HomeMy WebLinkAbout17 of 1963 - A resolution providing for the issuance and sale of $4,000,000.00 Tax Anticipation Bonds of Salt Lak Resolution No. 17
or J. Bracken Lee
By
eoMMIssIoNee
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Providing for the issuance and sale'
of $4,000,000.00 Tax Anticipation
Bonds of Salt Lake City, Utah,
Series of July 1, 1963.
II
Presented to the Board of Commieeionen
AND PASSED it
JUN2 51963
l I.
Carr RECORDER
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71ka Mart ol,',Comaisslabore,of Salt feet City rat is regular
seanica at Tuesday , the 25th air of June , A. D., 1963,
at the hoar of eels*, A. lt., at the rsgelar Mreattat panne.
?y sseting Imo M1Yad to ate.bp, Mayor J. Bracken Lee , aid as rat
SOU the archers were sroaat,t
seams Lea Caduri s of/Walla Affairs aad
Yinwes
A. C. tea' Omaliabaser of Peeks cat it,1►Aie
P roseety
Joe L. ChriRtwtaen itaidasisarr of streets eel Italie
leprovaiesta
Corte t 1. Smart eastiosioser at Public 8atety
(Absent) fooraikli. hharriaar CoatdaeleMr of Water B 1r gat
Waterworks
Cneesasloaer L. C. Romney iatraaerd the
tolled**reaeartiea ate aswd its a/asttoa:
UllQkilLQlt
A 101101111=111 901t i'ss DIVAN=AhP SAii an lOO hhxlZl ==LOS
(0,003,000.00)!At AlrfICISATION WOW 01 Miff ZAsi COW, WAX, SEE Cr
MIX 1, 1963.
his, there is ea laaHialta alit prsaela0 Mad Su`the rasaiwg
of foes is the weerait of Wear*chat lepers (0,000,000.00) for the
purses*of aeetieg the enraort osmoses of This lake City for the Meal
leer wiling Jae 3D, 196k, until the ywpaea6 of tease eat rsadyt of other
reamer for nail limed year, gal
.mwa. the sea of rear w'-°Wars ($,000,000.Oo) wow to
be raised, t osethetr Leith the other latebtakeesa iaenrrsd She the largess
of aietiis the sarrert lagyeasao of Batt Labe City for the fiseal.year
eating Aar 30, 196k, to ant is exam of the rermen to be raised for the
!lain,year 1, 1963 am June 3), 19611.
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Xi, 110PMFORI, as IT DD10W1D Di TU IMO OP 00.11211110111118 or
Mid Lin part, Mir
Seetias 1. That emit Belt Zaire City, Malt, tar the purpose of
weskits ell seesaw of said City far the fileai year Jt4y 1, 1963,
Jmtae 30, 464, mail the pagnsst et times art ethos manes for the fugal
year ending Jess 30, 196h, shall barrow the smn of row allies Dollars
($ ,000,000.00) gist for that parpese as seldom of stash indebtedness shall
loose twenty boats therefor, of the dmartaatiea of Too Laathre'Theasast
Dollars (44100,000.00) saga, timbered ens (1) to twenty (a0), both to lsetve,
sell boob shall bear albs of July 1, 1963 ant shall be tie eat to /able
Jemmy 15, 1964, bearing interest at the rake of ewe set eighty fire
haabetths per eemt (1.80) Per saris, Dspsble at maturity, both prissipsl
stet toterest belts pspsbls at first bearity Dank of Utah, D. A., Solt Lake
City, Utah. Belt bests shall be sigma by the riper soot attested by the
City asserisr meter the seal of the City, eat shall be resisters'la a book
kept by the City MKtar for that parpos* and the City Auditor shall
mrbmee ea Bald beads the artifisste reisissd by La. Bait bads shall
be is eabotaatially the tolls isg from, to.mitt
S 4r AISMICA
SIMI Of Val
SA@ ina CIT t
$4 & $L9.U!3!L.4U !4ffil
simmoom
Series et July 1, 1963
SWOT AU WOW It 1101011 MOM Thst Sail lake City, theesiitad
Omar of salt lake, Ma of Utah, hanky adanattelgas sat far value received hereby premiss to pity to the bearer karat the son at
TWO SS>=llloFAlAID DDUAIS (SIO0,000.00)
fe larded antoy of the Salted Stamtsi of atria on the 19th tot of Assmy,
A. D. 196k, at lint 0aerltty Task d Oa, W. A. Salt lake City, Utah,with iaterte%therein at the wets of ass ad .l y llsr htadrsdt s per ant
(1.110) per eamlema, fees alto rail Patio 1eHrsst pie at asterity.
