
clerk of the DESERET NEWS AND SALT LAKE TELE-
GRAM, a daily (except Sunday) newspaper printed in the Eng-
lish language wills general circulation in Utah, and published in
Salt Lake City, Salt Lake County, in the State of Utah.
Thatthe legal notice of which a copy is attached hereto
Salt Lake City Ordinance No. 0, Series
195 . An Ordinance awarding sale of
k -,500,OQ0.00 General Obligation Bonds
to Hulsey, Stuart end Company, Inc.
was published in said newspaper on February 25, 1959.
Legal Advertising Clerk'/
/
Subscribed and sworn to before me this $5th day of
February A.D. 19.59
Notary Public
My Commission Expires
Malt.....2-5s---1.961...
- i_s
(v
NOTICE •
COUNTY OF SALT LAKE
CITY OF SALT LAKE CITY S
The EEo� d tt' t ' of the City f 'ltL City, fbe
C mq2 i.a{dtI,L 1 d Stateof Utah, t lat•crslnt full
,yifh I nd the d uc L'ir.Sbe
tar eoeeti,th risceno fBlatE board, r Wedvesctay.�the'ltthl eddy of
February.I959deet the'hour' f 10:00 o'clock a tn. Oir co00 call tha
following were Inund to be➢1'esent:
Mawr: Adel F Stewart
Commissioners:Coen t M.Bstense"
Theodateh I Geurts
r Absent:
ent' None C.Ro y {{WW'1.
Al Frese t S otuin9E ��--
Holley,Cily Aj�ljtertorncy
OliverG.Ellis,C-iN'I
The City It ottrrl1 avirrer
ano 1 ed that this:H was s they iiFe li I dl cc
f f l 0eeiving d 9,sib1-cly°omit,sealed bids for ORR ourchai.e of
e -City of Salt n Utah. General
dilfRo,S.
nar I, 59 n the ag0re^ate'nncOsi:n�0 o nS n_inda dnred tOil 14 bids had'been to et\'ed. The City
1j,ee r Is R t the,notice of O b d 1 h d b .b-
Fq 51G ble•th hd.B tde to're�dnthe hid .. -E Nyer�F SIIII L 1 lered
U de shy bid b-tabulated by the t.'ty c.No and Yot't n
s 10 which bid w 9 lhr.brst bld.DPoe r tut pf suoh'ren t,It
f rI d c. f d tha. h h A b Rteot I...• 'ly,Stuart aftrl
Co n Inc.nd associates, s the eabest'bid...•
1 the follaw-
inv Ordinance. 55 oe Lt d ea, ' a and. nsigeret w ORDINANCF.NO._0
AN ORDINANCE'A3'tb CONTRACT,AN-OIIIIDEBTEDNESS
ON BEHALF OF THE CITY OF SALT LAKE-CITY AND
•VRON THE CREDIT THEREOF BY:,AIITHORIZING TILE
16SFJANCF OF THE'NFGOTIABbE.aODD£OtV GENERAL
• I(CATION BONDS OF THE CITY OF SALT LAKE.CITY
IN may AGGRFGATE TTtNCIPA{i.-AJ4Opt[J1NT";OF 52.500:
0n0,o0'FOsi00RIFING TftE FORM FlF"NAID'BONDS.PRO-
- RIIDING POR't uF LEVY OF A TAX TO. AY THF.SAM5:;
O 1DIN fs o TH 011SPOSITI N e 0`HE P V N rr
AF pann RI n FROnl PDMIN STP N AUI Dl\C,
ii,NG tt TA1LS 1 A M A Nr'-SAID AONflc'M,sS Y S S'``Y 1I ART
•h Cn tPq Y INC.AND A.SSGDq F. kS TIIF HEST
TioSlRS. p nROVIDING THE"EFFECTNE DATE OF
OAr1IN ANC,
Id
Ii end SA9 I of Salt Lake C Vole
ha Comity .`heed
Iake 1 iodating
tnd Itheh lawvsa ofn theclState of as.i:l. I city of f the
first Wcawc and , ;
H R A 1 Cityvones and ii, to rc'ny 1 I al inert
underthe iu'.d tl f theD u..t sent YYdsrh 3 d Public Ploy-
t W ERFA.- t 2 a 1 bond I ct.10, fN called d held o
th f lath day January.lent.there war eubinitted to the c'ecio,s of
the City'u.1 f0 d t th onC sgnc e.t
9ha I 1 g tvb t tY>" a] bl
halide nt h C to of S It f 1 Outo:Z th :R_eeal rn.l
amount t 25000n 00 h 1V f: a h
neo i ea period,pi t S exceed t
scars R dale.bearing interest 1 a t I"
d f eon,oor 'met he t f exuandirc he i d for the,
of
no
aitIneo A si jktE II b Bhtldf e known hs
N dr.4. '1R of 5 upt n
Ash.05 d$Nsoar LV ..ie t fairlines.Ih use thew travelRrs s Tact So(
g botbhc
d d others L61 1he i t
,IFRF Sc thant .hI.sLc oualified electe.s
the-C t yo'inc on thr onestionb'ttlie3 noted In favor of the
Utah ihovides
that`'h n vA55n0a shall have h tow,' od for the nut ated. R e oC a.,
- 4,51eioa city on town with erbficialtE t hr
gi rsr-the
I t b- h few
t 1e service to tof theh system to
tfa 1 ,d n int cane; .and taxes shall be Icvled
in Hefei Anm�anet „=ha=drteemincd.nod does
hereby
rb s nine.
