1 of 1932 - A resolution authorizing issuance of $100,000.00 of Salt Lake City Sewer Bonds, Series of December 1 REMARKS:
Resolution No.
By Commissioner
Marcus
Authorizing issuance of
$100,000.00 of Salt Lake City
Sewer Bonds, Series of Dec. 15,
1931, being.bonds Nos. 1 to 109
inci...,...b.earin . interest at
4 % per annum.
it
f to to Board of CgfI mitak wi
AND PASSED
.Jana 1 51932
Ita
1 1 F ,i
ROLL CALL
VOTING AYE tAY 4 Salt take City,Utah, AN .1.5 1'132 193
Finch
I move that resolution O.., by 1
MII*k V\ASWIXA,
Keyser be adopted.
Knight ,.--n
•
Lake
Mr.Chairman - - - -- -------t7 . "------- 77 -- ---
-../.'
Result
The Board of Commissioners of Salt Lake City, Salt Lake County, Utah,
,Ouru nt to recess
met in an sessiosion rirta;r the lb`h day of
January, A. D. 1932, at the hour of ,.:30 o'clock P.M., due, legal and
timely notice of said meeting having been given to all members as required
by law and the rules and ordinances of said City.
Upon roll call the following members were present:
Mayor, Louis .4arcus
Commissioner, Jos. H. Lake
Commissioner, Harry L. Finch
D.
Commissioner, George,teyser
Commissioner, John M. Knight
Also present: Ethel Macdonald, City Recorder.
The following were absent: ] -ine
Commissioner ZarcuF3 then introduced and moved
the adoption of the following resolution, which resolution was read in full
by the City Recorder:
RESOLUTION
BHERSiS, by the result of a special election duly called and held
in Salt Lake City on Tuesday the 27th day of October, A. D. 1931, said City
was authorized and empowered to issue and sell $600,000.00 Sewer Bonds for
theurpose of supplying said City with a general storm and drainage sewer
and increasing, enlarging, extending and perfecting the present storm and
drainage sewer system of Salt Lake City, said sewer and sewer system to be
owned and controlled by said municipality, and -
WHEREAS, by ordinance duly passed by the Board of Commissioners of
Salt Lake City, Utah, on the 16th day of' December, 1931, there was
authorized the issuance of said $600,000.00 bonds for the purpose
aforesaid, said bonds to be issued and sold in such amounts and at such times
and bearing such rates of interest as the Board of Commissioners may
thereafter determine, and
- 1 -
Ali EAS, there has heretofore been authorized the issuance and
sale of bonds in the amount of $200,000.00 of said issue, maturing
December 15, 1951, being Bonds Nos. 401 to 600, both inclusive, and
IdiS{EAS, it is now necessary to raise additional funds in the amount
of $100,000.00 for the purpose aforesaid, and
WHEREAS, 7`t ., ,C?-P,n_ CS.Pv .r A CJ , .'.) t2C.
r{":) T i T, as agents for Salt Lake City have sold
$100,000.00 of said bonds maturing $25,000.00 on December 15th in each
of the years 1942 to 1945, inclusive, being Bonds Nos. 1 to 100, both
inclusive, as authorized in said ordinance passed on the 16th day of
plub acc-nJed i-
^
December, 1931, bearing interest at the rate of 42% per annum at a price of nc r"
satisfactory to this Board, which offer is the best and most advantageous
offer received for said bonds, and it is deemed for the best interests of
said City that said offer be accepted, which offer is in substantially the
following form, to-wit:
boncrable City ;o ..aio,;S
apit. Lake City, Utah.
As a ,eats of Calt Lake City we have sold for
delJeery in San Francisco, ( .1ifornia, ' 100,000.00 3alt Lab;.
city 5eo.nT•_ -_ands beari.im :nten°s t at the rate of 4., per annum
(..a.ted December 15th, 1.0:31, due and payable serially in numerical
order $25,000.00 on December 15th, in each of the years 1r.42
to 1945 both inclusive, as described i n an ordinance passer:: b y
t - 300.t d o-_ Co;s .r
� of It LakeToy on De., -c_3t ,
1031 , a r ofe ,, r and interest for the bonds to b aI
• on Jammu•,ry 15th, ' 332 by our client who has stated tha.. he .a 11
airs fund;, fro_. Son Francisco.
The uon'is arc to Se actor. :,nied by the 71PT,
lc,79,1 opinion of ',1ho,so:i, -;pod a.fml hof '.an of 7e-:, York- City,
,
J.. .nfoh io to se .,-_i7 d. Co us r ,,h _ l'-_, ,i.i ':) A..._o.
s Offer __ 'o r• immediate acce ntance only.
;e -pectfully submitted,
;D', b1.) 5,. 3-LP,T c 2 .
3y L. 0. Jan Voorhis
lice-rresident
Firs .ie curlty Co ., .ny
- 2 -
Nod, THLFiFOEL, BE IT RESOLVED THAT THELL SHALL BE ISSUI.D
0.00,000.00 of sale Salt Lake City Serer Bonds, Series of December 15, 111,
being bonds Nos. 1 to 100, inclusive, due and payable ',:R5,000.00 on
December 15th in each of the years 1042 to 1545, inclusive, crhich bonds
shall beer interest at the rate of 4= per annun, and
SF IT FU bcl Ii:OLVi . that the City Treasurer be and. is hereby
authorised and directed to deliver said bonds to the order of said
in San Francisco, California, upon receipt of the purchase price therefor,
in the sum of 0_00,000.00.
ADOPTEL THIS : day of <J� 2.
anu^ry, A. ll: 1H2.
°slayor
ATTEST:
City Recorder
(SEAL)
Co,ziissioner _ _ seconc_ea the adoption of the
f'ofe5oinl resolution and the same on beint ,ut to 4 vote was unanim:usly
carried by the L.ffirmative vote of all Co:mnicsioncre present, the vote beinb
as follows:
Coaatil,cioner, Louis arct:.:., rJayor "Aye"
Commissioner, Jos. h. Lake "Aye"
Commissioner, harry L. Finch "Aye"
Con issioner, George $eyner "Aye"
Com:iiesioner, John Pus. Knight "Aye"
LO TE'L ,ll ^['PROVED THIS _day of Janu_:ay, A. D. 1952.
4
ATTL.T:
Mayor
City Recorder
(SEAL)