This bast is see et a arise at treaty (SO) bads of like taeer at
tato aadnrd trot ens (1) to toasty (as), tail' 1 S+,_to. t laser as "Salt
lake City Tat Aatisipatiow Dads, Swiss et tally 1., 3963", for the aggresses
eat oft fare 1Atiliaa Dollars (0,000,000.CO), Lesa poemar it to cooties
i0.8.6, llta Cots Aaretatrt, 1933.
scrrotag air at Salt lake City.hall levy is the floral year
doll pada Der the alisetios
et sattisiaa ramose star thin tans to pay the prissigel artIstorost
ea this bead as the sage shell tall des, eat this boat is lama is aatiai.
Patielt
it 3C 1961t
t ash tams ar a t the.oli.sttsa at sea renne.as fear
thet
1t is parity tertitied, redtd at feelard tbst the satire latest.
arias et scat City hereby isso rrsd IS at to amuses at the tees at other
trevsrarrs of'sit City to be iaatat at.oll..ad, fen the Meal year eaaas
wore 3Q, 1964 at that melt tatsbtotooss as at is seatratd for the pa,.
pear for arias said taxes end aroma afro levied at to be aliened.
It Is tartar eart!ltsd, asitat sat taolar l thot all Satittaar,
atsal at thew bowie UPPetelt
haw boonteas, sod dtthat ovary re rs to the viiitlity aot oof lour east,e brut tares
bereed has rue 1017 eaarpllat Math► at that this boad is uithda every dolt
sad star limit prescribed ar the 0astitaios and lama at sat*State, at
that the #hall faith and credit et Salt Liles City are hasbr trroresahiy
Adopt to t>Noottia MONO Of the priseipai met interest Of this boo
sommitisig to Its toas.
Ill CMOS he11Mit, Salt Lb City has mast this boat to be
dose b .tor, its
e s limi at sal
lto bar , 1 , art seater.
963.
(pa vat eta)
Weyer
COglllt
Me sett aiaa) City Saasdsr
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There shell be eadorssd ea said bads the lollosing City Awlitor's
Certificate
"City Aditarr's Certificate
I hsarby eartify that this bed to shuts the
awful debt Unit at Salt L .City, fish, and
is Lessee.assoadty to loss.
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Nestles 2. All the ovreaasts, atstc .ta, t • sad
eg eawrata eaahadaed is aid bonds ire hereby adapted as covenants, state.
nests, rrpreaanNtien, esseasans cad pevdsa of Salt take City, Walt.
testis 3. The Item at Salt Lace City is hereby anthwrised and
direstad to alit aped epusetc raid hoods Mi the City baardar is hereby
wtheatmd sod directed to attest sod*ttlx the seal of Salt tam City to
odd bonds and the City Metter is ae arrissd sal directed to plies epos
sea bads Ur se tifiects is the arenas sal dram set forth abowl Md the
sate at save bkpar, City tisamrtr cad City Ameiter is se dries are awl
shell be the set sod deed at Salt Lite City.