,0that
the bid
fn lltettcu':Iia�r H[ss'ti Steal d d
bonds'00.
and ncrnctr^�t�.ct "n nRnnl "� Bar THE so ARP n1'
D a
'aRS a'HF CITY OE SALT I AICP CITY, SALT
,'t(aid sr. the o:t or the s
n dt hoar, Of Salt
I ',," ef25000 ava,Eleen
F e csd ^ibe au n and the It f nc dt
1 T hoeteiv o dwnb he Ar,Ird or
•^f
,the ,ccr
he� ;cifl�^ �yd�nnti r:n etd.t
�rhas �t!^� Hof 5,•I`,
nP e`
oats a,n ottrnrszsoo,non_OD. be. old the some
•Tn.. -t1.o n rt. ..:iin1•f,;nrt,.r°,mn'av
hoo sw cos,of ett
^=dton e H•r n ,.nH ir .
;hkno st£; n.R,.;
l
O'F for the
d O 11 1 rd t-�
t f h�CGro f se I 0 frlhrr
f S2- n00 n !l
•=F thEer e.At�i daysh r hob,f Jo lv it .�I
nth e,n` 1';a to',1,,
ih Atllh"^d G n4 eriraTe,-t . at ^ref N=Liar, Raols;oo'vC��t
.. the
o �i The aita•
r cit.. ;hr non ^E t
=n e r�soaP;btaa oaf, in
each veer a;a n�;n,1 to t reif efirt�un,�'s�
Bond Nos. Too, Interest Bates Afhounts
All h;ct>ive Ivl190,1 y Pear Aunum ti 11 00
,.10n 19n1 St00,00n.On
oUL^.00 1A.4 h'. 100,000.00
20,200 0n5 9'� 1n0.n00
.1-E00 1.51. q I00,00n.oft
QOl„n0 1010 tux,00
On 501; tarn 8fin 10000000
701 D. tarn 0 05G 2_00 000 O0
col-non ,990 o95't 2n0.0o0.00
11o1-1^n0 102 29S^. roan.02
1am.1200 ,972 200.ehe00
19aa /SO.00n,on
-pane 9vn 2.7s zan.oannn
0101-2 n 100 19Sn - ofl,no0.nn
2,01-2000 199R 2.S5' 000000
2301-2500 1977 2.00', 200.000.00
Bnl orbered t w 150n,boll,)nelusivc,matu_inc e,Sanuary
1 th 'ci 1969 YI 1012,Bb III 1 numbmda 150, 1. 0n. lli irr.
1.1tclusive,a.�sublcet totr01101 r0denf101101s,at the•ontioti o[011te Ciii,f
I by law.
Legal Notices Legal Notices of
° d 1 thereafter 9 9 a t
d R d d
me
t d - 1 1989 an y of realnranido for 1 ti Iinterest n the
M1 1 t d direr. t b ffl t t
P datethereafter, tl thirty d t fee in d d' h h d t t d d
d accrued t t l the redemption date,together with 1 d t b
iillo [ h bond redeemers computed In accordance with the 11 Moil C159,
ql -t General 1 Airport Bond
following rchadule, hike
10200 f d c el or January 1 1969 Fin id I chilli I solely[ the p. f th
10J.00 d lord therea fief but op or rr0t to July 1. t t fi ri 1 f" d hoods, -
19R0, d f h- until the debt d
102.50% 1 redeemed thereafter,but on or prior to July 1,
1971. ^n iv .ee 1 wl,nl,. d1 The rol m I intore'It b'E It
102.00 if redeemed thereafter but on o for to July 1, id d discharge the
10t 0: ff red d th fter,but on or prior to July 1, • I skarairan h:f align
oho,hl-rincludedld to the t annual Old t
a01.t0: f9Iredeemed thereafter. p id h t 11 1 h noels
ei dt by l th NHpis
a
Noticef .d t' shall F bythe City Treasurer in the 1 F 1 rt
f the Cit publication f h [ at least not h the t of t CCITY
1es.,s,th,ia,ii thirty days nor more than SiEly d t thedemp- h h I t to t t I h h
f al 1 t C f Salt t rd t f AdministrationBuilding
L isCt - t noWSInaper 01.periodical f general N h^ bonds.
