17 of 1929 - A resolution authorizing the cancellation of eight, $1,000.00 Sewer Bonds, Series K, February 1, 192 REMARKS:
Resolution No. I
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By Commissioner FEHR
4 Authorizing the cancellation
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of eight, $1000-0.0 Sewer
---.Bonda, Series K Feb. 192i.
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ROLL CALL I
Salt Lake City,Utah, April 26, __-- l92... .
VOTING AYE NAY
Burton
Fehr dr I move that the resolution be adopted.
Finch t'
Moran
We
Mr.Chairman - - - ,
Result RESOLUTION
WHEREAS, the Board of Commissioners of Salt Lake City hereto-
fore accepted the bid of Snow Goodart & Company to purchase at par
and accrued interest plus the premium of $8,000.00, $750,000.00 Refund
ing bonds, which said refunding bonds were to pay for the $750,000.00
Water and Sewer Bonds of April 21, 1919; and
WHEREAS, on the 29th day of January, 1929, said Board of
Commissioners passed an ordinance providing for the issuance and
sale of said refunding bonds in the amount of $750,000.00, part of
which issue consists of $196,000.00 Refunding Sewer Bonds, Series K,
dated February 1st, 1929, numbered from 1 to 196 inclusive, in the
denomination of $1,000.00 each with interest coupons attached, prin—
cipal payable serially, the first fifteen of said bonds on February
1, 1930; and
1 WHEREAS, the said Snow, Goodart & Company instead of paying
the city the said $8,000.00 bonus aforesaid paid the city $750,000.00
- for $742,000.00 of the said refunding bonds; and
WHEREAS, the first eight of said refunding sewer bonds, Ser
K, were signed and issued by said city but.were not delivered to said
Snow, Goodart & Company in lieu of the said $8,000.00 bonus and are
now in the possession of said city.
NOW, THEREFORE, BE IT RESOLVED that the said $8,000.00
refunding sewer bonds, Series K, dated February 1st, 1929, numbered
from 1 to 8 inclusive, in the denomination of $1,000.00 each with
coupons attached, payable February 1st, 1930, be and the same hereby
are retired, cancelled and annulled, and the auditor is hereby
authorized and directed to make proper entry to this effect in
it
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his register.
Passed by the Doard of Commissioners of Salt Lake City,
Utah, this day of A. D. 1929.
Mayor.
Ci y Recorder.