Metioa h. That the Board of Coww asiaesrs shin eery is the
lineal year edict Jam p,_1j6h, a s*1flst at lox or psmride ter the
sollestion of cnttidest rev nass to per the principal alai interest is
emit bowls se the sec shall tali Ors sdrd err the ygasa et laid bolls
ad the interest thereon the tell, faith, eredtt and troda'power of
Salt Laos City is hereby irrecooshly pteyet cad the awed of tkfldNieasea
hereby omrassma a with the bolder of said bowls that it sill levy is the
Meal year ending aloe 30, 3.964y a sattisient tat or pawl& fan the
eatlswtian at satfidasst rsvwsn es for the esysest et the principal sad
interest of meld bonds.
.1.
ghettos 5. that the Rust ssesrity Dwelt of VIM, n. A., snt
Asssaiatss, OoYtt Lake elite►, shah, has offered to psrehaso said beds at a
prises setistaetory to the hoard ad Oerstlse eiss rs, Wait atte r is the hiihnst,
best and nest adviateseess rossirsl tOr ties geirelesee ss add Lads. Sail
otter to ant the sags is hpsaLor sssssbsl, and ties City lroass*sr is h&s*j
asbeLosissd gnt isstrastod to ddit'er said Deosgr hi lira*adtsrs ($,0S0,000.00)
Loots to the poaohnor tbarsot, spell apt of the MOM print thsrelbr.
sestian 6. Thett sea easrigele r is hereby alsosasrat sat is the
opiatoa Of the soars of OconissisMats belease of the areowtty far teas
to wet the ems* espossee< of said Oily, it is assssasry tar the pease,
hsstth sai safety of the islesititsit$of sett Labs City that this rsserltttiaa
OM tees idlest at ogees.
Cooties T. this r' Hall take effaot tsaas isd p.
NSW)by the Soot Of theloLs doefors of salt Lotto City, Utah sad
geheraved this 25 thy o p� June A. b., 2$3• •
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The abptiaa of the tereqping reetelities imeo oeeenhei'gip►
Qooktessieser Jae L. Chr3 ateneen sod the ewe OK Wag paf tip•
VeS VMS illaratmaaly ferried l;r the offizeietiv.vote etdiCaseteeteoare
pram, the rate betas ea follow
Moor J. imam toe "yn"
Coseetaeleser la. 9. iheiber "AS"
Qo talrrr b. 9trlaCaeaaa "pa"
OranRntemer Iformort Y. Ebert "Ara"
Cosotioisoor (Abaen
*Ititt4A9444
tm1t,)
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MIS Of MK
OSSOfi o1 ' L� )
I, Herman J. Hogenaen , tht Alsip oboist, apolitical
sot gotta;City Sowtor of Salt Lis City, Oak, as hrN r °ertl*that
the t rorti*s mei attoshai own sr*a tall, tare ail of the
Wads*ail a saplar asstia0 of the Mt of eoolost000rs of salt Leo City,
Vim, ear sad,leaNis11,r.s'iit ea h.u.ea Tuesday , M 25th isr
of June , A. D., 1963, at the Leer of 1'w *Wash, A. lie,
tannts"as the sass Jester to or season the tr.aar os ai`*,COO,000.00 bait
lots City, Oak M Aattdtiettaa* Be, Swiss U Orly 1, 1963, as the sale
wear to roma la ler offices that I tooloolati atteaM5 at oatA,wttp
pl that the torsgfrias olossidiaso trtre to roast bald as is sat slants
a vanes'O1mRlI, I has haaecto sot ay hod sat Orissa tbs
MoOtost. loaf it mitt Halt L1h.City, 1 to, this 25th awe June ,
A. D., 1963.
OWL)
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0001111 01 SAM LAOB )
I, Herman J. Horensen , the duly Ao•ta► qualified cad
acting City Recorder of Salt Labe City, Teak, do hereby mortify as follows
1. Thet Salt Lake Clty, Teah, is a City of tbe first class, was
imeoryoratea to the year 1260, sand aesoad*ag to the tatted States deems for
the jeer 1960, had at that time a population of 19943k .