]tan the City f N York. d E t t shall t b t d f the B d Cominias
sent h -t d mail t least thirty d . t the de fe to the original nurchaser of said bonds.Such notice shall 'fy h 1 h t ilf 11 bd - t
the numberb f the bonds to be so redeemed,if less than 1 dt
All orc to be redeemed. d the date fixed for redemption,and shall
f th state Vol h redemption date there will b and be
f - tofficers
t 11I f iti..'. of
dee d hl I bond t h redeemed 1 1 office of
the 'd Ct T 1 theft f Salt L k Utah,the min r f t df 1 t
lanai i thereof F d interest t thea tna
date. r, M1 I 11 t 1 u
that s d otterh date interest will toc 1 h- ,,en, d
Notice h b - t t -h f provided.the f 1 f d theinterest -d bonds ior l as t here-
bond
boo,,o coiled f ',dominion h] become due and payable S f the bonds
on the t t ,td a presentation thereof l 1 d 1 I . ftil
81 h ff [ 'd C1 T together with III appurtenant t i.ed t r
s any
cannons motorino I [ 1h d tl date the City f 1 d eitherto i t f
ration
Salt . C '.t theb bonds £ d t I,
I 't 16 t said bond,shall be signed by the Mayor ond CIE" I d fit 1
ion
T e I h 11 1 attested by theRecorder d led I f t the
r 1 1 f d d i ter r
'I i I f h fit f Salt k City.The ks I
t b rl 1 1-11 thefacsimile si t theCity
f l 1 1. d h A inskrae ddJ[ `-
T e which fF b the t d b d h 11 dot I r ',hips,7 t shalt b s
I a, oral f h t thef 1 thereof R deosin's,. Sold 1 1 I h h d d f'10
he
fofficeb A time f l bearing g th h11 R f 1 thehe signatures f lid
past binding oblicationsh Cityf Salt LakeCity. 4 itb t dive iciraiion Thum",ton c 1' ho ontleotod.
Fdisbursed
I dut if It n -
h before delivery thereof d t th t all f e d t bl,1 d F R putheir blic
ftttbtelinc
tho n ant urethereon hall have ceased to fill a t i C
S Th t d bonds h coupons thereto attached
shall he b it.r1 I une I i iieto t talus all
STATE OF UTAISUITEDSTATESD. A R mAy
or SALT LAKE 1 he
rip,nP 9er,T 7,1,...Crmy
GENERA.. ICATrON AI RP OnT BONDS I d f - 1. rp.1,011,to rag
SERIES
5 RIGS JAI.DARY 1 1959fial'il.-g-.kr.-C;Oli,7r il l•o"p'-1.1W."11 aten0lifipallnoia o0nOini
thi,tened
he City of Solt T n C ntv f Salt Lake and OStatn f seasonably 1 e required r the
f iriall art es If- d b.d. d hereby promises to pay to ) l f
the bear hereof Om h h d 1, h 1'
ON T OU AND bO ,h'l r snobsection, -
on I first dayf 1 19 withinterest th t the f U h ll affect of the g -
t f t nay-ableJuly 1 1959
d II.-thoinareer on thisfirst days of lanuoiky coot Jolly
t I th facilities in I I d t t b. payablelawful 1 to supra,lhpresent
mono,'or h rd States f A t F National 1 Bank S ll k )t a t Utah.or i The ChaseManhattan f 1 t a b f d f th
H iv y k C in.Now York.at the lion E h holder. n lion
tat this bond and of the dcoupons
r End,norahme.1 To INC.both 1 1 Jana ary ]tl t Cif d
{ rood f LimmediatelyIt It final bl a-
1. ih 1 - a b- tode ts llama, e.
