10 of 1931 - A resolution authorizing Salt Lake City to borrow the sum of $20,000.00 from Walker Bank and Trust C REMARKS:
Resolution No. 1°
By Commissioner ehr
Autlior 1 LL:1;'0 city
t o borro.: tIi owl of ,;20,000.
fro].1Jo lbcr on:, ." Tr.Co. ,in into into res Lot the rots
r Lnnum, Co uotli,t to be (.-ae
eoc, Le3 e on o: befere :Joon: -2Sr
1:3, 1032.
P,risouri itt3[tnild of Commissioners
PA51F.TO
MAY 111931
CITY RCOHiJ
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VOTING AYE AY Salt Lake City,Utah, May 12, 19 31....
Burton - - I move that the resolution be adopted.
Fehr - -
Finch / C
Lake
—Vjr
Mr.Chairman __
RESOLUTION
Result - - -
WHEREAS, it is in the interest of the public health,
welfare and convenience of the City of Salt Lake and a municipal
purpose to secure the location at Salt Lake City of a Uniter
States Veterans' Hospital; and
SRIRLAS, in order to accomplish said purpose it is
necessary fot Halt Lake City to purchase certain land at an ex-
penditure not to exceed w1.0,000.00; and
/:HEIC AS, the said 4S20,000.00 must be borroced by Salt
Lake City and when eorrp, .ithin all lawful debt limits
of Salt Lake City.
NOV', THEREFORE, BL IT .E•COLVLD that ?alt Lake City borrow
from Calker Cank & Trust Company at Salt Lake City, Utah, the sum
of 'Twenty Thousand (s; );000.00) Dollars and to secure the re-pavment
of the same the Mayor and City Recorder are authorized to execute
end deliver to said ;'talker Sank & Trust Company a promissory note of
Salt Lake City dated April 15, 19C-1, besrin^ interest at the rate
of four per cent (4%) per annum, due and payable on or before January
15, 193ti.
In the opinion of the Board of Commissioners, ft is neces-
sary to the peace, health and safety of the inhabitants of Halt Lake
City that this resolution take effect April 15, 197,1.
'This resolution adopted kly the Board of Commissioners
w of `Salt Lake City, Utah, this _ 1/, _ day of , l97,1.
Mayor.
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City Recorder.
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