2. That the aaem of the!!cabers of the Saari of Cmadasicaers
sat amiictpsl officers of oeta Salt Lake City.re se fellness
rigor J. d rsokea Lee Teea soirees Anew 6. 1964
Csaetssissar i.. C. Mow Tea.apaches a aseeery 6. 1961
Caaaisrtasrr Joe 1.. Cartat.ion Tea mires t Jsa:araeei 3. 1966
Caaotssioasr Herbert Y. *art Teas soiree: Jssgan 6. 1964
Cesaiidoaaer Cowed P. Sams a Tea soiree: Jasuatri 3. 1966
City Auditor Loads S. Soils( Term expires: Jasaer,3. 1966
City Tr saeeer leautass Philips Tern.apirea: Aveotaated
City Meader Seraaaa.7. 10meas}ai Tea entrees Appointed.
3. That by winnow daly passer by the cues of Caaaatssieaers
of sole City sad recorded to the Board of O.nKsstcssr's ideate record, the
reelas aiettas of the Marie Camiesimeers vas flared to he hates follow:
Each Tuesday, Wednesday and Thursday at 10:00 o'clock a.m.
k. That there is as lit! tine pendia(or threst.asa affecting
to say aay the leallity et the $k,000,000.00 Beads of Salt Lobe City, Mae,
Seater of Joiy 1, 1963, or mystifier Lune of toads teased**said Salt
Locate City, cribs bomdaries of said City we the title to office of ae0r of
the°Meers thereof.
Id VIIIRBB ISM, I have heresato eat w h ea sad affixed the
corporate seal of said City this 25th our of June , d. D., 1963.
k\t"411*Virevist
(SUL)
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cam ar M1 LUX )
I, Herman J. Hogenaen , the duly ehsea, qualified and
satins City awarder of salt Lake City, Utak, do hereby°artily that due,
legal sad timely Coshes of the resalar as.tiar of the Searle Censisslersrs
of salt Ldtt City, Utah, haid ea Tesday , the 25th dor of
June r 1963, at the hear of 10:00 Welenk, A. X., vas Area
to all*.bars as repined by and in fell hatordraae with the laws of the
stet,of Utah end the rules ad ordinaries of Hatt Lake City, ash.
Ix MOM UIBRIOr, I hare hereunto set wy had end affixed the
earpOaeat, seal Of said salt Lace City, Utah, this , 25th d 'Ode. June r
A. D., 1963.
(srAL)
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STdTS a 17 )
s BS
mom OF SAT@ IAA= )
i, leer I. Salley, the deli deem, qualified mad slated City
Auditor of Salt late City, Utah, to hereby certify to the fellowiag facts:
1. That the elms of thsttemehla property
dthla salt City, aesesdiai to the a meement for
the year 1961, vas . 1,278,507,720.00
and far ter year 1963 rill not be loss them . . . 1,321,873,770.00
2. That the tau levy far the said City
for the year 1962 as. * 24.00 Mills
3. That the estimated wqrSOOOI for the
meal year adios Jun 30, 196k rill be 4 13,318,448.00
*Leh sae it mill be necessary to anise by tines
eel other lrronlell daring the final year ending
Jinn 30, 120.
k. met the tax lira for this !teal
isr mile"Jere 30, 1264 is 2/.0(J: ails and
that the estimated r'euesa for the neat year
satin.J1ms 30, 1964, are . . • • 13,313,448.00
• wh
isk ash thee' hes beam received to date the ma Mee
5. That said City hes mew reseals bads
aetstandial in the sett of $ Ike
aid wear review bands catatourtica is the eat of • }} n
of whisthloeee
is !'pirsd for Irritatiel end interest psamsut daring
the rise].year ending Jews 30, 196k.
6. rut the taxes heretofore lavi'd for
the yaw 196ir sad *eese pars Mt yet osilestad
or paid to said City are • * 30,850.00
said amount being Mutating and omeollsated as
the 30th dope'! June , 1963.
q. That the tote'authorised tear of
0,000,000.00 Salt lase City Taft Artteipeeios lees,
eerie. of ably 1, 1963, 'oasiatiatg of treaty beets,
in the tsaotdatetima of $ 00,000.00'arh, nude be
le gd*y isms*aid delivered dtlda the debt limit
of said City eat is set is excess of the estimated
reverise for the fiscal year ending Jams 30, 1964.