t P b 1501 00.both inclusive,
p. oh,ffii. 00000 .< M1.II ho shall fl the
1 19'1. to1'f both _lho
schlock, d h l, tree notionf It CUE
a trite il 11 ilo,osl
or tiko
or and attested anti countersigned
hrta,ct to he redoininloo no..tou Cher'with
o ..- m
r n o ; for P h At10PTr'IJ ANN APPROVED this it1 ^`^EStewmt y.1009,
d o,d
road so redeemed comed in accordance with the y following ached. Maor
ule' .ioa nn's.1.1062- rc-4rcil cued:
]01.00 d elm d thereafter.but on or or rlor to July 1, H Tr'
Sr
t 1 thereafter,ft. but onto July 1, ( d 1 'd I i
p'
102.00 11.1 I th t but on or pro to July 1. t it tfi all1 1 Rf tl I Board
f t1 b d lhpassage
. hereby
101.50 ENC.
_d dthereafter.but on or prior to July 1,
Tim r Od 9
73.
the asiOnlion
f l d i1 1fir
Re o t 11 d t leas than t °Cmrl t' f 1circulationin ncslnn o. hn 1l nl d IM1 its;follownR :
Tiara Voting A ItFD. P- h' M
City salt conceal Ill Cf Y C t f 1 periodical
of I fdCsourts
this provided the d- th g the e of Theodora R I ey
h h d If' d it d that 1. - f this d A -tl N b N f 1 II f Commissioners h -
11 th th t f h E 5 L City 1ira sold l 1presiding
officer eclared the
duration( t l bond election held
ld in t he d] did
homing r n 1 1 ion as the adoption
1- 1 t -t tat 1a of oral L.C.Romney.The er'oll was called with the following
1 tI ff- f aCommission,
mins d f this h i o tl t 1- d - ofs said resulti
oxoeed any limn Illcsa Voting Aye: Ad F.Stewart.M
b . fl S., aE C tM F b
r levy-and 1 lion Joe T Christensen
.h t .,t f'. ame Theodora SG t
h -t d th i f thisbond h tl C.A
n N None
d f f l C f Solt I Cityhereby A - f tho membersf the Boord or Commissioners1 R
1 '1 1 punctual payment of the -al of the interest t - [ i d:Manikin f -d ordinance,the
t NFATNESS P h.Cityt if k.C-t h sod adorned.
f I declared d duln poised and
this d b b t d Cif, d rt d [ ordered that 'd br
T t h i t..£d h t. Recorder. 18 £19 9 d that after It I F the 11 1
1 nature of the tt _ 1 _ t h II_City Recorder.It b bl'1 1i
City'11.en urea as of.he fu.t day of Sanyo',f 1059. signature
Cl,'Deg N a Lake T.1. O
tile official a t
TI.', the flit. f of Salt ase City,a d recorded by the City P,ccorldei In
the Poo',of Ordlnenees according to law,
City Treasurer Thereupon,the meeting;airman,.cnAL) Ad.
F.Stewart
A frost Mayor
City Recorder ISP.AL1
Np _ 1T nt of C01.10011) 41.1esteri. and Counlerslgitedi
5 H liogensen
On thet f J?illy. I9 •!miles the bond to which SC T. 0a ;7 r
f.11,•- off Solt ,he CIf`'.dmlos the Counten y lofd fm prior Salt Lake anddState of Utah, Published Pub r 1719
will nay to the hearer
ILM.
, at yiionLo, i00h.vrt^icnh 13m1;,Salt Newe yoty.Ciil LFS.City,Utah,
la'fill pioneer r irP Ne"i yoroln n
s1 ifs General Oblisailon AirnortnH nd,'Series January r1,
�Os9.and bearing
No,
(Citysi'I�cTsure rature)
•ml-ln be l ter coupons maturing
aft, 1.
July 19N9,attached to bonds numbered 2500,bOtn.- `
sive.)
r l.n01 of V INEIC`
I -f;Cv that 1hisAlbo ,i wfrltlnTtheClwful debt limit t the
Cl[v of,Snit T,a ice C)fv,i the County Of SaIE Lake and State of Utah.
and I 100 Itt ordin¢to duo
Dated This ce say of 1952:
Cites Auditor
Accord,nioof IherCity at to(Salt Mayor.
aketile
City areTreasurer
author)ed he Cr E
Urn,diraet d to d t 'd bonds herein ,road:
In bo h hi deliver,I de shall be lawfuliverdahto thethereofsee T
to tha..,rtteeor d�rf.eive rincipal amount thereof and accrued interes at t
8 tiro funds fired(' thele 1 thebonds
ih d 1 li h 1 he applies?stloly in(terra nn in
P. t t. .o 1 ri d o the municipal t by
t n h'le'- be kr o s nrstratie-Sir 1 :ng No.
'l,-^r,atf,r.of a si•adore to n video office x a e for airlinos.
withForam f.."t1 f t for the use of the
hoodstraym o I d th the t hut.the purchaser of
Mid by shot'd b he resnonoifile f its If coo
for of the
of)the Ion fundds
deal` d min ths,sale More,' an
3