17 of 1936 - A resolution authorizing issuance and delivery of Bonds Nos. 26 to 40, both inclusive, of authorized REMARKS:
4 I
Resolution NO. 11
Murdoch
By Commissioner
Authorizing issuance &
denvery-bf-bonts-Nbs. 2e-to
40, both inclusive, of authori.-
ed issue of Salt Lake City
Bonds,Series of April 1,1556,
in the amount of $50,000.00.
Proseeted te the bird of Gonfalon's
AN PAVORD
JUM 2 1936
; Utt,httatelota
Ci 1Y HIECORDER
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� r
Rec.104
ROLL CALL ' •
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VOTING AYE N Salt Lace City,Utah,. ° 193 6
Gown •I move that re*o1utii�u No 17 by Mr
be adopted.
Keyser
Murdoch
Ion GZe-10er
Lee '>.,.
Ms,1airman
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ORDINANCES AND RESOLUTIONS
Resolution No. 17 by Commissioners Murdoch Page
WHEREAS, by ordinance passed by the Board of Commissioners of Salt
Lake City, Utah, on April 2, 1936, entitled:
"AN ORDINANCE PROVIDING FOR THE BORROWING OF MONEY AND THE
ISSUANCE AND SALE OF BONDS IN THE AMOUNT OF FIFTY THOUSAND
DOLLARS ($50,000.00) FOR THE PURPOSE OF RAISING FUNDS TO
DEFRAY THE EXPENSE OF MAKING IMPROVEMENTS AND ADDITIONS TO
THE SALT LAKE CITY MUNICIPAL AIRPORT,"
there +as authorized the issuance of Fifty Thousand Dollars ($50,000.00)
bonds of Salt Lake City, Utah, for the purpose of raising funds to defray
the expense of making improvements and additions to the Salt Lake City
Municipal Airport, said bonds being in the denomination of One Thousand
Dollars ($"1,000.00), dated April 1, 1936, bearing interest at the rate of
one and one-half per centum WI) per annum, interest payable semi-annually
on April 1 and October 1 in each year, commencing October 1, 1936, and
known as "Salt Lake City Bonds, Series of April 1, 1936," numbered and
payable as follows:
Bonds Nos. 1 to 10, both inclusive, due April 1, 1937 - $10,000.00
11 to 20, both inclusive, due April 1, 1938 - 10,000.00
21 to 30, both inclusive, due April 1, 1939 - 10,000.00
31 to 40, both inclusive, due April 1, 1940 - 10,000.00
41 to 50, both inclusive, due April 1, 1941 - 10,000.00
and
WHEREAS, said bonds were sold to the First Security Trust Company,
Ure, Pett & Morris, Inc., Edward L. Burton & Company and Snow, Bergin &
Company, all of Salt Lake City, Utah, and Twenty-five Thousand Dollars
(t25,000.00) of said bonds, being bonds numbers one (1) to twenty-five
(25), both inclusive, have heretofore been delivered to said purchasers,
the purchase price therefor having been received by the City, and
WHEREAS, additional funds are now required for said purpose in the
amount of Fifteen Thousand Dollars (t15,000.00),
NOW, THEREFORE, BE IT RESOLVED: That of the authorized issue of
Salt Lake City Bonds, Series of April 1, 1936, bonds numbers twenty-six
(26) to forty (40), both inclusive, in the amount of Fifteen Thousand
Dollars ($15,000.00) shall be issued and delivered to the purchasers
thereof,upon receipt of the purchase price therefor.
This resolution shall be in force and take effect immediately upon
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its passage and approval. , if
PASSED by the Board of Commissioners of Salt Lake City, Salt Lake
County, State of Utah, this 2nd day of June, A. D , 1936.
<�er
ATTEST ,z:90/3k.'
City Recorder
(SEAL)
APPROVED this 2nd day of June, A. D., 1936
NV-or
ATTEST: _
City Recorder
(SEAL)
Commissioner Murdoch moved, seconded by Commissioner Lee
that the resolution be adopted, which motion carried, on the following
unanimous roll call votes
P. H. Goggin, Commissioner "Aye"
Geo. D. Keyser, Commissioner "Aye"
W. Murdoch, Commissioner "Aye"
Harold B. Lee, Commissioner "Aye"
E. B. Ervin, Mayor—Commissioner "Aye"
ATTEST:
City Recorder
(SPAT)