8. That the total bemRid pima obligate'
indebtedness of said City, emslisslve of this isms is . * 22,142,000.00
9. That the said Issas of 0,000,000.00
heads is Mt. im smtisipstioa of the allestioe of
tames led other mews for the finial year eating
Jose 3o, 196k, red that inalnding the said Tax
Amtisipsaties Bade, the booted lalabteatess auto la
sestioipsttiaa of the sellestiae of tare nerd other
re ven ees far the fisea1 year fading Joe 9d, 1964, is . $
.10.
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10. That the aggregate assuet of fleeting
indebtedness of said City of every suture ohataoever
es of , ether then that
mentioned in yarsgr 9 above, is $ None
11. That the said Salt Las City Tex
Aatioipstiaa sonde, Series .f ably 1, 1963, or. a
general obligation of Said are payable suit of the
taps Iodates to be levied es all taxable
property vtthin said City' that the axes are issued
in antioipstias of the eellaotiss of tease for the
year ending Jose 30, 1964s that the aggregate amount
of indsbtedoNs incurred is astieipatlas of the
taxes for the year 1963, inalndisg this sewn, will
not be is asses of the taxes and other revenues
for the your 1969.
11. That the total 'mount of sash is the
sinking load is $ 330,000.06
13. That the said Salt Lake City has
sever within the tempers last past, defaulted
for fifteen dads ornery in the popes* of
priaalpai or interest of say bonded debt authorised
tabs ocstrasted by it.
14. That the estimated renew for the
fiseal your eadissame 3D, 1964, se Salt Late City
other than tram amoral taes, are . * 8,510,769.00
2s mow Im oo,, I have hereunto set ay bond sod affixed the
corporate seal of said Salt Lake City, Shah, this 15th der or Jolly s
A. D., 1963.
CitiyAOr, ,b�.h
AMAMI
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(SAAL)
STABS Cif MAII
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LOOM at MIA MU )
X, Herman J.• Hogensen , the duly ahNMen, qualified Mnd
eating City Recorder of Salt Leh* City, Stab, do hereby certify that no
referendum petition hes been filed attesting in set thy the resolution parsed
by the Board of Coatiesiarers of salt Lahe city, Utah, en the 25th
of June , 1963, vhieh resolution authorised the issuance of
',000,O00.0O Malt Lake City Ten hitielpittion Bootle, Series of July 1, 1963,
sad that the tine vithia nei.ch a'reteroadna petition could be filed has
expired.
IB 10:11 110 1®010v, I Use hereunto set q hand end the meal of
said City this 25th di,at June A. D., 1963.
r.^...- .tire r\-r
(�i)
.18.
Si'Aa ar MI l
t 88
CO= Ott OM ZaU )
I, lasts S. Jolley, the dilly Shaman, %pelitted sod acting City
kilter of Bait lake City, State of Utah, de hereby*artily that prier to
the iaeasw art delivery of 0,000,000.00 Omit Lake City Taac Antieipaties
made, Berta of lily 1, 1963, blm tnj lutenist at the rote et we sail
ei#aly tine haalbredthe per ant {i.8$) per amlae, pantie at taalarity,
mimed sae (1) to treaty (S), both SNUGLY*, is the daaaadanties of
$900,000.80 sash, doe and psysbla Jusiary 11, 1501y I, as City Auditor of
Salt lake City, did duly sio su the rswrse rile of said bide a se:ti!tsste
reeding es tallow
"City kilter's Certifieste
I UMW MEW that this band is atthla the
1 s1 debt lirrit et Salt Like City, Mot, and
is lasaad aaordtas is lea.
=t MimimiA 100 r, hisses my heard sad the sod et Salt lace City,
Utak, thin 25th der of + June , A. D., 103.
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